PrimeXBT Review & Ratings 2025

Welcome to our comprehensive review of PrimeXBT, a prominent online crypto exchange which was established in 2018. With a global reach spanning 150 countries and over one million users, PrimeXBT offers a versatile trading experience. In this guide, we'll delve into PrimeXBT's Crypto Futures platform, examining its features, fees, and overall suitability. This exploration aims to assist traders navigating the dynamic landscape of cryptocurrency futures. Let's dive into the details to help you make an informed decision about whether PrimeXBT is the right platform for your crypto trading endeavors.

PrimeXBT Pros and Cons 

Let’s delve into the pros and cons of PrimeXBT, a cryptocurrency exchange platform:

Pros:

Low fees: The fees incurred through PrimeXBT are very low in comparison to other crypto exchanges and brokers.

Crypto Futures platform: Get access to over 30 crypto trading pairs through PrimeXBT's Crypto Futures platform. It is easy for beginners as well as experienced traders to start through PrimeXBT's Crypto Futures platform.

Diverse Asset Trading: PrimeXBT supports trading in various asset classes, including cryptocurrencies, foreign currencies, major stock indices, and commodities.

Covesting Feature: A unique feature allows users to observe and mimic the trading strategies of top investors on the platform. This can be beneficial for those seeking insights from experienced traders.

Robust Technical Analysis Tools: The platform provides advanced charting and technical analysis tools, aiding traders in making informed decisions.

Referral System: PrimeXBT’s multi-level referral program allows users to earn rewards not only from direct referrals but also from the referrals brought in by their network. It’s like a crypto trading pyramid scheme, but in a good way!

Leveraged Trading: Users can engage in leveraged trading with up to 200x leverage, potentially increasing profit potential.

Cons:

Limited Availability: Unfortunately, PrimeXBT is not available in 14 countries, including the U.S., Canada, and Japan.

No Lending or Staking Services: PrimeXBT does not provide services for lending or staking cryptocurrencies.

Risk of Leverage Trading: Leveraged trading involves inherent risks, requiring caution and proper risk management.

In summary, PrimeXBT caters to experienced users seeking advanced features, but its limited availability and lack of diverse trading pairs may deter some potential users. Always conduct thorough research before choosing a trading platform! 

What Makes PrimeXBT Stand Out?

Let’s explore what sets PrimeXBT apart and makes it stand out in the world of cryptocurrency trading:

Advanced Trading Features

Leveraged Trading: PrimeXBT offers high leverage of up to 100x, allowing traders to amplify their positions and potentially increase profits.

Diverse Asset Selection

PrimeXBT provides access to a wide range of assets, including cryptocurrencies, forex pairs, stock indices, and commodities. This diversity allows traders to diversify their portfolios and explore various markets.

Covesting Platform

The Covesting module enables users to follow and copy the strategies of successful traders. It’s like having a mentor in the crypto world!

Traders can become strategy managers and earn additional income by sharing their successful trades with followers.

User-Friendly Interface

PrimeXBT’s platform is designed for both novice and experienced traders.

The intuitive interface, customizable charts, and technical analysis tools make it easy to navigate and execute trades.

Security Measures

PrimeXBT prioritizes security with features like two-factor authentication (2FA) and cold storage for funds.

Regular security audits help maintain the integrity of the platform.

Global Availability

While some regions are restricted, PrimeXBT is accessible to traders from many countries worldwide.

It caters to a global audience, fostering a diverse trading community.

Referral Program

PrimeXBT’s multi-level referral system incentivizes users to refer others. Earn rewards not only from direct referrals but also from their referrals’ activity.

PrimeXBT stands out due to its innovative features, asset variety, and commitment to user security. However, potential users should weigh the pros and cons carefully and conduct thorough research before diving into crypto trading.

PrimeXBT Overview

Established in 2018, PrimeXBT is a globally recognized online broker catering to traders worldwide. The platform offers a diverse array of financial instruments, including cryptocurrencies, commodities, indices, and forex.

Key Trading Features

PrimeXBT provides traders with high leverage options across various assets, facilitating up to 200x leverage on Bitcoin and Ethereum CFDs, 100x leverage on altcoins and indices, and even up to 1000x leverage on forex pairs. With fast execution speeds and advanced charting tools, traders can make informed decisions. The platform also offers a unique copy trading feature through Covesting, allowing users to replicate successful traders' strategies.

Global Reach

With over one million users spread across 150 countries, PrimeXBT ensures high liquidity through its aggregator, which sources feeds from multiple vendors.

Low Fees and Accessibility

PrimeXBT boasts low maker and taker fees, making trading cost-effective. Additionally, there is no minimum deposit requirement, ensuring accessibility for traders of all levels.

Additional Earning Opportunities

Aside from trading, users can earn through referrals and contests. PrimeXBT's Crypto Trading Academy offers educational resources to support traders' growth and development.

While PrimeXBT offers attractive features, its lack of regulation may raise concerns for some traders. However, those outside restricted regions can still benefit from the platform's offerings.

In summary, PrimeXBT is distinguished by its innovative features, diverse asset selection, and user-friendly interface, making it a compelling option for traders worldwide. However, it's essential for potential users to carefully consider the platform's pros and cons before engaging in crypto trading.

How to Open an Account with PrimeXBT

Certainly! Here’s a step-by-step guide on how to open an account on PrimeXBT, a crypto futures trading platform:

Register an Account:

• Visit the registration page.
• Provide your account credentials (email and password).
• Optionally, you can provide your phone number.
• Agree to the Terms and Conditions.
• Click “Register”.
• Confirm your registration by entering the 4-digit PIN code sent to your email. If needed, you can request a new PIN code or troubleshoot if it doesn’t arrive promptly.

Login:

Once registered, you can log in using your PrimeXBT account credentials (email + password).

Alternatively, select “Continue with Google” to authorize using your existing Google Account.

Mobile Access:

Download the official iOS or Android applications for convenient access to your PrimeXBT account.

• iOS app
• Android app

Password Recovery:

If you forget your password:

• Go to the ‘Password Recovery’ page.
• Specify your account email.
• Click “Reset” to receive a password reset PIN via email.
• Insert the reset PIN and set a new password.

Deposit Funds:

• Navigate to the main page of your account.
• Select the desired wallet.
• Click the “Deposit” button.

Choose from two deposit options:

Direct Crypto deposits: Transfer BTC, ETH, USDT, USDC, or COV from your personal crypto wallets to your PrimeXBT Wallet.

Buying Crypto: Purchase crypto directly on PrimeXBT.

Follow the instructions to complete your deposit.

You’re now all set to explore the exciting world of crypto futures trading on PrimeXBT.

Cryptocurrencies Available for Trading on PrimeXBT Futures Platform

Here’s an organized list of cryptocurrencies available for trading on PrimeXBT’s futures platform, along with their minimum trading quantities:

1. ADA/USDT

   - Minimum Quantity (Order Size): 10 ADA

2. ALGO/USDT

   - Minimum Quantity (Order Size): 100 ALGO

3. ATOM/USDT

   - Minimum Quantity (Order Size): 1 ATOM

4. AVAX/USDT

   - Minimum Quantity (Order Size): 1 AVAX

5. AXS/USDT

   - Minimum Quantity (Order Size): 1 AXS

6. BNB/USDT

   - Minimum Quantity (Order Size): 0.01 BNB

7. BTC/USDT

   - Minimum Quantity (Order Size): 0.001 BTC

8. DOGE/USDT

   - Minimum Quantity (Order Size): 100 DOGE

9. DOT/USDT

   - Minimum Quantity (Order Size): 1 DOT

10. EGLD/USD

    - Minimum Quantity (Order Size): 1 EGLD

11. EOS/USDT

    - Minimum Quantity (Order Size): 1 EOS

12. ETH/USDT

    - Minimum Quantity (Order Size): 0.01 ETH

13. FIL/USDT

    - Minimum Quantity (Order Size): 1 FIL

14. FTM/USDT

    - Minimum Quantity (Order Size): 10 FTM

15. ICP/USDT

    - Minimum Quantity (Order Size): 1 ICP

16. KLAY/USDT

    - Minimum Quantity (Order Size): 100 KLAY

17. LINK/USDT

    - Minimum Quantity (Order Size): 1 LINK

18. LTC/USDT

    - Minimum Quantity (Order Size): 0.1 LTC

19. MANA/USDT

    - Minimum Quantity (Order Size): 10 MANA

20. MATIC/USDT

    - Minimum Quantity (Order Size): 10 MATIC

21. NEAR/USDT

    - Minimum Quantity (Order Size): 10 NEAR

22. SAND/USDT

    - Minimum Quantity (Order Size): 10 SAND

23. SOL/USDT

    - Minimum Quantity (Order Size): 1 SOL

24. THETA/USDT

    - Minimum Quantity (Order Size): 10 THETA

25. TRX/USDT

    - Minimum Quantity (Order Size): 100 TRX

26. UNI/USDT

    - Minimum Quantity (Order Size): 1 UNI

27. VET/USDT

    - Minimum Quantity (Order Size): 100 VET

28. XLM/USDT

    - Minimum Quantity (Order Size): 100 XLM

29. XMR/USDT

    - Minimum Quantity (Order Size): 0.01 XMR

30. XRP/USDT

    - Minimum Quantity (Order Size): 10 XRP

31. XTZ/USDT

    - Minimum Quantity (Order Size): Not specified.

PrimeXBT Crypto Futures Fees

PrimeXBT is known for its transparent fee structure, offering traders competitive rates for executing trades and holding positions overnight. Here's a breakdown of the fees associated with trading on PrimeXBT's Crypto Futures platform:

Trading Fees:

Percentage-based: PrimeXBT charges a trading fee that is a percentage of the transaction amount whenever a position is opened or closed.

Low Commission: Compared to other platforms, PrimeXBT boasts a significantly lower fee of just 0.05% for most markets, including cryptocurrencies, commodities, forex, and indices.

Minimum Deposit: To start trading on PrimeXBT, there is a minimum deposit requirement, which is not specified in the provided information. I recommend checking their official website for the most up-to-date details on minimum deposit requirements

Crypto Markets Fees:

Maker and Taker Fees: For all crypto markets offered, PrimeXBT charges a flat fee of 0.05% for both makers and takers.

Crypto Futures Fees: In the crypto futures market, the maker fee is set at 0.01%, while the taker fee is slightly higher at 0.02%.

Minimum Order Size: The minimum order size varies for each crypto asset, ensuring flexibility for traders of different levels.

Overnight Financing:

Carry Fees: Overnight financing occurs when a trade is held open into the next trading day, and PrimeXBT charges a fee for this service. The specific rates can be found on the broker's dedicated fee page for each crypto asset.

Transparent Fee Policy

PrimeXBT maintains a clear fee policy, ensuring traders are aware of the costs associated with their trades and positions.

The platform's commitment to transparent, low, and no hidden fees makes it an ideal choice for traders and investors seeking cost-effective trading solutions.

In short, PrimeXBT's Crypto Futures platform offers competitive and transparent fees, providing traders with a cost-effective environment to engage in cryptocurrency futures trading.

User Experience on PrimeXBT Crypto Futures Platform 

PrimeXBT has gained traction due to its diverse asset offerings, high leverage, and copy trading features. Let’s delve into the user experience provided by this crypto futures platform:

PrimeXBT Crypto Futures Platform offers a user-friendly experience tailored for both novice and experienced traders.

PrimeXBT’s interface strikes a balance between simplicity and adaptability. Traders can customize it to suit their individual preferences. The platform prominently displays essential information, such as margin details, making it easy for users to manage their trades and funding.

The registration process is straightforward, allowing users to create accounts efficiently. The onboarding process guides users through key platform functionalities.

Whether you’re a seasoned trader or a beginner, PrimeXBT accommodates various skill levels. It offers a wide range of technical analysis indicators, empowering users to make informed decisions. From moving averages to candlestick patterns, traders can access the tools they need for effective analysis.

PrimeXBT Wallet: Secure and Efficient Crypto Management

PrimeXBT is a leading cryptocurrency trading platform that empowers users to engage in global markets, including crypto, commodities, indices, and forex. Whether you’re a beginner or an experienced trader, PrimeXBT offers a range of features to enhance your trading experience.

Key Features:

• Advanced Trading Tools: Benefit from cutting-edge tools that allow you to analyze market trends, execute orders, and manage your portfolio effectively.
• Low Fees: PrimeXBT offers competitive fees, ensuring that your trading costs remain minimal.
• Instant Order Execution: Execute trades swiftly without delays, ensuring you capitalize on market opportunities.
• 24/7 Customer Support: Our professional support team is available round the clock to assist you with any queries or issues.

Wallet Security

At PrimeXBT, security is paramount. Here’s how they safeguard customer’s assets:

• Cold Storage: All customer assets are stored in a cold storage wallet, ensuring maximum security.
• Manual Transfers: Fund transfers from cold storage to hot wallets are handled manually by multiple employees.
• Daily Withdrawals: Pending withdrawals are processed once a day between 12:00 and 14:00 UTC.

PrimeXBT Trading Platform

PrimeXBT offers an award-winning trading platform that empowers users to trade across global markets, including cryptocurrencies, forex, commodities, and indices. Here are some key features of the PrimeXBT Proprietary Platform:

Advanced Trading Tools: PrimeXBT offers a reliable and intuitive platform equipped with essential tools for managing orders and analyzing market data. Traders can customize their workspace layout to suit their preferences and access over 50 technical indicators and comprehensive drawing tools directly from integrated charts.

Multiple Order Types: The platform provides flexibility by offering various order types through the Order Form option. Whether you’re executing market orders, limit orders, or stop orders, PrimeXBT equips you with the necessary tools to implement your trading strategy effectively.

Secure Wallets: Users can withdraw, deposit, and store their assets in a personal secure wallet. PrimeXBT ensures the safety of all assets by employing an offline storage system, protecting against potential risks or threats.

Global Market Access: PrimeXBT grants access to a diverse range of markets, including:

• Cryptocurrencies: Trade popular crypto pairs like BTC/USD, ETH/USD, and XRP/USD.
• Forex: Explore currency pairs such as EUR/USD and EUR/JPY.
• Commodities: Engage in trading commodities like gold (GOLD) and silver (SILVER).
• Indices: Access indices like SP500 and Brent.

Ultra-Fast Order Execution: PrimeXBT’s trading engine is designed to execute over 12,000 orders per second, ensuring swift and efficient transactions.

Real-Time Risk Management: The platform supports cross-margin trading and performs full risk checks automatically after each order, enhancing risk management.

Top-Tier Liquidity: PrimeXBT aggregates feeds from multiple vendors, ensuring high liquidity across all tradable assets.

In summary, PrimeXBT’s proprietary platform combines advanced tools, low fees, and instant order execution, making it a preferred choice for traders seeking a comprehensive and efficient trading experience.

PrimeXBT Mobile Apps

Let’s delve into the details of the PrimeXBT Mobile Apps for both Android and iOS platforms.

PrimeXBT Android App

The PrimeXBT Android app is a powerful tool designed to cater to traders of all skill levels. Here are the key features:

Complete Trading Portfolio Control On The Go:

With the Android app, you can manage your entire trading portfolio effortlessly. Perform tasks such as making deposits, withdrawals, and monitoring market movements.

Active margin trading positions can also be managed seamlessly.

Intuitive User Experience:

The app provides a familiar experience, mirroring the desktop and mobile website. Each swipe and tap feels intuitive, making navigation smooth.

Major features are included, with more enhancements planned for future updates.

Trading Instruments:

Trade over 100 different instruments, including forex, commodities, stock indices, and cryptocurrencies.

Go long or short with ease on the go.

24/7 Live Customer Support:

Access customer support via live chat directly from the app. Get assistance whenever you need it.

Security and Account Settings:

Toggle security settings and manage your account effortlessly. Set up PIN, face, or fingerprint biometric authentication for added security.

Upcoming Enhancements:

While the app currently lacks features like starting a new strategy manager account or accessing various aspects of the Covesting copy trading module, these will be added in future updates.

PrimeXBT iOS App

The PrimeXBT iOS app is equally robust and user-friendly. Here’s what you can expect:

Leverage Trading:

Trade derivatives contracts with up to 100x leverage on cryptocurrencies like Bitcoin and Ethereum.

Covesting Module:

The unique Covesting module allows you to copy trades from successful investors automatically. Follow their strategies and enhance your trading experience.

Multiple Asset Classes:

Invest in a diverse range of assets, including:

• Cryptocurrencies
• Forex
• Indices
• Commodities (such as Gold, Silver, Crude, and Gas)

User-Friendly Interface:

The iOS app provides a secure and intuitive interface. Access real-time market data and execute trades effortlessly.

Both the Android and iOS apps are essential tools for traders who demand convenience and control while on the move. Whether you’re a seasoned trader or just starting out, PrimeXBT’s mobile apps have you covered!

For Android users, you can download the app from the Google Play Store. iOS users can find the app on the Apple App Store. 

PrimeXBT Payment Methods 

Here’s an overview of the payment methods available on PrimeXBT, a popular cryptocurrency trading platform:

Direct Crypto Deposits

PrimeXBT allows direct crypto deposits from your personal crypto wallets. You can deposit various cryptocurrencies directly into your PrimeXBT account.

To make a deposit:

• Choose your deposit currency.
• Select the destination for your deposit (either Global Markets or Crypto Futures trading accounts).
• Choose the desired network (Ethereum, BNB Smart Chain, or TRON).
• Copy the deposit wallet address and send funds from your wallet.

Confirmations required:

BTC: 3 block confirmations (around 40 minutes on average).

ETH and ERC-20 tokens (COV, USDT, USDC): 10 block confirmations (around 4 minutes).

BEP-20 tokens (ETH, COV, USDT, USDC): 10 block confirmations on BSC (around 1 minute).

USDT and USDC TRC-20 tokens: 20 block confirmations on TRON (around 1 minute).

MetaMask Wallet Deposits

• You can also use your MetaMask wallet for direct crypto deposits.
• Link your MetaMask wallet with your PrimeXBT ETH, USDT, USDC, or COV wallet.
• Install the MetaMask plugin in your browser to enable this feature.

Buying Crypto with Credit/Debit Card

• In the Alternative Deposits section, click “Buy Bitcoin” to purchase Bitcoin directly using your credit card or debit card.
• Accepted fiat currencies vary, and fees apply.

Remember that Bitcoin is the primary form of payment on PrimeXBT, and all other cryptocurrencies are traded against Bitcoin.

Cash/Fiat Deposit 

Let’s delve into the details of Cash/Fiat deposits on PrimeXBT:

Advcash:

PrimeXBT accepts Advcash as a convenient method for fiat deposits. Users can fund their accounts seamlessly using Advcash, providing a user-friendly and efficient way to enter the crypto market.

Perfect Money:

Perfect Money is another accepted payment method on PrimeXBT for fiat deposits. This secure and reliable e-payment system allows users to transfer funds easily, enhancing the accessibility of the platform.

Debit & Credit Card:

PrimeXBT supports fiat deposits through both debit and credit cards. This widely-used method offers a quick and straightforward way for users to fund their accounts, providing flexibility and ease of use.

SEPA Transfers:

SEPA transfers are accepted on PrimeXBT, allowing users to deposit fiat currency through this European payment system. This option is particularly beneficial for users in the SEPA region, offering a reliable and standardized way to transfer funds.

PrimeXBT's diverse range of accepted payment methods for fiat deposits, including Advcash, Perfect Money, debit & credit cards, and SEPA transfers, provides users with flexibility and accessibility to enter the cryptocurrency market with ease.

PrimeXBT Withdrawal Process

Let’s delve into the details of withdrawal procedure:

Withdrawal Timing:

Cryptocurrency withdrawals are processed once a day between 12:00 and 14:00 UTC. Withdrawal requests before 12:00 UTC are processed on the same day; those after are processed the next day. Cash withdrawals follow the same timeframe as crypto withdrawals.

Security Measures:

PrimeXBT reserves the right to manually review withdrawal requests triggering suspicious activity alerts. Manual reviews may cause delays until the process is completed and approved.

24-Hour Withdrawal Limit:

Each account has a 24-hour withdrawal limit of $20,000 or equivalent in other currencies. The withdrawal limit can be removed.

Crypto Withdrawals

   - Go to the Account page, click 'Withdraw' for the desired cryptocurrency.

   - Select wallet, network, withdrawal address, enter the amount, and click 'Submit to Withdraw.'

   - Confirm withdrawal via email.

   - Verify your account to lift daily withdrawal limit.

   - Specific withdrawal availability on different networks:

      - BTC: Standard BTC blockchain network.

      - ETH, USDT, USDC, COV: ERC-20 (Ethereum) and BEP-20 (BNB Smart Chain).

      - USDT, USDC: TRC-20 (TRON) network.

Cash/Fiat Withdrawals

   - Navigate to the Account page, go to Wallets, and click 'Withdraw' next to the currency.

   - Select payment method (e.g., Advcash or Perfect Money) and follow steps accordingly.

   - Advcash and Perfect Money withdrawals are only available to previously used addresses/Account IDs.

For Advcash:

      - Select USD currency Wallet, Advcash payment method, and pre-selected email address.

      - Confirm withdrawal via email.

For Perfect Money:

   - Select USD currency Wallet, Perfect Money payment method, and pre-selected Account ID.

  - Confirm withdrawal via email.

   - To deposit with a new address/Account ID, follow deposit instructions.

How to Cancel a Withdrawal

   - Go to the Account page and click on the corresponding Wallet.

   - Under 'Transfer history', click 'X' for the withdrawal to cancel.

   - Pending withdrawals can be cancelled anytime before 12:00 UTC.

PrimeXBT Customer Support

PrimeXBT is committed to providing 24/7 customer support to its users. Whether you have questions, need assistance, or want to resolve any issues, their support team is readily available. Here are the details:

Contact Options:

Live Chat: You can reach out to PrimeXBT’s support team via live chat directly on the platform. Click the icon in the top right corner and select “Support Chat”.

Email: For more detailed inquiries, you can email them at support@primexbt.com.

Help Center: PrimeXBT maintains a comprehensive Help Center where you can find answers to frequently asked questions (F.A.Q.) related to various aspects of the platform.

The Help Center covers topics such as trading conditions, order types, deposits, withdrawals, margin trading, crypto futures, copy trading, contests, security measures, and more.

If you have specific queries, you can ask their Customer Support team directly in the live chat or via email.

Additional Information: PrimeXBT’s support staff is available 24/7 to assist you. They have earned recognition for their customer support quality in independent comparisons. 

PrimeXBT also maintains an active presence on various social media platforms, allowing users to stay updated, connect, and engage. Here are the details of their social media channels:

LinkedIn: You can follow PrimeXBT on LinkedIn to receive updates about the platform, industry insights, and company news.

Facebook: PrimeXBT’s Facebook page provides a space for community interaction. You’ll find posts related to trading, crypto news, and platform features.

X (Twitter): For real-time updates, follow PrimeXBT on Twitter. Their feed includes market analysis, announcements, and educational content.

Instagram: On Instagram, PrimeXBT shares visually engaging content related to crypto, trading, and platform features.

Telegram: Join the PrimeXBT Global Telegram channel to participate in discussions, receive platform updates, and connect with other traders.

You can follow your preferred channel(s) to stay informed about PrimeXBT’s latest developments and engage with the community.

PrimeXBT’s Licensing and Security

Let’s delve into the details of PrimeXBT’s licensing and security:

Regulatory Framework

PrimeXBT is a trading platform that operates globally, but it falls outside the regulatory frameworks of the European Union (EU) and the United Kingdom (UK). PrimeXBT Trading Services LLC is registered in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is known for having a relatively lenient regulatory environment for financial services.

PrimeXBT's registration in Saint Vincent and the Grenadines may imply a different regulatory framework compared to more stringent financial jurisdictions.

As an entity, PrimeXBT does not hold any financial services licenses or authorizations within the EU or UK.

Consequently, there is no provision for an Investor Compensation Scheme for PrimeXBT users in these regions.

Client Safety and Compliance:

PrimeXBT places a strong emphasis on client safety. Their all-in-one trading platforms are designed to provide a secure environment for buying cryptocurrencies and trading global markets.

They actively monitor and adhere to anti-money laundering (AML) and Know Your Customer (KYC) best practices in every country where they operate.

Risk warnings and clear explanations of associated risks are included in all their marketing materials.

Marketing and Promotion:

PrimeXBT has strict internal policies regarding marketing material creation and distribution. They do not promote their products and services in countries or regions where they are regulated or require authorization or licensing, such as the EU and UK.

The website content is directed only at residents of jurisdictions where PrimeXBT holds a license.

Security Measures:

PrimeXBT employs robust security measures, including:

Two-Factor Authentication (2FA) for account access. Cold storage of digital assets using Multisignature technology. Encrypted SSL for secure website traffic. Regular security tests by their technical team.

Hosting on Amazon Web Services (AWS) for physical security.

They prioritize client asset protection and adhere to industry standards.

Unregulated Status:

It’s essential to note that PrimeXBT is not currently licensed. However, customer reviews generally reflect positive experiences with few complaints.

In summary, while PrimeXBT operates globally, it is essential for users to understand the regulatory context and exercise due diligence when trading on the platform. Always consider the associated risks and make informed decisions.

Is PrimeXBT Safe? 

PrimeXBT prioritizes the safety of its users through a meticulous cybersecurity framework. Regular stress tests and security audits align with the highest standards, ensuring robust protection against threats and vulnerabilities. Key features contributing to PrimeXBT's safety include Two-Factor Authentication (2FA) using Google Authenticator, encrypted SSL (https) for secure website traffic, Bitcoin address whitelisting, and the implementation of cold storage using Multisignature technology. The utilization of hardware security modules meeting FIPS PUB 140-2 Level 3 or higher standards adds an extra layer of security, emphasizing PrimeXBT's commitment to providing a safe trading environment for its users.

Our Verdict About PrimeXBT Crypto Futures Platform

PrimeXBT is a crypto futures trading platform with advanced features. It has a global user base and offers high leverage options (up to 1000x) and unique features like Covesting for social trading. The platform is user-friendly and caters to both novice and experienced traders.

However, there are some drawbacks. PrimeXBT is not available in all countries, has a limited number of crypto trading pairs, and lacks lending or staking services. Its unregulated status may also concern some users.

On the positive side, PrimeXBT has transparent and competitive fees, strong security features, and convenient mobile apps for trading. It supports various payment methods, including crypto deposits and credit/debit card purchases.

Withdrawals are timely and secure, with manual reviews for suspicious activity. Customer support is available 24/7 via live chat and email.

Despite being unregulated, PrimeXBT prioritizes user safety and has positive reviews. It’s a compelling choice for traders looking for a feature-rich and secure crypto futures trading experience.