Is This Crypto Dealer Legit,  Secure in 2025?

PrimeXBT World Trade is a number one dealer that provides customers a complete buying and selling platform for investing in crypto and different conventional monetary devices, together with contracts for distinction (CFDs), foreign exchange, indices, and commodities.

The perfect options that make PrimeXBT an acceptable alternate for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cell app that provides options much like these on the desktop model.

With these options, new {and professional} merchants can simply handle their portfolio from a single account and benefit from their investments. As well as, customers shouldn’t have to fret concerning the security of their funds, as a result of PrimeXBT is secure to purchase and promote crypto and different belongings in 2025.

That will help you decide if PrimeXBT is an efficient alternate for you, this PrimeXBT assessment covers what PrimeXBT is, the platform’s charges, supported cryptocurrencies, the most effective options of PrimeXBT, a step-by-step information on learn how to open a buying and selling account, and PrimeXBT alternate options for merchants who need to discover different choices. Let’s get began!

PrimeXBT Evaluation: What’s it?

PrimeXBT is a number one cryptocurrency and CFD dealer that provides a buying and selling platform for purchasing, promoting, and storing cryptocurrencies. PrimeXBT clients even have entry to commerce over 100 standard monetary devices, together with crypto futures and CFDs, foreign exchange (FX), indices, and commodities.

The platform gives margin buying and selling with leverage as much as 200x for cryptocurrencies and 1000x for foreign exchange pairs, considerably enhancing income. This makes it engaging to skilled merchants preferring high-risk, high-reward buying and selling and are comfy managing the dangers related to excessive leverage.

Initially constructed for copy buying and selling, PrimeXBT has expanded to incorporate futures and margin buying and selling, but copy buying and selling stays a prime characteristic. The PrimeXBT copy buying and selling options combine with Covesting, enabling new and/or much less skilled merchants to duplicate the methods of extra skilled merchants (technique managers) and generate a revenue with out energetic participation.

PrimeXBT additionally gives options like superior charting and excessive leverage, very best for informal, swing, and day merchants. These options and buying and selling choices might be mentioned in additional element on this PrimeXBT assessment. For now, the desk under supplies fundamental details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.

TradePrimeXBTBased2018HeadquartersSeychellesPhemex Key OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cell app.Supported Cryptocurrencies40+KYC NecessitiesNecessarySafety Measures {Hardware} safety modules, multisig chilly pockets storage, SSL encryption, segregated accounts, destructive stability safety, two-factor authentication (2FA), withdrawal handle whitelist, compensation fund, and superior encryption.Buying and selling ChoicesFutures, margin, copy buying and selling, foreign exchange, CFDs, indices, and commodities.Leverage Buying and sellingSure, as much as 200x for crypto and as much as 1000x for foreign exchange.Spot Buying and sellingNoAutomated Bot Buying and sellingNoEarn MerchandiseRefer a buddy, take part in buying and selling contests, and promotions (together with new person sign-up, commerce and earn, and many others.)Phemex Charges (Futures)0.01% for makers and 0.045% for takers.Minimal DepositCrypto: $1

Fiat currencies: $10

Fee Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee suppliers.Buyer AssistE-mail and Reside ChatAccessible within the USNo

Whereas PrimeXBT gives over 5 asset lessons for buying and selling and greater than 100 monetary devices, it nonetheless lacks some options that might make it a poor match for particular merchants. As an example, the platform gives a restricted choice of cryptocurrency belongings and doesn’t assist spot or crypto bot buying and selling.

Spot buying and selling, a easy technique for purchasing and promoting belongings, is extensively used on exchanges. Actually, it’s the finest place for newbie merchants to start out, as it’s simpler to navigate. This enables them to familiarize themselves with the buying and selling setting earlier than transitioning to crypto futures buying and selling.

In the meantime, automated bot buying and selling has been gaining momentum within the cryptocurrency buying and selling trade. The adoption of this technique has been on the rise, and a few merchants would like an alternate that provides the choice to set parameters and let the bot execute trades of their absence. This fits merchants targeted on futures, foreign exchange, and CFD buying and selling.

Launch your crypto buying and selling with PrimeXBT’s copy buying and selling — signal up now to declare a $500 bonus!

What are the Execs and Cons of PrimeXBT?

The professionals of PrimeXBT are the Covesting (copy buying and selling) characteristic, excessive leverage, a number of asset lessons for buying and selling, promotional gives, aggressive charges, superior buying and selling instruments, and responsive buyer assist.

Covesting (Copy Buying and selling) Module: This characteristic permits customers to comply with and mechanically copy the buying and selling methods of top-performing merchants. The aim is to assist learners and merchants who often lack the time to observe their trades, make a revenue from trades with out prior buying and selling data, and even when they’re absent.

Covesting’s utility token, COV, is built-in into its copy buying and selling module. Staking the COV token gives a number of advantages for merchants. As an example, it allows merchants to spice up income, safe charge reductions, and improve revenue shares inside the Covesting ecosystem.

Excessive Leverage Choices: PrimeXBT gives leverage of as much as 200x for cryptocurrencies and as much as 1000x for foreign exchange, permitting merchants to amplify their positions and doubtlessly improve their income. It’s price noting that whereas leverage can amplify positive factors, it additionally carries danger, so leverage buying and selling is finest suited to skilled merchants in search of high-reward alternatives.Sturdy Safety Options: PrimeXBT makes use of robust safety measures comparable to chilly storage for digital belongings, two-factor authentication, withdrawal handle whitelisting, and encrypted information transmission to guard customers’ information and belongings. Whereas PrimeXBT is just not regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by its €20,000 compensation fund. Promotional Affords: The platform often runs buying and selling contests, giveaways, and promotional campaigns that enable customers to earn bonuses, rewards, and even money prizes. Additionally they provide new customers welcome bonuses price as much as $500 for finishing easy duties, like funding their accounts.

These incentives assist PrimeXBT clients develop their portfolios with added rewards. Promotional duties on PrimeXBT are often time-bound, however there’s all the time one thing to do and earn rewards from. To earn these rewards, go to the Promotions web page on the PrimeXBT official web site to view obtainable duties and their corresponding rewards.

Aggressive Charges: PrimeXBT expenses low buying and selling charges, particularly for cryptocurrency buying and selling, making it a great alternative for high-volume merchants, frequent merchants, and day merchants. Charges for crypto futures buying and selling on PrimeXBT World Trade are as little as 0.01% for makers and 0.045% for taker orders. Superior Buying and selling Instruments: The buying and selling platform integrates with TradingView, offering entry to superior charting instruments, technical indicators, real-time market information, buying and selling alerts, and account administration instruments. Merchants can analyze worth traits, take a look at methods, and handle danger with precision and accuracy. Whether or not you’re scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT gives the instruments wanted for skilled buying and selling. Responsive Buyer Assist: The PrimeXBT buyer assist group, obtainable 24/7, usually supplies immediate and useful responses. From our PrimeXBT assessment, we discovered that buyer assist is responsive, whether or not it’s a technical concern, an account query, or help with navigating the platform. Assistance is available by dwell chat, electronic mail, and complete instructional assets, together with buying and selling tutorials and articles.A number of Asset Lessons for Buying and selling: PrimeXBT not solely gives crypto buying and selling but additionally helps a variety of monetary devices, together with cryptocurrencies, foreign exchange, indices such because the S&P 500 and FTSE 100, and commodities like gold, silver, and oil. This allows merchants to execute various buying and selling methods and capitalize on market alternatives throughout numerous sectors, all from a single platform.

The cons of PrimeXBT are unregulated alternate, restricted crypto choices, no staking apart from COV, no spot market, bot buying and selling, and withdrawal delays.

Unregulated Trade: PrimeXBT holds a Monetary Sector Conduct Authority (FSCA) license in South Africa, amongst different jurisdictions. Nevertheless, it operates with out oversight from main monetary regulators. The dearth of regulation means there’s restricted recourse within the occasion of disputes, and it might not meet the compliance requirements required by some institutional or skilled traders. Restricted Crypto Choices: The platform helps over 40 crypto belongings, together with main cryptocurrencies comparable to Bitcoin and Ethereum. Nevertheless, the general choice is proscribed in comparison with different exchanges that assist as much as 500 cash. Because of this, it is probably not an acceptable possibility for merchants in search of to entry a broad vary of altcoins or spend money on newer, rising cryptocurrency initiatives. No Staking Aside from COV: PrimeXBT doesn’t assist staking for standard cryptocurrencies comparable to ETH or ADA. The one obtainable staking characteristic is tied to Covesting’s native token, COV, which limits passive earnings alternatives for customers trying to earn rewards from holding different digital belongings. No Spot Market: PrimeXBT focuses solely on futures and margin buying and selling. It doesn’t provide spot buying and selling, which can deter customers preferring to purchase and maintain precise belongings with out leverage. This additionally means no direct crypto-to-crypto or fiat-to-crypto purchases, not like on different exchanges comparable to Crypto.com, Binance, and Bybit. No Bot Buying and selling: PrimeXBT doesn’t assist built-in or third-party buying and selling bots, which limits automation choices for customers. Some merchants rely closely on crypto bots, that are instruments that assist them execute trades mechanically. In case you desire to make use of algorithmic methods, auto-rebalancing, and different bot execution methods, you’ll discover the platform restrictive. Withdrawal Delays: Some customers have reported experiencing occasional delays in withdrawal processing, notably throughout excessive community congestion or elevated platform exercise. Whereas this concern is blended, it’s one thing to think about for merchants who require fast entry to their funds.

Commerce securely on PrimeXBT’s trusted platform. Be a part of at the moment and unlock a $500 welcome bonus

What Nations and Areas are Accessible for PrimeXBT Customers?

The nations and areas obtainable to PrimeXBT customers embrace South Africa, Switzerland, India, Brazil, Mexico, Argentina, Vietnam, Thailand, Turkey, the United Arab Emirates (UAE), and greater than 140 different nations.

Nevertheless, PrimeXBT is just not obtainable in sure restricted jurisdictions, together with the USA, Canada, Japan, and some different nations with stringent regulatory necessities. Customers in these areas can not create accounts or entry the platform options as a result of compliance limitations.

Is PrimeXBT Accessible within the USA?

No, PrimeXBT is just not obtainable within the USA. The dealer doesn’t provide its services and products to merchants in the USA as a result of regulatory points. In case you’re searching for an excellent various to PrimeXBT that gives related providers, comparable to copy buying and selling, leverage buying and selling, and multi-asset markets together with crypto, foreign exchange, commodities, and indices, and is out there to US merchants, contemplate eToro.

eToro is a widely known platform for social buying and selling and duplicate buying and selling. It allows customers to duplicate the portfolios of prime merchants, providing a clean and beginner-friendly expertise. In contrast to PrimeXBT, eToro is a regulated platform and gives actual shares, ETFs, crypto, foreign exchange, and commodities.

What are the PrimeXBT Charges?

The PrimeXBT charges are buying and selling charges, deposit charges, and withdrawal charges. Beneath is a breakdown of PrimeXBT charges and its withdrawal limits. 

PrimeXBT Buying and selling Charges

PrimeXBT buying and selling charges are crypto futures charges, foreign exchange and CFD charges, copy buying and selling charges, and funding charges.

Crypto Futures Charges: Transaction charges for all merchants on the Phemex futures market are 0.01% for market makers. For takers, the charges are divided into three tiers, relying in your 30-day buying and selling quantity. Customers with lower than $5,000,000 month-to-month quantity pay 0.045%, these whose month-to-month quantity is above $5,000,000 pay 0.035%, and at last, merchants with greater than $20,000,000 in month-to-month buying and selling quantity pay 0.02%. Foreign exchange and CFD Charges: For foreign exchange and CFD pairs, PrimeXBT expenses a 0.0% flat fee per commerce with spreads as little as 0.1 pips. The alternate additionally expenses a charge for in a single day trades. In a single day financing prices differ by foreign money pair and place (lengthy or brief). Beneath is a breakdown of how a lot foreign exchange and CFD merchants ought to count on to pay in in a single day charges. Copy Buying and selling Charges: PrimeXBT’s copy buying and selling charges contain a profit-sharing mannequin relatively than conventional fee charges. For revenue distribution,Technique Supervisor (Dealer Being Copied): Receives 20% of income generated by followers.Platform: Takes 20% of income.Copy Dealer (Follower): Retains 60–75% of income from every copied commerce.

Charges are deducted from income solely when trades are profitable. Moreover, there are not any additional transaction prices; solely the usual PrimeXBT charges (e.g., futures, spreads, in a single day financing) apply to positions opened by copy buying and selling.

Funding Charges: PrimeXBT expenses funding charges each 8 hours for open positions, various by asset. These charges will not be mounted and differ primarily based on the cryptocurrency and market situations; subsequently, you will want to log in to view the precise funding fee for the contract you want to commerce. That mentioned, right here is an summary of the funding fee you need to count on to pay for various belongings.

PrimeXBT Deposit Charges

PrimeXBT deposit charge is free. The platform gives free deposits for cryptocurrencies and financial institution playing cards. Nevertheless, utilizing third-party fee suppliers like Excellent Cash to purchase crypto or different belongings incurs a minimal charge of 1.99% (imposed by the fee supplier, not PrimeXBT). The minimal deposit is roughly $1, topic to updates; examine their official web site for present necessities.

PrimeXBT Withdrawal Charges

PrimeXBT withdrawal charges are free for inner withdrawals. Nevertheless, merchants withdrawing to an exterior pockets should pay a hard and fast charge for every cryptocurrency withdrawal to cowl the transaction prices of the blockchain community. These charges, set by blockchain networks, will not be decided by PrimeXBT.

The particular charge quantity is dependent upon the cryptocurrency you want to withdraw and may differ as a result of community congestion and transaction quantity on the time of your withdrawal request. For fiat foreign money withdrawals processed by third-party platforms, a charge might be incurred, beginning at $5 for withdrawals of $10,000 or extra. This charge can also be depending on the third-party platform.

What’s the Withdrawal Limits on PrimeXBT?

The withdrawal restrict on PrimeXBT is $20,000 or equal in different currencies. Every account on PrimeXBT has a normal 24-hour withdrawal restrict. Nevertheless, in the event you want to improve your restrict above $20,000, you should full the KYC verification course of. 

What Cryptocurrencies are Supported on PrimeXBT?

PrimeXBT helps over 40 crypto belongings, together with main cash comparable to BTC, Ethereum, and SOL, in addition to stablecoins like Tether (USDT) and USDC, and memecoins like DOGE and SHIB. Along with cryptocurrencies, PrimeXBT allows customers to commerce numerous asset lessons, together with foreign exchange, commodities, and indices.

What are the Finest Options on PrimeXBT?

The perfect options on PrimeXBT are copy buying and selling (Covesting), PrimeXBT Futures & Margin Buying and selling, and the PrimeXBT Cellular App.

PrimeXBT Copy Buying and selling (Covesting)

The PrimeXBT Copy Buying and selling (Covesting) is a copy-trading module of the PrimeXBT buying and selling platform that permits learners or less-experienced merchants to duplicate the buying and selling methods of main merchants with out superior buying and selling abilities or actively managing their very own positions.

By means of the Covesting software program, PrimeXBT makes the buying and selling methods of skilled merchants public in a performance-based leaderboard. Followers can consider and select which merchants to repeat primarily based on a variety of metrics, together with return on funding (ROI), complete revenue, danger rating, variety of followers, and different related components.

For followers, Covesting simplifies the buying and selling course of. When you subscribe to a method, your funds are mechanically aligned with the actions of the technique supervisor, who’s the dealer being copied. In the event that they make a revenue, additionally, you will make a proportional revenue, minus a buying and selling efficiency charge shared between the profitable dealer and PrimeXBT.

One benefit of the PrimeXBT copy buying and selling characteristic is that followers have account administration instruments at their disposal to regulate their stage of market publicity by selecting how a lot capital they need to allocate to a specific technique. In contrast to some locked-in funding merchandise, followers may exit the technique at any time.

Covesting helps buying and selling throughout a variety of markets, together with cryptocurrencies, foreign exchange, commodities, and inventory indices, permitting you to diversify your funding portfolio.

Moreover, Covesting launched a token-based system by the COV utility token, which unlocks a number of advantages for customers, together with decreased transaction charges and elevated revenue shares. With this, customers holding COV tokens can improve their buying and selling expertise, earn passive earnings by staking COV, and doubtlessly enhance profitability.

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PrimeXBT Futures & Margin Buying and selling

PrimeXBT helps margin and futures buying and selling on over 100 belongings, together with cryptocurrencies, foreign exchange pairs, indices, and commodities. PrimeXBT platform gives leverage as much as 200x on choose pairs through cross-margin and remoted margin accounts. This implies merchants can management bigger positions and doubtlessly improve their revenue utilizing a comparatively small deposit.

Nevertheless, the utmost leverage varies throughout belongings. As an example, Bitcoin (BTC) and Ethereum (ETH) assist as much as 200x, whereas XRP is capped at 175x, BNB at 75x, and belongings like LTC, MATIC, and ATOM at 50x. Merchants can examine obtainable leverage for every buying and selling pair on the platform earlier than opening a place.

As mentioned earlier, the PrimeXBT platform helps cross-margin accounts, which use your whole account stability as collateral. This may scale back the possibility of instant liquidation, particularly throughout market swings; nevertheless, it additionally will increase the danger of shedding cash quickly if trades go sideways.

Alternatively, remoted margin buying and selling limits your danger to the precise place you’re buying and selling. Leverage right here is capped at 100x, providing extra management and safety towards broader account loss. That is very best for merchants who need to handle their publicity higher.

Start buying and selling futures on PrimeXBT with simply $1. Join now for a $500 bonus!

PrimeXBT Cellular App

The PrimeXBT cell app is designed to reflect the complete performance of the desktop buying and selling platform, offering customers with seamless entry to varied buying and selling devices from their smartphones or tablets. The app is out there on each Android and iOS and delivers a complete buying and selling expertise for customers whereas they’re on the go.

With assist for over 100 monetary markets, the app allows customers to commerce a variety of belongings, together with greater than 40 cryptocurrencies, foreign exchange pairs, indices, and commodities comparable to gold and crude oil, all of which might be managed from a single person pleasant interface.

The cell app additionally gives high-leverage choices of as much as 200x for crypto futures and margin buying and selling, and as much as 1000x for foreign exchange. To assist in-depth market evaluation, the PrimeXBT app encompasses a suite of superior instruments, together with real-time market information, customizable charts, and technical indicators.

Moreover, account safety is a prime precedence on the PrimeXBT cell platform. The app helps two-factor authentication (2FA), withdrawal handle whitelisting, and robust information encryption to safeguard person info and belongings. The corporate additionally gives biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cell customers.

The best way to Open a New PrimeXBT Buying and selling Account?

To open a brand new PrimeXBT buying and selling account, you will want to go to the platform’s official web site and supply the required info. Here’s a step-by-step information to opening an account.

Step 1: Register 

Go to the official PrimeXBT web site and click on “Register” within the higher proper nook or choose “Join”. On the web page that opens, you possibly can select to enter your electronic mail and a powerful password manually, or you possibly can join utilizing your Apple ID or Google account.

Subsequent, confirm your electronic mail by coming into the 4-digit PIN that was despatched to the e-mail handle you used. Choose your nation and click on “Proceed.” You now have a crypto buying and selling account with PrimeXBT.

Step 2: Identification Verification (KYC)

Click on in your account icon, choose “Confirm account,” and examine the field to verify that you’ve given PrimeXBT permission to course of your private info, then click on “Proceed.” Subsequent, present the required private particulars and make sure that you’re not a U.S. citizen or resident. Then, click on “Proceed.”

For id doc verification, you possibly can add a photograph already saved in your pc or swap to utilizing your cellphone to take a dwell picture of your government-issued identification doc. Choose “Proceed,” confirm that the data you could have offered is appropriate, and click on “Subsequent”. Look forward to the alternate to confirm the paperwork.

Step 3: Depositing Funds

As soon as your account is verified, you possibly can deposit funds to start out buying and selling on PrimeXBT. To do that, click on “Deposit” and select whether or not you need to deposit crypto or fiat. To switch crypto from one other pockets to your PrimeXBT account, click on “Deposit Crypto.

Subsequent, choose the cryptocurrency you need to deposit and the community. Copy the generated pockets handle and paste it into the pockets you’re transferring crypto from to finish your commerce.

Claiming the Deposit Bonus on PrimeXBT

The PrimeXBT buying and selling platform welcomes new merchants with a bonus of as much as $500 upon completion of their first deposit. This bonus is barely obtainable in the event you signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and develop into eligible for rewards.

To assert the $500 bonuses, navigate to the primary menu after “PrimeXBT” on the higher left nook of the house web page and choose “Rewards” or go to the “Promotions” web page and declare in the event you’ve met all the standards.

Step 4: Begin Buying and selling (Crypto Futures)

Merchants should switch funds from their essential pockets to a margin buying and selling account to start buying and selling. Out of your PrimeXBT dashboard, click on on “Commerce.” This may result in the futures buying and selling interface, the place you possibly can view charts, order books, buying and selling pairs, and positions.

Select a crypto futures pair you want to commerce from the left-hand aspect (e.g., BTC/USD, ETH/USD). You can even seek for it within the top-left search bar and select your order kind (market or restrict order).

Subsequent, fill within the different particulars, comparable to the quantity of the bottom foreign money you need to purchase or promote, the leverage, and set the take-profit/stop-loss (optionally available however beneficial). As soon as you’re happy along with your parameters, click on “Purchase/Lengthy” if you’re betting on the value to rise or click on “Promote/Quick” in the event you imagine the price of the cryptocurrency will fall.

Does PrimeXBT Require KYC?

Sure, PrimeXBT requires KYC earlier than you possibly can deposit and commerce. Merchants can open accounts with out KYC, however can not deposit crypto or use PrimeXBT buying and selling providers with out id verification. PrimeXBT platform additionally requires KYC in the event you want to use fiat providers, comparable to depositing fiat currencies or shopping for crypto with fiat. The optionally available KYC for registration makes it one in every of our prime decisions for the finest no KYC crypto exchanges.

Is PrimeXBT Secure and Legit to Use?

Sure, PrimeXBT is secure and legit to make use of for crypto and commodity buying and selling. The alternate employs sturdy safety measures to safeguard person belongings and has not skilled any vital safety breaches since its launch in 2018. Nevertheless, merchants ought to word PrimeXBT’s restricted regulation, which can concern these prioritizing oversight.

Among the safety features that the PrimeXBT platform makes use of to safeguard merchants embrace {hardware} safety modules, segregated accounts, destructive stability safety, a compensation fund, and superior encryption. As well as, they use two issue authentication, withdrawal handle whitelisting, and cryptographically hashed passwords to guard customers’ accounts.

{Hardware} Safety Modules (HSMs) Rated FIPS PUB 140-2 Degree 3 or Larger

{Hardware} Safety Modules (HSMs) are devoted gadgets designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities customary (Federal Data Processing Commonplace Publication 140-2) used to validate the power and effectiveness of cryptographic modules. HMS has 4 ranges, with Degree 3 providing excessive safety.

PrimeXBT makes use of HSMs rated FIPS PUB 140-2 Degree 3 or larger to safeguard customers’ funds and delicate operations. These {hardware} gadgets are constructed to guard towards bodily tampering, unauthorized entry, and information leakage. With this, PrimeXBT ensures that even when a server is compromised, important information units, comparable to personal keys, will stay inaccessible.

Chilly Storage With Multisignature Know-how

PrimeXBT retains a good portion of customers’ funds in chilly wallets, that are offline storage techniques that aren’t weak to hacking since they don’t seem to be linked to the web. Along with chilly pockets storage, PrimeXBT platform makes use of a system that requires a number of registered signatures to course of transactions.

Segregated Accounts

PrimeXBT retains consumer funds in segregated accounts, that means they’re stored separate from the corporate’s operational funds. This ensures that your capital is protected and by no means used for enterprise bills, supplying you with peace of thoughts that your belongings are beneath your management and accessible always.

Unfavourable Steadiness Safety

Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform gives. PrimeXBT’s Unfavourable Steadiness Safety ensures that your account stability by no means falls under zero. Within the occasion of maximum market motion, this characteristic mechanically closes your positions to stop debt, saving you from owing greater than your preliminary funding.

Compensation Fund

PrimeXBT is a member of The Monetary Fee, an impartial exterior dispute decision physique. This membership provides PrimeXBT platform customers entry to a Compensation Fund of as much as €20,000 per declare if the buying and selling platform fails to fulfill its obligations and the Monetary Fee guidelines in your favour.

Superior Encryption

PrimeXBT makes use of superior encryption protocols, together with full SSL encryption for all private info and cryptographically hashed passwords, to guard customers additional. Each login, withdrawal, and motion is encrypted, making certain that your buying and selling account stays secure from malicious entry and cyber threats.

As mentioned earlier, PrimeXBT additionally encourages customers to activate these options so as to add safety to their accounts.

Two-Issue Authentication (2FA)

2FA provides a second layer of safety by requiring a further verification, comparable to an authenticator app code, along with your password. This provides a layer of safety to your account that forestalls unauthorized customers from gaining access to your account even when they’ve your password.

Withdrawal Deal with Whitelisting

PrimeXBT gives its clients the choice to whitelist withdrawal addresses they belief or often use for asset transfers. As soon as this safety characteristic is activated, nobody can transfer your belongings to any unlisted pockets. Any try and proceed with that switch might be blocked till you replace the withdrawal record.

PrimeXBT Regulation and Licensing

PrimeXBT is licensed by numerous entities throughout a number of jurisdictions, making certain compliance with worldwide monetary requirements and offering a safe buying and selling setting for its customers.​ Though we don’t contemplate PrimeXBT a regulated alternate as a result of it lacks regulation from main our bodies, the buying and selling platform is licensed beneath the next authorities.

Monetary Companies Authority (FSA), Seychelles: PrimeXBT Buying and selling Companies LTD is a licensed Securities Vendor beneath License No. SD162, licensed by the Seychelles Monetary Companies Authority. This license allows the corporate to supply a variety of buying and selling providers, together with cryptocurrency futures and Contracts for Distinction (CFDs). ​Monetary Sector Conduct Authority (FSCA), South Africa: Stack Advisory (PTY) LTD, the entity behind PrimeXBT in South Africa, is a licensed monetary providers supplier.Comisión Nacional de Activos Digitales (CNAD) & Banco Central de Reserva (BCR), El Salvador: PrimeXBT Buying and selling Companies, S.A. de C.V. holds a Digital Asset Companies Supplier (DASP) license from the CNAD and a Bitcoin Companies Supplier (BSP) license from the BCR. These licenses authorize the corporate to function inside El Salvador’s digital asset framework. ​Monetary Companies Fee (FSC), Mauritius: PXBT Capital Ltd is integrated in Mauritius and holds an Funding Vendor license from the FSC. This license allows the corporate to supply funding providers, thereby additional increasing PrimeXBT’s regulated operations. ​

What are the PrimeXBT Options?

The perfect alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform when it comes to tradeable belongings, KYC necessities, and different options. As an example, Bybit gives an in depth copy buying and selling device for crypto, FX, and gold copy buying and selling, inserting it on our rating of the finest crypto copy buying and selling platforms, identical to PrimeXBT.

In addition to copy buying and selling, these various exchanges provide related merchandise and buying and selling choices, like a mixture of conventional buying and selling devices and cryptocurrencies, sturdy safety features, and margin buying and selling.