PrimeXBT Review 2026

PrimeXBT info

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PrimeXBT Security

Website Security Features

• SSL encryption: Prime XBT‘s website is SSL encrypted
• Security checks by team: To avoid specific common attacks, such as Distributed Denial of Service Attacks (DDoS), the platform uses Cloudflare and runs constant checkups and updates on the website.
• Advanced cyber security: PrimeXBT conducts all trades on their trading platform through Amazon AWS servers in London and Frankfurt
• Bcrypt algorithm: This encryption method ensures that hackers cannot decipher sensitive information in the event of a server breach.

Account Security Features

• Two-Factor Authenticator: relatively standard for exchanges 2FA or two-step verification –  requires the client to provide a second authentication method after signing in with their password.
• Wallet Security: Prime XBT protects its users’ funds by storing most of them offline, also known as a cold wallet. A small amount is kept in the platform’s hot wallet for transactions.
• Cold wallets are multi-sig: moving funds from cold storage to a hot wallet requires the approval of multiple employees

Regulations and Compliance

While Prime XBT operates globally, it is restricted from offering services in certain jurisdictions, including the USA, Japan, Canada, and others, due to regulatory constraints. Moreover, they refrain from marketing their services in the EU/EEA or the UK.

Prime XBT is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles. The trading platform’s Global Markets & Crypto-Futures Services are provided by PrimeXBT Trading Services Ltd, based in the Marshall Islands.

Cryptocurrency-related services in Prime XBT are offered by Lithuanian-based company Baksta UAB, registered by the Financial Crime Investigation Service (FCIS) as a Virtual Currency Exchange Operator & Depository Virtual Currency Wallet Operator.

Opening an Account and Trading

Promotions on PrimeXBT

PrimeXBT has frequent offers and promotions, such as trading contests with prizes and bonuses for new and active users.

1. Deposit Bonus promo up to $7,000
2. Rewards for trading and gamification, a $5 Bonus for $100,000 of trading, $20 for $300k, and $100 for $1 million.
3. Discount Make Mondays Great with a 25% discount on every trade. Enter Promo Code: EARNMONDAYS on your Margin account
4. Invite three friends and get $60,  PrimeXBT’s referral program allows users to earn extra income by leveraging their networks
5. Invite friends calculator PrimeXBT—Below is the earnings slider calculator, which provides a clear, interactive way to gauge potential earnings.

   

   6. Trading Contests – continuous contests with 1000s of USDT in prizes and big (+65k) telegram community for discussions.

   

Aside from its innovative trading platform, PrimeXBT introduces an innovative community engagement feature. This feature allows brands and communities with a substantial following (10,000+ members across platforms like Discord, Telegram, Twitter, YouTube, etc.) to host branded trading contests directly on the platform. 

These contests, organized and sponsored entirely by PrimeXBT, provide participants with virtual funds for competitive trading, fostering user engagement and offering real prizes at no cost to the organizer. 

PrimeXBT covers all prizes and contest management expenses, including global cross-marketing efforts to amplify brand exposure. This feature grants immediate access to PrimeXBT’s extensive user base and serves as an entertaining and interactive way to involve community members. 

To initiate and tailor these contests to their preferences, interested parties can contact PrimeXBT via their support email for personalized assistance, complete with customized banners and infographics.

Starting with PrimeXBT

1. Opening an Account

Opening an account on PrimeXBT is relatively easy. To open an account, you must provide your email address and create a password. The platform will then send you an email to complete the verification. You do not need to do a KYC from the start.

Right from the start, there is a bonus of $100 for deposits above $500 if the user deposits within the first 48 hours of opening the account. This bonus can only be used for trading.

PrimeXBT Open Account. Source: PrimeXBT.com

In a nutshell, the process is as follows:

• Go to PrimeXBT.com.
• Click on register.
• Enter your email address and create a password.
• Read and agree to the terms and conditions.
• Verify your email address, deposit it, and start trading.

2. Bitcoin Deposits and Withdrawal on PrimeXBT 

Bitcoin deposits are the primary way to deposit funds into a PrimeXBT wallet, but they are limited to a few coins: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Covesting (COV).

PrimeXBT lets users deposit crypto directly from their wallets. Traders can also link their Metamask wallets to make crypto deposits. Here are the steps to follow:

• Navigate to the “Accounts” page of your account and click the blue ‘Deposit’ button
• Choose your deposit currency (BTC, ETH, USDT, USDC)
• Select the destination of your deposit (Global Markets or Crypto Futures trading accounts)
• Select network (ERC20, BEP20, TRC20 [Only USDT and USDC])
• Copy the deposit Wallet address
• Paste the address into the destination field on the website or wallet service from which you are sending funds

Bitcoin Withdrawal

• PrimeXBT manages cryptocurrency balances in its online hot wallet conservatively and processes pending withdrawals once daily, typically between 12:00 and 14:00 UTC.
• Withdrawal requests made before 12:00 UTC are typically processed on the same day, while those submitted after 12:00 UTC are processed the following day.
• The trading platform says it retains the authority to manually review withdrawal requests if they trigger a suspicious activity alert. Such reviews may cause a delay in the withdrawal process until completion and approval.
• Each account on PrimeXBT is subject to a 24-hour withdrawal limit of $20,000 or its equivalent in other currencies for all submitted withdrawals combined. This limit can be lifted by verifying one’s account.
• Withdrawal Wallet Checks: PrimeXBT conducts a mandatory white-labeling of Bitcoin addresses to prevent users from transacting with wallet addresses that may have been hacked. 

3. Buying Bitcoin with Third Parties on PrimeXBT

PrimeXBT accepts deposits via credit and debit card using third-party suppliers like Coinify, Perfect Money and Volet, depending on your geo. Buying cryptocurrency through platforms like PrimeXBT can sometimes involve third-party services, which might seem complex initially but generally becomes more manageable over time. Here is the process of buying crypto with third-party providers, specifically through Coinify, when using PrimeXBT.

You can buy between $100 and $1070 USD, pay around 2.5% handling fee (minimum 4.99 USD), and have a price guarantee timeline of 13 minutes.

First-time users must decide how much bitcoin they want to order and need to open a Coinify account. If you choose to adjust the purchase amount from, for example, $500 to $1000, you’ll need to restart the transaction process, which includes re-entering your address and other relevant details.

Onboarding on Coinify

Step 1: Understanding the Role of Coinify
When you select the “Buy Crypto” option on PrimeXBT, the first step involves creating an account with Coinify. Coinify serves as a crypto payments provider, which means that instead of PrimeXBT handling the crypto transactions directly, they partner with Coinify to process these transactions.

Step 2: Opening an Account with Coinify

• KYC Verification: Upon agreeing to make a profile with Coinify, users must undergo KYC (Know Your Customer) verification. You will need to provide documents that verify your identity.
• Choosing Account Type: Once you start the registration process, you must decide whether your account will be personal or business. This choice is crucial because once you advance past this point, you cannot go back to change it.

Step 3: Navigating Dual Sign-On
Users face a dual sign-on process after setting up an account with Coinify: two separate logins are needed for the same URL — one for PrimeXBT and another for Coinify.

4. Other ways to onramp on PrimeXBT

• Direct USD deposits: The trading platform accepts direct USD deposits from personal AdvCash,  Volet, or Perfect Money Wallets, although this feature is only available for users with a verified account.
• Local Payment Methods: Users in certain regions, such as Thailand, Vietnam, and Brazil, can send money to PrimeXBT through local payment platforms.
• Bank Cards: PrimeXBT’s buy crypto option allows users to purchase BTC, ETH, USDT and USDC via a third-party exchange service named Baksta. Transfers to your PrimeXBT account made through Baksta are free of network commissions.
• Bank transfers: Like credit and debit card deposits, bank transfers are limited to 190 – 53530 USD, have a 1% handling fee (minimum 4.99 USD), and take 1-3 business days to reflect.  

5. PrimeXBT Fees

PrimeXBT has a transparent fee structure consisting of only two types: trade fees and overnight fees. Trade fees are charges incurred upon entering a position, while overnight fees are those paid to finance the position overnight. The trade fees are as follows:

• Cryptocurrencies: 0.05%
• Forex, Indices, and Commodities: 0.0001%

The crypto exchange’s website showcases a list of fees on its fees tab, which features several trading pairs for crypto futures, global markets, and copy trading—something intraday traders would highly appreciate.

PrimeXBT offers a competitive trading fee ranging from 0.0001% to 0.05%, significantly lower than many comparable Contracts for Difference (CFDs) brokers. This is a substantial advantage for traders utilizing the platform.

The platform offers discounts for users who frequently use it, judged by a 30-day rolling trading volume. Traders transacting between 300 and 600 BTC receive a 25% discount on the standard rates. Moreover, those trading over 600 BTC benefit from a 50% discount on the platform’s current fee structure.

Withdrawal fees on PrimeXBT are as follows: 

• 0.0005 BTC
• 0.002 ETH

For USDT, USDC and COV the withdrawal fees vary depending on the network used: 

• ERC20: 10 USDT, 10 USDC, 5 COV
• BEP20: 0.8 USDT, 0.8 USDT, 2 COV

PrimeXBT Features

The trading platform has a user-friendly interface infused with all the tools a trader needs to do business. Its top menu showcases the following tabs:

1. Accounts: Allows you to switch between and manage different trading accounts.
2. Trade: Access to the trading platform where you can execute trades.
3. Buy Crypto: Option to purchase cryptocurrencies.
4. Copy Trading: Allows users to copy the trades of experienced traders.
5. Contests: Access to trading contests.
6. MetaTrader 5 (MT5): Integrated support for the MT5 platform and Expert Advisors (EAs).

Trading on PrimeXBT, an all-in-one trading experience

PrimeXBT serves as a versatile trading platform facilitating cryptocurrency trading. Yet, its scope transcends digital assets. With an expansive array of Forex pairs spanning major, cross, and exotic pairings, alongside options to trade Commodities and Indices, PrimeXBT caters to diverse investor preferences across traditional asset classes. 

Customization and Charts

PrimeXBT is designed around customization options for traders, or widgets. Users can insert panels on the homepage, including ongoing trades, charts, orders, and messages. You can use several charts on several trading pairs, including BTC/USD, forex, or S&P 500.

Each chart window displays:

• Sell/Buy prices for the asset.
• Time selector (e.g., 5m for 5 minutes) to change the chart’s time scale.
• Tools for chart analysis like trend lines, indicators, etc.

Market Price and Order Entry

Each market section on the platform has an area to input trade orders, specifying the amount and whether it’s a buy or sell order.

For traders who might want to make orders above $50K, they must undergo another verification process, which involves opening another account and verifying it through an email sent to the address used to create the account.

Copy Trading

PrimeXBT allows users to automatically replicate the trading strategies and actions of experienced traders through copy trading. This is particularly useful for novice traders or those who prefer a more hands-off approach while still actively engaging in trading markets.

Copy trading comes with the following merits:

• Leverages Expertise – Allows less experienced traders to benefit from the expertise of seasoned traders.
• Saves Time – Automates the trading process, saving time on market research and trade execution.
• Diversification – Enables users to diversify their trading strategies by following multiple traders with different approaches.
• Control and Flexibility – Users can usually start or stop following a strategy anytime, offering flexibility and control over their investment

PrimeXBT Supported Currencies

Cryptocurrencies are just a fraction of the PrimeXBT investor toolkit, but they offer quite a few.

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