Introduction to PrimeXBT and Some of its Outstanding Features

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PrimeXBT was established in 2018 and is one of the newer crypto exchanges. It is, however, a fast-growing and developing platform that has achieved record-breaking growth. It is a crypto-to-crypto exchange, where you can trade Bitcoin and also choose from the numerous asset classes and investment options available.

As a user of the exchange you can also trade Forex and CFD assets. However, you can only fund your trading account with Bitcoin, which means you need to purchase BTC before you start using the PrimeXBT trading platform.

This is a powerful trading platform that uses a customer-centric business model, offering its services to customers in at least 150 countries. People who use this exchange to trade any of the available asset classes and digital currencies can also use up to 100x leverage.

These are only some of the highlighting factors that you need to know. The rest of the impressive features and aspects of the exchange are mentioned below in detail.

What to Know About the Fee Structure of PrimeXBT?

Fee structure of an exchange is one of the major aspects you can check to determine if the platform is suitable for you to use or not. This crypto trading platform is known for offering one of the most competitive fees to the users. There is a flat commission that is charged per trade of any of the available digital currencies and asset classes.

In this brief PrimeXBT review, you can get to know about the fee structure of the trading platform.

  • Flat fee of 0.05% per trade
  • 075% market taker fee
  • -0.025% market maker fee
  • 0005 BTC withdrawal fee

Choosing a platform that has a fair and transparent fee structure is very important as it can help you grow as a trader. Therefore, PrimeXBT is quite the suitable exchange when it comes to choosing a platform with a good fee structure.

Legitimacy of the Exchange

One of the most frequently asked questions is “Is PrimeXBT legit?”. This is an important factor to know about as every cryptocurrency exchange does not guarantee security and legitimacy.

However, if you want to use this exchange you can be at ease to know that the PrimeXBT trading exchange is secure and legit. It uses cutting-edge security features to enable every user to trade digital assets in a fast, reliable and secure way.

Some of the technological security features used by the exchange are:

  • Secured socket layer (SSL)
  • Cold wallet storage
  • Two-factor authentication (2FA)
  • Secured server for web platform

Covesting Feature

PrimeXBT is widely known for one of its amazing products called the Covesting feature. This offers a much better way of trading, especially for people who are new to the crypto space. It is also an incredible feature for people who want to trade actively but are unable to do so because of a busy and demanding schedule.

PrimeXBT Covesting allows the traders to copy trade. This means the beginners can mimic the trades of the expert traders and go through the same profits and losses as the trader they choose to copy.

This feature also enables the users to get access to hundreds of trading strategies, which are provided by other traders. This is a much easier and simpler way to trade, however, it does not guarantee any profits. Any benefit that the users can enjoy would be if the traders they are copying make any profits.

Trading Application Available on Mobile

The PrimeXBT trading platform makes trading easier for the interested parties through the mobile-friendly application. It is available for the Android users and makes it easy for people to trade while on the go. The users can engage in several activities through the PrimeXBT mobile application, which are mentioned below:

  • Trading more than 50 assets across various classes
  • Using in-built charting tools to carry out technical analysis
  • Opening new accounts
  • Using three different chart types
  • Trading on six different timeframes

Tools for Analysis

It has already been mentioned above in this brief PrimeXBT review that the exchange is a powerful trading platform. It caters to the needs of the expert traders and facilitates the beginners as well.

One of the reasons why this is an impressive platform is that it supports both technical and fundamental analysis of all instruments available on the exchange.

It offers several in-built features and tools that make it easy for traders to trade whatever asset class they choose.

  • In-built charting analysis tools
  • In-built indicators
  • Easy importing of custom indicators and tools
  • Easy exporting of trading history
  • Analysis of trading history

Conclusion!

The PrimeXBT exchange is a versatile trading platform that offers its services for both the new and experienced traders. It features several in-built features and tools, some of which are mentioned above. If you are interested in using a trading platform then you should know the details of this trading platform.

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