PrimeXBT Review – How Does This Crypto Platform Stack Up?

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By Alex Halstedt

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Primexbt Review

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PrimeXBT Review

  • Trading Platform
  • Ease of Use
  • Fees
  • Trading Tools
  • Platforms Offered
  • Customer Service
  • Platform & Account Security


If you’re involved in the cryptocurrency industry you know how important having the right exchange can be. PrimeXBT is a KYC-free cryptocurrency exchange. This exchange offers a variety of markets, such as cryptocurrencies, Forex, Indices, and Commodities. It also offers different cryptocurrency assets, such as Bitcoin, Ethereum, Litecoin, EOS, and Ripple. Learn more about this exchange and if it is the right choice for you in our review of PrimeXBT.


Leveraged trading; Allows customers to trade Crypto, Forex, Commodities, and Indices from the same platform; Extensive Referral Program; No KYC to open an account.  


Some aspects of the trading platform can feel clunky or confusing due to the design; The chart on the trading window isn’t the easiest chart to read.

With the cryptocurrency industry seeing exorbitant technological breakthroughs and interest from new speculators, traders, and investors, many consider now to be a great time to get into the markets. Inevitably, new users (and veterans alike) will have to face the daunting task of having to choose a cryptocurrency exchange that meets all of their needs as an individual. There are many to choose from, such as and Gemini Exchange, and then there’s the one we’ll look at now – PrimeXBT.

PrimeXBT is a KYC-free exchange that might be the antidote to the crypto trader blues, offering a range of services that may meet some user’s needs (especially the seasoned traders) quite sufficiently. With that being said, what kinds of services does PrimeXBT offer, and is it considered a safe and legitimate exchange? We’ll take a closer look in this review of PrimeXBT.

Primexbt Main

A Brief History Of PrimeXBT

PrimeXBT was established in 2018, amidst the aftermath of the historic 2017 bull run. The exchange was founded with the aim of providing a safe, liquid,  and intuitive trading platform for cryptocurrency traders. The exchange sees an average trading volume of $545 million over a 24-hour time window. PrimeXBT Trading Services Ltd is a registered company in Seychelles, with Prime Technologies Ltd. registered in St. Vincent and Grenadines (an island in the West Indies). 

PrimeXBT Product Offerings

The exchange offers a number of different markets to trade, including: 

  • Cryptocurrencies
  • Forex
  • Indices
  • Commodities  

Regarding cryptocurrencies, PrimeXBT offers the ability to trade digital assets such as: 

All of these offerings are tradable against BTC and USD (using BTC or USD as the base currency upon which the trader trades against, and back into). 

PrimeXBT Platforms And Services

While PrimeXBT is a fairly ergonomic website, they do offer a few different services on their exchange platform to assist and satisfy the customer in multiple different ways.

PrimeXBT Trading Platform

The first (and main) service is their XBT Trading Platform, which allows customers to trade over 30 assets (including crypto and the other assets mentioned previously). 

Primexbt Trade

One of the unique things about the trading platform is that it allows users to trade crypto with 100x leverage. While trading with leverage can be highly risky, the educated and well-practiced trader can put leverage to use as a handy tool to maximize profits. 

Customers are able to customize the dashboard of the trading platform window with widgets that provide instantaneous services depending on the customer’s preferences. 

From the same trading platform window, customers are also able to trade forex, indices, and commodities. This can be a very handy feature for the trader that wishes to trade and capitalize on the action of multiple markets, instead of being limited to one sphere of trading. 

Turbo Market

Another service offered by PrimeXBT is their Turbo market, which is essentially a market that allows customers to place bets on market movements (Up or Down) over a small duration of time (1-15 minutes). This market is limited to the movements of BTC/USD; ETH/USD; and the number of different Forex offerings listed on the exchange, including: AUD/JPY; GBP/CHF; USD/CAD; and more. With this, users are able to make upwards of 70% potential profit, though it could be argued that this style of “trading” is a little riskier. 

Primexbt Turbo

Covesting Platform

Another interesting feature offered by PrimeXBT is their Covesting platform. This essentially allows customers to create their own funds, into which other users can join and also profit from. In a sense, this style of trading/investing is similar to the type of investments made with traditional ETF brokers, where a custodian (in this case, the creator of the fund) is in control of the fund’s actions, with the results of said actions being reflected to every investor who took part in the fund. 

Users can create funds using any of the offerings found in PrimeXBT’s marketplace. Customers can also withdraw from the fund at any time. This may be a good way for the passive trader to earn while not having to do much, though it must be said that a great deal of trust must be placed on the fund creator that they actually know what they are doing, as the customer’s fate lies in the hands of the fund creator. 

Primexbt Covest

Referral Program

PrimeXBT also offers an extensive Referral Program, allowing users to generate more income, while the exchange is able to add more liquidity into their market by incentivizing the referral of new users. With this program, users are able to earn up to 50% of the trading fees their referrals pay for every trade, with the percentage of profits organized in a 4-tier hierarchy where users can earn on referrals that their own referrals have brought to the platform. PrimeXBT allows users to have lifetime access to referral profits. 

Primexbt Referral And Affiliate

Primexbt Referral

PrimeXBT Fees And Limits

Every experienced trader knows that fees can sometimes make or break a trader (or at least seriously eat up profits). Fortunately, PrimeXBT offers a flat-fee of 0.05% for every trade made. This straight-forward approach helps clear up any confusion about how much the trader will have to pay to execute their trades and positions properly. 

With that being said, like most leveraged markets, PrimeXBT charges fees to keep leveraged positions open after a set duration of time. The fees for each cryptocurrency offered differ, and can be seen here:

Primexbt Fees

While trading cryptocurrency, PrimeXBT does have some limits regarding the Minimum/Maximum amounts a trade can trade. This information can be seen as follows:

Primexbt Limits

PrimeXBT Customer Support And Resources

PrimeXBT has a few different resources for customers, depending on the type of information for which they are searching. For official news regarding the platform, PrimeXBT has a Press and Media section, allowing customers to read up on new services and offerings on the platform. 

Primexbt Press

For more in-depth articles, PrimeXBT has a Blog which, unlike the Press and Media section, only features official articles written and published by PrimeXBT.

Primexbt Blog

A Help Center is available, and features an in-depth FAQ section covering the various services offered on PrimeXBT. Users can also find overviews on how the platform and user interface work, as well as tutorials about making deposits; withdrawals; how to create/cancel an order, and more.

Primexbt Help

For more individualized help, a Live Chat is available 24/7, offering responses in as little as 5 minutes. For all other help, customers are able to contact PrimeXBT’s support team at:

Is PrimeXBT Trustworthy?

For the most part, it seems that PrimeXBT is trustworthy, despite being a KYC-free exchange. The exchange has a number of different protocols in place to help ensure the safety and security of their customer’s accounts. These protocols include features such as:

  • 2-Factor Authentication
  • Cold storage of user funds, with hardware maintained at a security standard of FIPS PUB 140-2 Level 3 or higher
  • Around-the-clock IT network analysis
  • Whitelisting of withdrawal Bitcoin wallets
  • Encrypted SSL
  • Encrypted passwords
  • Cloudflare protection against DDoS attacks 

While these features are certainly the bare minimum, it must be said that PrimeXBT does offer more protection than other exchanges seen in the cryptocurrency space.

Opening An Account On PrimeXBT

The services offered by PrimeXBT are not accessible to citizens of the following countries: 

  • Algeria
  • Crimea and Sevastopol
  • Cuba
  • Ecuador
  • Ethiopia
  • Iran
  • North Korea
  • Quebec (province of Canada)
  • Sudan
  • Syria
  • The United States of America
  • Any other country/region placed under US sanctioned embargo 

The process of opening an account on PrimeXBT is extremely easy. This is mostly due to the fact that PrimeXBT does not require Know-Your-Customer information (such as the customer’s address and other identity-verifying documents) to open an account. 

To start, the customer only needs to enter a valid email address, a secure password (preferably not used anywhere else), and to agree to PrimeXBT’s terms and conditions.

Once this has been done, the user then must verify their email by opening their email inbox and following the link sent by PrimeXBT. From here, customers can deposit BTC and begin trading on the platform. 

It must be noted that PrimeXBT can ask you for KYC information at any given time, as stated in their terms of service.

Primexbt Register

Primexbt Register And Welcome

Conclusions For PrimeXBT

PrimeXBT has been making a reputation for itself as a viable exchange for many different types of traders. The addition of other markets outside of cryptocurrency helps to cater to those who wish to trade other markets, without the necessary hassle of having funds on multiple different exchanges.

There are a few drawbacks with PrimeXBT, and one of them is that, due to their minimalistic approach, it can be a little confusing on how to actually create buy/sell orders (other than Market orders) on their trading platform. Another drawback related to the last is that a Market order is the default order type, with the convenience of placing Market orders being made readily available in multiple locations, almost encouraging the user to use Market orders instead of being able to plan for a position using Limit orders. 

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Alex Halstedt

Since 2012, Alex Hastedt has been fully immersed in the world of cryptocurrency. Since then, he’s continually educated himself on the latest developments within the crypto space. With over 3 years of formal business education, as well as over 5 years of trading experience (with over 400 hours of education), Alex commits to providing honest assessments of cryptocurrency projects and exchanges. It has become a personal mission of his to help educate those who may be new to the space, that they may not fall prey to poor decision making and other potential pitfalls he has witnessed others experience.

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