In the battle between top trading platforms, fierce competition ensues throughout the cryptocurrency market. Cryptocurrency traders seeking to maximize their opportunities to profit across different speculative assets have leaned heavily into margin trading platforms. One such platform is PrimeXBT.
PrimeXBT has some unique characteristics and features that let it stand out from other platforms in the market, ones that others cannot compare to. The purpose of this review is to inform and educate the reader about PrimeXBT, helping them figure out if it is worth considering, and educating them on how to get started once they have made a decision to sign up.
Benefits Of PrimeXBT
This Bitcoin-based, ADVFN award-winning margin trading platform offers up to 1000 times leverage on stock indices, cryptocurrencies, forex, and commodities.
PrimeXBT’s key features and benefits include:
- Very Fast registration
- Easy withdrawals (bank-grade security and address whitelisting included)
- Technical software that is built-in and features key indicators
- Requirements for minimums are low, as are the deposit minimums
- 100x times leverage on commodities, stock indices, crypto
- 1000X leverage on gold, silver, and forex
- Bonus revenue streams (CPA offers, referral programs, etc.)
- Stop loss and take profit orders
- Superb trading engine and top of the line security
- Advanced and innovative tools that separate this platform from others
- Live customer service available 24/7
- Free demo accounts
- A very easy registration process
- Educational materials provided
These factors make PrimeXBT an ideal platform and highly recommended for new users. The wide array of available tools makes it equally satisfying, interesting and appealing to seasoned users as well.
Let’s take a deeper look at some of the platform’s key aspects.
Registration
The registration process could not be simpler. The only required personal information to register is a valid email address and the country of residence. After that, it’s just a matter of setting up a username and password and confirming your email address. Once that is done, you are ready to start making your first deposit.
Deposits
All deposits must be made to a BTC address as the accounts are denominated in BTC. There is a minimum required deposit of 0.001 BTC.
Once the Bitcoin deposit is confirmed, the funds become available. You can also utilize a third-party service called Changelly to make additional deposits.
The trading account must be funded once deposits start being made. This will be a good tool in assisting you to keep some capital separate from what is available in the trading account for margin.
Withdrawals
The important thing to remember about the otherwise simple withdrawal process is to only send funds to another BTC address. If funds are sent to an alternate cryptocurrency address, they could be lost.
Withdrawals are processed once daily. These are added to a queue throughout the day until the processing window is closed, and they are formally addressed. Withdrawals that are pending are able to be canceled until the rollover window ahead of processing is reached.
Trading
The trading terminal is highly customizable to the trader’s preferences. The terminal includes a good variety of widgets such as watch lists and charts that included built-in analysis software, as well as top-rated trading indicators such as Parabolic SAR, Ichimoku, and RSI, along with many others.
Both long and short positions can be opened at once for hedge positions, allowing the trader to profit from any way the market turns. The orders execute quickly and with minimal errors. The trading engine can be counted on for reliable uptime of as much as 99.9%.
Traders can maximize their profits and minimize their risks with stop loss and take profit orders.
Assets
PrimeXBT offers more than 50 unique assets including:
- Various cryptocurrencies (Bitcoin, Ripple, Ethereum)
- CFDs for major stock indices (DAX 30, S&P 500, and ASX 200)
- Commodities including WTI Crude Oil, natural gas, Brent
- Precious metals such as silver and gold
- The most popular forex currency trading pairs across AUD, USD, JPY, and others
This variety offers an unrivaled opportunity for the most diversified portfolio and more opportunities for obtaining profits than competitors. Considering how attractive traditional markets are currently to traders, PrimeXBT becomes a proposition of exceptional value.
Referral Program
PrimeXBT’s opt trader has already been able to generate over 50 BTC, according to our leaderboard. As a referred trader brings new traders to the platform, and those referrals bring in another layer of referrals, the original client to make the initial referral continues to reap the benefits of up to four levels of commissions. The layers apply to the number of referrals removed from the original referrals.
PrimeXBT also uses CPA offers and exclusive ambassador relationships. These are complete with personal customer care representatives.
Customer Service
PrmeXBT offers a live 24/7 customer service conducted through online chat. Representatives are prepared to assist the trader with any platform use issues.
There is additionally a help center available. The help center provides guides, regular updates, and makes additional information available on the company blog. Additional assistance can be provided via PrimeXBTs official social media accounts.
Security
PrimeXBT’s site takes extensive measures to prevent disruptions of DDoS attacks by using Cloudflare technology, as well as being encrypted. Withdrawals have enabled whitelisting and accounts are kept more secure with the use of two-factor authentication. However, the top security measure is the fact that almost no personal information is collected.
Turbo
Turbo is an interesting new tool launched recently as a separate platform from PrimeXBT, and it deals with short duration, synthetic Bitcoin contracts. Traders are able to simply select an UP or DOWN contract, and within either a 30 second, one minute, or five-minute window, book either a profit or a loss.
In markets where the defined trend is largely lacking or tightly ranged, this tool can prove to be especially interesting.
Summary
Recently PrimeXBT won several awards, including the ADVFN one for Best Bitcoin Margin Trading Platform.
PrimeXBT can provide traders with a competitive edge that few other platforms can, thanks to its ultra-fast registration process, profitable tools, and a wide array of digital and traditional assets.
If you are an active and interested trader, sign up today for a free trading account and use the many available tools to help you start profiting with PrimeXBT.