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PrimeXBT Crypto Exchange: A Comprehensive Review
PrimeXBT is a leading cryptocurrency exchange that has gained significant popularity among traders worldwide. In this review, we will explore the key features, benefits, and drawbacks of using PrimeXBT for your cryptocurrency trading needs.
User Interface and Trading Experience:
PrimeXBT offers a user-friendly and intuitive trading platform that caters to both beginner and experienced traders. The platform provides a wide range of trading tools, including advanced charting features, order types, and risk management tools. The smooth and responsive interface ensures a seamless trading experience, allowing users to execute trades quickly and efficiently.
Asset Coverage:
One of the standout features of PrimeXBT is its extensive asset coverage. The platform supports a diverse selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. Additionally, PrimeXBT offers leveraged trading,...
PrimeXBT has a rating of 4.7 stars from 333 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with PrimeXBT most frequently mention crypto futures, support team and high leverage. PrimeXBT ranks 6th among Investing sites.
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Made payment by crypto but didnt have the wallet, and took some time but support guided me through the process! Recently made a withdrawal by the same method, it's quick.
I recently almost got liquidated, but fortunately I survived. I didn't panic because reading their market overview about the flash crash gave me a peace of mind fr.
Hi Jabulani S.,
Thank you for sharing your experience. Your feedback is invaluable to us and plays a crucial role in improving our services.
We are pleased to hear that our market overviews helped you navigate the recent flash crash with greater confidence. Providing timely insights and analysis is part of our commitment to supporting traders in making informed decisions, especially during periods of high volatility.
If you ever have any questions or need additional guidance, please feel free to contact our customer support team at any time.
Kind regards,
The PrimeXBT Team
Once you pass the chatbot questions and reach out to talk with a real agent, the support experience is much better! Idk if it's only me, but I don't like chatbots
Hello there Nhlanhla F.,
Appreciate your honest feedback!
We understand that many traders prefer speaking directly with a real person instead of going through a bot. The chatbot is mainly there to speed up answers for simple questions, but once connected with a live agent, our team is always ready to provide fast and personal assistance.
Glad to hear your support experience was a positive one once you got through. We’ll continue to work on making that transition smoother!
Kind regards,
The PrimeXBT Team
It might not suit swing-positional traders because funding rates are quite high there which is a downfall. However, cranking leverage up to x200 on BTC and ETH is outstanding feature.
Greetings Bilal C.,
Thank you for sharing your perspective.
We understand that higher funding rates can be a concern for some swing-positional strategies, and we appreciate your honest feedback. At the same time, we are pleased to hear that you value the availability of up to 200x leverage on BTC and ETH, which is designed to provide traders with greater flexibility and opportunities in volatile markets. Your input helps us continue improving our trading environment.
Kind regards,
The PrimeXBT Team
I can say my xp with this broker is nice one. I am not total beginner, and have solid XP with other crypto trading apps. Maybe that's why i like primexbt even more:)
Good things I see so far:
- simple interface, easy to use trading app
- fees are noticeably lower compared to others
- deposit and withdraw go smooth like a knife through butter :)
Hey there Junaid K.,
Thanks a lot for sharing such detailed and honest feedback!
It really means a lot to us when experienced traders like you point out the things that make PrimeXBT stand out. We put a lot of effort into keeping the app simple and user-friendly without cutting back on the powerful tools behind it. Hearing that you find the interface smooth, fees fair, and payments seamless really makes us proud. These are exactly the areas we aim to excel at. We’ll keep working on making the app even better so every trade feels effortless for you.
Enjoy your trading journey with us, and if you ever need tips, new features explained, or just want to share more feedback, we're always here to listen!
Kind regards,
The PrimeXBT Team
When I first started trading with prime xbt... I couldn't help but notice that even though the broker is not as been as big exchanges, I had no problems executing 10k + orders using futures. I guess they quite a lot of market makers here after all. It's especially useful for trading low market cap altcoins when they pop up
Hi there Sipho S.,
Thanks for sharing your thoughts!
It’s great to hear that your experience with execution has been smooth, even with larger orders. At PrimeXBT, we do work with multiple liquidity providers and market makers to help ensure fast and reliable execution, which really matters when trading volatile or low-cap altcoins. Many traders notice that being able to execute sizeable orders quickly gives them more confidence and flexibility in their strategies, especially during market spikes.
Your observation highlights one of the key benefits of trading here: consistent execution speed that supports both high-volume and opportunistic trades.
Kind regards,
The PrimeXBT Team
I wouldn't use them myself, but to any beginners out there, I think it's a very good opportunity to study and learn something that is directly applicable to the broker they're trading with. The stuff's decent, i read a cople myself. Even for OGs out there, trading conditions are legit
Hello Lakshman R.,
Thank you for acknowledging our educational resources and sharing your perspective with the community.
We truly appreciate you taking the time to review our tutorials and recognizing their value for newcomers to trading. Our educational content is designed to provide practical, applicable knowledge that traders can immediately implement on our platform, helping bridge the gap between theory and real market execution. Your endorsement as an experienced trader who finds our trading conditions legitimate speaks volumes, especially when combined with your recognition that even seasoned traders might discover useful insights in our materials. This balance of robust educational support and professional-grade trading conditions reflects our commitment to serving traders at every stage of their journey.
Whether you're exploring advanced strategies or helping newcomers get started, our support team remains available to ensure everyone gets the most from their PrimeXBT experience.
Kind regards,
The PrimeXBT Team
Unbelievable! I changed my broker three months ago and the change is really huge. Covesting lowkey saved my life a few times when i didn't have any trade ideas
Hello there Syed S.,
Thank you so much for your trust.
We’re delighted to know you found our platform suitable for your trading.
Your words are very valuable to us, ensuring that we’re on the right track with what we offer. We always prioritize the opinions of our traders, as they’re considered to be a true growth engine for our platform. We ensure every trader has an opportunity to trade what they want and how they want, while doing it on a constant basis.
That’s why we offer a big range of trading modes, assets and platforms, such as copy trading, which connects both strategy providers and followers, providing the entries even when ideas are not sparkling.
We wish you consistent and continued trading on our platform! It’s an honour for us to have you on board.
Kind regards,
The PrimeXBT Team
I've reached out twice for help, and they always respond fast. No chatbots.
The chat is quite difficult to find in the platform tho
Dear Kamarul N.,
Thank you so much for sharing your experience with our customer support.
We’re glad to know you like their fast responses and human presence.
Indeed, we use only real support agents, leaving the generic and general answers for our FAQ section. It’s our mission to assist traders in every challenge they might face in their trading process. Regarding the location of the live chat button, it’s in the left corner, highlighted by a blue flag, where traders can choose the preferred communication method, such as live chat, phone line or Telegram messenger, directly getting in touch with our agents.
Feel free to try out, once you need any assistance!
Kind regards,
The PrimeXBT Team
Forex currency trading is too hard, imo.
ETH re-testing 3000 was so easy to predict though., as well as BTC breaking out above $110k
Love how easy it is to trade here.
Hi there Kareem L.,
Thanks for sharing your thoughts. We’re glad to hear you’re enjoying the simplicity of trading on PrimeXBT!
We totally get that forex can feel complex, especially with macro factors constantly in play. That’s why we aim to give traders access to a broad mix of markets: crypto, indices, FX, commodities, so you can lean into the assets you read best (like ETH or BTC 📈).
We’ve built PrimeXBT to be as streamlined and flexible as possible for every type of trader.
Keep trusting your setups, and if you ever need assistance, our 24/7 support is just a click away!
Kind regards,
The PrimeXBT Team
Make my payments with binance pay and the process is a lot more convenient, would still be nice to have a wallet that I can keep funds for either trading or withdraw easily imo
Hello Lwazi K.,
It's great to hear that Binance Pay has been working smoothly for your transactions—convenience is a key factor behind our decision to integrate multiple payment options, allowing our traders to find the one that fits their personal workflows.
Please note that PrimeXBT offers a wallet feature, allowing you to securely store funds for both trading and withdrawals. You can deposit into your wallet, hold your assets there, and transfer them to your trading account whenever you're ready to enter the market or withdraw directly from your wallet with ease.
If you need any guidance on using it to further streamline your workflow, please let us know. We're always here to help keep things running efficiently for you!
Kind regards,
The PrimeXBT Team
I feel like we will have a spike higher during this summer, so i opened a long position on bitcoin. And what i like about trading crypto futures here is the fees, as they are low compared to other platforms. I was charged only these fees so far;; - maker fee of 0.01 percents
- taker fee of 0.045 percents That was it, they didn't charge any hidden fees.
Hello Santiago M.,
Thank you for sharing your trading insights with us and highlighting the transparency of our fees!
It's great to hear you're taking advantage of the crypto futures market using our platform, and it's even better to know that our low, transparent fee structure is adding real value to your strategy.
By offering fixed maker and scalable taker fees, we're committed to keeping trading costs competitive and straightforward with no hidden charges.
Wishing you all the best with your long positions this summer—we're excited to see where the markets go right alongside you!
Kind regards,
The PrimeXBT Team
Idk if everybody made the comparison, but the fees really differ on binance and primexbt! And yeah, the fees in primexbt all together are less than 0.5%..
Hi there Khai B,
Thank you very much for your review.
It’s an honour for us to know that our service is compared to top-tier crypto exchanges in our favour🙂
We focused on providing more accessible trading services to ensure every trader will benefit from their experience at our platform. You’re right; trading costs for crypto futures are only 0.01% maker fee and 0.045% taker fee, which, in the case of taker, can be even lower if you trade with larger than $5mln monthly volume.
Again, thank you for your feedback, and may your trading be successful!
Kind regards,
The PrimeXBT Team
From the crypto platforms, its prob the safest one. Has regulations! Has official offices, has broker standing.
But from other non-crypto brokers, its not that much better there
Hey Andile M.,
Thank you for sharing your honest and thoughtful review!
We’re glad to hear that you recognize PrimeXBT as a reliable and secure platform in the crypto trading space. Transparency, strong operational standards, and offering high-grade regulations are things we take seriously—so it’s great to see that reflected in your experience.
We also appreciate your comparison with traditional non-cryptocurrency brokers. We’re continuously working to improve our services by adding more features, enhancing compliance, and improving the overall experience of our traders to meet—and exceed—industry standards.
If there’s anything specific you’d like to see or suggest, we’re always listening. Thanks again for being a part of the PrimeXBT community!
Kind regards,
The PrimeXBT Team
This broker is versatile in providing various assets for trading. Yeah, it's good that I can trade conventional assets like forex commodities and indices. But my focus is on crypto futures, the function of crossed and isolated margins have made my trading process easier and more efficient. Currently I'm focused on trading altcoins since there is a bullish trend.
Hey there Gael T.,
Thanks for sharing these insights into your personal approach to trading on PrimeXBT!
Features like different margin modes for perpetual cryptocurrency futures are absolutely essential in making sure that our platform is highly versatile and suitable for different trading styles. Your confidence in choosing the right tools is commendable—we’re glad to hear that you were able to find a way to take advantage of our features.
Please make sure to message us if you have any questions or would like to provide further feedback—we’re always here for you!
Kind regards,
The PrimeXBT Team
I could notice only taker and maker fee that i have to pay, which are 0.01% and 0.045% respectively. Yeah, you can feel those fees if you scalp your trades...
Hello there Nathi T.,
We greatly appreciate your feedback and the opportunity it provides us to improve our services.
You're correct—our futures trading model operates on a maker-taker fee structure. While the base rates are 0.01% for makers and 0.045% for takers, it's important to note that taker fees can decrease based on your trading volume. This tiered structure is designed to support and reward active traders. Still, we fully understand that for strategies like scalping, even small fees can have an impact over time.
We’re always working to keep our trading conditions competitive, transparent, and suitable for various trading approaches. If you have any questions or need assistance, our support team is available anytime.
Kind regards,
The PrimeXBT Team
In fact, I even had a friend who was in forex for 5 yrs trade this, and he found it hard;-o But fees are low, and withdraw in crypto is super-nice
Dear Sibusiso D.,
Thank you for telling us about your experience!
Cryptocurrency transactions can be a fast and cost-efficient way to withdraw your hard-earned profits. Hearing that you’re finding it convenient means a great deal to us.
Even though we’re doing our best to make sure the platform is accessible to traders with all levels of experience, we understand that some people might have a more challenging time navigating it.
In this case, practising by utilizing one of the available demo accounts may give you the amount of practice needed to get comfortable with the available features and execute your orders with more confidence.
We wish you successful trading!
The PrimeXBT Team
Tried this platform and almost passed ou from being too overwhelemed. Still figuring things out, but it's got some great features you know: -Smooth trading experience—when I deposit, it actually reflects -Good analytics that i can stare at all day -Wish the interface came with a manual to navigate -Some fees are high but others affordable
Hello Sipho K,
Thank you for sharing your experience with PrimeXBT.
We understand that getting used to a new platform can be a bit overwhelming at first, especially with the range of features we provide. We're glad to hear you’re finding value in our smooth trading execution and the quality of our analytics. Your feedback regarding the interface and fee structure is appreciated. We're continually working to improve user experience, and we might take your suggestions into consideration.
In the meantime, feel free to reach out to our support team at any time—they’re always available to guide you through the platform and clarify any questions. We're here to support your trading journey every step of the way.
Sincerely,
The PrimeXBT Team
I finally found a broker that doesn't mess with my trades! Orders execute instantly, spreads are fair, and withdrawals - pretty fast!
100% worth it!
As a beginner trader The demo account is one of the first accounts of the broker i would get to experience and this platform is dope.
Hello Sultan,
We’re happy to hear that you’re enjoying the demo account! It’s a great way to explore the platform and practice trading without risk. If you ever have any questions or need assistance, feel free to reach out to us at [email protected]. Wishing you a smooth and successful trading journey!
Best regards,
PrimeXBT Team
Answer: In a nutshell, this helps you to reduce exposure and allows you trade separately from cross mode.
Answer: You meant their custom trading app, or as they call it: the PXTrader. Look, the easiest way to answer your question is just to tell you to give it a try, test it. I’m sure it’s gonna be one of the easiest trading apps you have ever traded with. Srsly it is. Clean design and excellent functionality. Charts are powered by TradingView, so when doing tech analysis or looking for indicators, it’s much easier because you don’t need to learn anything new. Of course, if you have experience with TW. But even if not, still it’s much easier than binance for example. What i also like is that almost everything on the app is customizable, charts, screens, colors… everything. Plus, no need to download and insalatis you can use it as a web-based app and the performance is the same as you installed it on your device. I am really surprised why traders would choose to trade with MT5 when such a great app is already available at primexbt
Answer: Manually? You mean with market orders? You pay with taker fees broodie... It’s quite expensive to be honest, I don’t know why people are still trading with such orders, when the platform offers limit orders where we can pay less for maker fees. I personally never open market positions, only pending limits and that’s how I save some money avoiding high trading-costs.
Answer: I might be wrong on this one, but I have only seen this on crypto futures. For cfd trading, different type of margin allocation is used, and you can see the requirements in a pricing sheet.
Answer: Absolutely, why not? Primexbt is a multi regulated platform, which by default tells us that several financial jurisdictions believe in their trustworthiness and make sure to audit and check them every once in a while. If that was illegal, they wouldn’t get even a single one. When it comes to futures I saw several big brokers who have cfd assets and futures at the same time, BUT, those were futures mainly for indices, gold and etc, whereas here they give you the access to crypto futures. Yes, that’s some kind of a different which essentially makes them unique, but there is nothing wrong with that. I’m trading there both futures and cfd forex pairs (when London session kicks in). All in all, the experience so far is great man.
Answer: Well, it all depends on your style, right... Are you more of a crypto enthusiast? Then, perhaps crypto futures mode is the best for you... if you ask why, well, it has high leverage there, that you can adjust as per your needs, but be careful not to overleverage, I recently was told by my trading pal that he overtraded and even though his initial prognosis was right, he lost, because of the leverage, i mean the price first went agaisnt him, and his SL was triggered, had it been less leveraged, the loss would be minimal... anyway, cyrpto futures makes sense right now, as whole crypto market is booming... Also, the broker there have special VIP program, where if you reach ceertain volume, (i mean trading) then u will get more attractive fees, coz on crypto futures mode there are taker and maker fees... but if you prefer traditional markets, well, then trade them, lots of CFDs on different markets are there. You can trade from web or PC desktop, I would recommend to keep both web based and desktop versions... but again, depends on your preference, web based works well, though it is on web, it does work pretty well
Answer: As with all things, it depends how you appraoch it. If you don't take the time to do a deep dive and study different traders on the platform, and instead go for the one with the highest profit indicator... you're probably not going to last very long, amma be real with you. Copy Trading is as, if not more, serious than manual trading and should be done with a thorough understanding of what makes a trader worth investing long-term or not. Yes, it is worth it, but please don't neglect the research part
Answer: Regarding trading, nothing at all. It makes no difference if you account is verified or not when you trade. Either way, you get the same trading terms and have access to the same market range, tools and else There are limitations in terms of transfers. Not all payment methods are available if you choose a no-KYC account, and there is a limit of 25,000 daily withdrawals, which let’s be real, is not much of a limit... right!? Shortly, the limitations are insignificant, and Primexbt is a top choice platform for no-KYC accounts
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Hello Danish R.,
We're happy to hear that our support team was able to guide you through your first crypto deposit and that your subsequent withdrawal was quick and smooth.
We understand that managing a crypto wallet can be a new process for some. For an even more straightforward experience, we also support fiat currency deposits. This can be a great option to save the hassle of setting up a wallet. Our support team is equally ready to assist you with any fiat deposit questions you might have.
Kind regards,
The PrimeXBT Team