Prime XBT Review 2022: Is It #1 Bitcoin Trading Platform? (Read Truth)

In this Prime XBT review 2022, I am going to discuss my experience with trading on PrimeXBT as well as how the platform functions.

In the year 2018, the Republic of Seychelles was home to the launch of an online Bitcoin exchange known as Prime XBT.

On its worldwide and dynamic trading platform, it enables customers to trade in cryptocurrencies as well as contracts for difference (CFDs). The company, while being in existence for only a very short period of time, has experienced meteoric expansion in a very short period of time.

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Review of Prime XBT 2022: How Secure Is the Trading Platform?

Prime XBT is a robust platform for trading bitcoins that is appropriate for traders of all experience levels, including novices and those with intermediate-level expertise.

The company follows security best practices that are standard in the industry, which protect both the funds and the trading activities from being compromised by cybercriminals.

Prime XBT’s long-term goal is to build a cutting-edge platform that gives users access to every resource they could possibly require in order to engage in day-to-day trading activities.

About 150 countries are represented among this business’s customer base.

The customer service is available around the clock, and the website can be used in any of six different languages: English, Spanish, Chinese, Russian, or Korean, as well as Portuguese.

Leverage for Prime XBT

PrimeXBT is currently providing you with leverage over bitcoin. This also means that you have the potential to produce more gains and achieve stronger positions in the market.

Bitcoin trading is made possible with a leverage of 1:100 using PrimeXBt.

In more layman’s terms, if you are investing in bitcoin trading and can invest up to $1,000 in bitcoin trading, you would only need to invest $100 with the PrimeXBT platform in order to make the typical profit from bitcoin trading.

You can determine how much buying power you have based on the amount of accessible capital by using the bitcoin leverage calculator.

If you want to generate a profit, you need expect to suffer some losses along the way.

The Leading Bitcoin Trading Platforms:

I went ahead and made a trading account after I registered for the trading platform.

You may live preview the demo account of Prime XBt before opening an account, and then after opening an account, you can have access to the real account.

Tab is a location that may be found on the side of the screen that is on the left. You’ll see symbols like position ID, time, current time, and profit/loss in the position column. Other symbols include time.

You are able to view not only the trading history but also all of the trades that are now available.

The cryptocurrency pairs are displayed on the far leftmost portion of the screen’s uppermost portion. The LTC/USD, BTC/USD, ETH/USD, EOS/USD, and XRP/USD exchange rates are included on the list.

You can start trading cryptocurrencies as soon as you add the order to the trade part of the platform. The UI of this trading platform is both straightforward and straightforward, making it easy to operate.

How Does PrimeXBT Come Into Play?

When it comes to the technical side of things, PrimeXBT provides an interface that is user-friendly, obvious, and tailored to the needs of cryptocurrency traders. Traders are able to execute instantaneously at any volume since market data is provided in real time and liquidity is collected from approximately 12 cryptocurrency exchanges.

It is straightforward enough that even novices can comprehend it, but at the same time, it provides the sophisticated capabilities that experienced traders want.

The user interface offers full personalization options and is compatible with multiple monitors. Account, Trade, and Information are the three tabs that can be used to navigate this website.

The creation of accounts

The procedure of establishing an account with PrimeXBT is one that requires very little effort on the user’s part. You will be required to input your email address, choose a secure password, acknowledge the terms of service, and then click the “Register” button.

Following this, a message requesting confirmation will be sent to the email address that is associated with the account. The sign-up procedure is finished after you click on this link, so go ahead and do that now.

It comes as a big surprise that the corporation allows users to start trading even if their AML/KYC registrations aren’t completely finished. For those individuals who would rather conduct business with other certified traders, this may prove to be a deal-breaker.

1) Account tab

This tab provides essential information relative to the user account that has been selected. Under “Account Summary,” you will see two wallets: the standard wallet and the trading wallet. These wallets are used for different purposes.

You will also be able to examine data on your prior deposits, closed trades, and previous withdrawals. In addition, you will have the ability to set up two-factor authentication (2FA), change your password, and alter the account settings.

(2)Trade tab

The Trade tab gives users access to a variety of features, including the order book, a dashboard that displays current market prices, and a great deal of other tools that are necessary for margin traders.

The numerous elements may be found under the exchange widgets, and the layout of these pieces can be easily changed to suit individual needs.

The user can also track messages and create personalized watchlists using these widgets, which are very useful for monitoring activity.

(3) Information tab

This area offers helpful information regarding the features, trading fees, types of orders, and other relevant topics.

Funding of Trading Accounts, Including Deposits and Withdrawals

(4) Deposits

When it comes to making deposits, this is a platform that exclusively accepts cryptocurrencies, and the only currency that can be used to finance the basic exchange wallet is Bitcoin. The following are some of the methods that can be used to add funds to the wallet:

– On the page for accounts or deposits, you will see a QR code. Scan this code.

You can transmit the funds from the wallet you wish to send them from by copying and pasting the Bitcoin wallet address into that wallet.

— Make a purchase of Bitcoins using either your credit card or cryptocurrency using the built-in Changelly conversion widget, which enables this type of transaction.

After the transaction has received six confirmations from the network, the deposit will be credited to the wallet. The smallest amount that can be deposited is 0.001 Bitcoin.

Making withdrawals is a very straightforward process.

To withdraw your funds, all you need to do is click the “Submit to withdraw” button after entering the destination address and the quantity of Bitcoin you wish to withdraw.

Trading/Orders

PrimeXBT only offers trading pairings for a limited number of cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), and EOS (EOS/USD). You have the option of playing these instruments “long” or “short.”

The Various Forms That Bitcoin Trading Orders Can Take

1. Market Orders

This is the typical kind of order that may be quickly carried out at the price that is now being offered on the market. In the event that the user wants to buy or sell something right away, they can use this.

2. Limit Orders

Any cutting-edge cryptocurrency trading platform will likely support this kind of order at some point. It gives customers the ability to purchase or sell any asset at a price that is either exactly what they want or an even better price. After the trader has placed his order, it will be carried out as soon as the current market price reaches the threshold that he has specified.

3. Stop Orders

Stop-loss orders are another name for these types of orders. When the investment reaches a certain price, the exchange is given instructions to carry out a certain trade because the investor does not want to be responsible for any losses that occur above this price. The “stop price” may be higher or lower than the price at which the item is wished to be purchased.

4. OCO Orders

The term for these kinds of instructions is “one-cancels-the-other.” On the automated trading platform, this type of order combines a stop order and a limit order in the same transaction.

One of the orders is carried out when either the stop price or the limit price is hit, while the other order is automatically canceled when either of those prices is hit. OCO orders are a risk mitigation strategy that is utilized by experienced traders.

What Are the Steps to Placing an Order?

All of the trading may be found under the “Trade” tab.

The following is a list of the steps:

– trading prime CBT

– Select the trade menu option. – Select either the red or green button, depending on whether you want to sell or buy the bitcoin.

PrimeXBT and the placement of the order – PrimeXBT When the user clicks on the dropdown menu, a new box appears in which they may select the order type. This allows them to choose between market orders and limit orders. You can choose the protection order by checking the box that is positioned directly beneath the sale and buy buttons on the trading platform. – Once you have made your selection, you will be required to click the Send Order button.

Trading fees and conditions are as follows on PrimeXBT:

When it comes to the on-platform trade, PrimeXBT has a comprehensive and detailed set of regulations as well as standards to adhere to. In addition to the overnight financing fees for deals that are good-until-cleared, the standard trading fees for each cryptocurrency are a flat 0.05%. These fees must be paid before any trades may be executed.

In the event that a leveraged position is created and terminated within the same trading day, you will not be subject to any overnight financing fees.

Program for Referrals to the Prime XBT Affiliate Program: The referral from PrimeXBT.

Prime XBT provides its partners with access to the most lucrative affiliate programs available anywhere in the globe. Let us read the specifics that are listed below.

The exchange runs its own one-of-a-kind referral program, through which it allows users to become “partners” by simply recommending their friends to sign up for the platform. Those who bring in new traders and get them signed up through their referral links are eligible for a commission that is equivalent to a proportion of the fees paid by the new traders.

Simply by bringing new customers to PrimeXBT, you have the opportunity to increase your earnings to a maximum of $1,250.

There are three programs that you may sign up for and begin earning a passive income from. This income has the potential to be greater than your active income due to the big payouts offered by these programs.

I Classic: If you choose this plan, you have the opportunity to build a sustainable income because it includes revenue sharing. According to this plan, the partners are eligible to get up to seventy percent of the total trading costs paid by all of the consumers they have recommended.

ii) Due to the fact that you can make up to $1,250 CPA with this plan, it is the most popular option. You will receive between $40 and $1,250 for every qualifying trader that you bring in, depending on the number of traders that you bring in.

iii) With this option, you benefit from the most advantageous aspects of the two previous programs. You can receive a predetermined payment for every qualified lead that you refer, in addition to earning a revenue share for the business that your referrals bring in.

Therefore, the greater the number of customers that you get on board with PrimeXBT, the better your income will be. For example, if you acquire 122 clients in a month, you can earn $11,590, which is not a bad offer at all by any stretch of the imagination.

Why Should You Sign Up With PrimeXBT To Become An Affiliate?

Instantaneous Payouts —

Because the company fully comprehends the value of quicker pay-outs to its affiliates, they even offer customised payment terms for their active affiliate partners. This is one of the reasons why they do this.

Reporting That Is Completely Open –

You are provided with unrestricted access to view the comprehensive data when you use the Integrated Affise program. You are able to view information such as the number of clicks, the date of a conversion, payouts, and commission. Additionally, the software is exceedingly user-friendly and incredibly simple to operate in all aspects.

High-Quality Media and Promotional Materials – Since the firm is committed to the success of its business relationships, it offers its partners static and html5 banners of the highest possible quality.

In addition to this, landing pages and further media support are provided for you so that you can maximize your earnings.

Users are strongly encouraged to participate in online activities and are required to post their referral links via social networks, the blog on the idea behind such a platform and the benefits it offers, and participate in community debates.

As a result, in my opinion, there is absolutely no need for you to delay signing up for their affiliate program right immediately!

Security The exchange offers a variety of security protections, and these mechanisms work together to protect the customer’s assets from being accessed by unauthorized parties or people who are acting maliciously.

– Two-factor authentication (2FA), which is provided by Google Auth, will ensure that user accounts are secure and prevent illegal access to those accounts.

Whitelisting of Bitcoin addresses is required, and digital assets can be held using multisignature technology. Hardware security modules must have a rating of FIPS PUB 140-2 Level 3 or higher. A comprehensive risk assessment is performed after each purchase is submitted and carried out. Encrypted SSL (https), which not only protects but also encrypts the website’s traffic – Every password is hashed cryptographically, and all sensitive data is also encrypted – Cloudflare will eliminate the risk of assaults connected to distributed denial-of-service (also known as DDoS).

– The technical staff at Primexbt runs routine tests and checks on a regular basis. IT security audits are an ongoing procedure that ensures the company is kept informed of any new possible vulnerabilities.

The Advantages and Disadvantages of Prime XBT Advantages:

1. There is no need for know-your-customer (KYC) verifications or to fill out any forms; the accounts are fully anonymous.

2. Both the service costs and the trading conditions are very comparable to what other markets offer.

3. As a result of the advanced technology, the execution of trades happens very quickly.

4. Leverage of 100 times is available on cryptocurrency assets.

5. The trading platform is pretty up-to-date and is designed to accommodate both novice and intermediate-level traders equally well.

1. There is not a free trial account available.

2. Prime XBT does not provide its services to customers located in the United States of America, Canada, or any other region in which the local laws constitute a barrier to the company’s operations.

Frequently Asked Questions: What Are the Steps Involved in Bitcoin Trading?

Trade Bitcoins operates in the same manner as any other form of trading. The price of bitcoins goes up whenever there is a greater demand for them.

Is Prime XBT Legal?

Prime XBT is a legal marketplace for exchanging cryptocurrencies such as bitcoins. It has customers in more than 150 countries throughout the world.

Is there protection for Prime XBT?

Prime XBT possesses protected features that ensure a risk-free trading environment. It comes equipped with SSL encryption, which helps to keep website traffic safe.

Are there any additional costs associated with using Prime XBT?

Not at all; PrimeXBT imposes a stringent set of controls on its users and takes a transaction fee of approximately 0.005%.

Is It True That Prime XBT Is the Number One Bitcoin Trading Platform? Review of Prime XBT in 2022

In this PrimeXBT Review, I have discussed how this trading platform is easy to use and understand, which distinguishes PrimeXBT from other trading platforms and gives it an advantage over its rivals. Other advantages include low commissions, tight spreads, and a leverage ratio of 1:100.

It provides support for numerous displays in addition to having an extremely user-friendly interface that can be completely personalized.

This trading platform is an excellent choice because it is risk-free, dependable, and quick to make trades.

The stock exchange is now officially open for business, at which point you are free to sign up and start making deals. It is strongly recommended that you continue with extreme caution as Prime XBT. In addition to this, you should make sure that the exchange is not being utilized as a wallet.