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PrimeXBT description
PrimeXBT is a cryptocurrency trading platform designed for both new and experienced investors. It offers leveraged trading on over 30 cryptocurrencies, as well as traditional assets like forex and commodities. PrimeXBT emphasizes its user-friendly platform with customizable features and real-time market data. Security is a priority, with features like cold storage and a compensation fund. The platform boasts a large user base and has received awards for its technology and innovation.
Who is PrimeXBT best for
PrimeXBT is a robust platform for both new and seasoned crypto traders, offering leveraged trading, copy trading via Covesting, and a wide array of assets. Users praise its user-friendly interface and fast execution speeds, while some note occasional slippage and high overnight fees. A solid choice for those seeking advanced trading features.
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Best for small to medium-sized businesses seeking advanced crypto trading tools.
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Ideal for the financial, IT, and professional services sectors.
PrimeXBT features
| Supported PrimeXBT offers copy trading through its Covesting module. |
| Supported PrimeXBT supports crypto futures trading via perpetual swaps. |
| Supported PrimeXBT offers margin trading with flexible leverage options and both cross and isolated margin modes. |
| Supported PrimeXBT supports Bitcoin trading, including margin trading and futures contracts. |
| Supported PrimeXBT supports Litecoin trading with leverage and various pairs. |
| Supported PrimeXBT offers trading of ETH with leverage, including short positions. |
| Supported PrimeXBT allows users to buy crypto with fiat currencies like USD and EUR. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Scalability
PrimeXBT reviews
We've summarised 139 PrimeXBT reviews (PrimeXBT TrustPilot reviews and PrimeXBT G2 reviews) and summarised the main points below.
- User-friendly interface praised for ease of use.
- Wide range of tradable assets across various markets.
- Fast order execution and reliable platform performance.
- Responsive customer support available 24/7.
- Covesting module offers valuable copy-trading opportunities.
- High overnight financing fees can deplete profits.
- Occasional slippage can lead to unexpected losses.
- Limited deposit options can be inconvenient.
- Platform glitches and slow response times can occur, especially during high volatility.
- Leverage adjustments can impact open positions negatively.
PrimeXBT pricing
The commentary is based on 24 reviews from PrimeXBT G2 reviews and PrimeXBT TrustPilot reviews.
PrimeXBT is praised for its low trading fees, especially on crypto futures, making trading cost-effective. While some find the fees reasonable and even nominal, others point out significant financing fees on leveraged overnight positions that can impact profitability.
Users sentiment
PrimeXBT alternatives
PayBitoProOffers white-labeling solutions for crypto exchanges and brokerages. Has a transparent fee structure and positive user reviews regarding ease of use and security. Growing considerably faster.Read more
Google Cloud Source RepositoriesBetter for software development teams using other Google Cloud products. Specifically designed for code storage and version control with Git integration. Not suitable for cryptocurrency trading.Read more
MagicBetter for businesses needing virtual assistants. Focuses on providing versatile virtual assistants for various tasks. A strong PrimeXBT competitor for businesses seeking operational support. Suitable for a wider range of industries including Healthcare, Retail, and Education.Read more
PhemexHas a faster website traffic growth rate. Offers earning interest on crypto holdings. Users report issues with account restrictions, withdrawals, and customer support. Lower ratings on TrustPilot and Glassdoor. Negative pricing sentiment.Read more
BinanceWider industry applicability. More accessible for beginners with an easier-to-use interface. Has more momentum and established brand recognition as a PrimeXBT competitor and alternative. Offers educational resources and NFT engagement. However, users report difficulties with customer support and account verification.Read more
PrimeXBT FAQ
What is PrimeXBT and what does PrimeXBT do?
PrimeXBT is a cryptocurrency trading platform catering to both beginners and experienced traders. It offers leveraged trading on various cryptocurrencies, forex, and commodities. With a user-friendly interface, copy trading features, and robust security measures, PrimeXBT focuses on providing a comprehensive trading experience.
How does PrimeXBT integrate with other tools?
PrimeXBT integrates with TradingView for charting and technical analysis. It also offers a Covesting module for copy trading, allowing users to follow and replicate the trades of successful investors. Information on other integrations is limited.
What the main competitors of PrimeXBT?
PrimeXBT's main competitors include Binance, Phemex, Gate.io, and Uphold. These platforms offer similar services like cryptocurrency trading, margin trading, and futures trading. Some, like PayBitoPro, also focus on user experience and security.
Is PrimeXBT legit?
PrimeXBT appears to be a legitimate platform. It offers a range of features for crypto trading and boasts positive user reviews regarding its ease of use and available assets. However, consider the potential downsides like high overnight financing fees and occasional slippage before investing. Always research thoroughly to ensure it aligns with your specific trading needs.
How much does PrimeXBT cost?
There is no pricing information available for PrimeXBT. Therefore, it's difficult to determine if the product is worth the cost without knowing the specific pricing details.
Is PrimeXBT customer service good?
PrimeXBT's customer support receives mixed reviews. While some users praise the helpful and responsive team, others have experienced long wait times. Several reviews mention positive experiences with support resolving specific issues. However, some users note a lack of support options beyond the provided channels.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.