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PrimeXBT, a multi-asset platform is serving clients from more than 150 countries. With their full-proof security of assets and completely encrypted data, the traders associated with PrimeXBT can take a sigh of relief as their hard earned money is completely safe with the exchange.
Bitcoin-based multi-asset trading platform, PrimeXBT was formed in 2018. In a short span of time, the exchange has achieved a lot of success in terms of the trading volume. The derivatives exchange serves more than 150 countries.
The platform was recently awarded with Best Cryptocurrency Trading Platform, Best Cryptocurrency and Forex Broker, and Best Crypto Trading App in the Forex Awards as well as received the award for Best Bitcoin Margin Trading Platform in the ADVFN Awards.
The Seychelles-based platform is highly regarded in the cryptocurrency community for its customer service and was honored by a top cryptocurrency influencer in a comparison of top exchanges in the industry.
Assets with Prime XBT
PrimeXBT offers traditional assets, which have become increasingly popular recently with cryptocurrency traders. In fact, PrimeXBT offers among the most diverse list of CFDs for forex, commodities, stock indices, and more, right alongside five of the major cryptocurrencies across that market.
Bitcoin-based margin trading platform offers access to over 50 assets including Crypto, Forex, and Commodities from a single account. The traders can use their Bitcoin as a margin collateral to trade all those available assets. This is beneficial for all those who want to expand their portfolios beyond cryptocurrency trading. It has products never seen on other cryptocurrency platforms.
Partnerships galore
The exchange has partnered with Devexperts – which is a trading software developer with a proven track record. Covesting – which is a DLT licensed services provider. Bitfurys crystal is also used to execute their AML checks on Bitcoin transactions. London-based CEX Direct, is a crypto firm that allows users to buy Bitcoin directly from the PrimeXBT platform.
Platform overview
It is one of the bespoke platforms which is browser-based. The exchange has 50 technical indicators and a full suite of charting and analysis tools. PrimeXBT full proof security to traders
Deposits
With the help of CEX Direct Widget, deposits are made in Bitcoin or with credit card or by exchanging other tokens/coins. Once the trader sign up with the platform, the trader has to confirm his email address and deposit Bitcoin a minimum of 0.001 BTC to get started. PrimeXBT has integrated Changelly to allow deposits in fiat currencies such as USD, EUR, or other cryptocurrencies.
All accounts are denominated in BTC, which is used for collateral on CFDs for each trading instrument.
Withdrawals
Withdrawing BTC to an external wallet can be completed in a few clicks. BTC addresses must be added to a whitelist before making any withdrawals. Once the whitelist has been set up, users may withdraw their BTC to any address they confirm during the whitelist process for a very low fee of 0.0005 BTC.
Security
The funds are completely secured with PrineXBT. There is an extensive cyber security framework implemented so that strict measures are taken and practices are in place. The platform is fully equipped to protect the customer assets against any eventualities and threats. The platform conducts a periodical stress test and security audits.
PrimeXBT uses a 2FA tool (provided by Google Auth) for the account security of the traders and prevents any unauthorised access to the user’s account. Encrypted SSL secure and encrypt the website’s traffic. All passwords are hashed cryptographically.
Leverage
PrimeXBT offers very competitive rates. The platform gives 1:1000 for forex pairs and provides margins as low as 0.1%. Precious metals prices are 1:500 (0.5%). Cryptocurrency, indices, and energies went up to 1:100, with a 1% margin. The leverage rates of Prime XBT are more than what other exchanges like Kraken and Binance offer. Covesting accounts have the advantage of leverage as the rates go up to 1:200 for each asset type.
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