What to Know About PrimeXBT Fees, Security, and More?

PrimeXBT is one of the top crypto trading platforms in the market. It was established in 2018 and has been one of the fastest-growing platforms. It is an outstanding exchange for both new and experienced traders, thanks to all the features, tools, investment options, and more that it offers to the users.

The PrimeXBT trading exchange is a crypto-to-crypto exchange and supports the trading of several assets. However, the trading account on the exchange can only be funded through Bitcoin, which is why it is essential for all potential users to purchase BTC first and then use the exchange.

This platform takes pride in its customer-centric business model, which is extended to users in more than 150 countries all over the globe. The numerous trading tools, analyses, and guides available on the exchange make it an outstanding platform for every kind of crypto trader.

Here is what you should know about the PrimeXBT exchange.

Security of PrimeXBT

Safety and security is one of the main aspects every interested party should look for while they are choosing a platform to start trading. If you are new to the crypto space and you ask “is PrimeXBT legit?” you should know that it takes the security of the users’ funds and information very seriously. This platform uses several high-end security systems that make sure the users are able to trade crypto assets safely and without any inconveniences.

Here is how the security of the exchange is maintained:

• The web version has a dedicated server.
• The crypto owned by the users is stored in cold storage.
• The exchange uses a two-factor authentication method.
• The exchange also uses a secure socket layer protocol to keep the communication network free from hacks.

Customer Services

The customer support of exchange can eliminate numerous unnecessary obstacles and challenges for the users, especially for beginners. Fortunately, PrimeXBT has an impressive customer support system that comprises a team of professionals. The customer service agents are experts, have plenty of information, and are also bilingual.

There are several ways the users can contact the customer support team that is available to assist the users 24/7.

Tools for Analysis

In this brief Prime XBT review, you can also learn about the analysis tools that are available for crypto traders to use. This trading platform supports fundamental as well as technical analysis and offers some in-built features that make it easier for traders to trade on the exchange.

The tools you can also use as a trader for conducting analysis are mentioned here:

• Option to analyze your trading history
• Option to export your trading history
• Creating and importing custom indicators and tools
• In-built charting analysis tools and indicators to carry out technical analysis in-depth

Desktop Trading Charts

The trading charts available on PrimeXBT are just like any other chart but is easier to use and navigate, which is quite important for people who are new to crypto trading. The charts available on the desktop are also customizable so people can change the look according to their preference.

Other features available include:

• Different chart types
• Indicators
• Studies section on the charts
• Time-frames

Mobile Trading Application

The PrimeXBT trading exchange is one of the best ones available in the market, thanks to its features such as the mobile application. One of the biggest benefits of a mobile application is that it enables the traders to trade on the go. The mobile application of PrimeXBT also offers numerous features to the users which are mentioned below:

• 3 chart types available
• 6 timeframes available
• In-built charting tools for technical analysis
• Option to open new account
• Option to trade more than 50 instruments

Leverage Trading

For people who are interested in margin trading, this is an important aspect to know about in the PrimeXBT review. Leveraged trading is available for people on numerous exchanges, however, not every exchange is safe and suitable for the traders.

This trading platform, however, is not only safe but also offers one of the highest leverages in the market. If you are a margin trader or want to start trading with leverage then you can choose PrimeXBT that offers up to 100x leverage.

Covesting Feature

The PrimeXBT trading exchange is compatible with beginners as well experts, thanks to its advanced tools and features such as Covesting. This feature allows copy-trading, which means the novice traders can copy the trades of experts and get the same profits or losses as the trader they copy.

Final Takeaways!

PrimeXBT is an outstanding exchange where you can trade various instruments from numerous asset classes available for the users. However, before you use it, make sure you have some helpful information, such as the details mentioned above.