Prime xbt is one of the exchanges with relatively low fees in the market. This is also the reason that this floor attracts a lot of investors despite being very young. The trading fees that apply to each market as well as each trading product are different.
What are the transaction fees on PrimeXBT floor?
On the PrimeXBT platform, you will encounter two types of fees: Transaction fees and overnight financing fees. Since the tools at PrimeXBT are leveraged products, you capitalize the trade value through overnight financing. This borrowing (capitalization) cost depends on the liquidity of the underlying asset.
If you open and close a leveraged position on the same trading day, you will not incur overnight financing.
Also when withdrawing BTC, the platform will charge 0.0005 BTC/1 withdrawal.
Normally, cryptocurrency fee exchanges categorize trading fees by Maker or Taker orders, but at PrimeXBT, transaction fees are generally charged for all orders. Besides, PrimeXBT exchange also applies an overnight fee for all transactions.
If you open or close a leveraged position on the same trading day, you will not incur overnight financing.
XBT Prime Fee
Exchange fees are an important factor to consider when choosing a cryptocurrency exchange. It becomes even more important when trading larger position sizes and on a leveraged exchange where you are paying fees for positions much larger than your margin. PrimeXBT is very clear and transparent with the fees listed on the website.
Deposit / Withdrawal
PrimeXBT does not charge a deposit fee. There is a minimum Bitcoin network fee charged when you withdraw Bitcoin from an exchange, which is determined by the blockchain load. Prime XBT has capped this fee to 0.0005 BTC, which is the standard rate.
You may be interested: How to deposit and withdraw money on primexbt?
Trading Assets Supported
Users can trade a variety of markets including Forex (FX), cryptocurrencies, commodities and indices using Bitcoin as collateral. So you don't need to settle for just trading in the crypto market if there is no trading opportunity.
Users can also switch to traditional financial markets. Prime XBT offers trading on dozens of cryptocurrencies, indices like NASDAQ, commodities like Oil and Gold, forex like EUR/USD and many more.
For those interested in trading cryptocurrencies, there are 9 cryptocurrencies available that can be traded against USD or BTC with leverage. If you decide to trade in the traditional financial markets, there are many assets to exchange that allow you to trade in Bitcoin (BTC) on the following markets:
The method of depositing and withdrawing money at PrimeXBT is quite simple and easy to implement. The withdrawal method can be found below.
Instructions on how to top up PrimeXBT
It can be said that depositing money into PrimeXBT floor is also a big question of users no less than PrimeXBT floor. As for PrimeXBT, this exchange only allows you to load BTC into your wallet and the exchange will automatically convert to other types of Coins or fiat money when trading.
Once you have bitcoins, it is relatively simple to fund your account. You will go to your account section and you will click on the Deposit button. This will take you to a deposit page where you can access your PrimeXBT Bitcoin address.
PrimeXBT allows investors to deposit BTC into their wallets in two ways: One is to load directly from an existing wallet on another platform. The second is to buy BTC and pay with Visa/Master Cards via Simplex channel.
Deposit directly from a wallet on another platform: the minimum deposit is 0.001 BTC and there is no deposit fee.
Buy BTC from Simplex: the minimum purchase amount for the first purchase converted to USD is $50, the maximum is $20,000/day. If paying in USD, Simplex will charge 5%, if paying in other coins, an additional 5% conversion fee.
You may be interested: Instructions to register for a primexbt exchange account
Instructions on how to withdraw money from the PrimeXBT exchange
When making a withdrawal, you can only withdraw to the investor's wallet. In general, the process of withdrawing money from your account is also very simple. In this case, you will go to the “Withdrawal” page, where you will give them your personal Bitcoin address. This will be the Bitcoin address that you want to white label all future withdrawals.
Once you have requested a withdrawal, you will have to wait for them to process it. If you are requesting a sizable withdrawal it may take some time to process. This is because withdrawals are processed from hot wallets and if they don't have enough funds on hand, they may have to access some from their offline cold wallet.
Note: BTC withdrawal orders made before 12h UTC will be processed within the day, after 12h UTC will move to the next working day. BTC withdrawal fee is 0.0005 BTC/1 withdrawal.
If you understand what PrimeXBT is, then equip yourself with a trading account at the exchange. Registering an account on the PrimeXBT platform is not difficult and almost anyone can start creating one for themselves. The account registration process only takes a few minutes to complete. With the procedure is also extremely simple, you do not need to verify personal information but make sure to ensure safety and security in transactions.
PrimeXBT account registration process
Step 1: Visit the homepage of Primexbt exchange.
Join PrimeXBT now! You need to register an account immediately to start trading, the registration is Free.
Step 2: Verify your account
You access the Email you just registered in the above step to get the confirmation PIN from PrimeXBT. After entering the Pin code, select the country where you registered and click Done.
So you have completed the steps to register for a PrimeXBT account. Too simple, right?
See more: Find out about the affiliate program at primexbt
Discover the unique interface of PrimeXBT
PrimeXBT offers cross-platform on both Web and mobile apps. However, the Web platform is still chosen by the majority of Traders because the chart analysis feature is promoted in the most optimal way. The Web platform at the exchange provides both transaction execution, account management, security settings and deposit/withdrawal operations.
Some useful features right on the interface chart:
What is PrimeXBT floor? How does the affiliate program commission? PrimeCBT also has a lucrative affiliate program, with four different levels. This means that you not only earn revenue from the people you refer directly, but also from their referrals.
Find out about the affiliate program at PrimeXBT
In general, PrimeXBT is an extremely attractive commission and does not need complicated conditions like other existing exchanges. You can read more about PrimeXBT's commission policy below:
Overall, this is also a relatively good exchange, offering a wide range of trading products. Users can invest BCT with high leverage, trusted by many investors. However, the floor does not have a compensation policy when facing risks. That's why you need to be wise when choosing a reliable exchange.
Today's Affiliate Program, Commissions Turn Hands
This is considered an extremely attractive feature of PrimeXBT and extremely attractive to investors. PrimeXBT pays special attention to image promotion and customer network expansion by two programs as follows:
PrimeXBT Image Ambassador
PrimeXBT always looks for influential users on social networks such as: Youtube, Instagram, Facebook, Twitter, bloggers or reputable people on investment forums, groups, speakers, investment experts prestige to use and promote to the public about the potential and opportunities when investing with PrimeXBT.
The platform will rely on the performance of your promotion to pay you a very attractive commission.
See more: Detailed evaluation of the advantages and disadvantages of primexbt
Super attractive 4-level roses
In addition to promoting through influencers, Primexbt also encourages users to refer PrimeXBT and earn commissions from referrals through the 4-level commission referral program.
In addition, PrimeXBT also offers attractive offers such as revenue sharing on referrals' transactions, up to 70% of transaction fees incurred by the referrer.
If this person continues to refer the next person, you will also receive an additional part of the commission from this. Investors can earn 40 USD to 1250 USD for each new person's referral. Indeed, PrimeXBT's very attractive extra income utility.
PrimeXBT is an exchange that allows users to invest in various financial markets with just one account. PrimeXBT provides a trading platform for Forex, stock indices, cryptocurrencies and commodities, operating in a way that allows investors to speculate.
What is PrimeXBT?
In fact PrimeXBT allows investors to bet on market volatility and use Bitcoin as the stake. This is a different direction when it can help investors operate on both traditional financial markets and cryptocurrencies, something that few exchanges can do.
Since its launch in 2018, PrimeXBT has been supported by a large number of investors due to its novelty and convenience. PrimeXBT brings together the experience of using Bitcoin for traditional financial transactions by partnering with brokers like Plus 500, Etoro, CMC, Pepperstone and IG markets with cheaper costs and faster speeds.
Prime exchange is launched by primexbt trading services, registered and licensed in Seychelles. Currently, PrimeXBT has opened an office in Switzerland that attracts millions of users in 150 countries, generating revenue of more than 375 million USD each with only 30 employees.
What stands out and makes PrimeXBT much more competitive is the application of very high rates up to 100x for cryptocurrencies and some commodities or forex up to 1000x. At the same time, PrimeXBT not only creates its own liquidity but also takes advantage of the liquidity of affiliated exchanges.
Detailed evaluation of the advantages and disadvantages of PrimeXBT
What are the advantages of PrimeXBT floor?
PrimeXBT is a cryptocurrency exchange but it also allows investors to trade forex and CFDs, commodities like energy metals and indices. The advantages of crypto margin trading are similar to any speculative lending. Quite simply put, this type of trading gives you more resources to invest and work with.
Investors participating in PrimeXBT can sell assets. This means that when a resource like a commodity in the future drops in price you can earn money.
PrimeXBT has an incredible 1:100 leverage for crypto pairs. Certain forex markets can go as high as 1000. This means if you invest $100 for every $1 of capital investment you put in. PrimeXBT also has some of the lowest trading fees on the market. They can go as low as 0.05 per trade.
PrimeXBT provides multi-platform including Web, mobile applications, supports both iOS and Android operating systems. The interface is also very easy to use, you can add or remove Widgets at will.
A plus point of this exchange is the extremely fast and enthusiastic support team when trading without an order book. Modern sophisticated platform suitable for professional traders as well as novice traders.
You may be interested: Overview of primexbt exchange information
What are the disadvantages of PrimeXBT floor?
First, PrimeXBT will not provide services to customers in the United States, Canada, or countries whose laws interfere with PrimeXBT's services. And this exchange currently does not have a Vietnamese version, causing many difficulties for Vietnamese traders in the process of performing transactions on the floor.
In addition, the PrimeXBT platform is also in the process of being upgraded, so it has limited features. This greatly affects the user experience of the application.
Also, unlike other exchanges, PrimeXBT does not have a DEMO account offered. This is not perfect for practicing, testing strategies and getting used to the platform in a trading environment. At PrimeXBT you also cannot send money via wire transfer. So you can only send money by credit card.
Besides, this exchange currently does not have a compensation policy when users are at risk. Therefore, investors need to be wise when choosing a reliable exchange.
In order to help new traders better understand this exchange, in the following article we would like to introduce what is PrimeXBT? General information, deposit methods and security….This is a #1 Bitcoin-based platform for traders not to be missed.
What is PrimeXBT?
PrimeXBT is currently an online Bitcoin exchange that offers cryptocurrencies and CFDs for trading on its platform. Launched in 2018 as a Bitcoin-based margin trading platform, PrimeXBT has come a long way in a short amount of time.
PrimeXBT is a crypto derivatives exchange. That means you can basically choose between two things: go long or go short. Going long means you bet that a particular cryptocurrency will increase in price and going short means you bet that a particular cryptocurrency will drop in price.
Join Primexbt now! You need to register an account immediately to start trading, the registration is Free.
As a cryptocurrency exchange, PrimeXBT also allows investors to trade Forex and CFDs on commodities such as metals, energies and indices. That is why many times we cannot classify this as a Forex broker or a cryptocurrency exchange.
A special feature for this exchange to attract a large number of investors is also thanks to the transactions with a leverage of up to 1:100, a very large ratio in the cryptocurrency market today. So this is an extremely attractive exchange that you can hardly ignore at this time.
Overview of PrimeXBT exchange information
PrimeXBT Exchange is a crypto exchange from Seychelles with several platform advantages on their website. Legally, PrimeXBT has not been licensed by any reputable regulatory body, but PrimeXBT pays special attention to the security and safety of customers' accounts. Therefore, since its operation until now, this exchange has not shown signs of being hacked or accused of fraud. Therefore, Traders can be completely assured when participating in trading at the floor.
Currently, the platform has an average daily trading volume of over $375,000,000 with an increasing focus on attracting both professionals and new players. That shows that PrimeXBT is an attractive giant in leveraged Bitcoin trading. PrimeXBT has experienced exponential growth in a short period of time and it is now available in over 150 different countries.
The simplest guide to trade coins on Primexbt. I will take ETH as an example, you can buy any coin with high leverage