PrimeXBT Review 2024 – Fees, Features, Pros & Cons Revealed

Our Verdict

PrimeXBT - Top-Rated Margin Trading Platform

As a top-rated margin trading platform, PrimeXBT offers access to crypto CFDs, commodities, indices and forex. Launched in 2018, PrimeXBT has grown globally as it now offers its services to traders in over 150 countries. High liquidity levels coupled with top-tier trading tools give PrimeXBT users the upper hand when it comes to investing in CFDs.

The PrimeXBT platform is highly customizable meaning users can tailor the platform to suit their needs and goals. Additionally, PrimeXBT supports super-fast order execution speeds, typically less than 7.12 ms on average. The platform also boasts reliable trade executions as uses Amazon AWS servers and is connected with many liquidity providers. This allows PrimeXBT to offer low latency and consistent pricing on all supported instruments.


  • Super-fast order execution speeds
  • Customizable platform with fully-fledged widgets and trading tools
  • Customer service is available 24/7


  • No demo account
  • No staking or lending services
  • Lack of regulatory oversight

PrimeXBT review

Established in 2018, PrimeXBT is an online global broker that allows you to trade popular cryptocurrencies, commodities, foreign currencies, and major stock indices. This multi-asset platform provides access to different kinds of financial instruments via CFDs, enabling traders to hedge against other positions, diversify their portfolios, and leverage market movements. 

PrimeXBT caters to various trading needs with its competitive fees, innovative features like copy trading and “Turbo” options, and a significant global presence with over one million users in 150 countries. 

In this guide, we will offer a comprehensive PrimeXBT review to help you evaluate if it is the right platform for you.

Our Verdict on PrimeXBT

PrimeXBT is an ideal platform for traders interested in crypto assets, commodities, and forex, especially those keen on using high leverage. It offers up to 200x leverage on Bitcoin and Ethereum CFDs, up to 100x on altcoins and indices, and up to 1000x on forex pairs. 

What is the new user bonus for PrimeXBT?

PrimeXBT currently has an exclusive welcome first-time deposit bonus when you use the promo code TECHOPEDIA7000. This must-have bonus gives users the chance to claim up to $7k on their first deposit.

Moreover, this crypto broker will appeal to those who are solely interested in the trading elements of crypto without additional features like lending, borrowing, or staking. That said, PrimeXBT does offer other ways to earn, such as passive income opportunities through referrals and contests.

With no minimum deposit, low commissions, advanced technical analysis tools, and copy trading features, PrimeXBT has emerged as a popular option among crypto traders. However, the lack of regulation remains a point of concern. 

So, if you are just starting your trading journey or are an experienced professional not living in the US, Canada, Japan, Russia, Syria, Sudan, Cyprus, Ecuador, Iran, Israel, Japan, Myanmar, North Korea, Russian Federation, Sudan, Syria, Saint Vincent and The Grenadines and are fine with a limited selection of crypto to trade, then PrimeXBT is the platform for you.

What PrimeXBT Does Well

There are a few areas in which PrimeXBT shines. Both new and experienced users will enjoy the ability to trade different kinds of assets, ranging from crypto CFDs to stock indices. In terms of the trading platform itself, the broker focuses on technological development to ensure a smooth and intuitive user experience.

PrimeXBT particularly boasts fast execution times and much higher leverage compared to its competitors, such as Avatrade and FP Markets. This leverage isn’t limited to just crypto either, as users get to enjoy high leverage on forex and commodities as well.

The trading platform also features a proprietary copy trading solution, enabling novice traders to learn from and emulate the trades of experienced, successful investors. Its Covesting module, which shows top traders, their funds, and returns, allows anyone to invest in other traders and start an investment fund. Each of these funds is rated by total capital and ROI. Traders managing their own funds often receive additional capital from investors and earn a percentage of the resulting profits.

During our PrimeXBT review, we concluded that PrimeXBT is best for:

  • Those looking to trade both crypto CFDs and traditional assets at high leverage right from one platform without being bombarded with other crypto-related services. However, it’s key to note that PrimeXBT operates as a CFD exchange. This means while users can speculate on the price fluctuations of cryptocurrencies, they do not purchase the actual digital currencies on PrimeXBT.
  • Those who want to learn from experienced investors via copy trading.

PrimeXBT at a Glance

​​To provide a comprehensive overview, here is a detailed assessment of the platform across various key performance indicators. 

Category Rating (Out of 5) Comments
Number of Coins 3 Limited but covers major and diverse crypto assets
Trading Fees 4.5 0.01% Maker fee & 0.02% Taker fee on BTC/USDT futures

0.05% Maker fee & 0.05% Taker fee on the BTC/USD market

User Experience 4.5 Smooth and intuitive platform that caters to both novice and professional traders
Staking 1 No staking except for Covesting utility token COV
Trustworthiness 3.5 Not regulated by top-tier authorities
Customer Service 4.5 24/7 customer support via live chat, email, and social media
Features 4 – Multiple assets 

– Margin trading

– Copy-trading 

– Price prediction

– Market research

– Education resources

– Advanced trading features

What Cryptocurrencies Can You Trade on PrimeXBT?

PrimeXBT supports only a limited number of crypto assets, namely BTC, ETH, DOGE, BNB, ADA, ALGO, ATOM, AVAX, AXS, DOT, EGLD, EOS, KLAY, FTM, ICP, FIL, MANA, LINK, LTC, MATIC, NEAR, SAND, SOL, TRX, UNI, THETA, VET, XLM, XMR, XRP, and XTZ.

The broker supports the trading of various crypto-fiat pairs like BTC/USD, DOGE/USD, ETH/USD, SHIB/USD, SOL/USD, and XRP/USD, as well as crypto-BTC pairings such as ETH/BTC, XRP/BTC, LTC/BTC, and ADA/BTC. Meanwhile, for crypto futures, the platform supports trading against stablecoin USDT, such as BTC/USDT, SOL/USDT, and ADA/USDT. This means you can go long and short on several crypto assets.

When trading futures, PrimeXBT clients enjoy leverage, which goes as high as 200x on Bitcoin and Ethereum and up to 100x on altcoins. While cryptocurrencies covered by PrimeXBT are limited, they are still varied and cover different sectors in the ecosystem, including layer one, meme coins, metaverse coins, and decentralized storage solutions.

That said, PrimeXBT does offer access to global stock indices, forex pairs, precious metals, energies, and others in addition to crypto.

PrimeXBT Trading Fees

Fees are an essential component of any trade and can affect the profits of a trader, which makes platforms with transparent, low, and no hidden fees an ideal exchange for any trader and investor. 

This broker maintains a clear fee policy, levying charges solely for executing each trade and for maintaining a position open through the night. The trading fee is a percentage of the transaction amount and applies whenever a position is opened or closed. Overnight financing, meanwhile, occurs when a trade is carried into a new trading day.

PrimeXBT Trading Fees Page

Compared to popular options like FP Markets, PrimeXBT charges a much lower fee at just 0.05%. This commission rate is zero for commodities, forex, and indices. 

On PrimeXBT, both the maker and taker fee is 0.05% for all crypto markets that it offers. Meanwhile, for crypto futures, the maker fee is 0.01%, while the taker fee is 0.02%. 

Maker fees are paid by those who provide liquidity to the market, while taker fees are paid by those who take this liquidity by placing buy or sell orders for those available in the order book. Minimum order size, meanwhile, is different for each crypto asset.

You can check out the financing rates at the broker’s dedicated fee page for each crypto asset and across the Crypto Futures, Global Markets, and Copy Trading products that they offer.

User Experience

Since its launch in the 2018 bear market, PrimeXBT has seen steady growth thanks to its diverse asset offerings, high leverage, and copy trading features. Its trading contests, referrals, and affiliate programs also attract traders. 

To reach a global audience, the PrimeXBT website supports 12 languages, making it easy for people around the world to use its services. The platform’s multilingual support enhances the user experience by allowing traders from various backgrounds to navigate, understand, and utilize the platform in their native language, leading to a more comfortable and efficient trading environment. It further supports multiple currencies and plans to expand this selection, including fiat options.

PrimeXBT Trading Interface

PrimeXBT’s interface is both simple and adaptable, allowing customization to meet individual user needs. Its user-friendly interface simplifies trade and funding while prominently displaying important information like margin details. 

Moreover, one can easily navigate between different accounts and sections as well as make use of a wide variety of technical analysis indicators, making PrimeXBT suitable for users with various skill levels.

PrimeXBT Wallet 

PrimeXBT exchange doesn’t offer specialized wallets and lacks a separate wallet from the main trading platform. It supports five wallets within the exchange (BTC, ETH, USDT, USDC, and COV). These multi-currency wallets allow users to deposit, withdraw, exchange, track, and transfer their crypto.

Users can view their fiat and crypto balances via the main page and wallet activity by accessing individual crypto-based PrimeXBT wallets.

PrimeXBT Wallet Interface

The majority of the users’ crypto assets that they keep on the platform are held by PrimeXBT in its offline storage system, also called cold storage, which ensures maximum protection. A limited amount of these digital assets is stored in PrimeXBT’s hot wallet for immediate fund access.

The transfer of funds from cold storage to hot wallets, according to PrimeXBT, is handled manually and requires coordination from multiple employees as the offline storage is equipped with multi-signature technology, enhancing protection against unauthorized access and mitigating the risk of key loss.

Mobile App

Today, with more people using smartphones for work, education, entertainment, and socializing, it’s important for trading platforms to have a mobile app. This ensures that users can trade anytime, anywhere.

PrimeXBT offers a mobile app for iOS and Android, rated 4.6 on the App Store and 4 on Google Play, with over 50,000 downloads, with the latest update being in December 2023.

PrimeXBT Mobile App

The PrimeXBT mobile app mirrors all the functionalities of the desktop platform. It offers a user-friendly trading experience right from your smartphone, including the option to deposit or purchase digital assets within the app and use them to trade 100+ markets. Also, you can get started with as little as $5 on the PrimeXBT app.

You can set up a PIN or go for face or fingerprint biometric authentication for log-in. Then, right on the main page, you can catch a glimpse of all trading accounts and total account funds. In the Trade tab, you can access the instruments, manage your positions, and view watchlists and price charts. 

This user-friendly app offers a variety of order options, high leverage, high liquidity, advanced tools, powerful charting, customization options, and 24/7 support service.

Staking on PrimeXBT

Although PrimeXBT supports several popular cryptocurrencies like ETH, SOL, DOT, ATOM, ADA, and others for trading, the broker does not offer general staking services. 

The only token for which PrimeXBT supports staking is COV. To provide this service, PrimeXBT collaborated with Covesting, a software development company that allows it to offer its clients a Covesting copy trading solution. 

PrimeXBT COV Staking Page

Staking COV tokens on PrimeXBT offers a unique incentive scheme for all the members of the Covesting ecosystem depending on their membership level: Advanced, Premium, or Elite. 

Benefits include up to 100% discounts on membership fees and up to 30% off trading fees. Staking COV tokens also enhances the profit share from followers by up to 15% for those participating in copy trading. The COV tokens can also be put as collateral in leveraged trading accounts.

Additionally, the platform provides educational material about the staking concept to help its users understand what it means, how it benefits the network and users, and how to stake different cryptos.

PrimeXBT Payment Methods

When it comes to payment methods, the more options, the better it is for the users. Exchanges like PrimeXBT that cater to a global audience need to offer multiple payment options that suit their different clientele. 

The platform deals with both fiat currency and cryptocurrencies. To make deposits and withdrawals of fiat money like USD, you can make use of Advcash and Perfect Money. However, you’ll have to first verify your accounts to be able to deposit and withdraw fiat currency.

PrimeXBT Payment Options

To choose your payment method, simply select the amount you want to deposit, click the ‘deposit’ button, and then pick your option. 

For the AdvCash method, go to the payments page, enter the PIN code sent to your email address, follow the instructions, and confirm. As for Perfect Money, just provide the details of your Perfect Money account, fill in the memo field, ‘preview payment,’ and confirm the transactions.

To buy crypto using a debit or credit card, you can use the widget in the deposit section. However, this method involves a fee. You can also buy crypto via SEPA transfers as well as third-party services like Coinfy.

Here are all the accepted payment methods at PrimeXBT:

  • Advcash
  • Perfect Money
  • Debit & credit card
  • SEPA transfers

Minimum Deposit 

At PrimeXBT exchange, there is no minimum deposit, making it an appealing option for those with small accounts or newcomers starting with a minimal initial investment. Moreover, PrimeXBT charges no fees on deposits. 

Depositing fiat or crypto into your PrimeXBT is a pretty straightforward process. PrimeXBT supports direct crypto deposits with varying processing times: Bitcoin network transactions average 40 minutes, ETH and ERC-20 tokens about 4 minutes, and BEP-20 (BSC blockchain) and TRC-20 (TRON blockchain) tokens approximately 1 minute.

Withdrawal Times 

When it comes to withdrawals, PrimeXBT supports both fiat and crypto options. However, it is important to note that each account on the platform has a 24-hour withdrawal limit of $20,000 (equivalent in other currencies) if you have an unverified account.  

To make crypto withdrawals, simply go to your Account’s main page and click ‘Withdraw’ for the crypto asset that you want to withdraw. There is no minimum or maximum required withdrawal amount at PrimeXBT, but of course, the amount must be more than the withdrawal fee for the asset one wants to withdraw.

PrimeXBT Withdraw Page

The withdrawal fee on PrimeXBT varies based on crypto assets. For instance, it is 0.0005 BTC when withdrawing Bitcoin and 0.002 ETH when it comes to withdrawing Ethereum. Moreover, the fee changes based on the network, such as withdrawing USDT will cost you 10 USDT as an ERC-20 token and 0.8 USDT as a BEP-20 token. 

For fiat, just go to the main page of your account, then navigate to the Wallets section, click ‘Withdraw’ next to the currency wallet, and select the method to proceed. 

As for how fast withdrawals are processed, PrimeXBT processes them only once a day, between 12:00 and 14:00 UTC. This means that a withdrawal requested before 12:00 UTC will be processed on the same day and after 12:00 UTC request will be processed the next day. This applies to both fiat and crypto withdrawals.

The broker also offers a feature called Crypto Address Whitelisting that enhances security by enabling users to designate certain withdrawal addresses, thereby limiting wallet transactions exclusively to those addresses on the list.

Withdrawal Method Withdrawal Time
Fiat Before 12:00 UTC – Same day

After 12:00 UTC – Next day

Crypto  Before 12:00 UTC – Same day

After 12:00 UTC – Next day

PrimeXBT Customer Support

If you have any questions regarding how to use the platform, PrimeXBT has a detailed FAQ section that’ll cover most, if not all, of your queries. You can also go to the PrimeXBT Help Center to easily navigate to the sections you need help with.

In case these options do not meet your needs, you can contact their round-the-clock customer service team through live chat, or you can reach out via email at [email protected] for general queries or [email protected] for technical assistance.

The broker is also available and active on several social media platforms like Telegram, Facebook, Instagram, X (previously Twitter), YouTube, Discord, and Reddit

If we take a look at the customer reviews of the platform, which demonstrates just how well a company is treating its users, PrimeXBT has an above-average rating on Trustpilot at 3.7. This is higher than other leaders in the crypto space, like Coinbase, which has a really low rating at 1.5, and Binance, which has a mere 2.1.

Is PrimeXBT Safe? Licensing & Security

Trading with a regulated broker ensures that funds are safe, as regulated entities are required to keep their clients and their funds safe in the event of a collapse. Some major regulators include the Financial Crimes Enforcement Network (FinCEN) in the US, The Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC) in Europe.

Unfortunately, PrimeXBT is not a regulated broker. As per its website, “PrimeXBT as an entity falls outside the EU and UK regulatory frameworks, and there is no provision for an Investor Compensation Scheme.

Given that PrimeXBT is not licensed yet, this unregulated status may worry customers. However, the platform has garnered positive reviews from its customers with few complaints. Also, to give its users peace of mind, the platform makes use of several security measures. 

These measures include 2FA (provided by Google Authenticator) to prevent any unauthorized access to the user’s account, encrypted SSL to secure website traffic, Cloudflare to mitigate potential DDoS attacks, cryptographically hashed passwords, and full risk check after every order placement and execution. 

In regards to crypto, PrimeXBT employs a compulsory feature for whitelisting Bitcoin addresses and stores digital assets in a secure, offline environment using multi-signature technology. Moreover, the platform runs regular tests and check-ups and evaluates IT security measures to remain informed about emerging potential risks.

Where Could PrimeXBT Improve?

As we saw in this review of PrimeXBT, the broker has many great features that make it a good platform to trade crypto CFDs as well as other assets. However, there are several areas where the broker lacks and needs improvements, including:

  • Currently, the broker is not in possession of a license from a well-known regulatory body. Having a license from a top-tier regulator will give PrimeXBT more legitimacy and users peace of mind.
  • PrimeXBT exchange needs to expand its access to more countries. Currently, the United States, United States Minor Outlying Islands, Canada, Algeria, American Samoa, Cuba, Cyprus, Ecuador, Iran, Israel, Japan, Myanmar, North Korea, Russian Federation, Sudan, Syria, and Saint Vincent and The Grenadines are in restricted jurisdictions.
  • PrimeXBT has a limited number of crypto markets and digital wallets and lacks options like staking and lending services to allow users to take advantage of the crypto sector.
  • PrimeXBT’s payment methods also need more options, such as e-wallets.

Our Methodology

At Techopedia, we are committed to offering our users insights that they can trust and rely on to make informed decisions when dealing with crypto assets. 

For our crypto exchange reviews, we evaluate the platform and its various products and services with an unbiased approach. Our team of experienced professionals employs a thorough evaluation system, focusing on key aspects to assess each platform’s functionality and features. 

We make sure that our reviews are up-to-date, research-oriented, and not at all influenced by financial relationships so that those interested in the burgeoning, exciting, and complex space of cryptocurrency can have the best experience. 


PrimeXBT stands out in the crypto space for its simplicity and versatility. As a CFD exchange, it offers the flexibility to trade in various markets like cryptocurrencies, stocks, commodities, and indices from a single platform, appealing particularly to experts seeking high leverage.

With over a million users in 150 countries, PrimeXBT combines low fees, advanced trading tools, copy-trading options, and strong security measures, making it an ideal choice for both beginners and seasoned traders. 

Hence, if you are looking for a trading platform with diverse CFD trading opportunities, you could open an account on PrimeXBT by following the link below.


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Gaurav Roy

Gaurav is a seasoned content specialist and researcher with over 5 years of remote work experience, engaging with clients across the US, UK, Australia, Israel, Germany, Netherlands, Canada, India, New Zealand, Singapore, and more. His expertise spans email outreach, in-depth research, and versatile content creation. He boasts over 600 research projects completed with AskWonder and has successfully led a team of research analysts for two years. He has a diverse portfolio, having supported companies like Casino Tops Online, Sweep Stakes Casino, PayGamble, Odds Scanner US, and Sambafoot UK, demonstrating his proficiency in the iGaming sector. He has contributed as a…