The present-day cryptocurrency markets are filled with both various crypto coins and different types of places where you can acquire, trade, and sell those coins. As some user PrimeXBT reviews would tell you, the PrimeXBT platform is one such place – and today, we’re going to try and see what makes it stand out in the crypto crowd.
While PrimeXBT may be new to some traders, it has been a trusted trading platform since 2018, steadily expanding its global reach and continuously adding new assets and trading features. The site is actually a trading platform for many different markets, and cryptocurrencies are just one of them.
Designed with active traders in mind, the platform prioritizes speed, simplicity, and broad market access. The emphasis on leveraged trading makes it a better fit for short-term strategies rather than long-term investing.
That said, if you’re trying to find out if PrimeXBT is legit, or learn a bit more about the PrimeXBT fees, you’ve come to the right place – we’ll discuss all of the essential aspects of the platform below!
Verdict at a Glance:
PrimeXBT is a multi-asset trading platform offering access to cryptocurrencies, forex, indices, commodities, and stock CFDs, all from a single account. The platform is known for its competitive fee structure, high-leverage options, and the ability to settle trades in both fiat and crypto. With over 130 crypto trading pairs and a wide range of traditional markets available, asset variety is one of PrimeXBT’s key strengths.
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Sarah Gottwald
Managing Director at Blockchain Founders Group (BFG)
What are the key differences among various cryptocurrency exchanges?
Choosing a cryptocurrency exchange should be done with awareness of several considerations, such as the range of available cryptocurrencies itself, the user interface and experience, the security measures implemented, the liquidity for efficient trading, the fee structures imposed, and the compliance with regulatory requirements. Furthermore, you have to differentiate between CEXs (centralized exchanges) and DEXs (decentralized exchanges).
Pros
- Competitive fees
- Very secure
- Different asset classes available for trading
- Full fiat support
- Supports up to 500x leverage
Cons
- Limited altcoin selection
- Does not operate in the US and Canada
Table of Contents
- 1. PrimeXBT Review: PROS
- 1.1. Some of the Highest Leverage Options in Crypto Trading
- 1.2. Cost-Effective and Intuitive Crypto Futures Trading
- 1.3. Very Strong Security Measures
- 1.4. Simple to Use
- 1.5. Fiat Currency / Cryptocurrency Trading Pairs + Fiat Deposits
- 2. PrimeXBT Review: CONS
- 2.1. Limited Selection of Altcoins
- 2.2. Restricted Services on a Regional Basis
- 3. Pricing and Fees
- 4. How to Use PrimeXBT
- 4.1. How to Register on PrimeXBT
- 4.2. How to Deposit Funds to PrimeXBT
- 5. Conclusions
PrimeXBT Review: PROS
With the basics covered, let's now explore the key advantages of PrimeXBT, especially from a crypto trader's perspective. As mentioned earlier, PrimeXBT is a multi-asset trading platform that supports everything from forex to stock CFDs.
A quick disclaimer: for the purpose of this PrimeXBT review, I'll focus primarily on its cryptocurrency offerings.
While crypto is just one part of what the platform provides, it remains a core feature. There are several aspects that make PrimeXBT a strong choice for crypto traders, which I'll highlight in the sections below.
What this means is that while PrimeXBT might be a great place to trade different assets, and while it may also provide unique benefits tied to each market, my attention will be focused almost entirely on the cryptocurrency side of things.
With that out of the way, let's jump into the first pro mentioned in many PrimeXBT reviews. And what better place to start than with one of its signature features – crypto leverage options.
Some of the Highest Leverage Options in Crypto Trading
Whenever you’re trading cryptocurrencies, you probably have a set amount of capital that you work with – if not, you definitely should. The size of that capital often determines the scale of your trading positions. In general, the more you commit, the more you can gain (or lose).
This capital typically comes from either fiat money or cryptocurrency balances, depending on how the trader funds their account.
But not every trader arrives with a large balance. In fact, a single look at some of the PrimeXBT reviews found online will tell you that many who trade on this exchange are everyday retail traders or newcomers looking to grow their exposure gradually. That's where leverage comes into play.
In asset trading, leverage allows you to borrow funds from the platform to amplify the size of your position. This gives you the potential to gain substantial profits, but works the other way around, as well – you might face significant losses if the trade goes against your predictions.
Most user PrimeXBT reviews found online are unanimous – the exchange offers some of the highest leverage options in the crypto trading space, with up to 500x leverage available on certain cryptocurrency pairs. This level of flexibility can be appealing for traders who have strong market convictions but limited capital.
Crypto trading on PrimeXBT is available across three integrated platforms: MetaTrader 5 (MT5), the in-house PXTrader terminal, and the dedicated Crypto Futures dashboard. Each offers different tools and features to suit a variety of trading styles.
However, leverage should always be used with caution and a clear risk management strategy.[1] If you're unsure, it's best to consult with a licensed financial advisor before engaging in leveraged trading.
Cost-Effective and Intuitive Crypto Futures Trading
As previously mentioned, in addition to CFD crypto trading through MT5 and PXTrader, PrimeXBT also supports crypto futures – a popular choice among traders looking to speculate on price movements without owning the underlying asset.
Futures trading on PrimeXBT involves perpetual contracts, a widely used instrument in the crypto industry that allows traders to open and manage positions without an expiry date or settlement time.
Traders can take long positions (expecting prices to rise) or short positions (expecting prices to fall), making it possible to benefit from both upward and downward market moves. While this trading style can be highly strategic, it also comes with risk and should be approached carefully.
Futures trading on PrimeXBT includes adjustable leverage and two margin types: cross margin and isolated margin. These can be easily switched from the trading dashboard.
Isolated margin offers more control per position and allows leverage up to 200x, while cross margin shares margin across all open positions and offers leverage up to 500x, providing greater exposure for advanced strategies.
The PrimeXBT crypto futures dashboard is built for performance and customization. Traders can personalize the layout, create watchlists, manage orders, and trade directly from the chart for a streamlined workflow. This makes the interface suitable for both beginners and experienced users seeking efficiency and flexibility.
As for fees, crypto futures trading pairs well with competitive rates. Maker fees are set at 0.01% and taker fees are as low as 0.015% with VIP status. These low rates help support cost-effective trading for active users.
If you want to learn more, check out this review I wrote specifically about crypto futures trading on PrimeXBT.
Very Strong Security Measures
Security is often a top concern for anyone trading cryptocurrency. It makes sense, though. The crypto market is volatile enough as it is, and with hacks and scams[2] being a prominent issue in the industry, you’d probably want to guarantee the highest levels of security in your crypto trading ventures.
So, is PrimeXBT legit when it comes to security? The answer is yes – PrimeXBT implements multiple layers of protection to help safeguard your funds and data.
On the infrastructure level, PrimeXBT runs its operations through AWS web services, a trusted leader in secure cloud computing. This provides enterprise-grade protection for uptime, scalability, and data integrity.
In addition to standard practices like two-factor authentication (2FA), encryption, and anti-phishing tools, PrimeXBT goes further when it comes to protecting your crypto holdings. A large portion of user funds is kept in cold storage devices – one of the most secure methods available for storing digital assets offline.
You see, some of the less secure trading platforms do not employ this as a form of security. Instead, they store cryptos in hot wallets, which remain online and are more vulnerable to attacks. PrimeXBT reduces this risk by isolating assets from internet exposure.
Cold storage usually refers to hardware devices, like Trezor Safe 5 or Ledger Flex. Such wallets are not connected to the web by default, which means that potential hackers are not able to reach your crypto funds.
Security-wise, PrimeXBT positions itself as a top-tier platform by following best practices across both infrastructure and asset management. For traders seeking a platform that takes security seriously, this is a major advantage.
📚 Related: Cryptocurrency Security Guide
Simple to Use
While we’ll explore the registration and onboarding process shortly, it’s worth noting that many user PrimeXBT reviews highlight how easy the platform is to navigate.
Of course, no trading platform that offers leveraged positions, charting tools, and multi-asset access can be considered truly simple. But compared to many alternatives, PrimeXBT manages to deliver a well-balanced experience that caters to both new and experienced traders.
Many crypto-exclusive exchange platforms still struggle with this balance. It’s often challenging to present advanced trading tools in a way that remains user-friendly and accessible across different devices.
PrimeXBT earns consistent praise for its clean interface and intuitive layout. Tools are logically arranged, unnecessary features are kept out of the way, and the learning curve is relatively low compared to similar platforms.
This ease of use also extends to the PrimeXBT mobile app, which mirrors the desktop platform’s core functionality with a streamlined design optimized for on-the-go trading.
Additionally, the platform supports a range of fiat and crypto funding options, allowing users to quickly and easily deposit assets to get started. Whether you're accessing the platform via browser or mobile, PrimeXBT keeps the user experience efficient and straightforward.
Fiat Currency / Cryptocurrency Trading Pairs + Fiat Deposits
In order to deposit fiat money or even make fiat/crypto trades, a trading platform needs to go through a lot of technical and legal hoops. That is why, in many exchanges, you are not able to deposit fiat money, or can only trade crypto to crypto. That's not the case with PrimeXBT.
The trading platform in question allows depositing funds using fiat currencies, such as USD, EUR, ZAR, INR, and others, which is an aspect praised in many PrimeXBT reviews online. These deposits are automatically converted into a USD-based trading account, making it easy for users to get started regardless of their local currency. It’s actually a pretty big deal!
For anyone entering the market without existing crypto, PrimeXBT makes the process straightforward. After making a fiat deposit, funds can be converted into stablecoins like USDT or USDC using the Exchange feature, and from there, easily converted into a wide range of cryptocurrencies. All of this happens directly within the same platform, without needing to use external wallets or services.
PrimeXBT supports multiple base currencies for trading accounts, including USD, BTC, ETH, USDT, and USDC. This means that once your account is funded with any of these currencies, you can trade a wide variety of markets such as crypto, forex, commodities, indices, and stock CFDs.
For example, a user with a BTC-funded account can trade forex pairs like EUR/USD or commodities like Gold, with trades and profits settled in BTC. Similarly, someone who deposits in USD can trade ETH/USDT on Crypto Futures, with the trade settled back into USD.
This multi-currency structure provides greater flexibility compared to typical crypto-exclusive exchange platforms and removes many of the barriers to entry for traders with different funding preferences.
PrimeXBT Review: CONS
Now that we’ve discussed some of the most prominent and most commonly-referenced positive user PrimeXBT reviews, it's only fair to highlight a few limitations that some traders might experience when using the platform.
To be fair, though, there’s not a lot to talk about. However, one concern that appears in multiple reviews is the limited variety of supported cryptocurrencies.
Limited Selection of Altcoins
PrimeXBT currently supports over 130 cryptocurrency trading pairs, including many of the largest and most actively traded assets in the market. However, compared to some other exchange platforms that offer hundreds or thousands of altcoins, this number may still feel relatively small – especially to traders looking to explore low-cap or niche projects.
The majority of pairs available on PrimeXBT focus on high-volume, well-established cryptocurrencies, including:
Now, if you’re an entry-level crypto trader, then the above-mentioned cryptocurrencies should be more than enough. In the vast majority of cases, beginner traders tend to start off with Bitcoin or Ethereum either way – so, for them, broad coin support isn’t really needed.
If you’re a more experienced trader, though, and would like to diversify your cryptocurrency portfolio, the lack of coin support might prove to be a limitation. It ultimately depends on your trading goals and whether deep altcoin exposure is part of your strategy.
📚 Check Out: Best Altcoin Exchanges
Restricted Services on a Regional Basis
If you’re located in the US or Canada, unfortunately, PrimeXBT is not supported in these countries. This is actually one of the most commonly cited drawbacks of the platform in user PrimeXBT reviews.
These regional restrictions are due to financial regulations and legal frameworks in place within the US and Canada. While PrimeXBT operates in over 150 countries worldwide, that’s little comfort to individuals based in either of these large and influential markets.
There are also additional countries where PrimeXBT services may be restricted, but the United States and Canada stand out due to the size of their trading communities.
Naturally, this leads some users to question the platform’s global legitimacy. And while the answer to the question "Is PrimeXBT legit?" remains a confident yes, it’s worth noting that such restrictions are not uncommon. Even some of the world’s largest and most reputable exchanges limit access to users in the US and Canada due to the complexities of local regulatory requirements.
For traders in these regions, PrimeXBT simply won’t be a viable option.
📚 Check Out: Best US Crypto Exchange
Did you know?
All Crypto Exchanges may look similar to you but they're NOT all the same!
Pricing and Fees
One of the final areas to cover in this PrimeXBT review is the fee structure.
I can tell you in advance, though – PrimeXBT fees are among the most competitive in the industry, and in some cases, there are no trading fees at all.
PXTrader and MT5: 0% Trading Fees
Across both the PXTrader terminal and the MetaTrader 5 (MT5) platform, there are no trading fees on any instruments – including crypto, forex, commodities, indices, and stock CFDs. These trades are handled using market spreads only, with no additional commission fees.
VIP traders can also receive spread discounts based on their account tier, adding even more value for active users.
This 0% fee structure makes PrimeXBT a strong option for traders looking to manage costs without sacrificing access to multiple markets.
Crypto Futures: Low Maker and Taker Fees
For those trading on the Crypto Futures dashboard, fees are charged using a maker-taker model:
- Maker Fee: 0.01%
- Taker Fee: Ranges from 0.045% (standard) down to 0.015% (VIP 2)
These rates are highly competitive, particularly for users who qualify for VIP status.
To increase your VIP status, you have to increase your cumulative 30-day trading volume across all supported PrimeXBT markets.
Financing and Other Fees
Outside of trading, certain financing fees may apply when holding positions overnight or using leverage. These vary depending on market conditions and the instrument being traded, but they are transparent and in line with industry standards.
Swap-Free Accounts
For traders who cannot or prefer not to pay or receive interest, PrimeXBT offers swap-free alternatives:
- Standard Swap-Free: A fixed USD/lot administrative fee is applied daily instead of traditional overnight interest.
- Extended Swap-Free: No administrative fees for the first 3 days on eligible instruments. Fees begin from day 4 onward.
- Regular Accounts: Standard overnight swap rates apply, including triple swaps for positions held over midweek.
This flexibility allows traders to choose an account type that aligns with their personal preferences or financial requirements.
If you're interested in the full breakdown of PrimeXBT fees, check out their official website for the most up-to-date details and account options.
How to Use PrimeXBT
Up to this point in my PrimeXBT review, I've discussed the fees, talked about the benefits of the platform, and its shortcomings. All that’s left to do now is show you how easy its registration and most basic features are.
How to Register on PrimeXBT
Let's start at the beginning – the registration process on PrimeXBT is really quick and straightforward.
That’s it. You’re in. If you choose to test out the platform first, feel free to practise using a risk-free demo account with virtual funds – a feature you'll find mentioned in several positive PrimeXBT reviews.
However, to actually start using PrimeXBT (aka unlock deposits and access all services), you'll have to verify your identity by providing your ID, a selfie, and some basic information.
How to Deposit Funds to PrimeXBT
When you're ready to go live and trade with real funds, here's how you can add funds to your PrimeXBT account:
![PrimeXBT review: the [Deposit] button.](https://assets.bitdegree.org/images/primexbt-review-deposit-button.jpg "PrimeXBT review: the [Deposit] button.")
As you can see, getting started on PrimeXBT is quick and straightforward, with multiple options for registration, trading, and account funding.
- Secure and reliable
- Accepts fiat currencies
- Lots of trading options
- Reputable exchange
- Accepts fiat currencies
- Offers various trading options
- Huge trading variety
- Regulation-compliant around the globe
- Fair trading fees
- Beginner-friendly
- A wide array of features
- Vast number of different crypto coins & tokens
- Beginner-friendly
- Secure
- Decent trading and withdrawal fees
- Crypto.com Visa Card
- Automated tools & bots
- Ecosystem synergy with CRO
Conclusions
Now, summing up my PrimeXBT review, one question remains – would I recommend using this trading platform?
Yes, I would.
As you’ve probably gathered already, PrimeXBT offers a streamlined way to access crypto, forex, commodities, indices, and stock CFDs, all from one account. Even with all these options, though, the site is comparatively simple to use.
On top of that, with 0% trading fees across MT5 and PXTrader, convenient crypto and fiat payment methods, and 24/7 live human support, the platform makes it easy to take control of your trading without high costs or unnecessary complexity.
If you're looking for a flexible, multi-market trading experience, PrimeXBT is worth checking out.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. Akhtar J., Sardar T., Khan F. S.: 'Financial Risk Management in the Age of Cryptocurrency';
2. Asad S., Zaheer F.: 'Digital Asset Scams and Cryptocurrency Fraud: Investigating the Tactics of Convicted Fraudsters'.
About Article's Experts & Analysts
- + Competitive fees
- + Very secure
- + Different asset classes available for trading
- + Full fiat support
- + Supports up to 500x leverage
- - Limited altcoin selection
- - Does not operate in the US and Canada
See BETTER-RATED Exchanges
A very well-designed multi-asset platform for trading crypto, forex, commodities, indices, and stock CFDs.
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