PrimeXBT is one of the new crypto exchanges out there. Established in early 2019, this exchange has managed to gain the confidence of many traders and has acquired a massive user-base in a very short time.
PrimeXBT is not your typical cryptocurrency exchange. This exchange offers revolutionary features that make it stand out from the competitors. In this article, we will have a look at the numerous unique features that PrimeXBT has to offer.
Without going any further, let’s get straight to the features.
Leverage trading is a type of trading where you trade cryptocurrency with borrowed money. Most crypto exchanges out there now offer this feature. What makes PrimeXBT so special is that, on this exchange, you can leverage up to 100x on ALL digital assets. This massive leverage is not offered by even the most popular cryptocurrency exchanges.
To get a better understanding of what ‘Leverage Trading’ means, let me give you a simple example. If you have $100 worth of bitcoin and want to trade with 100x leverage, this means that you will have bitcoin worth $10,000 to trade with and earn profit. As the total money you are trading is high, the potential for massive returns is also quite high. But don’t forget the risks that come with leverage trading. I will not be going into detail since this article is about PrimeXBT and not leverage trading.
Diversity in supported assets
Most popular cryptocurrency exchanges only focus on providing a great platform for you to trade cryptocurrencies. This is not the case with PrimeXBT. On this revolutionary cryptocurrency exchange, you can trade cryptocurrencies along with other assets such as Forex, Commodities, and Stock indices.
PrimeXBT is a single exchange for all your investments.
Transparent trading fee structure
While this is not a feature that is unique to PrimeXBT, it is still a great aspect of this exchange. Unlike some crypto exchanges that don’t fully reveal their trading fee structure, PrimeXBT provides its users with all these details. The best part is that the trading fee that you are charged for various assets is ridiculously lower than its competitors.
Read more about the fees here. https://primexbt.com/fees
PrimeXBT offers a customizable layout to its users. This means that the layout of the dashboard, can all be customized to your liking. Every dashboard on the platform is made up of blocks that you can drag and drop anywhere on the page. This ability to customize the looks of the platform gives it a very unique feel.
Cryptocurrency exchanges do provide you with price history charts so that you can analyze and make trading decisions. However, these charts are not nearly as good as professional charts that can be found on websites such as tradingview.com.
So, we often find ourselves switching between tabs to analyze the value of a digital asset on different trades.
PrimeXBT offers professional trading charts for its users. This enables you to do all your technical analysis on this platform itself and place your trades immediately from the same tab. This makes it a very convenient exchange to use.
So much for the features. As you can see, PrimeXBT offers almost everything that a trader needs and this is what it makes so unique in this industry!
Let’s move on to the benefits of PrimeXBT.
Low trading fees
PrimeXBT charges its users an extremely low trading fee. The trading fee while trading Bitcoin is just 0.05% of your traded value and just 0.01% while trading Forex stocks.
This fee is further reduced when you trade a higher value of cryptocurrency, making it a great exchange to trade on.
PrimeXBT makes use of the liquidity provided by other larger cryptocurrency exchanges. By pooling the liquidity offered by 12 different crypto exchanges on a single platform, the liquidity that you see on PrimeXBT is massive. This way, you don’t have to worry about the lack of market movers on this platform.
PrimeXBT has implemented all the latest security practices on its platform. By making use of services provided by Cloudflare, PrimeXBT has mitigated all DDoS attacks on its platform. All cryptocurrency on this platform is stored on cold offline wallets.
This means that these wallets are not connected to the internet, making it impossible for an attacker to gain access to the funds on PrimeXBT. At the account level, PrimeXBT provides features such as SSL encryption of all your requests and a 2FA option to further strengthen the security of every single account.
PrimeXBT values the privacy of its users. This is why it stores no user information on the platform. With no need for any KYC, you will be able to register and start trading on this platform right away.
PrimeXBT is a new crypto exchange with features that can revolutionize this entire space. With great liquidity paired with the latest security practices, PrimeXBT has all the features of a great exchange. It is due to these great features that the exchange has been able to attract a massive user base in such a short duration. As the popularity of this exchange keeps growing, it would be a great crypto exchange to consider trading on.
I’m using it now for almost 4 months and would recommend it any time! If you would like to try PrimeXBT out, you can use my link to sign up and for a special thank you, you can use the coupon code ‘blackbeard’ for a 50% deposit bonus. (max 1 BTC)