PrimeXBT is a binary options trading provider that provides an array of assets and markets for traders to invest in.
Unlike some binary brokers out there, PrimeXBT is regulated by the Financial Conduct Authority (FCA) with a license number FCA F20752.
This means traders can trade with PrimeXBT knowing they are protected by the UK’s regulator and government. Here are we can be PrimeXBT Review in detail.
What is PrimeXBT
PrimeXBT is a crypto currency exchange that provides various markets for traders to buy or sell cryptocurrencies. It also offers leveraged trading, margin trading and lending. The PrimeXBT website allows users to be able to trade with up to 2x leverage which is higher than the industry average of 1x
The Exchange
PrimeXBT is currently offering trading pairs in Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). To note the current number of assets available for trade on PrimeXBT’s website is at 364 coins. This includes many lesser known coins or coins with smaller market capitalizations which gives traders greater diversity.
Security on PrimeXBT
One of the features that is often touted by crypto currency enthusiasts or one of the selling points when comparing exchanges with others is security.
This is crucial for any exchange to become trusted within this space as security breaches are common in crypto world. They can be due to technical issues, hackers, phishing scams or human error.
PrimeXBT has a security page on their website where you can view the most updated news and information about security on the exchange. There is also a link to Kaspersky labs which they have partnered with to conduct regular checks of the website for suspicious activity.
PrimeXBT Fees
PrimeXBT charges each trader a 0.5% fee for all trading transactions. This is one of the lowest in the industry. They also provide leverage trading which gives traders greater buying power, to read more about how much you can trade with 2x leverage by comparing our Leverage page against other exchanges. You can view them here.
In addition to the trading fees, PrimeXBT also provides a lending / margin trading service which allows traders to loan and borrow funds from other traders. Users receive interests for funds that they lend or alternatively can leverage their trades by borrowing money.
The team behind PrimeXBT
Prime XB has a professional team of experienced individuals who have worked across the traditional and cryptocurrency space. They provide a good mix of both technical skills as well as business expertise.
Where to trade now?
If you are interested in trading on this exchange now, you can do so from the comfort of your home by opening a new account directly.
Why people should use PrimeXBT
One of the most important factors of any cryptocurrency exchange is its security. The exchanges are an attractive target, as the cryptocurrency industry continues to grow, because of the valuable assets they store on their servers. This means that cybercriminals are constantly probing for potential weaknesses in order to steal valuable data or compromise systems.
PrimeXBT has a security page on their website where you can view the most updated news and information about security on the exchange. There is also a link to Kaspersky labs which they have partnered with to conduct regular checks of the website for suspicious activity.
PrimeXBT offers many different trading pairs so traders will find something that suits them best.
Conclusion
In conclusion, PrimeXBT is an entry level cryptocurrency exchange that provides its traders with great leverage as well as high liquidity as they have a large volume of daily transactions. This offers diversity and choice for traders.