PrimeXBT - Features, Fees and Safety (2021)

Over the past three years since the launch of PrimeXBT it has found its place at the top of cryptocurrency market and today is one of the most respected cryptocurrency trading platforms in operation, providing its users and the crypto market in general with a wide range of tools and services, and being known for being one of the safest trading platforms on the market.

As the number of traders and investors using this platform has increased significantly over the past few months, many new uses of searching for information about the features, fees, and safety of PrimeXBT and how to get started with using this platform in 2021.

This guide breaks down this question taking a look at what PrimeXBT actually is and what the growth of this platform has been like since its launch, before moving on to looking at a few of PrimeXBT's features and the fee schedule of this platform, and finishing off with a deep dive into PrimeXBT's security.

What is PrimeXBT?

PrimeXBT is the world's leading multi-asset margin trading platform and one that provides cutting-edge trading services for both cryptocurrency and traditional asset traders, and has grown at an exponential rate since its launch in early 2018 to today managing up to 7 billion dollars of global trade each and every day.

PrimeXBT list one of the widest ranges of financial assets to be able to trade, and provides industry-leading leverage on the assets that it does list with this being the core advantage of using PrimeXBT over other platforms being that it has been a multi-asset margin trading folks platform since its launch.

However from 2018 until today, PrimeXBT has dramatically expanded its services to include not just margin trading of cryptocurrencies, but also copy trading, and many other ways of engaging with global markets.

What Has PrimeXBT’s Growth Been Like?

PrimeXBT's growth has been exponential since its launch in early 2018 until today, with this largely being as a result of the myriad of different forms of value that have been built into PrimeXBT that allow its users not only to generate more revenue in the cryptocurrency market, but also to be able to dramatically reduce the risk by using this platform as well.

PrimeXBT started out with a waiting list of more than 150,000 traders when it launched, and over the last few years has rapidly grown in its user base and its trade volumes, with the platform providing high liquidity across all assets and one of the highest trade volumes of any trading platform in the cryptocurrency space.

As PrimeXBT continues to expand its services and its listings, it is predicted that over the coming years that its upward trajectory continues and that more market share is taken by PrimeXBT as it provides optimized outcomes for crypto traders and investors with minimal fees.

PrimeXBT Features:

Powerful Trading Tools

PrimeXBT provides a range of powerful trading tools for its uses to be able to leverage in order to get better results in the market when they trade and invest, with the PrimeXBT platform being a professionally engineered trading environment that has withstood the test of time and that is favored by many uses in the crypto market.

At its core, PrimeXBT has a powerful trading engine that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms allowing for optimal entry and exit points with minimal slippage and the ability for traders to execute trades more successfully.

PrimeXBT also has powerful charting technologies and a wide range of different order types that allow its users to be able to design and execute a myriad of different trading strategies more effectively and more efficiently than on many of the major crypto trading forms.

High Leverage on Cryptocurrencies and Traditional Assets

PrimeXBT provides industry-leading leverage of up to 100X on or cryptocurrencies and up to 500X on or traditional assets on the platform, with these levels of leverage being significantly higher than many other competitors in the cryptocurrency market that offer leverage but at much lower levels than this.

PrimeXBT lists a wide range of cryptocurrencies that included BTC, ETH, LTC, and EOS, and a wide range of the world's leading traditional assets like stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and for expense such as USD/EUR and AUD/CAD.

These two factors combined allow PrimeXBT's uses to be able to access a much wider range of different assets to be able to trade and investing, whilst also been allowing for margin trading on a wide wider range of assets as well with higher levels of leverage available then other crypto trading platforms.

Covesting - Crypto Copy Trading

Covesting is the world's first form of cryptocurrency based copy trading that was created by its parent company, project, Covesting.I/O, in 2017 and has seen rapid success as a result of providing cryptocurrency traders and investors with a way of partnering together for optimize outcomes.

The basic structure of Covesting is that experienced traders known as strategy managers create peer-to-peer investment funds that are tied to the strategies and that other uses known as followers of been able to invest into, with that capital than copying the same trades as the strategy manager, and the manager earning a 20% success fee on all profit generated.

PrimeXBT ran a beta of the Covesting module from April 2020 until August 2020 with it when it was announced as a resounding success with more than $1 million in equity being provided by followers and different strata duties generating up to 1800% ROI for the followers.

PrimeXBT Fees

PrimeXBT provides the lowest fee schedule of any major crypto trading platform with a low flat rate of just 0.05% being applied to all trades, irrespective of the asset class being traded or of the size of the trade.

Since its launch PrimeXBT has maintained lower fees than the majority of other major crypto trading platforms on the market, with this allowing its users to gain better profit margins and to have a lower cost for being able to interact with the market, directly affecting that but profitability positively.

In comparison, other leading crypto trading platforms charge anywhere up to 10 times as much as PrimeXBT charges.

PrimeXBT Safety:

Clear Security Track Record

PrimeXBT is one of only a small number of major crypto trading platforms that has never been hacked or breached by and that has a flawless security track record for being able to protect its uses funds and the data that is stored on the platform.

Unlike PrimeXBT, many major crypto trading platforms have been hacked in recent years, with two of the more noted hacks being the 50 million the act of Binance in 2019 and the 2020 hacked of KuCoin in 20 of four more than $150 million.

Because of the range of powerful security features that PrimeXBT implements, this platform has instead made sure that its uses funds remain safe and this is a positive indicator for the ability of PrimeXBT to protect its uses funds in the future as well.

Wide Range of Bank-Grade Security Measures

PrimeXBT provides a wide range of bank great security measures throughout his platform which are largely responsible for ensuring that the platform has remained hacked free throughout its years of operation.

Some of the security features implemented on PrimeXBT include hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher and cold storage of digital assets with multi-signature technology.

The implementation of the security features and more have been effective in protecting the funds of PrimeXBT's uses, and while there are many security features that are quite common in the cryptocurrency space PrimeXBT also implements a number of unique security measures that have further bolstered its defenses.

No Hot Wallets

One of the more powerful unique security measures that PrimeXBT implemented by PrimeXBT and that ensured that its users have remained safe is the fact that the platform does not use a hot and cold wallet system, but instead only stores its funds in cold wallets.

This has meant that one of the most common attack vectors opens hackers is completely removed by PrimeXBT via the internet.

This security measure as well as others that are unique and powerful have worked in conjunction with each other to ensure that PrimeXBT has remained safe and that it has not been breached by hackers in the same way that many of the cryptocurrency trading platforms have been over the past few years.

In Conclusion

PrimeXBT rapidly grew to becoming a market leader in the cryptocurrency trading space as a result of the advanced and powerful features, tools, and services that it has provided successfully over the past three years to its users.

and Covesting the world's first form of crypto copy trading, have opened up a range of unprecedented value for the clientele of PrimeXBT and the crypto market and the wider crypto market as a whole.

If you’d like to learn more about this platform, the tools and services available there, and how to get started with PrimeXBT, check out this link.