Crypto exchanges are increasingly becoming popular in the blockchain industry and continuously making the digital transaction simpler than ever. There are plenty of crypto exchanges that have already bagged a space in the blockchain world. In this article, you will get a proper review of one such popular crypto exchange, i.e., Prime XBT.
Prime XBT Exchange: An Overview
Registered in Seychelles, Prime XBT is a reliable crypto derivatives exchange. Basically, it helps you choose between investing for long or short. It is a well-established crypto exchange that is lauded by the clients who are currently trading in it. Prime XBT provides a different approach to crypto margin trading. It is constantly trying to bring in more Futures and CFD brokers into its space and increase its relevance. It has been only a year since Prime XBT has entered the market. Irrespective of being a newbie, Prime XBT exchange has showcased a great performance.
This review will further enlighten you regarding the important verticals of its dealing and why it has the potential of emerging as a popular crypto exchange.
Prime XBT Registration
One of the first few things that you need to learn about Prime XBT is its registration. When you need to register with Prime XBT, you will have to create an account with your email and security password. In case you have any referral code, you can add that during the registration. Being a fully anonymous exchange, it is an ideal platform for those who are concerned about their online privacy. Hence, Prime XBT exchange is relatively low on the risk of identity thefts.
Prime XBT Fees
When it comes to crypto exchanges, trading fees are the most crucial part to consider. It is one of those factors that directly impact profitability. Fortunately, Prime XBT has a transparent fee system. There are two types of fees involved in Prime XBT exchange: Trade Fee and Overnight Fee. While Trade Fee is charged for entering the exchange, Overnight Fee is dedicated to financing your position overnight. Take a look at the fee breakdown of Prime XBT-:
|Pair||Trading Fee||Financial/ Day Long||Financial/ Day Short|
It is essential to understand that Prime XBT is dedicated only to crypto exchange. That means you cannot fund fiat currency; you need to make deposits and withdrawals in Bitcoin. For Bitcoin funding, you would need to use Fiat Gateway like Bitstamp and Kraken. When you got hands-on your Bitcoin, funding can become relatively easy. Just go to your account and click on the “Deposit Button” and you will be directed to the deposit page with your Prime XBT Bitcoin address. You can send the Bitcoin using this address. The transaction goes through 6 confirmation for additional security that might slow down the process.
Just like deposits, withdrawing is also quite simple. Go to your account, click on “Withdraw” to find the Bitcoin address. Request for withdrawals and wait for the process to get complete. If you are withdrawing a considerable amount, then it might take some more time to process.
Prime XBT Trading Platform
If you are a crypto trader, you will spend the majority of your time on your trading platform. Hence, it is essential to know more about it. Prime XBT has a powerful trading platform that attracts traders. It has a dedicated technology with extensive functionalities allowing traders to trade with ease and according to their skill levels. There are three major sectors on the Prime XBT platform that can be seen on the header toolbar: administration, information, and trading. Everything is pretty clear on the platform, whether it is stats and facts or order functionality.
Prime XBT Turbo Platform
If you have just got into Prime XBT, you can consider the Turbo Platform for its user-friendliness. It is specially created for those who are new to crypto trading and are learning its nitty-gritty. This platform will give you a position on a particular asset for a specific period of time to get a definitive gain. It is all about making predictions that can provide you with better gains. Another major highlight of the Turbo Platform is its social reach. You can connect to other traders and see what they are doing and analyze their performance. This gives you as a trader ample opportunity to grow in the crypto trading.
Prime XBT Mobile App
Prime XBT has not left any stones unturned when it comes to enhancing the experience of traders. With Prime XBT mobile app, you can trade from anywhere. The intuitive user interface will make everything seamless for you. The app is supported on Android and iOS devices. Prime XBT Mobile app has taken the functionality of the desktop platform to a higher-level compacting everything onto your palms.
Prime XBT Referral
Once you are familiar with the working of Prime XBT and completely satisfied with its functionality, you must gradually move towards its referral programs. With referrals, you can find a brand-new way to earn commissions on every referral registration on the platform. You just need to refer the platform to your friends and family, and once they join in, you will get the commission accordingly.
There’s no doubt in asserting that Prime XBT is a promising crypto exchange that holds excellent potentials. According to crypto experts, in the coming years, Prime XBT can emerge as an effective alternative for traders to leverage their crypto instruments. Several improvements are currently under the pipeline for Prime XBT. It will be exciting to wait and witness its transformation. The above mentioned Prime XBT exchange review will help you in making a well-informed decision about this platform.