Security, Usability, Look & Feel - A sleek website design found in our Prime XBT reviews
We at TradersBest.com looked into the security history of Prime XBT and found it to have no record of hacks or major or minor breaches. Prime XBT takes the protection of their customers seriously and is why they are such a reliable platform.
Prime XBT is available to access on the computer and via the free app on both IOS and Android devices. On the computer, the website is landscape in display, whereas on the mobile devices it is portrait. But if you want to increase the size of the asset charts on your phone you can use the landscape option.
PrimeXBT Highlights
- Competitive trading fees
- Simplistic trading platform
- Create an account anonymously
Prime XBT uses dark blue and dark grey as their website colours, making Prime XBT look sleek and refined. Whether you choose to trade on the computer or on a mobile device, it is easy to navigate on the platform as the layout is clear and easily accessible.
The website is available in eight languages including English, Chinese and Russian but its customer service, however, is only available in English and Russian.
You are able to trade multiple assets at a time so you shouldn’t feel limited. You can trade crypto on Prime XBT however there are only five cryptocurrencies available which is a small amount compared to other platforms, i.e. our Swissquote review.
How to Trade – Our step-by-step trading guide to Prime XBT
To open an account, you click on the “Register” button at the top right-hand corner of the website. It will then tell you to fill in your email and choose a password. You then agree to the terms and conditions and click “Register” at the bottom of the screen to continue.
You will then get an email confirmation to verify your email address, once you click on the link, you will be logged into your Prime XBT account and no more details or verification are needed.
There will be a screen that allows you to make a Bitcoin deposit. There are two options, you can either use the personal QR code to scan with a Prime XBT Bitcoin address you can copy to deposit into. Or you can purchase Bitcoin with a credit/debit card. Once purchased, you can begin trading immediately.
You will then be taken into the account area where you will find a digital wallet that holds all the Bitcoin and the trading platform that uses the funds directly from the wallet.
Once on the trading platform tab, you can trade directly by clicking on the asset charts.
To open a position, there is a “Sell” tab highlighted in red and a “Buy” tab in green near the top of the page. It will show you a new order, where you can pick the market, the amount you want to trade and whether it is to ‘Buy’ or ‘Sell’.
Once completed, you click on “send order” then “confirm” and your trade is live.
| Company | Prime XBT Trading Services LLC |
| Headquarter | Pacific Pines, Queensland 4211, Australia |
| Year of Founding | 2018 |
| CEO | Zigmund Stein |
| Website | primexbt.com |
| Available Languages | English, German, French, Italian, Spanish, Russian, Portuguese, Japanese |
| Customer Support | Live Chat, Email Support |
| Email | support@help.primexbt.com |
| Phone | – |
| Licence | VFSC – Vanuatu Financial Services Commission |
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| Verified by | – |
| Payment Methods | |
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Payments - Easily deposit Bitcoin into your Prime XBT wallet
If you want to trade on Prime XBT, the minimum deposit is 0.001BTC. Prime XBT does not charge any deposit fees.
You have the option to deposit directly from your personal Bitcoin wallet into the Prime XBT wallet. You copy the Prime XBT wallet address into the destination field of your wallet you are sending the funds from. Or you can scan the QR code Prime XBT has provided. It usually takes up to 40 minutes but processing times can vary.
Your other option is to buy Bitcoin with a credit/debit card or bank transfer via their 3rd party exchange services. However, these services do charge a handling fee, so we recommend you deposit the money from your personal wallet into the Prime XBT crypto wallet, to avoid the 3rd party fees.
Once the funds are in your Prime XBT crypto wallet, you can start trading immediately.
Customer Service - A reliable customer support team at Prime XBT
Prime XBT has a reliable customer support service, with a team that is eager, available 24/7 and free to contact. The support team is knowledgeable however the only languages they communicate in are English and Russian.
Prime XBT customer support is available through two email addresses, support@primexbt.com and info@primexbt.com, which are usually responded to within a few hours. If you send an email at night, it will be replied to the next morning.
If you want a quicker response time, Prime XBT do have instant web chat on the website and on the trading platform. The team is quick to answer you, from when you first start a live chat session, you usually get a response within seconds.
Prime XBT are also available on social media, like on Twitter and Reddit if you find it easier to reach out there, but the response time is not as quick as the instant web chat.
License & Security - Is Prime XBT fully-licensed?
For this Prime XBT review India, we found it to be regulated by SVGFSA in St Vincent.
We researched Prime XBT’s claim to have ‘Customer asset protection’. This involves a cyber-security framework with only the strictest measures being in place to protect the customer’s assets.
Prime XBT does regular security audits to make sure the website complies with the highest security standards.
Prime XBT uses 2FA authentication provided by Google Auth to prevent any unauthorised access. They also use multi-signature technology to ensure cold storage or offline storage of clients digital assets.
This platform also uses a hardware security with a rating of FIPS PUB 140-2 Level 3 or higher which in this Prime XBT crypto review is an exceptionally reliable rating compared to other sites.
There is also an encrypted SSL on this website (HTTPS) to ensure the security of the website traffic. Cloudflare Inc ECC CA-3 is the certification used to prove the identity of a computer.
Reputation and Customer Feedback – User reviews on Prime XBT
Prime XBT has received encouraging feedback from clients who use the platform. It is accessible for those who are at a beginner level of trading, and it meets the needs of those at higher levels of expertise on trading.
Customer reviews have shown Prime XBT has a highly responsive and helpful support team if you do have any queries or concerns.
In doing this Prime XBT review 2023, we highlighted that although some clients did not like its amount of fees, they recognise the useful content and tools on the platform and its overall efficiency.
Clients also like having multiple assets all in one place to trade.
Overall Conclusion - An excellent Bitcoin-based platform
Prime XBT is a Bitcoin-based blockchain trading platform. It operates from Seychelles with over 150 countries worldwide. We at TradersBest.com believe Prime XBT guarantees exceptional customer service and a high standard of usability throughout the platform. From this Prime XBT review, we recognise their quality of security standards and procedures that are in place to prevent any cyber-attacks.
The process to register an account is straightforward and as the website says, it only takes approximately 40 seconds to complete. The only concerns would be there is no demo account option. There is also a lack of personal details needed to open an account.
But there is a high level of protection of your assets in your digital wallet. The platform is suitable for users at a beginner level or those who are more experienced too. We would recommend you try out Prime XBT because of its reliability and easy to use interface. Once you’ve bought your crypto, you can even use it at certain online casino sites if you so wish.
Prime XBT Review FAQ
💸Can I Trade Bitcoin on Prime XBT?
You are able to trade a number of assets including forex, commodities and cryptocurrencies on Prime XBT. The platform uses Bitcoin as its main currency as it operates as a blockchain trading site. More information on what cryptocurrencies are and all the ins and outs of trading cryptos can be found on our crypto trading section of our website.
🔒Is Prime XBT Safe?
Just like other trading platforms, Prime XBT believes the security and safety of its customers and their assets is extremely important. We at TradersBest.com researched Prime XBT and know their security measures and regulations are a high standard. We trust the reliability of Prime XBT and think you should check them out too.
❓Is Prime XBT available in India?
Prime XBT is an online crypto broker that has an international reach of over 150 countries. It is restricted in certain countries but that has not stopped its expansion since starting in Seychelles in 2018. Prime XBT is becoming quite a successful trading platform. To find out more about Prime XBT and what locations it is accessible in, check out our Prime XBT Review 2021 India here.
Highlights
- Instant Order Execution
- Low fees
- 24/7 support
