CFD
Forex
Crypto
84/100
Rating
Go to PrimeXBT CFD
Highlights
  • 24/7 live support
  • Fees from 0.001%
  • Low minimum deposit
86/100
Rating
Go to PrimeXBT Forex
Highlights
  • Instant Order Execution
  • Low fees
  • 24/7 support
78/100
Rating
Go to PrimeXBT Crypto
Highlights
  • Competitive trading fees
  • Simplistic trading platform
  • Create an account anonymously

Crypto Trading Prime XBT Review India 2021

In this Prime XBT review, we discovered the platform provides a high level of security. The customer accounts are 100% anonymous with no personal details required to create one.

Their service fees, although there are a few, are competitive just like their trading conditions. However, Prime XBT does not have a demo account, so if you want to practice the option is not available. But they offer several tools and guides to help clients who are new to trading.

Prime XBT: Pros & Cons
Prime XBT: Pros & Cons
  • Create an anonymous account
  • Competitive trading fees
  • A trusted and reliable provider
  • No demo account
Company
CompanyPrime XBT Trading Services LLC
HeadquarterPacific Pines ,Queensland 4211 ,Australia
Year of Founding2018
CEOZigmund Stein
Web Siteprimexbt.com
Available LanguagesGerman, French, English, Italian, Spanish, Russian, Portugese, Japanese
Customer SupportLive Chat, Email Support
Email[email protected]
Phone-
Licence
VFSC - Vanuatu Financial Services Commission
Verified by-
Payment Methods
Bitcoin
Show More

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.

78/100
Rating
PrimeXBT Highlights
  • Competitive trading fees
  • Simplistic trading platform
  • Create an account anonymously
Go to PrimeXBT

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
CompanyPrime XBT Trading Services LLC
HeadquarterPacific Pines ,Queensland 4211 ,Australia
Year of Founding2018
CEOZigmund Stein
Web Siteprimexbt.com
Available LanguagesGerman, French, English, Italian, Spanish, Russian, Portugese, Japanese
Customer SupportLive Chat, Email Support
Email[email protected]
Phone
Licence
VFSC - Vanuatu Financial Services Commission
Verified by
Payment Methods
Bitcoin
Show More

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.

Bitcoin

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, [email protected] and [email protected], 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.

VFSC - Vanuatu Financial Services Commission

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 2021, 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.

PrimeXBT Crypto

Cryptocurrencies - What’s available at Prime XBT?

Prime XBT only uses Bitcoin as their currency, so operates on Bitcoin-based exchanges as a blockchain platform. We at TradersBest.com put together this Prime XBT review 2021 to find out if this crypto platform is right for you.

We researched cryptocurrencies and knew that they are digital and use a decentralised network to carry out transactions. Prime XBT uses a blockchain system because of its privacy and security, making it a reliable platform.

78/100
Rating
PrimeXBT Highlights
  • Competitive trading fees
  • Simplistic trading platform
  • Create an account anonymously
Go to PrimeXBT

We checked out the cryptocurrencies available to trade on Prime XBT in India. As Prime XBT only accepts Bitcoin payments, it is an effective blockchain platform that operates in over 150 countries. The platform offers leveraged crypto trading of digital assets.

Prime XBT crypto trading includes Bitcoin, Ethereum, Ripple, Litecoin and EOS.

In this Prime XBT crypto review, we found that when a client creates an account, they will have a secure digital wallet for their Prime XBT Bitcoin. If you want to purchase Bitcoin to trade on Prime XBT, then this can be done by either purchasing the crypto using fiat money via a credit or debit card. Or transferring Bitcoin into the digital wallet using a QR code or personal address.

Trading with Prime XBT crypto India means you do not own the cryptocurrency, but rather watch and monitor the movement of the asset and see how the prices change. This is the same for other assets as the trading takes place online, so you do not get a physical copy.

Fees - What fees are involved with Prime XBT trading?

Prime XBT is Bitcoin-based, so it is the only currency used for transactions on the platform. In this Prime XBT review, we discovered the site does charge several fees that you should think about before creating an account, which include:

Overnight fees if you have an account that maintains an open position overnight.

Withdrawal fees, if you want to withdraw any funds, Prime XBT charges a withdrawal fee of 0.0005BTC.

Conversion fees, if you also want to convert your Prime XBT Bitcoin into fiat money, (government-issued currency), you will be charged a fee, depending on how much of your funds you want to convert.

Commission fees, the average trading commission on Prime XBT depends on the instruments you want to trade. For Prime XBT crypto assets, they charge a fee of 0.05%. If the client is trading forex, the average fee is 0.001% whereas indices and commodities charge a 0.01% commission.

Jurisdictions and Limits - Prime XBT crypto trading regulations

Prime XBT has a long list of restricted countries. Some of these include America, Canada, Iran, Syria, North Korea, and countries under the sanctions of the United Nations or the European Union. Unlike other platforms, such as our eToro review, that are available in more jurisdictions.

Prime XBT is available in 221 countries however, including India. If you are travelling to any of the restricted countries, you must be aware that the services may not be available to you.

78/100
Rating
PrimeXBT Highlights
  • Competitive trading fees
  • Simplistic trading platform
  • Create an account anonymously
Go to PrimeXBT

Prime XBT ensures that the customers trading on the platform must confirm their country of residence at the time of registration. IP checking is a method that is used to make sure the IP address matches the country the customer originally selected.

They do have the right to ask you for additional documentation if they feel you are in a country that does not have access to the website. The compliance department could ask you for a proof of address or ID verification depending on various factors of client activity.

Other Trading - Can I trade anything else on Prime XBT?

As well as being able to trade crypto on Prime XBT, you can trade other assets too. These include trading forex, indices, and commodities. Unlike other platforms including our XM review and Forex.com review, you cannot trade CFDs however.

Forex is a highly volatile market, but it does increase the chances to buy and sell the assets you have. When the market has more movement, the better it is for your capital and your potential to earn more.

You can trade major and minor currency pairs available, although there are commission fees charged. The pairs you can trade include EUR/USD, GBP/USD, AUD/CAD, and AUD/USD.

You can also trade indices available on Prime XBT whenever the relevant stock exchanges are open. Prime XBT indices include S&P 500, FTSE 500, ASX 200, and NASDAQ 100 to name a few.

Commodities like Brent, Oil and Gold can be also traded on Prime XBT. It is popular with clients to speculate and monitor the prices of each asset. These assets are a margined product so can be subject to an overnight financing fee if the position remains open overnight.

Prime XBT operates 24/7 so you can trade at different times of the day depending on the opening and closing time of markets.

78/100
Rating
PrimeXBT Highlights
  • Competitive trading fees
  • Simplistic trading platform
  • Create an account anonymously
Go to PrimeXBT

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. 

84/100
Rating
PrimeXBT CFD
*****
Go to PrimeXBT CFD
Highlights
  • 24/7 live support
  • Fees from 0.001%
  • Low minimum deposit

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