About Primexbt.com
Primexbt.com is a Bitcoin-based platform, offering a leveraged trading on several digital assets including Bitcoin, Ethereum, Litecoin, and Ripple. The company was founded in 2018 and from the very first day, they have grown exponentially and currently serve clients in more than 150 countries. They provide clients with access to top-tier liquidity and wide range of trading tools, while maintaining security, liquidity, enabling a safe and efficient trading environment for everyone.
Operating company
| Exchange name | Primexbt.com |
| Support | 24/7 |
| Withdraw Fee | 0.0005 BTC |
| Futures trading | Present |
| Minimum Deposit | 0.001 |
| Commission | Flat fee, per trade |
| Official site | https://primexbt.com |
Technology
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. Entire infrastructure is designed to facilitate high number of orders per second and extreme loads, while offering ultra-fast order execution and low latency. The traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. They are proud to offer such innovative products and professional trading conditions to all our customers.
Vision and values
Everything they do, from Primexbt.com continuous investment in R&D to the ongoing expansion of product offering to our clients, is a demonstration of how dynamic Prime XBT really is. It is always our aim to serve the best interests of clients and continue providing the best in class digital asset trading experience in the industry.
Pricing
In pricing, PrimeXBT follows clear principles – prices should be competitive and transparent, and never burdened with false incentives. In most assets, we offer volume-based fees that allow you to benefit from more attractive prices as your trading activity increases. Please contact support@primexbt.com | for individual trading conditions.
Fees
PrimeXBT charge two types of fees: trade fee and overnight financing. Since instruments at PrimeXBT are leveraged products, you finance the traded value through an overnight financing. This borrowing cost (financing) is dependent on the liquidity of the underlying asset. If you open and close a leveraged position within the same trading day, you are not subject to overnight financing.
| Symbol | Trading fee | Financing/day Long | Financing/day Short |
|---|---|---|---|
| BTC/USD | 0.05% | -$16.0 per 1 BTC | -$16.0 per 1 BTC |
| ETH/USD | 0.05% | -$0.60 per 1 ETH | -$0.15 per 1 ETH |
| ETH/BTC | 0.05% | -₿0.000060 per 1 ETH | -₿0.000015 per 1 ETH |
| LTC/USD | 0.05% | -$0.20 per 1 LTC | -$0.05 per 1 LTC |
| LTC/BTC | 0.05% | -₿0.000020 per 1 LTC | -₿0.000005 per 1 LTC |
| XRP/USD | 0.05% | -$0.0012 per 1 XRP | -$0.0003 per 1 XRP |
Trading limits
Primexbt.com exposure limit is a restriction on the size of a position each individual client can maintain with PrimeXBT. The trading platform will not allow clients to place orders which will exceed the limit if executed. The restriction is set by the PrimeXBT risk management department and depends on such factors as instrument liquidity, volatility and other market conditions.
| Symbol | Min. order size | Min. order size change | Max. single trade size | Max. exposure |
|---|---|---|---|---|
| BTC/USD | 0.01 BTC | 0.01 BTC | 100 BTC | 100 BTC |
| ETH/USD | 0.01 ETH | 0.01 ETH | 1000 ETH | 1000 ETH |
| ETH/BTC | 0.01 ETH | 0.01 ETH | 1000 ETH | 1000 ETH |
| LTC/USD | 0.01 LTC | 0.01 LTC | 1000 LTC | 1000 LTC |
| LTC/BTC | 0.01 LTC | 0.01 LTC | 1000 LTC | 1000 LTC |
| XRP/USD | 1 XRP | 0.01 XRP | 150000 XRP | 150000 XRP |
Margin requirements
PrimeXBT allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
BTC/USD
| From | To | Margin requirement | Leverage |
|---|---|---|---|
| 0 | 10 | 1% | 1:100 |
| 10 | 60 | 2% | 1:50 |
| 60 | > | 10% | 1:10 |
Wallet Security
Primexbt.com majority of customer digital assets (Bitcoin) are held in offline storage system (“Cold Storage”). Only a small portion of digital assets are held in online wallet (“Hot Wallet”). They use Multi-signature access (“Multisig”) to provide both security against attacks and tolerance for losing access to a key or facility, eliminating single points of failure. All fund transfers from Cold Storage to Hot Wallets are handled manually and require the coordinated actions of multiple employees.
2FA
A dual factor authentication (also known as 2FA or two-step verification) is a security process that requires the user to provide two different authentication factors to verify themselves. It gives a higher level of assurance than single-factor authentication (SFA) methods, that require to only provide one factor (usually a password).
It’s one of the best ways to secure your account and the setup process is very easy so we strongly recommend you to enable 2FA for your account immediately after you complete the registration process. The 2FA system uses a TOTP solution which means it requires a Google Authenticator app. It’s more secure and reliable than using SMS as 2FA solution.
Customer asset protection
Extensive cyber-security framework is implemented in order to ensure that strict measures and practices are in place to protect customer assets against any eventualities and threats. They are conducting periodical stress tests and security audits to ensure compliance with the strictest security standards.
