Get ready to trade in one of the market’s largest margin trading platform-PrimeXBT and get access to more than 70 asset pairings. PrimeXBT is an award-winning trading platform that supports the trading of cryptos, major stock indices, and commodities, among others.
The platform has become one of the most popular trading platforms since 2018 due to its series of innovative product releases. From its Covesting copy trading module to its “turbo” trading option, it has truly impressed the trading community.
It is a one-stop-shop platform for experienced traders who are looking to advance their trading skills in the digital assets finance market. But, as covered in the complete PrimeXBT review, newcomers can also greatly benefit from the exposure to the finest trading market features and tools through PrimeXBT.
If you are new to the crypto industry and are looking to be part of a safe and secure trading community, then PrimeXBT is the place to be.
How To Open An Account on PrimeXBT
Opening an account on PrimeXBT is super easy and doesn’t need any technical expertise. There are two ways of doing it- through a desktop and a mobile. Follow the steps below, and you will have your PrimeXBT ready in a few minutes!
On a Desktop
- Go to the primexbt.com website and choose “Register” on the top right-hand corner.
- Enter details such as an active E-mail address and a password. The password should be a combination of 8 symbols, 1 upper-case, 1 lower-case and 1 digit.
- You will receive a verification pin from PrimeXBT sent to your E-mail. Remember that the pin is valid for just 15 minutes.
- Enter the 4-digit pin, and a pop-up will appear asking you to confirm that you are not a resident of any restricted countries.
- PrimeXBT does not offer services to a few countries such as the US, North Korea, Sudan, Cuba and a few more. You can confirm your country by going to the “Restricted Jurisdiction” List.
- Tick on the confirmation box, then select “Proceed.”
- Your registration process is complete. A pop-up will show a $500 welcome bonus if you transfer crypto to your account within 24 hours of opening your account. This PrimeXBT sign-up bonus is a 5% deposit bonus of up to $500 when you make your first deposit.
On a Mobile
- Download the PrimeXBT mobile app from your iOS or Android device. Open the app and click on “Sign-up.”
- Enter your email address and password (the requirements are the same as for desktop registration)
- A 4-digit verification pin will be sent to your e-mail account. Enter the pin on the app and “submit.”
An additional step here is that you will be asked to set a 4-digit passcode for your device. This is done to add an added layer of security for mobile phone users.
After confirming your passcode, PrimeXBT will ask if you want biometric authentication. It is always a good idea to use biometric authentication to guarantee the security and safety of your PrimeXBT account. You can use either your Face or fingerprint for this.
Confirm that you are not a resident of a restricted country and your registration is complete.
PrimeXBT Registration FAQs
No, PrimeXBT does not give any sign-up bonus to their customers, but they offer a deposit bonus. The deposit bonus is 5% (up to $500) on the deposited amount. This deposit cannot be withdrawn and can only be used for trading.
No, it isn’t. You don’t have to submit any documents during the registration process or even later. PrimeXBT respects the privacy of its users and hence does not ask for any personal documents. Users can immediately start trading after opening an account and making a deposit.
PrimeXBT charges two different kinds of fees for trading on the platform.
– Trade fee
– Overnight financing fee
The trade fee currently is 0.0001% for Indices, Forex, Commodities, and 0.05% for Cryptocurrencies. If a trader has a good turnover over the past 30 days, then PrimeXBT can reduce trading fees by up to 50%. Users can avail of this offer even through promotional codes.
Also, for COV-denominated margin trading accounts, the platform offers a minimum 25% discount.
Overnight financing fees are levied on assets that are carried into the next trading day. The fees are based on the liquidity of the assets.
Yes, it does! One good feature about PrimeXBT is that it allows its users to open multiple trading accounts under different currencies. PrimeXBT traders can deposit multiple cryptocurrencies to their account wallets, with each currency having a separate wallet.
– Go to your account dashboard, click “Margin,” and select “Open a new account.”
– A pop-up will appear where you’ll have to choose the currency and click “confirm.” Your account is now ready!
However, each currency can be used only in those strategies, margin trading accounts or following that is based in the same currency.
PrimeXBT also allows users to exchange currencies between their different PrimeXBT account wallets.
Yes, it is absolutely free to open an account in PrimeXBT. In fact, the PrimeXBT registration process takes only 40 seconds!
Sadly no! US residents are forbidden from using PrimeXBT due to the country’s laws regarding derivatives trading. However, if you want to use your PrimeXBT account when traveling to the US, then you can use a Virtual Private Network (VPN) and access it.
Conclusion
PrimeXBT is committed to bringing the latest technologies in the trading industry to all its users. In only a couple of years, they have built a reputation of being one of the most advanced trading platforms with the latest trading tools.
The platform has a registration process that is easy and takes only 40 seconds to complete, which we also discussed in the full PrimeXBT referral program review, in regards to the registration being smooth for new users. After opening an account, users can start trading that moment itself, unlike other platforms where you may have to wait for hours.
Be a part of a trading community that has global trading experts and professionals whose strategies you can copy just by the click of a button at PrimeXBT.
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