Essential Details to Know About PrimeXBT Beforehand
One of the top crypto trading platforms in the crypto market is PrimeXBT. It is an outstanding exchange and is at the top of people’s list, due to several reasons. The features and services it offers to the users make it a stand-out option among various other crypto trading platforms.
One of several distinctive features of the exchange is that it offers several asset classes and investment options to the traders. This crypto-to-crypto exchange supports the trading of CFDs, forex, and digital assets.
The PrimeXBT trading platform was established in 2018 and has quickly become one of the most prominent ones. It now takes pride in offering its services to more than 150 different countries around the globe.
If you are interested in using this exchange for trading crypto then here is a brief PrimeXBT review focusing on some of its highlighting features and details.
Currencies Supported by PrimeXBT
The vast variety of asset classes available for users on the exchange is one of the reasons why it is a well-known exchange. This platform offers support to the trading of both major and minor forex currency pairs and charges a commission per trade.
The platform also charges different trading fees, depending on the asset classes chosen by the users.
Some of the fiat currencies that are supported by the trading platform include:
- Australian Dollar
- British Pound
- Canadian Dollar
- Japanese Yen
- Swiss Franc
- US Dollar
Features of the Trading Platform
One of the questions novice parties often ask are “is PrimeXBT legit?”. This trading platform is indeed legit and is made to cater the needs of crypto traders, whether they are experienced or not.
PrimeXBT also offers several features for the crypto traders that are mentioned below.
- There are several technical indicators available for the users.
- It has a user-friendly layout that is easily customizable.
- It also supports several order types.
There are various articles and videos available on the trading platform in the in-built “help and tutorial section”.
This brief PrimeXBT review also addresses another essential aspect of the platform, which is its support for a mobile application.People who are looking to start trading crypto often prefer an exchange that also has a well-developed mobile application.
Such an application makes it easy for people to trade even while on the go and helps them in keeping a track of the markets and their trading positions.
Therefore, if you want to use PrimeXBT and trade crypto then here are different activities you can do while using the application.
- You can open a new account.
- You can trade more than 50 instruments across various asset classes.
- You can use the in-built charting tools and carry out your own technical analysis.
- You can trade on six different timeframes.
- You can use three different chart types.
The most unique feature offered by PrimeXBT is its Covesting feature. This not only makes it one of the most distinctive trading platforms in the market but also makes it one of the best options for experienced and inexperienced crypto traders.
The Covesting feature offers copy-trading, which means it allows the new crypto traders to mimic the trading positions of experienced crypto traders. As a new crypto trader you can automatically copy the trades of an expert and then get the same profits or losses as the trader you copy.
This feature also makes it easier for people with a demanding schedule to trade without constantly monitoring their trading positions and the market.
The customer support offered by an exchange is one of the major factors that needs to be analyzed by the usersbefore they start using the platform. It is common knowledge that people who are new to the crypto space may have plenty of questions and may even find a few processes complex and difficult. In such a case, if there is a team of professionals available to assist the novice users then the whole experience of buying or trading crypto can become easier and convenient.
Not every exchange offers an impressive customer support. However, PrimeXBT is a crypto exchange that offers impressive customer support available around-the-clock. The customer support team is bilingual.
PrimeXBTis an impressive crypto trading platform that is well-known in the crypto market for several reasons. This exchange offers outstanding services and features to traders who are both new and experienced in the crypto space. Therefore, if you are interested in using this platform then you should take a look at the details mentioned above.