PrimeXBT Logo
Exchange Review


Exchange Fees

BTC Withdrawal Fee 0.0005 Taker Fee 0.05% Maker Fee 0.05%

Deposit Methods

No Wire Transfer Yes Credit Card

PrimeXBT is a crypto exchange operated by PrimeXBT Trading Services LLC, incorporated in Saint Vincent and the Grenadines. It was first launched in 2018. 

To be more specific, PrimeXBT is a cryptocurrency derivatives exchange. That means that you can essentially choose between two things: going long or going short. Going long means that you bet that a particular cryptocurrency will go up in price, and going short means that you bet that a particular cryptocurrency will go down in price. See more about the nature of this type of trading below under Leveraged Trading.

Tired of reading? No problem, check out our video review of PrimeXBT here: 

On the date of last updating this review (21 January 2023), has listed the trading volume of the PrimeXBT-platform as "untracked". This is normally a bad sign. on the other hand, stated that PrimeXBT's 24 hour trading volume was USD 464.9 million. If we would just insert that figure in Coinmarketcap's list of the biggest exchanges based on 24 hour contract trading volume, PrimeXBT would be on place no. 34. This is good, but not great.

PrimeXBT - like most other platforms focused on contracts trading - also has an affiliate program. PrimeXBT offers up to 70 (you read that right, seventy) per cent profit share deals with payouts once a week. This is a very generous affiliate program, if not even the most generous out there.

You can sign up to the PrimeXBT affiliate program by creating an account here.

PrimeXBT Referral Program

Something more experienced traders are surely quite keen on knowing, are the statistics on slippage at this platform. Slippage is the difference between what price you think that you will pay in an order, and the price you actually pay. Differences between expectation and reality can for instance occur when you utilize market orders in an instrument with high volatility. These are the slippage statistics compiled by PrimeXBT for 2020:

PrimeXBT Slippage

While 74.1% of market orders being executed at quote is a great number, it is a bit worrying that the above picture was obtained from the PrimeXBT website on 21 January 2023 and that no numbers for 2021 or 2022 had then been presented.

The exchange emphasizes a number of advantages with its platform on its website. For one, you can create an account here anonymously and the exchange requires no personal information. Also, the exchange has a multilevel security system which they argue is industry-leading. You can also do leveraged trading with up to 200x (more on that below).


Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that PrimeXBT’s trading platform is also mobile compatible. You can download it from both AppStore and Google Play.

PrimeXBT Mobile Support

PrimeXBT offers leveraged trading on its trading platform. This means that you can receive a higher exposure towards a certain crypto’s price increase or decrease, without having the assets necessary. You do this by “leveraging” your trade, which in simple terms means that you borrow from the exchange to bet more.

For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD if you simply held Bitcoin. Now, as you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, there is potential for huge upside but also for huge downside…

This picture from PrimeXBT’s website has another useful way of showing the benefits of leveraged trading in a bull market:

PrimeXBT Leveraged Trading

PrimeXBT is also among the crypto exchanges out there that offer so called staking services. To our understanding, staking is offered at PrimeXBT for ETH, USDT and USDC. They are at least the only cryptos included in the platform’s yield calculator. The below is a printscreen using the yield calculator, where the amount to be staked has been inputted as USDT 1,000 and the staking period has been set to 180 days:

PrimeXBT Yield Calculator

You can start staking at their platform here.

If you’re interested in learning more about staking, the various staking types and where you can get the best staking rates, you can also have a look at our extensive Guide To Ethereum Staking.

At PrimeXBT, you can’t deposit via wire transfer but credit card deposits are perfectly fine. As credit card deposits are accepted, PrimeXBT qualifies as an “entry-level exchange”.

However, if you for some reason need to deposit fiat currency via wire transfer, you can find one by using our Exchange Filters.

PrimeXBT does not allow US-investors on its exchange. Moreover, investors from the following jurisdictions are restricted: Canada, Algeria, Ecuador, Ethiopia, Russian Federation, Iran, Syria, North Korea, Sudan, Israel, Japan, United States Minor Outlying Islands and American Samoa.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the trading views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at PrimeXBT, obtained on 21 January 2023:

PrimeXBT Trading View 21 January 2023

Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. Takers are the people removing liquidity from the order book by accepting already placed orders. Makers are the ones placing those orders. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.

This exchange offers a flat fee of 0.05% per trade. According to the most extensive industry report ever prepared on contract trading average fees, the global average contracts trading taker fee and maker fee was 0.0618% for takers and 0.02597% for makers. Accordingly, PrimeXBT is slightly below average when it comes to its taker fees but a bit above average with respect to maker fees.

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn). It varies from cryptocurrency to cryptocurrency.

The global industry average, the last time we did our empirical study, was approx. 0.0004599 BTC when you withdraw BTC. PrimeXBT charges 0.0005 BTC per BTC-withdrawawl. Accordingly, their BTC-withdrawal fee is ever so slightly above the global industry average.

PrimeXBT Promo Pic


Are PrimeXBT's fees high?

PrimeXBT's fees are neither high nor low. For contract trading, they charge 0.05% per trade, regardless of whether you're a taker or a maker. So from a taker's perspective, that's an average fee. From a maker's perspective, however, it's high.

What is the minimum deposit on PrimeXBT?

PrimeXBT has no minimum deposit requirement, but there are minimum levels on the orders you can place here. For BTC-orders, that minimum level is 0.001 BTC (at the date of writing this FAQ, 15 February 2023, corresponding to USD 22.10).

How long is the withdrawal time at PrimeXBT?

At PrimeXBT, if you request a withdrawal before 12:00 UTC on Day 1, it will be processed on Day 1. If you request a withdrawal after 12:00 UTC on Day 1, it will be processed on Day 2.

Has PrimeXBT ever been hacked?

On the date of answering this question, 15 February 2023, PrimeXBT has as far as we are aware never been hacked.

Is PrimeXBT secure?

We have no reason to question the security at PrimeXBT. Accordingly, we view it as a secure platform.

Where is PrimeXBT based?

PrimeXBT is registered in Saint Vincent and the Grenadines.

Which countries are restricted from using PrimeXBT?

Users from the following countries/regions are NOT allowed to open an account with PrimeXBT: USA, Canada, Cuba, Japan, Algeria, Ecuador, Iran, Syria, North Korea or Sudan, United States Minor Outlying islands, American Samoa, Russian Federation, Israel and Saint Vincent and the Grenadines.