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PrimeXBT Review
PrimeXBT is an ideal broker for Taiwanese traders interested in copy and crypto trading. PrimeXBT’s web-based trading platform is feature-rich and user-friendly to all types of traders. PrimeXBT also offers multilingual customer support to traders.
- Riaan Myburgh
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Min Deposit
USD 0
Regulators
Not Regulated
Trading Desk
Proprietary Platform
Crypto
Yes
Total Pairs
0
41
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
PrimeXBT Overview
Having devoted a great deal of time to analyzing trading platforms, we had the opportunity to investigate the services provided by a number of brokers.
Today, we’ll take a look at PrimeXBT, a platform that came out during the crypto crash of 2018 and has since made a splash. Our objective is to learn about PrimeXBT’s distinguishing features, accomplishments, and awards and how it serves the needs of traders in Taiwan.
Among the many platforms that facilitate Bitcoin-based trading across various assets, PrimeXBT stands out and attracts a wide range of traders.
Trading possibilities include foreign exchange, cryptocurrency, commodities, and stock indexes, among many more. This gives traders the leeway to construct a diverse and robust portfolio by capitalizing on both upward and downward market moves.
The trading engine of the platform is designed to be fast, secure, and reliable, with an astounding uptime of 99.9%.
This dependability is vital for traders since it guarantees the safe and speedy execution of trades. To protect itself from such assaults, PrimeXBT has implemented strong security measures like offline cold storage wallets, multi-signature access, and bank-grade security infrastructure.
Because of its user-friendliness and support for several languages, PrimeXBT is especially attractive to traders from Taiwan.
We greatly appreciate the platform’s dedication to offering a dependable trading experience with little slippage and a diverse range of assets conveniently available in one location.
Over the years, PrimeXBT has established itself as a leading cryptocurrency exchange by reaching important milestones and winning numerous honors.
Aside from Best Margin Trading Platform and Best Crypto Trading App, the Most Trusted Crypto-Asset Trading Platform award is a noteworthy accomplishment at Crypto Expo Dubai. The platform’s commitment to user satisfaction, openness, and trust is evident in these awards.
Traders in Taiwan love PrimeXBT because of its unique features, diversified products, and robust security measures. Users can participate in copy-trading through the Covesting module, which was created in collaboration with a licensed DLT services provider.
This opens up opportunities for both novice and seasoned traders to learn from one another, which could lead to increased revenue. Traders also have access to the educational materials and TradingView Charts integration that they need to conduct in-depth market analysis on the platform.
Improving the mobile trading experience, adding support for more blockchains, and expanding the selection of crypto assets are all signs of PrimeXBT’s dedication to growth and progress.
The platform prioritizes education and customer assistance to guarantee that traders have all the tools they need to succeed. Furthermore, PrimeXBT also offers round-the-clock service and a comprehensive help center.
Can traders use high leverage on PrimeXBT, and how does this compare to other platforms?
Traders on PrimeXBT can utilize leverage up to 1:1000 for forex pairs, which is significantly higher than many competitors.
How does the range of trading assets on PrimeXBT compare with other trading platforms?
PrimeXBT offers over 110 trading assets, giving traders a wider selection compared to some platforms with more limited options.
PrimeXBT At a Glance
| 👤 PrimeXBT | ℹ️ Information |
| 📅Established Year | 2018 |
| 🏛Regulation and Licenses | None, registered in Seychelles and Marshall Islands |
| 📈Ease of Use Rating | 3/5 |
| 💸Bonuses | Yes, welcome bonus, easy start, trade & earn, whale trader, referral bonus, contests, and leaderboard challenges |
| ⌚Support Hours | 24/7 |
| 💻Trading Platforms | PrimeXBT Platform |
| 🗂️Account Types | Standard Retail Account |
| 💵Base Currencies | BTC, ETH, USDT, USDC, COV |
| 📈Spreads | From 0.05% |
| ⬆Leverage | 1:1000 |
| 💷Currency Pairs | 41; major, minor, and exotic pairs |
| 💳Minimum Deposit | 2,000 TWD (0.001 BTC) |
| 💵Inactivity Fee | Yes, 0.005 BTC after three months of inactivity |
| 🌐Website Languages | English, Spanish, Turkish, Chinese, Japanese, Korean, Thai, Portuguese, Hindi, Indonesian, Vietnamese, Bengali |
| 💰Fees and Commissions | Spreads from 0.05%, no commissions, maker and taker fees between 0.01% – 0.075% on crypto |
| 👥Affiliate Program | Yes |
| ❌Banned Countries | United States of America, United States Minor Outlying Islands, Canada, Algeria, American Samoa, Cuba, Cyprus, Ecuador, Iran, Israel, Japan, Myanmar, North Korea, Russian Federation, Sudan, Syria, Saint Vincent and The Grenadines |
| 📈Scalping | Yes |
| 📌Hedging | Yes |
| 🛢Trading Instruments | Cryptocurrencies, indices, forex, commodities |
| 👉 Open Account | Open Account |
PrimeXBT Regulation and Safety of Funds
PrimeXBT’s Regulation in Taiwan
PrimeXBT is not regulated by Taiwan’s Financial Supervisory Commission (FSC). However, PrimeXBT’s global regulations are listed in the table below.
| 🔑Registered Entity | 🌎Country of Registration | 🔢Registration Number | 🚨Regulatory Entity | 🥇Tier | 🖋️License Number/Ref |
| FBS Markets, Inc. | Belize | – | IFSC | 3 | 000102/460 |
| Tradestone Ltd | Cyprus | 353534 | CySEC | 2 | 331/17 |
| Intelligent Financial Markets Pty Ltd | Australia | ABN 48 155 185 014 | ASIC | 1 | 426359 |
| Trade Stone SA (PTY) LTD | South Africa | 2018/514734/07 | FSCA | 2 | FSP 50885 |
| 👮 Security Measure | ℹ️ Information |
| Segregated Accounts | ✅Yes |
| Compensation Fund Member | ❌No |
| Compensation Amount | None |
| SSL Certificate | ✅Yes |
| 2FA (Where Applicable) | ✅Yes |
| Privacy Policy in Place | ✅Yes |
| Risk Warning Provided | ✅Yes |
| Negative Balance Protection | ✅Yes |
| Guaranteed Stop-Loss Orders | ❌No |
Is it possible for Taiwanese traders to use two-factor authentication (2FA) on their PrimeXBT accounts?
Yes, PrimeXBT mandates two-factor authentication (2FA) for all accounts, adding an extra layer of protection to Taiwanese traders’ accounts and helping prevent unwanted access.
What function does cold storage play in PrimeXBT’s security infrastructure?
Cold storage is utilized by PrimeXBT to keep a considerable percentage of customers’ cash offline, decreasing the risk of illegal access and possible losses in the case of a security breach.
PrimeXBT Awards and Recognition
While researching PrimeXBT and exploring the website, we found the following most recent awards that the broker has won:
- In 2023, PrimeXBT was named the “Most Reliable Crypto-Asset Trading Platform” at the Dubai Crypto Expo.
PrimeXBT received the “Best Bitcoin Margin Trading Platform” award from ADVFN in 2021.
PrimeXBT Account Types
While PrimeXBT currently only offers a single trading account, we found that this option is extremely versatile in catering to a range of Taiwanese traders, from beginners to experts. The account gives traders access to various markets and powerful trading software.
Furthermore, PrimeXBT also offers Taiwanese traders a demo account that they can use to explore the platforms, test different strategies, and view live market pricing on the PrimeXBT platform.
| 🔎Features | Standard Account |
| ➕➖Availability | All types of traders |
| 💻Markets | All |
| 💰Commissions | None; maker and taker fee from 0.01% – 0.075% on crypto |
| 🚉Platforms | PrimeXBT Platform |
| 📊Trade Size | From 0.01 lots |
| 📉Leverage | 1:1000 |
| 💵Minimum Deposit | 2,000 TWD (0.001 BTC) |
PrimeXBT Standard Account
It is clear from reviewing PrimeXBT’s Standard Account that this type of account is designed with Taiwanese traders in mind. With its user-friendly interface, traders of all experience levels can trade effortlessly across different markets.
The PrimeXBT platform gives traders access to many trading options, such as indices, commodities, cryptocurrencies, and foreign exchange (forex). By building a balanced trading portfolio through variety, traders can safeguard themselves from market swings.
The reasonable and competitive fees associated with the Standard Account stand out. In our experience, the lack of trading commissions is a great perk for active traders looking to keep costs low.
We found that, in its place, the account uses a maker-taker fee mechanism, with cryptocurrency trade costs varying between 0.01% and 0.075%. Traders who want upfront pricing without hidden fees may like this system’s transparency.
Also, trade sizes start at 0.01 lots, allowing traders to limit their risks properly. Also, the leverage available is incredibly high, reaching up to 1:1000, which means that both gains and losses can be magnified.
Therefore, we recommend that traders with a solid plan and a high-risk tolerance consider using this amount of leverage.
PrimeXBT Demo Account
After thoroughly analyzing the PrimeXBT platform, we have discovered a number of impressive features that are especially advantageous for traders in Taiwan. One area that stood out was their approach to demo accounts through demo trading contests.
PrimeXBT offers a distinctive approach for traders to familiarize themselves with the platform and experiment with their trading strategies through these contests, setting it apart from the typical demo accounts on many trading platforms.
Traders in these contests can trade with virtual funds, eliminating any actual financial risk. This aspect is particularly beneficial for Taiwanese traders who want to gain experience in different markets without risking their money.
The virtual account balance offered for these contests is very generous, allowing traders to freely experiment with different strategies and gain insights into market behavior.
These demo contests have varying durations, with some being held every week. This gives traders plenty of opportunities to practice regularly and improve their skills.
This setup provides traders with uninterrupted access to a trading environment that is free from risk. It is particularly beneficial for beginners without prior experience and for experienced traders who want to explore new strategies.
This demo contest provides traders access to diverse markets, such as cryptocurrencies, forex, commodities, and indices, which closely mirror the live trading experience.
In our opinion, this wide-ranging access is especially beneficial for Taiwanese traders seeking to expand their trading portfolio across various asset classes.
Can Taiwanese traders tailor their trading experience with PrimeXBT accounts?
Yes, Taiwanese traders may tailor their trading experience on PrimeXBT using comprehensive charting tools, technical indicators, and multiple order types accessible on the platform.
What markets can I access with a PrimeXBT account?
With a PrimeXBT account, Taiwanese traders may access markets such as cryptocurrencies, foreign currency pairings, commodities, and indices, giving numerous chances for diversification and trading methods.
PrimeXBT Account Registration
We’ve registered an account with PrimeXBT and found the process effortless and quick. Here’s how you can sign up for a PrimeXBT account and start trading:
Step 1 – Find Register
To get started, go to the PrimeXBT website. Find the “Register” button on the homepage in the upper right corner. Alternatively, you can click “Open free account” on the homepage.
Step 2 – Complete Form
- The registration form will load, and you can provide your email address when prompted. Furthermore, please ensure that your email address is valid, as it will be necessary for account verification.
- Ensure the security of your account by creating a robust password. You must create a strong password that combines letters, numbers, and special characters.
- Carefully read through the terms and conditions. If you agree, please accept them by clicking the appropriate box to proceed with your registration.
Step 3 – Verify
- Once you’ve submitted your registration form, watch your email inbox. You will receive a confirmation email from PrimeXBT containing either a link or a 4-digit PIN code.
- Click on the link or input the PIN code on the PrimeXBT website to confirm your email address. It is important to note that this step is essential for the security of your account.
- After your email is verified, you’ll be a proud member of the PrimeXBT community. Now, you can log in and explore the platform’s interface and features.
- To activate your trading capabilities, you must deposit funds. If you have Bitcoin, you can easily transfer it to the BTC address provided by PrimeXBT. Note that the minimum deposit required is 0.001 BTC.
- For those who don’t currently own Bitcoin, PrimeXBT provides a convenient solution. They offer an all-in-one service that allows users to purchase BTC directly on their platform.
- Now that your account is funded, you’re ready to jump into trading. PrimeXBT provides a wide range of order types, such as market and limit orders, giving you the flexibility to tailor your trading experience with various widgets and tools. You can also trade a range of markets with PrimeXBT apart from cryptocurrencies, like forex, commodities, shares, etc.
Is there a fee to create a PrimeXBT account?
No, there is no charge to register a PrimeXBT account, and Taiwanese traders can register and use the site for free. However, a minimum deposit requirement is 0.001 BTC to start trading.
Can I start trading immediately after creating a PrimeXBT account?
Taiwanese traders can start trading on PrimeXBT after their account is authorized and they have deposited a minimum of 0.001 BTC into their trading account.
Broker Comparison
| 🔎Features | PrimeXBT | FXView | Admirals |
| 🏛️Regulation | None; licensed in Seychelles and The Marshall Islands | CySEC, FSCA, FSA, SEBI | FCA, ASIC, CySEC, EFSA, JSC, FSCA, CMA |
| 📊Trading Platform | PrimeXBT | MetaTrader 4 MetaTrader 5 ActTrader ZuluTrade | MetaTrader 4 MetaTrader 5 Admirals Mobile App |
| 💵Withdrawal Fee | Yes | None | Yes |
| 💻Demo Account | Yes, with contests | Yes | Yes |
| 💴Min Deposit | 2,000 TWD (0.001 BTC) | 1,600 TWD ($50) | 800 TWD ($25) |
| 📌 Leverage | 1:1000 | 1:500 | 1:30 Retail 1:500 Professional |
| ✏️Spread | From 0.05% | From 0.0 pips | From 0.0 pips |
| 💰Commissions | 0.05% | $1/$100,000 traded | From $0.02 |
| 🤙Margin Call/Stop-Out | Flexible | 70% (M) 50% (S/O) | 100%/50% |
| 👉Order Execution | Instant | ECN | Market, Exchange |
| ❌💵No-Deposit Bonus | No | None | Yes |
| 🛅Cent Accounts | No | No | No |
| 🗄️Account Types | Live Account | RAW ECN Islamic | Trade.MT5 Invest.MT5 Zero.MT5 Bets.MT5 Trade.MT4 Zero.MT4 |
| ⚖️FSC Regulation | No | No | No |
| 💵TWD Deposits | No | No | No |
| 🗄️TWD Account | No | No | No |
| 🧑💻Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 🏪Retail Investor Accounts | 1 | 2 | 6 |
| ☪️Islamic Account | No | Yes | Yes |
| 📉Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈Maximum Trade Size | Flexible | 100 lots | 200 lots |
| ⌚Minimum Withdrawal Time | Instant | Instant | Instant |
| ⌛Maximum Estimated Withdrawal Time | Depends on the payment method – a few minutes to 48 hours | 7 Days | Between 3 to 5 working days |
| ⏱️Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
PrimeXBT Trading Platforms
Copy Trading Features
After researching it, we were particularly interested in the Copy Trading system’s social trading features. Taiwanese traders who value a communal approach in their trading will find this feature particularly useful.
Thanks to this functionality, users can effortlessly duplicate the trades made by seasoned traders. The algorithm ranks traders based on indicators such as total returns, number of followers, and success rate.
One feature that stood out to us was the ability to set aside a certain amount of money for copy trading. Taiwanese traders looking to strike a balance between self-trading and mimicking the methods of others will find this useful since it allows for greater risk management through diversification.
Furthermore, the platform offers comprehensive reports on the cloned traders’ performance, which is a great tool for constantly evaluating methods.
Traders can easily connect with one another through the Copy Trading function. We found that it promotes engagement and the sharing of strategies, especially for Taiwanese traders interested in learning and adapting to PrimeXBT’s ever-changing trading environment.
PrimeXBT Proprietary Platform
Our experience was just as remarkable when we moved on to the proprietary platform of PrimeXBT. In contrast to other trading platforms, this one has an elegant, simple design that is easy on the eyes.
Traders from Taiwan who appreciate simplicity and efficiency will find the layout appealing because it allows them to personalize the trading environment.
The platform’s leverage choices were one of its distinctive features that we investigated. PrimeXBT provides leverage of up to 1:1000, which means that gains and losses can be magnified.
Traders from Taiwan who are looking to profit from even slight price swings, particularly in the wildly unpredictable cryptocurrency markets, can use this high leverage to their advantage.
The aggregation of liquidity on the platform was another positive feature. PrimeXBT ensures that traders from Taiwan can access advantageous trading conditions by aggregating liquidity from several suppliers.
This ensures that orders are processed quickly and with little room for error, essential for traders who trade frequently or respond quickly to news developments.
It is worth mentioning that the PrimeXBT platform has security safeguards in place. We have faith in the platform’s security measures because of them, including cold storage for digital assets, two-factor authentication, and the requirement to whitelist withdrawal addresses.
Furthermore, these measures provide extra security for traders from Taiwan, who may value their funds highly.
What features are offered on the PrimeXBT trading platform?
The PrimeXBT trading platform includes highly customizable charting, a large selection of technical indicators, numerous order types, one-click trading, and a trial account for practice, responding to the unique demands of Taiwanese traders.
Can Taiwanese traders get real-time market data on the PrimeXBT platform?
Yes, Taiwanese traders can access real-time market data, including price quotes, charts, and order book information, allowing educated trading choices on the PrimeXBT platform.
PrimeXBT Range of Markets
While PrimeXBT mostly focuses on crypto trading, we found that the broker caters to various traders by including other markets. The sections below discover these markets and their benefits for Taiwanese traders.
Cryptocurrency
PrimeXBT offers 41 digital assets for cryptocurrency trading, with a 1:100 leverage, allowing traders to increase market exposure without significant capital.
This is beneficial for those managing investment size in the fluctuating crypto market. The platform ensures efficient trade execution by consolidating liquidity from various sources.
Forex
PrimeXBT provides traders with a wide range of 51 currency pairs with a 1:1000 leverage in the forex market, enabling them to open significant positions with minimal margin, thereby increasing their trading power and exploring various market dynamics.
Commodities
Traders can diversify their portfolios by investing in commodities like gold, silver, and oil. A leverage of 1:100 can significantly increase returns from price movements.
This market is appealing for inflation protection or diversification with varying stock correlations. PrimeXBT’s competitive funding fees boost profitability for commodity traders.
Crypto Futures
Crypto Futures offer a leverage of up to 1:100 for trading future cryptocurrency prices, making it ideal for hedging crypto holdings or leveraging market trends. Its rapid order execution and competitive fees make it a popular choice for crypto futures trading.
Indices
Traders can trade 11 global indices with a 1:100 leverage, allowing them to trade based on stock performance. This offers exposure to various economies and sectors.
Furthermore, we found that PrimeXBT’s advanced charting tools from TradingView enable comprehensive market analysis and customized strategies.
PrimeXBT Leverage and Margin
During our thorough analysis of PrimeXBT’s leverage and margin policies, we have come across certain distinctive features that hold significant relevance for traders in Taiwan.
We conducted our analysis using the most up-to-date information from PrimeXBT’s official resources and client agreements, ensuring accuracy and reliability.
PrimeXBT is highly regarded in the trading community due to its generous leverage options. Traders can enjoy leverage of up to 1:1000 for select forex pairs and up to 1:100 for cryptocurrencies, commodities, and indices.
With this level of leverage, Taiwanese traders can fully maximize their trading potential, one of the highest in the industry. It’s crucial to grasp that greater leverage also entails greater risk. PrimeXBT effectively manages risk through a robust risk management system.
The margin requirements on PrimeXBT can vary based on factors such as market liquidity and volatility.
The platform has a real-time risk management system constantly monitors positions and adapts margin requirements according to market conditions. This system is designed to protect both traders and brokers against unexpected market fluctuations.
In addition, PrimeXBT has implemented a margin call policy to notify traders if their account equity falls below the margin requirements.
Traders can use this feature to quickly respond and prevent their positions from being liquidated. We found the platform’s ‘Margin Calculator’ tool to be highly beneficial for Taiwanese traders, enabling them to plan their trades and manage risk effectively.
Overall, we found PrimeXBT’s transparent approach to margin and leverage commendable in our review.
The broker provides a comprehensive explanation of its policies in the client agreement, ensuring that traders have all the information they need to fully comprehend the potential impact of margin and leverage on their trading strategies.
What precautions does PrimeXBT take to avoid excessive leverage utilization by Taiwanese traders?
PrimeXBT offers instructional tools and cautions regarding the consequences of excessive leverage, urging Taiwanese traders to use leverage responsibly and ensuring they understand its possible effect on their trading accounts.
What financial instruments may Taiwanese traders trade on PrimeXBT?
Taiwanese traders may access a comprehensive selection of financial assets on PrimeXBT, including cryptocurrencies, foreign currency pairings, commodities, and indices.
PrimeXBT Fees
One thing we appreciate about PrimeXBT is the unique and transparent fee schedule in terms of trading and non-trading fees. While this structure might seem complex, PrimeXBT breaks down the fees traders can expect on the website.
Join us as we discuss the typical fees Taiwanese traders can expect when trading with PrimeXBT.
PrimeXBT Spreads
The reasonable spreads offered by PrimeXBT help to reduce the spread between buying and selling prices, making trading with the platform more enjoyable. The spreads are far lower than other platforms, going as low as 0.05% for popular forex pairings.
If a trader’s overall profitability is affected by wider or narrower, this is helpful for them, especially when they deal with large or frequent transactions.
Overall, we found that PrimeXBT provides a cost-effective trading environment by maintaining low spreads across numerous asset classes, including cryptocurrencies.
PrimeXBT Commissions
PrimeXBT uses a maker-taker approach for commissions to increase liquidity in the market. Makers who help with liquidity by placing limit orders pay only 0.05% in costs.
There is a little increase to 0.075% for takers, who remove liquidity and execute market orders. With this structure, we found that traders are incentivized to think strategically about their order strategies, which could result in cost savings if they increase market liquidity.
PrimeXBT Overnight Fees
Trades held overnight are subject to PrimeXBT’s overnight or swap fee. Based on the difference in interest rates between the currencies used in a foreign exchange trade or the funding rates for other assets, this charge covers the cost of leverage that was supplied.
We found that PrimeXBT’s rates are subject to vary according to the market conditions when trades are executed. Therefore, to avoid these fees, traders should acknowledge them and decide to close positions before the trading day ends, particularly if it’s not a part of their trading strategy.
PrimeXBT Deposit and Withdrawal Fees
According to the PrimeXBT Help Center, the broker doesn’t charge any deposit fees. However, withdrawal fees are charged. PrimeXBT charges a 0.0005 BTC fee on Bitcoin, while ETH, USDT, USDC, and COV fees vary according to the network. Lastly, Ethereum withdrawals face a 0.002 ETH fee.
PrimeXBT Inactivity Fees
Accounts that do not trade for three months or longer are subject to an inactivity fee. If a trader isn’t actively trading, this cost will motivate them to keep trading or force them to withdraw their money.
In our experience, this cost, which is set at 0.005 BTC every month, can build up and substantially impact a trader’s capital if not handled correctly.
PrimeXBT Currency Conversion Fees
Depending on the payment provider and the currencies involved, Taiwanese traders dealing with non-Bitcoin currencies might be subject to currency conversion costs.
When possible, traders should use Bitcoin for transactions or choose payment providers with advantageous conversion rates to minimize these fees.
What are the typical spreads charged by PrimeXBT for major forex pairs?
PrimeXBT provides competitive spreads for key forex pairs, beginning from 0.05%, enabling Taiwanese traders to engage in transactions with little trading fees.
Are there any currency conversion costs for Taiwanese traders on PrimeXBT?
Taiwanese traders could incur currency conversion fees when converting TWD to major currencies like EUR, USD, or cryptocurrencies when depositing funds.
PrimeXBT Deposits and Withdrawals
PrimeXBT is mostly concentrated on crypto assets. Therefore, it didn’t surprise us that most payment methods for deposits and withdrawals are crypto-based.
However, we found that PrimeXBT offers card deposits alongside popular e-wallets, allowing Taiwanese traders to choose a deposit and withdrawal process that works for them.
In addition to showing the available methods, we go through the step-by-step instructions on depositing and withdrawing funds in detail.
| 💰Payment Method | 🗾 Country | 💱Currencies Accepted | ⏰Processing Time |
| Direct Crypto | All | BTC, USDT, ETH, USDC | Instant |
| MetaMask Wallet | All | ETH, USDT, USDC, COV | Instant |
| AdvCash | All | USD | Instant – 48 hours |
| Perfect Money | All | USD | Instant – 48 hours |
| Bank Card (Crypto Purchase) | All | BTC, ETH, USDT, USDC | Instant |
PrimeXBT Deposits
How to Deposit using Credit or Debit Card Step by Step
- To make a deposit, log in to your PrimeXBT account.
- Choose the “Bank Card (Crypto Purchase)” choice.
- Type in the amount you want to deposit and choose the cryptocurrency you want to buy.
- Give your card information and finish any security verification processes your card issuer may have.
- Once you confirm the purchase, your PrimeXBT wallet will immediately reflect the amount of cryptocurrency you paid for.
How to Deposit using Cryptocurrency Step by Step
- To access your PrimeXBT trading account, sign in on the official website.
- Under “Deposit,” choose “Direct Crypto.”
- When depositing, choose from Bitcoin, USDT, Ethereum, or USDC.
- You will be provided a personalized deposit address or a QR code.
- Send money from an external wallet or exchange to this address.
- Once the blockchain verifies the transaction, the funds will be available in your PrimeXBT account.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Go to the “Deposit” page after logging into your PrimeXBT account.
- Select “Perfect Money” or “AdvCash” from the list of available e-wallets.
- Indicate the desired USD deposit amount.
- To verify your payment and access your e-wallet, click on the link that will take you to the appropriate website of the e-wallet.
- Your PrimeXBT account will be credited once the transaction is approved, usually immediately but sometimes up to 48 hours later.
PrimeXBT Withdrawals
How to Withdraw using Credit or Debit Cards Step by Step
- Once you’ve logged into your PrimeXBT account, go to the “Withdraw” menu.
- You can withdraw funds using the “Bank Card (Crypto Purchase)” option.
- To sell crypto, enter the amount you intend to receive in fiat currency.
- Finish the purchase by verifying your card information.
- Upon completion of the transaction, the money will be returned to your card.
How to Withdraw using Cryptocurrency Step by Step
- Go to the ‘Withdraw’ part of your PrimeXBT profile.
- You can withdraw funds by using the “Direct Crypto” option.
- Choose the cryptocurrency you’d like to withdraw.
- Enter the address of the external wallet where you wish to send money.
- Enter the amount you wish to withdraw and then confirm the transaction.
- You can expect the withdrawal to be processed and the monies transmitted to your external wallet in a reasonable amount of time.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Go to your PrimeXBT account’s “Withdraw” tab.
- You can choose between “AdvCash” and “Perfect Money” for your withdrawal.
- Type in the amount you want to withdraw in USD.
- You will be taken to their website to confirm the withdrawal and log in to your selected e-wallet.
- Once you’ve confirmed the withdrawal, the money will be sent to your electronic wallet—this process might take up to 48 hours, although it generally happens instantaneously.
What payment methods may Taiwanese traders use to deposit monies into their PrimeXBT account?
Taiwanese traders may deposit money into their PrimeXBT account using different means, including direct crypto deposits, MetaMask wallet, AdvCash, Perfect Money, and bank card purchases of cryptocurrency.
Does PrimeXBT allow third-party payment processors for deposits and withdrawals?
Yes, PrimeXBT collaborates with numerous third-party payment processors to enable deposits and withdrawals for Taiwanese traders, enabling ease and flexibility in handling their cash.
PrimeXBT Education and Research
While we found PrimeXBT’s education and research a bit limiting, there are at least a few options for Taiwanese traders to gain some knowledge. Here’s what we found on the PrimeXBT website.
Academy
PrimeXBT’s Academy is a valuable resource for Taiwanese traders, offering a wealth of knowledge to help navigate the intricacies of trading. The platform provides resources for traders of all levels, including tutorials, guides, and articles on market analysis, trading strategies, and risk management.
We found that the content is thoughtfully chosen to apply to various markets, featuring examples that mirror the current economic climate in several regions.
In addition, the Academy provides support in various languages, which enhances inclusivity for Taiwanese traders. This resource benefits individuals interested in cryptocurrency trading, providing a strong basis for making well-informed decisions in PrimeXBT’s volatile crypto markets.
Price Charts
PrimeXBT’s Price Charts are indispensable for Taiwanese traders, providing them with up-to-the-minute data and a wide range of technical analysis indicators. The charts are designed to be easy to use and can be customized to suit individual trading preferences.
We found that flexibility is essential for Taiwanese traders who frequently need to consider time zone differences in the global market. In addition, the platform offers custom alerts and indicators to assist traders in identifying trends and making informed decisions.
Furthermore, the integration into PrimeXBT’s trading platform guarantees effortless access to data-driven insights, essential for successfully navigating the fast-paced world of cryptocurrency trading.
Long/Short Trading
PrimeXBT’s feature of facilitating long and short trades is a major benefit for Taiwanese traders, allowing them to capitalize on upward and downward market movements.
We found that this feature is highly valuable in the unpredictable cryptocurrency markets, where short selling can be crucial. The platform offers a range of tools and options to ensure efficient execution.
In our experience, Taiwanese traders have the advantage of flexibility, which enables them to diversify their trading strategies and protect themselves against market downturns.
PrimeXBT’s educational resources provide traders with valuable knowledge to effectively utilize these tactics, optimizing their potential while managing risks.
Blog
PrimeXBT’s Blog is a dynamic resource that offers market developments and trading insights to Taiwanese traders. The platform provides technical analysis, market updates, trading tips, and educational content.
This resource is a valuable tool for traders to stay up-to-date on global economic events that may impact their strategies.
Thoughtfully crafted blog posts provide up-to-date insights into market sentiments, helping traders grasp broader trends. We could see that the content is enriched with expert opinions and analysis, making it valuable for traders of all experience levels.
Market Research
According to our website evaluation, we found that PrimeXBT’s market research provides Taiwanese traders with a valuable analytical advantage, delivering valuable insights into economic indicators, geopolitical events, and market sentiment.
This resource is designed to assist traders in making well-informed decisions by presenting complex information in a format that is easy to understand.
PrimeXBT’s emphasis on providing actionable insights ensures that the information is informative and practical. This helps Taiwanese traders effectively interpret relevant market signals and trends.
Help Center
The Help Center on PrimeXBT is a comprehensive support hub for Taiwanese traders, providing assistance and solutions for platform-related queries and issues.
The content consists of frequently asked questions, troubleshooting guides, and detailed instructions on the platform’s various features.
This resource allows traders to efficiently address technical issues and return to trading without experiencing prolonged downtime. The Help Center is designed to be user-friendly and inclusive for Taiwanese traders, with multilingual support that includes traditional Chinese.
PrimeXBT Community
We explored this resource and found that the PrimeXBT Community serves as a platform for Taiwanese traders to come together, exchange ideas, and gain knowledge from one another.
This platform promotes knowledge-sharing and networking, providing access to a global community while fostering local connections.
Furthermore, community forums and social media channels allow Taiwanese traders to access real-time insights on trader sentiment and market trends, enabling them to make well-informed decisions.
Are any extra tools or features accessible to Taiwanese traders for instructional purposes?
Yes, PrimeXBT includes extra tools on the trading platform, further boosting Taiwanese traders’ learning experience and trading efficiency.
Does PrimeXBT provide specialized training or mentorship for Taiwanese traders?
No. However, while PrimeXBT does not provide individual training or mentorship services, Taiwanese traders will benefit from the platform’s comprehensive educational materials and community forums to learn from peers and industry professionals.
PrimeXBT Bonuses and Promotions
We examined PrimeXBT’s promotional offers in detail, concentrating on the regular trading competitions the site hosts. These competitions are unique because they let traders of all skill levels participate without risking their funds.
The return on investment chooses winners in these competitions (ROI) they obtain during the competition. Contestants are given virtual money to trade with over a predetermined time frame.
PrimeXBT’s trading contests are designed to simulate actual trading situations while introducing a competitive element.
With this contest, Taiwanese traders can start with a virtual balance of 6,000 USDT in the “Crypto Futures Weekly Contest #1” to discover the platform’s new Crypto Futures features, such as adjustable leverage and an order book.
Furthermore, we found that the first place winner receives 500 USDT, second place 350 USDT, and third place 150 USDT of the 1,000 USDT prize fund.
In addition to offering a risk-free setting for strategy testing and platform feature exploration, these contests are instructional tools that let traders observe how their choices would work out in actual market situations.
In addition, the competitive element encourages traders to refine their techniques and abilities, which also provides excitement and drive.
PrimeXBT also ensures that a large audience can enter these competitions by not charging a deposit.
We found that PrimeXBT wants to build a lively and interesting trading community, and this inclusion fits with that. The contests are often organized with various themes and structures, so participants can always look forward to something new.
Are the bonuses on PrimeXBT withdrawable immediately?
Bonuses on PrimeXBT are typically not withdrawable immediately; they are intended to be used for trading and are subject to specific terms and conditions.
How often does PrimeXBT introduce new promotions for traders?
PrimeXBT frequently introduces new promotions, with the timing and nature of these offers varying throughout the year.
PrimeXBT Affiliate Programs
Partnering with PrimeXBT can benefit Taiwanese traders, including what we discuss in PrimeXBT’s affiliate program features. Furthermore, we also cover how traders can sign up to become affiliates with PrimeXBT.
Features
During our comprehensive evaluation of PrimeXBT’s offerings, we extensively examined their affiliate program prominently featured on their dedicated affiliate website. This program allows traders to generate extra income by leveraging their networks.
The distinguishing feature of this platform is its multi-tier structure, which enables participants to earn commissions from not only their direct referrals but also from the traders brought in by those referrals, extending up to four levels.
The cascading commission system can potentially increase earnings as the network grows greatly.
PrimeXBT’s affiliate program is known for its highly competitive commission rates. The trading fee structure for affiliates is highly competitive within the industry, offering a strong incentive for traders to participate.
We found that affiliates can earn up to 50% of the trading fees generated by their direct referrals. In addition, there is no limit on earnings, allowing for unlimited income potential based on the trading activity of referred traders.
Additionally, an important aspect to consider is the lifetime commission benefit. This referral program offers a great opportunity for affiliates to earn a steady stream of passive income through continuous commissions generated by the trading fees of their referred users.
This feature is particularly beneficial for traders who establish extensive and dynamic networks.
The affiliate dashboard offered by PrimeXBT is a powerful tool that provides real-time tracking of referral activity, commissions, and performance analytics.
The transparency enables affiliates to track their progress and fine-tune their strategies closely. In addition, the platform offers marketing materials and support to assist affiliates in attracting and retaining their network.
We also found that PrimeXBT processes affiliate withdrawals daily, ensuring quick access to earned commissions for seamless pay-outs. This rapid pay-out system is highly beneficial for traders who rely on these earnings as a consistent source of income.
How to Register an Affiliate Account with PrimeXBT Step-by-Step
- Start by visiting the PrimeXBT website. Once there, find the “Partners” button in the top left corner of the homepage.
- Click “Partners” and wait for the next page to load fully. This page will provide an overview of the affiliate program and its perks.
- Take the time to read over all of the available information. It’s critical to comprehend the program’s scope, including the multi-tier commission structure and potential profits.
- Pay close attention to the terms and conditions linked to this page. You must first understand the affiliate program’s regulations and requirements to ensure compliance and maximize your advantages.
- After evaluating the material and electing to proceed, find and click the “Become a partner” button. This button is prominently placed on the main affiliate page.
- You will be redirected to the registration form. Here, you must provide your personal information, such as your name, email address, and other necessary information.
- To protect the safety of your PrimeXBT account, create a secure password that fits the security criteria.
- You will be prompted to validate your email address. Check your inbox for a verification email from PrimeXBT and follow the instructions to validate your email.
- Once your email has been authenticated, log in to your new affiliate account with your generated credentials.
- Get familiar with the affiliate dashboard. This is where you’ll keep track of your referrals, see your profits, and access marketing materials.
- Set up your payment details to ensure you receive your commissions. PrimeXBT provides a variety of withdrawal methods, so select the one that is most convenient for you.
- Make use of PrimeXBT’s marketing tools. These can contain banners, links, and other promotional materials that can be used to generate referrals.
- Start promoting your affiliate link through your preferred channels, such as social media, blogs, forums, or personal networks.
- Keep an eye on your dashboard to track the performance of your referrals and modify your promotional techniques for greater success.
- Finally, contact the PrimeXBT community and support if you have any concerns or need help boosting your affiliate potential. They can offer insights and advice on successfully expanding your affiliate business.
Is there a minimum earnings threshold for commission withdrawals in the PrimeXBT Affiliate Program?
Yes, a minimum threshold must be met before you can withdraw your affiliate earnings from PrimeXBT.
Can I promote PrimeXBT to a global audience as an affiliate?
Yes, PrimeXBT’s global reach allows affiliates to promote to users in various countries, with some regional restrictions.
PrimeXBTCustomer Support
| 🔑Customer Support | 🥇PrimeXBT Customer Support |
| ⏰Operating Hours | 24/7 |
| 🌎Support Languages | Multilingual |
| 🔊Live Chat | Yes |
| 💻Email Address | Yes |
| ☎️Telephonic Support | No |
| 🏆The overall quality of Exness Support | 4/5 |
PrimeXBT Response Time
| 🖳Support Channel | Average Response Time | User-based Response Time |
| ☎️Phone | 1 – 5 minutes | 5 minutes |
| 24 hours | Same-day – 24 hours | |
| 💬Live Chat | 2 – 5 minutes | 2 minutes |
| 📱Social Media | 5 minutes | 2 – 4 minutes |
| 🧑🤝🧑Affiliate | 24 hours | Same-day – 24 hours |
| 👉 Open Account | Open Account |
Is PrimeXBT Customer Support available 24/7?
Yes, PrimeXBT offers 24/7 customer support to assist traders at any time.
Are there any customer support resources available on the PrimeXBT website?
PrimeXBT’s website features a comprehensive FAQ section and guides that provide immediate assistance.
PrimeXBT Social Responsibility
While we believe that PrimeXBT emphasizes being socially responsible, we couldn’t find updated information about the broker’s CSR initiatives or projects.
User Comments
✅I’ve tried several trading platforms, and PrimeXBT stands out when it comes to diversifying my money and identifying chances in various markets. The cheap fees are a huge plus. It’s an excellent pick for anyone serious about trading.
✅The PrimeXBT mobile app was a game changer for me. It’s got all the capabilities of the desktop version, allowing me to trade on the go without missing anything critical.
✅When it comes to internet trading, having confidence in where you put your money is critical. This is where I found PrimeXBT gives off a sense of security and dependability, and moving money in and out is simple. The charting’s excellent—they include all indicators I want to do in-depth market analysis.
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Conclusion
After a careful analysis, it is evident that PrimeXBT provides Taiwanese traders with a versatile trading platform, particularly distinguished by its extensive selection of forex and CFD options.
Furthermore, we found the platform’s leverage options cater to seasoned traders, offering them powerful tools to optimize their trading strategies.
The interface of PrimeXBT is sleek and designed to provide a focused trading experience, catering to traders who appreciate a clutter-free and responsive online platform.
Nevertheless, our experience has revealed certain difficulties for Taiwanese traders. It is inconvenient not to have the New Taiwan Dollar (TWD) as an account currency, as it requires currency conversion and incurs associated fees.
In addition, the available payment methods could discourage traders who prioritize simplicity and cost-effectiveness in their transactions. In addition, the platform’s lack of regulation by recognized financial authorities could lead to concerns about oversight and trader protection, even though it is registered as a firm.
Another possible hurdle is the platform’s deviation from conventional educational systems, which might present difficulties for beginners looking for support and educational materials in trading.
Furthermore, the affiliate program is impressive, providing additional revenue streams through a comprehensive multi-tier system. However, it’s important to note that other limitations to the platform may need to be considered.
Overall, we can conclude that PrimeXBT provides attractive features for Taiwanese traders, including high leverage and a user-friendly interface.
Nevertheless, certain obstacles can’t be ignored. Therefore, it’s important for traders in Taiwan to thoroughly evaluate these factors to ensure that they are aligned with their trading needs and risk tolerance.
Our Insight
PrimeXBT has a unique offer for Taiwanese traders. While the broker caters to a range of traders, we believe some improvements can be made to PrimeXBT’s services and solutions for Taiwanese traders specifically.
Our Recommendations
➡️Providing services in Traditional Chinese and aligning with local Taiwanese business hours would greatly improve the support experience for Taiwanese traders.
➡️Creating a wide range of educational materials and resources in Traditional Chinese would benefit new traders by helping them better understand the markets and the platform.
➡️It is important to prioritize compliance with local regulatory standards to instill a sense of security and trust among Taiwanese traders on the platform.
➡️It would benefit from PrimeXBT to include Traditional Chinese language options on its platform. This step would not only improve accessibility for Taiwanese traders who may encounter difficulties with English but also show a dedication to customizing the user experience for this particular market. The lack of Traditional Chinese options may be a challenge, but addressing this issue could greatly improve user satisfaction and attract more users in Taiwan.
➡️PrimeXBT could consider introducing the New Taiwan Dollar (TWD) as an account currency to better cater to local preferences. This move would make trading more cost-effective for Taiwanese users by eliminating the need for currency conversion and associated fees.
➡️Including payment methods commonly used in Taiwan would make deposit and withdrawal processes easier for traders.
➡️By actively participating in local events and taking the time to understand the cultural nuances that can impact trading behavior, the platform can establish a stronger connection with its Taiwanese user base.
PrimeXBT Pros and Cons
| ✅Pros | ❌Cons |
| PrimeXBT offers a diverse range of instruments that can be traded, with a focus on cryptocurrencies | There is no TWD-denominated account |
| The platform’s user interface is user-friendly and intuitive | There is no localized support in Taiwan |
| The affiliate program is a lucrative opportunity for Taiwanese traders to receive rewards for referring clients to the platform | PrimeXBT is not officially regulated even though the broker is registered |
| There is a competitive fee structure | There are limited educational resources compared to other brokers |
| There are several advanced trading tools like charting and one-click trading | Traders can’t use local payment methods from Taiwan for deposits and withdrawals |
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PrimeXBT Frequently Asked Questions
Can I legally use PrimeXBT in Taiwan?
Yes, you can. Taiwan is not on PrimeXBT’s list of restricted regions. However, certain regulations might apply if you’re using PrimeXBT from Taiwan.
Can I deposit and withdraw New Taiwan Dollars (TWD) on PrimeXBT?
No. PrimeXBT mostly accepts cryptocurrency and USD. Before making a deposit, you will most likely need to convert TWD to a compatible cryptocurrency.
Does PrimeXBT provide a demo account for practicing in Taiwan?
Yes, PrimeXBT offers a demo account through its trading contests.
Are there any tax ramifications for Taiwanese traders utilizing PrimeXBT?
Yes. Cryptocurrency profits might be subject to tax in Taiwan.
Can I join PrimeXBT’s affiliate program from Taiwan?
Yes, you can. PrimeXBT offers its services to Taiwanese traders, including access to the lucrative affiliate program.
