PrimeXBT is one of the top trading platforms known for allowing users to trade in different instruments. One can trade crypto, commodities, indices, and forex on the platform. Also, the platform has recently introduced its Futures trading service, giving tough competition to other exchanges.
So, how does PrimeXBT futures trading compare to other exchanges? And what are the features you are getting?
To help you with all the questions, this post will give you an in-depth review of the platform.
So here we go:
What is PrimeXBT Futures?
PrimeXBT is a well-known trading platform launched back in 2018, and it is based in Seychelles. It allows users to trade in various global markets, including cryptocurrency futures.
Talking about futures trading, PrimeXBT has heavily focused on making the overall trading experience smoother and better. It still has the same design, look, and functionality as the regular user interface. So, starting with futures trading would be easy if you are already using the exchange.
For new users, the user interface is easy to understand and use. The user interface is entirely customizable, so you can customize it to match your trading style.
Furthermore, it offers you a wide range of crypto futures contracts. And you can place both long and short orders around the clock via Perpetual Swaps.
To enhance the experience further, it also comes with an all-new order book where you can view bids and asks depth to understand the market profile.
You can also use the following PrimeXBT promo code Inwara7000 to get up to $7000 bonus when you sign up on the exchange.
Use Coupon Code Inwara7000 to get a deposit bonus of up to $7000
Use Coupon Code Inwara25 to get 25% discount on trading fees
PrimeXBT Futures Supported Coins
Initially, PrimeXBT futures started with just eight tradable assets. However, the platform keeps adding new contracts occasionally, so you will always have new cryptocurrencies in your trading portfolio.
It features most of the high-volume crypto futures assets while some new altcoins. Some of the popular crypto futures that PrimeXBT includes are:
- BTC/USD
- ETH/USD
- LTC/USD
- XRP/USD
- BNB/USD
- MATIC/USD
- ATOM/USD
- TRX/USD
- ADA/USD
- ALGO/USD
- AVAX/USD
- AXS/USD
- DOGE/USD
PrimeXBT promises deep liquidity for all their trading pairs with instant order execution. So you never have to miss out on your preferred entry or exit price.
PrimeXBT Futures Trading Fee
Trading Fee
The trading fee must be the most crucial factor for any exchange. You, as a trader, don’t want to pick an exchange that has a high cost for each order, and fortunately, PrimeXBT does have cheap trading fees.
PrimeXBT uses the usual maker and taker trading fee structure. On top of that, it has a financing 8H / Short trading fee, which will be only applicable if you hold your trades for more than 8 hours.
Talking about the fees, it has a maker fee of 0.01% and a taker fee of 0.02% for most trading pairs. Along with that, it charges you a financing 8H fee of 0.01%.
However, unlike other exchanges, you are required to trade a minimum order size. The order size varies from one trading pair to another. For instance, the minimum order size for BTC/USDT is 0.001 BTC, while for an altcoin like DOGE, it is 100 DOGE coins.
To have a better understanding of the whole fee scenario, it would be better if you look at its trading fee page.
To save on trading fees, you can use this PrimeXBT Promo code Inwara25 to enjoy a 25% discount on trading fees.
Deposit & Withdrawal Fees
Talking about deposits, PrimeXBT does not charge any fees. However, depending on your deposit fee, the payment processor may attract specific fees. For instance, if you deposit crypto from another wallet or exchange, then it will attract a network fee. Similarly, you will need to pay fees when you use payment gateways like Advpay or PerfectMoney.
Coming to withdrawals, you can request funds withdrawal to crypto wallets, and the withdrawal fee varies from currency to currency. For instance, there is a withdrawal fee of 0.0005 BTC for Bitcoin and 0.002 ETH for Ethereum.
Also, there are some withdrawal limitations you must be aware of. For instance, if you are a verified user, there are no restrictions. However, unverified account holders can only withdraw $20,000 per day.
To get a deposit bonus while signing up, make sure to use PrimeXBT promo code Inwara7000 to get up to $7000.
Use Coupon Code Inwara7000 to get a deposit bonus of up to $7000
Use Coupon Code Inwara25 to get 25% discount on trading fees
PrimeXBT Futures Product Offerings
PrimeXBT doesn’t offer too many products under their futures trading window, like trading futures contracts with an expiry date. Instead, it offers perpetual swaps with no expiry date. You can hold your positions for as long as you want for certain fees.
It offers you USD-M Futures contracts only. This means all your positions will be settled in USDT, and as a trader, you need to deposit the same before you can start trading.
PrimeXBT Futures Leverage
One of the highlights of PrimeXBT futures is its leverage. It offers you leverage between 2x and 200x, which is one of the highest in the market.
However, just like any other exchange, the 200x leverage is only available for certain trading pairs.
Thanks to the high leverage, you can open larger profits with small capital. However, as a trader, you should also know that when you use high leverage, you must have proper risk management strategies.
PrimeXBT Futures Order Types
PrimeXBT offers you three order types to help you get more control over your trades. Here is a quick overview of all the supported order types:
- Market: A market order is executed immediately at the current market price without requiring you to enter your buy price.
- Limit: A limit order gives you more control over your trade by allowing you to enter a specific buying and selling price. The order will only be completed when the market reaches that price.
- Stop: A stop order is designed to help you cut down your losses. It gets automatically triggered when the price reaches a predefined price point known as the stop price. So when the market moves against you, your trade will automatically close at your stop loss.
PrimeXBT User Interface
One of the highlights of PrimeXBT futures is its customizable dashboard and advanced tools that suit both beginner and experienced traders.
The dashboard is highly customizable. As a result, you can adjust what information you want to display on the screen, where it is located, and how it is presented.
You can use the drag and drop feature to rearrange different widgets on your screen and get the most out of it.
To enhance your trading experience further, the technical chart is powered by TradingView. As a result, you will be able to use wide range of technical indicators and drawing tools.
How To Get Started With PrimeXBT Futures Trading?
Getting started with PrimeXBT is easier than you think, and here are the complete steps to help you sign up:
- First, go to PrimeXBT.com and click on Register.
- Enter your email and password and complete the signup process.
- Next, to activate your promo code, you will need to click on the square icon and select Promo codes.
- After that, use the Inwara7000 to get a $7000 deposit bonus and Inwara25 to get a 25% trading fee discount.
- Next, go to Main > Deposit and deposit your funds under Crypto futures.
- Finally, to trade futures, click on Trade > Crypto Futures.
Benefits of Trading Futures with PrimeXBT
Trading futures with PrimeXBT definitely has many benefits that cater to a wide range of traders. Some of the key benefits are:
- High Leverage: First, you get an extremely high leverage of 200x. This is much higher than most other crypto exchanges and helps you to amplify your trading capital, leading to higher profits on successful trades.
- Low Fees: PrimeXBT has a low trading fee, which is just 0.01% for maker fees and 0.02% for taker fees. This will help you cut down on trading costs, save more on your profits, and minimize losses.
- Multiple tradable assets: For crypto futures trading, you are getting multiple tradable assets from famous pairs like BTC/USDT and ETH/USDT to some lesser-known trading pairs like the UNI/USDT. Also, apart from just crypto futures you can trade other instruments too like forex, commodities, indices and more.
- Cross-Margin and Isolated-Margin Trading: It offers you both cross-margin and isolated-margin trading. So, as a trader, you can get more control over your risk management strategies.
- Deep Liquidity: PrimeXBT is known for providing deep liquidity. This helps you as a trader to execute your trades rapidly and at your desired price, which can help minimize slippage and enhance overall trading efficiency.
- Customizable dashboard: PrimeXBT offers a customizable dashboard with TradingView integrated. Thanks to this, you can easily rearrange your screen and always stay updated with the required data.
- Security: PrimeXBT is backed by robust security measures, including bank-grade security protocols and cold storage solutions for your crypto holdings. Plus, you can secure your account with 2FA against unauthorized access.
Use Coupon Code Inwara7000 to get a deposit bonus of up to $7000
Use Coupon Code Inwara25 to get 25% discount on trading fees
Conclusion
Trading futures with PrimeXBT can be exciting, thanks to its affordable trading fee, availability of multiple assets, and easy-to-use interface. The platform is also backed by robust solutions to facilitate your trades smoothly and protect your account against any threats.
Along with that, you are also getting an exciting signup bonus of $7000 upon using Inwara7000. Plus, a 25% discount on your trading fees when you use the Inwara25 coupon code.
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