Review

PrimeXBT allows you to buy Bitcoin, Ethereum or stablecoins in your local currency, using a bank transfer, Visa or Mastercard. Once you've funded your account, you can invest in crypto, Forex, commodities and stock indices through its trading platform. Alternatively, you can invest passively by copying other successful investors through its platform. Last but not least, earn passive income on your crypto through its staking programme.

  • Buying options
  • Fiat currencies: AUD and 74 others
  • Payment methods: 4
  • Pros
  • Open an account in minutes.
  • Trade crypto, Forex, commodities and stock indices through a single account.
  • Leverage up to 1,000 times your initial investment (200 times for crypto).
  • Earn passive income on BTC, ETH or USDT.
  • Easily copy other investors.
  • Cons
  • You could lose more than your initial investment if you use leverage, because PrimeXBT doesn't offer negative balance protection.

Instant Buy Fees

Fees

Buy Bitcoin, Ethereum or stablecoins (USDT and USDC) using a credit card, debit card, a bank transfer or even a gift card.

PrimeXBT won't process your purchase directly. Instead, PrimeXBT has partnered with the following service providers:

  • Coinify: Coinify charges a 1% fee for purchases made through a bank transfer, and a 2.7% fee for that made with Visa or Mastercard. When using Coinify for the first time, you'll need to create an account and confirm your identity.

  • Xanpool: Xanpool allows you to buy crypto-currency in your country's local currency. This service supports a wide range of payment methods. The price you see includes all fees. When using Xanpool for the first time, you'll need to create an account and confirm your identity.

  • Paxful: Paxful is a peer-to-peer marketplace. Filter sellers in your country by payment method. The price you see includes all fees. Some, but not all sellers, will require that you confirm your identity.

All purchases will be credited to your PrimeXBT account automatically.

Trading Fees

Fees

PrimeXBT's fees are low and transparent.

You'll only pay a 0.05% commission when you buy or sell crypto-currency through its platform. This commission is just 0.0001% across other asset classes (Forex, commodities or stock indices like the S&P 500).

Trading Fees (Spot)
PrimeXBTBinanceHuobi
Maker fees0.05%0.10%0.099%
Taker fees0.05%0.10%0.099%
Discount when holding its tokenNA20%29%

Margin Trading Fees

Fees

PrimeXBT's funding rates are low and transparent.

You'll also pay what is known as a "funding rate" whenever you use leverage or go short. These funding fees amount to interest on amounts borrowed. PrimeXBT updates these funding rates regularly and publishes that information on its website. Please visit its website for up-to-date information.

Daily Equivalent %
PrimeXBTBinanceHuobi
BTC0.0694%0.02%0.098%
ETH0.1028%0.02%0.098%
USDTNA0.06%0.098%
BNBNA0.30%NA
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