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  • 12 Best Crypto Exchanges 2026: Which Platforms Reign Supreme?

    12 Best Crypto Exchanges 2026: Which Platforms Reign Supreme?

    When venturing into the world of cryptocurrencies, selecting the right cryptocurrency exchange is crucial. With numerous platforms available, it’s essential to consider several different factors to ensure a smooth and secure trading experience. Arguably, the most important aspect to consider is the exchange’s reputation and credibility.

    Look for well-established exchanges with a proven track record of reliable service and robust security measures. Research user reviews and check if the exchange has experienced any major security breaches in the past to weed out unreliable and unsecured platforms.

    List of the 12 best crypto exchanges in 2026

    1. Binance – The best all-around exchange with high liquidity and plenty of additional features
    2. PrimeXBT – The best exchange for trading crypto futures and CFDs with high leverage
    3. KuCoin – An exchange that supports over 700 different coins, ideal for altcoin traders
    4. Kraken – A CEX known for its top-tier security, the best choice for safety-conscious traders
    5. OKX – A CEX with a wide array of features and products, the best alternative to Binance
    6. Bybit – The best exchange for trading crypto futures and crypto derivatives
    7. Coinbase – A USA-based user-friendly exchange with a strong security record
    8. Uniswap – The leading decentralized exchange for convenient token swaps
    9. Crypto.com – Versatile crypto trading platform with its own Visa card
    10. Hyperliquid – Highly efficient decentralized exchange with great UX
    11. MEXC – The best exchange for discovering and trading newly listed coins
    12. PancakeSwap – The leading DEX for the BNB Chain ecosystem and yield farming

    12 Best crypto exchanges: Unveiling the safest and most trusted crypto exchanges in 2026

    While the security of your funds should be your top priority, there are several other factors that make selecting your go-to cryptocurrency exchange a rather complex task. Another crucial consideration, for example, is the variety of cryptocurrencies and trading pairs offered by the exchange. Different exchanges support different digital assets, so ensure that the platform you choose supports the cryptocurrencies you intend to trade.

    Additionally, you should evaluate the exchange’s liquidity and trading volume. Higher liquidity usually translates to better price stability and faster execution of trades. Moreover, consider the fees charged by the exchange, including deposit, withdrawal, and trading fees. Compare the fee structures of different exchanges to find the most cost-effective option for your trading style.

    By carefully considering all these factors, you can make an informed decision and select a cryptocurrency exchange that aligns with your requirements for security, variety, liquidity, and affordability and allows you to pursue the best crypto investment opportunities around the clock.

    To further help you in your decision-making process, we present what we believe are the 12 best cryptocurrency exchanges for retail cryptocurrency traders in 2026:

    1.   Binance – The best cryptocurrency exchange overall

    Binance was launched by serial entrepreneur Changpeng Zhao (also known as CZ) in July 2017. In less than 6 months, CZ grew Binance into the largest digital asset exchange in the world by trading volume. Today, Binance is the largest cryptocurrency exchange worldwide, dominating the market in terms of both trading volume and user base.

    Why did we choose Binance?

    We have chosen Binance as the best cryptocurrency exchange overall due to its competitive fee structure, extensive selection of cryptocurrencies, and diverse range of trading products and features, catering to all types of cryptocurrency investors and traders. On Binance, users can engage in spot trading, margin trading, as well as futures and contracts trading of over 400 cryptocurrencies. 

    Binance supports fiat trading pairs and even offers a Binance Card, which allows you to easily spend your crypto for day-to-day expenses. The platform also offers additional features such as lending and staking, allowing users to earn a yield on their idle crypto assets.

    However, it’s important to note that Binance does not accept customers from the United States. US-based traders can resort to Binance.US, although this US-focused branch of Binance offers fewer features and lists a narrower range of cryptocurrencies. In addition, Binance does not have a clean sheet when it comes to the security of the funds, as the exchange’s wallets got hacked in 2019.

    Pros:

    • Unparalleled liquidity among all exchanges
    • Wide range of listed cryptocurrencies (400+)
    • Margin trading and crypto futures are available
    • One of the lowest fees in the industry (0.075% when paid with BNB)
    • Numerous staking and lending products offered
    • Crypto debit card with up to 2% cashback

    Cons:

    • Binance.US, which is available to United States residents, has much fewer features and lists fewer cryptocurrencies.
    • Experienced a hack in 2019, resulting in the theft of 7,000 BTC
    Trade on Binance

    2. PrimeXBT – The best exchange for trading crypto futures and CFDs with high leverage

    Founded in 2018, PrimeXBT has become one of the leading platforms for trading cryptocurrency futures and contracts for differences (CFDs). It caters to both retail and professional traders who want access to a wide variety of asset classes under one roof — including crypto, commodities, forex, and stock indices — while maintaining a clean, user-friendly interface.

    Why did we choose PrimeXBT?

    PrimeXBT distinguishes itself with its focus on leveraged trading and advanced trading features. Traders can access leverage of up to 1000x on certain cryptocurrency products, significantly amplifying their market exposure. In addition to major crypto assets like BTC, ETH, and LTC, the platform supports trading on commodities (such as gold and oil), forex pairs (like EUR/USD and GBP/USD), and major stock indices including the S&P 500 and NASDAQ.

    The platform has competitive fees, with crypto futures trading fees starting at 0.01% for makers and 0.015% for takers, while CFD spreads start from 0.1%. PrimeXBT also integrates professional-grade charting tools, indicators, and technical analysis features, making it a suitable choice for experienced traders who rely on precision and flexibility.

    While it doesn’t offer spot trading and has a smaller selection of cryptocurrencies compared to large CEXs, PrimeXBT fills a valuable niche for users looking to trade with leverage across multiple asset classes.

    Pros:

    • Up to 1000x leverage for certain products
    • Competitive fee structure, with fees starting from 0.01%
    • Ability to trade a wide variety of assets beyond cryptocurrencies
    • Extensive range of trading tools and advanced order types

    Cons:

    • No spot markets
    • Relatively limited selection of supported cryptocurrencies
    Trade on PrimeXBT

    3.   KuCoin – The best exchange for altcoin trading

    KuCoin is a prominent cryptocurrency exchange renowned for its extensive selection of cryptocurrencies, including low market cap coins that are often scarce on other major exchanges. This altcoin-focused exchange was established in 2017.

    Why did we choose KuCoin?

    With nearly 1,000 different cryptocurrencies available for trading, KuCoin reigns supreme among large centralized exchanges in terms of the availability of different digital assets. By offering margin trading, crypto futures trading, crypto lending, NFTs, and various other products, the platform also proves that it is not merely a simple exchange for low market cap altcoins. KuCoin also features “Beginner Zone,” a designated section for newcomers entering the crypto space, where they can learn about crypto and blockchain and earn crypto rewards along the way.

    KuCoin has gained recognition among the crypto community and is one of the largest cryptocurrency exchanges by trading volume, making it a reliable choice for users seeking a comprehensive crypto exchange experience. However, it should be noted that KuCoin is not licensed to operate in the United States.

    Pros:

    • An extensive list of supported cryptocurrencies (1,000+)
    • Offers spot trading, margin trading, and crypto futures
    • Competitive fee structure
    • Integrated NFT marketplace, launchpad, and beginner zone
    • Features several lending products

    Cons:

    • Not licensed to offer services to residents of the United States
    • Suffered a notable security breach in 2020
    Trade on KuCoin

    4.  Kraken – The centralized exchange with the best security

    Kraken was founded in San Francisco, California, in 2011. Kraken was among the pioneers of the cryptocurrency exchange business and was one of the first Bitcoin exchanges to be listed on the Bloomberg Terminal.

    Why did we choose Kraken?

    We have selected Kraken as the best centralized exchange in terms of security because of its outstanding security track record. Over more than a decade of operation, the exchange has not reported a single compromise of its wallets. Besides being among the first exchanges to offer users security features such as 2-factor authentication, Kraken apparently also takes good care of users’ funds in the exchange’s cold and hot wallets. This solidifies Kraken’s position as one of the safest cryptocurrency exchanges.

    Although Kraken may not list as many cryptocurrencies as some competitors like Binance and KuCoin, it still offers a diverse selection, ensuring users can find the coins they desire, excluding those with very low market capitalization. The base trading fees are also a bit higher than with some other exchanges (makers pay 0.16% and takers pay 0.26%).

    Pros:

    • Unbeatable security track record
    • Excellent and prompt customer support
    • Lists several fiat-crypto trading pairs
    • The trading interface can be customized
    • Supports staking of several coins and tokens directly from the platform

    Cons:

    • Fewer listed cryptocurrencies compared to some competitors (around 200)
    • Trading fees are higher than those of some competitors
    Trade on Kraken

    5.   OKX – A versatile crypto exchange with a wide range of features

    Established in 2017 by Star Xu, OKX is not the oldest nor the youngest cryptocurrency exchange on our list. Nevertheless, since 2017 OKX has grown to become one of the prominent cryptocurrency trading platforms, consistently ranking among the top 5 exchanges in terms of trading volume.

    Why did we choose OKX?

    OKX impresses with its comprehensive range of features designed for both crypto investors and traders, offering an extensive selection of diverse cryptocurrencies. OKX’s trading platform manages to satisfy the needs of various crypto participants, including newcomers, Web3 enthusiasts, and traders seeking professional-grade trading capabilities.

    Users can engage in spot markets, margin trading, crypto futures, options, and other products, allowing for versatile trading with cryptocurrencies. Additionally, OKX provides staking and lending products for those interested in earning yield on their crypto holdings. OKX also has a designated dashboard that facilitates interaction with decentralized finance (DeFi) protocols across different blockchain networks.

    Pros:

    • OKX provides a full suite of features
    • Suitable for both beginners and professional users
    • Has low trading fees (Base fees are 0.14% for makers and 0.23% for takers)
    • Easy interaction with Web3 applications
    • Lists more than 300 cryptocurrencies 

    Cons:

    • Does not offer services to customers from the United States
    • It does not support fiat deposits (crypto can be bought using a credit card, though)
    • No fiat trading pairs
    Trade on OKX

    6.   Bybit – The best exchange for trading crypto derivatives

    Established in 2018 as a cryptocurrency exchange specializing in derivatives products like futures, Bybit has evolved over the years to become a top-tier platform catering to diverse investors and traders.

    Why did we choose Bybit?

    Bybit is a derivatives-focused exchange renowned for its BTC/USD perpetual contracts, providing traders with leverage of up to 100x. The platform boasts live 24/7 multilingual customer support and offers exceptional order execution speeds, ten times faster than the industry average. Bybit stands out with its unique Bybit Launchpad, enabling users to participate in token sales from emerging crypto projects. The exchange also features copy trading functionality, which enables the automatic replication of trades made by high-performing traders.

    With a focus on comprehensive safety measures, financial industry-grade risk management, and an intuitive and customizable user interface, Bybit ensures a seamless trading experience for almost every kind of cryptocurrency trader.

    Pros:

    • Comprehensive futures and margin trading options with up to 100x leverage
    • Competitive fee structure (base fee is 0.1% for both takers and makers)
    • Copy trading mode and trading bot function
    • Offers opportunities for earning yield through lending products

    Cons:

    • Does not offer services to customers from the United States
    Trade on Bybit

    7.   Coinbase – The best exchange for beginner traders

    Coinbase was established in 2012 and has since then emerged as a prominent player in the cryptocurrency exchange market. In April 2021, Coinbase became a publicly traded company in the United States. As such it has to suffice much higher standards when it comes to transparency of its operations compared to privately held exchanges.

    Why did we choose Coinbase?

    Renowned for its user-friendly interface, Coinbase serves as a popular entry point for individuals looking to venture into the world of cryptocurrencies. The platform facilitates easy deposits through wire transfers and card payments, positioning it as an ideal platform for beginners. Coinbase also offers plenty of educational materials as well as a learning program, where users have the opportunity to earn cryptocurrencies by engaging with educational materials on different digital assets.

    Coinbase is headquartered in the United States and is therefore the exchange of choice for many U.S.-based traders. Additionally, Coinbase provides various fiat currency trading pairs, enabling direct digital asset trading against currencies such as USD and EUR. Last but not least, Coinbase boasts an exceptional security track record, with no reported instances of wallet breaches.

    Pros:

    • Publicly traded company in the U.S.
    • Exceptional security track record
    • Very easy to use and, therefore, perfect for onboarding beginners
    • Supports fiat deposits and withdrawals
    • Offers several crypto-fiat trading pairs
    • All trading pairs boast high liquidity

    Cons:

    • Higher fees than other CEXs (base taker fee is 0.6%)
    • Low leverage (only up to 3x) that is only available in Coinbase Pro
    Trade on Coinbase

    8.   Uniswap – The leading decentralized exchange (DEX)

    Uniswap launched on the Ethereum mainnet in November 2018 and has been setting high standards for DEXs ever since. Today, Uniswap v3 is used by a large number of traders and repeatedly posts impressive trading volumes.

    Why did we choose Uniswap?

    We chose Uniswap to represent the decentralized exchanges due to its simplicity, transparency, and ability to facilitate token swaps directly on the blockchain through smart contracts. Utilizing Uniswap, users can perform trades directly from their own wallets without the need for intermediaries or completing KYC procedures. Uniswap naturally supports all ERC-20 tokens, but the emerging tokens usually have rather low liquidity. 

    Nevertheless, Uniswap has become a go-to platform for trading promising tokens before they are listed on centralized exchanges. While Uniswap offers high liquidity and potential for earning profits through liquidity provision, users should be cautious of potential scams (swapping valuable assets for fake tokens) and be aware of potential network congestion that leads to fee surges. Trading fees are 0.01%, 0.05%, 0.30%, 1% depending on the liquidity pool. In addition, the taker also has to cover the gas fees of the transaction.

    Pros:

    • Trading straight from your wallet without third-party involvement
    • The DEX with the highest liquidity
    • No registration or KYC procedures required
    • Allows liquidity providers to earn rewards

    Cons:

    • On average, fees are higher than on centralized exchanges
    • Fees skyrocket when the Ethereum network is congested
    • Scammers will try to sell you fake tokens
    Trade on Uniswap

    9. Crypto.com – Versatile crypto trading platform with its own Visa card

    Crypto.com is a major crypto exchange that offers a full suite of services for cryptocurrency traders and investors. This includes spot trading, derivatives trading, staking, crypto swaps, a Visa card for spending cryptocurrency balances and much more. 

    Why did we choose Crypto.com?

    Crypto.com is a rock-solid choice for any cryptocurrency investor, as the exchange doesn’t have any major flaws and offers strong liquidity alongside a plethora of features. The exact features available to you will depend on where you live, as Crypto.com has a global presence and has to adhere to local regulations. 

    One of the highlights of Crypto.com is the exchange’s Visa card, which can be used to spend cryptocurrency balances in everyday purchases. The card’s base tier can be acquired for free, although it doesn’t offer any cashback. Higher tiers require users to lock up a certain amount of CRO tokens, but provide cashback rewards (paid in CRO). 

    If you’re someone who’s looking for a reputable exchange to buy and sell crypto and you value having access to more advanced features, Crypto.com is certainly worth considering. However, we should also mention that some of Crypto.com’s most attractive features require users to hold the CRO token, which could be a dealbreaker for some.

    Pros:

    • Large selection of listed cryptocurrencies
    • Reasonable fee structure
    • Users have access to the Crypto.com Visa card
    • Caters to both active traders and passive investors

    Cons:

    • Some of the exchange’s best features require users to hold CRO
    Trade on Crypto.com

    10. Hyperliquid – Highly efficient decentralized exchange with great UX

    Hyperliquid is a decentralized exchange built on top of a customized blockchain platform. Thanks to the blockchain’s focused design, Hyperliquid can handle a large number of orders (up to 100,000 per second) and provides low transaction costs combined with minimal slippage.

    Why did we choose Hyperliquid?

    Unlike most other decentralized exchanges, which are built using the AMM (automated market maker) model, Hyperliquid uses the more traditional orderbook model. This means that anyone who has experience with centralized exchanges is able to easily transition to Hyperliquid, as the user experience is quite similar to centralized exchanges.

    Currently, Hyperliquid can be used to trade over 100 different cryptocurrencies, and traders can access leverage of up to 50x. Like with centralized exchanges, traders on Hyperliquid can choose between market orders and limit orders. When it comes to the customization of limit orders, Hyperliquid supports GTC (good till cancel), IOC (immediate or cancel) and post-only orders. 

    On top of its basic trading functionality, Hyperliquid also provides copy trading. In addition, users can provide liquidity for Hyperliquid’s HLP vault (which handles market making and liquidations) to earn rewards. 

    If you’re interested in trading on a DEX but haven’t had much luck with the DEXes you’ve tried, Hyperliquid is certainly worth a try as it provides a very smooth user experience while listing a solid range of crypto assets and offering high leverage.

    Pros:

    • One of the most efficient and user friendly DEXes
    • Low fees and low slippage
    • Copy trading functionality
    • High leverage (up to 50x)

    Cons:

    • Operates on its own blockchain, which means users have to bridge funds
    • Number of available cryptocurrencies is much lower than on top CEXes and AMMs
    Trade on Hyperliquid

    11. MEXC – The best exchange for discovering and trading newly listed coins

    MEXC is a rapidly growing cryptocurrency exchange that stands out for its massive selection of supported assets and its speed in listing new coins. With more than 2,670 cryptocurrencies and over 3,000 trading pairs, MEXC is often one of the first platforms to list trending tokens, including meme coins and other highly speculative assets. This makes it a go-to exchange for traders looking to gain early exposure to new market opportunities.

    Why did we choose MEXC?

    MEXC delivers a full suite of features that can rival many top-tier exchanges. Users can buy crypto with a credit card or bank transfer, trade in both spot and futures markets, and participate in savings programs to earn passive income. The exchange also hosts Launchpads and Kickstarter events that allow users to gain early access to promising projects.

    MEXC has its own native token, MX, which provides holders with reduced trading fees, access to exclusive rewards, and eligibility for Launchpad participation. On the trading side, the exchange charges 0% fees for spot trades and just 0.010% for futures takers, which is highly competitive.

    If your strategy revolves around catching new listings and exploring less established coins, MEXC is one of the best platforms available. However, if your focus is mainly on blue-chip cryptocurrencies like Bitcoin and Ethereum, larger exchanges with deeper liquidity might be a better fit.

    Pros:

    • Quickly lists new coins
    • Lists more than 2,650 different cryptocurrencies
    • Zero spot trading fees
    • Special benefits for MX token holders
    • Launchpad and Kickstarter platforms

    Cons:

    • Not as established as some other leading cryptocurrency exchanges
    • Liquidity can be poor for certain smaller coins
    Trade on MEXC

    12. PancakeSwap – The leading DEX for the BNB Chain ecosystem and yield farming

    PancakeSwap is a decentralized finance (DeFi) platform built on the BNB Chain, best known for its automated market maker (AMM). It’s the most popular and liquid decentralized exchange in the BNB Chain ecosystem, enabling users to trade tokens directly from their wallets without relying on a centralized intermediary.

    Why did we choose PancakeSwap?

    BNB Chain has become one of the most active blockchain networks, thanks to its low transaction fees and fast confirmation times, and PancakeSwap sits at the center of this ecosystem. Backed by strong support from Binance, it has grown into a top DeFi protocol with a total value locked (TVL) of over $1 billion, making it one of the largest AMMs in the industry.

    The platform is powered by the CAKE token, which plays multiple roles within the PancakeSwap ecosystem. Users can stake CAKE in Syrup Pools to earn rewards, provide liquidity to earn additional CAKE, and participate in governance by voting on proposals. Beyond BNB Chain, PancakeSwap has expanded to other networks such as Ethereum, Polygon zkEVM, Base, and Aptos, increasing its accessibility across the multi-chain DeFi landscape.

    While PancakeSwap has cemented its position on BNB Chain, adoption on other chains has been more modest. Still, its deep liquidity, broad feature set, and user-friendly design make it a clear leader for DeFi activity on BNB Chain.

    Pros:

    • The most liquid AMM on BNB Chain
    • Extensive product suite that goes beyond basic DEX functionality
    • Trading on BNB Chain is fast and relatively cheap

    Cons:

    • Hasn’t seen a lot of traction on other chains
    Trade on PancakeSwap

    Our methodology for selecting the best crypto exchanges

    When assessing a cryptocurrency exchange, numerous factors demand consideration. Here are 7 aspects we focused on while selecting and ranking the top 12 cryptocurrency exchanges for 2025:

    • Security: When assessing cryptocurrency exchanges, security was the number one qualifying factor. We examined the security track record of each exchange and investigated the level of transparency regarding the reserve holdings of each exchange.
    • Longevity: We ranked exchanges that have been in business for an extended period of time higher on our list as compared to emerging platforms.
    • Trading fees: High fees can eat away a large portion of your profits, so we favored exchanges with lower fees. Trading fees as well as deposit and withdrawal fees, were taken into account.
    • Trading features: Exchanges that offer advanced features, such as leveraged trading through margin trading, futures, options, and other instruments, were given higher regard in our assessment.
    • Tailored user experience: We believe that a good cryptocurrency exchange should offer both a simple UI for beginners as well as advanced layouts, which give access to a broader range of customizable options for advanced users.
    • Additional products: Exchanges offering additional products like lending, staking, and NFT marketplace were given bonus points.
    • Availability: We evaluated only exchanges that are available in a large number of jurisdictions, leaving out niche country-specific platforms.

    How to select the crypto exchange that is best suited for you?

    You must be aware that because of every trader’s specific needs, the exchange that is the best for one trader might cause a lot of nuisance to another. This is why you should answer a few key questions yourself before continuing the search for the perfect exchange.

    • Are you an active trader, or do you perform just a few trades per month? If you assume you are going to perform a lot of trades, you should likely steer away from exchanges with high fees. If you only buy or sell crypto every once in a while, low trading fees should not be your top priority. Also, you can check our selection of the best cryptocurrencies to buy for the long term.
    • Which cryptocurrencies are you looking to trade? While most exchanges support most major cryptocurrencies, the support gets more and more limited the lower you move towards, the lower market capitalization coins. Therefore, make sure that the exchange supports your favorite cryptos (especially if you are into low market-cap altcoins).
    • Do you plan to keep the crypto on the exchange for longer periods? Although we strongly recommend moving your digital assets to a hardware wallet or other cold storage, active trading and waiting for a good investment opportunity can require having your funds on the exchange. If you plan to hold crypto in the exchange wallet for an extended period, make sure to prioritize the reliability and security track record of the exchange in your decision.
    • Will you trade using leverage or trade crypto contracts and derivatives? If you only want to trade on spot markets, the additional trading products are irrelevant to you.
    • How do you wish to deposit and withdraw your assets? Some cryptocurrency exchanges only offer crypto-to-crypto trading. Make sure your exchange supports crypto-fiat trading as well as fiat deposits if you want to fund your account using fiat currencies like USD and EUR. The same goes for withdrawals if you want to withdraw to your fiat bank account, for example.

    What is the difference between centralized and decentralized exchanges?

     Centralized exchanges (CEXs) and decentralized exchanges (DEXs) differ in their fundamental operating principles.

    • Centralized exchanges are entities that act as intermediaries between buyers and sellers and have custody over the users’ funds. The transactions and trades are verified by a centralized authority – the exchange itself. CEXs often have user-friendly interfaces, high liquidity, and support for various trading features. However, they require users to trust the exchange with the security and control of their funds.
    • Decentralized exchanges operate on a distributed network without a central authority controlling the trading process. DEXs leverage smart contracts to enable peer-to-peer trading directly between users. The biggest advantage is that users retain control over their funds and can perform trades directly from their wallets. DEXs also offer greater privacy, transparency, and resistance to censorship, as there is no single point of failure. However, DEXs often have lower liquidity and lack more complex trading products compared to their centralized counterparts. In addition, the user interference of DEXs is usually more clunky.

    The bottom line: These are the best crypto exchanges

    Regardless of your cryptocurrency trading habits and goals, it is very likely that the most suitable crypto exchange that will cater to all your requirements is among our selection. To sum up the large amounts of data provided in this article, we have compiled a selection of the top crypto exchanges along with their biggest advantages:

    BinanceKuCoinKraken
    Advantages– High liquidity
    – Low fees
    – Wide range of different products and features
    – Debit card with up to 2% cashback in BNB    		– Features more than 1,000 coins
    – Competitive fee structure
    – A variety of lending and other yield products    		– Exceptional customer support
    – Well-established reputation for maintaining high safety standards
    – Fiat currency pairs
    Best forBest exchange overallBest for altcoin tradingBest for security
    Trading feesUp to 0.1% for both makers and takers (0.075% when paid with BNB)Up to 0.1% for both makers and takers (0.080% when paid with KCS)up to 0.16% for makers, up to 0.26% for takers
    BonusesUp to $100Up to $500Bonuses not offered

    We sincerely hope that our article has assisted you in finding the optimal cryptocurrency exchange that aligns with your needs and preferences.If you want to move your crypto from an exchange account to cold storage, check our list of the best cryptocurrency hardware wallets. For an additional layer of security for your recovery phrase (used to recover crypto in case your hardware wallet is stolen or lost), you can protect it with purpose-made metal devices designed to protect recovery phrases from physical storage.

  • PrimeXBT Review: Great Features, Limited Cryptocurrencies

    PrimeXBT Review: Great Features, Limited Cryptocurrencies

    You’ve probably heard about PrimeXBT, a CFD crypto exchange platform growing in popularity known for its wide range of tradable assets and high leverage options. Is the praise warranted? It has low fees compared to other exchanges, offers advanced tools for traders, and boasts tight security. It’s certainly easy to see why people like it. 

    But, it isn’t perfect. It lacks regulatory oversight and a demo account feature, which can be concerning for some users. So, what’s the final verdict? Is PrimeXBT worth your trust, time and investment? That’s what we’ll explore in this review.

    PrimeXBT Overview and Key Stats

    METRICDETAILS
    Websiteprimexbt.com
    Launch Date2018
    HeadquartersSeychelles
    Supported CountriesOver 150, but not available in the US, Canada and Japan
    Supported CryptocurrenciesOver 40 including Bitcoin, Ethereum, Ripple, Litecoin, and Dogecoin
    Fiat Currency SupportUSD, EUR, GBP
    Minimum DepositNone
    Available AssetsCryptocurrencies, Commodities, Indices, Forex
    Crypto TradingSpot, Margin, Futures
    LeverageUp to 200x for crypto, 1000x for Forex, 500x for commodity markets, and 100x for indices
    Trading Fees0.05%, low spreads
    Deposit MethodsCrypto, Credit/Debit Card, Bank Transfer, e-payment options e.g. Advcash, Perfect Money and SEPA transfers
    Withdrawal MethodsCrypto
    Regulatory LicensesSeychelles Financial Services Authority (FSA)
    Customer Support24/7 customer support via email, live chat and social media

    Unique Features

    PrimeXBT is a platform that’s gained in popularity mostly due to its diversity of trading assets and various trading tools. Still, there are other aspects that differentiate the platform from many others. Let’s take a look at some of the more prominent ones.

    • Covesting: PrimeXBT offers a specific feature called Covesting, which allows users to automatically copy the trades of other successful traders. It’s similar to the copy trading feature that eToro offers. You can earn in two ways, either by copying the right traders, or by being copied yourself.
    • Customizable Leverage: PrimeXBT’s offers customizable leverage options, which range up to 200x for cryptocurrencies and up to 1000x for forex pairs. This is a truly spectacular range, and definitely an advantage over many competitors.
       
    • No KYC Requirements: This one can be a double-edged sword. On the one hand, it allows faster account setup and is great if you want to maintain your privacy. On the other hand, it makes the platform potentially more susceptible to threats.
       
    • TradingView Integration: The platform integrates seamlessly with TradingView, which gives traders access to advanced charting capabilities and various technical indicators. 

    How To Sign Up on PrimeXBT

    Registering on PrimeXBT is as straight-forward as it can realistically be. To sign up, follow these steps:

    1. Go to the PrimeXBT website at primexbt.com

    2. Click the Sign Up button on the homepage 

    3. Enter your email address and password

    4. Check your email for a confirmation code and enter it on the site

    5. Confirm you are not a resident of a restricted country

    That’s it. It takes less than 30 seconds.

    As mentioned, KYC is not required, but if you want to verify your account, you can do so in your account settings. The benefit of having a verified account is that you will have unlimited daily withdrawals.

    Trading Fees

    PrimeXBT’s fee structure is another attractive feature, with a low maker and taker fee of just 0.05% for executing trades. This rate applies to all transactions, regardless of the volume or type of trade you’re making. It’s a flat fee structure that’s easy to understand and that keeps your trading expenses predictable.

    Overall, PrimeXBT’s trading fees are definitely on the lower side.

    However, there are other fees you should be aware of:

    1. Overnight Fees: If you’re engaging in margin trading and hold positions overnight (long or short) you’ll incur a financing cost. This varies depending on the specific asset you’re trading, but is roughly in the 0.0025% – 0.017% range.
       
    2. Withdrawal Fees: When you withdraw your assets from PrimeXBT, you’ll be charged a withdrawal fee, which depends on the specific asset in question. For Bitcoin, it’s 0.0005 BTC, and for Ethereum it’s 0.002 ETH per transaction.

    Despite these, the platform’s competitive trading fee of 0.05% still makes it one of the more affordable options on the market.

    Deposit and Withdrawal Methods

    The platform offers several options for funding your account. It primarily supports cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

    You can deposit them to your wallet on PrimeXBT, and you’re ready to start trading. 

    Besides cryptocurrencies, PrimeXBT also accepts fiat deposits via different methods. Some of the popular fiat payment methods include debit and credit cards, SEPA transfers, Advcash, and Perfect Money. 

    In terms of withdrawals, both crypto and fiat withdrawal are available. However, there is a daily limit of $20,000 or equivalent, unless you’re KYC verified. So, if you’re a big time trader, this might be a bit limiting.

    User Experience

    We’re just gonna say it – the platform is sleek! 

    The site’s layout is clean, modern and intuitive, and we found it very easy to find our way around and perform various trading activities. It’s one of those things – wherever you intuitively feel like something should be – that’s exactly where it is, and we appreciate it. 

    The platform is designed to be easy to navigate, even for those new to trading. They’ve done this with clear language, good color contrast and a focus on simplifying the user experience.

    You can also customize the interface to your liking, which is neat.

    Mobile App

    Nowadays, most exchanges have realized the importance of having a mobile app for traders on the go, and PrimeXBT is no exception in this regard. In this case, the app is a simple extension of its desktop version, no more, no less (for the most part). 

    It’s available on both iOS and Android devices, which is definitely a plus. It’s rated 4.6 on the App Store and 3.9 on Google Play, which is decent, though not outstanding. The number of downloads is over 100,000, which is a high enough number to give relevance to the ratings. 

    Similar to the website, the app has a user-friendly interface that’s easy to navigate and provides traders with real-time market data. It allows use of different order types and also provides advanced charting tools with technical indicators. 

    In terms of security, we’re happy to say that there are features like biometric login options and two-factor authentication (2FA), so you are able to make your account secure against threats.

    Overall, while the app isn’t groundbreaking, it’s definitely in the “good enough” category.

    Security

    PrimeXBT employs robust security to protect your assets and personal information. They use various security measures to make your accounts and funds safe, and to their credit, they’ve had a spotless 6-year record, which is not something many exchanges can boast about.

    Here are some of the main security features of PrimeXBT:

    1. Two-Factor Authentication (2FA): This feature adds an extra layer of security to your account. Along with your password, you’ll need a unique code from your mobile device to log in.
       
    2. Cryptocurrency Address Whitelisting: To prevent unauthorized withdrawals, PrimeXBT lets you whitelist specific crypto addresses (and you should do this). Once set, withdrawals can only be made to these addresses.
       
    3. Anti Money Laundering (AML) Compliance: PrimeXBT adheres to the recommendations of FATF and uses Crystal, a Bitfury software designed for monitoring blockchains in real-time. It assesses the potential risk value for each deposit and isolates shady or illegal funds.
       
    4. Cold Storage of Assets: The exchange uses a combination of hot and cold storage solutions. The majority of user funds are held in cold storage, away from online threats. A small part is held in their hot wallet, so that they can be accessed immediately when needed. To transfer funds from cold to hot storage, it needs to be done manually and requires multiple employees on the task. 

    While the security of PrimeXBT is on a high level, the lack of regulation by top-tier authorities can be a cause for concern. 

    Customer Support

    We’ll just say it right off the bat, PrimeXBT’s customer support is great.

    PrimeXBT offers a comprehensive Help Center and 24/7 live chat service. We actually messaged them on multiple occasions to see whether 24/7 really means any time, any day, any time zone, or if that’s just a marketing tool. We were pleasantly surprised to find out we never had to wait more than 10 minutes to get help!

    Another feature of the 24/7 live chat is an extensive FAQ section provided by PrimeXBT. The section is categorized by topic, so you can quickly find answers to common questions about trading, account management, security measures etc.

    Crypto exchanges are notorious for their often poor customer support, and fortunately, PrimeXBT is an exception in that regard.

    Areas for Improvement

    Despite its numerous strengths, some of which are truly impressive, there are a few areas where PrimeXBT could (and should) improve upon. 

    1. The platform would be more trustworthy if it was operating under the purview of a recognized regulatory authority.
       
    2. Many popular countries are restricted from using PrimeXBT, including the US, Japan, Canada, Russia and Cyprus.
       
    3. PrimeXBT currently doesn’t offer a demo account. It’s a common feature on many trading platforms and its absence here is noticeable.
       
    4. Their range of supported cryptocurrencies is lacking. Yes, it does support popular coins like Bitcoin, Ethereum, ADA and Litecoin, but the number should really be higher.

    Despite these areas for improvement, PrimeXBT remains a robust and user-friendly trading platform. It’s worth considering for its high leverage, diverse asset class selection, and innovative features like copy trading.

    Verdict

    PrimeXBT has a lot going for it. It offers very high leverage, lots of tradable assets, user experience and impressive customer support. It also has a good track record in terms of security, and we particularly appreciate the usage of cold storage and AML compliance.

    What holds it back the most is an underwhelming number of cryptocurrencies and countries available, as well as a lack of a demo account.

    If those are improved on, we see no reason why PrimeXBT couldn’t stand toe to toe with some of the very top exchanges. ​

  • PrimeXBT: How to trade Gold, Oil and more with your Crypto

    PrimeXBT: How to trade Gold, Oil and more with your Crypto

    Access to trading Forex, Indices, and Commodities, such as Gold and Oil, can open up new opportunities, providing the possibility to trade on market movements resulting from economic events and trends.

    A truly all-in-one platform, industry leader PrimeXBT allows its traders to buy, sell, and store cryptocurrencies and use those same cryptos to trade over 100+ assets. 

    This level of access is unprecedented, and unmatched setting PrimeXBT miles apart from even its closest competitors. 

    Benefits of trading traditional markets with Crypto

    PrimeXBT combines the best of both worlds by enabling you to trade traditional markets through CFDs (Contracts for Difference), using your cryptocurrency holdings. This allows you to speculate on the price movements of assets without needing to own them physically and provides an efficient way to diversify your portfolio.

    CFDs often allow traders to use leverage, meaning they can control a larger position with a smaller amount of capital. This can amplify potential returns, though it also increases risk. For example, PrimeXBT offers leverage up to 1000x, allowing traders to maximise their exposure to the market. Additionally, CFDs enable traders to speculate on both rising and falling markets, meaning you can potentially benefit from market movements in a bear market by taking short positions.

    CFD markets often provide high liquidity, ensuring that trades can be executed quickly and at desired prices. For instance, PrimeXBT is connected to top liquidity providers which ensures consistent pricing, tight spreads, and instant order execution without slippage. Moreover, trading CFDs can sometimes be more cost-effective than buying actual cryptocurrencies, as it may involve lower transaction fees. For example, PrimeXBT doesn’t charge trading fees at all and has reduced overnight fees for non-Crypto CFDs.

    CFD platforms typically offer various risk management tools, such as stop-loss orders and take-profit orders, which can help manage trading risks effectively. In addition to these, they also offer advanced trading tools, equiping traders with the necessary resources to navigate the markets more strategically. For example, the PrimeXBT platform provides advanced trading tools powered by TradingView, enabling traders to make informed trading decisions. 

    How to trade CFDs on PrimeXBT

    1. Deposit Crypto or Fiat: Fund your PrimeXBT account with cryptocurrencies like Bitcoin, Ethereum, or other popular coins. PrimeXBT supports a variety of payment methods including traditional fiat currencies, making it easy to start trading.
    2. Select CFDs: Navigate to the trading platform and select desired CFDs to trade. PrimeXBT offers trading on Metals and Energies, popular indices like S&P 500 and FTSE 100, as well as major, minor and expotic currency pairs.
    3. Leverage and Trade: Utilise the high leverage options available (up to 1000x for CFDs) to maximise your potential returns. PrimeXBT provides advanced trading tools  powered by TradingView to help you analyse market trends and execute trades effectively.

    Why Choose PrimeXBT for Trading 

    PrimeXBT stands out as an all-in-one platform for trading a wide range of markets, such as CFDs on Forex, Indices, and Commodities, using cryptocurrencies due to its comprehensive features and user-centric approach. Suitable for both beginners and advanced traders, PrimeXBT offers some of the best trading conditions in the industry. Coupled with advanced trading and risk management tools, it provides easy access and resources necessary to navigate financial markets. PrimeXBT employs robust security measures and 24/7 professional support for timely assistance whenever needed.

    Get started with PrimeXBT to trade Gold, Oil and more with your Crypto.

    Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.  PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website. 

  • PrimeXBT Review: All About The Latest Innovative Platform Updates

    PrimeXBT Review: All About The Latest Innovative Platform Updates

    The PrimeXBT trading platform is on the cutting edge of innovation, regularly upgrading its feature set and launching incremental improvements. In the past year alone, the sheer number of new additions has been shocking.

    In this review, we will briefly recap the primary competitive advantages that PrimeXBT provides, then deep dive into the latest innovative updates implemented during 2022.

    All About PrimeXBT

    PrimeXBT is an elite margin trading platform offering easy-to-use tools designed for newbies and pros alike. Long and short positions on leverage let traders make money from a wide range of global markets. A list of over 100 different trading instruments consists of crypto, forex currencies, stock indices, metals, commodities, etc.

    The Covesting copy trading module also lets followers automatically copy the trades of strategy managers who demonstrate strong performance in the transparent leaderboard system. Top-ranked strategy managers currently show as much as 4,000% in all-time profits, which copy traders can follow and make money passively.

    The award-winning margin trading platform also provides access to the PrimeXBT Trading Academy educational website, weekly trading competitions at PrimeXBT Contests, built-in technical analysis tools, interest-generating yield accounts, and much more. The full suite of trading tools is also available via the free mobile app for Android and iPhone, allowing anyone to manage their positions or portfolios while on the go or from the comfort of their couch.

    There is also a 24/7 live customer support chat and a dedicated account manager for each user. Bank-grade security keeps customer funds protected. Deposits can be made in BTC, ETH, USDT, USDC, or other popular cryptocurrencies, or users can buy crypto using a bank card to use as account collateral.

    New Features For 2022

    For the sake of brevity, we’ve kept the list of new features in 2022 to ten. This is typically ten more than most platforms have added during a bear market and crypto winter. However, PrimeXBT keeps on building upon its strong foundation deeply rooted in digital and traditional finance.

    Strategy Trading Assets

    The most recent new addition was an added metric followers can use when reviewing Covesting strategy manager performance. Strategy Trading Assets shows a visual breakdown of each strategy manager’s trading pairs with the highest turnover.

    Strategy Manager Trading History

    The number one most-requested feature from Covesting traders was to see more transparent information related to each strategy manager and, in particular, their trading history. Clicking on each strategy will now include the last 30 days of trading history.

    PrimeXBT Reward Center

    PrimeXBT Rewards lets any platform user earn special bonuses called rewards that can be obtained by completing simple tasks like reaching certain trading thresholds or by referring new active users to the platform. Rewards range from $5 to up to $500 per task.

    Covesting Strategy Management In PrimeXBT App

    As the company continues to bring the full suite of trading tools to the Android and iOS apps, Covesting strategy management was added for complete control while mobile.

    Covesting Monthly Traders Report

    To provide followers with more data and transparency, to instill confidence in the trading community, and to incite a more competitive environment, PrimeXBT puts out a traders report on month-by-month top trader performance.

    Tron Network And BNB Chain Support

    When Ethereum fees skyrocketed, PrimeXBT upgraded its platform to accept TRC-20 and BEP-20 tokens in addition to Ethereum-based ERC-20 tokens. These alternative blockchains are faster and cheaper than Ethereum.

    Buy Or Exchange Crypto Via The PrimeXBT App

    Crypto-purchasing has been available on PrimeXBT for some time, but it has been added to the mobile app as well. The exchange module that lets users swap one crypto asset for another was also added for good measure.

    COV-Denominated Margin And Covesting Accounts

    PrimeXBT utilizes BTC, ETH, USDT, and USDC as account collateral to access margin trading or Covesting copy trading. This year they also enabled support for COV-denominated margin accounts and strategies.

    Covesting Discord Server

    Social media channels are an essential aspect of any company and how it engages with its community. The PrimeXBT and Covesting Discord server is another way for users and company representatives to connect.

    24 New Altcoins

    Two dozen new altcoins from trending categories like Metaverse, DeFi, and GameFi were added to the already massive lineup of trading instruments from the cryptocurrency category.

    Conclusion

    PrimeXBT is constantly introducing something new and innovative — who knows what they will roll out next? The best way to keep up with the fast pace of updates is to follow the company on social media or visit the official PrimeXBT blog.

    If you haven’t already tried PrimeXBT yet, don’t hesitate and check out the trading platform everyone is talking about today.

  • Crypto, Indices, Forex, & Commodities For Your Phone: Why PrimeXBT Is The Best Trading App

    Crypto, Indices, Forex, & Commodities For Your Phone: Why PrimeXBT Is The Best Trading App

    We’ve long been on a quest to find the best all-around trading app. Any app considered must have a variety of professional trading tools, quality customer service, powerful security, and a glowing reputation. 

    Such an app must also feature a wide range of global markets to choose from and plenty of bells and whistles to keep users coming back for more and more. From crypto to indices and forex to commodities, the PrimeXBT mobile is the all-in-one solution we were searching for.

    Here are all the reasons why. 

    The PrimeXBT Mobile App Works With Your Lifestyle 

    The primary reason mobile applications have become so vital to today’s traders is that people are increasingly on the go for one reason or another. Very few people have the luxury of sitting at a trading desk all day and have responsibilities and social lives to tend to. 

    There is a mobile app to suit every need, but for far too long, trading apps have fallen short of expectations. Web-based platforms or desktop clients have always provided the necessary power, but shrinking that experience down to the palm of your hands is no easy feat. 

    PrimeXBT, however, has developed an award-winning mobile app that offers on-the-go access to the full suite of professional trading tools and more than 100 different trading instruments across crypto, indices, commodities, and forex currencies. 

    The PrimeXBT App Lets You Leverage Your Trades And Time

    Using the free PrimeXBT mobile app, traders can crank up profitability with leveraged long and short positions or play it safe and hedge spot positions with strategic risk management. These positions can be managed from anywhere in the world whenever volatility strikes.

    With such an extensive range of instruments ranging from forex to crypto and everything in between, the PrimeXBT mobile app also lets traders build a complex portfolio of uncorrelated and anticorrelated assets. Protect capital with careful portfolio positioning, or get ready for the next bill trend — the flexibility is endless. 

    The PrimeXBT app even lets traders access the Covesting copy trading community as a strategy manager or a follower. Strategy managers must rise the ranks of the Covesting leaderboards, while followers use the transparent trading performance to pick which traders to follow. By following top-ranked traders, followers automatically copy the trades of the chosen strategy manager, profiting off the skills of a more experienced trader. 

    The PrimeXBT App Is Available As A Free Download: Get It Now

    All products and services offered by PrimeXBT are powered by digital assets. There is no minimum deposit requirement for margin trading. Simply make a deposit in BTC, ETH, USDT, USDC, and other popular cryptocurrencies or buy crypto using the app to begin trading. 

    PrimeXBT recently released an all-new withdrawal process within the app, making it much easier to view blockchain addresses and transaction details before confirming. The company is always releasing new updates, features, and platform improvements. 

    If you don’t already have a PrimeXBT account, you can set one up after downloading the free mobile app from the Google Play Store for Android and the Apple App Store for iOS. See for yourself why the consensus in the trading community is that the PrimeXBT app is the best around.

  • How Covesting Copy Trading Can Carry You Through A Recession

    How Covesting Copy Trading Can Carry You Through A Recession

    PrimeXBT Covesting

    By most standards, a recession isn’t on the way; it is already here. World leaders and governments are scrambling to alter the definition of what it means to be in a recession to save face. In contrast, the world’s citizens feel the weight of soaring consumer price indexes and the associated rising cost of living.

    A recession also means markets are in freefall, as elderly investors cash out retirement accounts just to survive, and less low-cost debt is unavailable to the wealthy, forcing them to avoid risk assets like the plague in this climate. However, there is still a way to remain profitable during the recession using Covesting copy trading.

    Here is how the Covesting copy trading module at PrimeXBT and its community of top-ranked traders can help to carry you through a brutal economic recession and crypto winter.

    Is There Really A Global Recession? The Macro Environment Is Mixed

    The idea of a global recession is frightening and currently debatable. Considering the widespread inflation and energy crisis in many countries, a recession in certain regions is undeniable.

    In China, central banks just lowered interest rates to keep the market afloat. The United States has been increasing rates, essentially forcing a recession while hoping for a soft landing. The delicate balancing act has seemingly kept jobs strong enough to support the economy, but a survey of United States citizens suggests that the majority of Americans believe a recession is already here.

    The recent recovery in the US stock market makes the idea of a recession even more questionable. In a true recession, the recent rise would end up being a bear market rally. However, this rally has already smashed most standards of what a bear market rally would produce in the past, making it seem like a more extended recovery is possible. But for the time being, markets are still on edge.

    How To Beat The Brutal Macroeconomic Environment With PrimeXBT

    It takes a particular type of trader to stay profitable in a challenging macroeconomic climate. It takes years of experience to feel out the state of the market, understand the impact of the US Fed and other central bank policies, and have the nerves of steel necessary to stay fearless during a downtrend.

    In addition to being a particular type of trader with a specific set of skills, the right platform and tools are required. PrimeXBT traders get access to leverage long and short positions to take advantage of the trend no matter what direction it moves in and make more money out of smaller moves during tight trading ranges.

    Furthermore, Covesting traders also get access to more than 100 different trading instruments all under one roof using PrimeXBT. The list of assets includes crypto, stock indices, commodities, and forex currencies. The sheer variety means no opportunity is left unturned, and more advanced traders can build a risk-averse and profit-boosting portfolio of uncorrelated assets.

    All About The Covesting Copy Trading Module And How To Follow

    As for the copy trading module itself, not only do these traders get access to all these tools and more, but they also earn a cut from any of the followers that copy their trades using the Covesting copy trading module. It is these traders that can help to carry you through a recession without doing all the hard work yourself.

    The Covesting leaderboards are filled with hundreds of top-ranked traders to follow. By following a trader or several strategies, all trades are automatically copied, and if successful, profits are booked. Since these strategy managers regularly show success, and followers get access to stop loss tools to limit max drawdowns, stable passive profits are finally possible once again.

    You don’t need a bull run when the Covesting traders you can follow are making more than what most cryptocurrencies generate in years. For example, one of the last Covesting traders of the bull run made over 90,000% profits, outperforming both Bitcoin and Ethereum and many other altcoins.

    Let Top Traders Carry You Through Crypto Winter And A Recession

    In the recent recession-like macro environment, these traders have managed to maintain up to 5,000% or more ROI, all while most assets have fallen from anywhere between 30 to 90%. Bitcoin and Ethereum each fell by around 70 to 80%, meaning that it would be far more profitable to hold a position with a Covesting copy trader than it would be to hold BTC or ETH.

    With these cryptocurrencies starting to climb, the flexibility of long and short positions allows Covesting strategy managers to trade both sides of the market, go long at support, and be ready to short when the market turns bearish again.

    The PrimeXBT platform also provides tons of trader education, built-in charting tools, passive investing through Covesting yield accounts, a four-level referral program, and so much more. All of these tools can be accessed through the browser-based experience or the award-winning mobile application. Download the free iOS or Android app today, or visit PrimeXBT to check out the Covesting copy trading module and what it can offer you.

  • PrimeXBT Review 2022: What’s New, Features, Updates, & More

    PrimeXBT Review 2022: What’s New, Features, Updates, & More

    PrimeXBT is an elite margin trading platform born during the last bear market that gained quick fame and popularity due to offering leveraged short and long positions. It is 2022 and crypto winter is back. 

    Therefore we wanted to revisit PrimeXBT to understand how much the award-winning margin trading platform has advanced over the years. In this review, we’ll outline what’s new, what has been updated since, and much more. 

    About PrimeXBT

    PrimeXBT is an all-in-one solution for traders offering access to crypto, commodities, stock indices, and forex currencies under one roof alongside several cryptocurrency-based products and services. Margin accounts can be funded in a variety of digital assets including BTC, ETH, USDT, USDC, and COV. 

    More than 100 different trading instruments let traders build a portfolio that can withstand any market conditions, providing unrivaled flexibility and control over positions. Users get free access to a native smartphone app for Android and iOS devices that let them manage those portfolios and positions while on the go — there is no longer a need to be tethered to a trading desk to access world class trading tools.   

    The growing list of assets and launch of the app are just two updates in recent months. What grew from a small list of cryptocurrencies has expanded into traditional assets and more recently, many new altcoins were added from categories like GameFi, Metaverse, DeFi, and meme coins. The app is also constantly updated to reflect whatever is new using the browser-based experience. 

    Covesting Ecosystem

    The biggest new addition since the last bear market is no doubt the Covesting copy trading platform. A B2B partnership led to the launch of the tool on PrimeXBT and the rest is now history. The Covesting copy trading module is a pioneer in the crypto space for copy trading. Other companies have also tried to mimic the winning formula but have ultimately failed to replicate the same success. The magic is in the peer-to-peer copy trading community itself, which is filled with high performing strategy managers that can be followed to automatically copy the strategy manager’s trades. 

    Strategy managers are required to have their performance tracked within the fully transparent Covesting leaderboards, which gives followers all the insight they need to pick and choose the right accounts to follow. Followers can opt to follow several different strategies at any given time to build a diverse portfolio of top performing traders. Past strategy managers have earned up to 90,000% ROI. 

    The Covesting ecosystem has also since grown on PrimeXBT to include APY-generating yield accounts, COV token memberships, and is prominently featured in the mobile app. COV token memberships activate benefits such as up to a 2x APY boost in yield accounts, up to a 20% trading fee discount, increased followings, and more. 

    What’s New: Trading Academy, Contests, And Buy Crypto

    The PrimeXBT Trading Academy educational website is a new development that teaches novice traders the ropes and enhances the foundation for pros, thanks to video tips on how to start trading designed exclusively by expert trader Dirk Hartig. 

    Users can put these strategies to the test or backtest technical indicators using PrimeXBT Contests. Contests introduces weekly trading competitions that users can enter for a chance to win impressive crypto prizes. All competitions take place using risk free virtual funds so no capital is ever at stake, but you could potentially win some if your skills are good enough. 

    Popular digital assets can also be purchased on PrimeXBT in just a few clicks — another new feature. Cryptocurrencies can also be exchanged from one type to another. 

    PrimeXBT 2022 Review Summary

    Even with all of the above we are still barely scratching the surface of what’s available in the full suite of advanced trading tools offered by the award-winning PrimeXBT. 

    There is 24/7 customer support chat, bank grade infrastructure, a four level referral program, and much more. If you haven’t checked out PrimeXBT since the last crypto winter, with crypto winter here again, and so much innovation has occurred on the platform, it’s once again time to try PrimeXBT.  

  • Is Bitcoin Mania About To Return? PrimeXBT Research Retrospective on Bitcoin Price

    Is Bitcoin Mania About To Return? PrimeXBT Research Retrospective on Bitcoin Price

    The month of October is here – a make it or break it month for Bitcoin price. The leading cryptocurrency by market cap has reached a pivotal resistance level. Breaking above it, could mean a phase of full-blown Bitcoin FOMO and cryptocurrency mania.

    PrimeXBT analysts have provided a research-based retrospective explaining how the current market environment and coming changes in those conditions could spur widespread investor speculation. 

    Here is a closer look at the Bitcoin mania that could soon unfold.

    Bitcoin, And How Investors Behave During Bubbles

    Bitcoin and other cryptocurrencies exist solely in the virtual world, which has made them challenging for many to come to terms with. The fact they’re a new type of technology that isn’t backed by governments is a strange concept to others. Until the asset becomes truly mainstream as a currency, cryptocurrencies will remain a speculative asset class – for now.

    The stock market, housing, and just about anything else at all can form a bubble that eventually bursts, causing a return to mean and a period of rebuilding. Speculative assets do the same, but tend to go far beyond the semi-realistic valuations of other traditional assets. 

    These sharp changes in price happen abruptly. For example, Bitcoin grew 375% from $4,000 to $20,000 in only three months. Within a year, Bitcoin had retraced back to $3,000. Such moves aren’t always healthy for the asset, market, or investors, but that’s just the way market participants behave during such bubbles.

    Supply Shock Narrative Worldwide To Cause BTC FOMO

    Adding fuel to the fire of what’s to come, the supply of BTC on exchanges is at historic lows. The 21 million hard-capped supply of BTC is already tiny by comparison to the trillions of US dollars that were produced in 2020 and 2021 alone.

    The supply shock narrative could soon become the narrative of all things across the rest of the quarter. US Secretary of Treasury Janet Yellen warned US citizens about the coming holiday season, cautioning people to expect serious supply issues and to not be alarmed. All markets work in a state of supply versus demand, and if supply is limited, and demand is high, prices on all consumer goods could soon skyrocket.

    Conditions created by the pandemic continue to create a strain on society that isn’t going away anytime soon. When the hysteria over not being able to buy, or even afford, the goods that Americans once took for granted, a flight of US dollars into literally anything else could happen. 

    Smarter investors will put that money into crypto versus luxury items and other goods. The complete lack of available BTC one exchanges while the world goes into a mass buying frenzy, could fuel what is ultimately the last let up in Bitcoin’s bull cycle, and fulfill its destiny of reaching $100,000 or more.

    PrimeXBT Bitcoin Price Retrospective: What Do Technicals Suggest?

    Looking back at price action, courtesy of PrimeXBT’s research retrospective and free built-in charting tools, each Bitcoin cycle thus far has culminated between late November and mid-December.

    Each cycle also ended with the monthly RSI above a reading of 70, which typically would indicate overbought levels. During the peak of a bull market, however, assets can stay overbought for an extended period. 

    Note that in the chart above, the current cycle more closely mimics Bitcoin’s earliest cycle, where mania arrived after a previous high was taken out. The monthly RSI bounced precisely at the 70 level, resulting in a bearish divergence that was ultimately proven valid, leading to Bitcoin’s longest bear market on record.

    After such a beating, Bitcoin’s next cycle stayed elevated above 70 for nearly a full year. With Bitcoin a bit more bullish during the most recent cycle, a reading of 70 came early, but so did a correction. Bitcoin price is back at a reading of 70 on the monthly RSI, just as a new parabolic curve seemingly builds another base. 

    Benefit Best From Bitcoin Mania With PrimeXBT

    PrimeXBT traders have the most control over the outcome, whatever it ends up being. Leveraged long positions can make the final phase of the bull run more profitable than otherwise possible, while a well-timed short position near the top could prove to be an even bigger trade.

    In the right hands, the award-winning and advanced trading tools can make the most out of the opportunity that possibly lies ahead. Users can buy BTC, trade synthetic contracts on crypto, forex, stock indices, oil, gold, and more, all from a single, secure account protected by bank-grade security. 

    Personalized services are offered to novices and professionals alike through a dedicated account manager and 24/7 live customer support. A help center and company blog also include valuable market insights, with useful charts like the one provided above.