About primexbt
PrimeXBT is a well-established broker since 2018. PrimeXBT has headquarters in Seychelles and Saint Vincent and Grenadines. PrimeXBT provides their Forex/CFD trading services to over 4 million clients.
PrimeXBT Articles
What are the deposit and withdrawal conditions at ByBit and PrimeXBT?
The funding options in PrimeXBT are slightly better than ByBit because it accepts other currencies such as USD, EUR, etc. through a third-party integration and lets you deposit BTC as an exchange. Meanwhile, ByBit only accepts five digital currencies that include BTC, ETH, XRP, EOS, and USDT. It does not support fiat deposits as of now.
As for withdrawal options, both exchanges only allow crypto withdrawals and no fiat options. To withdraw from your PrimeXBT account, you must go to the main page of your account and then enter the destination address, and the amount of BTC you want to withdraw, and then click "submit to withdraw".
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
What is the difference in trading fees between Bybit and PrimeXBT?
PrimeXBT is definitely on top of the game in offering low fees. Its universal trading fee is usually set at 0.05% per trade for all assets and all types of traders. This number is very low if we compare it with other exchanges since most crypto exchanges would charge at least 0.075% per order. However, remember that apart from the normal fee, PrimeXBT would also charge extra for overnight positions, varying from pair to pair.
Meanwhile, ByBit basically offers a standard fee of 0.075% per trade but also charges an additional fee for market makers. Therefore, it's clear that the trading fee in PrimeXBT is much lower than ByBit, although ByBit's commission is not considered high compared to other exchanges in the industry.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
How are the charts and order books in Bybit and PrimeXBT?
The default mode of PrimeXBT's trading chart is the candlestick chart, which consists of color-coded red and green candlesticks with the price on the vertical axis and the time on the horizontal axis. You can easily change it into other types of charts such as line or bar graphics by navigating through the left part of the drop-down menu.
Unlike the built-in house charts on PrimeXBT, the charts in ByBit are provided by Tradingview. TradingView has an excellent reputation for providing transparent and accurate charts, so you don't have to worry about its reliability. Overall, the tools and indicators of both sides are quite similar so it goes down more to your personal preference.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
How to verify identity on ByBit and PrimeXBT?
Basically, both PrimeXBT and ByBit do not require much for registration. You can make an account without having to submit any KYC or any type of identity documents. This is excellent if you want to stay anonymous and protect yourself from identity theft. All you need to sign up for is an active email address, a strong password, and a mobile phone number to send the verification codes.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
