Despite the volatility nature of crypto assets, there are growing number of crypto enthusiasts around the world due to its potential for high reward. The most simplest and convenient way to get exposure to crypto trading is open an account on a reliable exchange. However, due to the proliferation of crypto trading platforms, it becomes a daunting task to select a trusted and safe exchange, especially for novice traders.
This comparison will explore and analyze all the most important metrics of BTCC and PrimeXBT, two popular exchanges in the world, thus helping you to have a better knowledge of the two exchanges and making the right choice.
About BTCC
In the volatile industry of cryptocurrency, security is of utmost importance. BTCC, as the longest-running exchange in the world, never disappoints its users in terms of safety with no reported hacks or security breaches to date.
In addition to impressive security, BTCC also draws attention of large number of crypto enthusiasts with its other standout features, like low trading fees, exclusive VIP discounts, fast processing withdrawals, innovative NFT minting feature, etc. BTCC is always among top choices for both beginners and seasoned traders.
About PrimeXBT
Established in 2018, PrimeXBT has emerged as a versatile online exchange platform, catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. Since its inception, PrimeXBT has extended its business presence to over 150 countries, highlighting its global reach.
With a goal o f being among the best online Ethereum Leverage Trading platforms in the cryptocurrency industry and retaining reputation as a most reliable and trusted partner, PrimeXBT has always followed a client-oriented approach and placed clients’ interests at the center of all operations. With a blend of contemporary crypto trading and traditional financial instruments, PrimeXBT positions itself as a multifaceted platform for both novice and experienced traders.
BTCC vs PrimeXBT: Overview
| BTCC | PrimeXBT | |
| Supported Cryptocurrencies | 300+ | 40+ |
| Safety | Industry-leading security, with no reported hacks or security breaches to date | High security with measures like 2FA, encrypted SSL and Cloudflare |
| Fees | Compared with other major crypto exchanges, the fees charged by BTCC is relative low, such as only charging 0.06% for both takers and makers | PrimeXBT is quite transparent with its fees; on PrimeXBT, both the maker and taker fee is 0.05% for all crypto markets that it offers. Meanwhile, for crypto futures, the maker fee is 0.01%, while the taker fee is 0.02% |
| User Friendliness | Offer easy-to-navigate interface, catering to both newcomers and experienced traders | PrimeXBT boasts a modern and intuitive interface that is easier to navigate than most platforms; besides, it offers demo trading account and educational resources for beginners. But this platform may be overly easy for advanced traders |
| Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Offer service to more than 1 million registered users in 152 countries |
| Customer Service | Offer excellent customer service via email and live chat | Provide 7/24 customer support, but do does not have a dedicated phone line which users can dial in the case of an emergency |
Final Verdict
As a relatively new exchange, PrimeXBT boasts many unique advantages. However, it is worth noting that there are still a few things that require improvement. Compared with the longest-serving exchange BTCC, PrimeXBT still has a long way to go in terms of selection of supported coins, regulation and licensing, advanced trading features, as well as customer support.
In conclusion, despite the promising outlook of PrimeXBT exchange, we still regard BTCC as the great winner at present due to its excellent performance in all the important metrics.
