The deposit process at most brokers is hassle-free, though frequently, withdrawing funds can be more challenging. But how is the PrimeXBT withdrawal process? During my comprehensive PrimeXBT review, I evaluated how traders can request and receive withdrawals. Learn about the PrimeXBT withdrawal methods, associated fees, and processing times from my findings below. I have also included a step-by-step guide on requesting your first PrimeXBT withdrawal.
PrimeXBT Withdrawal Option | Availability |
Bank wires | Yes |
Credit/debit cards | Yes |
e-wallets | Yes |
Cryptocurrencies | Yes |
Internal withdrawal fees | Yes (BTC 0.0005, ETG 0.01, USDT 30, USDC 30) |
How to Withdraw from PrimeXBT
My PrimeXBT broker review found that the withdrawal process functions similarly to the procedures for withdrawals in online banking, with which most traders are familiar. Only verified traders can request withdrawals from the secure back office, which handles all financial transactions. All PrimeXBT account types follow the same process, but traders must transfer funds to their PrimeXBT wallet before requesting a withdrawal.
Noteworthy:
- Traders cannot request withdrawals from the PrimeXBT demo account, as it uses virtual funds
- Per AML regulations, the name on the payment processor must match the name on the PrimeXBT trading account.
- PrimeXBT has no minimum withdrawal amount, but maximums apply
- Traders must request withdrawals to the same payment processor that wasused for depositing funds
- The availability of payment processors depends on the geographic location of traders
- PrimeXBT offers cryptocurrency withdrawals to all traders and, as a crypto-forward broker, prefers them
- PrimeXBT offers the Exchanger service to convert crypto to fiat currencies and vice versa before requesting a withdrawal
- The PrimeXBT leverage impacts margin requirements and influences the PrimeXBT withdrawal method
Steps for Sending the Minimum Withdrawal
Follow my step-by-step PrimeXBT withdrawal guide, and you can receive your funds the same day if you submit your request using cryptocurrencies or e-wallets before 12:00 UTC on a business day.
Here is a step-by-step PrimeXBT withdrawal guide:
- Log into your PrimeXBT back office.
- Navigate to “Withdraw.”
- Transfer the desired withdrawal amount from your PrimeXBT account to your PrimeXBT Wallet.
- Confirm your PrimeXBT Wallet currency (USD is the default currency).
- Choose your country and select your PrimeXBT withdrawal processor from the drop-down menu.
- Choose your payment processor, enter your desired withdrawal amount (ensure you have sufficient free margin to cover the withdrawal), and click “Submit to Withdraw.”
- Enter the PIN that PrimeXBT will e-mail to your registered e-mail address.
- The finance department processes all PrimeXBT withdrawals daily, between 12:00 and 14:00 UTC, and will e-mail a confirmation.
How to Withdraw Your Money from PrimeXBT
The geographic location of traders determines the available PrimeXBT withdrawal methods. PrimeXBT favors cryptocurrency withdrawals, available to all traders, but localized payment processors exist for its core markets. The PrimeXBT withdrawal section of the secure back office lists all available payment processors.
Which Payment Methods Can Be Used to Withdraw from PrimeXBT?
Traders can use the following payment processors to request their PrimeXBT withdrawal:
- Cryptocurrencies
- Binance Pay
- Volet
- Zengo
- Neteller
- Other e-Wallets
- Bank wires
- Credit/debit cards
- Localized payment processors
- Cryptocurrencies
- Binance Pay
- Volet
- Zengo
- Neteller
- Other e-Wallets
- Bank wires
- Credit/debit cards
- Localized payment processors
PrimeXBT Withdrawal Fees
When it comes to PrimeXBT fees , the site lists withdrawals from $0, but during my PrimeXBT review, most withdrawals incurred a flat withdrawal fee.
Below are the PrimeXBT minimum withdrawal fees (excluding currency conversion costs and select third-party professing fees):
- Cryptocurrencies - BTC 0.0005, ETG 0.01, USDT 30, and USDC 30
- Binance Pay - $0 + blockchain fees
- Volet - $5
- Zengo - BTC 0.0005, ETG 0.01, USDT 30, and USDC 30
- Neteller - $0
- Other e-Wallets - $5
- Bank wires - $30
- Credit/debit cards - 5% of the withdrawal amount
- Localized payment processors - $5
Noteworthy:
- Third-party processing costs depend on the payment processor
- Traders can eliminate currency conversion fees with a multi-currency account
How Long Does It Take to Get a Withdrawal from PrimeXBT?
The PrimeXBT finance department processes withdrawals daily between 12:00 and 14:00 UTC.
The estimated minimum withdrawal time after the finance department processes a request:
- Cryptocurrencies - Within 6 hours
- Binance Pay - Within 6 hours
- Volet - Within 6 hours
- Zengo - Within 6 hours
- Neteller - Instant-to-near-instant
- Other e-Wallets - Instant-to-near-instant
- Bank wires - Up to 10 business days
- Credit/debit cards - Up to 10 business days
- Localized payment processors - Up to 48 hours
PrimeXBT Minimum Withdrawal Bottom Line
The finance department processes withdrawal requests daily between 12:00 and 14:00 UTC, and requesting a withdrawal is as straightforward as depositing. PrimeXBT processes all pending withdrawals daily between 12:00 and 14:00 UTC. Verified traders can withdraw money in crypto or fiat, via e-wallets, bank wires, credit/debit cards, and localized payment processors in core markets. PrimeXBT has no daily withdrawal limits. Therefore, traders can withdraw as much money as they have in their accounts. The PrimeXBT withdrawal fee depends on the payment processor. While the PrimeXBT withdrawal page lists withdrawals from $0, traders will pay a flat fee on most withdrawals, including BTC 0.0005, ETG 0.01, USDT 30, and USDC 30.FAQs
How long does it take to withdraw money from PrimeXBT?
How do I withdraw money from PrimeXBT?
How much can you withdraw from PrimeXBT per day?
Does PrimeXBT have a withdrawal fee?
