Prebit Docs
  • Introduction
    • Mission and Vision
  • Getting Started
    • Getting Started
    • How to Create an Account on Prebit
      • Connect Wallet(Evm-Wallet)
      • Google Account
      • Telegram Account
  • Step-By-Step Guide
    • Wallet Options on Prebit
    • Product Overview
      • Binary Option Trading
    • Perpetual Trading Overview
    • LeaderBoard
    • Custody Of Funds
  • Fee Structure
    • Prebit's Fee Structure
  • Support Center
    • Prebit's Support Staff
  • Partnerships
    • Partners and Collaborators
  • FAQ
    • FAQ | Prebit DEX
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  1. FAQ

FAQ | Prebit DEX

  1. What is Prebit Decentralized Exchange? Prebit is a decentralized exchange built on the Binance Smart Chain (BSC). It offers gasless, KYC-free trading with up to 1001x leverage, supporting both spot and futures markets. Prebit also features innovative options like binary trading and a competitive fee structure, making it a standout platform in the decentralized trading space.

  1. How do I create an account on Prebit? You can sign up on Prebit using three methods:

  • Connect Wallet: Use an EVM-compatible wallet like MetaMask or Trust Wallet.

  • Google Account: Log in with your Google account.

  • Telegram Account: Connect your Telegram account for quick access.

  1. What networks and assets are supported on Prebit? Prebit supports Binance Smart Chain (BEP20) for trading and deposits, with USDT, BNB, and TRON as the primary assets for transactions.

  1. What is Gasless Mode on Prebit? Gasless Mode allows users to trade without paying network fees (BNB). Trades are conducted using only USDT, making trading more affordable and accessible.

  1. What are Prebit’s fees for trading?

  • Maker Fee: 0.02%

  • Taker Fee: 0.04%

  • Minimum Fee: $0.30 per trade

  • Zero Fees: No fees for liquidation, closing positions, or funding.

  1. What is the Up & Down binary trading feature? Up & Down trading lets users predict whether Bitcoin’s price will go up or down within a 5-minute event. Correct predictions double your margin, while incorrect ones forfeit it. Each event has a prize pool of up to $2,000.

  1. How does leverage work on Prebit? Leverage amplifies your trading power by borrowing funds. Prebit supports up to 1001x leverage, but fees are capped at 200x to maintain cost-effectiveness.

  1. What are the withdrawal policies on Prebit? Withdrawals are allowed at any time without limits and with a minimal fee of $0.50. Custodial wallet users can withdraw assets directly or transfer them externally.

  1. How does Prebit ensure fund security? Prebit offers full control of funds, supports custodial and non-custodial wallets, and is developing its own blockchain network. Once launched, users will be able to extract their private keys for complete control over their assets.

PreviousPartners and Collaborators

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