What is PrimeXBT and what does it offer?

PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Attention is paid to technical, fundamental, and economic analysis. Whether you’re apprehensive about the platform’s trustworthiness, dealing with trading restrictions, or fretting over how smoothly you can withdraw your profits, this review will unravel these pressing issues and more. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Taking a closer look at the actual tools that are at your disposal, there are the drawing tools that traders need to map their important levels. 5% float rate and 1% network fee. When trading on leverage, traders can potentially enhance their returns by a certain factor. Our website uses cookies. Learn more about Baksta’s Legal Terms. ‍Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge. A stop loss closes your trade automatically when the price reaches a pre specified level, allowing you to precisely determine your potential losses before even placing a trade. Never tied to a strategy or manager. Here’s how you can get started. This gives the trader the advantage of making money on “borrowed funds”. Binance, one of the world’s largest cryptocurrency exchanges, offers a copy trading feature that allows users to replicate the trading strategies of experienced traders. The file is verified secure by PrimeXBT. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. The trading chart’s default option on the PrimeXBT trading platform is a candlestick chart that features pricing on vertical and time on horizontal, being color coded in green and in red. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. It’s always a nice touch when an exchange includes additional material to help smooth your trading experience.

Tutorials and Guides

Depending on your jurisdiction, some products or services might not be available. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. Customers can deposit fiat via these methods. When it does break out, however, it should soar like never before. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. It takes just a few minutes to get started. It also provides a breakdown of individual crypto and US dollar balances. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Perfect Money Account ID used to make a deposit will be preselected automatically. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. The stop loss order is placed at a point where you admit www.primexbt.com your trade idea hasn’t worked out. 0001% for Forex, Indices, Commodities. This is what is known as the over the counter, or OTC market. Keep up the great work. Traders Union TradersUnion. It could be hard for them if they continue with new management. On cent accounts, the fees are generally lower than on standard accounts. Key features of the PrimeXBT trading platform include.

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For instance, PrimeXBT offers a 2. “my favorite platform” mohammed daas. Despite not being available to residents of the US, EU, or UK, PrimeXBT is a popular choice for over 1 million users worldwide. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. One easy to use way to store your XLM is with software wallets. The platform provides a variety of free deposit options for both crypto and fiat. The PrimeXBT team is committed to 24/7 customer service. PrimeXBT offers up to 100x leverage on crypto and 1,000x leverage on some forex pairs. The total amount of Bonus on the chosen Margin account cannot exceed a limit that is specific to each promo campaign. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. Copy trading is a great tool for a lot of users with any level of experience. The price of Bitcoin follows ever changing supply and demand forces in the market. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The action of investors is recorded on the blockchain. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Could you kindly reach out to our support team at. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. This can be really useful if you want to save some of your profits. For example, if you have a $200 bonus active, activating another promo will cancel the previous one. The Ethereum network continues to be being defined, as new use cases are in the hands of developers, quite often with different backgrounds. Go to Settings > Security and enable Install from Unknown Sources if prompted. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Factors include demographic shifts, technological advancements, and economic policies. MT4 also supports secure access through the use of unique login credentials and two factor authentication 2FA. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin.

Is PrimeXBT suitable for automated trading?

If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. The remaining $1,000 in your account can be used to open additional trades. For example, the withdrawal fee for Bitcoin is typically 0. Disclaimer: These are the writer’s opinions and should not be considered investment advice. When you receive BTC this way, you can either keep it, trade it, or convert it to cash for use for bills or other things. Tradable assets aside, here are the products and features PrimeXBT brings to the table. Knowledge to use all the available tools. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Providing financial education to those who need it most has always been a passion of mine. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. On top of that, Zengo lets you interact with a variety of Dapps while keeping you safe with its Web3 firewall. PrimeXBT and eToro each offer unique interfaces designed to cater to their target audiences.

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Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. However, the platform has seriously kicked it into high gear, attaining regulatory approval and a Triple A security rating. Still, crypto is extraordinarily volatile, and therefore you need to ensure that any time you’re mistaken, it will only cost you a small percentage of your account. The platform, however, lets you fund the trading account with Bitcoin only. Blockchain is a public digital ledger that preserves all the transaction data. In fact, the margin account allows you to trade more than you normally would, but it should be recognized that it is a loan that facilitates this possibility. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. They said it could trade at $0. 9% of customer funds are stored in a cold wallet. Wettanbieter Vergleich and Test – Wir zeigen dir die besten Sportwettenanbieter. The best bitcoin trading platforms prioritize user experience, making it simple for anyone to start trading without a steep learning curve. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. You need to come up with a name for the strategy and a description for it so that it is clear exactly how you trade. Enjoy some of the lowest fees in the industry, designed to maximise your potential and keep your trading costs low. Scan the QR code with your device’s camera and get APK file. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. We aim to provide a platform that caters to both experienced traders and newcomers, so it’s great to know that you found it accessible and user friendly. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Providing financial education to those who need it most has always been a passion of mine. With Copy Trading for beginners and advanced margin trading tools for the experts, there’s something for everyone. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. Best regards,The PrimeXBT Team.

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Forex brokers acts very much like CFD brokers, with the exception that they do not offer other instruments. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. In this scenario, you’d experience a loss of $500 excluding fees. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Limit orders are instructions given to the broker on behalf of the trader to execute a trade under certain circumstances. As the market starts providing highly volatile periods more often and opens opportunities for growth, many industry experts continue to run Dogecoin price analysis. The account setup is straightforward, and navigating the platform is easy. Date of experience: April 29, 2024. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. It has a market cap of $10 billion, and a circulating supply of around 589. 1 BTC position instead. We’ve covered a lot of ground in this review, so let’s bring it all together and see if PrimeXBT really deserves your time and investment. Traders can fund their accounts without incurring additional costs. 12, and hit a possible high of $253. If the position drops $100, the platform then moves $100 from your available capital to your margin capital. The attention to detail is evident in every aspect, from the seamless integration of components to the thoughtfully placed buttons and controls. As I review them, I’ll provide a breakdown of where they excel and where you might need to compromise. By choosing CFD trading, PrimeXBT has chosen a path that aligns with its goal of being a comprehensive, user friendly platform for various crypto futures trading with low fees for a great trading journey. If the position drops $100, the platform then moves $100 from your available capital to your margin capital.

How does trading CFDs using leverage work?

Users can go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP. Privacy Policy Terms of Use. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. There are offsets for long and short positions, and there is market depth. Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. Reply from PrimeXBT Copy Trading. Therefore, I cautiously recommend PrimeXBT as a legitimate and safe broker, as it lacks operational history. PrimeXBT Trading Services, S. A service without an education resource will always be daunting for new customers and this could scare you off of the industry entirely. Copy your unique referral link from the ‘Referral program’ section. Aside from that, you need to only learn enough to get started, and make a small initial deposit on a Cryptocurrency exchange platform of your choosing. You can find all of this information right here at Crypto Parrot. The crypto market is very eventful, so keep up with what is happening within the market. To activate this bonus, you typically need to enter a promo code provided through a promotion or special offer. Its three star rating over an extensive period of 536 days indicates a solid performance amidst challenging market conditions. The account setup is straightforward, and navigating the platform is easy. If you have any questions or need further assistance, please don’t hesitate to contact us at.

MAIN MENU

They have invested large amounts of BTC in protecting against dollar devaluation. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. What’s even better is you can browse through an expert’s opinion on their service as a whole. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. What Makes EUR/USD the Most Traded Currency Pair. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. The goal with Tangle is to support the world of microtransactions through IoT in the future. PrimeXBT’s copy trading functionality is straightforward, focusing on connecting you directly with individual traders. This typically involves submitting a government issued ID, and in some cases, additional verification may be required. Inflation also has a part to play, but it also has a negative effect on global growth, which could work in both directions. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The previous lower high November 05 was also formed on the MA200. Thus, if you’re interested in earning extra income from the finance and insurance, check out their affiliate program below. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. However, the impact of fees and the platform’s dependency on the performance of copied traders are points to weigh carefully. Yes Bitget offers fiat on and offramp services via third party integrations. Best regards,The PrimeXBT Team. Join our community of happy clients and provide excellent customer support with Post Affiliate Pro. The stop loss order is one of the most crucial tools when trading crypto because the market is volatile. Your investment time horizon also matters. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. It can be downloaded for both Android and iOS.

TABLE OF CONTENTS

Returns or profits may be subject to capital gains tax. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. As with any investment, it’s crucial to conduct thorough research and consider your financial goals and risk tolerance before investing in XRP. This is also one of our main review criteria when it comes to grading an exchange. Profit from the markets by following the experts. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. According to the FCA, mirror trading fits within MiFID’s definition of portfolio management. Go to Settings > Security and enable Install from Unknown Sources if prompted. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. Here is a look at the different membership plans available with COV staking. After exploring various aspects of this platform, it’s time for a final assessment. However, it’s important to stay updated on any changes in their policies, as regulations can change over time. Luhansk People’s Republic. However, the lack of regulation should be considered as a potential risk. It also offers high leverage options, up to 1:1000 for forex and 1:200 for cryptocurrencies, which can help traders amplify their returns or downside. However, depositing or withdrawing fiat currency will require KYC identity verification. In simple terms, when you trade on margin, you only need to deposit a fraction of the total trade value as collateral, while the platform provides the rest of the capital. Scan the QR code with your device’s camera and get APK file. Shiba Inu SHIB has come a long way since its creation, and evolved from a meme coin into a dynamic asset with real world utility in the DeFi space. I will post pictures of the emails to prove the responses. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. Leverage is a powerful tool that allows traders to amplify their positions by borrowing funds to increase their exposure to the market.

Mobile App for PrimeXBT

However, the platform has garnered positive reviews from its customers with few complaints. Copy the profits of expert Strategy Providers. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. Seek independent advice if you have questions or do not fully understand the risks. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. We do not recommend investing money you cannot afford to lose. But we also want to make that process. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Thank you for trading with PrimeXBT. If you have any further questions or require assistance, please don’t hesitate to reach out to us. Knowledge to use all the available tools. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. In contrast to a long position, if the market moves upward during a short position, it can lead to capital loss. What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 71 cryptocurrencies. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Use the small initial deposit to test the waters and start your trading career. Seek independent advice if you have questions or do not fully understand the risks. Unlimited for verified users. The PrimeXBT app is a mobile trading application that allows users to trade a wide range of assets, including cryptocurrencies, forex, commodities, and indices, from their mobile devices.

Web3 Evangelist

Partnering with PrimeXBT offers various benefits, including financial benefits like custom payouts for high value partners and the ability to earn CPA from deposits as low as $1. When you borrow shares, there are fees that you will run into. Pros and cons of market diversity on PrimeXBT. For instance, closing positions before the end of the trading day can avoid these fees altogether. Plus we should note that PrimeXBT will strive to approve your withdrawals on the same day that you make them. Ensure that two factor authentication is enabled for added security. Trade Crypto Futures Contracts incl. One of the key features of PrimeXBT is the ability to trade cryptocurrencies with leverage, meaning you can control larger positions than your initial deposit would allow.