What is PrimeXBT?

However, its unregulated status and limited asset selection can be potential drawbacks. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. If you do not see this then it means that you could be on a phishing site and should leave immediately. Fiat/Cash Withdrawals. However, past results are not indicative of future performance. A breakdown of current financing rates is available in the fees section of the website. 5 for PrimeXBT and 3. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. All referral links will be removed. This step is crucial for refining the strategy and ensuring it performs well under different market conditions. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Especially considering how it can connect directly into its futures activity. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. We invest in big ideas and good humans. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search vizitează site-ul feature. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. A limit order will guarantee that the trader will only buy or sell at a specified price or better. PrimeXBT is a leading provider of leveraged cryptocurrency products that allow you to take full advantage of margin trading. Dear Felipe,We’re glad to hear that you’re enjoying the crypto futures on PrimeXBT. Date of experience: November 03, 2024. You can bet on US SPX500, NASDAQ, and Dow Jones. PrimeXBT is a leading online broker that offers trading on cryptocurrencies, commodities, indices, and forex.

Customer Support and Resources

What you will get instead are good tutorials about how to use their platform and explanations about leverage, margin and trade orders, as well as some market updates/news. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. As said, we haven’t seen any indication that PrimeXBT is a scam or in any way fraudulent exchange. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. When using the system, users must have Ether in order to complete a transaction. Featured SA Shares Writer and Forex Analyst. Well, the short answer is that it is not too late to invest in cryptocurrencies in 2020, and there are a number of reasons. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever changing landscape. Thank you for your cooperation. Understanding these fee differences can help traders choose the most cost effective order type for their specific trading scenarios. 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. PrimeXBT packs a boat load more features under just one roof. Your input is valuable as we strive to balance cost effectiveness with maintaining an excellent trading environment. Discover a world of trading possibilities, with access to a wide range of Crypto CFDs, and enjoy some of the best leveraged trading conditions in the industry. Identify important data, use export functions, manually record settings, and save backups to cloud or local storage. Trading instruments are a bit more exotic as these contracts can have a variety of conditions attached to them. To start investing with PrimeXBT, create an account, deposit funds, and then select the markets you wish to trade. Making a Chainlink price prediction is a bit dubious with the current state of Cryptocurrencies and the many competitors that are emerging constantly. Security is a paramount concern for traders, and both PrimeXBT and Bybit implement robust measures to protect user accounts and funds. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. The coin suffered through 2019 and was one of the worse performing top Crypto assets.

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I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Because of this, there are two main ways that the average trader will access the currency markets, by trading the CFD markets or using a Forex broker. But my biggest peeve is the spread. The potential return for a correct guess is preset by the turbo feature. PrimeXBT is for traders who prefer the CFD trade instrument and have a firmer foot in the traditional asset classes. And, we all know that even a small amount of Bitcoin can also become huge in the coming time. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Below are common causes of failed payments on PrimeXBT and their solutions. The covesting feature is a game changer. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Prime XBT supports various payment methods for deposits and withdrawals, primarily focusing on cryptocurrencies. Up to 100x in all cryptocurrency pairs. Users can open accounts, deposit crypto, and start trading with just an email address. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Especially if you have a crypto wallet that isn’t connected to the internet. Refrain from linking posts on social media such as Telegram, Discord, Facebook, Twitter etc, except official social media content from PrimeXBT and Covesting groups and channels. You can see that if you were long of this pair, you could have suffered significant losses if you did not protect profits, or even protect yourself from massive losses. By introducing new clients to PrimeXBT, you become a full scale partner eligible to earn a revenue share portion of the trading fees from any referred users. Another top feature is the addition of a chat option on the main dashboard menu to the right. Stellar Lumens was first launched in 2014 by Jed McCaleb, a pioneer in the cryptocurrency space, who is also responsible for founding Mt. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. If you want to copy someone else’s trades.

Perpetuals Markets

Luckily, Coinpanda can help you with this and generate ready to file tax forms quickly and easily. Switching markets and searching trading pairs on PrimeXBT is straightforward. It makes sure all trades on PrimeXBT are real and safe. There are also custodial trading subaccounts for users who want to entrust their funds to a professional trading team. Learn more about Baksta’s Legal Terms. We’re happy to hear that you find our platform user friendly and helpful, especially as a beginner. Go to Settings > Security and enable Install from Unknown Sources if prompted. Would appreciate some feed back before making a decision. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Let’s check the similarities and differences of each of them. Unlimited via Perfect Money. To activate a bonus, log into your PrimeXBT account, go to the “Promo Codes” or “Bonuses” section, and enter the promo code. Alternative Payment Methods. This process is designed to confirm the authenticity of payments and prevent fraudulent activities.

Further reading

In crypto copy trading, participants automatically copy trades of experienced traders in real time, adjusting the size based on their investment. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This process enables traders to execute transactions instantly, giving them the ability to swiftly react to market changes. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. Here’s our detailed analysis of the futures trading experience. Monitoring market sentiment and news events is essential for predicting short term price movements. According to reports from PrimeXBT, many of its affiliates can earn thousands of dollars a month. It offers a simple and intuitive interface, transparent fees, and a secure and reliable trading system based on Bitcoin multisig smart contracts. Open the downloaded file and tap Install to complete the installation. Do not waste people’s time. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Your trade with vary depending on your funds, risk tolerance, and sentiment toward the current state of the market. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024.

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Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia. PrimeXBT enjoys a solid reputation within the trading community, with users frequently praising the platform for its advanced trading tools, high leverage options, and responsive customer support. The first parachain slot auctions on Polkadot happened in late 2021. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Even if you prefer not to download a mobile application, keep in mind that we offer a superb mobile version of the platform. $2,000 by bank card. This type of order allows traders to lock in profits while allowing for potential further gains, making it a versatile tool in trending markets. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. There are also contests and quick trade options with one click and double click. Another USP of PrimeXBT is that it supports margin trading for popular cryptocurrencies and stocks indices, forex, and commodities. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. From registration to buying your first Bitcoin and funding your trading account can take place in just a few minutes and clicks, and you can begin your new crypto trading career on an advanced, award winning margin trading platform that offers all of today’s hottest instruments all under one roof.

Position trading

Although he is heavily focused on Cardano, he is also the director of The Bitcoin Education project that supports the first ever Cryptocurrency. The exchange has deep liquidity and near instant trade execution. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Here are some case studies of successful use of PrimeXBT bonuses. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Utilizing these strategies can help you reach a larger audience and drive more traffic to your referral link. PrimeXBT also has over 50 FX trading pairs. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. While this fee might seem small, it is essential to factor it into overall trading costs, especially for those who withdraw funds frequently. PrimeXBT’s innovative spirit shines through its diverse asset offering and intuitive trading interface. This is impressively fast and means that traders are less likely to experience slippage. Hello Miguel,Thank you for sharing your detailed review. Prime Technology Ltd is PrimeXBT’s Technology Provider. Unlike in the traditional fiat system, cryptocurrencies are decentralised. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Scan the QR code with your device’s camera and get APK file. Only bitcoin is accepted as a deposit currency. Anyway, the trading conditions on crypto futures are so beneficial. With user friendly steps to create an account, buy crypto, and start trading, it ensures reliability and rewards. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Prime XBT Trading Services, S. Information regarding past performance is not a reliable indicator of future performance. Advanced Trading Platform: The proprietary PrimeXBT platform and mobile app provide advanced charting tools, fast execution speeds, and a user friendly interface. Here is more on the latest listings on PrimeXBT, which includes seven total altcoins in one of the most extensive listings the platform has had since its inception.

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This leaves Volet and Perfect Money as the alternatives. Future Discounts: These accrued loyalty points can be subsequently utilized to unlock substantial discounts on future PrimeXBT purchases, extending the value beyond the Labor Day event. The margins of the cryptocurrency PrimexBT has low fees and that benefits me as a user, I don’t want giving my money on high fees since I’m not sure on the ROI and it’s also risky. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow. Though founded and registered in Seychelles, with offices in St. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries. The Covesting module on PrimeXBT allows traders to showcase their performance publicly and compete with others. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA F245. CySEC, FSA, FCA, FSC, FSCA, CMA. But what if there was a way to potentially boost your gains.

Restricted Jurisdictions

Slippage occurs when the execution price differs from the expected price, common during high volatility or low liquidity. With a 30% drop in the last five weeks, the recent correction reveals an increased supply pressure. XRP was trading at a minimum value close to $0. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Overnight financing is due for any position that is carried into a new trading day past 00:00 UTC and is withheld from Trading account balance. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Chart candles on PrimeXBT reflect the Bid price of an asset. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. PrimeXBT recently launched the copy trading platform, connecting skilled traders with new traders through a peer to peer profit for all involved trading experience.

About us

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. Review collected by and hosted on G2. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. The file is verified secure by PrimeXBT. According to the survey, the top three cryptocurrency exchanges are. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. With traders from over 150 different countries, PrimeXBT is one of those rare platforms that doesn’t have exuberant amounts of restrictions; however, it does restrict trades from some countries and provinces such as the USA and Quebec. Many platforms either integrate directly with tools like TradingView or provide API access that can be used to integrate your account with external charting tools, enhancing your analysis and trading strategies. In addition to a track record of safety, several added security features should be included. His early work in the industry is part of what made the space what it is today. You can reset your account password using the Password recovery feature. What is Bonk and How Does It Work. No proof of residence, no selfies with your passport – just enter your email, choose a password and you can deposit, trade and withdraw. 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. Let’s explore both sides of the coin. Com does not provide any financial services, including investment or financial advisory services. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Proper risk management is necessary for both long and short positions. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Prime XBT trading fees are between 0. Here are 8 tips for writing great reviews.

How low are your fees for Crypto Futures trading?

For the uninitiated, “margin” is the debt, or borrowed money, that a trader uses to invest in other financial instruments. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. It also offers the possibility to buy and trade with Crypto as well as fiat. According to the survey, the top three cryptocurrency exchanges are. Covesting is a unique way to make passive profit for anyone who doesn’t know how to trade themselves. Binance review compared to PrimeXBT. This fee applies to both market orders and limit orders. Here are some common trading strategies used by Forex traders. By Matthew Hayward, Senior Market Analyst at PrimeXBT. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Past performance is not a reliable indicator of future results. The systems, strategies, and examples discussed are provided for educational and illustrative purposes and may feature hypothetical or simulated performance results, which come with inherent limitations. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. Detailed information regarding the minimum/maximum order size and exposure limits for all available instruments can be found on the ‘Fees’ page. Then, to cover the total margin required to settle all open positions, all open positions will be liquidated. However, for experienced traders who are comfortable with risk, turbo trading can be a great way to increase their trading profits. Fine tuned leverage control reduces risk exposure on larger positions while maximising your profit potential on smaller trades. PrimeXBT’s fee structure is another important point. Its intuitiveness and simplicity provided a pleasant trading experience. Choosing the most cost effective payment methods, avoiding frequent small transactions, and staying active on your account can help minimize fees. You can also click PrimeXBT App iOS or PrimeXBT App Android to open PrimeXBT App. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. Margin trading has been popular in other markets as well, such as forex for example, and cryptocurrencies are no exception. Perhaps you are okay with paying up to $5 extra for this order. Forex trading, in particular, is one of its key offerings. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Short selling involves selling an asset that you do not own with the intention of buying it back at a lower price in the future. Para acessá lo, navegue até ‘Hub’ e selecione ‘Programa de Referência’. PrimeXBT lets you deposit several cryptocurrencies like BTC, ETH, USDC, and USDT. Furthermore, PrimeXBT has a daily withdrawal limit on accounts that are not verified, so if you need to withdraw more than the daily limit, you will need to verify your account.

About

User Friendly Trading Interface. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. We’ll continue our investigation to unearth the truth. Investors are now asking whether Polkadot DOT can reclaim $4. MEXC is a global crypto exchange without mandatory KYC. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. $20,000 or equivalent for unverified users. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. This growth is attributed to increased interest in Web3 and strategic partnerships that are expected to bolster Polygon’s price​. However selling and buying both come with the necessity to understand the market for the asset at the time. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income. Date of experience: April 23, 2024. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Lastly, the ongoing developments in the Ripple ecosystem, such as the introduction of smart contracts to the XRP Ledger, continue to expand XRP’s utility and potential value proposition. Coin Bureau readers who sign up to PrimeXBT can receive a 35% bonus if they sign up with our sign up link. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. If your wallet address is linked to you via another means, then there’s no anonymity. Day Trading is essentially buying something at one price, during the trading day, and selling it later that day at a higher price.

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The ICO smart contracts were hacked, and 66% of the funds raised during the event were frozen. 49 USDT in followers’ equity and 12 followers, indicating a strong initial trust in its potential. Our 24/7 support team here to help. The responses were fairly detailed but lacked accuracy in addressing all queries. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Understanding user satisfaction is crucial for evaluating any trading platform. Its most recent registration dates from August 15, 2017. PrimeXBT charges the following deposit, withdrawal, and other fees. Before proceeding, ensure that Two Factor Authentication 2FA is activated on your PrimeXBT account for added security. Trading involves risk. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. You can reach out to me via 📌. PrimeXBT’s fee structure is designed to be transparent, ensuring traders can easily calculate their costs. Every professional trader has to deal with market risk which can lead to trading losses. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles.

Creatives

For novices, it offers a chance to generate profits as they familiarize themselves with market dynamics. Obviously details are still murky and no one has yet been proven guilty of any crimes. One of the primary disadvantages of Wolf of Trading is the fact that they don’t share Crypto trading signals as frequently as other providers, usually 2 3 signals per week. It may be used to trace and verify the provenance, flow, and caliber of commodities. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. It’s great that you’re also conducting your own analysis to complement the insights we provide. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. PrimeXBT also offers both long and short trading options. Their fees are typically less than $2. At the time of writing, PrimeXBT charges a very low flat fee of about 0. PrimeXBT offers a variety of marketing tools, such as banners, links, and analytics, to assist Namibian affiliates in tracking and optimizing their referral campaigns. The first organized futures market is said to have been the Dōjima rice market in Ōsaka, Japan, in the 18th century. One effective approach is to optimize the number and size of trades. $20,000 or equivalent for unverified users. Traders should also consider the security measures in place when making deposits and withdrawals. Explore flexible promotional materials, a 60 day cookie duration, and monthly wire transfer payouts. Learn more and get started today with a special new member discount. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage.

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Traders can stay informed about regulatory updates by regularly checking PrimeXBT’s announcements and updates, subscribing to regulatory news feeds, and leveraging PrimeXBT’s support services for the latest information on regulatory changes that may impact their trading activities. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. PrimeXBT is upfront about its withdrawal fees, starting at $0. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. The past year has been nothing but collapse, with major stock indexes falling into a bear market and crypto crashing by 80% or more. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. This has also opened new opportunities for new platforms to simplify various processes. Bybit also prioritizes security, offering similar measures such as 2FA, encryption, and secure asset storage. Bitcoin started off its life virtually worthless, with a value of far less than a penny when the Bitcoin Core client code was released into the wild. Best regards,The PrimeXBT Team. However, there is a list of countries that aren’t allowed to trade at PrimeXBT, due to local regulations. But is that really the best way to get the most out of your Bitcoin. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Reply from PrimeXBT Copy Trading.