PrimeXBT

Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. It comes equipped with a range of technical tools, including over 50 indicators, charting tools, and multiple screen support, aiming to cater to various trading strategies. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. The Relay Chain was deliberately built with minimal functionality in mind. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. Labeled Verified, they’re about genuine experiences. Our human support team is here to help 24/7, in your language. Additionally, POL ex MATIC’s value is boosted by its role in enabling fast, cost efficient transactions on the Ether network, making it a critical component of blockchain scalability​. PrimeXBT utilizes stress tests, security audits, and extensive cyber security frameworks to ensure that strict measures and practices are in place to protect customer assets against any threats. =OI needed to figure out more details about trading with cross and isolated margin to understand what suits best my trading strategy and they have cleared out everything to me. However, insurance coverage is still rare within the crypto industry. Other notable features of the platform include. Anyone can view, post, and comment to this community. The complex interface is unsuitable for inexperienced traders. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. In the next section, we will discuss the impact of PrimeXBT’s user base on the cryptocurrency trading market.

Trading Contests

PrimeXBT Trading Services, S. PrimeXBT is a leader in the crypto trading world for its low fees and clear pricing. For years it has grown into a global platform that has expanded to over 150 countries all around the world. Operating within a regulated environment is crucial for any trading platform, as it ensures the safety and security of its users’ funds and personal information. In turn, this risk management approach may lead to a more consistent and stable return on investment. We’re glad that our platform aligns well with your trading needs and appreciate your recognition of our efforts. Forexlive holds no responsibility for any liability, damages, or losses caused in connection with www.primexbt.com the use of any content on this page. $20,000 or equivalent for unverified users.

How is PrimeXBT’s Customer Service?

If your guess is correct, you make a quick double digit profit. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. CFDs on forex, cryptocurrencies, commodities, indices. The order form also displays recent trades and order book data. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. Receive the latest news and stay informed. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. None, registered in Seychelles and Marshall Islands. Margin trading on PrimeXBT involves borrowing funds from the platform to increase the size of a trading position. BitMEX provides a range of different order types to appeal to a broader audience. There are zero trading fees on all non Crypto CFDs including Forex, Indices and Commodities, while spreads on all CFDs start as low as 0. Follow the same steps to trade Forex, Commodities, or Indices. ” Polkadot has its native token known as “DOT. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. PrimeXBT is a margin exchange that trades mostly in up and down markets.

Is PrimeXBT a good broker?

Jito Staked SOL JITOSOL. These scores are indicative of a sound and functional app but the sample size is rather small, with only 10,000 downloads on Android devices. Step 4: Confirm the Transaction. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. To open a trading account. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Crypto Futures: Users can trade perpetual contracts via the Crypto Futures platform. These services are governed by the legal terms and conditions of PXBT. People love the variety of assets available, from forex to Bitcoin and Ethereum. These types allow traders to control the price at which they enter or exit a trade. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. This is always a tricky aspect to analyse when writing up a review for advanced trading platforms. The section also has a few posts on industry analysis to get an overall view of what is happening in the market. This is all done from the “Summary Module” at the bottom of the page. Traders can take advantage of bullish and bearish market conditions by going long or short. It’s cool that you can trade rather risky crypto features, pay quite small taker/maker fees, and also get access to global markets for risks offsetting purposes. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. If you ever have any questions or need assistance, feel free to reach out to. Scan this code to download app. 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. This can be a concern for users seeking platforms with strong regulatory compliance. Information regarding past performance is not a reliable indicator of future performance. It’s really easy using Syla to do your crypto tax. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. With low fees, high leverage options, advanced trading tools, and excellent customer support, it’s no wonder that traders worldwide choose PrimeXBT as their preferred trading platform. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. PrimeXBT offers the following Leverage. Unfortunately they’ve got into legal trouble lately which lead to a dramatic decrease of usage.

1M+ clients

A deposit bonus of 7% on deposit, up to $7,000. Please do your own due diligence before making any investment decision. We added new features, reached new audiences, and added more tools and abilities to our powerful trading platform. When trading financial instruments, margin is the collateral that a trader needs to put up for deposit with your broker or exchange to cover potential credit risk that the trader poses for the brokerage. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. We’re thrilled to hear that you are impressed with PrimeXBT’s reputation and trading terms across all asset categories. Diversify your trading with access to CFDs on Forex, Indices, Commodities and Crypto, all from a single account. NerdWallet™ 55 Hawthorne St. 05% commission on all cryptocurrencies offered by PrimeXBT is a perfect condition for trading. Diversify across more than just Crypto. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. This will redirect you to the trading page and chart of your margin account. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. Detailed instructions specific to South African customers can be found in this article. PrimeXBT explains its trading fees in a clear way. BitMEX offers a range of support options, including a detailed help center, email support, and live chat. If an individual fails to meet the maintenance margin requirements, the broker may liquidate their position, which may result in significant losses. Feel free to check our video tutorials as well as the help center to learn more about how margin trading works, how to manage your margin utilization by adjusting position size, how to calculate margin requirements and more. Navigation was intuitive, with all the essential tools and indicators just a click away. These products are not suitable for all investors. The market tends to get spooked whenever there is a shift in the global crypto regulations. This causes a slight delay in funds being available in the account. The Forex market can move based upon a multitude of unforeseen factors, so testing a methodology is going to be crucial. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Markets also go through bear and bull cycles, and much more.

Download the APK:

Affiliate payouts are made weekly through bank wire, bitcoin, or check. Trading fees are a really important consideration as they can directly impact your profitability in the long run. Acting swiftly is crucial, as withdrawals are processed within a specific time frame each day. The complex interface is unsuitable for inexperienced traders. The fees on PrimeXBT can be categorized into several types, including trading fees, overnight financing fees, and withdrawal fees. The fiat withdrawal process was straightforward but took a long time. Scalping is when a trader takes advantage of the small price movements to make profits. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Atenciosamente,A equipe PrimeXBT. The top 5 crypto copy trading platforms are Finestel, Bybit, PrimeXBT, 3Commas, and Coinmatics.

Stocks

Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. These products are not suitable for all investors. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. 38 Wong Chuk Hang Road 1/F, 2F, 25 27F, Hong Kong Island, Hong Kong. Minimum ADA price targets fall short of revisiting the asset’s current all time high. You can profit from both upward and downward price movements based on your predictions. Open larger trades with less money using leverage. These fees are designed to encourage active trading and account management. Select the ‘Deposit Crypto’ option. 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 provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. By continuously learning and staying updated with market trends, you can enhance your trading performance and make more informed decisions. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Bybit’s maker taker model rewards liquidity providers and charges takers, which can be advantageous for certain trading strategies. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Additionally, having a specific piece of hardware is not required to stake, so getting into DOT staking is much easier than getting into cryptocurrency mining. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. 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. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans.

Resources

It also provides a breakdown of individual crypto and US dollar balances. This is also more appropriate for experienced traders that can monitor and analyse the market effectively. During its existence since 2018, PrimeXBT has established itself as a stable and reliable platform. For example, if you are able to buy $10 for every $1 used as margin, the leverage is 1:10 for that transaction. Obtained confidence among traders that XRP is a Crypto asset that will no longer be doubted by the SEC, drew a significant amount of XRP holders back to the Cryptocurrency market. Followers earn 70% from any profitable trades. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 45 cryptocurrencies. 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. Covesting is a unique way to make passive profit for anyone who doesn’t know how to trade themselves.

Casual Traders: Not Recommended

Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Never Miss Another Opportunity. Quantitative data refers to on chain metrics such as total BTC address, number of transactions, hash rate, and more, while qualitative analysis could refer to the belief that the Crypto industry could disrupt precious metals. This section focuses on the favorable feedback provided by users, showcasing the platform’s strengths and benefits. It takes just a few minutes to get started. PrimeXBT Trading Services, S. This not only enhances your account security but also provides greater flexibility in fund management. Remember, while high leverage trading carries risks, PrimeXBT remains a robust option for diversified trading on a unified platform. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Acha Modest Aben Says. PrimeXBT is a perfect match for copy traders. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. However, the organization maintains strict membership standards and has expelled several brokers in the past. Transaction fees are straightforward but can accumulate over time, especially for frequent traders. While building immense wealth may not be immediate, Ethereum offers exciting possibilities. 🚀 PrimeXBT has been crowned the “Most Trusted Crypto Asset Trading Platform” at the Crypto Expo Dubai 2022. We’re glad to hear that our platform suits your trading strategy and needs. However, the countries listed below have been excluded. PrimeXBT processes withdrawals once daily within a set timeframe as part of its strategy to minimize transaction fees for cryptocurrency withdrawals. Users can contact customer support by email at. You do not want to be the kind of trader that makes a trade without having a plan. Just so you know, these assets are kept in a cold offline storage facility to ensure that they don’t fall into the wrong hands. Always consider using lower leverage to manage risk effectively. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. We strive for transparency and fairness in all our client interactions, including the return of funds where applicable.

About

I recently switch trading with PrimeXBT and it’s been an uplifting experience. There’s also a company blog providing trading advice, instructions, and other resources to help novices get started. In this event, all of your open positions are closed as Market orders to settle the P/L. Since starting in 2018, PrimeXBT has become a trusted and forward thinking trading platform. Traders who predominantly trade tech stocks, for example, could be exposed to risks associated with the technology sector. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. 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 offers various withdrawal methods, including. This suggests that there are more buyers than sellers, but the strength of buyers is decreasing, suggesting a lack of conviction in the short term. Date of experience: August 11, 2024. 45 and Exness paid me out 13. DOT can be bought on most cryptocurrency exchanges, however, a direct DOT/fiat pair is not commonly available, so using BTC as a mediator is required. While you can create a Binance account without KYC, you cannot access the vast majority of the products available on Binance, including buying, selling, and trading crypto. If the price falls by 10%, you can repurchase it back for $4500 and return it to the exchange. Users can trade with confidence knowing that their transactions have been thoroughly vetted and verified. 🔝Best for: Experienced traders who need low trading fees. 99% fee, not PrimeXBT. And just like how you would hide your valuables in a safe place, PrimeXBT stores your digital assets offline in a super secure vault. In April 2021, ETH price rose above $2,500, then suffered a slight dip, before reaching a new peak price of $4,000 in May, and climbing to an all time high of $4,733 later in November. DeFi – This section is definitely designed with first time DeFi users in mind. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

Categories

Financial instruments can be designed in a variety of ways, providing flexibility that trading assets alone cannot match. Forex CFDs on PrimeXBT are known for their tight spreads, starting as low as 0. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. Com to continue to provide our services to you for free. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. Prime Technology Ltd is PrimeXBT’s Technology Provider. If we did, we’d go back to 2013 and buy all the Ethereum at just $0. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. I’ve been using the platform for several months now and have run into very few problems. I’ll be watching this pair closely to see if we can break through this resistance, or if it holds, causing a pullback before resuming the upward trend. Dear Wandile,Thank you for your detailed review and for choosing PrimeXBT. Content is written free from bias and is fact checked where appropriate. While some investors look to significant price movement. Low trading costs and 0 fees. Accept This Promo Code: Sign Up and Get Your First Ride on Rida for ₦1300 Get Your First Ride on Rida for ₦1700: Sign Up and Get Your First Ride on Rida for ₦1700. Conversely, when a sell order is placed, the investor is matched with a buyer willing to purchase shares at the agreed upon price. Our human support team is here to help 24/7, in your language. There is no minimum or maximum required withdrawal amount. PrimeXBT Trading Services, S. 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. Very low spreads with low commissions. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Still finding PrimeXBT too complicated. CLICK HERE, TO GET STARTED WITH PRIMEXBT WITH $1000 SIGNUP BONUS FROM THIS LINK NOW. Your trading plan will also allow you to employ market analytics tools. Variety of methods how to top up the account using modern gateways and this is what captivates me for real. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. It also provides a breakdown of individual crypto and US dollar balances. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. Visit PrimeXBT Platform and get 35% on Your First Deposit.

New Member

Reddit and its partners use cookies and similar technologies to provide you with a better experience. This is backed by 26 technical indicators pointing to a positive trend, while only 6 indicate a negative outlook. While some investors look to significant price movement. However, our constant ongoing monitoring of incoming transactions and manual approval over outgoing transactions utilizing the industry’s best blockchain based AML compliance software ensures that we can actively and effectively address all suspicious transactions. However, the market volatility results in a quick drop to the $0. You can use it as a demo account, and if you make it to the top of the leaderboard, you may even win a prize. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Through a variety of channels, the customer support is accessible twenty four hours a day, seven days a week. For publishers looking forward to earning extra income, this program could be a lucrative opportunity. Scan the QR code with your device’s camera and get APK file. Whatsapp: 11 6481 4231. Crypto Deposits: PrimeXBT offers free crypto deposits. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Prime XBT offers the largest leverage of 1:1000 for margin trading. If Bitcoin’s value increases by 10%, the trader earns a $100 profit instead of just $10. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Fees which traders should take into consideration are. The most obvious advantage of using leverage is the ability to increase profit margins and the return on your investment. Learn more about other kinds of reviews. Copy trading can be profitable, assuming you copy the correct trader.

Exclusive Crypto Deal List of 2023

By understanding these features, traders can make informed decisions and optimize their trading strategies on PrimeXBT. Dear Rafael,It’s good to hear that during these uncertain times, PrimeXBT has been a reliable platform for you. De Germany’s first and biggest marketplace for the digital currency Bitcoin. This streamlined approach simplifies entry into diverse markets. 7% last week, marking the fourth straight weekly decline and its largest weekly decline in almost a year. No, PrimeXBT does not support privacy coins. Many people took to the PrimeXBT Covesting Module Telegram group and other platforms to extend their thanks and gratitude for this life changing opportunity. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The benefits that PrimeXBT provides are outweighed by the negatives. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. While PrimeXBT offers a user friendly interface, the platform’s high leverage and security concerns may be challenging for beginners. 23, while the closest long term horizontal support is $0. So far PrimeXBT is certainly one of the better trading platforms I’ve used, the leverage amount on offer can’t be beaten especially on traditional pairings, the UI is great and easy to understand and the referral system is great. Choose PrimeXBT for a versatile and user friendly payment experience. To reduce risks, it is also advised to diversify one’s portfolio and seek professional assistance.