PRIMEXBT REVIEW 2024: A COMPREHENSIVE GUIDE TO TRADING EXCELLENCE

Precious metals can be traded from 22:00 to 21:00. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. No hidden fees on deposits and withdrawals. These rewards go beyond the ordinary, providing you with additional benefits. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. 071 USDT in trading fees. Best Platform for Margin Trading. If you need any assistance in the future, please don’t hesitate to reach out to our support team via live chat or email at. PrimeXBT primarily focuses on cryptocurrency deposits. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. PrimeXBT’s unique selling proposition for traders is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. Through these third parties, customers can buy BTC, ETH, USDT and USDC. 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. Select the Crypto you want to withdraw. However, there were a few areas of disappointment. 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. 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. This is seen in its product mix and friendly UI/UX design. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Also, there are no fees for depositing cryptocurrencies. This is not unjustified, of course, since Musk was sued for insider trading of Dogecoin – pointing to his $124 million sale of Dogecoin after he “jokingly” changed Twitter’s original logo to the Doge meme dog. It’s an excellent opportunity for both new and seasoned traders to increase their potential profits while managing their risks effectively. As for the trading fees, you can expect to part with 0. You possess adequate investment knowledge and experience to bear Futures Trading risks and accept full responsibility for these risks. PrimeXBT doesn’t kid around when it comes to rewarding new users.

🚀 How to Sign Up on PrimeXBT 🌟

Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. It serves clients in over 150 countries and has over 100 trading assets available. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. This is also one of our main review criteria when it comes to grading an exchange. I ain’t got hiccups with the number of payment means but faced a sudden delay during depositing. This is when Bitcoin surged to new all time highs, and we saw the “expansion move” occur. “Honestly speaking, I didn’t expect something better after I read the PrimeXBT covesting review. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. However, it also comes with a higher risk of PrimeXBT broker liquidation due to increased volatility. Active users across the world. The hard cap plays a critical role in determining a cryptocurrency’s value by ensuring that it has a limited supply that cannot be exceeded.

PrimeXBT Trading Platform

All the content on BitDegree. The status of a withdrawal can be checked in the ‘Transaction History’ or ‘Withdrawal’ section of your account. Note that this fee won’t execute if you enter and exit the position with the day. Here on PrimeXBT, you can engage in a variety of trading activities, access advanced tools. Everything we do, we do for our clients. FX Empire provides its readers and partners with this section in order to share the value proposition and products which may be relevant for FX Empire. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. The United States of America US Reportable Persons. Users who did this were given 400 UNI tokens to claim by connecting an Ethereum based wallet like Meta Mask to Uniswap.

Pros and cons

However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. There is also a separate module for copy trading, which allows you to select trading strategies for autocopying trades. The best exchange for crypto trading on PrimeXBT. 01 BTC on the exchange. It is worth bearing in mind that during the process of making a financial transaction, you will be automatically redirected to the PrimeXBT partner company page. The Covesting module on PrimeXBT tracks all strategy metrics in a public rating system, such as ROI, daily profit, equity, and total followers. Secondly, they both offer the ability to deploy decentralized applications dApps and provide developers with powerful tools for building on their platforms. Information regarding past performance is not a reliable indicator of future performance. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. The way these bands work is that assets often tag the upper band when passing through the middle BB from the downside, and vice versa. 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. Buying and trading cryptocurrencies should be considered a high risk activity. The following list has a few crypto exchanges we recommend as top PrimeXBT alternatives based on specific criteria. Deposits on PrimeXBT are also free, while withdrawals start from $0. Our website uses cookies. 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. 1 BTC worth of positions. EULA Affiliate Disclaimer Guest Post Agreement Refund and Returns Cookie Policy Sitemap.

Supported Countries and Regions

Click Download and confirm the file download if you see a warning. Returns or profits may be subject to capital gains tax. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page. Here are some real testimonials from users who have downloaded our app from the AppStore and Google Play, sharing their experiences with the PrimeXBT mobile application’s usability and features. As an investment, they have both done well over the centuries and only increased in value. Please note that only special contest accounts participate in tournaments, you cannot trade on your real accounts. Thus, the minimum margin needed to open this trade with leverage x200 will be 0. The blockchain and oracle space is dynamic, with emerging projects seeking to provide similar or enhanced services. We’re delighted to hear that you are satisfied with our services overall. At this point, the total investment is $12,000. The platform also suggests creating multiple accounts for various strategies and practicing with a demo trading account. Once you confirm your email, your account will be activated. The platform accepts users from more than 150 countries, but is not available in the US, Canada, New Zealand, Japan, Russia, Israel, Cuba, Iran, Syria, North Korea, Sudan, Myanmar, and Puerto Rico, among others. As you close the trade, the margin is automatically returned to your account balance. Acho que o preço chegará abaixo de US$ 50. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. We’re glad to hear you’re enjoying the quick order execution, advanced tools, and low trading fees. Join PrimeXBT for flexible trading options tailored to every trader’s needs. Yes, using the in wallet exchange feature, you can exchange BTC, ETH, USDT, USDC and COV amongst each other, directly in your PrimeXBT account. Returns or profits may be subject to capital gains tax. 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. With the right trading platform and API access, you can take your trading strategies to the next level. 32 to send USDT over the BEP20 network. In this scenario, a 10% price increase would yield a $500 profit.

Areas For Improvement

At PrimeXBT, we want you to succeed as a trader. If you ever need any guidance or have questions, please don’t hesitate to reach out to our support team via live chat or email at. Deposit $300+ and start trading within 48 hours after registering. Get hand selected news and info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits. ” When a trader uses the term “futures contract” they are typically talking about a particular asset, “I bought bitcoin futures contracts. Traditional assets like commodities, stock indices, and forex currencies are also available to trade with leverage. PrimeXBT offers a significant degree of customization to its users. 5 for PrimeXBT and 3. Dear LucasThank you for the positive feedback. This section will guide you through the initial steps to get you started on PrimeXBT, a leader in the world of margin trading. Your tax office may also be able to request personal data from your bank. Currently trading just above $20,500, it seems. Each fund is rated by a series of metrics, including daily and all time ROI and total capital. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries. PrimeXBT uses cryptocurrency cold storage for extra security. Learn more about Baksta’s Legal Terms. We’re here to help you succeed and make the most of your trading experience. Subscribe to our Newsletter for new blog posts, tips and Guides. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Another strategy is to leverage the tools and features offered by PrimeXBT. Open the downloaded file and tap Install to complete the installation. Trade Crypto, Indices, Commodities and FX with up to x1000 leverage, allowing you to maximize your profit potential and earn from both rising and falling markets through CFD contracts Contract for difference. Early in the 2010s, Jihan Wu—a name linked with cryptocurrency innovation—started his adventure in the realm of digital currencies.

Customer Service

Even so, Binance has set itself apart by offering an insurance fund for user assets. While such high leverage amplifies potential profits, it also heightens risks. It offers funding up. 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. Information on the TradersUnion. Executing trades on PrimeXBT is straightforward, but it is important to understand the different order types and how to manage your positions effectively. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. 👔 LinkedIn: Network and stay connected with PrimeXBT on LinkedIn.

Do You Need KYC on PrimeXBT?

The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. The PrimeXBT Bot is integrated with the Telegram app and offers a streamlined way to monitor and manage trading activities and communicate with the support team without needing to access the PrimeXBT web platform directly​​. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. Trading limits can vary widely depending on the platform, the trader’s account type, and verification status. The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. 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. Whatever you use as a system, be it technical, fundamental, or more likely than not, a combination of both, it is crucial that you do what is known as backtesting. Virgin Islands, Northern Mariana Islands.

Leverage and Margin Capabilities

Join the community:📱 Discord: Discuss and get updates with the PrimeXBT community. While some of the top cryptocurrency exchanges are, indeed, based in the United States i. However, it is important to note that the high leverage and unregulated nature of PrimeXBT introduce heightened risks that traders must be willing to accept. You will see a message stating that you agree to the processing of your personal data in accordance with the regulations of the exchange. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. 005 in its ninth batch, the success of BlockDAG’s early stages is a testament to the robust market confidence in its technology and future potential. Efficient order execution is a critical aspect of any trading platform. 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. It’s great to know you’re enjoying the variety of trading options like CFDs, crypto, and copy trading. We highly recommend that you control your positions and keep a sufficient amount of funds in your trading account at all times, even if you’re convinced that the trade will be profitable. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. These collaborations strengthened its position in the blockchain world. If you are a beginner, the best way to start shorting Bitcoin is through margin trading, where you borrow Bitcoin from a broker and pay later on. Pin bars are a powerful candlestick pattern used widely for reversal pattern trading across all financial markets. Dear Carlos,We’re delighted to hear that you appreciate the wide range of assets available on PrimeXBT, including forex, commodities, cryptocurrencies, and indices. Trade volumes of $3,500,000+ CFD and Crypto Futures. In a sense, Chainlink is trying to bring a collaboration between the real world and the blockchain world. It’s essential to balance fees with liquidity—platforms with higher liquidity typically provide more efficient trading without slippage. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. This strategy is a good fit for novice investors, who lack the necessary experience to analyse and choose the most opportune moments to buy Ethereum. Today is not liable for any financial losses incurred while trading cryptocurrencies. Whether or not the cryptocurrency exchange allows you to directly copy the positions taken by another trader and connect a part of your portfolio with theirs. If a miner gets the right combination to unlock a new block they are instantly rewarded with 12. Withdrawal types available on PrimeXBT United Kingdom.

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Note, the broker does not offer trading in options and spread betting. The pip is usually the fourth decimal place of a currency pair, except those that only have two decimal points, i. After purchasing cryptocurrencies, they can then transfer them to their PrimeXBT account. PrimeXBT establishes minimum withdrawal amounts for each currency to ensure transactions remain economically viable on their respective blockchain networks. At PrimeXBT, we strive to offer excellent trading terms and convenient payment options. This centralized view allows you to quickly assess your account status and make informed decisions about your trades. Yes, PrimeXBT provides a demo account feature that allows you to practice trading with virtual funds before risking real money. The process of activating the Welcome Bonus is very simple. All too often, however, a futures trader will roll over their futures contract before the expiration date, meaning that they settle the difference on their existing contract, making either a profit or a loss, and immediately purchase the same position on a contract with a different expiry date. With this information, you will learn the best time to enter a position and the best time to exit a position. These crypto trading platforms offer more advanced trading tools than spot crypto exchanges, such as long and short positions. Receive the latest news and stay informed. Most of the funds that are held at PrimeXBT are kept in cold storage. Volet deposits are free, while Perfect Money charges a 1. To verify, log in to myAlpari on the exchange’s website, click on the Profile icon in the upper right corner. However, insurance coverage is still rare within the crypto industry. These tools make trading fast and efficient. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

We fight fake reviews

Simply open up your Zengo wallet app to check your updated balance, which should reflect the latest transaction once the funds arrive. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Circulating supply is 34974248103 ADA. We will take a look at whether Dogecoin is a good investment. To deposit Fiat currency USD, go to the Main page,. ” In the ensuing “New Order” dialog, select “Sell. Third Negative Funding Rate Reading for BNB Since 2023 Raises Concerns. Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3. Step 1: Visit PrimeXBT, Login to your PrimeXBT Account. How volatile a market is affects how quickly the price of assets can change, so be prepared. This provides them with influence over the future direction of Polygon. Varies on account type. Gracias por resaltar la rentabilidad de PrimeXBT y por recomendar a otros que consulten nuestras tarifas competitivas y condiciones comerciales. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Clicking this arrow will allow you to select which futures market you want to trade on. In addition to trading, PrimeXBT clients can utilize copytrading auto copying of trades to generate income effortlessly. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Echipa editorială de la PrimeXBT include specialiști de top în tranzacționare și finanțe digitale, dedicată furnizării de conținut educațional care îi ghidează pe utilizatori prin complexitățile tranzacționării și investițiilor online. As well as this, the exchange has a strong focus on privacy coins like Monero XMR. After all, we have seen massive swings in crypto, both higher and lower, and one would have to assume that it is still very possible. Speed and Performance. Thanks for subscribing. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market.

Leverage and Derivative Traders: Perfect Match

Withdrawal: Conditions not known, Contact PrimeXBT Support. As a result, the investment will often look to those countries to expand. Key features of the PrimeXBT trading platform include. However, according to the platform’s KYC page. Disclosure: We are reader supported. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. For a complete list of restricted regions, refer to Section 1. The core of any online service would have to be the customer support that you can expect to receive once you have signed up. For further information, updates, or to get support, you can visit the following links. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 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. This is why it’s crucial to understand the heightened risk of liquidation associated with margin trading. XRP also stands out for its energy efficiency. This reflects a cautious outlook, emphasizing short term market fluctuations and monitoring market trends for informed investment decisions. Due to the nonexistence of additional fees, traders experience comfortable trading conditions. When trading financial instruments such as forex, traders can expect overnight or swap fees to be applicable when positions are held for longer than one trading day. Market orders are orders to place a trade immediately for an asset at whatever the given market price is at that moment. The platform showcases top traders’ portfolios and returns, enhancing the trading experience. Human help when you need it. In terms of customer support, you have the industry standard options of the 24/7 live chat and email ticket system. Traders can compete, win prizes, and improve their skills. There is no minimum or maximum required withdrawal amount at PrimeXBT, but of course, the amount must be more than the withdrawal fee for the asset one wants to withdraw. Proven over an extended 477 day tenure, MOON CRYPTO reinforces its pedigree with a remarkable 351. We are collecting allthe data fromseveral exchanges to provide the most accurate price available. If the market price trends down instead, it can result in realized or unrealized losses. It has enhanced my trading experience significantly. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds.

Cryptocurrency Buy, Sell and Fiat Exchange

To start interacting with PrimeXBT, you need to open an account on the exchange. You can use the futures platform to monitor the markets and your existing positions, with the ability to adjust your Margin Type, Leverage, Stop Loss, and Take Profit levels. Today, bulls have pushed Bitcoin above the key 200 SMA and 65k resistance, lifting it to its highest level since August 1st. This includes stocks, currencies, indices, and commodities. When looking for such solutions, newbies might be curious: what is the best copy trading platform. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading. 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. The easiest way to get in contact with us directly is to reach out on Live Chat. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Our team of experts work to continually re evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Yes, most trading platforms allow you to set Stop Loss and Take Profit orders to manage risks and secure profits automatically. Prime XBT Trading Services, S. Current trade fees on margin Trading accounts 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. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. The withdrawal process on PrimeXBT typically takes between 24 to 48 hours.

Developers

The platform has a great payment process👏🏻. PrimeXBT also offers bonuses through its referral program. Primexbt offers leveraged trading with leverage up to 100 times the trader’s contribution. During its existence since 2018, PrimeXBT has established itself as a stable and reliable platform. A market cycle is a full bull market trend, followed by a bear market trend, which then repeats. While leverage can amplify profits, it also increases the risk of losses. Most digital exchanges offer dozens if not hundreds of crypto trading options for users to choose from. The cryptocurrency industry is a booming, new financial market surrounding emerging technologies. 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. PrimeXBT’s Covesting Copy Trading feature allows you to automatically replicate the trades of successful traders. 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. But, alas, all articles are still only available in English. PrimeXBT’s commitment to customer support and education ensures that users have access to the resources they need to succeed in trading. Our website uses cookies. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. PrimeXBT offers competitive trading fees for British traders, ensuring cost effective trading across all available platforms. Warning ⚡️: Trading leveraged futures products is incredibly risky. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Each pair consists of a base currency and a quote currency. PrimeXBT does not specify the segregation of client deposits, which are available only in Bitcoin.

Equal

Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. While margin trading does offer a significant amount of benefit, the reality is that the using of margin is something that should only be done cautiously, because when you amplify your position, it works both ways. Volet deposits are free, while Perfect Money charges a 1. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. PrimeXBT does not explicitly offer Islamic accounts. Read on to learn all the tricks of the cryptocurrency trade. If you need any assistance in the future, please don’t hesitate to reach out to our support team via live chat or email at. 001 BTC in your wallet. Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. For one, the popularity is due to the unfamiliar term catching the wind, and crypto investors curiosity being piqued as they read about the profits others are making off the new buzzword and trend. Whether you’re a seasoned trader or new to the Crypto space, PrimeXBT makes it easy to invest in POL ex MATIC, and gives you the tools to manage risks and explore growth opportunities. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. If you need to know how to register on PrimeXBT exchange, rest assured that the process is easy and accessible to almost anyone. Select which of these Cryptocurrency wallets you would like to access, and make a deposit. The required margin is different for each trade, so make sure your account is appropriately funded. Best regards,The PrimeXBT Team. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. Top Notch Brokerage Verification was fast Support respond almost instantly Withdrawals are processed in less than 5 minutes sometimes upto 20 minutes Very transparent bonuses and promotions i withdrawn 2 timesBut the CFD web interface need improvement. Most trading on OpenPeer takes place in USDT and it supports 100+ fiat currencies and payment methods. During testing, I received fast responses with a reasonable level of detail. Trusted by more than 20 million users in over 180 regions globally, OKX strives to provide an engaging platform that empowers every individual to explore the world of crypto. And in case of a strong price movement, the size of the fee will be almost imperceptible in relation to the potential profit from the trade. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. 🥳 We’re excited to celebrate the 9th Ethereum Birthday with a special giveaway where you can win a share of 1 ETH. And the Cryptocurrency Markets aren’t immune to this rule. The best overall PrimeXBT alternative is Zengo Wallet. In that scenario, if you were to use cash only, your loss would be $2000, or 20%.