Profit from the markets no matter your experience

The exchange offers two types of fees: trade fee and overnight fee. There are many cryptocurrencies available. Do you need special creatives or an article in your native language. The platform lacks niche tokens or memecoins and does not have a launchpad or PrimeXBT.com new project area, making it unsuitable for traders who want to trade the latest tokens. Click the submit button, and PrimeXBT will review your application. 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. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes.

Brief Overview

Only for verified users. PrimeXBT offers a wide variety of assets, making crypto asset diversity a key feature. Forexlive has no control of the contents of this page, nor is responsible for its accuracy or legality and hereby waives any responsibility for this content. Leveraged trading, while offering substantial profit potential, also carries significant risks. Prohibited activities include, but are not limited to. KYC, or “know your customer” account verification. My experience with PrimeXBT’s customer support was mixed. 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. On a сross margin, leverage on Bitcoin is available up to 1:200, and on an isolated margin of 1:100 it is very cool. I like the fact that these guys focus not only on providing classical mediating services, but also o nexchanging crypto, you can buy btc, eth, usdt, usdc whatever you want. There is charting, easy order execution, and account management. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Here is a look at the margin requirements for some of the 51 forex pairs available. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. The platform features extensive learning materials via an always on Help Center, and provides 24/7 customer support via live chat. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. No deposit bonus still available. When customers navigate to the copy trading area of the platform they will be presented with a long list of traders, their trading performance for the past 24 hours, and their longer term performance. Finally, PrimeXBT also runs a pretty unique medium blog. For example, if a trader has a balance of $10,000, they will want to not risk more than US$500. The company does accept only participants. For the trading fees, what you pay depends on your trading levels, as there are 10 levels based on your monthly trading volumes. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. Once a withdrawal has been requested, users will have to wait for the PrimeXBT team to process it as withdrawals are manually processed. Advantages and disadvantages of PrimeXBT. A liquidation occurs when a broker must sell all open positions in order to cover the outstanding margin balance with whatever collateral has been deposited. Trading cryptocurrencies can be especially lucrative compared to buying and holding, providing more opportunities to generate ROI from each of the crypto market’s signature price swings. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Trade execution speeds are a key feature.

Customer support on PrimeXBT

PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Use of this site constitutes acceptance of our Terms of Service. Cardano potential is still extremely high, if not higher than before, making future Cardano’s price horizon seem very promising. It’ll literally only take you a couple of minutes to get started and you can earn 20% profit share on your followers wins. The trading of leverage offers a lot of opportunities but is to be used professionally. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Bybit, headquartered in Dubai, caters to experienced traders around the world, excluding the US, and is renowned for providing impressive leverage of up to 100x. If the app is unavailable in your region, you can still access it through direct download from our site. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. 20 x 60 = $ 1200 profit. It will also give you the tools to sharpen the skills of a professional. Traders use stop orders to limit potential losses by exciting positions if the market moves against them. Starting your affiliate adventure is easy with the PrimeXBT Affiliate Program. Next, we will summarize the key points discussed in this article. We aren’t liable for indirect, incidental, consequential, or punitive damages related to the Website or Services. The action of investors is recorded on the blockchain. This makes it a versatile choice for traders seeking diverse opportunities. They wish to hide proceeds from creditors, employees, or spouses. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Here you can find additional information on how to trade futures products. Some countries may be excluded due to regulatory issues. This way you can purchase Bitcoin with your credit card or wire and then deposit it directly into your PrimeXBT account. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money.

How many PrimeXBT users are there?

PrimeXBT copy trading is a key feature. By investing in continuous learning and self improvement, investors can enhance their investment skills and achieve long term success on PrimeXBT. Each will act a bit differently and will have different volatility characteristics. Successful traders know why they are getting into the market, and when it is time to get out. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. PrimeXBT complies with five regulators. Assuming you are cross margin trading, but realising that you are using isolated margin mode as your trades close due to margin stop out, can be catastrophic. This can amplify potential returns, though it also increases risk. 009 btc to claim bonus so it a deposit bonus not a no deposit bonus. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Additionally, you can choose to receive email notifications for logins and liquidations. Limited educational resources. Unlike Bybit, which leverages Tradingview, PrimeXBT developed their own trading technology and interface that is robust and has plenty of features, with over 50 tools and indicators available for traders to access.

You should know

$20,000 or equivalent for unverified users. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. Look out for any signs of instability, such as withdrawal delays or frequent website downtime, which can be early warnings of issues. Select it in the drop down menu above and click “Compare Now”. If you have any questions or need further assistance, please feel free to reach out to us at. Fees which traders should take into consideration are. PrimeXBT offers traders a unique chance to combine the thrill of trading with the excitement of travel. “Additionally, a number of new cryptographic primitives will be provided, and script validation processes will further see adjustments and optimisations contributing to consistency in block propagation times and higher transaction processing rates,” IOHK said. Subscription request. Every investor has a unique approach and priorities when selecting a crypto exchange, so it’s crucial to understand your own goals and requirements. It ensures the security and integrity of the platform. Crypto wallets can be paper, digital or physical. Best regards,The PrimeXBT Team. The absence of major incidents and negative feedback speaks in favor of the exchange’s serious approach to the security of user funds and data. In the Cryptocurrency Service category. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Collaborations with real world use cases may strengthen Cardano’s reputation and raise the likelihood of broad adoption.

How to margin trade on PrimeXBT?

They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. So not only are you taking advantage of lower previous prices, but you are also profiting from them as the prices climb. 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. Here are the most important ways the two assets differ, as well as in which ways they resemble one another. 18+ and Gambling: Online gambling rules vary by country; please follow them. Investing in PrimeXBT offers a unique opportunity to engage with a wide range of financial instruments, including cryptocurrencies, forex, commodities, and indices. I thought I was safe. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. However, depositing fiat currency requires KYC verification. Benefit from zero commission and spreads as low as 0. Ultimately, any of these platforms could be a good fit, but we recommend OneSafe for its all encompassing financial solutions. This platform has some regulations not from very hefty organizations, but I read information about them and they are quite reliable. Adding assets like the SandP 500, Oil, Gold, or EUR/USD provides portfolio diversification to complement Crypto holdings. PrimeXBT offers seamless user experience UX. The platform is designed to provide industry leading trading conditions and innovative tools, making it easier for both new and experienced traders to engage with a wide range of investment opportunities. That being said, individual traders do not have the means to trade in that manner, as to trade on the Interbank market itself requires millions of dollars. This section provides an overview of PrimeXBT, highlighting its key features and benefits. PrimeXBT is not currently available in the U. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.

Did Dogecoin reach $1 00?

It takes just a few minutes to get started. Unlike most exchanges today, KYC verification is optional on PrimeXBT. ” This means that if the market moves against the trader’s position and maximum price reaches the stop price, the stop order becomes a market order, leading to the execution of the trade. Cryptocurrency withdrawals may also involve network fees in addition to the platform’s withdrawal fee. Non combinable Bonuses: Bonuses such as deposit bonuses or fee reduction bonuses cannot usually be combined. You decide that it is time to collect your profits, as price hits your take profit limit order at 31,250. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. 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. It makes sure all trades on PrimeXBT are real and safe. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. These fees cover the transaction costs associated with processing the withdrawal on the blockchain network. 22% change over the current price. Benefits include up to 100% discounts on membership fees and up to 30% off trading fees. However, it’s important to be aware that this review process can result in a delay of the withdrawal process as the request is thoroughly checked before approval. See if you can spot them. Returns or profits may be subject to capital gains tax. Security is key for PrimeXBT and its competitors like OKX. I love being able to trade crypto, forex, and commodities all in one place. Discounts vary by member level, so check your account for personalized offers. 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. Mandatory Bitcoin whitelisting feature that limits client withdrawals to only one wallet address.

Risk warning

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. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Information regarding past performance is not a reliable indicator of future performance. Please adhere to our Community Policy for writing reviews. While simplicity is the pro, there is a lack of indicators and drawing tools that will turn off some traders. Best regards,The PrimeXBT Team. If the USD/JPY pair moves from 114. As mentioned above, LINK’s market cap is an impressive 8 Billion U. Yes, PrimeXBT and similar platforms often provide API access that allows you to connect your trading account to custom trading solutions, automate trading, or integrate third party tools and analytics.

Bybit Cyber Monday Offer

Copy trading is a great tool for a lot of users with any level of experience. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Select the ‘Deposit Crypto’ option. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. As we move through 2024, many analysts and investors are keenly watching Solana’s price trajectory, considering its potential to revisit or even surpass its previous highs. All transactions are processed quickly, but withdrawal times may vary depending on the method used. The cryptocurrency market is known for its volatility, and XRP is no exception. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. PrimeXBT actually lets you buy cryptocurrencies outright. Hey there, curious investor. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. However, it is a stretch to think it will be the most valuable cryptocurrency any time soon. PrimeXBT bonus for United Kingdom are promotional offers that provide traders with various benefits, such as fee discounts, deposit bonuses, or additional trading funds. I may have to take things to a different platform if this applies to when I actually trade the size I want to. No, PrimeXBT does not charge an additional fee for the manual review of a withdrawal request that triggers a suspicious activity alert. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. Multi level security system, address whitelisting, + 24/7 support service. CFD and FX feed come from a partner company feed aggregator which sources liquidity from multiple providers such as prime brokers, banks etc. Information regarding past performance is not a reliable indicator of future performance. When positions are held overnight, swap fees are incurred.

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PrimeXBT’s focus on functionality makes it ideal for traders who require advanced tools and features to implement their strategies. Everything works well as long as crypto platforms are used as exchanges. Please note, some markets may only be available via CFDs or other derivatives. It is important to review the withdrawal fees before making a withdrawal request to understand the costs involved. 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. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. Cryptocurrencies with a high supply tend to have lower prices. These are supported on both iOS and Android devices. The broker does not interfere with trading, everything is always fast. These are hosted on AWS web servers which are known to be one of the best in the industry. Acceptable Crypto Currencies. No, you don’t need to complete KYC to use the PrimeXBT platform, and non verified accounts can withdraw up to $20,000 in cryptocurrencies in a 24 hour period. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. This was roughly at the same time that Bitcoin broke the $60,000 barrier, but since then has seen very little in the way of bullish price action. Unlimited via Perfect Money. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. Channels for Customer Support. When it comes to buying and selling, you can only make money if prices are growing. The PrimeXBT summary also highlights its competitive fees. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. The company does accept only participants. But, it’s important to know it doesn’t work in the US and UK.