◾️ What is PrimeXBT?

Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. PrimeXBT, unlike many other brokers, doesn’t require users to divulge confidential data that allows identifying the client’s identity. While they don’t offer nearly as many earn products as Binance, they have a lot more on offer than much of the competition out there. I using leverage x50 here, dangerous but it’s fine. 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. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. The latter will not apply if you enter and exit the position within the day. We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. This leaves the trader with a smaller loss of say 20–30% of the margin, instead of a complete loss of all the asset. You can also get up to a $1000 futures trading reward as a free crypto sign up bonus. 🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. Over the last couple of years, Solana has captured the imagination of traders around the world. During testing, I received fast responses with a reasonable level of detail. Scan this code to download app. There is no minimum or maximum required withdrawal amount. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking.

PrimeXBT Countries

I reviewed PrimeXBT’s legal documents and found that everything was in order. 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. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Our predictions are based on a careful analysis of market trends, historical data, and the overall cryptocurrency landscape. Let’s start with discussing the amount of leverage you can engage with. This way, users can access more markets and diversify their investments from the same dashboard without jumping between different trading apps. To access it, navigate to ‘Hub’ and select ‘Referral Program. Com coupons can vary. PrimeXBT primarily accepts deposits and withdrawals in Bitcoin. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Also Read => VeChain Price Projection for 2022 2030. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

◾️Where do you get your prices for currencies?

The disadvantage is that isolated margin has a https://primexbt-invest.com/copy-trading/ higher liquidation risk. Benefit from 0% fees when trading CFDs on Indices, Commodities and Forex. 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. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Last updated 3 months ago. The platform offers a very limited range of crypto futures markets and conditional orders. Benefit from spreads as low as 0. Sign up with this link and then deposit the stipulated amount before the timer expires. For instance, funding fees for BTC on Binance and Bybit were both 0. The EUR/USD pair is a popular currency pair to trade in the. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Furthermore, Binance offers far more altcoin denominated pairs like TRX/XRP and SHIB/DOGE. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. Margin trading both amplifies profitability during large price swings and allows traders to squeeze profit out of even the smallest price movements, especially helpful during sideways trading environments. Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. Mikhail Vnuchkov joined Traders Union as an author in 2020. Some have dedicated apps, others use a Telegram channel or a Discord group. The app connects users directly to the markets, making trading smooth. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. You’re all set to explore the platform and start trading. Read next: Can the IRS track my crypto in 2024. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. PrimeXBT Trading Services, S. Scan this code to download app. 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. We’re thrilled to hear that our platform meets your trading needs. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Learn more about how the COV utility token works and why buy it from our official website.

Featured research

For this reason, when you want to take advantage of an opportunity that is available on a certain exchange, you have to transfer your assets to that platform. 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. Some products and/or services might not be covered by the Compensation Fund. During the month of October, we are giving 10 traders a scarily generous $1000 trading bonus. Acquiring the skill of trading in the Forex market broadens the horizon for traders as it offers the chance to. The content is written in an easy to understand language without intentionally misleading language. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. PrimeXBT will send an e mail with a verification link, which concludes the account registration. Analysing the past market data is known as technical analysis. PrimeXBT also has trading limits. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. Update:After waiting several months for an update, once again disappointed at the lack of attention to trader tools. Leveraged Trading on PrimeXBTUnderstanding Leverage and Its Impact on Your SandP 500 Investments. 6823 as crypto prices rose, then pulled back to $0. The best coin for margin trading pretty much depends on your experience level and trading plan. Think of it like having multiple locks on your front door to keep out any unwanted guests. Keep an eye on the platform and its social media channels to stay updated on the latest offers and take advantage of these special deals to maximize your trading potential. Best of luck with your ongoing trade—let’s indeed make the most of these opportunities.

Making Your First Trade

51 mid way through December 2017. This is why many different exchange platforms offer it to their communities, and why there are several exchanges that exist solely to work with futures. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. In his current role, Mr. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. 17 cents at 10k Sats and in 6 months, I cash out at. I can’t say enough about PrimeXBT’s support team. The analytics are pretty nice here, if you also trade the signal on top of some additional proof like patterns and all that, the odds would be super high. Neither PrimeXBT nor OKX dares to be exceptions. One remark please add a general bright color scheme because changing colours of everything one by one is a bit uncomfortable. Companies can ask for reviews via automatic invitations. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. As a result, I found that PrimeXBT’s educational content lacks coherence, structure, and objectivity. For the Pros 👨‍💻: You can enable «one click» ordering if time is of the essence with the trade. So, why engage in trading with them. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Then, creators can regularly share valuable content, engage with followers, and promote referral links strategically. However, losses are also magnified in a declining market. We strive to provide content that enriches our traders’ knowledge and enhances their trading strategies. In the next section of this PrimeXBT review, we will look at the key features of the platform. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. It can be even more lucrative when trading BTC for altcoins and not just BTC to fiat pairs. Information regarding past performance is not a reliable indicator of future performance.

The basics of Ethereum

Join the top earning club. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. The MAIN way I trade here is through competition though. After all, it only acts as collateral for the funds borrowed from your broker. Gold, silver, natural gas, and other assets make up this area of CFD markets. We know you’re busy, but you still need to stay on top of your trading. This is a good opportunity not only to test your knowledge and skills, but also to win bonuses funds that can be used in real crypto trading. Vincent and the Grenadines. As soon as we have accurate deadlines, we will promptly update the information on this page. However, their approaches to security and regulation differ. Leveraged positions can be extraordinarily profitable, or can be extraordinarily damaging, if not managed properly. Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. Leverage determines a trader’s overall market exposure. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. This bonus helps traders minimize the cost of holding positions and executing trades, potentially increasing their overall profitability. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. 01%, while on PrimeXBT, they were consistently over 0. This fee is for borrowing funds to ensure fair pricing in the market and to align the value of the futures with the price of the underlying asset. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free.

Where can I check my login history?

It is designed to appeal to both high frequency traders and those making occasional trades. However, the absence of custom price alerts was a notable drawback. What is Discounted Cash Flow DCF. Traders can decide to try to benefit from a commodity move via the stock market, however, this brings more operational risk. This site contains affiliate links to products/services. In accordance with our Terms and Conditions, certain products, services, or promotions may be restricted or unavailable in specific jurisdictions. CoinCodeCap offers Telegram Crypto signals, which is the most popular method within the community. 05%, significantly lower than many comparable Contracts for Difference CFDs brokers. Only for verified users.

Restricted Jurisdictions

Users can also buy Bitcoin directly from within the account dashboard and begin trading one of over 50+ different trading instruments all under one roof. The web based platform features a user friendly and interactive layout and also comes with a community chat, making it a stand out choice for beginners. Returns may be subject to tax. The exchange recently released its tiered fee structure for those traders who do a considerable amount of volume on the platform. Her answers were timely and well informed. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Direct Crypto deposits from your personal crypto wallets to your PrimeXBT wallets. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. This means that traders can use the platform without undergoing identity verification processes. PrimeXBT takes pride in offering this feature as part of its unique selling proposition. There is no minimum deposit required to open a margin trading account at PrimeXBT. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Understand your risk tolerance and capital allocation. Recognisingthe burden of high financing fees, PrimeXBT has taken the pioneering step ofsignificantly reducing its overnight financing fees across Forex and CFDs. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. Step 3: Navigating Dual Sign OnUsers face a dual sign on process after setting up an account with Coinify: two separate logins are needed for the same URL — one for PrimeXBT and another for Coinify. However, this shift of attention away from Bitcoin and towards altcoins doesn’t necessarily mean that Bitcoin won’t rise above 100k. By far the best exchange site and very reliable for buying and selling of cryptocurrencies. If you use this specific link you will get a very valuable FREE bonus if you meet the deposit requirements. Separately, under its covesting module, PrimeXBT offers a «staking» option but it is NOT interest earning. To deposit on PrimeXBT, log in to your account and go to the «Deposit» tab. The secure PrimeXBT back office handles all financial transactions for verified clients. I also tested the fiat withdrawal process, using Volet. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit.

Risk warning

As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. The support team is amazing , I recently had an issue and they responsed and fixed it immediately. These additional protective barriers diminish the risk of complete account wipeouts. For more information, please see our Cookie Notice and our Privacy Policy. The EUR/USD pair is a popular currency pair to trade in the. In particular, crypto traders can utilize a maximum BTCUSD leverage of 1:200. Virtual Assets are high risk products, highly volatile, with fluctuating values. Io feature is another big plus. Disclaimer: The information found on NewsBTC is for educational purposesonly. XRP Whale Activity Hits Four Year Low: What Does It Mean for Traders. This means that users can relax without worrying about their passwords and data being breached by hackers. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Below are a few more things to consider. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Their trades will then be replicated in your account. PrimeXBT supports multi asset accounts where clients can buy or deposit, trade, and earn in their choice of Crypto and fiat currency options, including BTC, ETH, USDT, USDC, and USD. The next step in trading Bitcoin is to have a well defined, written trading plan. A trading fee is incurred any time a position is opened or closed as a percentage of the transaction amount as shown below. At PrimeXBT, we’re turning up the heat during the Euro 2024 tournament with an exclusive giveaway that could see you. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. Any withdrawal requested after 12:00 UTC will be processed on the next day. Seek independent advice if you have questions or do not fully understand the risks. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. PrimeXBT support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. Among the days in June, June 10 saw the highest number of wallets added, with 3,979 new ADA wallets joining the network. Cardano distinguishes itself further by employing the Ouroboros proof of stake PoS consensus process. Common Alternatives of Chipper Cash and PrimeXBT. Bitcoin and 5 altcoins can be traded against the US Dollar or USDT in the case of Bitcoin and Ether.

Bitfinex Moves Derivatives to El Salvador After Winning Digital Asset License

The main difference is a decreased block generation time of just 2. This is why many different exchange platforms offer it to their communities, and why there are several exchanges that exist solely to work with futures. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income. 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. The support service in PrimeXBT is built quite thoughtfully. Yes, the PrimeXBT app is secure. 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. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. 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. Leverage allows traders to control larger positions with a smaller amount of capital, potentially amplifying profits. This leaves Volet and Perfect Money as the alternatives. Trading crypto in the USA provides a regulated and stable environment, but it’s important to consider the higher costs, restrictions, and tax implications when developing your trading strategy. While short selling presents a way to hedge against risk, it also comes with risks of its own. The Forex markets also offer a lot of additional benefits such as interest being earned, 24 hour market access, and large amounts of liquidity. It is like anything else in trading, if you have a reasonable strategy that has a positive expectancy, short selling can be very worthwhile. If you have multiple bonuses available, only the highest or most relevant bonus will apply. PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. You can view detailed information about your open positions, monitor your portfolio’s performance, and make adjustments as needed. In addition to providing identity verification documentation, the credit or debit card information you would like to use must be entered. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. These resources cover a range of topics, from basic trading principles to advanced strategies. In a world where data privacy and security are non negotiable, every user deserves an exchange that respects their rights, values their privacy, and ensures that compliance extends to all aspects of their operations. A demo account is also called a practice account. The PrimeXBT WebTrader’s key features include. This is impressively fast and means that traders are less likely to experience slippage. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. They also vary depending on the asset being traded and the leverage used. In terms of security, the safety of our client’s assets always comes first. If you travel to any of these countries, you recognise that certain or all of our services may not be accessible and/or restricted while you are there.

Binance Black Friday Deal

The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. I thought I was safe. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. » When a trader uses the term «futures contract» they are typically talking about a particular asset, «I bought bitcoin futures contracts. To understand the value proposition that each one of these coins offers, you need to understand some of the critical differences between Solana and Ethereum. Furthermore, traders should be aware that neglecting risk management practices like stop loss orders can worsen the situation. A lot will depend on how the market behaves going forward. 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. So ZIGDAOs model more closely resembles copy trading, than other providers that create and share their crypto signals for a price. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Exchange your Crypto for Fiat currency and withdraw it to your bank account. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading.

Open free account

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs. Profit from the markets by following the experts. They only have two types of fees, and these are the trade fee and the overnight fee. Finally, PrimeXBT also runs a pretty unique medium blog. It’s all treat without. Best regards,The PrimeXBT Team. You can close your running positions on PrimeXBT using either a market or limit order. I was like, its over dudes, need to short. 1 pips and ultra fast execution, it’s like trading on a dream platform. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. I liked the platform but I couldn’t get it to work all the time, which could be a deal breaker if it’s not addressed quickly. At PrimeXBT, we’re committed to providing a straightforward and efficient trading experience, and we’re glad it’s working well for you. The price of Shiba Inu has been all over the place in its history. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews articles and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. These are hosted on AWS web servers which are known to be one of the best in the industry. We are very happy to announce that Matthew Hayward will be stepping in as our new Senior Market Analyst and.

Worse

For more details on the listing tiers, please refer to Listings Review Criteria Section B 3. If you have any questions or need further clarification on anything, feel free to reach out to. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Please note that PrimeXBT reserves the right to initiate KYC verification procedure in certain situations. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. With Copy Trading for beginners and advanced margin trading tools for the experts, there’s something for everyone. Transactions typically happen directly on PrimeXBT’s site or via trusted partner platforms. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. During testing, I received fast responses with a reasonable level of detail. As with the Covesting Module, the Covesting platform lets you automatically copy and execute the trades of professional cryptocurrency traders. Date of experience: July 28, 2019. Scan this code to download app. Established in 2015, Changelly’s prominent feature is its speed. It takes just a few minutes to get started.