PrimeXBT Reviews

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Investors commonly utilize the SandP 500 for passive investing through index funds and Exchange Traded Funds ETFs to gain exposure to a diversified portfolio of large cap US stocks. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Both PrimeXBT and BitSeven offer high leverage options, up to 100x on various assets. These products are not suitable for all investors. At BrokerChooser, we consider clarity and transparency as core values. For those traders who are more technical, they may prefer a broader range of order types and functionality. Receive the latest news and stay informed. The atmosphere and look of the exchange’s website did not suit me. This is why it is good to consider the future. The platform employs cold storage for the majority of funds and integrates two factor authentication for an additional layer of protection. I tested both versions and found that they offered a smooth trading experience without any significant compromises. We personally contact support using all available methods and present hypothetical problems that users might face. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Not aware of any recent 15% drop in prices. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Note ✍️: The financing fees are dynamic. Currency pairs, commodities, and indices are traded without commissions. What is OCO in trading. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors.

What is PrimeXBT and what does it offer?

Reply from PrimeXBT Copy Trading. Founded in 2018 and headquartered in South Africa, PrimeXBT provides more than 150 CFDs currency pairs, commodities, indices, and cryptocurrencies and crypto futures contracts. The best crypto exchange should support a wide range of assets, allowing you to diversify your portfolio. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. You can open an account and start trading with just your email address. PrimeXBT regularly runs exclusive promotions that give traders access to unique bonuses, reduced fees, and additional perks. Both operating protocols use proof of stake, offering another similarity. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. The file is verified secure by PrimeXBT. Date of experience: December 09, 2024. Since its launch in 2018, BitMart has quickly grown into a globally recognized exchange, serving over 5. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. These products are not suitable for all investors. The platform provides a variety of free deposit options for both crypto and fiat. The NASDAQ, a frequently repeated name when it comes to investing, is something that is often misunderstood.

A Better WayTo Trade

But how does it compare to other platforms in the market. Next, we will look at overnight financing fees, which apply to positions held open overnight. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. This leaves Volet and Perfect Money as the alternatives. 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. Keep in mind that each platform has its policies, and it’s always a good idea to check them before registering. If the MACD crosses upward, it could align with a breakout above the upper boundary of the symmetrical triangle. Online Marketer, Writer and Entrepreneur. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. Studying these materials could be an immersive learning experience for aspiring traders. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. PrimeXBT has a flat trading fee of 0. They will think your project is a cute hobby. Clients can access more than 100 tradable instruments at varied trading fees. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. The most conservative entries prevent losses, but only the most extreme moves will be traded. The broker does not interfere with trading, everything is always fast. However, professional traders usually understand major market forces and try to mitigate market risks as much as possible. From under $1, ETH rocketed to $1,400 per coin, only to fall by 94% to $80 each. Our human support team is here to help 24/7, in your language. Brokers operate multiple entities globally, but regulatory protections vary. 34500 = 60 point gain. Licenses and Registration. Tokenized tokens offer another opportunity to boost Ethereum’s value. PrimeXBT provides 24/7 customer support via live chat and inizia a fare trading email. Via the Main page, users can view. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. This method effectively measures the capability of customer support to assist both active traders and casual investors.

Verification Problems

PrimeXBT is registered in the Republic of the Marshall Islands and implements strong security measures, including two factor authentication and cold storage for digital assets, to enhance user safety. A graph of performance with sharp hikes and drops may look more interesting, but not so desirable when it comes to your investment. Also, you access an alternative deposit option which allows you to buy supported cryptocurrency using a Credit Card / SEPA transfers / Gift cards / Alternative Cryptocurrencies, and have it transferred to your PrimeXBT wallet. The FAQ page provides some legitimately useful information to help confused users navigate the Covesting platform. This method effectively measures the capability of customer support to assist both active traders and casual investors. Learn more in our best crypto wallets guide and best decentralized exchanges guide. Unfortunately for US investors, Changelly does not provide services in the United States. Vincent and the Grenadines and are currently in discussions to become more legitimate by moving to Switzerland and complying with regulation laws, though it is not clear when or if that will happen. YouHodler: BTC and Crypto Wallet. The price then spiked three times in late July, but has been unable to sustain any lasting gains above the $0. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. Once you’ve completed the missions, you’ll be able to claim only one of the four Welcome Bonuses. This essentially ensures that SEC can not appeal the initial July 13th decision made by U.

Entry is completely free

PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. Although it has been a significant commodity in the past, with major uses in electronics and jewellery, it is often considered a safe haven for investment due to several reasons. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Our clients love how fast and simple our sign up is. Traders begin shorting Bitcoin on PrimeXBT by conducting thorough analysis using PrimeXBT’s toolset. Two Factor Authentication 2FA adds an extra layer of security to your PrimeXBT account. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. To begin trading Forex on PrimeXBT, you’ll need to create an account. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Furthermore, traders should be aware that neglecting risk management practices like stop loss orders can worsen the situation. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This is what I discovered about the several entities operating under the PrimeXBT trade name. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. As a derivatives trading platform, PrimeXBT does not offer any spot markets. Unlimited for verified users. Also linking to articles containing referral links is not allowed. Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. It’s widely used by day traders interested in a stable crypto exchange for futures trading, especially thanks to the high leverage options and a decent amount of cryptocurrencies listed according to Denver, our crypto specialist. In terms of funding an account, there are no fees that are applied to inward payments. But things may start to look up for Dogecoin as it enters the next stage in its cycle. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage.

PrimeXBT Bonuses and Special Offers

All data is delayed by at least 15 minutes. A crypto affiliate program will take payments in cryptocurrency and the payouts will often follow this. Best regards,The PrimeXBT Team. It also trades from one place to another successfully. Partners can also earn up to $2,500 CPA per qualified client. Security Measures:Security is a top priority for PrimeXBT. It was the first to solve the double spend issue with a proof of work consensus algorithm and mining process. Com so we can address your specific issues. Primexbt in this regard suit me most, thanks for infrastructure. If the app is unavailable in your region, you can still access it through direct download from our site. Receive the latest news and stay informed. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. Additionally, users can access their transfer histories through individual wallets. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. PrimeXBT members enjoy exclusive discounts on various products and services, including up to 20% off select items and early access to special promotions. And although we would like it to only work in one direction, the one that benefits you, it unfortunately works in both directions. Short selling, on the other hand, allows you to profit from falling prices in the market.

Rate Your Primexbt Coupons Experience

The platform offers a multitude of advanced features, competitive fees, and robust security measures. Technical analysis is a methodology utilized to make sense of an asset’s anticipated long term value and growth prospects by examining chart patterns, trend lines, and other signals instead of statistics and data. Here is a look at the Bybit trading interface. Staying informed about market trends and news is crucial for making informed short selling decisions on PrimeXBT. Sign up with this link and then deposit the stipulated amount before the timer expires. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. Account replenishment. Anytime you try to predict the future price of an asset, it is fraught with difficulties. This ensures compliance with regulatory requirements and helps maintain a secure trading environment. If you provide a strategy for copying. 7 Things I Would Do If I’d Start Again PrimeXBT Trade. The first step in using PrimeXBT in the USA is to ensure you’re accessing the platform legally and in compliance with U. However, depositing or withdrawing fiat currency will require KYC identity verification. At PrimeXBT, we aim to provide prompt and effective support to ensure all your trading needs are met. Bybit does a fantastic job listing new and exciting project tokens quickly, often providing access to tokens quicker than many of the major exchanges. With the integration of TradingView charts, I find PrimeXBT WebTrader is powerful, versatile, and well suited for in depth technical analysis. Unfortunately, some of the information there seems to be out of date. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. Com may receive compensation from the brands or services mentioned on this website. For instance, funding fees for BTC on Binance and Bybit were both 0. The PrimeXBT WebTrader’s key features include. Cryptocurrency trading can be risky without paying attention to the trend, stop losses, and other important technical factors.

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Additionally, the broker does not charge handling fees for deposits or withdrawals or impose inactivity fees on dormant accounts. Zengo makes use of state of the art Multi Party Computation MPC technology, a robust Web3 firewall, and a smart recovery mechanism to make sure that your cryptocurrencies and NFTs are kept secure and in your control at all times. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. 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. Use the Crypto you buy to purchase goods or services at participating outlets. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. Where is Prime XBT based. The reason to trade via leverage is to increase profit potential. Resetting can often resolve these problems and improve the overall user experience on PrimeXBT. When debating Solana vs. Users can trade long or short, with margin. Lately, I hear more often that someone is trading on this platform or opened trading account. However, Polkadot is already behind the scenes addressing scalability for more slots. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Thus, copying trades in PrimeXBT gives customers the opportunity not only to earn on cryptocurrencies without spending time on trading, but also to get additional benefits from it. Returns may be subject to tax. The amount deposited will be maintained in your account. Technical Analysis is a type of financial examination that aims to predict future price movements based on past market data, primarily using charts. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Scan this code to download app.

Futures Fees

Deposits in BTC only. This can be especially painful when trading on margin, as every price movement gets amplified by the leverage. While the COV token was initially intended to be exclusive to Covesting’s exchange, it listed on multiple exchanges shortly after its launch. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. This is typically done by longer term traders who are looking to mitigate drawdowns in their portfolio of companies they plan on owning for the long term. Check out our Help Center. It is of my opinion, and the 10 million users on Bybit, that Bybit is a great exchange. Here’s how to join PrimeXBT. 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. In short selling, if the market rises, it is the short seller who loses. Typically, at the time of entry, stop losses are placed away from the entry price, so if triggered, some losses will still result. “my favorite platform” mohammed daas. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. In design Primexbt clearly wins as it is much pleasant for the eye and much more intuitive and customisable than that of Bitmex. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. We are happy to announce that our PrimeXBT platform usage video tutorials are up and running. The Financial Commission’s role as a securities investor protection corporation, is to help traders come to an agreement with brokers or trading platforms they may have issues with. You do not have to trade a standard lot. Detailed information regarding fees can be found here. Submitting the correct identification documents is a crucial step in the KYC process on PrimeXBT. Energy Commodities include primarily Natural Gas and Crude Oil. They do this by halving the amount of BTC awarded to miners for every block of validated transactions added to the blockchain. Here is a look at the margin requirements for some of the 51 forex pairs available.

Diego Sanchez

Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. The PrimeXBT exchange is an international platform for trading cryptocurrencies, tokenized assets, stock indices, and currency pairs. The SEC’s intention to establish itself as the primary regulator for the sector is evident, with its action against Ripple marking the initial phase towards categorising all tokens as securities. Unfortunately, futures markets are not as flexible as CFD markets because they are standardized contracts. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. With only around 40 cryptocurrencies supported, they have the majors covered like BTC, ETH, LTC, XRP, DOT and more. How volatile a market is affects how quickly the price of assets can change, so be prepared. Within a short period of time, PrimeXBT has grown exponentially and currently provides its services to clients in over 150 countries. We reserve the right at any time to conduct a verification of a client’s identity or source of funds, known as Customer Due Diligence CDD, to ensure that PrimeXBT services are not abused and the user does not violate AML requirements.

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The platform provides advanced trading tools and an interface that appeals to experienced traders. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Yes, PrimeXBT employs advanced security measures to protect user data and funds. Currently it is attempting a break out above the 199 Resistance. Information regarding past performance is not a reliable indicator of future performance. Whether you believe in the Bitcoin story and want to invest in the coin depends on your personal preferences and risk tolerance levels. 4% in the last 24 hours. At PrimeXBT we provide our users with advanced trading options to access investment products, such as POL ex MATIC. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Copy trading is a fairly new addition to the Bybit platform and it saw a warm welcome from many of the users on the platform, quickly becoming a widely utilized and popular copy trading platform. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Best deals I’ve everr seen on any broker. Dear Mustafa,We’re thrilled to hear that our blog and price prediction tools are valuable resources for managing your trading effectively. Besides this incident, there have been many smaller incidents which resulted in short term downwards spikes in cryptocurrency prices, as well as several thousand of coins stolen. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. PrimeXBT does not accept customers from countries such as: Japan, Canada, Cuba, United States, Israel, New Zealand, Syria, Iran, North Korea, Sudan, American Samoa, Russia, Myanmar, Outer Small Islands of the United States, St. $2,000 by bank card. While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. 2024 could be a crucial year for Ethereum and crypto in general. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Still finding PrimeXBT too complicated. With PrimeXBT Copy Trading, just follow experts and copy their trades to start your trading journey.

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Why PAYEER Alternatives to PrimeXBT. Leverage, margin, and trading with leverage explained here. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Just remember that you’ll probably have to use a third party payment service if you want to deposit with these traditional payment methods. However, given the evolving nature of financial markets, PrimeXBT may consider adding NFTs in the future based on market demand and regulatory considerations. PrimeXBT is registered in the Republic of the Marshall Islands and implements strong security measures, including two factor authentication and cold storage for digital assets, to enhance user safety. Here’s a simplified example of how leverage translates to Crypto trading. A trade on the GBP/USD CFD contract has a margin requirement of 0. Let’s quickly cover a high level overview of the products on PrimeXBT. Scan the QR code with your device’s camera and get APK file. While the price of Polygon cannot be known, many experts believe that by 2025, MATIC could reach as high as $1. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. For instance, minimizing overnight financing charges by closing positions within the same trading day can reduce your expenses. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.

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While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Aside from being able to trade multiple asset classes on a high performance trading engine and interface, being able to compete in trading contests without risking your own capital is an awesome feature which I am sure will only increase the popularity of the platform. Upload an image up to 4 max and ensure it’s a JPG or PNG file under 2MB. We’re thrilled to hear that you’re enjoying the flexibility and ease of trading with us, especially during the busy start of year rush. We may receive a commission for purchases made through these links. The broker primarily earns through spreads and overnight financing fees swap fees. These include fan lines, Fibonacci, retracements, and other trend lines. Tokens are tradable on cryptocurrency exchanges as well. Dear Andile,Thank you for sharing your excitement with us. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners.

Web3 Explorer

Some products and/or services might not be covered by the Compensation Fund. In the next section, we will provide tips for selecting the right strategy manager. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES. Things are looking up for this strategy. Next, we will look at overnight financing fees, which apply to positions held open overnight. There are also a number of trading products, like XRP futures contracts that allow for shorting and leveraging that make this one of the best ways to invest in XRP. We’re always here to help. Returns or profits may be subject to capital gains tax. Utilising its own Cryptocurrency, Ripple XRP, the network offers near instant cross border transactions. In this scenario, a 10% price increase would yield a $500 profit. By utilizing Bitfury’s Crystal, PrimeXBT can effectively spot and quarantine any cryptocurrencies tied to bad actors such as hackers or terrorists, or that were involved in a crime such as money laundering. Plus, unrealized profits and losses directly impact your free margin, which can eventually lead to a margin call if your free margin falls below a certain threshold.