What is PrimeXBT?

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. Warn notifications are used when PrimeXBT is undergoing anon critical issue like minor service issues, performance degradation,non core bugs, capacity issues, or problems affecting a small number ofusers. Encryption plays a crucial role in protecting the privacy of traders’ financial and personal information. Around 2 weeks prior to Labor Day, PrimeXBT initiates its Labor Day sales on primexbt. Here are some key strengths and innovations associated with Chainlink. This minimized my losses and still only cost PrimeXBT limited 0. They believe that the momentum will start to pick up in 2025, as Ripple could be somewhere near $4 at that point. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The current Toncoin developers have promised a long list of privacy focused features, including VPNs, DNSs and ways that allow users to buy Toncoin, sell it, or store it in a secure and anonymous way. Review your account for any unauthorized trades or withdrawals and request a hold on further transactions until the issue is resolved. Local Payment Methods on PrimeXBT offer traders from various regions the convenience and efficiency of funding their trading accounts using familiar, localized banking options. PrimeXBT overnight fees, also known as swap fees or rollover fees, are charges incurred for holding leveraged positions overnight. 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. The margin options are flexible and useful.

PrimeXBT Review

After all, not all trades are profitable, so you need to realize when it’s important to “cut your losses. Users can open accounts, deposit crypto, and start trading with just an email address. For over a decade, the Cryptocurrency market was struggling to find its place in the financial world. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. CoinEx also offers a wide range of perpetual futures markets. Find out more about how we test. They serve as a testament to the platform’s dedication, not just to providing a wide range of trading tools, but also to ensuring its users are shielded from the harshest repercussions of extreme market volatility. Thanks to its global accessibility, it can be used in over 150 countries and is a registered company in the Republic of Seychelles. Fast forwarding to 2027, our expert opinion holds the price trajectory of ADA stable. If you have any questions or need guidance, our support team is here to help at. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. 40 per token, with prices settling down around the $0. Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide. We personally contact support using all available methods and present hypothetical problems that users might face. There is no minimum deposit to open a PrimeXBT account. Dear Jake,Thank you for your feedback and review. PrimeXBT supports the deposit and withdrawal of Fiat currency USD, via Advcash and Perfect Money. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. Because Ripple could potentially become the new standard across so many industries. This is not something that we have seen on other charting packages developed by an exchange. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. No matter what your other crypto trading needs may be, we’ve got you covered. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. So how can Ripple Labs and XRP compete. However, the platform didn’t launch its trading services until early 2019. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. For example, you could say that if Bitcoin drops below $20,000, you wish to exit the market. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. 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.

Ready to put your insights into action?

Our website uses cookies. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. In the next section, we will discuss how to restore your data and settings after completing the reset. They offer a wide range of assets to trade and very quick trades. $2,000 by bank card. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. Bybit offers one type of main account for traders that provides access to all the features and functions of the platform. Prime XBT is an excellent web site for exchange and doing crypto. While it can be tempting to use a VPN to get around this, your account may be suspended if you’re found to be breaking Bybit’s user terms and conditions. Buying on margin involves the borrowing of money from your broker to put a bigger position on. The market could go higher, and quite a bit.

Trading Test

Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. Thank you for choosing PrimeXBT. The margin options are flexible and useful. 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. The highest possible leverage is automatically applied when opening a position, and you can control it by selecting the size of the position. The process to claim this bonus is simple. This update includes:— Added support for Russian language— Profile synchronization on select languages for communications— Home Screen updates and optimisations — New and Modify Order form updates and optimisations — Addition of full screen price chart feature. This is fantastic news for all types of traders, from day traders all the way up to those who hold very long positions. PrimeXBT places a high emphasis on security. We may include partnership links, but they don’t affect our ratings or recommendations. A long position is an entry expecting the price of an asset to go up. OKEx: OKEx is yet another popular and reliable exchange with a powerful API. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. It’s XLM price prediction is a bit ridiculous, but you also must understand that at one point in time, people thought the same about BTC going over $100 as well. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. In fact it crossed it twice in 3 days, which is something we haven’t seen. And it has already changed actually. 6 days ago Dan Mitchell. PrimeXBT offers competitive trading fees, charging a low 0. Throughout my testing, the app performed smoothly without any bugs or glitches. It is direct liquidity, and ETH is amazing in that, ever since they transitioned to PoS. Tony Severino ist technischer Analyst, Content Produzent und Händler bei PrimeXBT und bringt über 15 Jahre Erfahrung in den Online Medien mit. When you arrive on their page, you will find a comprehensive educational resource that any interested customers can make use of. Any payments by Traders Union TradersUnion. Provisional Virtual Assets License: Dubai Virtual Assets Regulatory Authority. This means that the more coins a person holds the more impact and effect they have on the network. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin.

How long can I keep a position open?

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. 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. Prime XBT supports over 110 trading instruments, across various types, including Cryptocurrencies, Forex, Indices, and Commodities. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. You have crypto rewards waiting to be collected. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. These products are not suitable for all investors. PrimeXBT wallets are multifunctional. As your volume increases, these fees can plummet to as low as 0. Dear Hieu,Thank you for your high praise and for sharing your positive experience with PrimeXBT. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. 0005 BTC for Bitcoin withdrawals. Following real traders you’ve actually conversed and developed a relationship with can inspire extra confidence in their human competence, not just algorithms. PrimeXBT is generally considered to be a safe exchange. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Additionally, in isolated margin mode, the funds in a trading account allocated to margin can not be used to trade with until positions are closed. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Their fees are typically less than $2. Our website uses cookies. Learn what they are, and how you can use the PrimeXBT token yourself. Remember: don’t invest more than you’re willing to lose and happy trading. You can open an account and start trading with just your email address. 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.

Minimum payout

They have an amazing live support team that is available 24/7 as well. For additional inquiries, you can contact their team at. Today is intended for informational purposes only. Crypto Deposits: PrimeXBT offers free crypto deposits. Enjoy real time prices, technical indicators, drawing tools, without the need to switch platforms. It has gained popularity for its crypto margin trading capabilities. However, to engage in meaningful trading and cover the margins required for positions, a practical minimum amount should be considered, which might vary from $100 to $500 equivalent in cryptocurrency. Instead, after completing a trade, the coins are instantly added to your wallet. During the bear market, investors were asking why is Cardano going down and when will this downtrend finally come to an abrupt end.

Coin Search

Amid these shifts, BlockDAG emerges as a standout player with its innovative X1 Miner App and remarkable presale success. STEP 3: Add discount code. Stellar makes this much easier as it has many fiat currencies integrated into the network as tokens. The social engagement allows you to feel out their trustworthiness before sharing your capital with them. Also, the service does not have an API, which is not a critical flaw but acts as a limiting factor for business projects wishing to cooperate. The Reward Center and all its features are available on Web, Android, and iOS apps. There is a long list of requirements to become a full fledged Member of the organisation. In terms of social media presence, both platforms engage their communities with regular updates, educational content, and interactive discussions. PrimeXBT provides a variety of bonuses and rewards to Namibian traders based on their trading styles and experience levels. The platform aims for its brand to be synonymous with innovation and quality, and to build upon its reputation as a trusted and reliable partner for traders globally. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Stop losses are perhaps the most effective tool in risk management when trading on leverage. About Jay: Jay Hawk grew up in Chicago and Mexico City where he became bilingual in English and Spanish. Like their competitors, members can access crypto signals through their Telegram channel. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. You can also set Protection orders for any existing position by double clicking the position where you want to add Protection order. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. The majority of PrimeXBT’s assets are held in a secure, offline security system, with a limited quantity of Bitcoin held in internet connected wallets for executing trades. Tokens on $% across @ trading pairs. This is especially true if you’re overtrading, i. PrimeXBT emphasizes privacy and does not require KYC Know Your Customer verification for basic accounts, making it accessible to users who prioritize anonymity. For all questions, security issues, product related inquiries, and business proposals, please reach us. CFD stands for contract for difference.

How does PrimeXBT’s cost structure compare to other trading platforms accessible to Namibian traders?

Alexander Goodenough es un Experto en Contenido en PrimeXBT, especializado en crear contenido atractivo e informativo sobre diversos temas. Reddit and its partners use cookies and similar technologies to provide you with a better experience. However, it comes with a certain set of requirements. The ability to go long and short with up to 200:1 leverage gives traders maximum flexibility to adapt to shifting market conditions. Prime Technology Ltd is PrimeXBT’s Technology Provider. To buy an entire Bitcoin, you’ll have to allocate only 1% of the trade as the collateral margin for the trade. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. PrimeXBT is excited to announce that we will be at the world’s largest Crypto event, TOKEN2049 Singapore, which will take. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability.

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You can look at total amount of currency staked. If there’s anything else we can do to enhance your trading experience or if you have any questions, please don’t hesitate to reach out at. This trading strategy focuses on analysing the support and resistance levels. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. Check it out for yourself today. PrimeXBT has further helped users pick their ideal trader to copy by creating a Wall of Fame. If the MA50 breaks the pattern makes a pull back for a higher low. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. The cryptocurrency markets continue to be in flux. By understanding the risks and opportunities, implementing a solid strategy like DCA, and conducting thorough research, you can position yourself to potentially benefit from Ethereum’s growth in the years to come. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. In conclusion, PrimeXBT stands out as a powerful and versatile trading platform for traders of all levels 🌐. They are legally binding and allow traders to speculate on an underlying asset. PrimeXBT is committed to innovation and quality, striving to be a trusted partner for traders globally.

US dollar

The main advantages of using the PrimeXBT application. These include government agencies, white papers, research institutes, and engagement with industry professionals. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. PrimeXBT boasts a range of security features to provide the safest environment for traders and their funds. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Each time, transactions went perfectly. We’re always looking to improve our clients’ trading experience, often based on feedback from our clients themselves. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Disclaimer

PrimeXBT has further helped users pick their ideal trader to copy by creating a Wall of Fame. Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. During the investment, the share price rises 33% to reach $80. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. The most important example of late is the Bitcoin ETF, which was finally accepted for issue on a global exchange. It focuses on KYC procedures, AML standards, and being secure. Yes, PrimeXBT lets Namibian traders alter their leverage levels according to their particular trading style and risk tolerance, offering flexibility and control over their trading positions. So is Jacob Crypto Bury a free or paid trading signals provider. The platform grows with you as your Crypto trading skills progress. PrimeXBT stands out as an all encompassing trading solution, offering a wide range of assets, including Cryptocurrencies, Commodities, Forex, and Indices. An OCO order allows you to combine 2 different orders under special conditions – once one of the orders is triggered and executed, the second order is automatically cancelled An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. The best exchange for crypto trading on PrimeXBT. Required fields are marked. Each point aims to support traders in maximizing their efficiency and profitability on the PrimeXBT platform. No, US citizens cannot use PrimeXBT as the platform restricts its services to users or residents of the United States of America.

Important Notice

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. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. Returns or profits may be subject to capital gains tax. What sets Cardano apart is its unwavering dedication to scientific research and a meticulous, peer reviewed development process. As a rule, you will be looking at either trading in the perpetual futures contract or the CFD market. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. All of this can be part of your research step before placing a trade. Zaporizhzhia and Kherson. The Launch of Shibarium on August 17th, however, didn’t go as planned, and was stopped, purportedly due to “unprecedented demand. Cryptocurrencies are relatively new in the world of finance and professional traders who follow the crypto ecosystem usually have a deep technical knowledge of the products. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. PrimeXBT practices a simple but effective fee system that involves trading fees, overnight financing fees, deposit and withdrawal fees. It is essential to double check the address before sending any payments. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. These cryptocurrencies can be traded against various other assets, including other cryptocurrencies, traditional fiat currencies, commodities, and stock indices, depending on the trading pairs available on the PrimeXBT platform. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Before getting started, make sure that your Zengo wallet has been set up. In this strategy, traders aim to trade in the direction of the underlying short term trend. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term exchange. So you can believe you have a very safe position running, but get liquidated as soon as they deduct their fees. 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. In terms of its 39 crypto trading pairs, USD and BTC are the only options for base assets. I tested both versions and found that they offered a smooth trading experience without any significant compromises. The access to various crypto and traditional markets from one platform is fantastic. This is what is known as the over the counter, or OTC market. The complex interface is unsuitable for inexperienced traders. Despite the lack of formal regulation, PrimeXBT has established a reputation for offering robust security measures and maintaining a reliable trading environment as reported by its users. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place.

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If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. A verification email is sent to the trader’s email ID; after clicking that link, they are automatically logged in to the account. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. 6 months ago 416 views. Both platforms follow industry best practices, and that is that they both keep the majority of their crypto in cold storage, out of the reach of hackers. An alternative way of trading Bitcoin is to buy and sell the coin through an exchange. There are many no KYC exchanges to choose from – select the best one for your preferences. Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 29 cryptocurrencies. 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. PrimeXBT offers traders 46 currency pairs, nine cryptocurrency pairs, six commodities, and 11 index CFDs. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. Concerning trading fees, they are crucial for maintaining a high quality, secure, and reliable trading environment. This method effectively measures the capability of customer support to assist both active traders and casual investors. Gold Reef Computers are one of the most progressive and growth oriented Printing and Imaging Business in Pakistan. 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. Here are other essential aspects that determine the quality of user experience on PrimeXBT. Here, we’ll take a deeper look at the most popular Bitcoin trading strategies. You must make trading decisions yourself or use authorized and regulated services if available, such as copy trading platforms. Once your account is verified, you can start to fund or withdraw from your account. Some may worry about PrimeXBT not being licensed or regulated. Launched in 2018 amid a severe Crypto Winter, PrimeXBT is a one stop trading platform for futures and CFDs on cryptocurrencies Bitcoin and altcoins, commodities, stocks, indexes and foreign exchange FX, forex currency pairs. Step 1: Head to the PrimeXBT homepage. PrimeXBT instead offers a service called Contests, where traders battle it out in weekly competitions for a chance to win free capital through crypto prize rewards.

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Once this is done, you can log back into your account and access the trading platform and the account features. If you rank among the top traders, you’ll earn real money to trade with. KYC is optional on PrimeXBT. We personally contact support using all available methods and present hypothetical problems that users might face. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. FTX Hacker Converts 50k Stolen ETH to BTC. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. No matter what your other crypto trading needs may be, we’ve got you covered. Thanks for your high score, PrimeXBT appreciates your opinion and feedback. Meanwhile, these two other platforms faltered, PrimeXBT secured the award for Most Trusted Crypto Asset Trading Platform from Crypto Expo Dubai. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. PrimeXBT isn’t just another trading platform; it’s a dynamic powerhouse offering leveraged trading on crypto CFDs, commodities, indices, and Forex. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. PrimeXBT has built a reputation for being a top tier cryptocurrency and traditional asset trading platform that packs a wide range of features and different asset classes to trade, and the most recent use of the launch of PrimeXBT Turbo only works to enhance the opportunities available on the platform. We agree that it offers great potential but should be used with caution due to the risks involved. Each widget serves a specific purpose, helping you monitor, analyze, and execute trades more effectively.