PrimeXBT Review

PrimeXBT also offers affiliate programs to earn even greater rewards through referrals. 39 trading pairs can be traded with USD and BTC as the base assets. Positions closed before the start of a new trading day 00:00 UTC will not be charged at all. $20,000 or equivalent for unverified users. Benefit from low Maker/Taker fees and flexible funding rates. Some products or services might not be covered. It comes equipped with a range of technical tools, including over 50 indicators, charting tools, and multiple screen support, aiming to cater to various trading strategies. Crafting a clear and comprehensive trading plan is crucial for maximising your success and minimising risks. Any news, opinions, research, data, or other information contained within this website is provided on an “as is” basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. Hot wallets can take on various types, which we’ll further outline below. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. These are generally less common but can still affect overall costs. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. Leverage can lead to leveraged positions being completely liquidated if the market moves against your position. No, PrimeXBT does not currently offer any services to residents of the United States. If you invest in Cardano, you are voting with your wallet about the ecosystem’s future and whether it will be viable. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments.

Trading Platforms

If you have any questions about trading strategies, the benefits of diversifying across different markets, or anything else on our platform, please feel free to reach out at. Copyright © 2020 by Norbrook Equity Partners. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. Open the downloaded file and tap Install to complete the installation. Pearce currently serves as the Chief Executive Officer of Norbrook Equity Partners Limited. Typically, the interest is charged at a monthly rate, divided by the time involved. They offer up to x1000 leverage which allows you to maximise profit potential and profit from both rising and falling markets, through CFD contracts Contract for difference. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. 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. Active users across the world. They will send out an email to the address that you have provided so that you can verify it. These factors contribute to the platform’s execution efficiency, but how does it fare in terms of leverage and margin capabilities. Via the Main page, users can view. This website is owned by PrimeXBT PTY LTD. The account opening process often only requires an email address or cell phone number. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Reply from PrimeXBT Copy Trading. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. XRP suits a number of different style traders and investors. Peaks followed by valleys followed by peaks again.

Businesses

Keep up the great work, and happy trading. To seize this exclusive welcome bonus offer. Knowledge to use all the available tools. 👔 LinkedIn: Network and stay connected with PrimeXBT on LinkedIn. Can say it was a very fun journey, not easy, but worth it for me. However, with a historic bull run looming over the crypto market, leverage crypto trading might be a strategy worth considering right now. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Besides, it protects your password and privacy by hashing them using bcrypt with a cost factor of 12 and encrypting all other sensitive data. Be sure to always conduct your own research and due diligence, and seek investment advice from an experienced professional. Fat finger protection notifies whenever risk making an erroneous trade. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. The bulk of its instruments offering is comprised of highly volatile assets such as cryptocurrencies, which are primarily used for short term price speculation. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. While there is no way to know with 100% certainty, Cardano is generally a good Cryptocurrency investment. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. PKF Corporate Services Ltd. The platform offers a very limited range of crypto futures markets and conditional orders. This is something that you can get in your account management page under the “referral” section. If you click the pencil next to your «Margin Type:» you’ll open up the «Margin Edit» module and be able to adjust your margin and liquidity parameters. The network allows one type of currency to be sent from one peer and arrive as a different currency to the receiver. In Pakistan, you can open a Payeer account and utilize its services to conduct transactions, such as money transfers and currency exchanges. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. It’s highly recommended to be an experienced trader outside the United States if you want to use PrimeXBT. PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. This article covers the features, benefits, setup, and troubleshooting of PrimeXBT payments, making it essential for both beginners and seasoned traders.

PrimeXBT Deposit Methods

A competitor of PrimeXBT, Bitmex, for instance, uses a much more complicated fee structure for its trading. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. However, it seems like PrimeXBT has close ties to a company called Finyard. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. Here are some general processing times. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. British users wishing to deposit fiat currencies might need to first purchase cryptocurrencies through a third party exchange and then transfer them to their PrimeXBT account. This will allow you to earn a commission from referring friends to the platform. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. This is the difference between being a professional trader, and a gambler. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Powerful platforms to suit all trading styles and needs on any device. Go to Settings > Security and enable Install from Unknown Sources if prompted. British users wishing to deposit fiat currencies might need to first purchase cryptocurrencies through a third party exchange and then transfer them to their PrimeXBT account. US users have access to more than 70 coins, which far outpaces PrimeXBT. Categorizado en: Sin categoría. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. We are collecting all the data from several exchanges to provide the most accurate price available. In fact, some pundits believe that the index will be as high as 10,000 by the time we get to 2029. Taking a position is easy and straightforward, showing an estimated margin requirement and any potential profit or loss associated with stop loss or take profit levels.

Order Slippage

Here is a look at how simple it is to be a trader or follower on Bybits copy trading platform. Learn more about Baksta’s Legal Terms. While PrimeXBT’s platform supports one click trading, its lowest timeframe is one minute which is not ideal for scalping. These features can be enabled in your account Settings. PrimeXBT encourages new users to enable security features such as 2FA and to customize their trading interface. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. A short position is the exact opposite, and is an entry expecting the price of an asset to go down from the time the position is opened. However, some training opportunities are available here. I’ve been trading on PrimeXBT for about a month. Worse yet, Bitcoin transactions are irreversible due to blockchain’s immutable ledger technology, which means that even if the bad actors were discovered, there is often little recourse. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. Visit PrimeXBT Platform and get 35% on Your First Deposit. However, PrimeXBT does not provide any third party content. That being said, nobody should go “all in” into one particular Cryptocurrency, just as it’s not very wise to go “all in” on a specific stock. Other fundamental drivers have also boosted Bitcoin, including China’s legalization of crypto ownership and Bitwise filing for SOL ETFs. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

We fight fake reviews

However, on the plus side, we note that you can withdraw funds in both cryptocurrency and fiat currency and in some cases even in cash. XRP utilizes a unique consensus mechanism called the XRP Ledger Consensus Protocol, which differs from the proof of work or proof of stake systems used by many other cryptocurrencies. Our website uses cookies. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. This is better than the other futures exchanges such as BitMEX for example. Although he is heavily focused on Cardano, he is also the director of The Bitcoin Education project that supports the first ever Cryptocurrency. An effective method to determine whether you’re looking at the correct formation is to analyse the anatomy of the pattern. Dear Chandra,Thank you for your wonderful feedback. PrimeXBT does not charge for deposit or wallet creation. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform. The idea is to decentralise the “login” monopoly now held by huge corporate entities such as Facebook, Google and others, while centralising accessibility to a variety of apps, websites and services. 401, the exchange also lets users trade 12 forex pairs, including GBP/USD, AUD/USD, and EUR/GBP. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Why am I redirected when trying to buy Crypto?

What’s worse, most of this borrowing and lending took place within a closed network of a handful of companies. I had to submit a national I. Ultimately, Stock prices are driven by the interplay of supply and demand in the market, reflecting expectations of a company’s future prospects and its ability to generate profits. However, there is a list of countries that aren’t allowed to trade at PrimeXBT, due to local regulations. Crypto enthusiast since 2020. Step 3: You can optionally provide your phone number, and then agree to the Terms and Conditions. The broker keeps client funds in segregated accounts and ensures negative balance protection. However, it is worth noting that this has happened before, only to see the market make even higher levels once the dust settles and we are likely seeing that happen right now. Source: Semrush, April 2023 – April 2024. You will be prompted to turn on the front camera on your phone or laptop to take an instant photo a scan of your face. It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Copy your unique referral link from the ‘Referral program’ section. Let’s start with discussing the amount of leverage you can engage with. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow.

MarceloDias

None of the exchanges listed above like CoinEx, dYdX, and ByBit will ask for your social security number. This has traditionally been missing from most of the cryptocurrency exchanges, as they are solely dedicated to digital currencies. Traders may use automated systems or closely monitor news feeds to react swiftly to market moving information. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. There’s an additional effect at play here, though. When it comes to trading fees, PrimeXBT charges competitive rates. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and “noise” that overcomplicates many other platforms. Information regarding past performance is not a reliable indicator of future performance. Please make sure that the form is filled correctly. You can start using it immediately for your trading activities. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Plus the fees are truly low, you pay only 0.

Trading Bots

However, it has become standard on most trading platforms. Coin Bureau readers who sign up to PrimeXBT can receive a 35% bonus if they sign up with our sign up link. The platform’s blog features articles on trading strategies, market analysis, and platform updates. I using leverage x50 here, dangerous but it’s fine. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. The millions of happy PrimeXBT users would probably disagree with me on this point. 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. Established in 2018, PrimeXBT provides access to over 100 assets and contracts across various markets, including Crypto, Forex, Commodities, and Indices. 05%, significantly lower than many comparable Contracts for Difference CFDs brokers. The promotion is active from 11 March through 9. Financial incentive for signal provider. Good platform to learn how to trade. Thank you for choosing PrimeXBT. Most online brokers try to provide options to customers in terms of accounts and our PrimeXBT review found that their service is no different.

CiscoPantaleon

However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Access it on SaaS, iOS and Android through their purpose built app. Returns may be subject to tax. However, the absence of custom price alerts was a notable drawback. Innovative thinking has always been the core of our growth strategy. She was also extremely polite and left me with a very positive overall impression. Explore our local payment options and experience an improved way to begin Global trading. Margin’ shows the funds that have been drawn from your account to open the position, and ‘PandL’ is your current profit or loss. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and “noise” that overcomplicates many other platforms. In downturns, though, they may precede larger cap Cryptos as people risk off smaller more volatile tokens. 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. 7528 on 24 February as investors sold off assets at the start of the Russia Ukraine conflict. 001 BTC, and registration is free and fast. When it comes to investing or spot trading alone, the only way to trade is through buying or selling assets on an exchange. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. It was founded around the time of the 2017 2018 Bitcoin bull run, as an alternative to the multiple less reliable and legitimate signal providers. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. According to an alternative program, you can be credited $40 1,250 for each client referred. Although it is vastly different, it more closely resembles Ethereum with its focus on smart contracts. Resetting can often resolve these problems and improve the overall user experience on PrimeXBT.

Worse

As a result, USDT serves as a reliable means of preserving wealth and managing the risks associated with market fluctuations. Reply from PrimeXBT Copy Trading. If you’re an expert, share your strategies to earn up to 20% from follower profits. Attend exclusive PrimeXBT events, network with other clients and learn new skills. You can provide liquidity to pools and earn LP tokens in return. Regulated by the authorities in Cyprus. While traders should be mindful of the risks associated with high leverage, PrimeXBT’s comprehensive offerings and positive user feedback make it a compelling choice for those looking to trade across global markets. When following the right traders, copy trading can be extremely profitable. Partnership and Development. Additionally, the account type is pretty flexible in terms of its maximum leverage. PrimeXBT Trading Services, S. PrimeXBT is safe to use as it complies with three well known Forex regulators and has cryptocurrency licenses from two trusted industry regulators. For instance, BTC withdrawals are pegged at a static 0. Also, its «turbo» trading option allows you to make short term price predictions. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow.

Worse

We appreciate your feedback on the educational content; we’re always looking to improve and expand our resources to better support our users. Active users across the world. In other words, it will more likely than not underperform BTC, but it also has a lot of its fortune tied to whether or not Bitcoin rallies or falls, as it does tend to move in the same general direction. In this type of trading, the transaction is settled “on the spot,” meaning both the buyer and seller agree to the current market price, and the asset is delivered immediately or within a short period. Downloading and installing the PrimeXBT iOS app is a straightforward process. Secure, offline storage. This minimized my losses and still only cost 0. The scary part about trading is that when you are still new and beginning, you are going to make mistakes, but these mistakes will cost you — and they will cost you real money. Price prediction table. For example, if you deposited with Volet, you must also withdraw using Volet. You can reach out to me via 📌. Dear Zombos,Thank you for bringing this issue to our attention. MicroStrategy acquired 51,780K BTC, which is equivalent to $4. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services.

TRADING

It also depends very much on your risk tolerance, goals, and investment time horizon. Unless you’re an experienced trader outside the U. But excluding private blockchains all transactions exist on a public ledger where anyone can view them, including your wallet details, using a blockchain explorer. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. The content published by guest authors is not investment advice. The remaining $1,000 in your account can be used to open additional trades. Embedded order book is useful too. Instead, any funds traded on the platform are locked in multi sig escrow, minimizing the possibility of theft and reducing trading time for users. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot. For more information, please see our Cookie Notice and our Privacy Policy. In terms of security, BTCC has a strong track record with no reported hacks since its inception, says Denver, our crypto specialist. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. The cryptocurrencies that can be shorted on Overbit are Bitcoin, Ether, Litecoin and Ripple, each in the form of perpetual CFDs. Hold your trades open for longer with cheap funding rates. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. The spot market is the simplest way to approach the commodity markets, as it is simply buying or selling something at an agreed upon price. XRP, the token issued by Ripple, has seen increased volatility in recent days. In both cases, copy trading proves to be a valuable resource. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs.