PrimeXBT Review 2024

When I deposit I get a 20% bonus. The Ripple price prediction that they have published looks strong, but will be slow to get going. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Security is an important consideration when considering a crypto exchange. This reduces the risk of targeted hacking. 5 for PrimeXBT and 3. Date of experience: June 30, 2024. The platform could enhance its educational resources and expand its geographic availability. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. PrimeXBT is a global crypto exchange, as well as offering investors access to other more traditional markets like Forex currencies, commodities CFDs, and stock indices. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. The fee amount depends on the cryptocurrency being withdrawn. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. 🚀 Test strategies, master platform tools, https://primexbtinvest.com/bonus-for-new-users/ and boost your confidence without financial risks. 39, an average of $1. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. In contrast to a long position, if the market moves upward during a short position, it can lead to capital loss. The cryptocurrency market is still new and buzzing. This bonus will provide a unique reward upon the users first eligible deposit within the specified time frame upon logging in, the Welcome Bonus countdown timer reflects the amount of time remaining until the end of the offer. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. Withdrawal Crypto only. PrimeXBT stands out in crypto for its simplicity and versatility. Navigation was intuitive, with all the essential tools and indicators just a click away. 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.

FAQ About Trading on PrimeXBT in the United Kingdom

Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. It is perfect for fast paced trading and to see your results quickly with that execution. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Leverage trading in Crypto offers a way to do just that. The platform supports various order types, including market, limit, and stop orders, providing flexibility in trade execution. 11 in 2026, which is a 309. This is not something that we have seen on other charting packages developed by an exchange. Covesting has made copy trading very transparent and easier for users to select the winning trading strategy and lower costs. PrimeXBT offers a feature called Copy Trading, which allows users to profit from the financial markets by copying the trades of experienced traders, even if they lack trading experience themselves or don’t have the time to actively trade. The informativeness of their website is on a high level. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Watch this quick PrimeXBT course, learn about it, click “Visit” on the lesson sidebar and get 7% deposit bonus coupon. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. This is because maker orders contribute to market liquidity by adding limit orders to the order book. Prime XBT does not provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned. We appreciate your support, and we’ll keep working to bring you the best trading experience. Our team, led by the owner and CEO, features top trading and crypto experts. Within this part of our PrimeXBT review, we will talk about the different types of assets available for trading. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. If a confirmation email is not received, check the spam/junk folder. Bitcoin is the oldest Cryptocurrency and the largest by market cap. MEXC and PrimeXBT differ in supported cryptocurrencies, user accessibility, processing times, and transaction costs. Whether you are a beginner or an experienced trader, PrimeXBT provides a solid platform for your cryptocurrency trading needs. PrimeXBT Withdrawals are equally straightforward, providing a seamless way to manage your assets. The platform also boasts reliable trade executions as uses Amazon AWS servers and is connected with many liquidity providers. A membership buy in feature is not the same definition of staking used by other exchanges.

FAQs About PrimeXBT Trading

Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Everytime you run out of margin, it cancels all open positions for your safety but immediately opens multiple positions in the opposite directions till margin is used up then closes them again due to margin call. 👉 Learn more: dNbgYVPrimeXBT SaveElephantFoundation. On top of the list are the 24/7 availability, together with numerous languages in which the customer service is provided. Ensure you have set appropriate transaction fees. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. Trolling, in all its forms, will lead to a suspension or permanent ban. Any withdrawal requested after 12:00 UTC will be processed on the next day. This commitment to openness allows for a trustworthy and straightforward user experience. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. So if you want to share your experience, opinion or give advice the scene is yours. This all in one trading interface provides the ability for users to manage a diversified portfolio. There’s also support for Axie Infinity, Internet Computer, Stellar, and other popular altcoins. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. Social media channels of PrimeXBT, such as Twitter and Facebook, are also good resources for catching announcements about special offers and events that might include promo codes. However, insurance coverage is still rare within the crypto industry. Utilize sophisticated trading tools such as leverage trading, stop loss orders, and real time data analytics to improve your trading strategies. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and are not intended for UK consumers. Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. 01 ETH 30 USDT 30 USDC 5 COV. Alternatively, you can overview the ‘Margin impact’ field to automatically calculate the amount of margin you need to open a new position.

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Blockchain is a public digital ledger that preserves all the transaction data. Smaller incremental gains maybe better for the stability of and longevity of the coin and the network at large. Transactions typically happen directly on PrimeXBT’s site or via trusted partner platforms. PrimeXBT restricts the size of a position a trader can maintain with the broker and if such a limit is exceeded, the trader’s orders will not be executed. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. There are no deposit or withdrawal fees charged on FTX. PrimeXBT has most of the standard order types as well as some protection orders. Once your deposit is received, we’ll credit the Crypto to your chosen wallet or trading account instantly. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. What you should know about high risk investmentsRead more. It awesome for proper risks allocation, since from the very beginning traders are taught to distribute risks correctly not to get exposed by them and eventually not to get disappointed about trading activity. You can place orders, monitor markets, and trade effortlessly. From my point of view, I think they are better because PrimeXBT offers traditional markets for trading besides crypto currencies. Also, they have to accept the terms and conditions imposed by the platform. Best regards,The PrimeXBT Team. We also appreciate your recommendation of the indicators for new traders. By clicking Sign Up, I agree to WorthEPenny’s Terms of Use and Privacy Policy. Whether you are a professional trader or just starting, PrimeXBT’s technological prowess ensures you have the. We value your input and are here to make your trading journey better. Date of experience: February 20, 2024. Make sure that you practice adequate risk management. Deposits are free, but there are withdrawal fees for cryptocurrencies. Trend following is one strategy that sees trades look for certain patterns that have come before, and then trying to react to them when they resurface, but then there is also the chance to counter trend trade, which means betting against the trend and hoping to make gains in that way. The fiat withdrawal process was straightforward but took a long time. According to their withdrawal page, “PrimeXBT reserves the right to manually review a withdrawal request before it’s approved if it exceeds a specific amount or triggers a suspicious activity alert”. They are managed passively, meaning they aim to match the index’s performance rather than beat it. Check out our full PrimeXBT review to learn if it’s right for you.

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In July 2008, WebMoney changed its rules, affecting many exchanges. PrimeXBT charged me a withdrawal fee of 0. When global economies are booming, investors and traders tend to prefer stocks and commodities. Please note that KYC Know Your Customer is a regulatory requirement to ensure the security and compliance of the platform. Pruglo initially envisioned that cryptocurrency exchanges would make use of Covesting’s invaluable copy trading feature, and it seems that vision is finally becoming a reality. However, it is not recommended for traders who are looking for more variety, high liquidity, or reliability in their trading experience. Limit orders allow you to set a specific price at which you want to buy, providing more control over the trade execution. However, blockchain network fees may apply depending on the cryptocurrency used for the transaction. PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. Its intuitiveness and simplicity provided a pleasant trading experience. 08235 that means a move from 1. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. Even login security takes advantage of the built in biometrics features of many Android smartphones. 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. Before, they were registered under a different number in the Chamber of Commerce.

Recommend Our Services: Earn $100 + 10% + 10% commission

Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. In SE Asia, rapid Web3 adoption underscores the urgent need for education to protect investors and empower developers. 35% for takers and 0. With this aspect of the PrimeXBT Crypto Futures review in mind, it makes it clear just how user friendly and accessible the platform is. For those who get a headache just by looking at the trading chart, the Convert feature can be your new best friend as it allows you to swap between crypto and stablecoins. Navigation was intuitive, with all the essential tools and indicators just a click away. For traders seeking exposure beyond just spot trading, PrimeXBT is a top tier platform and a welcome addition to the growing crypto derivatives market. If you speculate with 1 bitcoin that XRP price will surge against BTC in 24 hours and it does increase by 10%, you’d make a profit of 0. The correction trend continues into 2028 with Cardano recording a low, average, and high price of $3. Litecoin has gone for scarcity in having a limit to its coins — 84 million. Can’t find what you’re looking for. Looking for a Service. Please make sure that the form is filled correctly. Bybit does a fantastic job listing new and exciting project tokens quickly, often providing access to tokens quicker than many of the major exchanges. Unlimited via Perfect Money. This is also more appropriate for experienced traders that can monitor and analyse the market effectively. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. For example, suppose you want to buy the best meme coins, such as dogwifhat, Shiba Inu, and Bonk. 01%, while on PrimeXBT, they were consistently over 0. Please select your country. To get a complete overview of the exchange, check this PrimeXBT tutorial.

Want to use this as your default charts setting?

ICOs can be compared to Initial Public Offerings IPOs in the stock market, but with some key differences. For day traders who engage in futures activity, the ability to look at minute by minute chart details is a godsend. PrimeXBT integrates TradingView charts, which is a nice feature. 🐦 Twitter: Follow for more notifications and updates. Also watched my copy traders on Primexbt all going longs. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. 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. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. When trading financial instruments such as forex, traders can expect overnight or swap fees to be applicable when positions are held for longer than one trading day. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. We’re thrilled to hear that you are impressed with PrimeXBT’s reputation and trading terms across all asset categories. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Prime XBT only charges two types of fees – the trade fee, charged for entering the position, and the overnight fee, which is for financing the position. Important note: you can primexbt deposit bonus more than 0. Copy the profits of expert Strategy Providers. You can see a list of the IEOs held on @. Definitivamente lo recomiendo a cualquier persona que quiera comenzar a invertir en el mundo de las criptomonedas. 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. Cold wallets offer enhanced security and are more suitable for those seeking to hold their coins for extended periods as a long term investment. In social trading, you’re not automatically copying the trades of other traders, but rather exchange ideas and market research with like minded peers which can benefit your personal trading performance. Create your free account or sign in to continue your search. This occurs when you place an order and the price that you get is nowhere near your desired entry point. By allowing both privacy and interoperability, Polkadot shows the true potential of crypto. Fair terms and conditions are a must.

Want to use this as your default charts setting?

Primexbt has simplified the process of trading cryptocurrencies for me. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Mirror trading has its place in the trading ecosystem, but it also has times where it is probably the wrong choice. Our website uses cookies. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT charges a commission fee. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. 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. These products are not suitable for all investors. Overall, the iPhone and Android mobile app is a suitable alternative or supplement to desktop trading. 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. If you need any further assistance or have suggestions on how we can improve our resources, please reach out to us at. $67,000/200 = $335 0,005 BTC. Also, its “turbo” trading option allows you to make short term price predictions. Asset hedging is also available, which allows you to profit from the rise or fall of the market. 7 months ago 368 views. I believe that blockchain technology can build a brighter future and am excited to be part of it. This allows for the trader to benefit from a much larger position than would normally be available. 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. Just like when you exchange currency at a bank or make a transaction with a credit card, trading on PrimeXBT incurs fees.

Does PrimeXBT use KYC?

One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. 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. To trade Forex CFDs with us, the trader needs to deposit just 0. 📰 Blog: Explore educational posts and news on PrimeXBT’s blog. Essentially, there are two major areas we need to examine. You can reach out to the PrimeXBT customer support team through their website, social media channels, or by phone. The exchange does not currently offer fiat off ramps for withdrawals. Crypto Deposits: PrimeXBT offers free crypto deposits. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. To purchase BTC in US dollars, users can pay with Visa/Mastercard or via bank transfer. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Kevin is an established copywriter, content writer, and a seasoned investor and trader with a robust background in Business Finance. Also Deep liquidity is a feature of Prime XBT that enables traders to initiate and exit deals rapidly and at attractive pricing. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email.

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This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. Best regards,The PrimeXBT Team. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. If activating multiple promo types, it is also important to note that: only 1 Reward promo type may be active at a time multiple active Trade Fee discount promo types are NOT additive; only the highest active trade fee discount will be in effect at any given time If attempting to activate 2 campaigns of the same type, a notification window will pop up. When you feel like revenge trading, always remember this point – The market doesn’t owe you anything. In a world where almost every transaction happens online, cryptocurrency has emerged as the world’s largest growing asset class. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. Hoskinson’s name and pedigree will inevitably attract developers to the Cardano ecosystem and blockchain. Binance is a cryptocurrency wallet that allows transactions across the world and accepts Bitcoin mining. Thus, for your long trade the commission will be 0. I believed that their primary focus was on crypto, as I had been trading these assets and found the terms appealing. Arguably traders have already analysed their own risk appetite and found a technique that compliments their profit objectives. Recently, Cardano has implemented the Plutus example module and has continued working on several protocol enhancements, which leads us to believe the project is set to increase in price. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. BK’s VIP tier also gives traders stop loss levels and alerts for sudden market trend changes. 🟢 The Break Even Point BEP in trading is the price level at which an investment generates neither a profit nor a loss. According to Chainlink’s website their Chainlink 2. In most cases, passwords are retrieved by hackers from earlier leaked password databases from different services. PrimeXBT is a Bitcoin based award winning margin trading platform offering exposure to Forex, Commodities, Stock Indices, and Crypto assets like Cardano, under one roof. The minimum amount of personal funds required to be a covesting leader depends on the currency. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. Really i don’t know why developers of primexbt ios app don’t look to bybit and binance or ftx exchange ios app Your app need a lot of features i can’t make my favorite watchlist ffrom different markets just in one watchlist on ios app i don’t have to see pairs or coins i don’t trade every tome i check prices or just changes and indicators i don’t have to set my indicators in every single pairs and different markets It must be just one time and ios app save it in all pairs and markets in tradingview of primexbt please at least you must be like other exchanges ios apps secondly i will write another review to be creative and make new features. Additionally, PrimeXBT displays order book and live trade data alongside the price charts.

Worse

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Above current pricing, there seems to be a lot of interest around the $0. 32 to send USDT over the BEP20 network. If you ever decide to try manual trading or have any questions about using any of our other features, please don’t hesitate to reach out to us at. Click ‘Ok’ to return to your PrimeXBT account interface. BitFlyer is a cryptocurrency broker based in Luxembourg that launched its service in and offers individuals to buy and sell more than 4 cryptocurrencies. Whether you are a new user or an experienced trader, this article will give you a clear understanding of PrimeXBT’s user base and its significance in the cryptocurrency trading ecosystem. Maker fees are generally lower than taker fees and are designed to incentivize adding liquidity to the market. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. A good Forex trading strategy is profitable obviously. OKX is one of the more reputable exchanges in the crypto space. There is another way to do it though, which is called technical analysis. Analysing the past market data is known as technical analysis. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. PrimeXBT’s referral program is your gateway to effortless additional income. It would be great to be able to keep it open, add funds and increase the compounding nature of that strategy. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Our goal is to provide a supportive trading environment and access to experienced traders who can help navigate through market volatilities. To profit from a falling market, you need to understand precisely how to go about shorting Shiba Inu. 05%, which is low in comparison with other exchanges. That covers the products, but a good selection of products and features may not mean much if the platform is deplorable, so let’s cover user friendliness. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. How does The Affiliate Program on Primexbt work. 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.