PrimeXBT Review 2024: Features, Pricing Pros, Cons and More

You can also send an email with the subject ‘Job application’ to with your CV if you’re interested in joining the Prime XBT team. However PrimeXBT Crypto Futures platform which is in learn more beta test gives the ability to manually choose your leverage. Profitability Strategy profitability chart for the set timeframes. Returns or profits may be subject to capital gains tax. When you receive a margin call, you should either deposit additional funds to increase your free margin or close some leveraged trade to free up the used margin in your account. “Revenge trading”, or trying to make up previous losses quickly, is one of the most common ways to blow up an account using leverage. This gives the trader the advantage of making money on “borrowed funds”. This could easily be due to user error, rather than anything that PrimeXBT was doing.

Digital assets, investments and trading

Cryptocurrency futures enjoy a variable leverage system up to 1:200. At the moment, an API interface is not available. Learn more about Baksta’s Legal Terms. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. PrimeXBT supports trading Crypto, Commodities, Forex, and Global Indices. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. In case of a request from authorities involving transactions suspected of illicit activities, PrimeXBT must work closely with law enforcement representatives to supply the necessary documentation and information in line with data protection laws. Here, they can create and track multi currency wallets, deposit crypto or withdraw earnings. An important thing to note about PrimeXBT is that all withdrawals and deposits are made with Bitcoin, even if we are using the platform to speculate on the price movements of another crypto asset, like in this case XRP. Exclusive to SAShares Clients. Like Bitcoin and Ethereum, Stellar relies on blockchain to power the network, but the result is a much faster, cheaper solution. Vincent and the Grenadines. BNB Smart Chain network BSC.

ByBit vs PrimeXBT: Fees, Coins, Safety Comparison

And have it transferred to your PrimeXBT wallet. A good project is not that hard to recognize and once you see posts about it by other people – check their profiles, check their tweet/post history, see if the recommendation comes across as a genuine suggestion or an artificial shill made out of self interest. The current Spread for a particular order size can be checked at any time using the ‘Dashboard’ widget. Use limit orders to enter on a retest of SR with a pin bar present. In this case you will be using only 10x leverage against your 0. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. However, day traders also rely on the same sort of signals, chart patterns, technical analysis indicators and more as other types of traders, they just apply these tools to short timeframes as well. US, which the company says is a separate exchange. Date of experience: October 18, 2020. Fees on PrimeXBT are also quite decent compared to the market average conditions. Phemex is a popular crypto and derivatives exchange known for its advanced copy trading features. 001 BTC, thus the minimum margin required to open such a trade with x200 leverage would be 0. Operating from its base in the Marshall Islands, PrimeXBT extends its services to over 150 countries, underscoring its global reach. Choose one of the following products that suits your needs. Step 4: You will now have an account, which grants you access to both copy trading on PrimeXBT and its futures services. Make sure to additionally review our special guide about Account verification. The Renko chart for Bitcoin BTCUSD on the daily timeframe gave the first buy signal after hitting support on 10 Nov. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level. Also, very important is to make sure that your stop loss will be hit before your liquidation price. Copy Trading is a prominent feature, where investors can replicate the trading strategies of top traders, adopt portfolio trading strategies, or develop their own strategies for others to follow. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Here’s a quick guide to becoming an affiliate. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Users can deposit PrimeXBT supported Crypto, purchase Crypto with a credit/debit card or SEPA, using Coinify, or deposit Fiat. The best known blockchain continues to blossom in popularity with crypto casino users. This meant that the Ethereum token, known more commonly as ETH, has always been more prepared for daily use than bitcoin and many other crypto coins. Each exchange has its strengths—StormGain with its specialization in cryptocurrencies and PrimeXBT with its broad market access and innovative features. This memo will later be available to you in your Perfect Money account dashboard. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. Ensuring the safety of users’ funds and personal information is of utmost importance in the crypto trading industry.

Other news

The supported currency pairs include EUR/USD, GBP/USD, AUD/CHF, AUD/CAD, and more. Requirements for Opening a PrimeXBT AccountTable of contentsRequirements for Opening a PrimeXBT AccountIs There a PrimeXBT Welcome Bonus. This means that traders can open positions that are up to 1000 times larger than their account balance. You can easily set your trading size from the New Order pane that always pops up when you want to take a trade. 425 ETH, or 850 USDT. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. New fiat account funding methods are also available for USD and EUR. This means that someone may have obtained your account’s credentials. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. It will be removed from the account, and the account’s Balance will be cleared to 0;. Buy, sell and trade the Dollar, the Pound, the Yen, the Euro and others. There are no withdrawal limits with PrimeXBT, but there is a flat withdrawal fee of 0. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. Following significant events surrounding Ripple, as well as delisting of the asset across our multiple liquidity providers, PrimeXBT will remove and cease trading of the following trading pairs on Wednesday, February 10th, 2021 at 15:00 UTC. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. For ETH deposits are available. IOS and Android app: Yes. This website provides entertainment content, and using it means you accept out terms. Required fields are marked. For instance, if you want a BTC futures contract using isolated margin, then it is capped at x100. When Bonus is active, Balance may become negative due to trading loss or fees incurred. Trade Fees are as follows. Sign up with this link and then deposit the stipulated amount before the timer expires. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. To view or add a comment, sign in.

How to read the cryptocurrency market

Supply Details: It is anticipated that the total supply of DOT will escalate to 1. And 11 tradable indices. As your email is the only form of ID at PrimeXBT, it is not possible to change account email. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. Com Phone: +49 160 92211628. However, it sounds like there may have been a misunderstanding or miscommunication in your case. PrimeXBT charges two different types of fees: a trade fee and overnight financing. To trade with margin, users must fund their margin account after making a deposit to begin trading. Each account on the platform has a 24H withdrawal limit of $20000 or its equivalent in other currencies in total for all of your submitted withdrawals. Yet the platform remains accessible enough for beginners thanks to the simple buy/sell interface. The positives of this market action exploded Dogecoin’s price, allowing it to climb to its all time high of $0. Activate your account when registered successfully and start trading with the bonus credits. Available margin can be increased at any time by closing any position and/or transferring more funds to your Trading account. It also cuts down unnecessary processing time. Bitcoin, Ethereum, EOS, Litecoin and XRP are all available to trade in Bitcoin or USD pairs. Signal also offers two interesting tools that some traders might find useful. Get the PrimeXBT Massive 35% Bonus. The Bybit copy trading platform has already attracted over 259k users, making it nearly instantaneously, one of the largest markets for crypto copy trading. They let you sign up with just an email and a password, or sometimes no signup at all. Charles Hoskinson is yet another pioneer in the cryptocurrency space working to push overall adoption forward and has played an important role in the early phases of the industry. There are four available order types. Contents1 How to Use, Trade and Sign Up to Paxful Crypto Exchange1.

Welcome Bonus

The reason to trade via leverage is to increase profit potential. Investors can automatically mimic trades from successful strategy managers to leverage their market expertise. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. PrimeXBT offers traders only payment or deposit methods that can be used when funding accounts. You can reset your account password using the Password recovery feature. Thankfully, safety and security haven’t ever been a significant issue at any of these platforms. To trade Forex CFDs with us, the trader needs to deposit just 0. Complete the official BitDegree Web3 Exam and get rewarded. PrimeXBT aims to provide an advanced yet easy to use trading interface.

How to leave a review about PrimeXBT on the Traders Union website?

1% of the required capital in order to take out that position. The option taken depends on factors such as the experience level. During swift market moves, the spread may increase as the volatility increases and will lead to larger unrealised loss even in a neutral net position. Before you press “Confirm”, review the order. You should always run your own research and question the credibility of people behind the project you are overviewing. Its specific security measures include. This is a highly thoughtful system, as each star is representative of something special, rather than an abstract sign of positive activity. This will bring up the ‘New Order’ window. How Commodity Brent, Crude, and Nat. 1389% based on the type of trade. PrimeXBT shall not be liable for any claims, costs, expenses, losses, or damages suffered by any person as a result of the Promo campaigns and Promo campaign rules and conditions.

1200$

There are eight to choose from, all of which are paired with the USDT stablecoin. If no slippages in the crypto market, especially during nighttime trading, PrimeXBT would be a perfect platform for me. You can trace back the history of copy trading to the early 2000s. Upon joining a contest, you will be provided with a free pre funded contest account. There are a whole host of extra risks that come with concentrating your investment into a particular company. You can also check the up to date market rate of 1 ADA to USD via our handy crypto to fiat and crypto to crypto conversion feature. USDT and USDC TRC 20 tokens require 20 block confirmations which usually takes around 1 minute;. At the very least, one needs to lay the groundwork for it to happen, and that’s where the Jumpstart program comes in. The other thing about crypto is that the regulatory framework is not well developed. Furthermore, by borrowing, the trader is amplifying not only the benefits but also the risks. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. Cardano was late to the Crypto market compared to many others, but the altcoin Crypto asset is brimming with innovation,. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Detailed information regarding fees can be found here: rade Fee is incurred any time a position is opened or closed. Whether traders prefer to work with behemoths in the industry like Bitcoin and Ethereum, or whether they enjoy working with smaller altcoins like ATOM and BNB, they are likely to find something that satisfies them. With leverage, PrimeXBT provides the remaining funds required to execute your trade. 01% for forex, indices, and commodities. Besides, there is an address whitelisting feature, which lets you withdraw funds to pre approved addresses only. I don’t have any bad experiences in using this platform because their customer service is really great. When trading financial instruments such as forex, traders can usually expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day. On top of all of these claims, the platform possesses scalability that is said surpasses Ripple’s capabilities. Agree and Join LinkedIn. Receive the latest news and stay informed. 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. Crosses include AUD/JPY, EUR/GBP, and GBP/JPY, with exotics including USD/THB and USD/MXN. Returns or profits may be subject to capital gains tax. You will also be told what features the password must have to make it secure enough.

Login required

PrimeXBT has a watchlist you can easily customize and populate with the trading pairs of your choice. To gain more information about leveraged/margin trading read our how to trade Bitcoin guide. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. With just a swipe or tap, you can modify stop losses or take profits to account for evolving market moves. Average monthly income calculation is based on the assumption that an average referred user who is actively trading, brings an approximate of $100 as referral income, including payments from referred by the referred users up to level 4. What will we be looking for, what made BitSeven unique. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. However, this trade off comes with the ability to customize your leverage in a way that cross margin futures trading does not offer. Operating from its base in the Marshall Islands, PrimeXBT extends its services to over 150 countries, underscoring its global reach. Ethereum has always been one of the top cryptocurrencies because of its potential, and the interest in using it as a platform for a number of other cryptocurrency sectors — such as new coins and ICOs, as well as the emerging DeFi space. The required interest varies based on the loan amount and the brokerage you choose. PrimeXBT account holders can generate reports to view trading and transfer activity via the Reports page. Prior to making transactions one should get acquainted with the risks to which they relate. 16% change over the current price. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. That’s the promise of ZK rollups, a groundbreaking. Expiration dates of already activated bonuses will remain unchanged. Its Gemini Earn feature is another unique aspect that sets it apart from PrimeXBT, as it allows users to earn interest on their idle cryptocurrency balances. Please note that you will have to move the Bitcoin from the wallet to the trading account in order to trade. Consequently, to prevent the leveraged position from getting liquidated you should always set up a stop loss, this is extremely important. We may include partnership links, but they don’t affect our ratings or recommendations. Your interaction with StormGain offers a streamlined trading environment. The article provides a brief overview of each platform, stating that OKX offers crypto trading, Web3 applications, and its own native token, while PrimeXBT specializes in derivatives trading and offers a diverse range of markets beyond crypto, including forex, commodities, and stocks. Let’s build together.

How can I check the status of my withdrawal? Can I Cancel my withdrawal?

When examining the fee structures of Kraken and PrimeXBT, you’ll notice some key differences that could influence your decision on which platform to use. Note: Enter your promocode BEFORE making a deposit to ensure you get the bonus. It will also help you identify if you have accidentally landed on a phishing site of some sort. In this PrimeXBT review, we will cover the platform itself, the features it offers, and will also give you some top trading tips that you need to know. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. The app also allows you to easily track your account balance, open positions, and order history. Please take all predictions with a grain of salt, as the influence of outside forces will remain an issue in the cryptocurrency market in general, not just the Polkadot network and its DOT token. If your market position falls, the trading platform could ask you to invest more funds as collateral. Now, we have customized the trading interface a bit, and that’s how it looks like. 🔴Step 2 – Fill out the form. It should be noted that if the price isn’t hit, including being “jumped over”, the order may or may not be triggered, depending on whether it is used as protection or simply to enter the market. PrimeXBT is a multi currency trading platform that allows you to put Bitcoin up as collateral to trade. There is a range of product offerings available on MEXC, including spot and P2P trading, futures trading, leveraged ETFs, and savings products to help you easily earn passive income from crypto. A detailed table of all trading fees for Global Markets, Crypto Futures and Copy Trading products is regularly updated and provided on the PrimeXBT website. Trading fees are the bread and butter for exchanges. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. Date of experience: December 03, 2020. Be sure to use a password that is both strong and unique not used in any of your other accounts. It’s far to volatile to take your eye off it. Finally, they also have advanced hardware modules where they run their trading technology. An overnight fee, also called a “rollover fee”, is a payment that applies if you hold a position overnight. Thanks for your high score, PrimeXBT appreciates your opinion and feedback. PrimeXBT is also among the crypto exchanges out there that offer so called staking services. We also assess the deposit and withdrawal options, promotional codes, investing fees, and KYC verification systems. If you’re an experienced trader, you can set up your own portfolio and trading strategy for others to follow.

4 2

Select the Margin account on which to activate the code. People fear the domino effectjhXRprimexbt ftx ftt. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. And finally, the 5 supported commodities. “Value” is the same number but in BTC terms, and remember, it’s your initial margin + the leverage combined that sums up this number. በተመለከተ ምክር፣ መካከለኛ ደረጃ አስተዳዳሪዎች በትንሽ የተሻለ የሕግ እና የመቋቋሚያ አካባቢ ውስጥ ይሠራሉ እና ከከፍተኛ ደረጃ አስተዳዳሪዎች የተለየ የማስተካከያ አስተዳዳሪዎች እንዲሆኑ ይችላሉ፣ ይህም ለተገበያይዎች የተለየ መከላከያ ሊሰጥ ይችላል።. Moreover, the platform offers high leverage of up to 200x, allowing traders to control larger positions with a smaller amount of capital. Usually, the crypto market will be hyped when the price of Bitcoin reaches certain levels, which fuels demand and causes price gains. 0001% on forex, indices and commodities. Click here, and you will now have access to the full dashboard. Direct deposits from your bank card to PrimeXBT are currently not available. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The transfers between the hot and the cold wallets are confirmed using multi signatures, which is considered to be a standard security measure in the industry and helps to alleviate the risks of having a single point of failure. Successful traders know why they are getting into the market, and when it is time to get out. When you receive a margin call, you should either deposit additional funds to increase your free margin or close some leveraged trade to free up the used margin in your account. However, if you want to hold, you will either need to create a digital wallet where you will store your cryptocurrencies, or you can store it on the PrimeXBT platform. Once the account is successfully verified, traders can proceed to fund their forex trading accounts. To gain more information about leveraged/margin trading read our how to trade Bitcoin guide.

Better

Trading fees are at an incredibly low 0. Risk Warning:Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Starting Price:Available on Request. PrimeXBT clients can trade in cryptocurrencies 24/7, as the markets do not close, although it should be noted that overnight swaps will still be charged for positions held open past 23:59 UTC. These products are not suitable for all investors. Leverage reflects the ratio of personal funds required to open and maintain a position in comparison to the size of that position. One of the ways to get started is through copy trading platforms, which allow you to automate your trades by copying the strategies of successful traders. Prime Technology Ltd is PrimeXBT’s Technology Provider. Trading Bitcoin is a little bit more complex than just clicking the “buy” and “sell” buttons and below you will learn to trade cryptocurrency successfully. But this method won’t offer you the best rates having a crypto wallet to easily deposit and withdraw from your PrimeXBT trading account is the best option. Yes, there are 2 different fees that can be incurred when trading Trade fee and Overnight financing. Plus it’s important to remember that PrimeXBT is still a relatively new crypto trading platform and so it could upgrade how it is regulated soon. It’s a fantasy alternate “reality” where Meta Facebook pretends that nothing is something. Your order will remain inactive and stay in the order book until the price gets to it. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Any withdrawal requested after 12:00 UTC will be processed on the next day. Email login notifications can be disabled from your account Settings menu. It offers all the features of the desktop platform, ensuring I can monitor and execute trades seamlessly from anywhere. 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. Finally, the user clicks the “Submit to withdraw” button, opens his or her email, and confirms the withdrawal. With charts seamlessly built into the interface, you won’t lose seconds switching between platforms or miss entry points due to lag. This program has a revenue share model and CPA. Primexbt deposit bonus. With this convenient live chart, you can view the current XRP/USD price, analyze the price dynamics, trace historical XRP to USD exchange rates, build your trading strategy, and trade Ripple with leverage on PrimeXBT. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Check out our full PrimeXBT review to see if this exchange is right for you. In order to do this, you will need to provide them with an email and password. You cannot get it just by registering and making a deposit.

Web3 Starter

Any fraud occurred during this process. PrimeXBT has integrated a 24/7 live chat service into their trading platform to the lower right of the screen, with several agents always active. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. If you are following the trend then again, both margin types should work well with the addition of the appropriate risk management measures. To protect your account, please change your password at this link: and enable 2FA. Chart candles on PrimeXBT reflect the Bid price of an asset. The fact is that the two platforms are very much different from each other. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze.

1st Lucky Draw Rewards Distributed

And while we understand the desire to access funds fast due to the speed that cryptocurrency technology provides, we are committed to maintaining strict, manual security protocols to ensure the long term safety of our customers and their funds. Losing access to your email may result in you being unable to access your PrimeXBT account. Sign up with this link and then go to “promo code” and enter “bitcoinsensus50” in the provided space. PrimeXBT copy trading offers an innovative experience, connecting strategy managers and followers in a highly incentivized and competitive peer to peer community. As Bitcoin bulls pause for breath, Litecoin has recently posted substantial gains, standing out from altcoin peers. For example: you have 0. How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. If you’re interested in trading other non crypto assets on PrimeXBT, here’s a list of some of the other supported markets. Covesting is an innovative feature that allows users to follow and copy the trading strategies of successful traders. Minimum order sizes, trade sizes, max exposure, leverage, and funding rates for longs and shorts, can be found here. Trail stop lower for upside breakouts and raise for downside. Copy Trading is a prominent feature, where investors can replicate the trading strategies of top traders, adopt portfolio trading strategies, or develop their own strategies for others to follow. 1️⃣ USD currency wallet will be automatically preselected. When you engage in spot trading, the transaction takes place immediately. Managers earn profit sharing from follower copying fees based on the performance of their portfolio. The workspace is fully customizable and offers a range of visualization tools, execution methods and trading histories. 01% maker fee, and a 0. We are proud to offer such innovative products and professional trading conditions to all our customers. From customisable workspaces to Copy Trading modules, Mobile Apps, and integrated education, PrimeXBT breaks the barrier between traders and success. Almost coins held at PrimeXBT may be in Cold Storage, which means they are kept from a safe offline environment and avoided out of the connection to the web and the threat of potential online criminals. Despite the growing list of exchanges and brokers, however, not all of them are equally user friendly, secure, or affordable. With a blend of contemporary crypto trading and traditional financial instruments, PrimeXBT positions itself as a multifaceted platform for both novice and experienced traders. Get huge savings on the biggest crypto brands with custom discounts and deals. 3️⃣ To further move these funds to your ETH Copy Trading Strategy account, navigate to the ‘Copy Trading’ section, choose the ‘My Strategies’ sub section, and select your ETH dominated Strategy.