PrimeXBT Trading Platform

🚀 PrimeXBT has been crowned the “Most Trusted Crypto Asset Trading Platform” at the Crypto Expo Dubai 2022. The company provides access to real time market data and a wide range of trading analysis tools while maintaining privacy, security, liquidity, and enabling a safe and efficient trading environment for everyone. Are you planning short term swing trades or long term investments. I also tested the fiat withdrawal process, using Volet. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. Twitter: aylerTBMLinkedin. These tokens are designed to provide traders with magnified exposure to price movements of various assets, either upwards or downwards. After filling in the fields, click on the button to confirm registration. As per the desktop version, the PrimeXBT application is intuitively easy to use and understand. Centralized exchanges like MEXC, ByBit, and CoinEx will let you buy Bitcoin with no verification, or you could trade another cryptocurrency for Bitcoin on a decentralized exchange or P2P trading platform. Are there any other companies related to FTX that have not spoken. This makes PrimeXBT much safer against unauthorized access. That being said, all pairs still offer strong leverage options, even if they are not all at the x200 range. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. NASDAQ NDX: The Nasdaq still appears to be lagging behind the SandP 500. You have crypto rewards waiting to be collected. A total of 31 futures are available. PrimeXBT is an award winning global trading platform which offers access to over 50+ assets including Crypto Bitcoin, Ethereum, Litecoin, Ripple, EOS, Forex, Commodities Metals, Oil, Gas, and Indices from a single Bitcoin funded account. 05% per trade for cryptocurrency transactions. Bonuses are real funds that can be used in trading cryptocurrency instruments in the PrimeXBT platform, but without the possibility of withdrawal from the account. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities.

Get over $1,500 in bonuses as you progress

If you do not see this then it means that you could be on a phishing site and should leave immediately. The bonus funds are available for two weeks after activation, PrimeXBT limited and be used as additional collateral to open positions. 0435 by April next year. 1M+ community members. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. At the bottom of the futures dashboard is the Summary Module, and your completed trade will show up here as a Position—trades placed as a Limit or Stop order will show up under the Order tab in the Summary Module. Support and resistance levels are inconsistent, as they change based on the price movement. ” should know that the most popular crypto derivatives are futures and options. Oftentimes, traders can speculate on months ahead in the market.

Conclusion

You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date. Reply from PrimeXBT Copy Trading. 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. You can also set Protection orders for any existing position by double clicking the position where you want to add Protection order. The platform provides deep liquidity by partnering with top liquidity providers, allows you to tailor leverage to your risk tolerance, and lets you hold trades longer without high costs. For example, the most important thing is that it is a trading system is one that you are comfortable with. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Prime Technology Ltd is PrimeXBT’s Technology Provider. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. Crypto Rand currently offers a single subscription for $200 a month that includes. Our website uses cookies. 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. Traders can select “add widget” and they will be given a list of different ones to choose from. Charting tools are essential for conducting technical analysis, which is a critical component of successful trading. Bitcoin has a margin requirement of 1% 1:100 leverage.

“Scam Broker” Concerns

Scan the QR code with your device’s camera and get APK file. 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. As with any other form of trading, shorting benefits from using leverage. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. 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. Orders can be rejected for numerous reasons, such as available margin being insufficient or markets for the selected instrument being closed, etc. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. The fees for withdrawals are as follows. For example, if you deposited with Volet, you must also withdraw using Volet. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Make sure to review our special guide about Promo codes. In terms of features, the mobile app gives you access to its copy trading, coin exchange, and margin trading, however, the ability to participate in contests is not supported. 00 amRite II Worship, Sanctuary. A short position involves selling an asset with the expectation that its price will fall, planning to buy it back at a lower price. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Founded in 2018, it currently serves more than one million customers from different countries. Our Help Center is always here if you need any guidance. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Many trading success stories prove its effectiveness. It’s all treat without. This allows a trader to take a much bigger position than usual and therefore can increase profit. We’re introducing a cryptocurrency exchange service – now you can convert your wallet balance between BTC, ETH, USDT, and USDC with just a few clicks. When we used PrimeXBT, we rated the competitive leverage rates, with cryptos BTC and ETH offering up to 1:200. Click “Trade” to start trading in the tournament on a demo account. This is supplemented with a selection of video tutorials and visual guides and a help centre with a fleshed out FAQ section.

Bybit vs PrimeXBT: Products and Services

However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. The interface balances simplicity with comprehensive features, customizable for individual trading needs, with robust technical analysis tools readily available. 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. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. We’re here to help you. Traders managing their own funds often receive additional capital from investors and earn a percentage of the resulting profits. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Stay informed about market trends and news by following reputable news sources and financial publications, monitoring key economic indicators, using market analysis tools, following influential traders and analysts on social media, and utilizing PrimeXBT’s educational resources and market analysis updates. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. If you trade a great deal of volume on an exchange, then these fees add up on a cumulative basis. We are always here to help you. A market order is an instant order. They use trusted services for these transactions to keep things safe and reliable. Before diving into leverage trading, it’s crucial to understand the risks involved. To view or add a comment, sign in. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. PrimeXBT’s KYC Procedures.

Level 1

This means that all communication that you send the exchange will be encrypted and make it hard for any malicious actors to intercept it. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. EURO VS DOLLAR EUR/USD: The EUR/USD pair has also been an interesting one to trade recently. When placing a market order or otherwise to trade Cryptocurrency, traders will want the order to fill as close to the selected entry. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. PrimeXBT offers a variety of deposit options. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Using a leverage ratio of 1:100 is a great way for newer traders to get comfortable calculating their risk to reward ratio and ensuring their positions all meet the 1% rule and risk management strategy. At PrimeXBT, innovation is the main focus. Below are the commission rates.

How can I manage the risks of leverage on PrimeXBT?

They have developed their own trading technology, making the platform robust with plenty of key features. Date of experience: July 30, 2024. Tournaments for traders. 3 PrimeXBT fees: PrimeXBT offers some of the competitive fees. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. Our website uses cookies. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. In terms of funding an account, there are no fees that are applied to inward payments. Investors can profit from these more reliable cryptocurrencies by trading them using CFDs on PrimeXBT. It displays the latest actual price of the coin, the maximum price for the day, the minimum for the day, the trading volume, and the prevailing trend: upward or downward. The futures sector is a fascinating aspect of the crypto trading world. PrimeXBT does not specify a uniform minimum deposit amount as it depends on the market conditions and the cryptocurrency used for depositing. Advanced encryption: All data transmitted on the PrimeXBT platform is encrypted using SSL/TLS protocols. 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. Offers a demo account for practice. The agency’s experts have no doubt that the price of one Stellar Lumens token is quite capable of exceeding the $ 1. 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.

EOS EOS

It’s all treat without. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. 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. This magnification of your trading power can lead to substantial gains or losses, depending on the market’s movement. We’re invested in your success, which is why we give you exclusive bonuses and rewards, just for completing simple tasks, so you can make the most of market opportunities. PrimeXBT boasts an average order execution speed below 7. 99% fee, not PrimeXBT. Unlike traditional currencies, which can be printed in unlimited quantities, Bitcoin’s finite supply creates scarcity, which helps drive its value. Verify that Zengo supports the token as well as the network. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Given the damage done by the FTX collapse, all of crypto is in a heightened sense of alertness when it comes to what is actually held by the crypto exchanges. McCaleb served as chief technology officer until 2013. 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. Usually, the crypto market will be hyped when the price of Bitcoin reaches certain levels, which fuels demand and causes price gains. However, as Ethereum has moved over to proof of stake, there are those out there who believe the growth rate will be much slower. By subtracting the original cost base from the proceeds, you’ll be able to calculate and declare the resulting capital gain or loss. Users can access various asset classes such as stock indices, commodities, forex, and metals, all within the same platform. However, it should be noted that massive selloffs are nothing new in crypto, with recoveries following shortly. Our 24/7 support team here to help. If you don’t already have a PrimeXBT account you’ll need to create one. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Returns or profits may be subject to capital gains tax. One of the best aspects of the platform is their support team. Below is an example of how leverage will work on the PrimeXBT platform. They will either increase the monetary supply or decrease it.

Can I compete in contests with my real trading account?

I opened this long position with a tight stop loss. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Remember, each promo code has its own rules and conditions, so be sure to review these before activation. Join 1M+ traders who choose PrimeXBT as their go to trading platform. An alternative strategy to trading Bitcoin is hedging. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Chainlink’s native token LINK, pays Chainlink node operators engaging in tasks such as retrieving off chain data, formatting it, and conducting off chain computations. Entire infrastructure is designed to facilitate high number of orders per second and extreme loads, while offering ultra fast order execution and low latency. A long position is when you buy an asset expecting the price to rise. Copy Trading: PrimeXBT enables users to copy the strategies of leading traders through the ‘Copy Trading’ product. With this also comes high cybersecurity standards that are regularly tested and audited to protect client’s capital. Since it’s on PrimeXBT’s trading platform, traders can easily customize those too. Whether or not the cryptocurrency exchange accepts payments via MasterCard. It offers mobile apps for Android and iOS, allowing you to trade on the go. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. This can occur due to slippage, especially in fast moving or thin markets. Its chart is powered by TradingView, which means you can overlay a whole host of measurement tools and patterns, as well as add indicators and change the time frame of the chart. PrimeXBT support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply.

BYDFI

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. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. The platform provides a variety of free deposit options for both crypto and fiat. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. Interestingly, PrimeXBT is very transparent and open with its fees. It is worth noting that Perfect Money charges the 1. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. Best regards,The PrimeXBT Team. It has gained popularity for its crypto margin trading capabilities. Note that if you don’t already own this cryptocurrency you’ll either have to deposit in it your wallet or head to the Global Markets page to buy it. These products are not suitable for all investors. From under $1, ETH rocketed to $1,400 per coin, only to fall by 94% to $80 each. PrimeXBT adheres to these regulations to maintain its credibility and ensure the safety of its users. Get the latest creative news from Bitcoinsensus. Users can request specific nodes to provide data. This feature comes in extremely handy if you have specific targets in mind before entering the position. To seize this exclusive welcome bonus offer. When using live chat, I usually received a response within 2 minutes. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 2 days ago Kim Sorgson. Receive the latest news and stay informed. 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. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. The price of the coin has the classic volatility known in the space, and many people are predicting its future to be better and to offer higher prices in the coming months, and years. We compared PrimeXBT with top competitors regarding deposit options. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. BTCC is a digital asset platform offering exchanges, mining pools, and wallets.

PrimeXBT what is it?

Aave, like its crypto ticker symbol LEND, suggests it is a protocol designed for decentralized lending and borrowing of crypto tokens over the Ethereum blockchain. Compare over 25 exchanges and 5,000 cryptocurrencies. By following these steps, you can successfully make a deposit on PrimeXBT via the Volet. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Security is key on PrimeXBT, letting users trade safely. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The responsive design facilitates trading on various devices. Enter the PrimeXBT promo code provided at checkout and make your deposit. Is the bonus still avaible. Share your link on social media and elsewhere on the internet.

Worse

When a customer deposits $2500 or more, they get a bonus $500. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Enjoy content without interruptions. Advanced trading concepts can be confusing for beginners. These tools make trading fast and efficient. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. However, depositing or withdrawing fiat currency will require KYC identity verification. PrimeXBT ensures security with 2FA, SSL encryption, DDoS protection, and more. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. These timeframes will vary for different currencies as well as blockchain congestion. Koinly crypto tax software makes it easy to do your crypto taxes whichever exchange, wallet, or blockchain you’re using. We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. You can open a demo account in PrimeXBT only if you participate in the traders’ tournament. The first thing you’ll see when you register onto the platform is its seamless user experience. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. “As well as bringing improvements to smart contracts, the upgrade is part of the Basho phase of the Cardano roadmap, which focuses on scaling and network and ledger optimisation and will bring multiple improvements to the ledger. In this PrimeXBT review, we’ll explore everything a starting trader needs.

What is Cardano?

4 Government Regulations/Initiatives for the Market. These products are not suitable for all investors. Our guidance is designed to empower our followers with the knowledge and tools needed for a rewarding copy trading experience. To add a withdrawal address, British users need to access their account, navigate to the ‘Wallet’ section, choose the cryptocurrency they wish to withdraw, and then enter or scan the withdrawal address. We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. Make sure you understand what will be the relationship between you and your broker or financial professional. We do not recommend investing money you cannot afford to lose. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. While Cardano has certain distinctive qualities and room for expansion, other cryptocurrencies also have their advantages and positions in the market. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. Opinions regarding PrimeXBT are mixed, as you can see in our comment section below. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. These services are governed by the legal terms and conditions of PXBT. Actively utilise stop losses:Stop losses are a powerful tool to limit downside when providers hit roughpatches. Coinpanda supports the following transactions from PrimeXBT today. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Com shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. Prime xbt is cheaper. By incorporating these risk management techniques into your trading strategy, you can protect your capital and improve your chances of long term profitability with instant trading on PrimeXBT. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. You can only avail of this deposit bonus before your first transaction by using the ‘TMMBONUS’ promo code. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. 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. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices.