PrimeXBT Review: Key Takeaways

Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Areas for Improvement. Click ‘Deposit’ and follow the prompts. Key features of the PrimeXBT trading platform include. Do not fall victim to the Bystander Effect and think someone else will report it. ✅You must specify the amount you want to withdraw. PrimeXBT’s strong security measures, including SSL encryption, 2FA, and address whitelisting, ensure the safety of user accounts and funds. For a complete list of restricted regions, refer to Section 1. Typos when entering numbers. The goal is to ensure that their clients enjoy the highest level of security and privacy. PrimeXBT has taken all the necessary steps to implement impenetrable security. Each promo code on PrimeXBT comes with its own set of terms and conditions. There are also weekly trading competitions at PrimeXBT Contests, where users can win free crypto. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. Several experts have weighed in on the future potential of Polygon, offering a wide range of POL ex MATIC price predictions based on different factors like market trends, institutional adoption, and network developments.

PrimeXBT Review – Are They Safe or a Scam?

Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Com is provided solely for informational and educational purposes. Available on all browsers. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. We personally contact support using all available methods and present hypothetical problems that users might face. This review will explore what makes PrimeXBT great, like its wide range of financial tools and easy to use interface. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of instruments like crypto, FX, and commodities. As a quick reminder, cross margin means all assets in a user’s account are used as collateral for their open positions, and isolated margin means only a specific amount of collateral is allocated for a particular position. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Here you can trade with both cross and isolated margin which certainly stresses the broker’s commitment to ensuring universal infrastrcture. Each asset class has its own fee structure, reflecting the different market conditions and risk profiles associated with each type of asset. Additionally, there are a number of products and processes that allow traders to be even more agile and profitable that have come in from traditional trading settings. 508 in the next 5 7 years. Hello Mehmet,Thank you for sharing your experience. While it can amplify your profits, it can also significantly magnify your losses. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Get huge savings on the biggest crypto brands with custom discounts and deals. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Whether you are a trend following trader, day trader, or HODLer, PrimeXBT’s trading platform allows you to seamlessly execute your trading ideas with extremely low fees. The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. This prevents unauthorized transfers even if someone gains access to your account. Although he is heavily focused on Cardano, he is also the director of The Bitcoin Education project that supports the first ever Cryptocurrency. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge.

PrimeXBT Leverage Trading – Up To 100X

Best regards,The PrimeXBT Team. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. I decided to give the Covesting feature a go, one that allows you to copy the trades that experienced traders have already made. The potential for Chainlink’s growth is undeniable, but reaching $1000 would be a substantial increase from the current price levels. These resources help beginners understand the intricacies of trading and stay informed about market trends, enhancing their ability to make informed decisions. Reply from PrimeXBT Copy Trading. Our clients love how fast and simple our sign up is. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Besides, there are over 100 CFDs available for trading and it’s for those who consider crypto futures a bit risky. They include both maker and taker fees, Operando en PrimeXBT which are charged when executing trades. Wondering how PrimeXBT works. Litecoin has been through two bear markets now, and after the first peak fell to as low as $1. 01 BTC at the current price of $15,470. The list of reputable and secure no KYC crypto exchanges gets smaller each year as government agencies including tax offices crackdown on crypto exchanges by requiring them to collect personal data and comply with regulatory requirements like issuing 1099 forms. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Returns or profits may be subject to capital gains tax. For example, a welcome bonus may require a minimum deposit of $500 or more. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 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. Advanced charting tools on the platform enabled me to make an analysis of the trends in the market, so I made an informed decision. According to Blockchain Centre’s Altcoin Season Index, the score has reached 61 out of 100, closing in on the 75 level needed to signal the start of Altcoin Season. Let’s start by examining limit orders in detail. Next, we will explore the importance of KYC compliance and its impact on trading activities on PrimeXBT. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles.

Key factors influencing Polygon price prediction in 2024

Candlesticks will show the performance of an asset within a given timeframe, and the pattern will change depending on the selected duration. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Keeping cryptocurrencies online increases the attack surface or risk of having your funds stolen as they are a digital asset. Withdrawing from the Zengo wallet is very easy. The oracle Chainlink addresses a string of characters that will point the user to a specific process or collection of data to be used on the blockchain. The margin options are also excellent, providing flexibility. However, insurance coverage is still rare within the crypto industry. In conclusion, PrimeXBT is a robust trading platform that offers advanced features like copy trading, a user friendly interface, and competitive fees. Scan this code to download app. Back in August, PrimeXBT launched its Covesting Copy Trading Platform to the public. In the top left quadrant of the PrimeXBT dashboard, you’ll find a blue “Deposit” button that will take you through to the deposit screen. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Prime XBT also offers investment opportunities in popular stock baskets, including NASDAQ, HK HSI, DOWJ, SandP 500, and more, enabling traders to diversify their portfolios and speculate on specific markets. With the continuous expansion of DeFi and decentralized applications dApps, Polygon’s demand is expected to increase significantly​.

How does PrimeXBT make money?

Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Primexbt offers leveraged trading with leverage up to 100 times the trader’s contribution. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. While this leverage is lower than other platforms, eToro compensates with unparalleled benefits, such as comprehensive regulation by FINRA, CySEC, FCA and ASIC. It is imperative to look if the developers have been involved in any other software ventures in the past and their track record in these projects. The mobile app includes all the features of the web based platform, allowing traders to. Imagine making profits and not being able to withdraw your earnings smoothly. If you don’t know what CFD trading means, please read our crypto spot vs crypto cfd guide first and come back. The program is hosted by PrimeXBT, so marketers don’t have to worry about its legitimacy. This trading venue is a mix between a crypto exchange, a crypto CFD broker and more recently, a Binary Options and Forex broker. The collection of oil producing nations have aligned themselves to be very much in control of the Crude oil production growth/reduction, supply, and regulation of price of a barrel of oil. Educational resources are abundant, and you can test the platform with a free demo account, supported by round the clock customer service. Happy trading and learning. For fiat withdrawals, navigate to the “Wallets” section on your account’s main page, click “Withdraw,” and select the method to proceed. Currently, PrimeXBT does not offer MetaTrader 4 or MetaTrader 5 platforms. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. It could be hard for publishers to exceed this balance in a week to receive and withdraw their money. The CFD market will allow you to buy and short Ethereum, getting in and out of the market quickly instead of taking delivery.

Install the APK:

All in all, PrimeXBT appears to be a very well rounded trading platform. Withdrawal fees, on the other hand, are set at 0. 0, the network becomes faster, more secure, and easier to use across different blockchain platforms. This involves understanding the markets, analyzing trends, and making informed decisions based on data. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. $20,000 or equivalent for unverified users. For more information, please see our Cookie Notice and our Privacy Policy. PrimeXBT has dynamic financing fees and low trade fees of 0. It serves clients in over 150 countries and has over 100 trading assets available. Go to Settings > Security and enable Install from Unknown Sources if prompted. Email usto arrange a time to discuss. The majority of cryptocurrency exchanges use the Maker/Taker fee model. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. Binance, on the other hand, is renowned for its vast selection of cryptocurrencies. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. After processing, the usual timeframe for ACH withdrawals to reach the user’s bank is 2 4 business days, excluding weekends and holidays. By actively monitoring and managing your Covesting investments, you can optimize your returns and achieve your investment goals more effectively. Setting up payments on PrimeXBT is straightforward, but it requires a clear understanding of the available options and the steps involved. These products are not suitable for all investors. Additionally, withdrawals to a bank card come with a hefty 5% fee. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. LINK is the native token for the Chainlink network; it is built on the Ethereum platform, making them compliant with its protocols.

What is the spread?

By understanding the global reach and benefits of PrimeXBT, traders can navigate the platform more effectively and optimize their trading strategies. Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. Io, Binance, UPHOLD, and Coinbase Exchange. Select additional content. Exchange reserve data also confirmed growing confidence among ATH holders. 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. BITCOIN BTC/USD: Bitcoin appears to have narrowly missed the highly anticipated $100,000. Thank you for your feedback and for trading with PrimeXBT. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. 100% of users recommend this product. The company is registered in Seychelles and serves clients in over 150 countries. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. In the registration form that opens, enter your email and a password. The market tends to get spooked whenever there is a shift in the global crypto regulations. PrimeXBT has further helped users pick their ideal trader to copy by creating a Wall of Fame. Your review has been sent; it will appear on the website after it is screened by a moderator. Additionally, withdrawals to a bank card come with a hefty 5% fee. This might be a drawback for traders wanting a lot of market options.

Popular Pages

I’ve been using the platform for several months now and have run into very few problems. You can click on each individual Contest for detailed statistics about your trades and the minimum qualification requirements. Register and join our community with millions of traders from all around the world. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The PrimeXBT Website is operated by Prime Technology Ltd, a Seychelles registered company No. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Some brokerage platforms will give you up to 100x leverage, allowing them to create large positions that they would not normally create with their capital. Traders must be aware of these regulations to avoid potential issues and ensure a smooth trading experience. Scan the QR code with your device’s camera and get APK file. Disclaimer: By using this website, you agree to the Terms and Conditions. These products are not suitable for all investors. Chart candles on PrimeXBT reflect the Bid price of an asset. Open the downloaded file and tap Install to complete the installation. In that case, you don’t have to buy or sell XRP/BTC but only speculate on their price variation using Bitcoin. Date of experience: April 20, 2024. Its progression mirrors the unpredictable and dynamic nature of the crypto world. Currently, you cannot spot trade cryptocurrencies through our web, MT4 and third party platforms. Unlimited via Perfect Money. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. This pushes privacy conscious users toward no KYC crypto exchanges, which allow trading without personal info. The information on this website is for educational purposes only, and investing carries risks.

May 23, 2024

Its price volatility presents an opportunity for traders to profit from both long and short positions as the cryptocurrency oscillates between its highs and lows. One of Bitget’s standout features is its extensive cryptocurrency support. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Best regards,The PrimeXBT Team. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. We understand that starting out can come with questions, and we’re glad to assist whenever needed. Bitcoin is among the more volatile financial assets trading today, which initially made the asset notorious but has eventually become a benefit. While Cardano has shown a lot of promise and even has been used in various scenarios, Cardano is notoriously slow to develop. Even so, Binance has set itself apart by offering an insurance fund for user assets. Returns or profits may be subject to capital gains tax. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. PrimeXBT boasts an average order execution speed below 7. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. Best regards,The PrimeXBT Team.

Joaquin Lopez

These services are governed by the legal terms and conditions of PXBT. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain. XRP potential is enormous, but there are a lot of things to understand. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. The process involves logging into your PrimeXBT account, selecting the desired trading pair or asset, and adjusting the leverage settings. 📊💼 Diversify and optimize your investments with PrimeXBT. PrimeXBT reserves the right to revoke bonuses if users are found to violate the platform’s terms and conditions. Efficient order execution is a critical aspect of any trading platform. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading. Our goal is to provide a supportive trading environment and access to experienced traders who can help navigate through market volatilities. In my opinion, this platform is gaining popularity in the crypto trading community. If the price falls by 10%, you can repurchase it back for $4500 and return it to the exchange. He joined NCB Capital Markets in 2013 to lead the firm’s regional private equity investment initiative. It is designed to appeal to both high frequency traders and those making occasional trades. Recently, there have been signs of life in this coin, so it is gradually entering the mainstream conversation again. 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. Calculating these costs in advance can help in making more informed trading decisions and avoiding unexpected expenses. We are always here to help you. For beginners, having multiple options available simplifies the process of finding the right cryptocurrencies to trade. When it comes to security, PrimeXBT does not compromise. Additionally, be wary of emails or messages asking for private keys or login credentials. I thought I was safe.

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Diversify across more than just Crypto. 1:10 or 1:20, and low leverage e. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. We earn a small commission when you purchase a product or service via a link on our site. Hay todo tipo de comercio de criptomonedas, sin restricciones en las estrategias. Is this just a marketing spiel, or does it genuinely deliver. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Step 3: Initiate the Transfer. 0005 BTC for BTC withdrawals, 0. Fixed spreads remain constant regardless of market fluctuations, while variable spreads can widen during periods of high volatility. PrimeXBT gets high ratings on sites like G2, Trustpilot, and Reddit, averaging 4–4. The first thing you need is a broker like PrimeXBT. When using live chat, I usually received a response within 2 minutes. The reason to trade via leverage is to increase profit potential. Detailed information regarding the minimum/maximum order size and exposure limits for all available instruments can be found on the ‘Fees’ page.

Number of Cryptocurrencies

However, there’s a demo version for new users who are unsure about using the exchange. Trade Crypto Futures Contracts incl. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. Insights into PrimeXBT’s Cryptocurrency Trading. The number of crypto assets is very limited, with only 5 choices Bitcoin, Ethereum, Litecoin, EOS and Ripple’s XRP but they’ve recently introduced fiat currencies and a few indices. Yes, fees vary depending on the asset type and trading volume. Once finished you can click “Place Buy Order” to place your trade. 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. How a platform looks is in the eyes of the beholder, but it doesn’t hurt to have a platform that has a clean and classy visual appeal and makes use of multiple monitors when necessary. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. Checking liquidity across multiple trading pairs ensures that you can make large trades without price fluctuations. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance.

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Injective Protocol INJ. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. $2,000 by bank card. However, the lack of regulation should be considered as a potential risk. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Years ago, there were only few platforms to choose from, making finding the right one for each investor that much more challenging. Here, we’ll explore key concepts like leverage ratios, margin, and their impact on your trading experience. However, according to the platform’s KYC page. 📈 PrimeXBT now features TradingView price charts across all assets, empowering traders with advanced technical indicators and comprehensive market analysis tools.

Open free account

They wish to hide their credentials from authorities. For example, if you are able to buy $10 for every $1 used as margin, the leverage is 1:10 for that transaction. Select it in the drop down menu above and click “Compare Now”. Most of the coins kept at PrimeXBT are stored in cold storage, off line and disconnected from the internet, avoiding any risk of hackers penetrating the network. “Don” Martina 31, Curaçao. After registration, you will go to the Personal Cabinet with the trading platform, where you can. Lily is highly skilled at identifying exceptional offers for pet related products and accessories. Ethereum Name Service ENS. These offers, available for a limited period,. PrimeXBT was founded and registered in Seychelles in 2018 under the holding company name PrimeXBT trading services 148707. In fact, Bitcoin has been commonly referred to as digital gold. A platform with both advantages and limitations. The DOT token went through a redenomination process in August of 2020. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Our website uses cookies. To assist you effectively, we need more details about your account and transaction history. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. If taking risk makes you nervous, crypto will make you nervous if you are not prepared. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore diverse trading strategies. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. All things being equal, if you have a robust and profitable system, your financing costs should never threaten your overall profitability. Yes, PrimeXBT charges withdrawal fees, which vary depending on the withdrawal method and currency. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024.