PrimeXBT Review

For me, I would not deposit much money or any Giao dịch thời gian thực PrimeXBT with an unregulated or unlicensed exchange. That’s everything there is to it. Approaching cryptocurrency signals with a mix of scepticism and proactive risk management will ensure you will be able to reap the rewards while safeguarding against potential hazards. It takes just a few minutes to get started. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Through 24/7 live customer support and advanced tools, we empower our users for trading success. 1389% based on the type of trade. This requires you to provide a verification code from an authenticator app, such as Google Authenticator, in addition to your regular login credentials. Fortunately, many platforms like PrimeXBT offer educational resources and tools to help users gain a deeper understanding of leverage trading. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Yes and it’s already happening. For a complete list of restricted regions, refer to Section 1. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. There’s no need for you to pay a huge amount of money when purchasing products from Primexbt. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. This emphasizes the importance of a strict money management strategy when trading on margin. PrimeXBT also offers affiliate programs to earn even greater rewards through referrals. Aside from the trading interface, Bybit is quite nice to use in terms of navigation. PrimeXBT charges no fees on deposits. We are here to assist you. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices.

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As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. A short position involves selling an asset with the expectation that its price will fall, planning to buy it back at a lower price. This is exemplified by our core values, which align with our mission, and help us achieve our vision. Trading involves risk. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Warning : Trading leveraged futures products is incredibly risky. For example, the withdrawal fee for Bitcoin is typically 0. The reason for this is simple: your free margin depends on the unrealized profits and losses of your open crypto trades. We’re delighted to hear that you find our platform convenient for trading both crypto and forex pairs. Unlimited for verified users. You go long if you believe prices will increase or short if you think they will fall. Whenever I’ve had questions, they’ve provided clear and helpful guidance every time. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs.

PrimeXBT Trading Platform

The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Any position closed before 00:00 UTC will not be subject to overnight financing. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Additionally, check if the platform supports your preferred language and complies with local regulations. Here are some options you may consider. Crafting a clear and comprehensive trading plan is crucial for maximising your success and minimising risks. Can I change my leverage. Long and short positions mean that traders can profit both ways the market direction heads. Select Verify Account.

How to start Bitcoin leverage trading

Successful traders know why they are getting into the market, and when it is time to get out. Com and its affiliates will not be held responsible for any damages or losses incurred in your trades. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. This is not something that we have seen on other charting packages developed by an exchange. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Free $10,000 Practice Account. Apart from this, you might also come across promo codes that offer a percentage of bonus on top of your deposit, such as a 35% or 50% bonus. Read more about PrimeXBT in our PrimeXBT exchange review. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. We’re a global FinTech company located in Saint Lucia. The easiest way to take advantage of the market price fluctuations will be to trade Crypto Futures. You may also choose how much of your capital you want to allocate to a trader, as well as your total risks per trade. Titles should accurately represent the content being linked to and not be in all caps. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Date of experience: November 11, 2024. These regulations can vary significantly from one region to another, leading to restrictions on the platform’s availability in certain areas. Cardano’s price has been quite volatile, along with the rest of the Crypto world. 2024 00343, having its registered office address at PKF Corporate Services Ltd. This section will explore these resources and provide information on how to access them.

Is PrimeXBT Right for You?

Moreover, the bid ask spread can also affect the accuracy of market orders. Storing Bitcoin safely involves a cold storage wallet solution, or relying on an award winning trading platform’s internal wallet system such as PrimeXBT. If you have any further questions or need assistance, please don’t hesitate to reach out at. The way Crypto signals work is very easy to understand. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The disadvantage is that isolated margin has a higher liquidation risk. To access it, navigate to ‘Hub’ and select ‘Referral Program. ImhoThat’s why I decided to trade here. With PrimeXBT, buying Bitcoin and other Crypto is just the beginning. Circle, the issuer of popular stablecoins USDC and EURC, has expanded its reach by launching EURC on Coinbase’s Ethereum layer 2 network, Base. For instance, BTC withdrawals are pegged at a static 0. My experience with PrimeXBT’s customer support was mixed.

Cryptocurrencies Available on PrimeXBT

This is much different than most markets that you may be used to, such as futures or stock markets. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Some traders will stick to one particular commodity, while others will trade multiple markets. This comparison will delve into the detailed features, fee structures, security measures, and user experience provided by PrimeXBT and BitSeven. Additionally, PrimeXBT offers various deposit options, including both fiat and Cryptocurrency, to suit your preferences. PrimeXBT provides layered research content developed in house. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. 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. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. This calculation does not include the commissions or any overnight funding charges, which should be minimal. The exact price needs to be hit. The community comprises the users of the underlying network, token holders and other people that generally support the project. Pros and cons of market diversity on PrimeXBT.

Cryptocurrency Processing Time Deposits

This can be a passport or other form of identification. Guys, if you want to trade crypto assets, check PrimeXBT. Deposit Purchase crypto via bank card or transfer via third party companies. This allows users to buy and sell cryptos 24/7 from a user friendly platform and app. Not the marine mammal, but crypto whales – i. Having said that, if you decide to try out this main feature of PrimeXBT, then you will need to register an account. This section will provide an overview of these fees to help you understand the overall cost of trading on PrimeXBT. When trading with PrimeXBT, you get access to CFDs on a wide range of financial instruments, allowing you to efficiently diversify your portfolio and take advantage of leverage and margin trading. To conclude, PrimeXBT has successfully navigated the competitive trading landscape by distinguishing itself from its rivals, which has led to impressive growth and expansion. Khary Robinson is the Executive Chairman of Norbrook Equity Partners « NEP », a holding company that acquires and operates privately owned businesses in emerging and niche markets. Strategy Managers Profit and Loss. The content is written in an easy to understand language without intentionally misleading language. The DeFi expansion continued and as 2023 ended, ETH went from highs to highs. It serves clients in over 150 countries and has over 100 trading assets available. External link for PrimeXBT. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze. Want to buy, sell, and trade crypto without KYC verification. It’s all a case by case scenario. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. When funding your PrimeXBT account, you may encounter deposit fees, depending on the payment method you choose. Titles and posts must be in English. Limit orders allow traders to specify the price at which they are willing to buy or sell an asset. Check out our full PrimeXBT review to learn if it’s right for you. They only have two types of fees, and these are the trade fee and the overnight fee. The first step in your trading career is to open up your first trade. Its intuitiveness and simplicity provided a pleasant trading experience. After the drop seen in 2022, Ethereum seems on track to grow into 2024.

How to calculate PrimeXBT fees?

Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. This bonus is designed to enhance your trading experience by offering additional capital and benefits. Bitcoin and many other cryptocurrencies are decentralized, digital assets that act as a transfer of value, store of wealth, or as a payment currency. Copper is a vital component in numerous industries, copper consistently attracts investor interest therefore maintains its value in the global market. To look at the Shiba Inu ecosystem requires an understanding of its tokens, of which there are four. Here is a look at the margin requirements for the 11 supported indices. 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. The copy trader receives 60% of the profit, the signal provider 20%, and PrimeXBT 20%. Back then, it was traded for illegal goods, while today, the asset is traded for real dollars and other altcoins back and forth for a profit. Price volatility is why new investors are advised against crypto investments. Since then, Cardano price has been very negative until recently. I participated in demo trading tournaments, which are an interesting way to test skills without additional risks.

Volume by Market Pair

They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. Litecoin has been through two bear markets now, and after the first peak fell to as low as $1. International users who can use FTX International may prefer FTX, and international users at both FTX and PrimeXBT can trade without KYC as a bonus. This is an alarm bell for many, as it means there is no authoritative body to hold the platform accountable or enforce any sort of laws or rules. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. Open the downloaded file and tap Install to complete the installation. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. 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. But if you want our honest opinion, you are better off using other exchanges we’ve reviewed. We will examine the asset offerings, trading platform, and other aspects of the broker in this in depth review of PrimeXBT, providing traders with all the information they require to determine whether this is the right broker for them. Attend exclusive PrimeXBT events, network with other clients and learn new skills. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. 62% drop in the combined market cap. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT only offers one account type that includes all of the broker’s services. This strategy allows you to benefit the most from profits gained over an extensive period of time, to minimise your risk, and avoid the majority of losses that may come with trading during extreme market volatility. 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. Margex is not licensed by any major regulatory authority.

Step 3: Withdrawal and Review

This is in addition to providing education and tools they need to succeed, regardless of their financial experience. Be sure you fully understand the risks involved in leveraged trading before using leverage on a live account. PrimeXBT adheres to these regulations to maintain its credibility and ensure the safety of its users. Index Trading Platforms. The forced liquidation of the account is very difficult to overcome. Telegram channels, often used for signal distribution, can be breeding grounds for scams and fraudulent activities. However, it does not incorporate any third party research tools like Trading Central and Autochartist, which could make its market research content more nuanced and comprehensive. 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. Get it in the Microsoft Store. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. We’re delighted to hear that you find our educational articles useful, even as a seasoned trader. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Through a trading plan, you can determine whether you want to become a day trader or a long term trader. Disclaimer: FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. With Futures a trader has an obligation to buy or sell a contract before an expiry date, while Options provide traders with the right to do so, but not the obligation. I had to withdraw $1000 for some emergencies and they paid me just right on time. Demo account/Paper Trading. This section will explore PrimeXBT’s global reach, highlighting the countries where it is available and those where it faces restrictions. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough.

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This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. We’re delighted to hear that we exceeded your expectations with our prompt and helpful responses. Keep rocking those trades. It is a slow and steady growth forecast for the next couple of years, but they expect things to go somewhat exponential in 2027. The most recent encryption technology is used by PrimeXBT to guarantee the security of every transaction. Best Wallet is the best crypto exchange in 2024 due to its low trading costs, huge range of tradable assets, and unique trading features. 1 Turbo prediction interface – change chart settings and make predictions. LINK is the native token for the Chainlink network; it is built on the Ethereum platform, making them compliant with its protocols.

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These fees are designed to cover the cost of borrowing the funds needed to maintain the position. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. We appreciate your appreciation and are here to support your trading journey. With the integration of TradingView charts, I find PrimeXBT WebTrader is powerful, versatile, and well suited for in depth technical analysis. Depending on your jurisdiction, some products or services might not be available. You can also set stop and limit orders to protect you from taking a huge risk. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. Additionally, PrimeXBT displays order book and live trade data alongside the price charts.

HIZLI MENÜ

The phrase « it is still early » is accurate for crypto. 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. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance.  » Handelaren kunnen nog steeds de munten houden of hun posities sluiten, maar nieuwe handelaren zullen geen posities kunnen openen. 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. Com might not always be available or working. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. 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. Stellar lumens is just one of many cryptocurrencies across the market. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. The Copy Trading platform handles all the complicated work of syncing trades seamlessly in the background. This process is designed to comply with regulatory requirements and enhance the platform’s security measures. This table provides a quick reference to the key aspects of leverage on PrimeXBT, including their descriptions, benefits, and risks. PrimeXBT presents a commission free pricing environment for all non crypto assets and levies a 0. This causes a slight delay in funds being available in the account. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Whether there are limits on the withdrawal amount is not specified on the site. Do you want to know if PrimeXBT truly stands out among the competition and if it’s worth your time and investment. I want to be a members member. It will be distributed to eligible clients during the promotional period, and you will receive an email notification once the funds are credited. We have the fee breakdown for a selection of assets in the table below. Make sure to check our list of the top exchanges for leverage trading Bitcoin. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. In 2023, despite market downturns, Polygon’s network continued expanding, supported by major partnerships with companies like Nike and Starbucks.

Updated Dec 13th, 2024

Our team of experts have been through plenty of offers on the market and know what to keep an eye out for while browsing through an online broker’s service. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Guess what happened next, Bitcoin reached this price and I got my piece of profit. PrimeXBT is currently offering you a chance to earn a 35% welcome deposit bonus to all its new users. 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. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. This means affiliates will receive 50% of their qualified referral’s profit generated on this platform. Each of these features contributes to making PrimeXBT a preferred choice for cryptocurrency traders. Coupons and Promo Codes. 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. Moreover, users can conveniently transact in US dollars. By consolidating essential trading infrastructure under one roof, PrimeXBT provides clients the tools to seize opportunities however markets unfold. I strongly advise against using Primexbt as a broker. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. Act fast and order now. With a primary focus on cryptocurrencies, PrimeXBT offers a variety of deposit and withdrawal methods. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities.