Is PrimeXBT Safe?

Crypto KYC, or Know Your Customer, is a legal requirement for centralized exchanges to verify the identities of their users. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. If the app is unavailable in your region, you can still access it through direct download from our site. OpenPeer will never ask you for your personal details. Note: Users located in the US and UK are not supported. Here are the similarities and differences in the functionality of these terminals. These fees are typically a percentage of the assets under management AUM and are charged periodically. Profit from the markets by following the experts. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. But how does it compare to other platforms in the market.

PrimeXBT Review 2025

Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Each of these eras is centered around a set of functionalities that the blockchain will see introduced. The Demo Account is an invaluable tool for traders at all levels. Thank you for choosing PrimeXBT. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Understanding how these fees are calculated is crucial for managing long term positions. 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. Margin trading allows you to leverage funds provided by a third party for asset transactions. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. These fees are pretty competitive when you look around. In commodities, you can have markets go « limit up » several days in a row under extreme conditions. The platform has a strong reputation for reliability and a track record of safety and strong security.

In Summary

The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Date of experience: April 29, 2024. Law enforcement as the North Korean state sponsored Lazarus Group used phishing emails to gain access to five of nine Ronin chain validators. In dynamic markets, where www.primexbt.com forex trends can reverse unexpectedly, the trailing stop order shines. Pionex does have KYC, but like many other exchanges, there are different levels of KYC including Unverified, Level 1, and Level 2. The Cryptocurrency market has seen many ‘rising star’ tokens and incredible performers. Hotter than expected US inflation figures could see the market rein in expectations of a 50 basis point rate cut in the November fed meeting, which is currently being priced in at around a 50% probability. The platform is aimed both at traders who seek to make money on short term fluctuations in rates, and at ordinary buyers and sellers of cryptocurrency, for whom it is important to make transactions at favorable prices with low commissions. Any serious MATIC price prediction forecast will have to have a disclaimer on all of the unknown issues out there.

Is my money safe on a cryptocurrency exchange?

62%, enduring a steep monthly loss of 61. PrimeXBT delivered a seamless trading experience. PrimeXBT provides 24/7 customer support via live chat and email. It is important to note that Bybit supports derivatives and spot trading, as opposed to PrimeXBT, which only offers CFDs Contracts for Difference. Here, users can also modify orders with a stop loss or take profit level, or close out their positions. Polkadot is being traded on 104 cryptocurrency exchanges, including Binance and KuCoin. With PrimeXBT, traders are not restricted to only being able to trade crypto assets as is the case with many other crypto trading platforms. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. Bitcoin started off its life virtually worthless, with a value of far less than a penny when the Bitcoin Core client code was released into the wild. Register and join our community with millions of traders from all around the world. Make sure that you practice adequate risk management. Our clients love how fast and simple our sign up is. What is the performance of these tools in practical trading scenarios. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. When the limit price is reached, a position is opened. Those news traders can trigger a strong uptrend or sudden sell off in the currency when important headlines hit the newswires. Here at the Coin Bureau, we believe the mettle of something good can be tested over and over again and not found wanting. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. Also, one of the biggest advantages of Day Trading is the potential for profit is exponential. Fees which traders should take into consideration are. It will be distributed to eligible clients during the promotional period, and you will receive an email notification once the funds are credited.

Determining your price target

PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Plus, features like push notifications ensure you never miss an important update or opportunity. PrimeXBT is a perfect match for copy traders. PrimeXBT offers a beginner friendly platform to initiate your investment journey. In order to do this, you will need to provide them with an email and password. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. This increased demand can drive up the price of Ethereum, benefiting current holders and encouraging new investments. Comments: Limited technical analysis tools. As of the provided information, the following countries are banned from using PrimeXBT’s services. Although verifying your account isn’t a requirement, doing so will lift the 24h withdrawal limit of $20,000 for Crypto, and the deposit limit of $2,000 for Money deposits and alternative deposit methods. Responsive support and this is what I needed when was calculating taker/maker fees. With the integration of TradingView charts, I find PrimeXBT WebTrader is powerful, versatile, and well suited for in depth technical analysis. Copy your deposit address or scan the QR code. Margin trading has been popular in other markets as well, such as forex for example, and cryptocurrencies are no exception. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. You can fund your account in two ways, either through credit/debit cards or Bitcoin transfers. 2024 00343, having its registered office address at PKF Corporate Services Ltd.  » They allow participants to interact with each other without a centralized authority. 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. The platform natively offers multiple different ways to see the same data, including graphical trading interfaces which are interesting. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Simulation trading is good for honing skills, however, it does mitigate the fear and greed aspect of trading somewhat as there is no risk of loss, or potential for gain, and only trading with real money can bring that aspect to the fire for traders. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. 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. If Bitcoin price followed the same exact price trajectory to the next peak from the bottom, the cryptocurrency would reach a price of $325,000 per BTC by the end of 2021 alone. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Withdrawals on PrimeXBT are processed once daily between 12:00 and 14:00 UTC. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’.

How do I manage my risk when Copy Trading?

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. « , will make your life easier. After entering the code, select your country of residence from the drop down list. This focus on usability ensures a smooth experience for all users. If you click the pencil next to your «Margin Type:» you’ll open up the «Margin Edit» module and be able to adjust your margin and liquidity parameters. Besides, this threshold can change over time due to a variety of factors, including market volatility and changes in regulatory requirements. The platform offers a very limited range of crypto futures markets and conditional orders. While the PrimeXBT app offers a comprehensive trading experience, it is essential to compare it with the desktop platform to understand its full capabilities. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. PrimeXBT Trading Services, S. Dear Diego,Thank you for sharing your insights. Liquidity risk usually arises when trading with illiquid instruments, such as exotic Forex pairs, exotic cryptocurrencies, or low cap stocks. Trading Fees: The platform charges a flat trading fee of 0. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Scan the QR code with your device’s camera and get APK file. Users can track their active orders and open positions, ensuring they are always aware of their current trading activities and can make informed decisions on the go​​. Learn more about Baksta’s Legal Terms. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. These forecasts range from cautiously optimistic to highly bullish, depending on factors such as regulatory outcomes, market adoption, and overall crypto market trends. PrimeXBT’s mobile app provides much of the same features on their mobile app as they do on their website. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. Disclaimer: FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Our traders trade review each crypto signal for accuracy before sharing it with our VIP Members. 02% for takers when you remove liquidity and 0.  » In the ensuing « New Order » dialog, select « Sell.

About

When it comes to storing your passwords, PrimeXBT state that they use the « bcrypt » algorithm. PrimeXBT’s Turbo trading feature is particularly suitable for scalpers looking to execute rapid trades with fixed payouts. Best regards,The PrimeXBT Team. Besides the above mentioned deposit and withdrawal options, PrimeXBT provides local payment methods in Thailand, Vietnam, and Brazil. In our final thoughts, PrimeXBT shines with its trading tools, low fees, and secure setup. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. On the other hand, you can hold a position for several hours without having to pay the funding rate as long as your are in between the specific hours when funding occurs. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. Crypto Deposits: PrimeXBT offers free crypto deposits. Users can view a detailed breakdown of fees associated with using the platform. That dream has started to fade as investors realize that returns in the stock market could be done for some time. Unlimited via Perfect Money. Analyse the markets with powerful charting, to better identify opportunities. The first step is to check accepted countries for the PrimeXBT affiliate program since each company has different market preferences. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts. To get the most out of your PrimeXBT bonus, it’s essential to have a clear trading strategy. Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. For comparison, the average Bitcoin spread in the industry is around $34. As your volume increases, these fees can plummet to as low as 0. EToro is a cryptocurrency broker based in United Kingdom that launched its service in and offers individuals to buy and sell more than 62 cryptocurrencies.

Disclaimer

Deposit and Withdrawal Fees: PrimeXBT does not charge any fees for deposits. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Common PrimeXBT and Bitso Alternatives. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. It also was a part of the Reddit WallStreetBets and TikTok trend where users pumped the coin on Robinhood. Thank you for choosing PrimeXBT, and happy trading. They resolved my problem immediately, in no time. A sell limit order allows an investor to control the selling price with how much they are willing to sell the stock for.

PEPE Price Faces A 20% Drop Amid Heightened Whale Selloffs

All this adds up to one thing: PrimeXBT is the best option for storing Bitcoin safely and is the best of both worlds. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services. Regrettably, it does not address how PrimeXBT uses deposits. However, insurance coverage is still rare within the crypto industry. The guest posts featured on Coinpedia are contributed by external authors and reflect their personal opinions and viewpoints. PrimeXBT provides 24/7 customer support via live chat and email. As we’ve previously mentioned, PrimeXBT is a cryptocurrency exchange, and deposits are made exclusively in Bitcoin. It’s crafted to make your trading experience as seamless as possible. Regulatory developments can have a significant impact on the Cryptocurrency industry. Make sure that you read our PrimeXBT review to see what kinds of fees you’ll be facing for using this crypto leverage trading platform. Learn more about Baksta’s Legal Terms. The 24 hour trading volume amounts to $66348268204 USD. This website is owned by PrimeXBT PTY LTD. There’s nothing that I dislike yet, will review after some time but so far so good. The differences between social trading and copy trading are as follows. These include things such as the colours, grids and spacing. This is significantly lower than the industry average, making it an attractive option for active day traders and scalpers. Look around your home or office. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. This coupon, « Primexbt discount code: $80 credit site wide is available to use », is one we know you’ll like. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Keep up the great work. Now, it’s back trading at more than its former all time high and setting new records above $2,000 with much more to come. With 2FA enabled, every time you log in or make significant changes to your account, you will be prompted to enter a code from your 2FA app.

AIRDROPS

These are the account administration section, the information section and the actual trading platform itself. These allow traders to speculate on the price of that crypto asset without having to own that underlying asset—helpful for traders who don’t want to have to deal with securely storing digital assets. You won’t get better platform wise. To set up an account with PrimeXBT, follow these simple steps. Easily buy Crypto with Visa or Mastercard. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. PrimeXBT PTY LTD previously Stack Advisory 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. Do not stray conversation far from the post you’re commenting in. You can also get up to a $1000 futures trading reward as a free crypto sign up bonus. PrimeXBT has never suffered a hack or security breach during its operational history. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. While some investors look to significant price movement. If you have any other feedback or questions, don’t hesitate to contact us at. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Your satisfaction is our top priority, and we’re glad you’re enjoying your time on our platform. Deposits are free, but there are withdrawal fees for cryptocurrencies. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. PrimeXBT’s overnight financing rates are very low, at 0. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies.

Worse

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Verification can help ensure real people write reviews about real companies. We appreciate your perspective and understand that everyone’s experience can vary. You can open an account and start trading with just your email address. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT supports credit/debit cards, cryptocurrencies, and Volet for all traders. Because of PrimeXBT’s custom trading interface, this screen is highly customizable. The article adheres to our editorial guidelines for objective review. The bonus will be automatically credited to your account. These usually vary in regards to the minimum copy trading amounts, the minimum amount for a copied trade, and the way money in/out operations on behalf of the copied trader are reflected in the proportions between the copied copying accounts. While PrimeXBT’s platform supports one click trading, its lowest timeframe is one minute which is not ideal for scalping. Learn more about Baksta’s Legal Terms. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. Customers can fund their accounts by depositing via bank card or bank transfer. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Whether you’re a seasoned trader or new to the Crypto space, PrimeXBT makes it easy to invest in POL ex MATIC, and gives you the tools to manage risks and explore growth opportunities. Lets see how it goes. However, the broker’s educational content lacks diversity and breadth. PrimeXBT, a leading trading platform, implements a KYC process to ensure the security and compliance of its users. Unlike Bitcoin, which adds new coins through mining until its cap is reached, XRP’s entire supply was minted at inception. The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT is known for its advanced trading technology.

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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. Please note that the availability of these payment methods may vary depending on the user’s location. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Best regards,The PrimeXBT Team. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 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. So the next time that you see a Bitcoin price drop, remember that the best way to prevent losses is to learn cryptocurrency day trading. Date of experience: December 23, 2024. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Supports many exchanges. 99% fee, not PrimeXBT. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Proper management of overnight financing fees can significantly impact overall profitability. The WebTrader is easy to navigate, and even beginner traders can quickly learn where the charts, account info, and watch lists are located. The latest additions come as the crypto market experiences notable volatility, with Bitcoin breaking $70K, sparking speculation about a bull run. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. To open a trading account. For example:The minimum order size for Bitcoin is 0. Wishing you continued success in your trading journey. High performance also spills over into protection. At its core, the Merge update will transition the Ethereum network from a proof of work consensus mechanism to a proof of stake system. The required margin is different for each trade, so make sure your account is appropriately funded. We may earn a commission from links on our site, but this doesn’t affect our reviews.