PrimeXBT Review

Leverage amplifies your profits. Happy trading and stay safe. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. 1 BTC position instead. Building a trading plan is crucial so that you are not simply guessing where the market is going to go. To make a deposit, simply send your coins to the BTC address linked to your account. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Appeared first on Coinpedia Fintech News Ben Armstrong aka Bitboy Crypto shared his thoughts on Ripple’s recent legal victory over the SEC, a case that had dragged on for years. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. It is also important to note with the lack of KYC requirements that they are playing on the less cautious side of friendly regulation which may see some crackdowns in the future. Go to Settings > Security and enable Install from Unknown Sources if prompted. All transactions are processed quickly, but withdrawal times may vary depending on the method used. No numbers in USD or EUR lol. Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 31 cryptocurrencies. KYC is optional on PrimeXBT. By considering user reviews and feedback, potential users can gain a better understanding of the app’s capabilities and how it can enhance their trading experience. Dear Samuel,Thank you for your feedback. Prime XBT offers 24/7 customer support, including a live chat tab and an email contact. It’s all a case by case scenario. Attend exclusive PrimeXBT events, network with other clients and learn new skills.

PrimeXBT Withdrawals

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. Seize control of your trades wherever you are – introducing the PrimeXBT app, available for download on both iOS and Android platforms. You can also set stop and limit orders to protect you from taking a huge risk. We’re always here to help. Step 1: Access Your PrimeXBT Deposit Address. What truly sets PrimeXBT apart is its user friendly approach to KYC requirements and transparent fee structure. 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. Getting started with crypto can be hard. Additionally, you cannot set stop losses and take profits directly from the order form. We’ve chosen and vetted the exchanges in this list based on publicly available information. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Aside from that, you need to only learn enough to get started, and make a small initial deposit on a Cryptocurrency exchange platform of your choosing. High roller discounts are available for institutional traders and those who trade more than 300+ BTC worth of volume in 30 days. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. It’s intuitive and customizable, which makes managing trades and accessing market data really straightforward. Get the most out of PrimeXBT promo codes and personalize your trading to fit your preferences and financial goals. Currency pairs, commodities, and indices are traded without commissions. Of course, being affordable isn’t the only benefit of trading with primexbt. Here, copy traders can earn 75% profit share. On the other hand, there is no stop out threshold. The success of Cardano will ultimately rest on its capacity to fulfill its commitments, draw in developers and users, and handle the shifting regulatory landscape. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. 1:10 or 1:20, and low leverage e. Other market leaders like Cardano and Solana have also displayed increased interest. 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.

Other things to considerOther things to consider

Market volatility, trade volume, and system availability may delay account access and trade executions. We’re glad to hear that you’ve found a leverage level that you’re comfortable with and that it has helped you capitalize on the recent market movements. Once you decide who to follow, you simply allocate a portion of your capital towards copying their strategy. PrimeXBT integrates TradingView charts, which is a nice feature. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. These are professionally done and well presented. The website also contains a useful Help Centre for general queries. I found the KYC process to be straightforward, with my account being verified instantly. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. A trading day refers to a 24 hour period in which the markets are open for trading, which can vary by market and location. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. But how well does it work in reality. If you choose to complete personal ID verification, the withdrawal limit increases significantly to $1,000,000. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Overall, I rank PrimeXBT in the middle of the pack. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Receive the latest news and stay informed. The ‘Messages’ widget baixe e instale o PrimeXBT contains all system messages with a detailed explanation of why an order was rejected. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Account verification is completed upon Depositing Cash. Maker fees are generally lower and are applied when adding liquidity to the market, while taker fees are higher and are charged when removing liquidity. Short selling, on the other hand, allows you to profit from falling prices in the market. Syla has been designed to satisfy Section 121.

Cryptocurrencies Available on PrimeXBT

Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Manage risks with stop loss and take profit orders, and earn in BTC, ETH, USDT, USDC, COV, and USD for flexibility and diversification in trading and 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. Acting swiftly is crucial, as withdrawals are processed within a specific time frame each day. Finance and Insurance. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Use advanced risk management tools to limit potential downsides.

Platform Background

For our trading test, we thoroughly evaluated the PrimeXBT platform. Users can also customize the indicators in terms of the time frame and other important inputs. So, with $1,000 and 5x leverage, you could control a position with a $5,000 notional value. PrimeXBT is a good broker which has plenty to offer: intuitive and innovative trading platforms, competitive leverage rates, and a new covesting module that is attractive to experienced traders and beginners alike. Therefore, Kraken is an excellent option for US residents looking for a secure trading platform or an alternative to Coinbase. I could adapt to it pretty easily and I am like a pro trader now but I think PrimeXBT need to add more features for analysis. On the main page of the platform, you can access the trading interface, which displays various markets, trading pairs, and real time charts. ✔️Pros of using Kraken. USDT and USDC TRC 20 tokens require 20 block confirmations which usually takes around 1 minute;. By adding margin accounts into the mix, it can lead to a recipe for total capital loss. Trading should be considered only if one has the appropriate risk capital. Hedging is best understood as a type of insurance. I found that Coinbase has the highest number of retail investor accounts due to its convenience. Can trade currency/metal CFDs there too, but I don’t do that. By following these tips and continuously improving your trading skills, you can use leverage on PrimeXBT effectively and optimize your trading strategy. Growing market demand attracted many investors whose primary goal was to buy Dogecoin, not just for the opportunity to HODL a meme Cryptocurrency asset, but to diversify their portfolio with a good investment. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement. It offers lower fees compared to other platforms and allows for seamless trading experience. It could be hard for them if they continue with new management. Atenciosamente,A equipe PrimeXBT. Many top thinkers of the tech world, including Twitter CEO Jack Dorsey and Apple co founder Steve Wozniak, believe it could replace the dollar as the global reserve currency, or usher in a new digital age of money for the internet. For example, if you are able to buy $10 for every $1 used as margin, the leverage is 1:10 for that transaction. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. PrimeXBT has revolutionized the cryptocurrency trading industry by providing an advanced trading platform with a wide range of payment options.

Data Linked to You

On PrimeXBT, trading fees are typically divided into two categories: maker fees and taker fees. This feature is appealing to users who prioritize privacy and wish to trade anonymously. E mail: Company: Optimizee Group,. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Requests submitted after 12:00 UTC are processed on the next day, ensuring a structured and timely withdrawal process for all users. Lastly, you can’t rearrange or resize modules on the desktop platform. © 2019 2025 Coinpanda. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. Below are the key tools available for spot trading. The price of the asset is 70,000. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Three months cost zero point five ETH, six months cost zero point seventy five and an entire year is only one point twenty five.

Restricted Jurisdictions

It would not be an exaggeration to say that the Know Your Customer definition refers to one of the biggest regulatory hurdles in the history of crypto exchanges. Additionally, an OCO order can be used for risk mitigation or to take advantage of market moves depending on how the order is executed. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Stay up to date on crypto. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Compared to the industry average, PrimeXBT provides an average number of currency pairs and a high number of commodities, indices, and cryptocurrencies. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 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. Reply from PrimeXBT Copy Trading. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, COMPANY MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH COMPANY IS SUBJECT. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. PrimeXBT is presenting a $50 Signup trial bonus exclusively available for the new traders of the company. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This review shows PrimeXBT supports big cryptocurrencies like Bitcoin and Ethereum. Warning ⚡️: Trading leveraged futures products is incredibly risky. Keep in mind that trading with margin may be subject to taxation. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. There are multiple benefits for users who want to take advantage of copy trading such as. Expert traders can also establish their own portfolios and trading strategy that others can follow. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Ripple is looking to make mainstream partnerships with banks and financial institutions to assist in interbank transfers and to try and break down the walls of sending value across borders. About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology focused audience. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. This is why so many people use technical analysis right along with fundamental analysis, using the fundamental analysis as a way to look for the directionality of the trade, and the technical analysis as a gauge for entry, stop, and profit taking levels.

Risk warning

Reddit and its partners use cookies and similar technologies to provide you with a better experience. It’s always a nice touch when an exchange includes additional material to help smooth your trading experience. Additionally, there are other promotions and bonuses available, such as a 50% discount on orders over $50 with the code IMI50. Robinson was responsible for transaction execution, business development, strategy, finance and operations across the group. Historical dividend yields for the SandP 500 have typically ranged from between 3% to 5%. The goal is to ensure that their clients enjoy the highest level of security and privacy. However, there’s a demo version for new users who are unsure about using the exchange. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. Before putting any money to work in the Forex market, you should do some analysis. In the copy trading or covesting section, you can analyze the performance of pro traders and follow them. PrimeXBT is among the youngest exchanges in the market; that was founded in 2018 but started offering trading services only in early 2019. Leverage can be a very powerful tool in the hands of a professional trader, and conversely, can cause significant losses. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. With big amounts, it counts. Seek independent advice if you have questions or do not fully understand the risks. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. To achieve this, we evaluate the availability of the necessary features and tools. PrimeXBT Trading Services, S. Investing in the Shiba Inu Crypto can be a great way to diversify your holdings. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Therefore, I cautiously recommend PrimeXBT as a legitimate and safe broker, as it lacks operational history. This will allow the trader to define specific levels for entries and exits. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract.

Casual Trading: Acceptable Choice

However, there’s a demo version for new users who are unsure about using the exchange. PrimeXBT takes the safety and security of its clients very seriously. Traders don’t have to provide sensitive information to the platform to verify their identities. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. PrimeXBT Trading Services, S. The performance of Prime XPT is simply outstanding. It makes trading very easy. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. Another benefit of cross margin is when taking a long position, i. Switching markets and searching trading pairs on PrimeXBT is straightforward. These fees can vary depending on the direction of the trade. PrimeXBT offers research and education on its blog. PrimeXBT positions itself as a platform that offers advanced security and copy trading features, among other features. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Bonuses may also be canceled if users withdraw their own funds or fail to utilize the bonus within the set timeframe.

Disclaimer

Numerous crypto exchanges are trying various marketing strategies to expand their customer base, and this is PrimeXBT’s latest scheme. It will also help you identify if you have accidentally landed on a phishing site of some sort. Leverage can be a very powerful tool in the hands of a professional trader, and conversely, can cause significant losses. It is like anything else in trading, if you have a reasonable strategy that has a positive expectancy, short selling can be very worthwhile. Not all Stocks are created equally. PrimeXBT Instruments: My Key Takeaways. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. Verification can help ensure real people write reviews about real companies. However, cryptocurrency trading with PrimeXBT includes a 0. Ensure you understand the difference before starting. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. Go to Settings > Security and enable Install from Unknown Sources if prompted. PrimeXBT operates three entities. Users can experience price differences in exchanges with the help of the Arbitrage tool. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. You can place buy orders to acquire Dogecoin when anticipating a price increase or sell orders when expecting a decrease. After entering the code, select your country of residence from the drop down list. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. Does the Crypto signal provider offer multiple ways you can receive their Crypto signals i. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit.

Exclusive Crypto Deal List of 2023

Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Have you tried the latest version of our app. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Returns may be subject to tax. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. Many traders might also be turned off by scalp trading’s fast paced, low time frame windows. LinkedIn is better on the app. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. There is charting, easy order execution, and account management. We also offer the option to deposit money. A lot depends on the advancement of banking and their use of Cryptocurrency. When it comes to approaching the stock market, there are so many different options across so many different countries, and. You can open an account and start trading with just your email address. Transaction value metrics are also readily available on different websites.