PrimeXBT Review 2024: Complete Exchange Overview

While Ethereum spot ETFs provide a new way to invest in Ethereum in the coming months, PrimeXBT offers a powerful platform for trading Ethereum and other Cryptocurrencies right now through Futures contracts. Date of experience: October 01, 2024. PrimeXBT’s strong security measures, including SSL encryption, 2FA, and address whitelisting, ensure the safety of user accounts and funds. The amount an individual puts down to open a trade in bitcoin leverage trading is known as margin. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. South Africa Financial Service Corporate. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. A withdrawal requested before 12:00 UTC will be processed on the same day. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Returns or profits may be subject to capital gains tax. This pushes privacy conscious users toward no KYC crypto exchanges, which allow trading without personal info. It maintains an active community across social channels and runs community events, which positions it as a more community centric platform. However, there were a few areas of disappointment. Date of experience: July 10, 2024.

What are the fees associated with trading on PrimeXBT?

As a non custodial platform, Changelly does not enforce KYC processes as standard. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. 1 pips when trading CFDs. It’s important to double check the terms and conditions associated with each promo code to ensure eligibility and avoid any issues. Best regards,The PrimeXBT Team. Scan this code to download app. PrimeXBT supports cryptocurrency deposits e. When comparing the Polkadot price today to prices during the Polkadot token sale, it’s important to take the redenomination into account. The company has a positive reputation withinthe trading community, regularly working with well known traders forinterviews, web panels, and partnerships. You can benefit greatly from utilizing a Prime XBT promo or discount code, especially the 20% deposit bonus on your first deposit. Understanding these fees is essential for maximizing your potential profits. 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. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. For all withdrawal methods, it’s crucial to double check all entered information and comply with any verification processes to ensure a smooth and secure withdrawal experience. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds. No disadvantages, all is good, working fine. Customizability is a vital feature for traders who wish to implement unique strategies and tools. R M E X where weekly returns are consistent and withdrawals are instant. It’s wonderful that our support, trade execution speed, and trading conditions have met your expectations, and that you’ve had a smooth experience with withdrawals. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. The term leverage used in finance is often a reference to the amount of money that the trader has borrowed.

🔒 Is PrimeXBT Safe? 🛡️

To streamline cryptocurrency trading for newcomers, PrimeXBT introduced a copy trading module. An on chain analysis is used to make price predictions as investors will react to news of network upgrades, reduction in token supply and the developments happening in the traditional financial sector. Learn more about CEX. Active users across the world. A MATIC price prediction will have to take a lot into account. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. The idea of copy trading is to take advantage of the expertise of others. This can be related to regulations, permit issues, financial mismanagement, or a whole host of other company specific issues. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. This data is collected but is not associated with your identity and includes. Therefore, any exchange worth its salt would pay special attention to this aspect. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. You should also report the incident to the police review/is primexbt scam or legit fair review 96645982248d or other law enforcement authorities if criminal activity is suspected. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore Perdagangan PrimeXBT diverse trading strategies. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. We use cookies to personalize content provided by analytic and advertisement partners to offer you the best service experience. Courses break down complex topics into easily digestible lessons. These help users learn and solve problems. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. For example, even though Ethereum 2. Send Crypto to anyone, as long as you know their wallet address. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. When your referrals register and trade on the platform, you receive a bonus based on their trading activity.

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Take the same trade, but this time it hits your stop loss at 31,750. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards. 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. 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. Withdrawal fees vary by method and currency. One of the first things that futures traders look for in a platform is how leverage works. The required amount of margin depends on the leverage ratio you want to use in your trades, and you always need to have enough free margin in your account to withstand the negative price fluctuations of your leveraged trades. Also, you access an alternative deposit option which allows you to buy supported cryptocurrency using a Credit Card / SEPA transfers / Gift cards / Alternative Cryptocurrencies, and have it transferred to your PrimeXBT wallet. Charts allow traders to perform technical analysis to identify entry and exit points. 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. 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. Follow the same steps to trade Forex, Commodities, or Indices. Log into Your PrimeXBT Account. PrimeXBT does not offer a sign up bonus but a deposit bonus of 7% is offered. The demo trading interface is rich and friendly but it took me time to carefully identify each feature. The activation of your crypto trading account is subject to approval by Paxos. Besides the services noted, there are no other staking or lending services offered or other extensive crypto financials services, as the use case of PrimeXBT is more focused on the purpose of trading. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. Therefore, you need to decide whether you will trade or invest.

Is PrimeXBT Safe?

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Jesús Castellano Ruiz Barham Othman Matthew Hayward Akmal Khusanov Angie Carroll Alex Khvoinitskii Mikella Zap Narathip Phetdong Leo Gül Vladimir Novikov Fabricius Alves Iskandar Nsier Hamid Owaisi James Mukuria Jolayemi Joseph Younes Gammar Marc GNANGBA Agoha Victor. Overtrading means opening trading positions out of the risk boundaries that you’re able to manage. Additionally, users can access their transfer histories through individual wallets. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Inmost cases, it means that core functions are not working properly, orthere is some other serious customer impacting event underway. Coinbase also offers an integrated NFT marketplace and the Advanced Trade feature for more active day traders, which includes enhanced tools and order book analysis. Disclaimer: The content on CoinCentral is not investment advice and should not replace advice from a certified financial planner. For me onboarding at PrimeXBT was seamlss. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. It has a top mobile app and a customizable web platform for all traders. I even got it faster than I expected. As the crypto world changes, PrimeXBT’s ability to keep up will be key to its success. Unlike its larger competitors, PrimeXBT does not offer P2P trading. 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. When selecting a deposit method, consider factors such as transaction speed, fees, and convenience. 50 area, and this could be a significant barrier to overcome. How To Set Up Your PrimeXBT Account.

How to use PrimeXBT?

In fact, the margin account allows you to trade more than you normally would, but it should be recognized that it is a loan that facilitates this possibility. No Cost Personal Advisor. These include detailed tutorials, informative webinars, and insightful articles covering various trading strategies and market analyses, such as crypto futures, withdrawal processes, forex pairs, digital currencies, and overnight financing fees. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. De Germany’s first and biggest marketplace for the digital currency Bitcoin. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Another key benefit is Cardano’s dedication to sustainability and scalability. Security is key on PrimeXBT, letting users trade safely. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. This works by having a large number of “Anchors”. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Understanding the global reach of PrimeXBT is crucial for traders who wish to use the platform. Api for XTB trading platform. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. You should be able to register for any exchange without a KYC verification process without providing personal details like your SSN. While this can amplify your gains, it will do the same for losses. USOIL is on a strong decline following the January 08 high, below both the MA50/200. During stock daily break hours, stop out is set at 100%. PrimeXBT charged me a withdrawal fee of 0.

How to add funds to PrimeXBT?

In other words, users can leverage their existing cryptocurrency or dollars by borrowing funds to increase their buying power. Go to your Dashboard, click ‘deposit’ for the currency that you want to deposit, copy your PrimeXBT wallet address and paste it into the destination field on the site from which you are transferring funds. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. Lotta guides told me that it’s better to kick off with EUR/USD currency pair since it’s the most liquid one. Ever wondered if there’s a crypto trading platform that suits both newbies and experienced traders alike. 071 USDT in trading fees. PrimeXBT does not accept customers from countries such as: Japan, Canada, Cuba, United States, Israel, New Zealand, Syria, Iran, North Korea, Sudan, American Samoa, Russia, Myanmar, Outer Small Islands of the United States, St. I use it for self study. But, the transparency of this process raises questions. Monitoring is something that will be different for everyone. There’s an additional effect at play here, though. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area.

Portfolio

However, if you are looking for more opportunities, a CFD broker like PrimeXBT is the way to go. The short interest was astronomically high, and therefore once retail traders came into the market and started using leverage on the long side, it caused a massive amount of short covering by hedge funds. This way, each drop in price in Bitcoin will be offset by the gains you make on your short position. The API provides you with comprehensive access to multiple trading features, market data, and account management functions. PrimeXBT Trading Platform, Mobile App. Scan the QR code with your device’s camera and get APK file. 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. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership.

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My deposit was credited after 20 network confirmations, which took a few minutes. These factors make PrimeXBT an attractive option from a cost benefit perspective. 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. It is a convenient option for beginners without experience or those who do not have free time to trade independently. We’re here to help you succeed and make the most of your trading experience. New User Sign Up Bonus Links:ByBit and PrimeXBT. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. You also will place stop loss orders and limit orders. When starting off with PrimeXBT or any similar platforms, be sure to use very small amounts until you become comfortable with the platform’s interface and trading concepts. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. While most exchanges in the US require KYC, a few options allow you to trade crypto without providing personal information. These are instruments that allow traders to benefit from price fluctuation in an instrument without actually owning it outright. PrimeXBT enables users to conveniently make direct fiat deposits in US dollars, utilizing personal Volet or Perfect Money wallets for streamlined funding. Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. You can read more about the legal terms and conditions in the Legal Center section More tab on the main page of the website. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. PrimeXBT has a lack of transparency regarding fees that can eat into profits. Our human support team is here to help 24/7, in your language. No, Shiba Inu is not safe. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes.

Joaquin Lopez

Free $10,000 Practice Account. High ratings globally. For more information, you can check PrimeXBT’s help center or user guide. 500 and a stop loss of $44. Cardano has established itself as a prospective participant in the blockchain sector thanks to its scientific base, distinctive features, and emphasis on sustainability. However, the disadvantage is that you don’t own any cryptocurrency outright, you are only exposed to the price changes. Scan the QR code with your device’s camera and get APK file. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. 2 months ago 201 views. Free $10,000 Practice Account. We employ the latest security protocols to protect your money. The conditions weren’t met, so the order wasn’t triggered. In the next section, we will provide a detailed summary of the key points discussed in this article. Registering an account to start trading on PrimeXBT takes just a few minutes. 1M+ community members. Read our updated guide on best XLM wallets. This transparency helps you choose a trader you’re confident in copying. Detailed information regarding fees can be found here. There are many options that a person has when deciding the path to take when trading cryptocurrencies. An account verification with photo ID is only required for fait money transfers. Labeled Verified, they’re about genuine experiences. To get started with copy trading, open a free PrimeXBT account, browse all expert traders, select a top performer, and automatically copy their trades. Attend exclusive PrimeXBT events, network with other clients and learn new skills. This section will discuss the impact of PrimeXBT’s location and regulatory environment on traders, including account verification, transaction limits, and the availability of trading instruments. This could be ideal for those who like to trade with technical analysis. PrimeXBT presents an interface that’s both customizable and user friendly. Your insights are invaluable in helping us improve. The Ouroboros protocol was used to form the consensus protocol. Concerning trading fees, they are crucial for maintaining a high quality, secure, and reliable trading environment.

Important Notice

PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. For PrimeXBT commodities, traders can trade popular items like oil and gold. Once you understand that a system is profitable over the longer term, you can put it to work in the real markets. The new plan prevented the EUR/USD from breaking its 5 year low of $1. However, if you want to focus your copy trading solely on cryptocurrencies, you can do so. Scan this code to download app. Scan the QR code with your device’s camera and get APK file. In recent years, it has experienced substantial expansion and adoption. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The crypto community is very active on social platforms, and news or analysis tends to spook the market. While such high leverage amplifies potential profits, it also heightens risks. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. The exchange is known for its low fees, strong security measures, and advanced trading features. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Therefore, you need to learn the technicalities, terms used and how the entire sector works before you start trading.

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First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. The first step in shorting Dogecoin is to open up your account at PrimeXBT. Learn more about Baksta’s Legal Terms. The main tool for trading in PrimeXBT is a web platform with built in market analysis tools. Some taxpayers find themselves with years of overdue tax returns. Go to your Dashboard, click ‘deposit’ for the currency that you want to deposit, copy your PrimeXBT wallet address and paste it into the destination field on the site from which you are transferring funds. PrimeXBT offers this bonus: A 50% discount code for all trading commissions that you may receive over the course of 15 days. It is a higher reward, higher risk derivatives contract that professional trades want.