PrimeXBT Reviews

Showing 25 of 75 reviews. According to reports from PrimeXBT, many of its affiliates can earn thousands of dollars a month. However, my first withdrawal made me nervous because of the delay. The best exchange for crypto trading on PrimeXBT. This sponsorship does not influence our analysis or opinions. Our trading competitions are free to join, and risk free to take part in, as you’ll only be using virtual funds to trade with. However, if the price of Bitcoin falls by 10%, your $5,000 position would be worth $4,500. Traders can also use up to x200 leverage, letting them trade with smaller investments. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. Dear Caetano,It’s great to hear that you’re enjoying the convenience of depositing through MetaMask. Trade fee is incurred each time you buy or sell assets on the market i. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership. Crypto futures are definitely an exciting option to dive into. PrimeXBT is a cryptocurrency margin trading platform that allows users to trade major cryptos, forex, commodities, and stock indices with up to 100x leverage. These products are not suitable for all investors. However, you won’t be able to access all of these products without completing some KYC. A small movement against your leveraged position may exhaust the margin assigned to it, causing it to close without fulfilling its full profit potential. You can only withdraw fiat using the same payment method you used for deposits. This decentralized model means that KYC isn’t required for most trading activities, making it a popular choice for privacy conscious traders. 1 Turbo prediction interface – change chart settings and make predictions. Get into the trading action with reduced overnight fees on Forex and CFDs. Remember, margin trading is not suitable for everyone.

All in one platform for Buying Crypto

Email usto arrange a time to discuss. @ 2018 2024 Crypto Adventure ®. Make smarter trades, seize opportunities, and refine strategies — all in one platform. Margin trading is a great tool if you have a profitable trading system. Alternative Payment Methods. The platform offers a special promotion for users who sign up via our link. Scam Forex Brokers in Namibia. BingX’s fee structure is designed to be affordable, particularly for active traders. In the registration form that opens, enter your email and a password.

What is PrimeXBT?

Worth pointing out is that you are able to use up to 1000x maximum leverage on PrimeXBT’s forex market. When a participant opens a position on a contest trading account, it counts towards their Turnover indicator based on the amount of the position, and it also increments their Number of Trades indicator by one. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. In PrimeXBT hợp đồng chênh lệch (cfd) this example, we will choose EMA. Users can open accounts, deposit crypto, and start trading with just an email address. 2 Industry Value Chain. Also you have to join a waitlist for the service, which won’t launch until late summer of 2021 at the earliest. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Thank you for choosing PrimeXBT.

PrimeXBT Bonuses and Special Offers

Go to Settings > Security and enable Install from Unknown Sources if prompted. In addition, post Merge, the Ethereum blockchain will utilize the Beacon Chain as its consensus layer and use the existing mainnet as its execution layer. “Services”: The offerings provided by PrimeXBT to Clients, including but not limited to, executing Orders and Transactions via the Website, Client Account, and Trading Platform. Also, there are no fees for depositing cryptocurrencies. Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions. The trading platform is fully customizable which means that you can easily implement your own strategies and set things up in a way that suits your needs. However, on the plus side, we note that you can withdraw funds in both cryptocurrency and fiat currency and in some cases even in cash. 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. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

Access more products from a single accountAccess more products from a single account

These fees apply for positions held open overnight. Just be careful when trading less popular futures markers. While using PrimeXBT, traders can also execute several different order types with the option to simultaneously place stop losses and take profits. Please note, some markets may only be available via CFDs or other derivatives. Overnight financing is not charged on weekends for markets that are closed during this time, however a triple financing rate is due on Thursday 00:00 UTC. VFAA compliant: Malta Financial Services. Join 1M+ traders who choose PrimeXBT as their go to trading platform. A versatile payment system is a hallmark of the best bitcoin trading platforms, ensuring seamless transactions. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. In addition to each of these assets, certain products have been designed as trading instruments that rely on the price of an underlying asset. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. The maximum leverage is 1:200. Withdrawal fees on PrimeXBT are as follows. To withdraw crypto, go to your Account’s main page, click “Withdraw,” and select the crypto asset. 85 and a potential high of $3. Supported by both ioS and Android devices, PrimeXBT’s app is user friendly, easy to use, and accessible. Once your Stop Loss is triggered, it becomes a Market order and is filled as such, taking into account the Spread for a given order size. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 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. To trade with margin, users must fund their trading account after making a deposit to begin trading. 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. Visit our Help Centre. It has a top mobile app and a customizable web platform for all traders. The lack of automatic transfers is not typical for most crypto exchanges and can cause some inconvenience to users. Software and service providers pay us for sponsored profiles to receive web traffic and sales opportunities. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased.

Durability of the Trading Ecosystem

The app also supports PIN, face, or fingerprint authentication for secure login. If you have any questions or need assistance, feel free to reach out at. Thus, the minimum margin needed to open this trade with leverage x200 will be 0. Easily buy 60+ Crypto with Visa or Mastercard. Prime Technology Ltd is PrimeXBT’s Technology Provider. With this information, you will learn the best time to enter a position and the best time to exit a position. Similarly to crypto deposits, PrimeXBT will let you withdraw BTC, ETH, USDT, and USDC. You can read more about the legal terms and conditions in the Legal Center section More tab on the main page of the website. The broker also offers a feature called Crypto Address Whitelisting that enhances security by enabling users to designate certain withdrawal addresses, thereby limiting wallet transactions exclusively to those addresses on the list. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. Labeled Verified, they’re about genuine experiences. Step 2: Press Analysis. 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. They are charged daily for positions held overnight. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. When a trader opens a leveraged position, PrimeXBT provides the additional funds needed to increase the position size. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Notably, there are no trust scores from CoinMarketCap and CoinGecko. If you have decided to give it a try for the real account, you can do it so by clicking on the “Go to real” button. Join our official communities. Dear Enzo,Thank you for your feedback.

Hybrid smart contracts

Not all trading or investment strategies are created equal, and some are better suited for each trader’s personal traits. Please note that only special contest accounts participate in tournaments, you cannot trade on your real accounts. Alternatively, traders can focus on currency pairs with favorable interest rate differentials to benefit from positive swap rates. In addition, the website states that the exchange does not attract customers from the UK and EU, however, does not prevent residents of these regions from registering. They have provided a number of accounts and each of these will be relative to your own personal needs. These bonuses provide additional value, helping traders maximize their trading potential and achieve better results. Volatility creates an opportunity to make profits, but it also increases the possibility of loss. Virgin Islands, Northern Mariana Islands. Our website uses cookies. Keep an eye on their promotions page for the latest offers. Information regarding past performance is not a reliable indicator of future performance. Risk warningBefore 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. Conversely, increasing leverage can amplify potential returns, making it an attractive option for traders with higher risk tolerance. 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. They offer platforms where individuals can buy and sell financial assets like stocks, bonds, forex, and cryptocurrencies. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. Arbitrage can also be done through cryptocurrency pairs, where a trader can make a profit by taking advantage of the price difference between the matched cryptocurrencies. In other words, PrimeXBT might require an additional review that could have you hand in some or all of the following verifications. The PrimeXBT Android App offers a powerful and secure trading experience on your mobile device, allowing you to manage your trades, monitor the markets, and make informed decisions wherever you are.

Alphabet Class A

Prime XBT Promo Code 50% : TOPTRADING. Chain Vey, Grinding and Integrated Solutions. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Here are the conditions for each level. At the first sign of reversal, a trader can open a hedge short position, and profit from any drawdown before they make up their mind as to what to do with their long term investment holding. Assets represent the actual cryptocurrency, token, stock, currency, etc. These products are not suitable for all investors. 05% on crypto, and 0. This will help you make informed decisions and execute trades efficiently. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Check out these trading options. Better manage your risk and exposure. Attend exclusive PrimeXBT events, network with other clients and learn new skills. There are three simple steps in order to receive the bonus. Explore a platform where exceptional security, high leverage, and a multitude of trading instruments converge for fast and efficient market execution. This includes BTC, ETH, LTC, XRP, Polygon’s Matic, and even BNB. 58 per ETH, with a market cap of $314658404977 USD. This focus on technology shows in their tools and services, helping traders move through different markets easily. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. In Crypto Futures, it leads the industry with fees of 0. You need to have enough funds in your crypto trading account to cover the margin amount, and also some additional funds that form a buffer in case the leveraged trade starts to go against you. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. Referral linking is a recurrent issue with new exchanges and ICOs. If you forget your password, use the “Forgot Password” link on the login page to reset it. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. Blog articles on the project website. The trade can be closed and profit booked if it reaches the intended resistance or profit.

Restricted Jurisdictions

Despite operating in a highly competitive and rapidly evolving industry, PrimeXBT has managed to establish itself as a reliable and innovative trading platform, attracting a global user base. We provide the clarity you need on PrimeXBT’s functionality and risks to inform your trading strategy. Optional KYC and a demo account for practice are also available. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Get dialed in every Tuesday and Friday with quick updates on the world of crypto. Example: You have opened a long position on CFD on BTC. Despite advanced trading tools and charts, PrimeXBT remains intuitive and user friendly, making it easy for beginners. Understanding this will help traders navigate the platform more effectively and ensure compliance with local regulations. 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. These services are governed by the legal terms and conditions of PXBT.

Crypto Exchanges Are Broken, But the Hybrid Model Promises A Better Future

Example: If Cardano price is rising and EFI is decreasing, it indicates that the upward price trend is lacking volume support, potentially signaling a price drop. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. The gradual release of tokens from Ripple’s escrow helps manage this supply and potentially stabilize the price. PIA is another outstanding cryptocurrency VPN. 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. Moreover, users can conveniently transact in US dollars. Initial data: Resistance $200 = x / Support level $185 = y / Downtrend target = z. The main reasons are its high leverage, variety of assets, easy interface, and special features like copy trading and contests. But while Binance is the industry leader and is a suitable choice for many budding traders, it also has a few disadvantages. Here a pin bar and outside bar engulfing pattern form adjacent to each other at swing points, combining signals to highlight major turning points. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. But some investors still value the anonymity of crypto above all else. The most obvious advantage of using leverage is the ability to increase profit margins and the return on your investment. If the price does not reach the specified price, limit order will not be triggered. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. But, OKX has more options like spot, perpetual swaps, futures, margin, options, and trading bots, making it better for advanced traders. The third contract is the “Aggregating Contract. To see how this works it’s best to dive into the details of perpetual futures contracts, so here’s an example from PrimeXBT. However, there are some regions where PrimeXBT does not accept users, including. PrimeXBT was founded and registered in Seychelles in 2018 under the holding company name PrimeXBT trading services 148707. 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.

My Key Takeaways After Testing PrimeXBT Desktop

However, the DOT token has stabilized, and at this point could be trying to form a base. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. It serves as extra collateral for opening and maintaining positions. Lastly, you can’t rearrange or resize modules on the desktop platform. Basic Attention Token BAT. If you lose access to your 2FA device, contact customer support immediately to help secure your account and reset your 2FA settings. 📱 Dive into PrimeXBT’s trading app for access to 100+ markets with trades starting from just $5. Most online brokers try to provide options to customers in terms of accounts and our PrimeXBT review found that their service is no different. PrimeXBT wallets are multifunctional. The ability to sign up without KYC or ID verification appeals to those who value privacy. Prime Technology Ltd is PrimeXBT’s Technology Provider. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. PrimeXBT is off the hook. Only for verified users. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. Go to Settings > Security and enable Install from Unknown Sources if prompted. It takes just a few minutes to get started. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. No, it’s not accessible in the US or certain other countries. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. If an asset’s price is going down, the investor loses money – either against their initial capital, or against any unrealized profits left unbooked.

Anak Boonmee

Withdrawals come with a small fee of 0. OKX operates a tiered fee structure based on trading volume, with additional fees for certain services like fiat purchases. They can gain value based on the level of demand and supply. 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. Best Regards,The PrimeXBT Team. If you have any questions about trading strategies or need more details about our fee structure, please don’t hesitate to contact us at. Hard commodities can even get as esoteric as rubber. Once the trade is closed, the trader is either credited or debited the price difference. Check website for details. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. But, PrimeXBT works hard to process all requests fast.

PrimeXBT Exchange Review 2021

Risk warningBefore 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. Clients appreciate the platform’s user friendly interface and note the flexibility it provides. Blockchain Analyst and Writer with scientific background. Keep in mind the current price of the digital currency is around $72. Trolling, in all its forms, will lead to a suspension or permanent ban. 💰 Cold storage secures all customer assets, with manual daily withdrawals and thorough risk assessments, prioritizing fund security over transaction speed. Find out how we combat fake reviews. Followers can choose from 100+ strategy providers through a user friendly platform, whilst providers can boost their earnings through the rebate scheme. Learn more about Baksta’s Legal Terms. Dear Otnayir,Thank you for your positive feedback. Enter your nickname to participate and accept the tournament rules check the box. 05% per trade for all asset classes. PrimeXBT offers various leverage options, including high leverage e.

5 0

It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. This is active and manned 24/7. To claim a welcome bonus, you typically need to register an account, verify your identity, and fulfill any specific conditions outlined in the bonus offer, such as making a minimum deposit or executing a certain number of trades. 2024 00343, having its registered office address at PKF Corporate Services Ltd. These are used as a gauge on relative strength or weakness. Read next: How to buy crypto. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. We personally contact support using all available methods and present hypothetical problems that users might face. Competitions on demo accounts can be a good way to learn cryptocurrency trading in practice. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. What is the Primexbt bonus. These help users learn and solve problems. The regulatory dilemma has made some of the popular cryptocurrency exchange platforms unavailable in some countries, such as the US. One of the best brokers of the market. Com is a leading open source Bitcoin and Bitcoin Cash storage platfo. Visit PrimeXBT Platform and get 35% on Your First Deposit. 21 days ago Kim Sorgson. PrimeXBT’s focus on functionality makes it ideal for traders who require advanced tools and features to implement their strategies. There are also chat rooms in Telegram, some of which are localized by the country of residence of the clients for convenience. Hedging is best understood as a type of insurance. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Let’s look at each market separately.

Worse

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. There are also several innovative products and services, such as PrimeXBT Turbo, and the copy trading module. It just makes me sick how they destroyed it through greed, stupidity, and corruption. Ultimately, advanced users who desire both competitive fees and a greater selection of trading products than what either FTX or Coinbase offer may find the choices below equally valuable. 2024 00343, having its registered office address at PKF Corporate Services Ltd. But, they don’t have live chat support right now. 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. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. 2️⃣ You’ll be taken to a new page where you can enter your email and set your password. Our PrimeXBT review found that their trading platform has been developed by their own team. This means that there is room for it to reach higher, considering its low denomination and current value. For more information, read our Terms, Cookies and Privacy Notice Manage Cookies. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. No, PrimeXBT is not available in the US. Unlimited for verified users. PrimeXBT is an award winning trading crypto exchange that also offers trading in derivatives – forex, indices, CFDs, and commodities.