What is PrimeXBT, and What Makes it Special?

Carefully type in your promo code in the provided field. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Trading involves risk. It is clear to see why these two top trading platforms make for an exciting head to head comparison. If an additional margin is required, it will automatically be taken from your account. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. PrimeXBT practices a simple but effective fee system that involves trading fees, overnight financing fees, deposit and withdrawal fees. Furthermore, the ability to borrow means that less of your trading capital will be tied up in each position. Review collected by and hosted on G2. This puts Bitcoin losses at. In other words, you can borrow 50% of any purchase, but need to provide the other 50% yourself. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts.

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This is ideal for day traders and scalpers – as buy and sell orders only attract the market spread. Arbitrage is a method that allows you to take advantage of the different prices across different cryptocurrencies, and exchanges, and to buy at lower prices in one place and sell higher at another for profit. While such high leverage amplifies potential profits, it also heightens risks. Simply click on “Copy trading” and allocate a fund that you wish to delegate for Copy trading. If you’re looking at applying some scalping strategies, you will have to opt for an account that provides you with rapid processing of transactions. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This ensures that user accounts and assets are safeguarded against potential threats and hacks. The platform is ideal for those seeking high leverage, offering up to 200x leverage on Bitcoin BTC and Ethereum ETH CFDs, but its standout feature is its copy trading module that allows traders to replicate the trading strategies of more experienced users. But, the platform focuses on major assets, ensuring trading is liquid and stable. Proper risk management is necessary for both long and short positions. Traders looking solely for the most advanced trading options such as high leverage margin and futures products specific to crypto only will prefer Binance, as it offers many USDT futures pairs that are not offered even on PrimeXBT or on FTX, the other derivatives leader, at the moment. The charts are useful in helping traders identify up and down price trends for the assets they’re watching. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. 000027 resistance level, analysts foresee the potential for a rally toward targets at $0. If you ever need assistance, don’t hesitate to contact us at. PrimeXBT uses Cloudflare’s protection against Distributed Denial of Service DDoS attacks, and its hardware is hosted on Amazon Web Services for reliable performance. Another top feature is the addition of a chat option on the main dashboard menu to the right. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. The platform’s commitment to uptime is crucial for traders who need to respond swiftly to market movements. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and “noise” that overcomplicates many other platforms. Our KYC/AML policies include industry standard financial monitoring procedures, enabling us to identify any activities that may necessitate additional CDD review.

Summary and Conclusion

Margin trading has been popular in other markets as well, such as forex for example, and cryptocurrencies are no exception. This is done automatically most of the time with brokerages, although some will contact you to suggest that you should put in more margin. The spread is the difference between an asset’ss selling and buying pricest. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. PrimeXBT and Bybit have distinct fee models that cater to different trading activities. Learn more about other kinds of reviews. You can update your choices at Schau dir das an any time in your settings. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. Educational Resources. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. If you want to reduce the risk, you can simply open a smaller position. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple.

Banking Methods

Advanced trading features include ‘take profit’ and ‘stop loss,’ allowing users to effectively manage market risk. We’ve made several updates to improve performance and usability. You could lose all the money you invest. Does this service exist. For trading cryptocurrencies, PrimeXBT charges maker and taker fees of 0. Date of experience: July 29, 2024. You are doing so on the basis of your own enquiry, without solicitation or inducement by PrimeXBT;• Consumer protections under UK regulations do not apply to services provided by PrimeXBT because it is not regulated in the UK and provides services from outside the UK;• You have read our Risk Disclosure and have the necessary knowledge and experience to understand the risks involved. False information leads to account restrictions, reinforcing platform credibility. BitFlyer is a dedicated Bitcoin exchange and marketplace that strives to provide its users with an efficient and enjoyable experience when buying, selling, and spending their Bitcoins. PrimeXBT is quite transparent with its fees. PrimeXBT does provide this even through the mobile app. Binance acts as a middleman it connects you your offer or request with that other person the seller or the buyer. StatusGator will notify subscribers when PrimeXBT enters apre planned maintenance window, keeping you up to date. This growth was influenced by significant factors such as PayPal’s adoption of Litecoin and the overall growth of the crypto market. Trade Forex, indices, commodities, and cryptos with ease, no matter which way the market moves. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. ECN Forex BrokersSTP Forex BrokersNDD Forex Brokers. Since PrimeXBT’s inception, services have been restricted to users or residents of a number of countries globally. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products e. KYC is optional on PrimeXBT. Note: The Monthly Copy Trading Report is a statistical display of data and should NOT be considered investment advice. 📱 Dive into PrimeXBT’s trading app for access to 100+ markets with trades starting from just $5. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. How to Use PrimeXBT Trading Charts. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Past performance is not a reliable indicator of future results. However, the absence of custom price alerts was a notable drawback. Case study: To stake Ethereum, an individual needs to hold a certain amount of Ether ETH, the native cryptocurrency of the Ethereum network. The necessary interest varies depending on the amount of the loan, and the brokerage that you are using.

Withdrawal Fees

They offer a wide range of assets to trade and very quick trades. The PrimeXBT team is committed to 24/7 customer service. Every live trade is inevitably impacted by a variety of market forces that ultimately determine its outcome. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Anytime you try to predict the future price of an asset, it is fraught with difficulties. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. Select the CFD Trading or Crypto Futures trading account you want to activate the promo code for. Receive the latest news and stay informed. Cryptocurrency bitcoin primexbt. Despite the variety of choices, PrimeXBT is extremely simple to use. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. This tradition is upheld when it comes to futures, too. Additionally, charting and technical analysis by TradingView are available in Analysis section. 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. These two larger coins tend to attract monetary flow much quicker than the small markets; therefore, they can give you a bit of a “heads up” when these other coins are going to move to the upside. PrimeXBT only accepts Bitcoin and does not require account verification. Select the CFD Trading or Crypto Futures trading account you want to activate the promo code for. Navigate to the trading section, select the BTC/USD trading pair, choose your order type, enter the amount of Bitcoin you want to buy, confirm the details, and execute the order. The app, now available on the Apple Store, offers unique features that enhance community engagement and potentially drive exponential growth. 05% for most trades and providing special rates for crypto futures. We will get back to you and address your specific concerns. Don’t miss out on exclusive offers on primexbt. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Unlimited via Perfect Money. Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. We may earn a commission when you make a purchase through one of our links. In addition, there is a section “Economic Calendar”.

PrimeXBT Comparison Table

It appears they sustain their business by taking from their clients. To open an account, you must provide your email address and create a password. PrimeXBT wallets are multifunctional. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Conclusion:PrimeXBT stands out as a comprehensive and feature rich cryptocurrency exchange, offering a user friendly interface, diverse asset coverage, robust security measures, leveraged trading options, competitive fees, and reliable customer support. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. This guide helps British users quickly understand and complete the necessary steps for account verification on PrimeXBT. No Cost Personal Advisor. A long position is when you buy an asset expecting the price to rise. We wanted to take the time to explain how PrimeXBT relies on entirely different security solutions to keep users’ funds safe and secure. Reply from PrimeXBT Copy Trading. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. For example, you can view tokens from the Ethereum, Solana, or Toncoin ecosystem. Instead, you just have to choose from a list of strategies to follow, allocate capital to each strategy and stop tracking at any time to withdraw your profits. The VIP channels offer more data, more frequent updates and market alerts. 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. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Social media advertisements. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance.

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Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide. Limited Time Deals: PrimeXBT Labor Day promotion brings forth a selection of time limited deals on popular products across various categories. We’re pleased to hear you find our fees reasonable. Next, we will explore the user demographics of PrimeXBT. Crypto Deposits: PrimeXBT offers free crypto deposits. This is something that you can get in your account management page under the “referral” section. The calculation of profit is simple: You take the number of shares and multiply it by the gains per share. Reply from PrimeXBT Copy Trading. Both Bitcoin and Ethereum started out their lives at prices that were virtually worthless. Receive the latest news and stay informed. The withdrawal fee on PrimeXBT is 0. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. You have to use your custom referral link to invite people. The minimum amount of personal funds required to Follow a Strategy. The platform has futures on the most popular cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana and others. Otherwise, if you would have to take delivery of €100,000 to speculate. Unlike its larger competitors, PrimeXBT does not offer P2P trading. PrimeXBT provides its own bespoke, browser based trading platform that requires no download or installation. There is a multitude of benefits when it comes to short selling. You can also sort markets by name and 24 hour change. Reddit and its partners use cookies and similar technologies to provide you with a better experience. It is a physical asset so it is able to be stored and kept by individuals. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices.

Step 2: Trading

This means that traders can use the platform without undergoing identity verification processes. Those looking for more profits and want to avoid taking a loss during drawdowns or being forced to sit on the sidelines, can consider a derivatives trading platform. However, if you’re US based or live in one of their restricted countries, you’re out of luck. This is also where users can manage positions, view price charts or their watchlist. Returns or profits may be subject to capital gains tax. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. PrimeXBT offers competitive trading fees, charging a low 0. Circulating supply is 56104361423 XRP. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. The platform offers a very limited range of crypto futures markets and conditional orders. This will allow the trader to define specific levels for entries and exits. 7% of people fully adhering to tax laws. Bitcoin was the first cryptocurrency ever to be created, and it today is the number one decentralized digital asset ranked by market capitalization. Since then the coin has fallen back down to the $50 mark, butits explosive rise is indicative of what it can do down the line. 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. Their customer support team is always available to assist, and they go above and beyond to ensure that my queries are resolved promptly. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. It is crucial to remember that even with the Securities and Exchange Commission loss in the courts, the future for Ripple is still very murky. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Although not as flashy as some of the more sophisticated crypto exchanges like OKX and Gate.

Can Namibian traders get real time market data on the PrimeXBT platform?

After the weekly close at $58,142, early Monday morning saw over $1 billion liquidated from the cryptocurrency market within the last 24 hours, resulting in an additional 10% decline in Bitcoins price, currently we are trading below $51,000. This choppy performance makes it much more difficult to make a Dogecoin price prediction. Margin trading platforms, however, allow interesting derivative products and financial instruments that provide added features, such as long or short positions. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. You can set up a price alert to not miss out on a good selling opportunity. Recommended Read: PrimeXBT tutorial for beginners. This feature certainly stands out in the crowded market and positions PrimeXBT uniquely. Our website uses cookies. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The guidelines were expanded in the past, including after the 2008 global financial crisis. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Please note that the UK FCA does not consider cryptoderivative products suitable for retail investors. YouTube videos show 77%. The order form also displays recent trades and order book data. Initial data: Resistance $200 = x / Support level $185 = y / Downtrend target = z. Positions closed before the start of a new trading day 00:00 UTC are not charged. It is mainly thought of as a means of financial exchange, although it doesn’t have to be. Step 1: Head to the PrimeXBT homepage. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. However, depositing fiat currency requires KYC verification. This will allow the trader to define specific levels for entries and exits. It also offers high leverage options, up to 1:1000 for forex and 1:200 for cryptocurrencies, which can help traders amplify their returns or downside. PrimeXBT is a perfect match for copy traders.

Payment Methods

Well, it’s tough to catch these values, becuse they are usually wider, nevertheless it doesn’t mean that you will be ripped off by the broker and its liquidity providers. Interested in learning more. The fees for withdrawals are as follows. However, users are able to remove this withdrawal limit by verifying their accounts. But even to me it is obvious that advantages are more+++. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. If it’s still not found, verify that the registered email address is correct and contact PrimeXBT support for further assistance. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Test it out with a demo account using virtual funds. Information regarding past performance is not a reliable indicator of future performance. After filling in the fields, click on the button to confirm registration. In most cases, the verification process takes no more than a few minutes and users can move on right away to the next step: payment confirmation. The benefits of using a crypto trading bot include the following. Once you choose a trading strategy, you’re almost ready to place your bet on Bitcoin. These platforms create a sense of community by offering forums and events where traders can share tips and learn together. This type of trading is particularly appealing to those looking to profit from both rising and falling markets. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. Prime XBT also offers investment opportunities in popular stock baskets, including NASDAQ, HK HSI, DOWJ, SandP 500, and more, enabling traders to diversify their portfolios and speculate on specific markets. Date of experience: June 07, 2024. Its intuitiveness and simplicity provided a pleasant trading experience.

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Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Trading involves risk. Even so, Binance has set itself apart by offering an insurance fund for user assets. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. You will head on over to your dashboard section. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. It’s considered a secure and trustworthy platform and has never been hacked.

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My deposit was credited after 20 network confirmations, which took a few minutes. I love the trading platform and it is convenient to use. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. In essence, what seemed like a profitable trade ended up in a loss due to these unexpected charges. Read our in depth guide to explore the features, pros, and cons of AvaTrade for forex and crypto trading. If a major institution adopts Litecoin, the price could see a significant spike. However, some users have noted that the platform could benefit from more fiat currency options. PrimeXBT does not levy withdrawal fees, but Namibian traders must pay regular network miner costs when withdrawing money in cryptocurrencies, guaranteeing transparent and cost effective fund withdrawals. 3150 four month Resistance broke. Let’s say you’re trading with a $5,000 account and with a 100:1 leverage ratio. 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. Fundamental analysis is a form of analyzing the market based upon economic announcements, interest rate expectations, geopolitical risks, news reports, and central bank behavior. However, the choice between limit and market orders should be based on your trading strategy and priorities, such as price control versus execution speed. Acceptable Crypto Currencies. This is an issue because the price discrepancies between lets say Binance and PrimeXBT are pretty significant when trading with real money. Any platform should also have several additional features, such as a free mobile applications, address whitelisting, two factor authentication, and much more. The calculation of selling a single standard lot of GBP is the same as trading £100,000 for $135,100 so your total position is worth $270,200 £200,000. Dear Quang,It’s great to hear that you’re taking advantage of the stable Bitcoin prices to trade with leverage on PrimeXBT. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. These operators autonomously set the minimum link price based on the demand for their off chain resources. However, the most educational resources are for forex. I advise you to trade here. I’m writing about ₿itcoin and what it means to be a sovereign individual in the 21st century. Unlike most exchanges today, KYC verification is optional on PrimeXBT.