🔍 PrimeXBT Review: Unveiling the Trading Hub 🌟

The live chat feature stands out with prompt response times, often within minutes, with agents who can help with account issues, trading inquiries, technical problems, and platform navigation. They can protect your account and other open positions as the position will automatically close when your position hits its margin call. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 67 cryptocurrencies. When market volatility is high, for example, a broker might raise margin requirements for the safety of its customers. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. Hello Emre,Thank you for sharing your amazing feedback about PrimeXBT. Still, it can also be extremely helpful given all of the signals it provides with just one tool enabled. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos.

PrimeXBT vs Bybit 2024: Which Exchange is Best for Crypto Trading?

This can be appealing if you believe the price of the Crypto will rise. PrimeXBT supports trading Crypto, Commodities, Forex, and Global Indices. How to claim a 50% deposit bonus on PrimeXBT. Other countries prohibit foreign currency trading for reasons best known to them. Anyway, PrimeXBT CFD the trading conditions on crypto futures are so beneficial. This model is irrespective of trading volume or maker taker status like with other exchanges. What’s even better is you can browse through an expert’s opinion on their service as a whole. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The first thing you’ll see when you register onto the platform is its seamless user experience. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. Cryptocurrencies have become highly popular because they can also be used as speculative assets. It uses a native currency DOT and operates using a Proof of Stake protocol. It is mostly popular for copy trading where you can follow and copy over 8000 top traders, who have made over 38 million copier earnings and 130 million total orders. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users.

What is a Margin Call?

You should only “HODL” with money you’re prepared to lose. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Its almost 2 months of this wiggling around in the 65 71 range. These products are not suitable for all investors. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. ” or “how high will Cardano go. Hedging is a risk management strategy that involves opening positions in different directions to offset potential losses. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. Thanks to Bybit’s daily volume and liquidity, traders can operate in a stable trading environment, while its security infrastructure ensures a safe and reliable experience. This flexibility enables hedging, diversification, and leveraging market fluctuations. Best regards,The PrimeXBT Team. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. June was yet another challenging month for the Crypto market, giving credence to the old adage « sell in May and. Unlimited via Perfect Money. Elliot Wave II, achieving a 100% win ratio across 22 orders, presents a balanced approach with a monthly profit of 27. Outside of discussion forums, fraudsters posing as PrimeXBT or PrimeXBT officials can be found on Telegram, Twitter, Facebook, and other social media platforms. Additionally, the orders can be canceled at any time, without any cost. Over the last few years,. 01% on crypto futures. Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. Best Regards,The PrimeXBT Team. Today is intended for informational purposes only. 000062 for 2024 and an average price of $0. However, trade in stablecoins, or use of a third party.

5 Currency and Exchange Arbitrage

Simply register, make a deposit, and the $100 will be at their disposal. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. For advancing your knowledge in technical analysis, you have access to integrated TradingView charts, allowing you to apply various indicators and tools on their platform directly. We respect your privacy while trading, which is why all PrimeXBT related operations and infrastructure are built with top priority being given to personal data protection. Now as for PrimeXBT, I know they are well regulated, but details I dont know, I also read somewhere that from some countries it is impossible to access their services. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Alternatively, you can overview the ‘Margin impact’ field to automatically calculate the amount of margin you need to open a new position. For more information, please see our Cookie Notice and our Privacy Policy. Learn more about Baksta’s Legal Terms. Of course, this also works on the way down as losses are also magnified. After completing this process, you can deposit funds into your trading account using the various payment methods supported by PrimeXBT. Lowest fees: PrimeXBT offers some of the lowest fees in the industry, starting from just 0. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. PrimeXBT is a leading online broker that offers trading on cryptocurrencies, commodities, indices, and forex. In recent years, the digital payment landscape in Indonesia has undergone a significant transformation, largely driven by the rapid adoption of e wallets. The spreads on major pairs like USD/EUR or USD/GBP are generally smaller than on minor or exotic pairs, but all spreads are competitive. Well, we are not really fans of mobile trading in general. I know many of us are focused on trading crypto only, and this is because of the crypto exchange platforms, where only digital instruments are available for trading. PrimeXBT also has leveraged trading for various assets, which is one of its main selling points. In 2019, at least 94% of orders on PrimeXBT were executed at the quoted price or better. Thisproactive move reinforces the platform’s commitment to providing anexceptional, cost efficient trading experience that maximises traderprofitability. Prime Technology Ltd is PrimeXBT’s Technology Provider. Sometimes we get the shorter end of the stick, but still, there are more wins than losses.

Regulatory Perception and Stance on Cryptocurrency KYC

If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. Wolverhampton School of Business. There are so many customers being drawn to cryptocurrencies that we had to include a vertical within our PrimeXBT review. While Cryptocurrencies consolidated around Bitcoin, traders posted. Date of experience: July 30, 2024. Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo. PrimeXBT is a newer trading platform where you can grow Bitcoin through crypto, forex, index, commodity and metal trading. Our website uses cookies. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Allocate only a portion of your capital that you can afford to lose, and never risk your entire investment. The broker accepts Bitcoin deposits only. Long selling is buying low and re selling high. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. Note that an overnight financing fee is charged at 00:00 UTC if a position is carried into a new trading day. I found the KYC process to be straightforward, with my account being verified instantly. 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. Most Forex trading is done between major institutions and central banks.

Who is Primexbt’s CEO?

All reviews, either positive or negative, are accepted as long as they’re honest. Traders should also consider their risk tolerance, trading goals, and market conditions when developing their strategies. Here are some of the most important pros and cons of margin trading. Failing to meet these conditions can result in the promo code being invalidated or the benefits being revoked. The full range of advanced Crypto Futures capabilities at PrimeXBT provides flexibility far beyond what traditional Crypto spot exchanges offer. Deposits are usually processed within a few minutes to a few hours after the transaction is confirmed on the network. Once everything is ready, the clients can start copying trades of the chosen traders. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. PrimeXBT was founded in 2018 in the Seychelles under the name PrimeXBT Trading Services and has since grown into a global brand with clients in 152 countries. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. I noticed it was going to fall, so here was a chance to short sell and to start recovering funds. At its core, Dogecoin is a Proof of Work cryptocurrency, which means that it relies on a network of cryptocurrency miners to verify transactions and ensure all network participants are in agreement on the state of the distributed ledger. PrimeXBT delivered a seamless trading experience. To claim the PrimeXBT 50% deposit bonus, CLICK HERE to register, and use bonus code TOPTRADING. If you have any questions or need assistance with the platform’s features, feel free to reach out to. 5 Million in SHIB for AI Token FET Amid Market Shifts. If you opened a 10x Margin position and held it overnight not even your overnight, THEIR overnight which is UTC, which is a regular middle of the day our for some of us. Unfortunately, as the “crypto bubble” popped in 2021, Stellar Lumens went right down with it. In my days of day trading traditional and crypto assets, I have witnessed too many shady forex, stock, and crypto exchanges disappear with everyone’s money or go bust, so I only trust the top regulated and reputable exchanges, and of course, DEXes. Strategy managers on PrimeXBT’s Covesting platform provide transparent performance statistics, including. Sign up to receive notifications when PrimeXBT Main Site publishes outages. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. This trading instrument has become very popular and similar products are now offered on many of the major exchanges. As for Bitcoin, it’s the “Grandaddy of all” in crypto. On the other side, PrimeXBT offers a more focused educational suite with resources primarily geared towards trading on their platform. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Compared to the stock market, currencies backed by nations, government bonds, and ages old commodities like Oil, Gold, and Silver, Crypto lacked a proven track record and proper use case. 45 and an average price of $152. The app, now available on the Apple Store, offers unique features that enhance community engagement and potentially drive exponential growth.

On chain Analysis: 10 Crypto Trading Indicators to Spot Next Bull Run

000079 predicted for 2030. Thus, we recommend that you carefully familiarize yourself with the terms of work on PrimeXBT and, if you wish, start with small trading volumes, gradually mastering all the possibilities of the platform. BitDegree aims to uncover, simplify and share Web3 and cryptocurrency education with the masses. There are no deposit or withdrawal fees charged on FTX. With high leverage options, you can maximize opportunities quickly and efficiently through the PrimeXBT mobile app. Here’s our detailed analysis of the futures trading experience. Utilize the referral dashboard in your PrimeXBT account to view detailed statistics and earnings from your referrals. Is AVAX bigger than DOT or smth. I think crypto futures has some advantages. There are a variety of technical analysis indicators and oscillators that traders can use to get a better read on the market and price action. At least this is what is stated on their website. He earned his degree in English Language in the U. Only a small portion of digital assets are held in our online wallet “Hot Wallet”. However, it’s especially well suited for creators and influencers in the forex trading, investing, and finance niches. For instance, funding fees for BTC on Binance and Bybit were both 0. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system. Dear Tiago,We’re thrilled to hear that you’re enjoying the smooth and quick deposit and withdrawal process on PrimeXBT. Security features include but are not limited to. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. In terms of customer support, you have the industry standard options of the 24/7 live chat and email ticket system.

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This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. The code is valid for Resend OTP. The mobile app’s functionality is a significant plus for PrimeXBT, especially for traders who need to manage their portfolios on the go. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. X Twitter Discord Telegram Reddit YouTube LinkedIn Instagram Facebook TikTok. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Monitor Your Performance. The SEC’s intention to establish itself as the primary regulator for the sector is evident, with its action against Ripple marking the initial phase towards categorising all tokens as securities. 7 per BTC, with a market cap of $1154233286734 USD. Gold is an established and mature market for investable assets. 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. Pricing and Feature list. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts.

Step 1: Setting Up and Funding Your Account

To transfer Crypto to your trading account,. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. Basic Attention Token BAT. The bonus funds are available for two weeks after activation, and can be used as additional collateral to open positions. PrimeXBT doesn’t offer a dedicated phone line for emergencies. Date of experience: April 29, 2024. Investing in Shiba Inu is the same as investing in another Cryptocurrency. Adoption has been very vibrant, but it should also be noted that there may come a time when Polkadot will have to address the limited slots. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum.

Trading Instruments

The platform undergoes consistent development in line with the expectation that everyone will use and trade cryptocurrencies in the future. There is no need to create separate accounts for FX, crypto and Gold: all opportunities are at users’ fingertips from the very beginning of their interaction with PrimeXBT. This could mean a bigger trade, a tighter margin, bigger leverage, or some other move that is fueled by greed and deviates from the plan. Their fees are typically less than $2. It also provides a breakdown of individual crypto and US dollar balances. With that said, you will need to load funds onto your profile before you can start trading Bitcoin, for example. Thanks for your feedback. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. When we used PrimeXBT, we were reassured to see that the brokerage offers a demo account through its Contests. Enter your email address to register to our newsletter subscription. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Advcash account email address used to make a deposit will be preselected automatically. Thus far, Raydium on the Solana blockchain is the most successful one to date. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. This module is user friendly but it lacks adequate filtering. PrimeXBT offers a feature called Crypto Address Whitelisting, which enhances security by allowing users to designate specific withdrawal addresses, limiting transactions to those addresses on the list. Companies can ask for reviews via automatic invitations. There are also a lot of crypto currencies available. The history of the entity holding the PrimeXBT brand name dates back to 2018. Scan this code to download app. PrimeXBT charged me a withdrawal fee of 0.

Download our 100% FREE Beginner’s PDF Guide and 5 MINUTES Bitcoin Buying Tutorial →

Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. However, Large Caps and Mid Caps are continuing their strong performances from July and just surpassed 10% returns in August while Bitcoin is actually lagging behind, up only 7 percent. Here are some real world uses for Cardano as well as prospective collaborations that could broaden adoption. Everything has some perceived value, or else no one would have kept any BTC on hand in the first place, but in pure dollar terms, Bitcoin was only a few fractions of a cent. This leaves Volet and Perfect Money as the alternatives. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. 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. For more information, please see our Cookie Notice and our Privacy Policy. Beyond the pressure on all Cryptos during the “Crypto Winter”, Ripple was also dealing with a lawsuit from the SEC that claimed that XRP tokens where unregistered securities. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. Does Binance have the cryptocurrency that you want to buy. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Best regards,The PrimeXBT Team. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction.

PrimeXBT what is it?

I can trade a wide array of assets from one account. PrimeXBT is a multi asset trading platform that allows users to trade a wide range of financial instruments, including cryptocurrencies, forex, commodities, and indices. To review the markets and place orders, traders should go to the “Leveraged Trading” section. Therefore, with PrimeXBT, you can keep track of your positions, open new ones and even add more assets to your wallet from anywhere. I’m turbocharging my trading experience with primexbt and futures trading with leveraged cryptos. Copyright © 2024 NCN Capital Accent Interactive. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. This site uses Akismet to reduce spam. New users can also get up to $50k in sign up bonuses when they sign up using our Coin Bureau link. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. Day traders have the luxury of going to sleep without being in a position, and don’t have to worry about the always on, 24/7 Crypto market getting the best of them while they rest. You can withdraw your account balance at any time. 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. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. In order to make any movements from the cold wallet to the hot wallet, they make use of multi signature access that needs to be executed by multiple employees. Trading digital and traditional assets from the convenience of one platform and one account. Discover PrimeXBT and all its benefits. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Let’s say you want to buy $100,000 worth of bitcoin but only have $2,000 in your trading account. We highly recommend that you control your positions and keep a sufficient amount of funds in your trading account at all times, even if you’re convinced that the trade will be profitable. Trolling, in all its forms, will lead to a suspension or permanent ban. 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. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. If you are taking a short position in a bullish market expecting a trend reversal, then cross margin with a stop loss order might be a better choice, as it will allow the trade to remain open as it moves into the range you expect the reversal to happen. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. In fact, many analysts believe this is the potential Cardano price target for 2023. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. Ready to reach your financial goals while managing risk effectively.

Worse

It awesome for proper risks allocation, since from the very beginning traders are taught to distribute risks correctly not to get exposed by them and eventually not to get disappointed about trading activity. CoinEx offers a huge range of investments and products, with more than 600 cryptocurrencies available for spot trading, margin trading, and futures trading. PrimeXBT’s copy trading feature is marketed as Covesting and operates similarly to the copy trading services offered by eToro. Are the fees charged on a demo account. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. PrimeXBT is not available for users located in the USA, there is no « PrimeXBT USA » option as there is with other platforms like eToro or Binance. In the result of our compliance team or any PrimeXBT team member discovering a user has provided misleading information about his or her residency, the user will immediately have their trading account restricted. As soon as you hit one of them, this will trigger an additional window where you can select the specific type of order you want to place. 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. Some links are affiliate links. You could lose all the money you invest. Doing so dramatically mitigates the risks of a single point of failure. 28% loss, has managed an impressive all time profit of 902. In terms of funding an account, there are no fees that are applied to inward payments. Really scary times: Middle east war potential US job cuts First time no carry trade in 20 yearsWith Primexbt though, i’m chill. The lack of portfolios to browse and copy is a con in itself. Our guidance is designed to empower our followers with the knowledge and tools needed for a rewarding copy trading experience. No disadvantages, all is good, working fine. That’s it; it is that simple to short Dogecoin on the PrimeXBT platform. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Bybit is also clear that it may require KYC to approve withdrawal requests at any point. PrimeXBT is available on both web and mobile platforms.