Is PrimeXBT Safe? Licensing and Security

PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. They use something called Cloudflare, which is like having a team of security guards patrolling their website 24/7 to stop any bad guys from trying to break in. More flexibility, security, and scalability are made possible by this division of responsibilities. Visit PrimeXBT Platform and get 35% on Your First Deposit. Percentage % Tradable Bonus Promotion Terms and Conditions. It is worth noting that Perfect Money charges the 1. This is important to point out as it means that traders who want the highest leverage will have to expose their whole collateral to their open positions, unable to isolate them. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. The exchange does not currently offer fiat off ramps for withdrawals. When you trade CFDs, you’re betting on price changes from when you open to close a contract. This system connects directly to the internet to access the crypto assets, so these are hot wallets that are always connected to the internet at all times. Polkadot DOT: Polkadot DOT is a blockchain platform that emphasizes scalability and interoperability. Because of this, and the fact that several banks around the world have adopted it, there is an expectation that not only will Ripple survive, but it should thrive over the longer term. Also cross margin is more appropriate for experienced traders that monitor markets a bit closer and have the skills to perform fundamental and technical analysis. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit PrimeXBT TR orders, stop limits, day orders, OCO, and GTC. Plus, PrimeXBT supports multiple currencies, so you can trade using the currency you’re most familiar with, just like shopping with your preferred payment method. 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. Plus, details like this can help those who enjoy copy trading on the exchange.

PrimeXBT Review

It is rare to find an innovative project with a team entirely dedicated to marketing. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. My guidance, rooted in my firsthand experience with brokers and an in depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. Additionally, users can access their transfer histories through individual wallets. 35350 = 25 point loss. While direct phone support is unavailable, which could be beneficial for urgent issues, PrimeXBT compensates with other quick help options, like their Telegram bot connected to support staff. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. June was yet another challenging month for the Crypto market, giving credence to the old adage « sell in May and. Oftentimes reserves can be depleted, or accidents at facilities can lead to a loss of stored reserves that can have an impact on the price of oil. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. It’s smart to never risk more than you are willing to lose in any investment, and especially in volatile assets like cryptocurrency. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. Any short squeeze would be a very short term phenomenon. Additionally, you may choose short or long, as well as a lot of different indicators, tools, and lines to add. Prime XBT is currently an unregulated broker, which means it does not operate in a legal way. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. This is fantastic for beginners who may not want to be daunted by every feature that PrimeXBT offers, as well as advanced users who would prefer a streamlined view that focuses only on the elements that matter to them. Investments are assets you hold in hopes of price appreciation. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. The exact amount does depend on the market involved, as the amount of “leverage”, or the multiplier of your initial deposit will vary.

Deals and Promotions

These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. In this PrimeXBT Crypto Futures review, I will examine what exactly these individuals look for in an exchange, and whether PrimeXBT is able to offer it to them. There are platforms out there, like PrimeXBT, that offers new traders a free account to begin with that is aimed at helping newbie traders, as well as experienced heads. If it is, as a general rule traders will want to own that currency. In contrast, PrimeXBT extends its offerings beyond just cryptocurrencies. Users can open accounts, deposit crypto, and start trading with just an email address. You’ll see a bitcoin wallet address displayed. This streamlined process allows users to quickly engage with the platform’s trading ecosystem. To begin trading, you will first need to fund your account. Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 29 cryptocurrencies. 39%, drawing the attention of four followers with a combined equity of 3180. Therefore, direct cash or fiat currency deposits are generally not supported. Reply from PrimeXBT Copy Trading. There is also a separate module for copy trading, which allows you to select trading strategies for autocopying trades. Please know that we take your concerns seriously and are committed to resolving this issue as quickly as possible. To date, the Financial Commission has awarded an impressive $783,000, and processed over ten thousand claims made by CFD and FX traders. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

Our Verdict

The crypto market is quite different from the stock market. The top 5 crypto copy trading platforms are Finestel, Bybit, PrimeXBT, 3Commas, and Coinmatics. Thank you for choosing PrimeXBT. Traders are looking for maximizing their profit by utilizing any and every feature they can get. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. 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. 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. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. We’re here to support your trading success. However, it’s especially well suited for creators and influencers in the forex trading, investing, and finance niches. The platform supports various tradable assets, including cryptocurrencies, forex, commodities, and indices. How to Deposit on PrimeXBT. Best Regards,The PrimeXBT Team. PrimeXBT itself gives a figure of 7. Upto 100x Leverage KYC Exchange Store funds in cold wallet. Your feedback is crucial in helping us improve. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. You can update your choices at any time in your settings. I read a lot of reveiews and articles about PrimeXBT and I found out that this is the only platform that provides equally good trading terms across all asset categries. Better to be safe than sorry. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills.

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Namibian traders, particularly those working with cryptocurrency as a base currency, should consider PrimeXBT currency conversion fees. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Our 24/7 support team here to help. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. PLEASE NOTE THAT COMPANY IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF BITCOIN TRADING WITH MARGIN. By following these steps, traders can effectively engage in margin trading on PrimeXBT and manage their positions to maximize potential returns. The MEXC crypto exchange was founded in 2018, is available in over 170 countries, and boasts an audience of more than 10 million users. PrimeXBT provides address whitelisting, meaning only the addresses that are pre set may be used for withdrawals. Due to its immense promise,. If you continue to face issues, please contact our support team at. And again, please bear in mind that all past results are not an indicator for future performance. 32 to send USDT over the BEP20 network. With a unique link, earn payouts from trading commissions paid by your referrals. As with other providers, Best Crypto Signals Telegram group sends signals to its members but also has an option to receive these signals through email. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. Receive the latest news and stay informed. Because it provides a streamlined method of managing their funds in this digital first era, this feature is very attractive to traders in Namibia. During the late 2017 and early 2018 cryptocurrency hype bubble, few crypto assets or altcoins received as much buzz as. PrimeXBT takes pride in offering this feature as part of its unique selling proposition. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. PrimeXBT operates without a specific financial regulatory framework. Twitter: aylerTBMLinkedin. Don’t Miss Your Chance For Up To $7000 Bonus At PrimeXBT. With over 1 million users across more than 150 countries, PrimeXBT offers access to more than 100 tradable assets. Long selling is buying low and re selling high. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Leverage allows traders to open larger positions with a smaller initial investment.

NEIRO Up by 43% Today After OKX Futures Listing

On the upside, there are no minimum deposits, and you can engage in copy trading with lightning fast execution speeds. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. Additional features include Trading and Analysis Tools, a Referral and Affiliate Program, various rewards, and contests. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. This is what is known as the over the counter, or OTC market. Thus, by holding these coins you passively earn money thanks to the rewards, but you are also holding onto an asset which is fluctuating in price so you are able to sell them when you want to take a profit. When it comes to approaching the stock market, there are so many different options across so many different countries, and. 90 per ETH, while Eth is priced at around $200. It allows you to save 50% on commissions up until the expiry date of the coupon. All you have to do is open a live account, choose a profitable trader, and you’re ready to go. 0005 BTC for Bitcoin withdrawals. In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. However, insurance coverage is still rare within the crypto industry. However, if you want to hold, you will either need to create a digital wallet where you will store your cryptocurrencies, or you can store it on the PrimeXBT platform. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 01%, while on PrimeXBT, they were consistently over 0.

Does PrimeXBT provide any tools to assist Namibian affiliates?

PrimeXBT is a perfect match for copy traders. ChangellyChangelly is a cryptocurrency exchange platform that allows you to easily swap, buy, and sell various digital assets. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. While you’ll be limited in what you can do with an unverified account, the Level 1 KYC asks for minimal personal information you’ll just need to provide your country and name. Solana and Ethereum are competitors for the same market share. Despite the variety of choices, PrimeXBT is extremely simple to use. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. Receive the latest news and stay informed. Fees aren’t burdening whatsoever, very competitive ones. The platform you choose needs to allow you to perform smart and fast trades. When Bybit first launched, I wouldn’t touch it. No, all that is required to open a PrimeXBT account is a valid email address and password. And have it transferred to your PrimeXBT wallet. PrimeXBT offers customer support through email, web form, and live chat, available 24/7 to assist traders worldwide. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade.

ADMINISTRASJON

25 and a possible low of $0. For example, some codes are exclusive for the first purchase. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. The multilingual interface indicates the orientation towards the international market. You can open an account and start trading with just your email address. Since then, it has retraced back to around $2. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds.

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The company is registered in Seychelles and serves clients in over 150 countries. They have developed their own trading technology, making the platform robust with plenty of key features. Therefore, traders must adopt sound risk management practices, such as setting stop loss orders and regularly reviewing their positions to mitigate potential losses. Because of this, taking precautions is the best thing you can do to prolong your trading career. However, I see most PrimeXBT reviews here mentioning forex, and im not as well versed in that, and dont trade it here, but the spread there seems to be higher, its not in hundredth of a percentages anymore. And the great thing is that the quality of these signals is the same, but free members just get them less frequently. This is what is known as the over the counter, or OTC market. An alternative to using your credit card to buy digital assets, you can go through the PrimeXBT Peer to Peer P2P marketplace where additional payment methods such as PayID, Skrill, and local bank transfers are available. Io copy trading, 5% of copier profits are given to professional traders. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Deposit and Withdrawal Fees.