What are the key reasons to choose PrimeXBT for crypto trading?

Our website uses cookies. I deposited funds traded some then after several days decided to withdraw funds and was told I needed to do KYC. Additionally, choosing assets with lower overnight fee rates can help in minimizing costs. You can freely withdraw cryptocurrencies at any time. It serves clients in over 150 countries and has over 100 trading assets available. Most platforms offer tools to track real time market news and analytics, helping you make informed trading decisions. It’s a win win for everyone. The file is verified secure by PrimeXBT. The benefits claimed by the developers of the www primexbt com platform are. PrimeXBT is another great option for trading perpetual futures with leverage. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. PrimeXBT executes orders in under 7. Bank grade encryption protects data. To show this content, please click “Consent and Show” to confirm that necessary data will be transferred to Youtube to enable this service. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. 🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. To register on the PrimeXBT website, you need an email address and a password. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs.

10 Best Crypto Copy Trading Platforms 2024

The PrimeXBT team has also made bold claims about their copy trading feature. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. For more experienced traders, PrimeXBT offers extensive charting capabilities, order types, risk management tools, customizable workspaces and more. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. 🚀 We’ll explore how PrimeXBT operates, its diverse services, safety measures, and its ideal users. In addition, these funds can not be used to cover losses, and will only function as collateral or to increase position size. Can’t say that I am fully delighted by it, but these are just trifles, i guess. PrimeXBT is not a major exchange, and isn’t regulated by any international laws aside from laws in countries where the company operates from. Unrealized profits increase the available margin in your account, while losses reduce it. The Dogecoin community is extremely active, and in the past, raised over $55,000 at the market price at the time to sponsor a Nascar driver, Josh Wise, to run Dogecoin and Reddit paint on the car during a race. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Enhance your trading knowledge with our video content. Share it online or with friends. Everything is well laid out, not cluttered, and easy to find with intuitive drop down menus. Trading futures requires providing the margin amount for the futures contract. We’ve also highlighted the importance of developing a well defined trading plan that incorporates risk management strategies.

◾️How fast is my withdrawal processed?

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. Bitcoin, as the oldest, and biggest cryptocurrency, has made gains of 9 million percent in 10 years; there is no other asset on earth that has competed with that. Cash accounts are used by investors more than margin accounts, while margin accounts are used by speculators more than investors. KYC is optional on PrimeXBT. Select your country to review all available payment methods. 1M+ community members. There is also a copy trading tool called Covesting. We’re delighted to hear that you are satisfied with our services overall. Prime XBT Trading Services, S. Some steps might need third party services. Prime Technology Ltd is PrimeXBT’s Technology Provider. What is Bonk and How Does It Work. The platform supports many languages, including English, Chinese, Spanish, Korean, Portuguese, and Russian. Open the downloaded file and tap Install to complete the installation. If a confirmation email is not received, check the spam/junk folder. Be sure to download it and get yourself logged in. By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. This might cause a delay. By investing in user education, PrimeXBT demonstrates its commitment to supporting its users’ success. Although you will also need to provide KYC documentation, the Covesting platform lets you set a publicly viewable username in lieu of your real information as a trader and/or investor on the platform. We have done our extensive research and in this PrimeXBT review, we’ll let you know if you should use this derivative trading platform. Check out our Traders tasks FAQs here. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. When Bonus is active, balance may become negative due to trading loss or fees incurred.

Traders’ Reviews of the PrimeXBT App

It is cool to trade through a single account crypto futures and other traditional financial assets like forex, commodities and so on. To get one of these bonuses, all you have to do is activate one of our exclusive promo codes. Espero que esto siga siendo así. In other words, you are quoting the first currency in terms of the second one. For example, some platforms are spot exchanges that only offer simple buying and selling of assets. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. BEWARE FINANCING FEES. For example, if you deposited with Volet, you must also withdraw using Volet. 618 once again, Dogecoin could find its next cyclical peak at around $3. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. The fact that it allows the trader the ability to control a larger position than usual means that it can carry outsized losses if not approached properly. As a derivatives trading platform, PrimeXBT does not offer any spot markets. Trade: Details of orders and positions can be found on the trade page. Unlike Bybit, which leverages Tradingview, PrimeXBT developed their own trading technology and interface that is robust and has plenty of features, with over 50 tools and indicators available for traders to access. Trading Bitcoin options is generally a bad idea because traders lose money, and they can be expensive just to access. PrimeXBT’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders.

Introduction to PrimeXBT Bonuses

In the “Summary Module” at the bottom of the page you’ll find your existing trades if you placed a market trade then your trade should automatically appear here. PrimeXBT has a watchlist you can easily customize and populate with the trading pairs of your choice. Prime Technology Ltd is PrimeXBT’s Technology Provider. If you sell when the FTSE 100 is trading at 7497. PrimeXBT allows users to deposit BTC, ETH, USDT, and USDC. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Experience hassle free deposit and withdrawal options with PrimeXBT. We’ll continue our investigation to unearth the truth. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Crypto futures fees are attractive at 0. Users also have access to the Help Center, which features a comprehensive FAQ section. Dear Anurak,Thanks for your feedback. Investors everywhere seek to cash in on the excessive volatility of digital coins and assets despite the proportionately high risk they involve.

Payment Method

MT5 on all your devices. Mit einem starken Hintergrund in FinTech und DeFi ist er auf Blockchain Technologien und Kryptowährungen spezialisiert und bringt über vier Jahre an aufschlussreichem analytischem Inhalt mit. The company accepts only the following participants. This allows the trader to psychologically accept the losses that will inevitably come from time to time. Educational resources are abundant, and you can test the platform with a free demo account, supported by round the clock customer service. Alternatively, users can access extensive charts regarding cryptocurrencies and prices for Index, Forex, and Commodities. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Whether there are limits on the withdrawal amount is not specified on the site. XM global offers a pre integrated signals service via the MT5 platform. Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. This is called covesting within their service and you will need to explore the fees that are applicable for the program. However, there’s also the daily funding rate that you have to consider since this is leveraged trading. This means users have to authorize logins on their phone via Google authenticator or other authentication methods to gain access to the account. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. Here are 8 tips for writing great reviews. While this isn’t a particularly welcoming experience for new users, it does ask if you want to go through tutorials first. The top performing traders on eToro have only earned just over 200% ROI over 12 months, showing that the traders that PrimeXBT and Covesting are attracting are a cut above the rest. Use these tools to study price trends, patterns, and key levels of support and resistance. Here, you can both buy and sell the most popular currencies and make money on fluctuations in exchange rates using futures and CFDs. Even a small price movement that goes against your favor can completely wipe out your account if you overtrade. Its parent company, Prime Technologies Ltd, is registered in the Republic of Seychelles. Under the new regulations coming for crypto in the US, it’s likely both centralized and decentralized exchanges will implement more KYC processes in order to issue Form 1099 DA in the coming years. The ATO has also advised that records should be kept for at least 5 years. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. Before trading, it’s best to learn everything there is to know about leverage and margin. 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. No, Bybit does not offer copy trading features. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn.

Primexbt Turbo Review Deposits Withdrawals

Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. 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. These promotions often include welcome bonuses for new users, percentage based bonuses on deposits, and exclusive promo codes shared via social media and newsletters. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Key Features of PrimeXBT Margin Trading. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Date of experience: September 28, 2024. We at PrimeXBT have collected a large number of reviews of our bot. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. When placing a market order or otherwise to trade Cryptocurrency, traders will want the order to fill as close to the selected entry. Analytical articles can be found in the “Blog” section of the company’s website. I found the KYC process to be straightforward, with my account being verified instantly. Ready to take your trading to the next level. In this guide, we will offer a comprehensive PrimeXBT review to help you evaluate if it is the right platform for you. While such high leverage amplifies potential profits, it also heightens risks. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Ethereum Whale Sells 6,900 ETH – Is It Time to Worry. While depositing crypto directly incurs no charges, purchasing crypto through these providers does entail a fee. However, to engage in meaningful trading and cover the margins required for positions, a practical minimum amount should be considered, which might vary from $100 to $500 equivalent in cryptocurrency. It caters mainly to experienced traders and may pose challenges for novices due to its high leverage and unregulated status. 🚀 Test strategies, master platform tools, and boost your confidence without financial risks. The PrimeXBT mobile app mirrors all the functionalities of the desktop platform. Crypto Futures: Users can trade perpetual contracts via the Crypto Futures platform. Diversify across more than just Crypto.

Can I buy Crypto with a bank card?

The platform’s trading fee of 0. Upfront fees and charges are more suited than hidden charges that may materialize throughout trading and reduce customer satisfaction. The award winning Bitcoin margin trading platform offers CFD markets for crypto, commodities, stock indices, and forex on one platform. The platform checks withdrawal requests that seem suspicious. PrimeXBT stands as a versatile platform, offering a spectrum of trading possibilities. Withdrawals on PrimeXBT are typically processed within 24 hours, but times can vary based on network congestion and security checks. Learn more about Baksta’s Legal Terms. The program is transparent, has live statistics, and ensures timely payouts. This rate is relatively low compared to industry standards, making it cost effective for traders, especially those executing large volumes of trades. Unlimited via Perfect Money. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Bybit also offers a lot more crypto centric products like the Launchpad and NFT marketplace and features a better built out Earn section. But, they don’t have live chat support right now. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. However, its unregulated status and limited asset selection may deter some users.

24/7 support

Technically speaking, there’s an almost infinite amount of DOGE coins left. NASDAQ NDX: The Nasdaq still appears to be lagging behind the SandP 500. 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. The platform supports more than 100 asset pairs from both crypto and traditional worlds. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. However, there were a few areas of disappointment. In general, the KYC verification procedure is not complicated and goes quickly, after which you will have additional opportunities on the PrimeXBT exchange. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. Once we click on the “Send Order” button, another confirmation box pops up. Day trading is a trading style that involves opening and closing trades within the same day. Select Accept to consent or Reject to decline non essential cookies for this use. Learn more about Baksta’s Legal Terms. 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. Reply from PrimeXBT Copy Trading. Discover VGO Promo’s Coupons Page: Exclusive Bitcoin Casino Bonuses, Referral Coupons, and Freelance Creative Services. These products may not be suitable for all investors. Its intuitiveness and simplicity provided a pleasant trading experience. The DOT governance token can also be used for staking to secure the network or to bond new chains. The platform is available to traders from more than 150 countries worldwide. In fact, everything turned out to be not as promised, the conditions were changed and they were not even informed. Holds up your withdrawal for foolish reasons. Prime Technology Ltd is PrimeXBT’s Technology Provider. Visit PrimeXBT Platform and get 35% on Your First Deposit. The average stock pick inside Stock Advisor is up 755% — more than 4x that of the SandP 500. Despite its prominent position, Chainlink faces challenges. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency.

Ben Beddow

Overnight fees are applied to leveraged positions held overnight, ensuring that costs are managed appropriately. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. You can discern that both platforms offer high leverage and competitive trading volumes, standing out for their offerings in crypto margin trading. It serves clients in over 150 countries and has over 100 trading assets available. 684, and we have already seen these minimum and maximum prices manifest moving into 2004. PrimeXBT has directly integrated the third party service provider’s module into the trading platform itself. If the app is unavailable in your region, you can still access it through direct download from our site. The benefits claimed by the developers of the platform are. You place your trade above or below the current price and then wait for it to get triggered. With a unique link, earn payouts from trading commissions paid by your referrals. This knowledge enables them to make better decisions, ensuring that their trading strategies are not only effective but also cost efficient. Anyone outside of dYdX’s restricted locations can use the platform immediately with no verification necessary.

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Learn more about Baksta’s Legal Terms. PrimeXBT employs a straightforward fee structure that includes two primary types of fees: a trade fee and an overnight financing fee. Let’s take a bird’s eye view of the products available on PrimeXBT. PrimeXBT Trading Services, S. To access live chat support, British users can navigate to the help or support section on the PrimeXBT platform. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. It aims to give a clear and honest trading experience. The award winning trading platform behind PrimeXBT provides you with margin trading account and all the tools you need to succeed in the crypto market. As the world of technology evolves, the need for a more decentralized and user centric internet becomes more and more apparent. Are you an Apple user. PrimeXBT is a broker to keep an eye on. 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. This ensures that your trades are executed swiftly, with minimized slippage compared to markets with less liquidity. There are two main types of storage for digital currencies: hot wallets and cold wallets. 👔 LinkedIn: Network and stay connected with PrimeXBT on LinkedIn. This makes the fees and commissions on cryto trade less. PrimeXBT offers a variety of deposit options. At the end of the day, that is the most important thing to know on a chart, and people will typically use technical analysis as an entry or exit signal, perhaps based upon the longer term movement known as “the trend. Prime Technology Ltd is PrimeXBT’s Technology Provider. However, traders should approach Dogecoin trading with a clear understanding of the risks involved and a strategy tailored to their individual risk tolerance and investment objectives. Tips for a Smooth Deposit. PrimeXBT allows its users to engage in trading some of the major indices such as NASDAQ 100, the SandP 500, NIKKEI 225, ASX 200, and others alike. Trading platforms that require no verification for trading are becoming rarer and rarer. Go to the “More” section, “Blog”. Trade volumes of $700,000+ CFD and Crypto Futures. Withdrawals can therefore take up to 24 hours to fully process. Dear Enzo,Thank you for your feedback. By understanding the impact of regulations and leveraging PrimeXBT’s support services, traders can navigate the platform more effectively and ensure compliance with local laws. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Com is committed to helping traders of all levels make informed decisions about which broker to trade with.

Equal

As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. This bonus can be a valuable tool for traders looking to expand their trading opportunities, but it is important to be aware of its limitations and potential risks. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. Dear Yago,We’re pleased to hear you find our trading interface modern and user friendly. 35% Deposit Welcome Bonus – Offer is about to expire, get it now: Sign Up Here. 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. This method effectively measures the capability of customer support to assist both active traders and casual investors. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. Launched in 2018, it has quickly grown to serve clients in over 150 countries, providing them with access to top tier liquidity and a variety of trading tools designed to cater both novice and experienced traders. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge. If there is a match here we go. 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. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system. PrimeXBT delivers through integrated modules spanning Crypto derivatives, Forex, Global Markets, and Copy Trading. Selecting a reliable validator becomes crucial, as misbehavior or security lapses on their part can directly affect the safety of staked assets. It has courses, webinars, and advice from experts on many trading subjects. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. Entering a trade as a short/long you will find that 9 times out of 10 that your perfect execution will be revisited to hunt that stop loss. Enter the amount you want to withdraw. 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. A good mix of these features will help you find the best crypto trading platform for your needs. Thanks to Bybit’s extraordinary efforts, they recently hit the 10 million user mark and have solidified themselves in the top ten crypto exchanges in terms of trading volume and are growing rapidly. If you don’t feel like you’re ready to trade Bitcoin yet, PrimeXBT features a copy trading module. The platform’s copy trading feature allows users to follow successful traders, further enhancing its appeal. 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.