PrimeXBT Review 2024

Privacy practices may vary based on, for example, the features you use or your age. Buying the top could have resulted in significant losses, but shorting it with PrimeXBT would have been a completely different outcome. 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. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. Both platforms offer some of the lowest fees in the industry. For a complete list of restricted regions, refer to Section 1. For instance, a state ID card or a passport. 36 and is presently trading. Dear DanutaThanks for your feedback, PrimeXBT appreciates your opinion. However, if you are more of a longer term trader, you are going to be more likely to simply walk away from the computer and check price action every few hours. The Prime XBT Exchange is based in the Republic of Seychelles. CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades. Read next: 10 Best Decentralized Exchanges for 2024. We use dedicated people and clever technology to safeguard our platform. I have worked with a lot of other crypto exchanges and they always bite a huge piece of my profit but here on PrimeXBT they charge only 0,01% for the maker and 0,02% for the taker fees. As a PrimeXBT affiliate, you’ll get access to many promotional materials like creatives, landing pages, domains, trademarks, banners, or available content. PrimeXBT operates a tier based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals. We also value your suggestion about adding a general bright color scheme to make customization easier. We’re glad to hear that you find the advantages of PrimeXBT outweigh any potential disadvantages. Some traders are willing to give their trades to the general public and allow others to view these trades. Crypto Deposits: PrimeXBT offers free crypto deposits. Please refer to Affiliate Disclosure. And most likely, because of all this hype around crypto currencies, I decided to open account on this platform and start trading cryptocurrenciesI chose this platform because I read that this broker has narrow spreads and smallest commissions for trading cryptocurrencies. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. The platform provides helpful 24/7 customer support via live chat, email, and social media. Secondly, major coins like Bitcoin are currently experiencing periods of consolidation.

PrimeXBT Review 2024: Complete Exchange Overview

During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. This minimized my losses and still only cost 0. Financial Services: By enabling secure and open transactions, smart contracts, and decentralized finance DeFi applications, Cardano has the potential to completely transform the financial industry. PrimeXBT Trading Services Ltd is officially registered in St. Reviewed by Alexander Goodenough. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. Review collected by and hosted on G2. Other cryptocurrencies might differ slightly in processing times. The trade fees are very straightforward. Unlimited for Carteira PrimeXBT verified users. PrimeXBT and Bybit have distinct fee models that cater to different trading activities. Commodities and indexes have a larger variation in trading hours due to local trading hours.

Equipo Editorial

Around that same time, reports that Binance was based in Malta surfaced. Users can open accounts, deposit crypto, and start trading with just an email address. It also provides a breakdown of individual crypto and US dollar balances. Once the trader subscribes to such a service, he or she can start to follow the strategy of the master in an automated manner. 1% of the required capital in order to take out that position. Now you can bet on whether Bitcoin’s price is going to go up, called a long, or go down, called a short. Let’s now find the answers to all these questions in our complete review of PrimeXBT. It’s probably best to avoid. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Specializing in CFD trading, PrimeXBT enables traders to speculate on asset price movements without owning any of the underlying assets. PrimeXBT is an online trading platform that allows users to trade various financial assets, including cryptocurrencies, forex, commodities, and stock indices. The leverage is variable, however, changing with the trade size. OpenFlux is Live: The Dypius Incubated NFT Marketplace Welcomes Artists and WOD Players Worldwide. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Plus, enjoy expanded campaigns across all assets. This means that they can make money on a fall in the price of the asset. Its low trading fees and wide range of markets make it an appealing option for advanced and higher frequency traders who can stomach the risks and reward tradeoffs of leveraged trading. In this scenario, you’d experience a loss of $500 excluding fees. PrimeXBT, a holistic crypto futures and CFD trading platform, introduces an enhanced stack of investment instruments and portfolio management for newbies and professionals. Also, one of the biggest advantages of Day Trading is the potential for profit is exponential. Third party trademarks are the property of their respective third party owners. 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. Regular security audits and penetration testing are performed to identify and address vulnerabilities proactively. PrimeXBT implements deposit limits on its offerings to enhance utility. 5 for PrimeXBT and 3. However, these third parties may impose verification requirements. Visit our Help Centre.

Ready to put your insights into action?

The payments are made in USDT and sent to your PrimeXBT account. In the following lines, we’ll provide detailed tips on margin trading, so that it impacts your bottom line in a positive way. Experience hassle free deposit and withdrawal options with PrimeXBT. Below are the commission rates. The one click and double click trading are innovative tools geared to let you execute swift trades with minimal effort. Website Primexbt Bonus. To begin, you can click here to sign up and within minutes you can start buying and trading Litecoin and Ethereum. 00003207 at the time of writing, 200% up since the start of the year. Learn more about Baksta’s Legal Terms.

Why Use the PrimeXBT App?

You can also access over 50 markets by opening any account and mimic the trades made by some more experienced traders on the scene. These assets may include cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple, as well as traditional assets like forex, commodities, and stock indices. Prime Technology Ltd is PrimeXBT’s Technology Provider. 4️⃣ Paste the code and voilà. Same as it works for EUR/USD, it does for crypto assets as well. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Using a local piece of software, on the user’s personal device, meaning the control of data and identity is held by the owner, not by an organisation. If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. Let’s face it, we all like technical analysis. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Yes, most trading platforms allow you to set Stop Loss and Take Profit orders to manage risks and secure profits automatically. 1% of the required capital in order to take out that position. Robinson is also a member of the Young President Organization YPO, NextGen network of executives and the Council of Urban Professionals CUPA. To register, go to the PrimeXBT homepage and click on ‘Register’.

Author

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. And many cryptocurrency exchanges that require KYC have made streamlining transactions a priority. Crypto deposits can be completed easily, but you’re limited to five assets comprising BTC, ETH, USDT, USDC, and COV. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. The world of margin trading is a battlefield where both triumphs and tribulations can unfold. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. High leverage and the unregulated nature of PrimeXBT introduce heightened risks that traders must be willing to accept. Alchemy combines the most powerful web3 developer products and tools with resources, community and legendary support. Dear Erik,We’re delighted to hear that your trading experience with ether on PrimeXBT went smoothly and that you appreciate our low fees. Binance acts as a middleman it connects you your offer or request with that other person the seller or the buyer.

What are Long and Short positions?

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. The project’s community, including developers, users, and token holders, will promote the token to new investors. Recently, Cardano has implemented the Plutus example module and has continued working on several protocol enhancements, which leads us to believe the project is set to increase in price. What’s more, Binance continuously burns a portion of BNB tokens, reducing the supply and potentially increasing its value over time. 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. Best customer service ever. It is registered under the Danish Anti Money Laundering Act “Hvidvaskloven” with the Danish Financial Supervisory Authority and also with the Financial Crimes Enforcement Network “FinCEN” in the United States, reinforcing its compliance and legitimacy in the financial sector. Use your $20 with leverage to make $2000 worth of free trades. For PrimeXBT commodities, traders can trade popular items like oil and gold. The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Thus, publishers may ensure a frequent and steady stream of income. PrimeXBT’s adherence to strict AML compliance guidelines, use of advanced blockchain monitoring tools, and prohibition of anonymous cryptocurrencies further solidify its commitment to preventing illicit activities. The quickest way to reach customer support is through the 24/7 live chat accessible from the trading platform. Of course, this also works on the way down as losses are also magnified. 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. A break beyond this resistance in the Chainlink price prediction could pave the way to the $20. Each payment method has its nuances, so choosing the right one depends on your specific needs, such as where you are located or the means you want to use to buy bitcoin. PrimeXBT Turbo is another extra feature, if you are interested in fast, risky trading. We would suggest you use the web app as the first port of call and leave the mobile app for monitoring open positions and having to perform on the go trade maintenance.

My Key Takeaways After Testing PrimeXBT on Mobile

7 per BTC, with a market cap of $1154233286734 USD. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. You also get full account management functionality in the palm of your hand. However, PrimeXBT’s mobile trading does have some drawbacks. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. While there has been a major relief rally in early 2023 and we are now seeing the average price increasing towards the end of the year, there are still questions as to whether the current price can hold, as the are so many investors that have doubt. Keep scrolling as we reveal the answers to these questions and more. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. My pr here is 4 in a row profitable orders. Cryptocurrency has proven time and time again to be one of the best investments you can make. It comes equipped with a range of technical tools, including over 50 indicators, charting tools, and multiple screen support, aiming to cater to various trading strategies. ” This will automatically open your position and place it in the “Positions” tab. Unlimited via Perfect Money. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. When the market hits your stop loss and you get stopped out, the maximum loss should not exceed 2% of your trading account size. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. User PrimeXBT Crypto Futures reviews talk about the platform having a x200 leverage it’s something that I’ve discussed earlier, as well. Even a small price movement that goes against your favor can completely wipe out your account if you overtrade. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. We’re here to help you. It’s great to know that you found our platform through reviews and articles and decided to start your trading journey with us. There are three different account tiers on MEXC: unverified, primary KYC, and verified plus. Titles should accurately represent the content being linked to and not be in all caps. LINK is the cryptocurrency for the Chainlink network.

How many cryptocurrencies are available for trading on PrimeXBT?

However, due to the harsh regulatory requirements in the US, Bybit does not serve US residents. Overall, I rank PrimeXBT in the middle of the pack. 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. Subscribe to our newsletter. Our writers’ and journalists’ opinions are solely their own. Scan this code to download app. Receive 5–20% commissions on both direct and indirect referrals, with daily payouts when you join PrimeXBT. USD, EUR, and GBP options available. Another minor drawback to using margin is the financing costs. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. PrimeXBT places a high emphasis on security. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. After ETH dipped to lows of $2,100. Thanks again for choosing PrimeXBT. To trade Crypto perpetual contracts, go to the Trade dropdown menu, select ‘Crypto Futures’, and your ‘Margin Account’. If you have any further suggestions or questions, please feel free to contact our support team via live chat or email at. Security is a priority at MEXC. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. A panel of experts from Finder has XRP price predictions for this year based on whether Ripple will win or lose against the SEC. Using the more modest price target, XRP could still potentially reach $23 per coin. Followers earn 70% from any profitable trades. 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. Of course, all of these methods are aimed at making money through cryptocurrency, but they are all very different from one another. The flexibility grants each user a personalised fit. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage.

Khalid m

In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. In an op ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling ” with a nearly 100% edge for the house. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. It has advanced tech and customizable interfaces for pro traders. Even so, Binance has set itself apart by offering an insurance fund for user assets. If it is a “day order,” then at the end of the trading session, if the order has not executed, it will be canceled. We take pride in maintaining a strong reputation among traders by providing reliable and effective trading solutions.

Worse

Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Lastly, you can’t rearrange or resize modules on the desktop platform. PrimeXBT positions itself as a platform that offers advanced security and copy trading features, among other features. 5% – which converts to leverage of up to 200x. Gemini is easy to use and offers a variety of trading features and rewards. PrimeXBT offers margin trading to enhance earnings. With cross margin trading though, there are essentially no margin requirements, your entire balance and realised P/L can be used to keep a highly leveraged position open. Suscríbete a PrimeXBT en YouTube para tutoriales detallados, análisis de mercado y entrevistas exclusivas. It’s not just a CFD exchange — it’s your gateway to trading crypto, stocks, commodities, and Forex all in one place. We respect your privacy while trading digital currencies which is why we do not require our clients to undergo KYC procedures, exposing personal information. Bit2Me Champions WEMIX Token in Pioneering European Listing. Other methods of buying crypto must be considered. In terms of the reviews by other traders, they appear to be quite mixed. It’s probably best to avoid. The support team strives to address user queries and concerns promptly, ensuring a positive customer experience. PrimeXBT aims to maintain a transparent fee structure for withdrawals, ensuring that users are well informed about any charges that may apply to their transactions. PrimeXBT goes out of its way to mitigate most of the risks involved in trading from an operational or structural standpoint. Best regards,The PrimeXBT Team. By adhering to these limits, traders can avoid potential delays and optimize their trading strategies. We agree that it offers great potential but should be used with caution due to the risks involved. So, if you still are to begin trading on the platform, deposit the Bitcoins and enter the promo code to receive the benefit of this offer.

Worse

Best Regards,The PrimeXBT Team. For a complete list of restricted regions, refer to Section 1. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Beginner traders usually lean more towards platforms that are easy to use, have educational materials, and a community to interact with and learn from. When those levels break, we can expect strong trading activity on either side and prepare accordingly. Maybe some of them will be new for you and you can use it in practice. Read our latest and most popular featured articles. For example, the minimum order size for Bitcoin BTC trading on PrimeXBT is 0. 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. Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Follow these steps to set up your PrimeXBT account. Once you have created an account, you can start trading cryptocurrencies. Risk can be mitigated with proper strategies and in the hands of a skilled trader, a margin account can be powerful. Only for verified users. Com, which the website earns in the form of advertising payments.

Important Notice

PrimeXBT stands out as a top cryptocurrency trading platform in the finance niche. 01831 Will Rise To $1 In 2 Months appeared first on Coinpedia Fintech News In the intriguing world of cryptocurrency, a Bitcoin BTC whale has placed a substantial $1 million bet, that an Ethereum token identified as ETFSwap ETFS, currently trading at a modest $0. 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. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. If the price falls by 10%, you can repurchase it back for $4500 and return it to the exchange. Review collected by and hosted on G2. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. The first is a fee that is charged for entering the position and the second is for financing the position. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The indicator is based on volumes and how this influences the price action. As a decentralized exchange, all you need to get started with Uniswap is a non custodial wallet with funds. This is why so many people use technical analysis right along with fundamental analysis, using the fundamental analysis as a way to look for the directionality of the trade, and the technical analysis as a gauge for entry, stop, and profit taking levels. Fill in all the required information with your valid details. You can almost think of a cash account as a debit card versus a credit card. These can be accessed from inside your account by clicking on the «Tutorials» section in the top right of your account. To determine whether PrimeXBT is worth the investment, we’ll conduct a cost benefit analysis, compare it with alternatives, and deliver our final verdict. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome.