PrimeXBT Reviews

CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. Once this is done, you can log back into your account and access the trading platform and the account features. PrimeXBT does not charge any settlement fees on contracts; however, they do charge overnight fees for holding the position. Detailed margin and leverage values for each crypto pair are specified in myAlpari in the “Crypto Futures” section. The amount of margin depends on the trading asset, for example. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. To deposit Fiat currency USD, go to the Main page,. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 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. We have detailed the privacy measures applicable to our app below. We’re glad it’s helping you build confidence and improve your trading skills. Please keep in mind that PrimeXBT does not control the markets and all our clients get the same market conditions.

Security Measures on PrimeXBT

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of MArketing66 and/or the data provider. All mentions of the names PrimeXBT Legit of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. If you want to know more details about PrimeXBT payouts, such as what payout methods they accept, please check out the specific information below or follow up with PrimeXBT Affiliates contact. For example, there are a number of customization options which allow users to alter the appearance of the charts. PrimeXBT Crypto Futures are live and available for trading. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. From its powerful trading features, trading fees, security, supported assets, countries, and payment methods, we’ll give you valuable insights so you can choose the best crypto exchange for your trading endeavors. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles.

PrimeXBT Review: Pros and Cons

As International Business Developer you will be responsible for client acquisition strategy development and execution. PrimeXBT offers a diverse selection of assets for spot trading, providing traders with the opportunity to expand their portfolio and engage in multiple markets. Get the most out of PrimeXBT promo codes and personalize your trading to fit your preferences and financial goals. Perfect Money Account ID used to make a deposit will be preselected automatically. With the $2,500 decrease in market multiplied by your 1. Labeled Verified, they’re about genuine experiences. Pin bars at key support levels have a long lower tail and signal bullish rejection – the buyers stepped back in as the bears tried to push it lower. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. Trending NewsLatest GuidesReviewsTerm of the Day.

Registering with PrimeXBT

We are always here to assist you. Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears. At PrimeXBT, we strive to provide quick and efficient support to all our users. Besides, Phemex has 30+ integrated liquidity providers, so liquidity won’t be an issue for traders. Moreover, those trading over 600 BTC benefit from a 50% discount on the platform’s current fee structure. Social media channels of PrimeXBT, such as Twitter and Facebook, are also good resources for catching announcements about special offers and events that might include promo codes. Each of the four levels of referrals are calculated separately for transparency. Here are a few popular strategies that traders use on the platform. Best regards,The PrimeXBT Team. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Withdrawing BTC from your PrimeXBT account is equally simple. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. While some may be tempted to use a VPN to get around this seeing as the platform doesn’t enforce mandatory KYC, MEXC is clear that any users who break its terms and conditions for using their platform may have their account suspended and access to their funds revoked. You can also easily create and import your own custom tools, indicators, and EA on the platform. Continuously review and refine your strategy based on market conditions and performance metrics. The final outcome of this lawsuit could have major implications for XRP’s future price and adoption. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. Once your account is set up and funded, you can start exploring PrimeXBT’s trading features and tools. 32 to send USDT over the BEP20 network. Despite operating in a highly competitive and rapidly evolving industry, PrimeXBT has managed to establish itself as a reliable and innovative trading platform, attracting a global user base. Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. XRP is expected to see significant growth by 2028, with analysts projecting a wide range of potential prices. Ethereum is much like many other cryptocurrencies, which is extraordinarily volatile. Understanding how margin works is crucial. I can just switch inside the platform which type of market I want to trade. Click Download and confirm the file download if you see a warning.

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Covesting accounts have access to maximum leverage rates of 1:200 for all asset types, no matter the trade volume. Review collected by and hosted on G2. Litecoin prices spent a couple years forming a base at an average price of around $4. To fill out the box that displays, click on the pair that appears on the left. Leverage size is good too. It has a top rated mobile app and a customizable web interface for all traders. Its clear fees and wide range of tools make it a great choice for traders. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Providing financial education to those who need it most has always been a passion of mine. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. The below prediction chart outlines some of the minimum and maximum BTC price forecast offered by technical analysts and industry experts in an easy to digest format. PrimeXBT uses strict Know Your Customer KYC checks to make sure every user is who they say they are before trading. This section delves deep into the most prominent features we discovered in our PrimeXBT review. Orders are executed quickly and, for all I know, there is no downtime in this area. Step 2: Choose the trading pair you want to trade Take BTC/USDT as an example. It’s great for both new and experienced traders. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. Another feature of PrimeXBT is that here all transfers both deposits and withdrawals are done manually. Given the prices involved in using the bots, it is a good idea to do some research on the returns they have generated in the past. While this fee might seem small, it is essential to factor it into overall trading costs, especially for those who withdraw funds frequently. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Users can go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. The page you are looking for might have been removed had its name changed or is temporarily unavailable. Fees can include trading commissions, spread costs, overnight financing charges, and inactivity fees, depending on the platform and asset. 42, with the average price moving in the region of $2. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles.

Risk warning

We’re thrilled to hear that you find PrimeXBT’s commission structure favorable for trading crypto futures. We’re delighted to hear that you are satisfied with our services overall. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT offers competitive and appealing trading fees, ensuring cost effective trading conditions for all platform users. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. The platform’s high leverage can also be a double edged sword, as it can increase potential profits but also magnify losses. I opened this long position with a tight stop loss. With over a million users in 150 countries, PrimeXBT offers a comprehensive trading experience for both beginners and seasoned traders. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. $20,000 or equivalent for unverified users. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Trading limits can vary widely depending on the platform, the trader’s account type, and verification status. So I can trade everything on the one trading platform. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Trading or adjusting your positions are really easy and intuitive.

Sep 16, 2024

The trend can also be exhibited in the short term. Agree and Join LinkedIn. Broker scams are subtler and more devastating than other scams. 8, while Prime XBT gathered an overall score of 6. So, even though PrimeXBT isn’t regulated by big financial authorities, they’ve put in place a bunch of security measures to make sure your money and information stay safe. The place order module is where each trader can customize their trade. We checked PrimeXBT’s reputation and feedback on Reddit, TrustPilot, and several other independent sources. Must admit that I am impressed by its reputation.

Cryptocurrency Buy, Sell and Fiat Exchange

Bybit and Coinbase attract different users and specialize in different areas. 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. Before using a non KYC exchange, you should check the regulations in your country to ensure compliance. Fees structure is a standout difference; BitMEX provides a rebate to makers, potentially attracting users who contribute to the market liquidity, whereas PrimeXBT is known for lower fees overall, which may appeal if cost is a predominant concern. Yes, many trading platforms, including PrimeXBT, offer a referral program where you can earn commissions or bonuses by referring new traders to the platform. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. 32 to send USDT over the BEP20 network. 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. These restrictions are often related to anti money laundering AML regulations, know your customer KYC requirements, and other compliance standards aimed at preventing financial crimes. Cathie Wood, CEO of ARK Invest, predicts that Bitcoin could reach $1 million by 2030, driven by institutional adoption and its potential as a hedge against inflation. The tool is a great way for beginners to learn from more experienced investors, whilst strategy providers can earn performance fees. The PrimeXBT Android App offers a powerful and secure trading experience on your mobile device, allowing you to manage your trades, monitor the markets, and make informed decisions wherever you are. To trade Cryptos, go to the Trade dropdown menu and select CFD Trading and your trading account. For many traders the enormous leverage is also interesting, which can go up to 1000x. Sometimes, a lack of any significant price action can result in consolidation. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. 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. The program is transparent, has live statistics, and ensures timely payouts. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. Cryptocurrency markets have been rattled by recent lawsuits from the SEC against Coinbase and Binance, alleging the sale of unregistered securities to US customers. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Just think about the opportunity of trading cryptos with 1% margin requirement and pay a flat fee of 0. Only for verified users. Click Download and confirm the file download if you see a warning. Over the years, POL ex MATIC has seen several historical price movements. In the case of the stock market, short sellers are responsible for making dividend payments to the holders of the stock that they borrowed from.

Diego Sanchez

Forex markets have a few basic trading strategies that you should be aware of. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Without the proper funding, however, critics pointed out that the project will likely collapse. Their insights provide a unique perspective on our company culture, work environment, and the innovative approaches we take in the trading industry. There are a whole host of extra risks that come with concentrating your investment into a particular company. You subscribe to their trades and their trades are automatically copied to your account. For those who haven’t completed any KYC, you won’t be able to access earn products and your daily withdrawal limit is 20,000 USDT. All customer assets at PrimeXBT are stored in cold storage wallets, and the platform processes withdrawals once a day, between 12:00 and 14:00 UTC. If a CDD procedure is initiated for an account, PrimeXBT may request a user to produce some or all of the following documentation. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Which offer innovative and advanced features for the traders to high potential for the returns. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. Thus, for your long trade the commission will be 0. Their paid subscriptions are a bit more expensive than their competitors – one hundred twenty dollars a month for Forex signals and Binance Futures trading signals. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. Rewards: Account holders can earn rewards via the Rewards Center. Prime Technology Ltd is PrimeXBT’s Technology Provider. 32 to send USDT over the BEP20 network. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. 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. They wish to hide proceeds from creditors, employees, or spouses. To register, go to the PrimeXBT homepage and click on ‘Register’. It’s my money to lose. As the industry evolves, platforms like PrimeXBT hope to stay ahead of the adoption curve by unleashing new products.

Equal

Check out these trading options. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. PrimeXBT does not charge deposit fees. Let’s say you use $1,000 of margin to borrow and sell $5,000 worth of Bitcoin futures using 5x leverage. Exploits or vulnerabilities in the oracle network could lead to inaccurate data feeds, potentially impacting applications relying on Chainlink. It’s designed to simplify the trading process by allowing you to leverage the expertise of experienced traders, eliminating the stress and emotional challenges like FOMO that often come with manual trading. PrimeXBT does not support direct fiat deposits. In fact, and any Litecoin price prediction is going to need to take into account the entire cryptosphere, and what it is doing. In the next section, we will discuss the importance of staying informed and how to keep up with market trends and news for short selling opportunities. Scan the QR code with your device’s camera and get APK file.

Sources

This focus on technology shows in their tools and services, helping traders move through different markets easily. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. As a US trader, it’s really starting to look like the US doesn’t want its citizens trading crypto. This depends on the type of limit order you have chosen. Yes, using the in wallet exchange feature, you can exchange BTC, ETH, USDT, USDC and COV amongst each other, directly in your PrimeXBT account. PrimeXBT is a global crypto exchange, as well as offering investors access to other more traditional markets like Forex currencies, commodities CFDs, and stock indices. You can easily find PrimeXBT bonus codes across various social media platforms, including Twitter, Facebook, and specialized trading communities. Benefits include up to 100% discounts on membership fees and up to 30% off trading fees. ‍Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Please read our risk warning here. Here are other essential aspects that determine the quality of user experience on PrimeXBT. Early Black Monday morning a few weeks back, during the Asia trading session, we saw the Volatility Index VIX spike to levels of around 65%. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs.