R/PrimeXBT

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. 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. As of 2024 current polygon price stands at $0. Based in Seychelles, the exchange is part of the OK Group, founded by Xingming Xu in 2013. 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. Check out these trading options. PrimeXBT launched in 2018 and has suffered no known security issues, breaches, or downtime to date. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Information regarding past performance is not a reliable indicator of future performance. These are definitely lower than Bitcoin and Ethereum, but they are still considerably high. We added new features, reached new audiences, and added more tools and abilities to our powerful trading platform. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 5811 per meme coin in May of 2021, it subsequently lost nearly 90% of its total worth by June 2022, falling to a minimum price of $0. Buying and trading cryptocurrencies should be considered a high risk activity. Do not fall victim to the Bystander Effect and think someone else will report it. Price Charts: Price charts display the historical price movements of a currency pair. The PrimeXBT bonus for new users is designed to give traders a head start. We pride ourselves on giving you as many options as possible when it comes to your trading. AirdropAlert explicitly disclaims any recommendation or endorsement for the purchase, sale, or retention of any cryptocurrency by any visitor or user of this website. Use the small initial deposit to test the waters and start your trading career. Sudden pumps and subsequent dumps are to crypto what apple pie is to America – a trademark.

PrimeXBT Review – Margin Trading FAQ

306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. On first look, they might appear similar, but there are underlying differences, which I want to point out in this guide based on the following salient points. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Hope all your problems will be solved. Most of the coins kept at PrimeXBT are stored in cold storage, off line and disconnected from the internet, avoiding any risk of hackers penetrating the network. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. This limits its use in some areas. Yes, one way to avoid overnight financing fees is to close positions before the end of the trading day. Lastly, Techopedia estimates that ADA could possibly achieve a high of $3. Trading or adjusting your positions are really easy and intuitive. Some withdrawals might require manual processing for security reasons. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. The extensive array of price charts are also available from the main ‘trade’ tab. Though founded and registered in Seychelles, with offices in St. To begin trading, you will need to move funds from your Wallet to your Trading Account by clicking the green ‘Fund’ button on the Dashboard page. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. Also, traders can do perpetual swaps for bitcoins and Ethereum. They have developed their own trading technology, making the platform robust with plenty of key features. Go to Settings > Security and enable Install from Unknown Sources if prompted. Cryptocurrencies should be considered either a short term trading asset or long term investment due to how high volatility the asset class is. Lets see how it goes. Tuttavia, la nostra piattaforma offre una moltitudine di altre caratteristiche allettanti, incluse un bonus di benvenuto, premi diversificati e una gamma di opportunità di trading sui mercati globali. Lucia, Puerto Rico, Guam, U. All logins to your account are reflected in your Settings menu, under ‘Last logins’. To make money on PrimeXBT, engage in strategic trading by analyzing market trends, utilizing available tools, setting risk management strategies, and staying informed about market developments.

Supported and Restricted Countries

Unfortunately, not all crypto exchanges are safe or reliable. Sign up free today to calculate your PrimeXBT taxes. Overnight financing fees, also known as swap fees, are charged for positions held overnight. Date of experience: 28 March 2020. After purchasing cryptocurrencies, they can then transfer them to their PrimeXBT account. WunderTrading also supports other popular Financiamento PrimeXBT strategies, including spread, grid, and DCA trading. Account replenishment. This duration accounts for the necessary security checks and processing time. Level 1 only requires email verification and you’ll be able to deposit, trade, stake, and withdraw up to $5,000. The time it takes for a deposit to be processed and appear in a PrimeXBT account largely depends on the blockchain network used for the deposit. Another great thing is that you don’t need to go through any KYC verification. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Separately, under its covesting module, PrimeXBT offers a “staking” option but it is NOT interest earning. Coinmatics copy trading cons. The price of Polkadot increased by 19. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Scan this code to download app. Here’s an overview of the different account tiers and their associated benefits. Do not waste people’s time. The amount of leverage available to investors is depending on the market they are trading. Learning is key at PrimeXBT. Users also appreciate that PrimeXBT offers 24/7 customer service in six different languages. The rapid advancement of online trading has led to significant innovation and the inclusion of new solutions in the financial sector. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. These products are not suitable for all investors. 10%, so your margin would be 0. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent.

Garth Pearce

Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. Yet, PrimeXBT is not available to traders in the United States due to regulatory issues. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. PrimeXBT offers competitive trading fees, charging a low 0. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. The company is no stranger to giving back, having run similar promotions in the past. Recently Added Categories. By integrating with Telegram, a messaging application, PrimeXBT allows users to access account statistics, manage trades, and receive support directly through the chat interface. 01% for makers when you provide liquidity with your order. Litecoin is available alongside other cryptocurrencies, stock indices, gold, silver, oil, gas, and much more. It is cool to trade through a single account crypto futures and other traditional financial assets like forex, commodities and so on. Besides, factors like your investment goals, risk tolerance, and overall portfolio diversification should also be taken into consideration. Best regards,The PrimeXBT Team.

Buy Crypto

Its CopyTrader feature is popular for users who want to follow professional investors without needing to make decisions themselves. They usually send withdrawals back to where they came from, unless there’s a good reason not to. Perfect Money is an online financial service enabling instant payments and secure money transfers, ideal for PrimeXBT traders to fund their accounts with fiat currency. 🌟 Join the PrimeXBT affiliate program today. PrimeXBT offers leverage ratios up to 100x for crypto and even up to 1000x for Forex. It is likely that looking at the charts could give us a bit of a heads up, and it does seem like the pullback back in 2023 was very strong. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. This information is general in nature and is for educational purposes only. Bonuses are typically offered in fixed amounts or as percentages based on deposits. Trading involves risk. From this, we can draw a conclusion that PrimeXBT is a fully legit and safe provider of trading services. Bisq is a decentralized Bitcoin exchange network, that allows peer to peer trading using unique, open source software that connects users who want to trade. If there’s anything else we can do to enhance your experience further, please don’t hesitate to reach out to us via live chat or email at. The design of PrimeXBT’s platform is sleek and minimalistic. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. This makes PrimeXBT much safer against unauthorized access. Nothing on this Website is intended as a marketing or promotion of their services to residents of the EU/EEA or the UK. Together this trading technique is called leverage trading margin trading. These products are not suitable for all investors. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk.

General Reliability

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. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Alternatively, traders can focus on currency pairs with favorable interest rate differentials to benefit from positive swap rates. However, it’s important to note that leverage also carries higher risks, and traders should exercise caution and employ effective risk management strategies. 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. Each strategy requires a solid understanding of market dynamics and robust risk management to be successful. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Staking COV tokens unlocks advantages such as using COV as collateral for leveraged trading, reduced entry fees, increased profit share, extended following limits, lower trade fees for strategy managers, and higher APY on yield accounts. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Withdrawal fees on PrimeXBT depend on the cryptocurrency being withdrawn. Users don’t need to enable 2FA on their phone although it is highly encouraged. Affiliates can earn up to 70% commission on sales they generate. 6903, and a maximum price of $0. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight.

We fight fake reviews

Some steps might need third party services. So, should you use mobile trading. Learn more about Baksta’s Legal Terms. The fundamentals are strong for Chainlink to play a leading role in smart contracts. No one will get bored in PrimeXBT. Free demo accounts are available to selected traders when you sign up, allowing for risk free trading in order to develop profitable strategies before having to invest real money, and to sign up for PrimeXBT Turbo, as well as getting more information and details check out. With Polkadot’s focus on enabling inter operability among multiple blockchains, we can see those platforms thriving and pushing prices as high as $182. I found the KYC process to be straightforward, with my account being verified instantly. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. If it gives a breakdown of this level and closes PrimeXBT trading a 4 hour candle below $0. So, why engage in trading with them. Yes, there have been no large scale hacks or security breaches at PrimeXBT. If you are looking for the most user friendly platforms that are incredibly beginner friendly, I would recommend taking a gander at our Kraken and Swissborg reviews. To be eligible for the PrimeXBT bonus, you must primexbt deposit bonus at least 0. The app also supports PIN, face, or fingerprint authentication for secure login.

About US

In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money and blockchain technology. This unregulated status may ring some alarm bells, but customer reviews are mostly positive with few complaints of the broker not paying out returns. Although primarily a crypto based exchange, it allows for fiat on ramps via partners for deposits, and funds are held and withdrawn in Bitcoin. 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 setup can multiply the passive income you receive from the trading fees paid by the referral network you build. If you’d like to learn more about how these trading bots work, please check out our article on OKX Trading Bots. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Referral linking is a recurrent issue with new exchanges and ICOs. These factors contribute to the platform’s execution efficiency, but how does it fare in terms of leverage and margin capabilities. This means user info is sent and stored securely, away from hackers. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. It is perfect for fast paced trading and to see your results quickly with that execution. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. PrimeXBT delivered a seamless trading experience. Users have to put down a percentage of the required capital to take out a position.

Buy Crypto With Credit Card

However, this is no longer the case, as it has become known that transactions on the blockchain are easier to trace than transactions made with cash. PrimeXBT executes orders in under 7. Vincent and the Grenadines to offer its products and services. As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. PrimeXBT allows you to buy and sell cryptocurrencies on margin with very attractive leverage ratios. Overall, I rank PrimeXBT in the middle of the pack. Receive the latest news and stay informed. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Bybit, headquartered in Dubai, caters to experienced traders around the world, excluding the US, and is renowned for providing impressive leverage of up to 100x. Well, I was surprised to find out the commissions on crypto futures for taker 0,02% and maker 0,01% which is low and cheap compared to other crypto exchanges. Enter your nickname to participate and accept the tournament rules check the box. Their platform has missing an api to automate trading and also PrimeXbt needs a faster withdraw options, but these are only suggestions. As an unverified account holder, which requires no ID verification, you enjoy a generous daily withdrawal limit of 10 BTC. 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. The astute trader can take advantage of all market conditions, so shorting SHIB is a skill you should have. However, you won’t be able to access all of these products without completing some KYC. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Despite being a relatively recent addition to the crypto scene, PrimeXBT has grown exponentially in the years since its launch and currently has users all over the world in over 150 countries. Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue ‘Confirm’ button to execute the exchange. 🚀 Visit PrimeXBT today and start your journey towards smarter, more profitable trading. However, it’s still considered sufficient for most trading strategies. To claim this bonus, follow these simple steps.

PrimeXBT Review

One of the unique features of PrimeXBT is its Covesting module, which allows users to copy the trades of successful traders. While unlikely, it is not impossible. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. This makes the fees and commissions on cryto trade less. Note, the program is exclusive to PrimeXBT accounts. However, there are certain jurisdictions where our services are restricted. Staking COV tokens unlocks advantages such as using COV as collateral for leveraged trading, reduced entry fees, increased profit share, extended following limits, lower trade fees for strategy managers, and higher APY on yield accounts. The limit applies to the total sum of all submitted withdrawals within 24 hours. 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. PrimeXBT offers exciting rewards and bonuses to its users, just for completing tasks. You can utilize leverage, short positions, and conduct technical analysis to optimize your trades, allowing you to tap into Polygon’s price movements on the go. PrimeXBT charges two types of fees: trading fees 0. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. Returns or profits may be subject to capital gains tax. Analyzing the current market sentiment and additional ADA price prediction, it becomes evident that the mean price of ADA might hover around $0. This is something that you can get in your account management page under the “referral” section. The community forum provides a platform for traders to interact, share experiences, and learn from each other. These fees are designed to cover the cost of borrowing funds to maintain the position.

Joaquin Lopez

On the downside, KuCoin’s security measures have room for improvement. PrimeXBT stands out with its wide range of assets. Deposit Purchase crypto via bank card or transfer via third party companies. 18+ and Gambling: Online gambling rules vary by country; please follow them. Spot trading focuses on buying and selling Crypto assets, while derivatives are usually contracts based on Cryptocurrency prices, and consist of long and short positions. Always do your research before investing, and be prepared for potential losses. PrimeXBT offers leveraged trading for the major cryptocurrencies, which include Bitcoin, Litecoin, Ethereum, and Ripple. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

4 8

During testing, I received fast responses with a reasonable level of detail. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. These services are governed by the legal terms and conditions of PXBT. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Dear DanutaThanks for your feedback, PrimeXBT appreciates your opinion. For deposits, there are three methods supported. 1M+ community members. Mostly there are also higher fees for deposits and withdrawals. Government Services: Cardano is well suited for numerous government applications due to its emphasis on security and openness. Our clients love how fast and simple our sign up is. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. ” CFDs are a type of derivative since they allow you to speculate on financial markets like Stocks, currencies, Indexes, and Commodities without having to hold the underlying assets. Some take the time to do due diligence and perform necessary technical and fundamental analysis of Cryptocurrency prices and past performance. The exchange platform i. 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. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets. If the app is unavailable in your region, you can still access it through direct download from our site. Of course, this also works on the way down as losses are also magnified. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and are not intended for UK consumers. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. When the physically settled May oil contracts were about to reach settlement there was literally no one who was willing to take over the oil so the holders of the contracts were even offering money to take oil from them causing a never seen before negative price. Registration on PrimeXBT is free and takes only a few clicks to begin. Many platforms either integrate directly with tools like TradingView or provide API access that can be used to integrate your account with external charting tools, enhancing your analysis and trading strategies. 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.

Worse

Types of Collected Personal Information and Method of Collecting Personal InformationA. Option Hedging Using options contracts, such as buying put options or selling call options, to protect positions. This section will provide a detailed list of the countries where PrimeXBT is restricted, explaining the reasons behind these restrictions and the impact on traders from these regions. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. Learn more about Baksta’s Legal Terms. Traders can also use up to x200 leverage, letting them trade with smaller investments. We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC 50%; 35% in a basket of big cap coins and the rest in small projects with huge upside. 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. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. This essentially ensures that SEC can not appeal the initial July 13th decision made by U. You may need to contact customer support for assistance. We’re committed to your success as a trader, which is why we offer some of the best Copy Trading conditions around. Then got my USDT and ETH, and transferred it to the Primexbt wallet that it gave me for free. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. 2024 00343, having its registered office address at PKF Corporate Services Ltd. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. 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. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Proper trading analysis with charting tools can be the difference to being uninformed or trading empowered by data. 01 BTC, which is ten times the PrimeXBT’s. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. PrimeXBT shines in a crypto exchange comparison for many reasons. There are also exclusive promotion periods and additional rewards for some of the top traders. A series of whale sized selloffs challenged UST’s peg on May 7, raising alarm bells before UST posted a brief recovery. In addition, Fiat wallets allow users to deposit, withdraw, and transfer Fiat currencies. Trade the Futures market with perpetual contracts on popular Cryptocurrencies like Bitcoin and Ether, with flexible funding rates and low Maker/Taker fees. Click the ‘Trade’ button to start trading.