PrimeXBT Review

Trading involves risk. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. We are happy to meet the growing demands of top traders from around the globe and provide them with the tools they need to succeed. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. But markets are always moving and orders sometimes begin to fill during large price movements. Fast Execution: The platform boasts fast trade execution speeds, which is crucial for high frequency trading and ensuring minimal slippage. Furthermore, with 24/7 customer support and a rich educational resource library, PrimeXBT ensures all users have the necessary support and knowledge to trade effectively. Our user friendly platform features advanced charts and tools, to help you make informed trading decisions. How volatile a market is affects how quickly the price of assets can change, so be prepared. PrimeXBT offers the following Leverage. Key aspects of PrimeXBT’s customer support include. Learn more about other kinds of reviews. Learn more about Baksta’s Legal Terms. Crypto futures fees are attractive at 0.

Should I buy Ethereum in 2024? An in depth analysis

No, PrimeXBT does NOT require KYC procedures for traders. No matter what you are doing in the market, be it crypto, longer term trading, scalping, or any other activity, a stop loss is crucial. 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. It’s like learning from the best. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. Returns may be subject to tax. It is possible, but predictions and algorithms cannot anticipate the news stories and industry developments that ultimately inform a coin’s price. Critically for investors, Cardano has relatively constrained issuance rates, especially compared to rivals like Ethereum. Second, when it comes to trading technology, they do not offer API functionality. And like clockwork, every time this has happened it has caused a surge in the price of BTC. Below are a few more things to consider. Additionally, its educational and research materials are primarily geared toward crypto trading. 5x leverage means you can control a leveraged position five times larger than your initial investment. 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. © כל הזכויות שמורות לרב אלחנן סמט 2023 נבנה ועוצב ב ❤ ע»י סטודיו צור בניית אתרים ומיתוג לעסקים. When one market rises, the other market falls, and vice versa. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Best Crypto Referral Programs. We aim to provide a platform that caters to both experienced traders and newcomers, so it’s great to know that you found it accessible and user friendly. 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.

PrimeXBT

Scan this code to download app. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. How volatile a market is affects how quickly the price of assets can change, so be prepared. It offers advanced order types, integrated wallets, and customizable settings. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. For new traders learning to trade, this can be a great PrimeXBT Supported Countries way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. Reach out to us on our official live chat. Otherwise, it may go the way of Myspace. The trading paltform is something that even a kid will understand. Trading cryptocurrencies can be done in a wide range of ways. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. For crypto traders who want to access Earn products and copy trading, and for serious crypto traders, then Bybit is the superior platform. I tested both versions and found that they offered a smooth trading experience without any significant compromises. Online Marketer, Writer and Entrepreneur. We appreciate your recommendation and encourage others not to miss out on exploring these opportunities. A tech focused platform, tastyworks is clearly geared toward active options traders, although it does have stock trading functionality as well. All data and settings are synchronized across different versions of the platform. PrimeXBT offers a fully customisable platform interface so traders can create an optimised workspace. 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. Leverage amplifies your profits in short selling. Heavily favour traders with meaningful skin in the game, which displays confidence in their own strategy and incentives to manage risk for themselves and followers alike. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. You can trade Cryptos, Stocks and Indices with up to 100x leverage. We’re invested in your success, which is why we give you exclusive bonuses and rewards, just for completing simple tasks, so you can make the most of market opportunities. While the fees are low, they can add up, especially for traders who frequently hold positions overnight and use high leverage, said Kyle, or crypto expert. PrimeXBT services are not available to users or residents in the following countries.

PrimeXBT Affiliate Program

PrimeXBT has most of the standard order types as well as some protection orders. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. As well as this, the interface for the platform is very straightforward, making SimpleSwap a potentially more appealing option than some decentralized exchange that take a little more getting used to. 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. Today is not liable for any financial losses incurred while trading cryptocurrencies. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Returns or profits may be subject to capital gains tax. Before you press «Confirm», review the order. Reply from PrimeXBT Copy Trading. This will help you to learn about all the various aspects regarding online trading and how you can use all of the charts that are made available. The client agreement, risk notice, execution policy, and other legal documents are easily accessible and fairly transparent. Once a coupon has expired, it can no longer be used. For example, the minimum order size for Bitcoin BTC trading on PrimeXBT is 0. Limited educational resources. Bitcoin Price Stagnates Amid Mixed Market Signals. They will also do asset purchases, such as buying local bonds to influence the interest rate that sovereign debts can offer. The main risk with copy trading is an obvious one – you are taking part in some risk with financial implications. Apart from this, there are range other benefits that make PrimeXBT Turbo attractive to traders.

An Industry Leading Cryptocurrency Exchange Platform with Exceptional Efficiency and Global Appeal

Trading fees are a really important consideration as they can directly impact your profitability in the long run. This is an impossible amount, as it would swallow the entire financial system. Traders Union TradersUnion. The reason for this is simple: your free margin depends on the unrealized profits and losses of your open crypto trades. PrimeXBT’s flat fee structure simplifies cost calculations, making it easier for traders to manage their expenses. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Counterfeit apps, often disguised as legitimate providers, may compromise your data or deliver inaccurate or fake signals. ⏰ Join us at 13:00 UTC🔔 Set a reminder: abXVs. In general, most people believe that it will continue to attract inflows into the ecosystem, but whether or not it is sustainable remains to be seen. As it is calculated on an annual basis, it typically will be a very small charge per day. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. And actual educational materials. Trading fees on PrimeXBT include maker and taker fees. Let’s explore both sides of the coin. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. Read our latest and most popular featured articles. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. Regulations can affect various aspects of trading, including account verification, transaction limits, and the availability of certain trading instruments. During the early years of crypto exchanges, transaction monitoring was at a minimum and KYC in crypto was practically non existent. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. No, you can never lose more than you deposit into PrimeXBT account. Hot wallets, however, have a direct connection to the internet and the exchange’s server. It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts. In 2025, POL ex MATIC is expected to continue its upward trajectory as a key Layer 2 solution for Ethereum.

PrimeXBT App

Clients, a selfie, and proof of residence. We also value your suggestion about adding a general bright color scheme to make customization easier. 001674 it saw a staggering trading volume of 222. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Their fees are typically less than $2. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Returns may be subject to tax. There are a host of benefits when it comes to margin trading, not the least of which would be the ability to trade in much bigger positions than would normally be the case. The company’s clients can buy and sell crypto futures with a fixed commission: 0. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. Learn more about Baksta’s Legal Terms. PrimeXBT is a perfect match for copy traders. The remaining $1,000 in your account can be used to open additional trades. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

PrimeXBT Crypto Futures trading platform status history

Here are 8 tips for writing great reviews. Join 1M+ traders who choose PrimeXBT as their go to trading platform. 07:00 am to 16:00 pm UTC. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. PrimeXBT caters to a global audience by offering multiple payment methods for depositing and withdrawing funds. Trade 100+ markets like BTCUSD, EURUSD and SP500. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. 25% in all time profits and an active history of 380 days, Ethlongerst has proven to be a reliable strategy. Twitter: aylerTBMLinkedin. This website is owned by PrimeXBT PTY LTD. Bitcoin is on the cusp of widespread institutional adoption, and altcoins. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. Warning ⚡️: Trading leveraged futures products is incredibly risky. Your account is protected with top level security features, including two factor authentication 2FA. This site contains affiliate links to products/services. 2 of PrimeXBT’s Terms and Conditions. When you trade with us, you can start small and still earn big. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Since then, it has also been interpreted as «hold on for dear life». Prime Technology Ltd is PrimeXBT’s Technology Provider. 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. This location provides PrimeXBT with the flexibility and legal framework needed to operate efficiently and securely on a global scale. Returns or profits may be subject to capital gains tax. PrimeXBT charged me a withdrawal fee of 0. Virtual Assets are high risk products, highly volatile, with fluctuating values. Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. You can set up a demo account for yourself prior to or alongside your live FX and CFDs account. Deposits and ACH withdrawals carry no charge.

Tech Vendors Lower Entry Barrier for New Prop Firms, but Conflicts Mount

Every crypto trader has a risk profile. We’ll explore the key differences between spot trading and derivatives trading, along with the concept of leveraged tokens. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Be advised, leverage trading is very risky and only experienced traders should try it. 40% of the partner’s trading commissions. The minimum deposit is 0. PrimeXBT presents a commission free pricing environment for all non crypto assets and levies a 0. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. It makes perfect sense to copy the trades of cryptocurrency traders, especially if you don’t have the necessary experience to trade them on your own. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore diverse trading strategies. Its price prospects are further limited by the fact it is more of a centralized cryptocurrency. There are no guarantees that digital currencies will completely replace traditional money in the years to come. 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. Via the Main page, users can view. There are also chat rooms in Telegram, some of which are localized by the country of residence of the clients for convenience. Io, in my opinion, is the leader in crypto copy trading. In this case you need to make the ID verification, as always when fiat money is involved. NET Affiliate Program and earn commissions promoting virtual cards for online shopping and advertising. Polkadot is a next generation network that aims to solve the problem of blockchain interoperability. If Bitcoin rises to $60,000, you would make a profit of $10,000, while only using $500 of your trading funds as the margin for the trade. However, past results are not indicative of future performance. The current exchange Volume Dominance among all other exchanges in the market. Please check our spreads in the platform. Search keywords to find relevant market exchanges. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT Mobile App, on the other hand, provides a full featured trading experience with advanced tools, security, and access to all assets. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain.

My Key Takeaways After Testing PrimeXBT on Mobile

In 2021 Polygon POL ex MATIC reached a key milestone, and surged to its all time high of $2. Reply from PrimeXBT Copy Trading. What Makes EUR/USD the Most Traded Currency Pair. PrimeXBT is also home to the copy trading module, connecting followers with skilled strategy managers, allowing them to copy the trades of more skilled traders, and earn alongside them. When markets are moving sideways with no dominant direction, the trend is sideways instead. Best regards,The PrimeXBT Team. The treasury system allows proposals and voting on network upgrades, fostering community engagement and long term sustainability. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Although these assets are still a far way off from being used every day as a payment method, they are starting to gain steam in the financial sector. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. FTX Hacker Converts 50k Stolen ETH to BTC. Prime XBT also supports a number of transaction services such as. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. Deposit or buy your favourite digital assets in app and use them to trade 100+ markets including Forex, Indices, Commodities, Futures, and more, all in one place. This guide helps British users quickly understand and complete the necessary steps for account verification on PrimeXBT. However, any withdrawal requested after 12:00 UTC will be processed on the following day. Comment, exchange news, easy and fastWhen you encounter good articles, hot news, you can share your thoughts under the news article to exchange with readers nationwide with just a simple and quick operation. Find the best places to buy digital currencies based on prices, features, customer reviews, and more. 0 upgrade is being implemented to fight network congestion, one of the biggest complaints about Ethereum. These additional protective barriers diminish the risk of complete account wipeouts. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. Maker fees are generally 0. For traders on the go, PrimeXBT’s mobile app brings the trading experience to your fingertips. Trading fees on PrimeXBT consist of maker and taker fees. This means that you can limit the margin that one position can use from your account, and limit the exposure.

Best Trading Platforms

As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. 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. ADA price saw substantial growth from its bear market bottom as overall market sentiment finally turns bullish. You can buy cryptocurrency directly from the platform which can be used as collateral or for spot trading. Dear Chandra,Thank you for your wonderful feedback. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. For unverified users, you’ll have withdrawal limits of 5 BTC per 24 hours. Koinly crypto tax calculator makes it easy to do your crypto taxes whichever exchange, wallet, or blockchain you’re using. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Shiba Inu SHIB is a decentralized meme coin built on the Ethereum blockchain, and launched in August 2020 by an anonymous creator named Ryoshi. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Therefore, non English speaking clients are recommended alternative resources for gaining knowledge by Support managers.

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2024 00343, having its registered office address at PKF Corporate Services Ltd. This allows the trader to understand how much they are risking, in order to keep from overleveraging their account. When following the right traders, copy trading can be extremely profitable. The KuCoin exchange has had years to work on its level of security and implements the use of leading edge blockchain technologies and security protocols such as two factor authentication 2FA, KYC know your customer verification and more. Bonuses for traded volume in margin cryptocurrency trading. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. Performance fees play a significant role in the Covesting module, as they directly link the strategy manager’s earnings to the success of their strategy. Happy trading and stay safe. You can only withdraw fiat using the same payment method you used for deposits.

Worse

Double check all details and click «Submit to Withdraw». When you trade CFDs, you’re betting on price changes from when you open to close a contract. Returns or profits may be subject to capital gains tax. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. The minimum deposit at PrimeXBT is $15. Most crypto exchanges don’t charge any additional fees. With PrimeXBT, traders can also participate in legacy markets, which is a distinctive advantage. For instance, 10x leverage allows for even more significant gains compared to 5x leverage. Our clients love how fast and simple our sign up is. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Wallstreet Queen Official offers a very unique proposition – to empower women in Crypto trading. To withdraw funds from the Trading Account to the Account Wallet click on 1 «Account Summary». When trading with a Forex company that is regulated in the countries its services are offered, it automatically protects customers as the company is bound to adhere to certain rules and regulations. By cutting block times down to just 2 seconds on its Layer 2 network, PlutoChain might open up a world of possibilities for developers. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Unlike other currencies like Bitcoin, Ethereum also includes smart contracts. 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. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. If you need any assistance or have questions, please don’t hesitate to contact us at. Only for verified users.