PrimeXBT Review 2024

Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Being one of the top altcoins, LTC is often discussed by crypto experts. To make a deposit, simply send your coins to the BTC address linked to your account. Transparency and honesty are key values for us, and we strictly adhere to our terms and conditions. This is achieved by borrowing funds from a broker to purchase a larger position. The first step is to log into PrimeXBT and in the dashboard in the top left hand corner you’ll now see an icon for Turbo which takes you through to the new platform from PrimeXBT. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The ADA price rose in early June 2022, with the upgrade expected at the end of that month, but fell in mid July as testing identified bugs that needed to be resolved before the hard fork could go live. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Overnight Financing Fees

These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. The platform provides detailed charts, technical indicators, and customizable layouts to enhance the trading experience. PrimeXBT Special provides a variety of promotions such as a Special Welcome Gift of $100 for your initial deposit within the first 48 hours, along with bonuses up to $7,000 as you continue to advance. Although it has been climbing Código PrimeXBT up the ranks. This proactive approach is key to successful trading. When it comes to KYC, ProBit has two levels. You can check your login on PrimeXBT history in the account settings or security settings section of your PrimeXBT account. However, you’ll have to first verify your accounts to be able to deposit and withdraw fiat currency. Trading involves risk. You can find the full leverage limits for all assets in your account management area or on the PrimeXBT fees page. If you choose to short a stock, you need to borrow that stock to sell it to somebody else.

Commissions and Fees

💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Inexperienced traders or institutional investors can be fixated about entering trading positions when the price hits a round number. Here’s what it looks like in my Personal Profile. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. 🚀 Website: Dive into PrimeXBT’s core info and updates. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. 023% for longs, and 0.

Trusted by over 1,000,000 tradersTrusted by over 1,000,000 traders

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. Despite not being regulated, this doesn’t look like a scam and keep in mind that a lot of cryptocurrency exchanges are not supervised by a major financial watchdog simply because crypto, in general, is mostly unregulated. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. Nico Arqueros, CEO and co founder of dcSpark and a core contributor to the Milkomeda Protocol, tweeted on 31 July 2022 that the chain had processed close to 7. Trade fee is incurred each time you buy or sell assets on the market i. These products are not suitable for all investors. We empower users of our platforms to take control of their finances. You can trade a good variety of traditional currencies and pairs on PrimeXBT. It’s considered a secure and trustworthy platform and has never been hacked. Traders can quickly short assets. In 2025, more nations may adopt regulatory frameworks impacting Bitcoin. Finally, execute your trade by placing a market order or limit order, depending on your trading strategy. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. In recent years, it has experienced substantial expansion and adoption. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. As a typical rookie, knowing that this platform is mainly for crypto trading, I decided to start with global assets and forex pairs in particular. Note that this fee won’t execute if you enter and exit the position with the day. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Learn more about other kinds of reviews. In total, more than 100 instruments are available. The platform offers multiple channels for customer support, ensuring that users can get the help they need quickly and efficiently. It has a well designed trading platform with many tools to help traders. Opening an account takes less than a minute, and you can quickly load it with cryptocurrencies to start trading. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Our website uses cookies. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. The price of the asset is 70,000.

Supported Countries, Listed Currencies And Supported Payment Methods

Clients can place trades and manage orders directly from charts, powered by TradingView. PrimeXBT offers many ways to fund and withdraw money, fitting different needs. In the trade tab, manage positions, explore watchlists, and analyze price charts effortlessly. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Always ensure you understand the rules for each bonus to avoid losing the reward. It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. As with any other form of trading, shorting benefits from using leverage. The broker will provide a short term loan to the trader so that they can benefit from larger position size. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. Click Download and confirm the file download if you see a warning. Dear Joaquim,We’re thrilled to hear you like the user friendly interface and stylish design of PrimeXBT. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. Again, this will be about the risk you take on. I highly discourage using PrimeXbt as a broker. A trader can also earn the following discounts on 30 days’ rolling trading volume. Check out these trading options. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. PrimeXBT places a high emphasis on security.

Platinum Account

Active users across the world. Kindly share this story. No, it’s not accessible in the US or certain other countries. With high leverage options, it can be an ideal choice for those interested in social trading in crypto assets, commodities, and forex source. We also appreciate your recommendation of the indicators for new traders. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. Trading should be considered only if one has the appropriate risk capital. Day Trading Platforms. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. As we passed through 2023, the oil market faced an intriguing situation with the reopening trade coming into vogue, leading to a substantial resurgence of the travel and work sectors. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. The USA is among the countries with strict cryptocurrency trading regulations. By closing positions before the end of the trading day, traders can avoid overnight fees altogether. You may need to contact customer support for assistance. Date of experience: September 17, 2024. Litecoin is the first crypto asset to do so successfully, and it has cemented Litecoin’s place in the crypto market and as a financial asset with long term growth potential. We’ll cover the basics such as account creation, deposits, withdrawals, and KYC requirements. No CFD trading fees, but watch out for spreads, commissions, and swaps. Additionally, you can choose to receive email notifications for logins and liquidations. This means that users can insert a new panel onto any one of their desired workspaces. 05% trading fee for Crypto CFDs. Cryptocurrencies that have been around for some time, like XRP, have recently been dubbed unregistered securities by the SEC and have charged exucutives at Ripple for related crimes. And with similar potential as Ethereum, it is a sleeping giant just waiting to awaken. 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. It only accepts crypto transfers but barely offers any crypto trading choices. Privacy practices may vary, for example, based on the features you use or your age. 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. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day.

Choose country

331 608 trading pairs. 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. Additionally, withdrawals to a bank card come with a hefty 5% fee. Despite the recent market volatility and uncertainty in future price predictions of the 2 Cryptocurrency, Ethereum is still in demand on the Crypto market, as more users display high interest in this asset. Our clients love how fast and simple our sign up is. This means that for every trade executed, a small percentage of the trade value is charged as a fee. Ever since NFTs where introduced to the world, various countries have assessed the veritable capability of blockchains to tokenize not only art, but parts of their own economy. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. You can customize the calendar to see only the most important fundamental news with the greatest potential impact on the market. 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. We support all of the exchanges mentioned above, as well as hundreds more. This means checking who people are and watching their trades closely. Lets see how it goes. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. Our website uses cookies. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. While using PrimeXBT, traders can also execute several different order types with the option to simultaneously place stop losses and take profits. Understanding these restricted regions is essential for traders to ensure compliance and avoid potential legal issues. But what is cardano ADA.

Industry

People can start trading with as little as $1, while leverage of up to 1000x is offered on Forex and CFDs up to 200x on Crypto. Note, the program is exclusive to PrimeXBT accounts. Financial instruments can be designed in a variety of ways, providing flexibility that trading assets alone cannot match. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. For more information, see the developer’s privacy policy. Having a micro perspective about the market will allow you to determine your actual trading strategy. All available methods are described in Swagger Schema Definition. Newcomer sets a new benchmark and. Commodity CFD trading gives you the opportunity to speculate on Metals like Gold, and Energies like Oil, without the hassle of having to actually own and store the physical assets. If you submit your withdrawal request before 12:00 UTC, it is typically processed on the same day. Buying Bitcoin has never been so simple. Minimum deposit is affordable with a limit of 60USD when buying. Connect with us, and other traders like you, across channels including Telegram, Facebook, Instagram, Twitter, Reddit, and Discord. Not suitable for beginners. To reset PrimeXBT back to default settings, go to the platform’s settings menu, locate the option for “Reset to Default” and confirm the reset action. This means that users can relax without worrying about their passwords and data being breached by hackers. Prime Technology Ltd is PrimeXBT’s Technology Provider. Privacy Policy Terms of Use. The entities trade huge positions of currency every day, facilitating cross border transactions for clients. 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. 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. Levels to watch: The Resistance levels are 21. Virgin Islands, Northern Mariana Islands. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. We also appreciate your recommendation of the indicators for new traders.

The Dogecoin community’s affect

In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. Follow the same steps to trade Forex, Commodities, or Indices. Statistics show that no other asset has ever performed as well as the digital currency has. 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. Whether you believe in the Bitcoin story and want to invest in the coin depends on your personal preferences and risk tolerance levels. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. Ongoing education helps traders reach new heights. Learning is key at PrimeXBT. No, PrimeXBT does not charge an additional fee for the manual review of a withdrawal request that triggers a suspicious activity alert. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. The main disadvantages of a certain crypto exchange. Explicit financial advice is also not allowed.

PrimeXBT:

Traders aim to profit from the changes in these prices by buying low and selling high, or vice versa. Liquidation occurs when your position is automatically closed because the account balance falls below the maintenance margin requirement. Navigate to the asset you want to deposit, and you will be shown a screen with your crypto deposit address. The mission of PrimeXBT is to become a global leader in online trading, for any financial market, from Crypto to Commodities. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Looking for the best crypto copy trading platforms to find the most profitable traders. With PrimeXBT, traders are not restricted to only being able to trade crypto assets as is the case with many other crypto trading platforms. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Choosing the right crypto trading platform in the USA depends on your specific needs and trading style. The fact that the market moved in your favor means that the gains are realized much quicker. Market commentary is available under Market Research. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. PrimeXBT does not support direct fiat deposits. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Buy FirstRand Namibia SharesBuy Investec SharesBuy Namibia Asset Management SharesBuy Namibia Breweries SharesBuy Paratus Namibia Holdings SharesBuy Letshego Holdings Shares. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high quality content for you, our readers. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. It’s cool that right on the website there is information about price changes and mini chart for taking a quick glance at what is happeninng. They don’t trust a third party with their personal info.

Worse

Anytime you try to predict the future price of an asset, it is fraught with difficulties. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Hedera Hashgraph HBAR. Fiat Withdrawals are not available directly. Deposit $300+ and start trading within 48 hours after registering. However, the overall malaise in the crypto markets continues to be a headwind. In traditional finance, you must borrow a stock or other asset to sell to another trader. Yes, many trading platforms, including PrimeXBT, offer a referral program where you can earn commissions or bonuses by referring new traders to the platform. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. However, you need to deposit atleast 0. In addition, the website states that the exchange does not attract customers from the UK and EU, however, does not prevent residents of these regions from registering. By only risking 1%, the trader then ensures that they can protect their account from massive drawdowns. Visit our Help Centre. BitFlyer is a cryptocurrency broker based in Luxembourg that launched its service in and offers individuals to buy and sell more than 4 cryptocurrencies. If you believe in the future of crypto, then holding Ethereum makes quite a bit of sense. It provides a range of trading tools and various cryptocurrencies to buy and sell. Spot Bitcoin ETFs experienced net outflows of $52.

Most Secure Wallets To Start With

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. Next, click on the button to “Open a Free Account” or on the “Register” button at the top of the menu. You can set up and start trading in just 40 seconds without KYC. Shiba Inu is a purely speculative investment; you should not put a ton of your money into it. Wicks showing rejection pre close allow early entries. 🤝 Engage with a vibrant community. Once confirmed, a withdrawal cannot be canceled. Crypto mirror trading platforms use algorithms to monitor and copy positions opened and closed by the expert trader in real time. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Positive developments for rivals like Ethereum and Polkadot may lift all boats. 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. Cryptocurrency trading is becoming increasingly popular, with new traders entering the market daily. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. For example, you may have to put up $500 as margin on a position. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. Check out our full PrimeXBT Covesting review for more details. 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. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience. Customer support is available 24/7 through live chat and email. The key dates in the XRP vs SEC case are. Forex trading on PrimeXBT involves speculating on the price movements of currency pairs. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. As your email is the only form of ID at PrimeXBT, it is not possible to change account email. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. MEXC is our 1 choice as a no KYC crypto exchange.

TABLE OF CONTENTS

We employ the latest security protocols. Requested withdrawals are executed on the same day before 12:00 UTC; however, withdrawal requests requested after 12:00 UTC are reviewed on the following day. The platform may expand its offerings in the future, potentially adding more cryptocurrencies to its futures trading roster. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. Orders are executed quickly and, for all I know, there is no downtime in this area. For traders looking for a full featured trading experience, PrimeXBT keeps evolving and remains important in the fast changing crypto market. Cryptocurrency has proven time and time again to be one of the best investments you can make. While the majority of HODLers and Crypto enthusiasts have their own reasons to consider Ethereum a good investment, it is vital to understand what role Ethereum really plays in the Cryptocurrency ecosystem, so you can determine if it is a good investment or not. The best crypto exchange with the best conditions for traders. Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide while other digital currencies are backed by real world commodities such as gold. YouTube videos show 77%. All users will benefit from being able to trade different kinds of assets including cryptos and major stock indices. On the PrimeXBT platform, it’s simply a matter of clicking “sell” and then clicking “buy” to close out your trade. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. What is the minimum and maximum amount for a withdrawal. Seize control of your trades wherever you are – introducing the PrimeXBT app, available for download on both iOS and Android platforms. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. Trade volumes of $30,000,000+ CFD and Crypto Futures. Best regards,The PrimeXBT Team. It’s also beneficial to compare spreads across different currency pairs and choose those with narrower spreads for cost effective trading. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. PrimeXBT copy trading is a feature that allows investors to automatically replicate the trades of experienced traders. Additionally, the fact that LINK’s use isn’t purely as a digital currency can further obfuscate the ability to analyse and predict its future price. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. De Germany’s first and biggest marketplace for the digital currency Bitcoin. With over a million users in 150 countries, PrimeXBT combines low fees, advanced trading tools, copy trading options, and strong security measures, making it an ideal choice for both beginners and seasoned traders. Capterra carefully verified over 2 million reviews to bring you authentic software and services experiences from real users. Scan this code to download app.