PrimeXBT – Why the Time for Leverage Crypto Trading is Now

We are committed to maintaining transparency and integrity in all our operations. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Margin interest is part of borrowing money from your broker. ” 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. PrimeXBT provides attractive competitive fees and trading conditions to all platform users. 9 in January, up from 47. With so much competition, and with Twitter accounts shilling “ref links” all over the place to make a quick buck, it is difficult to know exactly which crypto trading platform is right for you. The systems, strategies, and examples discussed are provided for educational and illustrative purposes and may feature hypothetical or simulated performance results, which come with inherent limitations. It’s great for both new and experienced traders. On the other hand, a trader with a high risk appetite will be drawn towards the rewards to be earned when the prices drop. 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. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 01% for makers and 0. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Exchange your Crypto for Fiat currency and withdraw it to your bank account. Our clients love how fast and simple our sign up is. Starting Price: Available on Request.

What types of assets and trading pairs does PrimeXBT support?

Security measures include Two Factor Authentication 2FA, Cold Storage as well as SSL Encryption. To withdraw, simply go to the withdrawal tab and input the amount of BTC and the destination address. No, all that is required to open a PrimeXBT account is a valid email address and password. You may need to contact customer support for assistance. As crypto transactions are often anonymous transactions, verifying customers is extremely important to avoid these potentially harmful activities. Below are the discounts that you can earn based on the 30 day rolling trading volume. Our mobile trading app for Android and iOS is a multi asset platform, so you can trade CFDs on Crypto, Forex, and more. These PrimeXBT FX services are governed by the legal terms and conditions of PXBT. Also Read: eToro vs PrimeXBT vs Capital. ” If the price starts to cool off, it will be interesting to observe how it reacts to the daily 50 EMA, which aligns with the 50% Fibonacci level. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

PSA: Don’t trade futures if you’re in a country that doesn’t allow it

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. And only has seven crypto trading pairs available which is very weak. Depending on the differences in interest rates between the two currencies involved in a forex trade, these fees may be positive or negative. 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. By supporting these countries, PrimeXBT ensures that traders from various regions can access its services and benefit from its advanced trading features. These products are not suitable for all investors. Thank you for trading with PrimeXBT. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. This leaves Volet and Perfect Money as the alternatives. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. If you ever need any assistance or have more feedback, please feel free to reach out to us via live chat or email at. Forex Traders on Social Media. Get into the trading action with reduced overnight fees on Forex and CFDs. Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. The Dogecoin community rallied together and raised over $30,000 worth of DOGE coins, which helped cover these costs for the team.

PrimeXBT Summary

PrimeXBT supports deposits in cryptocurrencies such as Bitcoin BTC, Ethereum ETH, Tether USDT, and other popular cryptocurrencies. This lets users make the most of market trends in different digital currencies. Stellar Lumens was first launched in 2014 by Jed McCaleb, a pioneer in the cryptocurrency space, who is also responsible for founding Mt. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. 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. If the stop loss gets hit, it becomes evident that your analysis was incorrect. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. This section will unveil the mechanics behind leverage trading and how it applies to the exciting world of Cryptocurrencies. Navigation was intuitive, with all the essential tools and indicators just a click away. 2024 00343, having its registered office address at PKF Corporate Services Ltd. In the case of Prime XBT, the user has direct exposure to the supplier’s branding, so let’s get to know a little bit more about these suppliers, who they are, and what they do. I’m fine if they accept US crypto margin traders, even if they aren’t regulated by the US, but I don’t want a broker that explicitly does not want US traders. These products are not suitable for all investors. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. How volatile a market is affects how quickly the price of assets can change, so be prepared. Channels for Customer Support. So obviously you can see the value in this type of token or network. When you trade CFDs, you’re betting on price changes from when you open to close a contract.

Fees

Keep up the great job guys, you are revolutionizing trading with this low tradign costs 👏. Our website uses cookies. For me as for a woman the environment seemed to be very intricate, tangling nonetheless, due to the reaction of the customer support who helped me to understand how to start trading here I am here. Up to 1000x leverage is offered for trades on traditional assets. These allow you to calculate how much you need to pay to keep your contract open across financing periods, along with how much it costs to open and close it. PrimeXBT allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. The collection of oil producing nations have aligned themselves to be very much in control of the Crude oil production growth/reduction, supply, and regulation of price of a barrel of oil. The file is verified secure by PrimeXBT. We couldn’t locate an address or a phone, so the only way of contacting this broker is by email: and. Before delving into the strategies and techniques for profitable trading, it’s crucial to understand the fundamentals of PrimeXBT. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Regular checks and DDoS protection keep the trading space safe. In addition, since PrimeXBT doesn’t process any withdrawals made after 12:00 UTC until the next day, you may not always be able to rely on this service for instant transfers of funds. Meaning, if you put 1 BTC to trade on PrimeXBT, you will get an additional 0. These products are not suitable for all investors. He’s also been a guest on BBC World, and interviewed by The Guardian and many other publications. As a decentralized exchange, all you need to get started with Uniswap is a non custodial wallet with funds. Like many exchanges, Bybit has different individual KYC levels users can opt to complete, including Non KYC, Individual KYC Level 1, and Individual KYC Level 2. Unrecognized or Partially Recognized Jurisdictions. By then, they expect “crypto winter” to be over, and the next 5 years should be quite strong after that. 89, an average price projected at $8. Here are the new features and improvements included in the PrimeXBT app for Android. These services are governed by the legal terms and conditions of PXBT. Some notable collaborations include. This rate is relatively low compared to industry standards, making it cost effective for traders, especially those executing large volumes of trades. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. We agree with this claim, to an extent.

PrimeXBT Bonus Offers and Rewards

PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. With its global reach, it’s available in over 150 countries. Yes, users can try PrimeXBT for free with a demo account that lets them try trading with virtual funds before investing. In that scenario, if you were to use cash only, your loss would be $2000, or 20%. There is no minimum withdrawal amount, but it must exceed the withdrawal fee. During testing, I received fast responses with a reasonable level of detail. We’ve chosen and vetted the exchanges in this list based on publicly available information. Day trading involves buying and selling assets within the same trading day, aiming to capitalize on short term market movements. Information regarding past performance is not a reliable indicator of future performance. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. To withdraw Fiat currency USD, go to the Main page. Using a crypto exchange is recommended when you want to buy a cryptocurrency that you want to hold while speculating price gains. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Robinson is also a member of the Young President Organization YPO, NextGen network of executives and the Council of Urban Professionals CUPA. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry.

Does PrimeXBT require KYC?

For example, if you have a deposit bonus and a fee reduction bonus active at the same time, you may need to choose which one to activate, as they cannot both be used on the same trade or deposit​. To register on the PrimeXBT website, you need an email address and a password. If you travel to any of these countries, you recognise that certain or all of our services may not be accessible and/or restricted while you are there. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. If the app is unavailable in your region, you can still access it through direct download from our site. It is difficult to tell right now. Embark on a collaborative trading journey with PrimeXBT copy trading feature. Best regards,The PrimeXBT Team. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. Unrecognized or Partially Recognized Jurisdictions. 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. This user friendly app integrates all the powerful features of PrimeXBT, enabling you to execute trades, track market developments, and manage your investments on your Android device, wherever you are. Investing in Ripple is not too unlike other investing. The program is designed to accommodate a wide range of partners, including affiliate marketing professionals, media resource owners, education centers, and traders with active communities. The remaining 40% is spread equally between the platform and the strategy manager whose strategies the user copied. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. You should be able to register for any exchange without a KYC verification process without providing personal details like your SSN. During the investment, the share price rises 33% to reach $80. But we also want to make that process. He looks to provide weekly valuable insights on how the current Economic and Political factors impact the Financial Markets. Primexbt has simplified the process of trading cryptocurrencies for me. Benefit from zero commission and spreads as low as 0. These products are not suitable for all investors. Kraken and Coinbase are two notable examples, as they have obtained approval from regulators like FinCEN US, FCA UK, ADGM Abu Dhabi, and AUSTRAC Australia. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Unfortunately, not all crypto exchanges are safe or reliable. To make a withdrawal to a new Account ID, users are first required to make a deposit with that Perfect Money Account ID,.

What is price spread?

No, PrimeXBT does not currently offer any services to residents of the United States. PrimeXBT may require winners or participants to verify their accounts to claim a reward or enter a contest. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. Understanding these factors and their potential influence on the markets can help traders make better informed decisions and optimize their trading performance. If using margin, your loss then becomes $4000, or 40%. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. The higher fees may account for the additional risk and regulatory complexities arising from operating within a regulatory grey area. Read our latest and most popular featured articles. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Copy traders can earn up to 75% of the profits, while experienced traders can earn additional income by acquiring followers and sharing up to a 20% profit share from their strategies. The use of blockchain technology is indeed a core aspect of our platform, helping ensure trust and visibility for all users. PrimeXBT is an acceptable choice for day traders. Over the years, it has funded various Cardano community projects across the developing world and supported blockchain education globally. 1:100, moderate leverage e. Carefully selected industry experts contribute their real life experience and expertise to BitDegree’s content. 35% Deposit Welcome Bonus – Offer is about to expire, get it now: Sign Up Here. It’s essential to compare fees among the best crypto exchanges to find one that offers competitive rates. With PrimeXBT you can buy USDC instantly and securely, via debit or credit card. These lines exist based on the natural placement of buy or sell orders by market participants, and the raising or lowering of stop loss levels, or where natural profit taking may occur. But, they don’t have live chat support right now. In other words, if you are buying a cryptocurrency, looking for the newest swing low and putting your stop loss underneath is a common tactic. The pros spend hours deeply analyzing the charts, identifying patterns, spotting opportunities, dialing in entries and exits, and actively trading to profit. Learn more about Baksta’s Legal Terms. Once it is decided how much Bitcoin to purchase, click Buy. PrimeXBT offers a comprehensive platform for trading both crypto futures and traditional asset CFDs. The platform also offers 0% commissions on CFD trading pairs, including global Forex, Commodities, and Indices. Overall, I rank PrimeXBT in the middle of the pack. Always ensure you understand the rules for each bonus to avoid losing the reward.

Send

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. 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 platform also offers a mobile app for Android and iOS smartphones, and is planning an upgraded application in the future. Although this may seem like an effective way to manage risk, it has drawbacks. PrimeXBT is an acceptable choice for day traders. Slippage occurs when the execution price differs from the expected price, common during high volatility or low liquidity. Environmental and Sustainability Initiatives: Cardano’s energy efficient PoS consensus process fits in well with sustainability objectives. To view or add a comment, sign in. Dear Teodoro,We’re glad to hear that you appreciate the variety of financial instruments available on PrimeXBT and that your verification issue was resolved. PrimeXBT is a leading cryptocurrency exchange that offers a dynamic trading experience tailored for both beginners and experienced traders. In other words, you are more likely to find people who want x200 leverage BTC futures contracts, rather than something like TRX or ATOM. Margin trading allows you to leverage funds provided by a third party for asset transactions. Our detailed price comparisons and cryptocurrency guides have you covered. Embedded order book is useful too. ” As massive amounts of data and records are not stored in the blockchain yet, Chainlink should have plenty of use case scenarios as the on blockchain, and off blockchain worlds interact. Using the live chat function, we got a response in under five minutes when we chatted with the customer support team.

Restricted Jurisdictions

Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Due to these measures, some banks require additional information from the person initiating the cash deposit, such as their identification data, transaction purpose statement, explanation regarding the source of the funds, and so on. Similar to Bitcoin, Litecoin is a digital currency that is expected to experience significant growth in the long term. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Claim up to $7,000 in Bonus. We’re always working to improve the experience. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. By participating in targeted promos, you’ll immerse yourself in the dynamic world of trading while earning points that bring you closer to victory. These case studies highlight the strategies and approaches used by top traders to maximize the benefits of PrimeXBT bonuses. I have never worked on a module displaying such detailed statistics on available strategies. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. 1608, before attempting to reach and secure $0. Be prepared for this rollercoaster ride and only invest what you can afford to lose. In the “Portfolio” tab, you can see how your chosen strategies are performing, and use the COV Token to increase your profitability. That’s why the team at Koinly has rounded up the best crypto exchanges without KYC where there’s either no KYC at all or where KYC is only required over a specific limit.

Litecoin

The prices of commodities BRENT, CRUDE, and NAT. Educational Resources and Community Support. Prime Technology Ltd is PrimeXBT’s Technology Provider. You also have the option to insert a referral code if you were given one more on this later. Scan the QR code with your device’s camera and get APK file. Another window will appear displaying the credit or debit card information, bank information, and personal details related to the transaction for users to fully review. And just like how you would hide your valuables in a safe place, PrimeXBT stores your digital assets offline in a super secure vault. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The average price in 2025 is expected to be near $49,000. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. Best regards,The PrimeXBT Team. 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. Reply from PrimeXBT Copy Trading. Next, we will discuss the importance of developing a trading strategy for PrimeXBT. The main idea was to deride the increasing spread of competitor coins, well known to the public now as Altcoins, which attempted to capitalise on the incredible success of Bitcoin.

Worse

PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. When trading with margin, it’s important to always keep a sufficient amount of funds in your trading account, and never use 100% of your Available margin. You will need to ensure that you are able to trade crypto from your country of residence and you will always need to be over the age of 18 to sign up with an online broker. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Ensuring that your account is adequately funded before making a purchase is essential. It contains detailed information about your Trading account, including trades, fees, financing, and transfers that affect account’s Balance. I have Coinbase, so I can trade crypto, but I can only put on a long position. Our cookie policy and our terms and condition is accepted by using the website. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. Date of experience: April 21, 2024. 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. VWAP aims to execute trades at prices close to the asset’s average price throughout the trading day, weighted by volume. It offers advanced trading tools and features for both beginners and experienced traders. Trade 100+ markets like BTCUSD, EURUSD and SP500. These services are governed by the legal terms and conditions of PXBT. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. Com via inbox Search bar. It’s wise to select traders with proven track records. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Anyway, at 10x Margin, you’d lose nearly 10% of your principal for 1 day of financing, which is absurd. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. Trading should be considered only if one has the appropriate risk capital.

Worse

The file is verified secure by PrimeXBT. Withdrawals are checked by hand once a day for more safety. The most recommended Crypto assets are Bitcoin, Ethereum, Litecoin, and EOS. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. Both platforms follow industry best practices, and that is that they both keep the majority of their crypto in cold storage, out of the reach of hackers. Dear Caetano,It’s great to hear that you’re enjoying the convenience of depositing through MetaMask. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services. Redeem the best PrimeXBT coupons at primexbt. 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. As a quick reminder, cross margin means all assets in a user’s account are used as collateral for their open positions, and isolated margin means only a specific amount of collateral is allocated for a particular position. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. Users can also engage in Bitcoin margin trading on the platform, accessing numerous technical indicators and advanced order types, including market, limit, stop limit, and one cancels the other orders. Copy the best performing traders and get same returns. 0001% for Forex, Indices, Commodities. These barriers will then lead a trader in decision making. Log in and complete the KYC Know Your Customer process. Clients receive quality service and transparent market conditions in which both professional and novice traders can earn. This cryptocurrency exchange is a good fit for: Experienced users looking for advanced features and opportunities designed to increase profitability. Giottus is a powerful software that simplifies business operations and boosts productivity. PrimeXBT’s restriction on US traders isn’t arbitrary; it’s about legal compliance. Access your PrimeXBT account by entering your credentials on the platform. Another advantage of PrimeXBT is that you can practice leveraged trading on the PrimeXBT demo platform using fake funds. By staking SOL, holders can help secure the network and earn additional tokens as rewards. PrimeXBT is a margin trading platform that provides an option to trade in a risk free environment before trading with real funds. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. As with everything else in life, this works both ways. However, there’s a demo version for new users who are unsure about using the exchange. Dear Chris,Thank you for your continued support and for sharing your positive experience with PrimeXBT. Requests submitted before 12:00 are processed on the same day, and after 12:00 are postponed to the next day.