Conclusion

The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Only for verified users. This welcome offer can increase your profitability up to 35%. This focus on usability ensures a smooth experience for all users. Active users across the world. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. Are you planning short term swing trades or long term investments. 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. Now, if the Crypto actually reaches the $10. By leveraging these resources pun intended and approaching the market with a cautious and informed perspective, you can navigate the exciting realm of Crypto leverage trading with more confidence. Easy to use trading platform with constant support from professionals customer support manager. OKX stands out as a top alternative to PrimeXBT, offering a broader range of crypto products and services, plus monthly Proof of Reserve releases for enhanced transparency. Some seasoned traders open multiple CFD accounts with the same broker to trade different assets or pursue different trading methods. These products are not suitable for all investors. It appears that the majority of negative feedback comes from individuals who may not have taken the time to fully understand the platform’s mechanics and have experienced losses from cryptocurrency trading, which is an inherent risk regardless of experience. The code is valid only for 15 minutes from the moment of its sending, if you do not have time to use it, you will have to register again.

KYC?

Nevertheless, the fact that there will be less and less new Bitcoin added to the global circulation of the coin means that, if demand suddenly increases over the next few years, the price could skyrocket. PrimeXBT’s trading platform usability is another reason to pick this platform. Don’t worry they have their ways, and they’re actually very transparent about it. It also informs you that Liquidation may occur if your positions continue incurring loss. Today is intended for informational purposes only. Zengo’s 3 Factor authentication process ensures that 1 no one but you can control your crypto, and 2 your wallet is backed up, so even if you lose your phone, you can recover your crypto through a simple 2 step verification process. It seemed slightly outdated in my opinion from a design and navigational standpoint. Also, there are no fees for depositing cryptocurrencies. If it’s still not found, verify that the registered email address is correct and contact PrimeXBT support for further assistance. However, to engage in meaningful trading and cover the margins required for positions, a practical minimum amount should be considered, which might vary from $100 to $500 equivalent in cryptocurrency. 05% depending on the asset type Mandates careful risk management, as leverage is pretty high. Dear Quang,It’s great to hear that you’re taking advantage of the stable Bitcoin prices to trade with leverage on PrimeXBT. As a CFD exchange, it offers the flexibility to trade in various markets like cryptocurrencies, stocks, commodities, and indices from a single platform, appealing particularly to experts seeking high leverage. Having analyzed the trading conditions at PrimeXBT, we came to the conclusion that the platform establishes a transparent system of commission fees for each asset class. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. However, this trade off comes with the ability to customize your leverage in a way that cross margin futures trading does not offer. You set up your trade by either buying or selling a CFD. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. In 2024, the crypto analyst at Coinpedia believes that the price of the DOT token is going to have an average price of $11. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. You should check the error message for details, consult the platform’s FAQ, or contact customer support for clarification. Many online brokers exaggerate their claims of regulation and safety measures. However, there’s a demo version for new users who are unsure about using the exchange. It seems that this broker is higher level than platforms I have traded on. By 7 May, slightly over 2 weeks after DOGE price tested “uncharted waters”, the Crypto market experienced another wave of volatility. The 1 destination for finding the right software and services. Yes, but only with CFD markets. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. Open the downloaded file and tap Install to complete the installation.

🚀 How Does PrimeXBT Work?

Users can withdraw from the wallet trading account by navigating to the Main page of their account and clicking “Withdraw” for the currency they wish to withdraw. As well as this, the exchange has a strong focus on privacy coins like Monero XMR. 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. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. Here are all the accepted payment methods at PrimeXBT. Please enter your username or email address to reset your password. 📱 Access copy trading anywhere with PrimeXBT’s mobile app. Must admit that I am impressed by its reputation. Lendingplate Personal Loan App. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. Conditions are super delicious in my opinion, especially for trading crypto futures, both cross and isolated margin are available, fees don’t bite much compared to competitors. There https://primexbt-company.com/ are a variety of technical analysis indicators and oscillators that traders can use to get a better read on the market and price action. The platform integrates with various web3 wallets, enabling seamless, ID free transactions. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Recently, Cardano has implemented the Plutus example module and has continued working on several protocol enhancements, which leads us to believe the project is set to increase in price. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability.

Risks and challenges

PrimeXBT stands out as one of the best leverage crypto trading platforms in the industry. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. 📰 Blog: Explore educational posts and news on PrimeXBT’s blog. Get it in the Microsoft Store. Overall, I rank PrimeXBT in the middle of the pack. They have to deposit their first amount and enter the promo code ‘TMMBONUS’ to receive the bonus within 24 hours. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The default should be 5 minutes, but you may also choose 1 or 15, and even 30. Predictions range from $0. The Welcome Bonus is an excellent way for new users to begin trading with additional capital, but it’s crucial to be aware of the associated terms and limitations. It is also a great way for experienced traders to earn some extra income from other traders. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Clients receive quality service and transparent market conditions in which both professional and novice traders can earn. 91B XLM were created in the last year.

What is PrimeXBT?

This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. This comprehensive guide explores the various aspects of PrimeXBT trading, including its features, benefits, and strategies for success. It’s great to know that you found our platform through reviews and articles and decided to start your trading journey with us. Most crypto assets stored by the exchange are kept in cold storage i. Set stop loss and take profit orders, diversify your portfolio, and avoid over leveraging your positions. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. Look for reputable CFD providers, such as PrimeXBT, who have awards to show for their operations. The asset’s technology focuses on providing reliable and tamper proof data feeds to decentralized applications, ensuring the integrity of information used in automated processes. Cryptocurrencies can be very appealing, and Ethereum, one of the “Big 3”, has been the second most popular and largest by market cap behind BTC since it’s IPO.

View All Comments

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. The first step in exploring a trading platform is signing up, and PrimeXBT keeps it simple with just an email, password, and agreement to the terms. The number just broke over $1 billion at the start of 2020, showing 10x growth in thanks to the growing trend of borrowing, lending, and farming cryptocurrency. This is equal to the position value of $62,940. It could be hard for publishers to exceed this balance in a week to receive and withdraw their money. We shall delve deeper, just give us a few seconds. Five years from now, MATIC should continue to increase in value, with most people believing that the price of Polygon should be somewhere in the neighborhood of $3. $2,000 by bank card. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. Thank you once again for taking the time to share your experience. This feature certainly stands out in the crowded market and positions PrimeXBT uniquely. 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. The biggest issue that XRP is going to face is that if it becomes too expensive, banks won’t use it. 1️⃣ Visit the PrimeXBT homepage and tap the Register button in the top right corner. I believe that blockchain technology can build a brighter future and am excited to be part of it. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Unfortunately, for this email we didn’t find any requests to our customer support, or even a mark that you are our customer. Thank you for choosing PrimeXBT as your all in one trading platform. For instance, consider a transaction where a user sells 10 ETH for $2,000 each. I have screenshots as evidence. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. We also appreciate your recommendation of the indicators for new traders. Level 1 only requires email verification and you’ll be able to deposit, trade, stake, and withdraw up to $5,000. Awarded $1000 bonuses for deposits of $5000 or more. In a recent interview with CNBC, he stated. Otherwise, the app is an excellent place to trade from.

Webinars and Training Sessions:

Thank you for choosing PrimeXBT, and happy trading. 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. The complex interface is unsuitable for inexperienced traders. Volume of $150,000 by trading CFD or Crypto Futures and get $5 on your trading account. While Paxful is a peer to peer platform other platforms allow traders to quickly buy Bitcoins. 🚀 Visit PrimeXBT today and start your journey towards smarter, more profitable trading. We provide the clarity you need on PrimeXBT’s functionality and risks to inform your trading strategy. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Covesting’s leaderboard helps Followers pick winning traders to copy based on transparent performance stats. There are certain companies that allow payroll to be conducted in Bitcoin and allow for employees to opt in to receiving al, or part, of their salary in Bitcoin. The platform charges low fees for trading and deposits/withdrawals, making it a cost effective option for traders. While high price volatility can create many profitable trading opportunities, it can also lead to large losses for beginner traders. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. However, insurance coverage is still rare within the crypto industry. Unlike most exchanges today, KYC verification is optional on PrimeXBT. The Office of the Comptroller of the Currency OCC closed its comment period for proposed rules on ‘National Bank and Federal Savings Association Digital Activities’, but of the 90 responses it received, one of them was from a company called Novi, clearly looking to court the regulators. Here’s a clear breakdown of all PrimeXBT fees and commissions. With its global reach, it’s available in over 150 countries. However, the PrimeXBT support team explains this by security requirements: the exchange team checks every transaction for risk scoring, money laundering, and suspicious trading activity. Bybit offers a range of support options, including a detailed help center, email support, and live chat. Margin trading allows you to leverage funds provided by a third party for asset transactions. 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. For many years, its price remained relatively low. In many cases, investors can even end up receiving tax refunds from years of unlodged tax returns.

Copy Trading fees

These fees are displayed at the time of initiating a withdrawal. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Stay informed, stay ahead. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. These factors make PrimeXBT an attractive option from a cost benefit perspective. The withdrawal fee on PrimeXBT is 0. ​For more information about our KYC and AML policies, click here. PrimeXBT is a standout in the crypto trading world.

Worse

You must be logged in to post a comment. Scan this code to download app. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. You can also create and trade unique NFTs on the BNB Chain through the PancakeSwap NFT marketplace, which supports various categories and collections of digital art and collectibles. We strongly recommend enabling 2FA on your email account. That being said, Covesting notes in the referral rules that you can get access to some “special conditions” if your referrals trade more than 400 000$USD in a 30 day period. Vincent and the Grenadines and are currently in discussions to become more legitimate by moving to Switzerland and complying with regulation laws, though it is not clear when or if that will happen. This means that one side will inevitably make a profit while the other makes a loss—compared to the market price. For example, if the trader bought Bitcoin at $50,000 and sold it at $54,000, the profit is $4,000. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Offer real prizes to the top traders in your Contest. For example, PrimeXBT offers Bitcoin, Ethereum, Litecoin, and EOS. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. On the other hand, Polkadot does offer an exciting value proposition because it allows for the secure exchange of information between 2 blockchains without exposing the users to nefarious actions via transactions. The more points you earn, the higher you can climb in the Leaderboard in Season 1. ➡️ 300–600 BTC: 25% discount. 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.

Worse

📰 Blog: Explore educational posts and news on PrimeXBT’s blog. My experience with PrimeXBT’s customer support was mixed. Promo codes must only be used for personal and non commercial purposes. PrimeXBT does not charge for deposit or wallet creation. A short position is the exact opposite, and is an entry expecting the price of an asset to go down from the time the position is opened. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. This allows the trader to understand how much they are risking, in order to keep from overleveraging their account. PrimeXBT is a sophisticated online trading platform that offers a range of financial instruments across multiple asset classes such as cryptocurrencies, forex foreign exchange, commodities, and stock indices.