R/PrimeXBT

Overnight financing is not charged on weekends for markets that are closed during this time, however a triple financing rate is due on Thursday 00:00 UTC. Follow PrimeXBT on Twitter for real time updates, market insights, and engaging content tailored for our followers. We also like that PrimeXBT has added fiat deposit solutions in EUR and USD. Thank you to all clients for sharing their excitement and their positive experiences with PrimeXBT with others. You can almost think of a cash account as a debit card versus a credit card. Returns or profits may be subject to capital gains tax. The Reward Center is available for Web, Android, and iOS. Dear Heitor,We’re glad to hear that you appreciate the diverse trading options available at PrimeXBT, including CFDs and crypto futures. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners.

How to Trade Crypto Futures on PrimeXBT in September 2024 – Easy Guide

Can I change my leverage. However, we had no problem registering an anonymous Prime XBT account from either country without using a proxy: just don’t select the United States or Canada from the dropdown list and you’re good to go. Mantente conectado con PrimeXBT en Facebook para las últimas noticias, actualizaciones y discusiones de la comunidad. With that said, metals can climb to 1:500. This allows me to realize my trading potential. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Additionally, investors should look at the minimum deposit requirement for the exchange. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. Moreover, if you use one when starting out it can lead to a lack of opportunity to learn how to be a good trader. Our data on Primexbt Trading Services Llc was. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies. New platforms where crypto investors can farm for increasingly better yields are popping up each new day, and because the DeFi trend is so strong, there’s bound to be plenty more copycats where those came from. 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. Cryptocurrency exchanging and it help me so much. Unfortunately, for this email we didn’t find PrimeXBT Verification any requests to our customer support, or even a mark that you are our customer. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. No valid regulatory information, please be aware of the risk. Without a forex account, one cannot directly engage in currency trading activities. Volet deposits are free, while Perfect Money charges a 1. Each pair consists of a base currency and a quote currency. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Basically, customers who choose to use this platform are on their own and do so at their own risk. I also tested the fiat withdrawal process, using Volet. PrimeXBT’s advanced tools include TradingView integration, a proprietary order book, and advanced charting for informed trading decisions. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. Returns or profits may be subject to capital gains tax. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. Earn up to 75% of profits as a follower, while providers benefit with up to 20%.

Risks and challenges

It caters mainly to experienced traders and may pose challenges for novices due to its high leverage and unregulated status. For those who do not pre own PrimeXBT Crypto, PrimeXBT allows users to acquire Crypto with credit/debit cards. This means that you can limit the margin that one position can use from your account, and limit the exposure. 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. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Once you confirm your email, your account will be activated. 0009 BTC means its 10$ then they allows us to start verification procejure. These resources help beginners understand the intricacies of trading and stay informed about market trends, enhancing their ability to make informed decisions. Crypto futures are derivative contracts that let you speculate on cryptocurrency prices.

$100 Minimum Deposit

Prior to joining NCB, Mr. The promotion is active from 11 March through 9. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Learn more about Baksta’s Legal Terms. Copy trading on PrimeXBT comes with challenges, such as dependency on another trader’s success, possible risk tolerance misalignment, and the necessity for careful trader selection. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. These are all traded against the USD, while ETH, EOS, LTC, and XRP can also be traded against BTC. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. The broker doesn’t require KYC, which means they don’t check if you are from the U. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income. Margin interest is part of borrowing money from your broker. Unlimited for verified users. The site predicts that XRP could reach a high of $31. The minimum withdrawal amount varies by cryptocurrency. Day trading is a strategy in which traders open and exit positions within the same day trading session. You can check your login on PrimeXBT history in the account settings or security settings section of your PrimeXBT account.

Restricted Jurisdictions

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. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Log In to Your Account. Summary: PrimeXBT is a trading platform featuring cryptocurrencies, commodities, Forex pairs, and major stock indices via contracts for differences CFDs. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. Follow us to get the latest PrimeXBT coupons on Reddit. During testing, I received fast responses with a reasonable level of detail. Learn more in our Cookie Policy. Here you can message traders to assess their personality, knowledge, communication style, and transparency before following them. Browse Providers’ profiles and track records to find profitable strategies matching your risk tolerance and goals. Com predicts that Stellar XLM could reach $0. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. 0 out 5 stars based on 75 user reviews on Capterra. With low fees, high leverage options, advanced trading tools, and excellent customer support, it’s no wonder that traders worldwide choose PrimeXBT as their preferred trading platform. The ability to sign up without KYC or ID verification appeals to those who value privacy. Do you have issues with the margin pools being used up. Your insights are invaluable in helping us improve. 01%, while on PrimeXBT, they were consistently over 0. Returns or profits may be subject to capital gains tax. To withdraw Fiat currency USD, go to the Main page. Com 100+ coins, USD trading, fastest deposits and withdrawals, strong security, excellent realtime support. Email login Primexbt notifications can be disabled from your account Settings menu. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. Deposit – Purchase crypto via bank card or transfer via third party companies. 1 XLM can be split into smaller parts and the smallest value available is 0. Well, it’s now much easier to make money there, I do almost nothing, just analyze the trades of other guys”. Mandatory Bitcoin whitelisting feature that limits client withdrawals to only one wallet address. In that case, you don’t have to buy or sell XRP/BTC but only speculate on their price variation using Bitcoin. I am frankly not happy with this crypto exchange.

Top 15 Best Decentralized Exchanges DEXs in 2024

We’re here to support your continued success and ensure your trading experience with us remains top notch. Orders and positions will be Sent/Canceled/Closed immediately and without confirmation prompts. KYC is mandatory on eToro for registering on the platform to comply with the regulatory norms. Be advised, leverage trading is very risky and only experienced traders should try it. USD will be pre selected as the currency. The Covesting DApp sources reputable DeFi platforms that generate yield in a manner that is easy from the user perspective, providing the benefits of DeFi with the clean and simple interface of PrimeXBT. Throughout my testing, the app performed smoothly without any bugs or glitches. Regional Restrictions: Prime XBT doesn’t provide services to users from a wide range of regions, including the USA, Canada, Cuba, Iran, and so on. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. If you want to open an account just make sure you don’t deposit large sums right away. Most of the funds that are held at PrimeXBT are kept in cold storage. The information on this website is for educational purposes only, and investing carries risks. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. It is worth noting that Perfect Money charges the 1. 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. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Due to increased regulatory pressures, these platforms must adopt comprehensive KYC processes. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Yes, PrimeXBT caters to Namibian traders by offering multi language support on its trading platform, assuring accessibility and convenience for users from varied linguistic backgrounds. Firstly, choose a broker that offers mirror trading on its platform, such as AvaTrade, eToro, JFD Bank, or Pepperstone. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Many traders find value in having access to both crypto and traditional markets as it allows for a broader investment strategy, especially in volatile economic times. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. This program allows customers to be partners on the Primexbt platform and earn a stable income simply by bringing new customers to the website. Percentage commission.

CiscoPantaleon

000005 BTC, depending on the leverage used. Ishan has been involved in DeFi in a variety of ways, including heading a project at a crypto asset investment firm along with leading a blockchain security research project. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Let’s dive into our round up of the 15 best no KYC crypto exchanges for 2024. Also Read: eToro vs Robinhood: Which is Most Legit Crypto Exchange. Com is low but demand is high. The minimum deposit amount to start trading should be equal to 0. For example, there are a number of customization options which allow users to alter the appearance of the charts. This causes a slight delay in funds being available in the account. Binance’s then CEO, Changpeng Zhao, was also sentenced to four months in prison.

Ben Beddow

Your initial value of the position at $12,000 now is worth $9,960 – of which $6,000 needs to be paid back. As is the case with any exchange, there is always a possibility of hacks. So what do I need to have a Primexbt Demo accountPrimeXBT approachA demo account is a virtual trading account that allows traders to test out their strategies without risking any real money. I am writing this primexbt review just because I wanna thank them for ensuring such cool bonuses for those who enter trading with them. 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. Tradable assets aside, here are the products and features PrimeXBT brings to the table. Ask price is generally higher than the Bid price, and the difference between these 2 factors is the Spread. If you invest in Cardano, you are voting with your wallet about the ecosystem’s future and whether it will be viable. The withdrawal fee on PrimeXBT is 0. However, with only a few traders to copy it is apparent that PrimeXBT is not as popular as eToro. The PrimeXBT trading interface is web based, simplistic and very user friendly. This approach aims to promote a healthier trading environment, as well as help exchanges attract volume, especially from high frequency traders and market makers. On the PrimeXBT platform, you can either click the market watch window where it says «Trade» next to the price quote or click the «Sell» button at the top of the chart. The first thing that you will notice about the platform is that it offers a large degree of customization. Canada, Japan, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, and others listed on the website. One of the clearest indications towards an illegitimate service is a scam that has happened within the company’s history. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This is because the market can be traded with margin, and PrimeXBT offers multiple markets beyond Ethereum. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. Fortunately, many platforms like PrimeXBT offer educational resources and tools to help users gain a deeper understanding of leverage trading. The platform accommodates smart contracts, empowering developers to craft decentralized applications DApps tailored to diverse applications, spanning finance, identity verification, and supply chain management. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. 🎓Forex Webinars🎖️Trading Competitions. El trading conlleva riesgos.

Collect Your Rewards

Unlike Bitcoin and other Cryptocurrencies, there isn’t a hard capped finite supply. One of the clearest indications towards an illegitimate service is a scam that has happened within the company’s history. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Instead, he found a willing seller on the bitcointalk. Walmart launches various campaigns at primexbt. As a reputable business, PrimeXBT takes its role as a member of the global financial market seriously and cooperates with all respective authorities in order to prevent ML/TF Money Laundering and Terrorist Financing. Throughout my testing, the app performed smoothly without any bugs or glitches. Step 4: Confirm the Transaction. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Switching markets and searching trading pairs on PrimeXBT is straightforward. Leverage creates additional risk and loss exposure. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Select the currency you want to deposit. Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 29 cryptocurrencies. 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. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. Dear Luis,We’re glad to hear that you’ve found the PrimeXBT trading platform convenient and easy to adapt to, and that it has enhanced your trading skills. The leverage available depends on the asset type and position size. These rates reflect the varying risk profiles and market conditions associated with each asset class. Dear Ramiro,We’re glad you noticed our fee structure. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. It features customizable interfaces, TradingView charts, and competitive fees, providing flexibility for traders. Lower margin usage leaves adequate room for inevitable drawdowns to occur without substantially increasing chances of full liquidation.

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Ultimately, PrimeXBT is a great companion for anyone looking to profit from both the crypto and traditional markets from one platform. If this happens, the bonus is considered spent and the account’s balance will be cleared to 0. This is a break down weekly analysis of Natural Gas. Some experts believe XRP’s capabilities could put it at the same level of adoption and industry respect as the gold standard of crypto, bitcoin, and the number one alt coin, ethereum. Debit/Credit Card Withdrawal Fee. Fees are generally fixed per transaction to cover the network fees associated with blockchain transactions. Once your account is set up and funded, you can start exploring PrimeXBT’s trading features and tools. Head to our page now to find out about their online service. While spreads can fluctuate due to market conditions, we strive to maintain transparency and fairness in our pricing to ensure that our traders can execute their trades efficiently and at reasonable costs. In both cases, copy trading proves to be a valuable resource. This includes any remaining bonuses. 05% fee for all trades. VeChain Thor VET, the native token to the VeChain blockchain, is a unique Cryptocurrency asset designed to underpin an enterprise focused. The scary part about trading is that when you are still new and beginning, you are going to make mistakes, but these mistakes will cost you — and they will cost you real money. KYC is mandatory on eToro for registering on the platform to comply with the regulatory norms. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. We offer fast and secure Crypto withdrawals. You can secure your account with a strong email and password combination, along with two factor authentication 2FA. Check the broker’s website for other promotional codes and giveaways in 2024. On the homepage, click “Become a partner” to go to the application site. Check out these trading options. If you ever decide to try manual trading or have any questions about using any of our other features, please don’t hesitate to reach out to us at. But beyond that, how to know. I find it easy to use even if I’m new because of their superb support and I’m excited to share this to my friends too. Zaporizhzhia and Kherson. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking.