FAQ

PrimeXBT offers you a chance to earn free Bitcoin that you can use to trade and net profit. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Common concerns include. Our support staff is dedicated to providing the best service possible, and your feedback confirms the value of their hard work. You may modify the candlesticks intervals using a special drop down menu. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. PRIMEXBT DOES NOT ACCEPT ANY USERS OR RESIDENTS FROM UNITED STATES OF AMERICA, JAPAN, SAINT VINCENT AND THE GRENADINES, CANADA, CUBA, ALGERIA, ECUADOR, IRAN, SYRIA, NORTH KOREA OR SUDAN, UNITED STATES MINOR OUTLYING ISLANDS, AMERICAN SAMOA, RUSSIAN FEDERATION, NEW ZEALAND, ISRAEL AND THE COUNTRIES OR TERRITORIES WHERE ITS ACTIVITY SHALL BE ESPECIALLY LICENSED, ACCREDITED OR REGULATED BY OTHER WAYS. International users looking for lending, borrowing, and staking options, or institutional clients looking for other features may find other competitors more valuable. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Reply from PrimeXBT Copy Trading. Funding and deposits in fiat currencies are not accepted. However, users can also open ETH, USDT, USDC, and USD accounts. So, is PrimeXBT the exchange for you. The platform has provided the option to add a range of different widgets for trades. PrimeXBT is a perfect match for copy traders. The leverage available depends on the asset type and position size. For instance, BTC withdrawals are pegged at a static 0. No incidents reported. 1% fees, its still way smaller than even 1 crypto transfer. If you have any suggestions or need assistance, feel free to reach out at. On PrimeXBT, you can trade futures on popular cryptocurrencies, including. This website provides entertainment content, and using it means you accept out terms. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities. To keep a leveraged position open, there is a maintenance margin requirement, which is the minimum amount of capital that needs to be kept in the account to cover any risks. The third contract is the “Aggregating Contract.

What is PrimeXBT and what does it offer?

Do not link any content to this sub or beg votes or comments. PrimeXBT is more of a traditional brokerage that also offers crypto trading, as opposed to Bybit, whose sole focus is crypto trading. Reputable and regulated company. However, the question remains: how do these alternatives measure up to PrimeXBT. The Launchpad on Bybit is a fairly new addition and is Bybit’s move to remain competitive as more exchanges continue to launch their own launchpad products. In the ever evolving world of cryptocurrency trading, it can be challenging to find the perfect platform to facilitate your trades. Titles and posts must be in English. Optional KYC and a demo account for practice are also available. XRP is much faster than Bitcoin, taking seconds compared to Bitcoin’s ten minutes or more block confirmation times. Bybit has quite a few earn features available, which provide traders with plenty of opportunities for passive income. You can also set stop and limit orders to protect you from taking a huge risk. Best regards,The PrimeXBT Team. In addition,the exclusive Copy Trading module lets traders easily mirror the portfoliomoves of top performing Strategy Providers to earn passive income from cryptowithout hands on experience. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. You need to pay 88 COV; you can get a 100% discount on the entry fee for a period of 30 days. Both types of fundamental analysis are important for traders to consider before entering a position, especially if it is a long term trade. What is the performance of these tools in practical trading scenarios. We test and verify PrimeXBT coupons everyday just to make sure that you will always save a ton of money at PrimeXBT. We’ve been in the crypto trading game for a long time now, and we’ve yet to meet a trader who actively seeks out higher fees. With flexible deposit and withdrawal options and speedy payments, it’s zero risk to start earning. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. It’s good to attract traders here now. PrimeXBT stands out with its leverage trading options. The cryptocurrency market is still new and buzzing. Bybit practices round the clock security monitoring and conducts regular security analysis checks. For our trading test, we thoroughly evaluated the PrimeXBT platform. Trade anytime, anywhere, and stay connected to the markets that matter most to you. 1%, and variable overnight swap fees tailored to each asset. In this chart, two long term moving averages are about to form a golden cross, which suggests long term price appreciation. We offer impartial reviews of online brokers that are hand written, edited and fact checked by our research team, which spends thousands of hours each year assessing trading platforms.

CLAIM $600 REWARD

The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. This is an immediate red flag that should not be ignored. USD, EUR, and GBP options available. These factors make PrimeXBT an attractive option from a cost benefit perspective. It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts. BitSeven’s extensive educational resources and webinars provide additional learning opportunities for traders looking to expand their knowledge and skills. They might see the limitations of cross margin as a trade off for the potential rewards, fully aware of the double edged sword that high leverage presents in volatile markets. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. Its effective scarcity model https://primexbt-bot.com/ and marketing efforts further bolster its potential for substantial returns. Optional KYC and a demo account for practice are also available. PrimeXBT ensures security with 2FA, SSL encryption, DDoS protection, and more.

Supported Countries and Regions

Chainlink is a cryptocurrency and technology platform that is best thought of as “middleware. As of 2024, there are a plethora of CFDs backed by various assets, including stocks, commodities, financial indexes and, of course, cryptocurrencies. Given that PrimeXBT does not conduct these unless they have concerns about suspicious activity, it means that it frees up a lot of time for their agents to answer the most pressing questions for the traders. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. For more information, please click here. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. A few comments by Elon Musk over Twitter or indeed hacker attacks on the blockchain network, which can have a significant impact on the price of Bitcoin and other digital currencies. However, it should be made crystal clear that despite this being a PrimeXBT Crypto Futures review, this is a company that operates on many levels, offering a full suite of tools to its user base. Therefore, traders must adopt sound risk management practices, such as setting stop loss orders and regularly reviewing their positions to mitigate potential losses. $2,000 by bank card. Margin trading allows you to leverage funds provided by a third party for asset transactions. It seemed to me something cool and exciting. You can follow the status of your deposits in your Transfer History. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Why It’s Popular: Known for its smart contract functionality, Ethereum is second only to Bitcoin in popularity. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. The best aspect of this dashboard is that it is highly customizable. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. By using this code, you can get a 35% bonus transferred right to your wallet within 24 hours. In conclusion, PrimeXBT is a robust trading platform that offers advanced features like copy trading, a user friendly interface, and competitive fees. Social media advertisements. Analytical articles can be found in the “Blog” section of the company’s website. This platform stands out for its low trading fees and the ability to copy experienced traders but keep in mind the limited ways to deposit fiat currency. Refrain from linking posts on social media such as Telegram, Discord, Facebook, Twitter etc, except official social media content from PrimeXBT and Covesting groups and channels. The cryptocurrency industry is a booming, new financial market surrounding emerging technologies. Returns or profits may be subject to capital gains tax. The support team only speaks English and Russian. They are legally binding and allow traders to speculate on an underlying asset. The user needs to go and input promo code in promo section before making a first deposit.

Author

Understanding these fees is essential for maximizing your potential profits. And this “trend” can be seen in many other places online, so it seems this broker / exchange is a polarizing one. We will cover essential strategies, risk management techniques, and best practices to help both beginners and experienced traders maximize their profits on PrimeXBT. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. To deposit Fiat currency USD, go to the Main page,. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it. The current 24 hour withdrawal limit that applies to your account is displayed in the “Settings” section of your account. That depends on the current state of the XLM market. For instance, Korea has often seen what has been called a ‘Kimchi Premium’ where, for a number of reasons, Bitcoin has traded as much as $1,000 above normal market rates. Transfers between hot and cold wallets use multi signatures, which reduces the risk of a single point of failure. PrimeXBT Offer: Get a 35% additional bonus on the deposit of any amount of BTC on PrimeXBT. This indicates that PrimeXBT has many users and a lot of investment. First, most banks have a limit on the amount of funds that can be deposited per transaction, which varies depending on the financial institution and account type. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. One of the clearest indications towards an illegitimate service is a scam that has happened within the company’s history. Or as a Strategy Provider monetise your own trading by attracting followers. If you have any suggestions or need assistance as you continue to explore and utilize our platform, please don’t hesitate to reach out to us at. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. Claim up to $7,000 in Bonus. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money.

Which UK crypto exchange has the lowest fees?

In the realm of trading, the ability to manage risk and protect investments is paramount. That being said, individual traders do not have the means to trade in that manner, as to trade on the Interbank market itself requires millions of dollars. To deposit Fiat currency USD, go to the Main page,. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. The writer of this article is a user of the products or services mentioned in this article and was not influenced by the respective owners. This method effectively measures the capability of customer support to assist both active traders and casual investors. As it dropped, it retested the important support at $0. Prime Technology Ltd is PrimeXBT’s Technology Provider. It is possible to use a third party service such as Coinify TC, which allows you to buy BTC, ETH, USDT and USDC using your bank card, SEPA bank transfer and have it transferred to your PrimeXBT wallet. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. Throughout my testing, the app performed smoothly without any bugs or glitches. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users’ trading activity to their respective identities. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. Before the borrowed shares or assets must be returned, the trader is betting that the price will continue to decline and that they can purchase them back at a lower cost. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. The one good thing I can think of that the CFTC has over the ESMA is that they do allow 50x leverage in Forex, whereas in Europe they only allow 30x. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. As for the total, it is almost impossible to know. All cryptocurrencies operate on blockchain technology. PrimeXBT offers copy trading features similar to a regular trading platform. With more than 5 million users, eToro provides regular news updates and makes portfolio management a lot easier. No disadvantages, all is good, working fine. And while we understand the desire to access funds fast due to the speed that cryptocurrency technology provides, we are committed to maintaining strict, manual security protocols to ensure the long term safety of our customers and their funds. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB SITE.

Is the Bitpay Card safe?

If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. By altering the graph for time just underneath your PrimeXBT trading main chart, you may change the shown time range. Levels to watch: The Resistance levels are 21. Gain trust and grow your business with customer reviews. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. There is also a forex and cryptocurrency blog on the PrimeXBT website, detailing more complex trading strategies and economic news alongside market summaries and analyses. As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. These orders define the conditions under which a trade is to be executed, taking into account factors like price, timing, and quantity. However, the absence of custom price alerts was a notable drawback. However, the lack of regulation should be considered as a potential risk. Bybit is a great cryptocurrency trading platform that offers a variety of tools and features for all types of traders. In conclusion, PrimeXBT stands out as a powerful and versatile trading platform for traders of all levels 🌐. These are definitely lower than Bitcoin and Ethereum, but they are still considerably high. Market trends and news can have a significant impact on the value of trading instruments. Its intuitive interface simplifies navigation for beginners, while educational resources empower informed decisions.

Day Traders: Acceptable choice

Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. It offers mobile apps for Android and iOS, allowing you to trade on the go. I have been using the platform since last year and they haven’t disappointed. Lastly, you can’t rearrange or resize modules on the desktop platform. Use of them does not imply any affiliation or endorsement by them. Limit order fees are lower because they add liquidity to the market by placing orders that are not immediately filled. Established in 2018, PrimeXBT Trading Services Ltd PrimeXBT has emerged as a versatile online exchange platform catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. I have worked with a lot of other crypto exchanges and they always bite a huge piece of my profit but here on PrimeXBT they charge only 0,01% for the maker and 0,02% for the taker fees. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. 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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Luhansk People’s Republic. If your position goes against you far enough, you will be given what is known as a «margin call», which will close out the position. Dear DanutaThanks for your feedback, PrimeXBT appreciates your opinion. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. It’s crucial you consider these factors before making investment decisions. This is why it’s so vital to make sure you type in the correct details, such as the correct wallet address for your Zengo wallet, and make sure you double check everything before confirming the transfer. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. However, it also increases risk when adverse price movements can lead to losses exceeding initial investments, also known as a margin call. 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.

Gaurav

The simulator account allows users to test the brand’s suite of tools and assets without risking real funds. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. Dogecoin reached its former all time high of $0. FAQs About PrimeXBT Labor Day Sales 2024. This guide unveils a strategic roadmap, ensuring not only the profitability but also the fulfilment of your role as a successful PrimeXBT affiliate. 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. You can trade a wide range of assets, including cryptocurrencies, forex pairs, commodities such as gold and oil, and indices such as the SandP 500 and NASDAQ. I like the platform immediately because I didn’t have any issues with registration, which is quite rare for modern crypto platforms because of huge traffic and regulatory issues. Potential users would be wise to explore alternative exchanges offering more user friendly interfaces, transparent fee structures, and robust security measures. 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 platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. You can even buy a brand new Tesla car with Bitcoin. I started using their platform quite recently. The exchange does not currently offer fiat off ramps for withdrawals. If something were happening in the market, and I needed to close a position between the 2FA, the loading, the freezing, and everything else, it could take 15 minutes to get in and place an order.

Estado de su Pedido

Receive the latest news and stay informed. The success fee rate is split between the follower, the strategy manager, and the platform. Although it has been a significant commodity in the past,. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. When customers navigate to the copy trading area of the platform they will be presented with a long list of traders, their trading performance for the past 24 hours, and their longer term performance. This example underscores the importance of. This is done automatically most of the time with brokerages, although some will contact you to suggest that you should put in more margin. Gox has shut its operations down, leaving disgruntled traders and investors with holes in their pockets. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. 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. Vincent and the Grenadines. However, it comes with a certain set of requirements. 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. The withdrawal fee is usually fixed regardless of the amount of cryptocurrency units withdrawn. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes.

🚀 PrimeXBT Deposit Bonus 🔥 Get 20% Bonus For Your First Deposit, Up to $7000 Tradable Bonus 💵

Local Payment Methods on PrimeXBT offer traders from various regions the convenience and efficiency of funding their trading accounts using familiar, localized banking options. 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 absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Because of its comprehensive tools and features, PrimeXBT makes it incredibly easy to profit from crypto trading activities. 01%, while on PrimeXBT, they were consistently over 0. However, it can be one of the biggest outperformers in good times. Com, and we’d be happy to assist you. To start trading on PrimeXBT, setting up your account is a breeze: Simply provide your email and create a secure password. If you have any tips for new users or further feedback, please share with us at. I’m satisfied with that. So, if you still are to begin trading on the platform, deposit the Bitcoins and enter the promo code to receive the benefit of this offer. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. It also provides a breakdown of individual crypto and US dollar balances. It appears they sustain their business by taking from their clients. Its free channel has almost forty thousand members at the time of writing. If you have any further questions or require assistance, please don’t hesitate to reach out to us. Common Beaxy and PrimeXBT Alternatives. Wait a moment and try again. We’re here to help ensure your trading experience is successful and enjoyable. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. However, it also comes with a higher risk of liquidation due to increased volatility. However, blockchain network fees may apply depending on the cryptocurrency used for the transaction. First of all, go to the trading terminal by clicking on the Trade section on the menu. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop.

Crispus Nyaga

In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks DDoS. This method effectively measures the capability of customer support to assist both active traders and casual investors. To understand “What does the future price of XRP looks like. The company’s foundation and evolution reflect its dedication to meeting the evolving needs of traders and maintaining a leading position in the competitive trading platform market. Market takers who execute trades at the current market price may face higher fees compared to market makers, potentially affecting profitability. BitSeven’s fee structure works based on the leverage chosen for the trade. This is something I’d rather not deal with. One of PrimeXBT’s standout features is its leverage trading, which allows traders to magnify their potential profits. There are no guarantees that digital currencies will completely replace traditional money in the years to come.

Worse

The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Learn more about Baksta’s Legal Terms. Managing risk is your top priority when trading Forex, or any other financial market for that matter. 01%, while on PrimeXBT, they were consistently over 0. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 45 cryptocurrencies. For example, if you deposited with Volet, you must also withdraw using Volet. Recently, I decided to explore staking on Bybit and purchased some BTC for this purpose. After all, not all trades are profitable, so you need to realize when it’s important to “cut your losses. Here is a look at the margin requirements for some of the 51 forex pairs available. Additionally I have noticed that because of the spread and the difference in price along with the fees, the price action is only about taking out stop losses in most cases. These assets can serve as a hedge against inflation and market instability, offering traders opportunities for diversification and potential long term growth. 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. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. By subscribing you agree with Finbold TandC’s and Privacy Policy. Find out how we combat fake reviews. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. Key Features of PrimeXBT Margin Trading.