PrimeXBT Review 2024: Pros, Cons and How it Compares

Commission rates for cryptocurrencies are competitive at 0. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. PrimeXBT is a Bitcoin based online platform, launched in 2018, which offers leveraged CFD trading on several cryptocurrencies, including Bitcoin, Ethereum, Ripple and Litecoin, but also on more traditional assets such as fiat currencies, commodities, and indices. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. You can go either long or short since you do not own the underlying asset. You can buy these tokens at many major exchanges. Volet deposits are free, while Perfect Money charges a 1. You are depositing hard earned funds into an account and trusting the platform to keep those funds safe, therefore, it is critical to choose a trusted platform. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. When a trader believes the price of Bitcoin will rise, he or she would buy go long Bitcoin and sell it later for a higher price. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. PrimeXBT offers a fully customisable platform interface so traders can create an optimised workspace.

Special Welcome Bonus of $100 for Trading on PrimeXBT

Blockchain Analyst and Writer with scientific background. Pro Tip ✔️: Use a block explorer to monitor the confirmations. The company boasts of having cutting edge technology to prevent attacks. You can also go to the PrimeXBT Help Center to easily navigate to the sections you need help with. Of course, the exchange also supports cryptocurrency trading with leverage. PrimeXBT: Get A $100 Bonus When You Deposit $500. It’s a win win for everyone. Efficient order execution is a critical aspect of any trading platform. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Suppose traders want to deposit funds through their credit cards, debit cards, or SEPA transfers they can do so on the PrimeXBT. 32 to send USDT over the BEP20 network. Top cryptocurrencies to invest. 1% and futures trading fees at 0. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. I guess it maybe fair both sides ,they are low. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. Moreover, users can conveniently transact in US dollars. PrimeXBT is a great choice of multi asset exchange for crypto and other asset traders who wish to trade in a permissionless manner without KYC being required, and while being able to use crypto as collateral for trading global indices, commodities, and even FX pairs, as well as margin crypto pairs. Collect Bits, boost your Degree and gain actual rewards. They have developed their own trading technology, making the platform robust with plenty of key features. The closer that an option contract gets to expiration, the value will drift lower. Because of this, it is difficult to call Dogecoin a good investment when there are so many better choices available. From some of these companies, we may receive compensation. The financing rates for opening long and short positions are low. The main withdrawal methods available on PrimeXBT include.

Is Primexbt com down?

➡️ 300–600 BTC: 25% discount. This is one of the main reasons I joined PrimeXBT in the first place, alongside their excellent trading terms. It may sound counter intuitive, but Ripple’s trajectory through 2021 and beyond is probably looking quite good based on the fact that it had a really tough 2020 and the years before. That’s why we’ve recently added Perfect Money to our long list of deposit methods for our clients around the world. Ja, copy trading is legaal op PrimeXBT, aangezien het een functie is die door het platform wordt aangeboden. Community and collaboration. 071 USDT in trading fees. If you trade intraday, you are more likely to sit and watch the trade unfold. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Available to: All clients. 001% for margin trading. 1:1000 leverage is accessible for forex pairs, providing margins as low as 0. The process of opening a position is the same for all cryptocurrencies. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. I appreciate that they offer strategies from experienced signal providers, making it easy to achieve good returns. You PrimeXBT Händler might also like: PrimeXBT Sign up Bonus. Day traders tend to watch lower time frames from daily, to hourly, and minutes. Error response schema is defined as follows. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Es gibt keine Einschränkungen hinsichtlich Handelsstilen oder strategien, was Flexibilität ermöglicht. You can purchase BTC with your credit/debit cards and then send it directly to your PrimeXBT account BTC address.

Our Verdict

All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. Unlimited via Perfect Money. If you are a new investor in the crypto space, it is advisable that you keep off new tokens in the market because most of these end up being rug pulls, where the developers abandon projects and take off with investor funds. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. For starters, the safest place for your crypto is in a non custodial, cold wallet. The fees are available for Cryptos, Forex, Commodities, and Indices. Liquidation of a positions takes place when your trading account balance Available margin drops to 0%. So ZIGDAOs model more closely resembles copy trading, than other providers that create and share their crypto signals for a price. PrimeXBT takes customer support seriously. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. You may have to give government ID and address proof of your region. The responses were fairly detailed but lacked accuracy in addressing all queries. This is a convenient opportunity to profit on the crypto market for those who are very busy or have no experience in trading. There is no complexity or hidden policies involved. Mantente conectado con PrimeXBT en Facebook para las últimas noticias, actualizaciones y discusiones de la comunidad. Spreads are so high it is so hard to grow small account especially at nights whenever ı took trade my trade start – loss because of wide spread and tradingview doesnt matches. Suite 1, Second floor, Sound and Vision house.

Why use a non KYC exchange?

No, PrimeXBT does not charge an additional fee for the manual review of a withdrawal request that triggers a suspicious activity alert. No head to head comparison between PrimeXBT and eToro would be complete without touching on the copy trading features – what each platform is best known for. Nonetheless, as with any trading, risks are involved, and profits are not guaranteed. Therefore, it is a very flexible platform designed for different types of traders depending on their experience. Most online brokers try to provide options to customers in terms of accounts and our PrimeXBT review found that their service is no different. However, the absence of custom price alerts was a notable drawback. I think crypto futures has some advantages. Friday – Sunday10:00 AM – 11:00 PM. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. PrimeXBT offers a significant degree of customization to its users. This approach involves buying at support levels and selling at resistance levels, taking advantage of market fluctuations. This section will explore various ways to enhance your trading knowledge and skills, including educational resources, trading courses, and practice accounts. We’re sorry to hear about your experience. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees.

Order Functionality

Additionally, users can access their transfer histories through individual wallets. For traders seeking exposure beyond just spot trading, PrimeXBT is a top tier platform and a welcome addition to the growing crypto derivatives market. 5% for instant purchases. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. It guarantees a secure and newbie friendly trading experience for over one million customers globally across 100+ asset pairs. This may involve a robust identity verification process. Several factors have contributed to the growth of PrimeXBT’s user base, including advanced trading features, competitive fees, robust security measures, innovative solutions, and a wealth of educational resources. PrimeXBT stands out as an all encompassing trading solution, offering a wide range of assets, including Cryptocurrencies, Commodities, Forex, and Indices. Good company in a journey makes the way seem shorter. 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. However, since the Beacon launch. Understanding these fees is essential for maximizing your potential profits. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site.

Garbled Circuits 101: What Could They Enable for Blockchain Privacy?

Users can experience price differences in exchanges with the help of the Arbitrage tool. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Most Forex trading is done between major institutions and central banks. So, why is this arguably the number one bitcoin margin platform. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. For example, say you have $1000 in your account, and access to leverage of 10:1. The platform also conducts regular security audits and complies with industry standards to ensure a secure trading environment. The special ‘volume indicator’ located in the Easy start, Trade and Earn, and Whale trader sections allow you to monitor the current volume reached within the chosen task on all of your margin trading accounts. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. However, there are certain jurisdictions where our services are restricted. Can I change my leverage. For Bitcoin, it usually takes about 30 60 minutes, depending on the network congestion and required confirmations on the blockchain. Sluit u aan bij de 640. Once confirmed, a withdrawal cannot be canceled. Emotional trading in a margin account has led to massive losses for some traders. The PrimeXBT mobile apps have overall ratings of 4. XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open source technology and that.

3 8

For a complete list of restricted regions, refer to Section 1. By choosing CFD trading, PrimeXBT has chosen a path that aligns with its goal of being a comprehensive, user friendly platform for various crypto futures trading with low fees for a great trading journey. RELATED: Best Day Trading Platforms. Scan this code to download app. Select the Crypto you want to buy. There are a number of factors that currently hint at the transitory nature of the Crypto market. However, there’s a demo version for new users who are unsure about using the exchange. We understand your concern and apologize for any confusion regarding the use of our platform. Kate Leaman Levi – is a Financial Content Expert at PrimeXBT, renowned for her contributions to financial reporting and analysis. Experienced master traders on PrimeXBT have dozens of followers and six digit deposits. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Information written by the company. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Although Ethereum does host projects on its website that allow the transfer of funds it does a lot more. Why trade with PrimeXBT. 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. When reviewing traders, carefully sort by monthly and overall profitability using Covesting’s built in leaderboard. Here’s a closer look at what makes PrimeXBT an attractive option for traders. Understanding these fees is essential for maximizing your potential profits. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Follow these steps to set up your PrimeXBT account.

ABOUT US AND ADDITIONAL INFO

You can pretty much do the same if you like the outlook. Today’s copytraders scan through individual traders’ profiles and see their investments in real time. According to their withdrawal page, “PrimeXBT reserves the right to manually review a withdrawal request before it’s approved if it exceeds a specific amount or triggers a suspicious activity alert”. In the following sections, we will delve into the specifics of PrimeXBT’s user demographics, geographical distribution, and usage patterns. PrimeXBT only accepts Bitcoin and does not require account verification. Of course, this also works on the way down as losses are also magnified. Valid Only For A Limited Time. Therefore, you must avoid a margin call at all costs. Using the same Fibonacci extension tool drawing from the 2017 ETHUSD swing high to the 2018 swing low, a projected 1. 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. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. 06%, charged per slide. Traders begin shorting Bitcoin on PrimeXBT by conducting thorough analysis using PrimeXBT’s toolset. PrimeXBT does not charge for deposit or wallet creation. Reply from PrimeXBT Copy Trading. If you are unsure, please get in touch with our 24/7 live customer support chat. Investors and traders can lessen position size or deposit more funds to prevent this from happening, and most platforms give at least some warning before this occurs. PrimeXBT offices are registered in Seychelles and Saint Vincent and Grenadines and this broker does not hold any regulatory licenses. Withdrawals can therefore take up to 24 hours to fully process. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. Even so, Binance has set itself apart by offering an insurance fund for user assets. They have created functioning products and promising proof of concepts which are guaranteed to shake up the cryptocurrency space, and could bring an avalanche of users rushing in to take advantage of copy trading and all the other legitimately useful features that Covesting has to offer. The deposit duration depends on network confirmation but keep in mind that PrimeXBT processes all withdrawals only once a day, between 12:00 and 14:00 UTC so it will probably take longer than a normal BTC transaction. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. The limitation depends on factors such as volatility, instrument liquidity, and other market conditions. Deposit funds into your PrimeXBT account using supported cryptocurrencies, such as Bitcoin or Ethereum. Reply from PrimeXBT Copy Trading. Lastly, you can’t rearrange or resize modules on the desktop platform. To check the fees and funding rates on the other markets such as indices, commodities, and forex, please take a look at this page. Here’s our detailed analysis of the futures trading experience.

Download our 100% FREE Beginner’s PDF Guide and 5 MINUTES Bitcoin Buying Tutorial →

“The jury is still out on how priced in the halving is, or how important the event is in the grand scheme of bitcoin’s price trajectory,” he says. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. Returns or profits may be subject to capital gains tax. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. Below is a comprehensive list of all the deposit methods available to users on the PrimeXBT trading platform. So, why is this arguably the number one bitcoin margin platform. A stop order is used to manage risk and protect investments in trading.

Contents

The entities trade huge positions of currency every day, facilitating cross border transactions for clients. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. If you need any help in the future, please don’t hesitate to reach out to our support team via live chat or email at. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. All you need to do is connect your exchange with Koinly using API or by importing a CSV file of your transaction history. KYC procedures also help clients filter through bad actors more easily. Paying close attention to your risk is the most important thing a trader can do and is especially paramount in these accounts. You can secure your account with a strong email and password combination, along with two factor authentication 2FA. Scaling in and out of trades is a powerful technique that can help you keep losses low and profits high. The margins of the cryptocurrency PrimexBT has low fees and that benefits me as a user, I don’t want giving my money on high fees since I’m not sure on the ROI and it’s also risky. Kathryn is a well established market analyst with a focus on fundamental and technical analysis covering a wide range of markets, including crypto, forex, indices, and commodities. Notably, there are no trust scores from CoinMarketCap and CoinGecko. However, users are able to remove this withdrawal limit by verifying their accounts. Investing passively in the SandP 500 through index funds or ETFs allows investors to participate in this growth over time. A Market order is an order to be executed immediately at first available market price. 44%, and it is now trading at $10. I was told that I must do trading on their platform, and depositing for the purpose of withdrawing to a hardware wallet is not permitted. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. The most significant advantage that Dogecoin has over Bitcoin is its speed. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. By the way, I couldn’t find out what commissions are there and I ask some questions about that the technical support and their responses were clear and in detail that I don’t even needed to ask the second time, it turned out that there are maker 0,01% and taker 0,02% fees and it is quite low for me.

Worse

Bybit: For the fee conscious investor, Bybit boasts a dynamic, tier based system. If you are wrong in your training decision, the losses can pile up rather quickly. Traders can select “add widget” and they will be given a list of different ones to choose from. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Thank you for your feedback. Trade like a pro, even when you’re on the go, with access to a powerful yet easy to use trading platform in the palm of your hand. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. It is available for download via Google Play or the Apple App Store. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. 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. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Click on the link and follow the steps. The ability to go long and short with up to 200:1 leverage gives traders maximum flexibility to adapt to shifting market conditions. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. Volet deposits are free, while Perfect Money charges a 1. I am pretty new to trading and I am interested in trading Bitcoin. You can use this card at any shop that accepts visa cards. You can also get up to a $1000 futures trading reward as a free crypto sign up bonus. Futures and Options are very similar. Partners can track their earnings in real time, providing full transparency and control over their income. We will cover the essential steps, strategies, and best practices that can help both beginners and experienced traders maximize their returns on PrimeXBT. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. We also assess the deposit and withdrawal options, promotional codes, investing fees, and KYC verification systems. Investing in bitcoin comes with its share of risks and rewards, and understanding these is key to making an informed decision. He’s also been a guest on BBC World, and interviewed by The Guardian and many other publications. This allows you as the copy trader to thoroughly scrutinize their track records before investing your capital. You can find the full leverage limits for all assets in your account management area or on the PrimeXBT fees page. PrimeXBT is undoubtedly one of the leading cryptocurrency exchanges, standing out by also supporting trading in traditional market products such as stocks, commodities, and forex.

Equal

Eligibility Criteria. We’re always looking to enhance our offerings. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. Johnson joined the Traders Union team. LINK is the native token for the Chainlink network; it is built on the Ethereum platform, making them compliant with its protocols. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Click the «apply» button to use your discount code. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. 01 BTC as Trading account’s Equity and you wish to trade BTC/USD. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. As an example, if you choose to short a currency, you need to borrow it to sell it to someone else. If more people are talking, researching and ultimately purchasing Cardano, the higher its price will go. Because of the trader’s methodology, they feel much more comfortable buying AA at $20. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. PrimeXBT offers margin trading to enhance earnings. ➡️ 300–600 BTC: 25% discount.