PrimeXBT Trading Platform

This variety helps traders diversify their portfolios and find more market opportunities. PrimeXBT services are not available to users or residents in the following countries. Its Gemini Earn feature is another unique aspect that sets it apart from PrimeXBT, as it allows users to earn interest on their idle cryptocurrency balances. Currently, the currencies supported by PrimeXBT are Bitcoin, EOS Token, Ethereum, Litecoin, Ripple, among others. Users don’t need to enable 2FA on their phone although it is highly encouraged. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Review the specific terms to understand if and how multiple bonuses can be combined. 2️⃣ You’ll be taken to a new page where you can enter your email and set your password. PrimeXBT’s high leverage options can enhance the potential returns of swing trades, but it’s crucial to manage risk effectively to avoid significant losses. Most platforms offer a simple way to filter through the trading results of experienced traders, making it easy to find the one that best fits your trading style and risk tolerance. The biggest weaknesses of PrimeXBT as a crypto exchange are the lack of crypto assets and the fact there is no Spot trading. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Detailed margin and leverage values for each crypto pair are specified in myAlpari in the “Crypto Futures” section. By implementing these techniques, traders can enhance their trading performance and minimize the impact of adverse market movements. If you are looking for a platform that will give you some advanced order types, and a few basic algos, Live Trader might be overkill. We will delve into these aspects in the subsequent sections. The Margin Trading feature enables you to trade Crypto, Stock Indices, Commodities, and Forex by up to x1000 leveraged trading. This along with the innovative experiment to unite the Crypto community around a meme coin with no obligations to compete with market leaders made it extremely popular. Upon joining a contest, you will be provided with a free pre funded contest account.

CFD trading fees and conditions

🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. PrimeXBT’s user friendly interface and advanced trading capabilities make it an ideal choice for traders looking to capitalize on Ethereum’s volatility. The company not only offers transparent cooperation conditions to its customers, but also cares about the safety of their funds and financial transactions. You can also use third party services to convert fiat currencies into cryptocurrencies. 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. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. However, the absence of custom price alerts was a notable drawback. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. Bitcoin price dropped by 80% following the first Bitcoin futures contracts on CME and CBOE. And for those clients who want to improve the cybersecurity of their investments, the platform offers several solutions. 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. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page. But, the transparency of this process raises questions. PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs. The revamp is accompanied by a campaign simply titled “We listen”, where the Crypto broker reveals that a lot of the upgrades were inspired by client feedback. Scan the QR Partnering with PrimeXBT code with your device’s camera and get APK file. Something that most traders are no doubt aware of is the risks of «order slippage». The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Based full service crypto exchange: Headquartered in the U. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. While this is typically secure, it’s important to check what permissions the API has. Each approach has its own set of techniques and tools, and combining both can provide a more holistic view of the market. Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated.

Is PrimeXBT a Good Platform for High Leverage Trading?

PrimeXBT is a leading trading platform that has gained significant popularity among traders for its versatile offerings, high leverage, and user friendly interface. This makes it a versatile choice for traders seeking diverse opportunities. Only for verified users. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. We will start this PrimeXBT review with some words about the platform in general. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Research about the crypto regulations in your country to find out if there is a tax and, if so, the percentage you have to pay.

Trading Options

$2,000 by bank card. After three consecutive attempts to break above the resistance line, the third peak must be followed by a reversal trend that breaks the support level. 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. Be certain to visit the PrimeXBT blog to learn more. PrimeXBT does not manage Client Accounts or portfolios and does not offer investment or financial advice. Doing this in sequence back and forth can turn any trading range into profits while keeping any risk at bay. If you have any questions or need further assistance, please don’t hesitate to contact us at. With a portfolio encompassing hundreds of cryptocurrencies and over 1000 trading pairs, KuCoin stands out by promptly listing lesser known but promising projects, a notable attribute setting it apart from its counterparts. PrimeXBT’s liability is limited to the amount deposited for the transaction causing liability, in case of a court ruling. Receive the latest news and stay informed. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. After all, it only acts as collateral for the funds borrowed from your broker. There are two classes of assets available for trading: futures and CFDs.

Polkadot vs Cardano: Comparison

It takes just a few minutes to get started. Similarly to crypto deposits, PrimeXBT will let you withdraw BTC, ETH, USDT, and USDC. At the time of the payment, 10,000 Bitcoins were worth just $41. These wallets can’t be hacked because they’re not online. They ask to deposit first ,, 0. It’s cool that right on the website there is information about price changes and mini chart for taking a quick glance at what is happeninng. 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. Without KYC you will not be able to deposit from bank cards. Leveraging or trading on leverage is a process where traders get more exposure to an asset than they have invested, allowing traders the opportunity to capitalize on borrowed funds. Date of experience: May 20, 2024.

Financial Services

For USDT, USDC and COV the withdrawal fees vary depending on the network used. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. EToro is heavily regulated and offers a broader range of financial instruments, including stocks and ETFs. Samarians used clay tokens to represent the number of goats or other agricultural goods to be delivered. During the month of October, we are giving 10 traders a scarily generous $1000 trading bonus. Learn more about Baksta’s Legal Terms. That is highly unlikely because in order for Cardano to reach $100, as least not in the next bull run 2024 2025. In 2024, POL ex MATIC has been recovering from a prolonged bear market. We only recommend brokers that are registered with at least one top tier regulator. In this scenario, you can take a common moving average such as a 50 Day EMA and wait for the market to bounce towards it. Fiat exchange services are subject to and governed by Baksta’s Terms Prime XBT vs Bitseven and Conditions and Policies. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. I’m not interested any using any backdoor ways or loopholes to use a broker that doesn’t want to accept US clients. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. The app connects users directly to the markets, making trading smooth. Luckily, the development perspective was foreseen and steered in the right direction. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors.

Why use a PrimeXBT promo code while signing up?

Trade volumes of $30,000,000+ CFD and Crypto Futures. Not only does this include offering traditional assets next to digital assets like Bitcoin, long and short positions, built in charting tools, and more, it now includes buying Bitcoin directly with a credit or debit card without ever having to leave the PrimeXBT platform for another website. Trading involves risk. Overall, PrimeXBT is a good pick for both new traders and experienced investors. But the transparency of this process raises questions. To make deposits and withdrawals of fiat money like USD, you can make use of Advcash and Perfect Money. The NASDAQ, a frequently repeated name when it comes to investing, is something that is often misunderstood. It shows this by sticking to KYC procedures and AML standards. 0 crypto involves the following steps. Users can trade major tokens like Bitcoin and Ethereum, as well as a wide variety of altcoins. Within a short period of time, PrimeXBT has grown exponentially and currently provides its services to clients in over 150 countries. The bid ask spread fluctuates based on liquidity, order book activity, and order sizing. Still, many crypto investors have made a ton of money over the last several months earning passive income this way. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards. While using BitMEX, you’ll find a platform that is geared towards experienced traders, featuring comprehensive charting tools and a variety of order types. It takes minimal effort to figure out how to navigate and use the platform, even with no prior knowledge. We use dedicated people and clever technology to safeguard our platform. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent.

Sell

Explosive and parabolic moves are improbable. The Covid 19 pandemic negatively impacted the whole world. Keep track of the tournaments you are participating in and see details of past tournaments on the My Tournaments page. Gracias por resaltar la rentabilidad de PrimeXBT y por recomendar a otros que consulten nuestras tarifas competitivas y condiciones comerciales. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT’s commitment to customer support and education ensures that users have access to the resources they need to succeed in trading. The exchange has licenses, but its activities can not be called officially regulated. High Risk Warning: Trading in foreign exchange and other financial instruments is inherently high risk and may not be appropriate for all investors. Once your account is funded you’re ready to trade futures. We will delve into these aspects in the subsequent sections. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of traditional financial instruments, like other crypto exchanges, FX, and commodities. However, there were a few areas of disappointment. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. Therefore, soon, the market could be as regulated as the traditional financial sector. It appears they sustain their business by taking from their clients. Mining cryptocurrency is considered a passive form of income as, after the initial set up, it becomes a slow accumulation of cryptocurrencies through the running of mining equipment. Are you someone who makes international payments regularly using Bitcoin. Meanwhile, PrimeXBT provides comprehensive support but may not match Bybit’s immediacy.

Webinars and Training Sessions:

I also tested the fiat withdrawal process, using Volet. Shorting Ethereum doesn’t come without risks. Agree and Join LinkedIn. Although, with the security protocols set by PrimeXBT, it’s highly unlikely hackers gain access to your account; however, you can always go the extra mile with setting up 2FA on your phone. At the same time, clients have access to the following terms and conditions. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Get access to a wide range of trading, investing, and Crypto services from a single app. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on.

4 8

PrimeXBT delivered a seamless trading experience. PrimeXBT stands out in the world of cryptocurrency exchanges. Yes, more likely than not, it does have a future. As mentioned, futures contracts have a definitive settlement date, when the buyer must pay the seller. With this convenient live chart, you can view the current ADA/USD price, analyze the price dynamics, trace historical ADA to USD exchange rates, build your trading strategy, and trade Cardano with leverage on PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Here are some of the best copy trading strategies you can use. 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. =OI needed to figure out more details about trading with cross and isolated margin to understand what suits best my trading strategy and they have cleared out everything to me. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. The safest way to buy Bitcoin is to use a regulated broker and to have enough free margin in your account to withstand negative price fluctuations. We appreciated that PrimeXBT automatically changes the margin depending on your account balance and trade size. A clear indicator towards the legitimacy of an online broker would be the regulations that they abide by alongside the insurance that is placed on your funds. The screenshot above shows an example of an OCO combination of 2 different orders: Buy Stop order + Sell Limit order. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. Also, do not use the same password for your email and for other services, as this could compromise your account should someone get ahold of your credentials. Receive the latest news and stay informed. Originally created in 2013 as a meme based Cryptocurrency, Dogecoin gained popularity for its Shiba Inu dog logo and a friendly community. Currently, official PrimeXBT GitHub Public Repository doesn’t exist or wasn’t submitted. With that said, the knowledge of support staff is good and they’re able to help with a range of queries, from liquidation price and platform maintenance, to account queries and help if orders are rejected. However, there are several areas where the broker lacks and needs improvements, including.

Unlocked: Crypto Handbook!

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. 8 for PrimeXBT Futures Pro. Understanding how spreads work and their impact on trading is crucial for managing costs. «Revenge trading», or trying to make up previous losses quickly, is one of the most common ways to blow up an account using leverage. PrimeXBT offers the following fee structure. Tesla Maintains Holdings After Initial Sell Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Happy Birthday, Ethereum. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Information regarding past performance is not a reliable indicator of future performance. 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. PrimeXBT offers the following Leverage. These products are not suitable for all investors. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal.