PrimeXBT

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Unfortunately, as of late 2023, MEXC isn’t available for US residents. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. You’ll then receive a confirmation code in your email inbox. At first, I was confused by a slippage but the customer support manager explained to me that this happens because the bid and ask prices grow and fall unexpectedly. We’re always looking to enhance our offerings. Scalping is yet another trading style, focusing on getting in and out of positions as fast as possible, avoiding risk but also sometimes coming away with less profits overall. 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. After support and resistance have been found and the risk to reward ratio confirmed, users can place a limit order to enter a long or short trade at a specific level or set a market order to enter a position immediately. We have the fee breakdown for a selection of assets in the table below. In SE Asia, rapid Web3 adoption underscores the urgent need for education to protect investors and empower developers. We specialise in Crypto and CFD trading, offering a dynamic range of web and mobile platforms tailored to the varied needs of traders. I found the KYC process to be straightforward, with my account being verified instantly. 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. 02% taker fee — and a variety of tools to enhance your trading experience. The first step is to decide how you want to trade cryptocurrencies. 1% per trade, regardless of your account balance. However, Ripple was designed for speed and to achieve some of the lowest fees of any Crypto asset. Each account on PrimeXBT has a Daily Limit, a standard 24 hour withdrawal limit of $20,000 or its equivalent in other currencies.

◾️Do you have an affiliate program?

With this information, you will learn the best time to enter a position and the best time to exit a position. PrimeXBT is known for its advanced trading tools, high leverage options, and a diverse range of trading instruments including cryptocurrencies, forex, commodities, and indices. Promo codes are equally available. Really i don’t know why developers of primexbt ios app don’t look to bybit and binance or ftx exchange ios app Your app need a lot of features i can’t make my favorite watchlist ffrom different markets just in one watchlist on ios app i don’t have to see pairs or coins i don’t trade every tome i check prices or just changes and indicators i don’t have to set my indicators in every single pairs and different markets It must be just one time and ios app save it in all pairs and markets in tradingview of primexbt please at least you must be like other exchanges ios apps secondly i will write another review to be creative and make new features. 001674 it saw a staggering trading volume of 222. Later that year, PrimeXBT opened an office in St. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange www primexbt com can be considered completely risk free. Given its status as the most heavily traded and largest cryptocurrency by market cap, Bitcoin is the choice of millions of traders on a daily basis. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem.

Fees

We truly appreciate it. We may receive a commission for purchases made through these links. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. 0 is not the same as blockchain, although these are two closely related concepts. Jul 22, 2024 14:26 UTC. 0 – stake your ETH in exchange for bETH on their platform and earn up to 5. Scan this code to download app. Due to its immense promise,. Volet will be in the case of PrimeXBT the accepted payment method for geos like Europe. Unlike most exchanges today, KYC verification is optional on PrimeXBT. This gives the trader the advantage of making money on “borrowed funds”. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. 💼 CFD trading, also known as contract for difference trading, lets you trade derivatives without owning the actual assets. Adding another layer of protection against market volatility, signal inaccuracies, and potential scams. If you have any questions about our spreads, trading conditions, or need further clarification on how we manage liquidity, please don’t hesitate to contact us at. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. As a general rule, currency pairs to have the widest spreads tend to be the ones that move the most. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share.

Is PrimeXBT Safe?

PrimeXBT is a popular trading platform known for its advanced trading tools and diverse range of financial instruments. Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. Don’t have any Bitcoin and want to purchase to make a deposit. No withdrawal fees are charged. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The name “Margin Call” is a throwback to the old days when a stockbroker would call a trader and ask them to deposit more margin in an account. It involves leveraging various strategies like staking, lending, yield farming, or participating in decentralized finance DeFi platforms to generate returns. Leverage is offered on all of the available assets and lets traders protect their capital by multiplying small amounts to become large, powerful positions that drive massive profits. Pros and cons of market diversity on PrimeXBT. The platform offers a multitude of advanced features, competitive fees, and robust security measures. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. PrimeXBT has never suffered a hack or security breach during its operational history. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. $2,000 by bank card. PrimeXBT offers margin trading to enhance earnings. For this reason, some ICOs and STOs have selected Stellar as their platform of choice. If you need a fast response and aren’t getting one through the ticket system, reach out via PrimeXBT’s social media channels, such as X or Telegram. In this case, Binance has a higher value for money score than Prime XBT. Furthermore, they predict that AAVE could potentially reach a peak price level of $650 by the year 2030. PrimeXBT does not charge fees for Crypto and Fiat deposits.

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Margin trading in the world of cryptocurrencies enables traders to control a large amount of digital assets using a small deposit. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. Upload an image up to 4 max and ensure it’s a JPG or PNG file under 2MB. If you have specific services or features in mind that you believe would improve the trading experience, please let us know at. Therefore, we have segmented each Stellar price forecast into distinct years, comprising 2021, 2022 to 2023, and 2024 to 2025, with many new all time highs and lows anticipated in between. Bybit offers multiple PrimeXBT trading avenues for you to buy crypto using fiat through third party providers. No marketplace activities such as buying or selling crypto, items, accounts etc. Welcome Bonus does not require the activation of a unique promo code. You can also access over 50 markets by opening any account and mimic the trades made by some more experienced traders on the scene. If you have any other suggestions or need assistance, feel free to reach out to our support team at. Those looking for more profits and want to avoid taking a loss during drawdowns or being forced to sit on the sidelines, can consider a derivatives trading platform. ” Budovsky, a former U. It enables me to see the flow of the trading market; it’s peak and fall. Get hand selected news and info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits. 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. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 000025, and a median price of $0. One of PrimeXBT’s standout features is its leverage trading, which allows traders to magnify their potential profits. We are so happy to help you with building your knowledge, PrimeXBT always works hard for you. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. You might also like: Trade Nation Review. Fees:PrimeXBT adopts a transparent fee structure, with competitive trading fees and no deposit or withdrawal charges. All the services on the Tradersunion. 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. Just so you know, these assets are kept in a cold offline storage facility to ensure that they don’t fall into the wrong hands. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. The user’s device handles biometrics when they enable biometric security, such as login by face ID or fingerprints. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. Once finished with selecting the desired account, clicking confirm will instantly credit the reward to the PrimeXBT margin trading account and can be used to open long or short positions on forex, crypto, stock indices, and crypto.

Which margin system is available, Cross margin or Isolated margin?

Information regarding past performance is not a reliable indicator of future performance. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Because of this, it is difficult to call Dogecoin a good investment when there are so many better choices available. However, the platform has seriously kicked it into high gear, attaining regulatory approval and a Triple A security rating. Yes, PrimeXBT offers a demo account where you can practice trading with virtual money. You can only withdraw fiat using the same payment method you used for deposits. When it comes to approaching the stock market, there are so many different options across so many different countries, and. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. There is charting, easy order execution, and account management. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Required fields are marked. June was yet another challenging month for the Crypto market, giving credence to the old adage « sell in May and. PrimeXBT is happy to donate to the Save Elephant Foundation in Thailand, an organisation which rescues and rehabilitates exploited and. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. You can trade crypto futures, margin, copy the trades of more successful community members, and if you are an expert trader, you can earn extra income by letting others copy your trades.

Account Security Measures

Coin Price Forecast is very bullish for both 2024 and 2025, as they believe that although there may be more of a plateau in 2024, by the time we get to the end of 2025, they expect that Bitcoin could hit the $54,824 level. Nonetheless, XRP’s price recovery reflects strong confidence of full recuperation. Unfortunately, the problem won’t just go away by ignoring it, and it’s only getting bigger in the meantime. The spreads on major pairs like USD/EUR or USD/GBP are generally smaller than on minor or exotic pairs, but all spreads are competitive. However, you can use third party services to convert fiat into cryptocurrency and then deposit it into your account. 0005 BTC charged by PrimeXBT and you will also pay the normal network fee for the BTC transaction. However, in less than four years since its launch, the Shiba Inu project has significantly outgrown its meme coin status and evolved into a decentralized ecosystem and blockchain movement brimming with passionate supporters, known as the Shib Army, and grown in utility and playing host to a total of four tokens. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. The minimum withdrawal amount on PrimeXBT typically aligns with the minimum transaction limit for the cryptocurrency being withdrawn, which is often equivalent to around $10 to $20 USD in crypto value. Their fees are typically less than $2. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at. The chart below shows that Shiba Inu had a massive day in the middle of August without sized upward mobility. Date of experience: July 30, 2024. It should also have risk management tools and be personalised to your needs as a trader. «For approved members and their clients participating in CFDs, foreign exchange forex, and cryptocurrency markets, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels, such as arbitration or local court systems. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Check out the trading platform at start trading with us. The PrimeXBT iOS App is an essential tool for traders who need the flexibility to manage their trades anytime, anywhere. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. The second and final round of our Reduced Fees Giveaway has ended, and it’s time to announce our newest set. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT’s continual enhancements reflect its long term commitment to its traders.

Contents

Trading Fees: The platform charges a flat trading fee of 0. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT’s privacy based approach requires zero personal information, only a crypto deposit, so the capital that is deposited is all that is risked. Keep in mind that Dogecoin is highly sensitive to social media, which has been the significant driver of Dogecoin in the past to the upside. The remaining $1,000 in your account can be used to open additional trades. For an instant Binance vs Prime XBT main metric comparison at a glance, take a look at the general overview table below. The best platform in the world will become the worst one in an instant for someone who has all their funds stolen from the exchange. With 230+ cryptocurrencies available, it provides a safe, user friendly, and comprehensive trading experience, underpinned by its industry leading customer service. In 2020, a defendant who ran a dark web. We should note the fact that PrimeXBT has a great passive income service that lets you earn interest on your crypto assets. When you’re done reading you should have strong idea if Bitcoin or Ethereum will make the ideal investment based on your needs. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. The PrimeXBT summary also highlights its competitive fees. This method can allow positions to survive longer against adverse price movements, but at the risk of potentially wiping out a much larger portion of the trader’s account. This point whether an individual seller of crypto needs a license. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. This can cause a position to move against you even further as the conditional price wasn’t triggered. The following monthly chart of ADA/USD shows this. The platform offers a very limited range of crypto futures markets and conditional orders.

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No, PrimeXBT’s primary support language is English. However, this high leverage also increases the risk, making it more suitable for traders experienced in managing high risk investments. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. Prime Technology Ltd is PrimeXBT’s Technology Provider. Another example is LTC – for cross margin, its highest leverage is x50, but for isolated margin, it is x30. Though CFDs are preferable tradeable instruments for some traders. The great thing about PrimeXBT is that as a frequent trader you are rewarded by the exchange. We appreciate your note regarding the current limitation of Bitcoin deposits only and will consider this for future improvements. Provide your name, email address, and phone number in the designated sections on the registration form. There are Turbo accounts, multicurrency accounts, standard accounts and multiple margin accounts. Additionally, the app maintains a stable and secure connection, ensuring that users can trade without interruptions. Keep reading to learn who topped the leaderboards in July 2024. Shiba Inu SHIB – native and fundamental project Cryptocurrency. PrimeXBT supports trading Crypto, Forex, Commodities CFDs, and Indices CFDs. Safety and stability are the only things that matter when I trade. For Buying Crypto with Fiat. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 000204 on December 15, 2013.

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Even so, Binance has set itself apart by offering an insurance fund for user assets. By clicking on the exchange button on the tab it will redirect you to Changelly’s website to finish the transaction. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. However, if you’re a risk taker, invest only a portion you’re willing to lose, in case things go down. So, why is this arguably the number one bitcoin margin platform. As you are measuring two assets against each other, one asset is appreciating in value regardless of which direction the chart is moving. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. Dear ForexTrader 2,It’s concerning to hear about your recent experience, especially after five years of satisfaction. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. Withdrawal fees on PrimeXBT depend on the cryptocurrency being withdrawn. PrimeXBT is a Bitcoin based trading platform that lets you trade over 50+ different assets, including crypto, forex, commodities, and indices. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders.

ABOUT US AND ADDITIONAL INFO

The more users copy your Strategy, the higher your potential earnings. This table provides a quick reference to the different types of promo codes available on PrimeXBT and their associated benefits. 20, the average price at $127. The result of this trading is a mature market and growth of the crypto sphere. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually PrimeXBT 交易常见问题解答 just thrown under the umbrella term exchange. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms. As an example, if you choose to short a currency, you need to borrow it to sell it to someone else. With the name and history of Bitcoin, Bitcoin Cash can be considered the next iteration of the coin after the fork. If you are wondering, ‘is PrimeXBT safe. PrimeXBT is a versatile and cost effective trading platform offering access to cryptocurrencies, commodities, Forex pairs, and major stock indices via CFDs. The “Unbound Networking and Accelerating Growth Initiative” seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. So, are unregulated Forex brokers scams. When it comes to crypto, PrimeXBT has a more modest range than some of the other exchanges in our list, including Bitcoin, Ethereum, Litecoin, XRP, and EOS. This system, popular on platforms like eToro and Avatrade, benefits both inexperienced traders, who can learn from experts, and experienced traders, who can earn additional revenue. 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. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. The platform is moderately expensive to buy crypto using a credit card, but it’s cheap to trade once it’s deposited. One of the significant long term concerns for bitcoin is its security in the face of a decreasing block reward. You can only withdraw fiat using the same payment method you used for deposits. 1 You can buy crypto straigth through them, no need to use shady exchanges.

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We understand your concern and apologize for any confusion regarding the use of our platform. Here are some of the most important pros and cons of margin trading. 8 months ago 524 views. This will complete the registration process and you are now ready to login to your PrimeXBT account and enjoy this feature and more. At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. Forex No Deposit Bonus. However, on the plus side, we note that you can withdraw funds in both cryptocurrency and fiat currency and in some cases even in cash. 2% in the last 24 hours.