Giving PrimeXBT a Test: The Results

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. 2 of PrimeXBT’s Terms and Conditions. Familiarizing yourself with these can help you choose the best options to suit your trading strategy. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. We’d also like to mention at this point that PrimeXBT is regulated by. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Users then have two weeks to claim the joining bonus. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. They seemingly receive salary not for no reason, lol, sometimes, there are platform where support guys receive money for nothing. To start spot trading on PrimeXBT, you need to register for an account, complete the verification process, deposit funds, select the asset you want to trade, and execute a trade. As with anything, there are advantages and disadvantages to using a stop loss order. It is a social network for crypto copy trading. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. PrimeXBT charged me a withdrawal fee of 0. This is seen in its product mix and friendly UI/UX design.

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Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. 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. During testing, I received fast responses with a reasonable level of detail. Receive the latest news and stay informed. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Self sovereign Identity, or SSI for short, seeks to keep a person’s digital identity and personal information, well personal. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. When trading on margin, it’s important to fully understand the risks and benefits of leverage and to actively control your risk levels.

◾️My Stop Loss/Stop Buy order was executed even though the price on the chart never went that high Why?

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. The car manufacturer received close to $950M in exchange. It will expand the form and allow the user to set up Stop Loss price and Take Profit price. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. United States of Minor Outlying Islands. Esto asegura procesos de depósito y retiro fluidos, personalizados según las preferencias de los traders en Argentina. Forex Brokers by Country. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. With a brokerage, however, there is no “other person” you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. 32 to send USDT over the BEP20 network. However, Large Caps and Mid Caps are continuing their strong performances from July and just surpassed 10% returns in August while Bitcoin is actually lagging behind, up only 7 percent.

PrimeXBT Pros and Cons

It is not something that you have to do, just something that you are able to do should you choose to. Proper education and a disciplined approach are vital for leveraging your trades on PrimeXBT successfully. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. This means user info is sent and stored securely, away from hackers. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. Deposit or buy your favourite digital assets in app and use them to trade 100+ markets including Forex, Indices, Commodities, Futures, and more, all in one place. The guidelines were expanded in the past, including after the 2008 global financial crisis. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. The higher leverage rates are only available for smaller trade sizes, and the maximum leverage is reduced as trade size increases. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. This duration accounts for the necessary security checks and processing time. I believed that their primary focus was on crypto, as I had been trading these assets and found the terms appealing. For stocks in the United States as an example, you need to deposit at least $2000 with your brokerage, or 100% of the purchase price, whichever is less. In SE Asia, rapid Web3 adoption underscores the urgent need for education to protect investors and empower developers. Only an extremely small portion of digital assets are ever held on hot storage for the highest level of protection. By using these orders, you can determine your cost basis. Established in 2018, PrimeXBT stands at the forefront of the trading world, proudly serving a diverse global community across more than 150 countries. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. There is no strict minimum deposit amount for cryptocurrencies. In order to do this, you will need to provide them with an email and password. PrimeXBT is supported, however, in over 150 other countries worldwide. PrimeXBT must navigate these regulatory frameworks to ensure compliance and provide secure trading services. They don’t trust a third party with their personal info. On the other hand, there’s a flat 0.

What is PrimeXBT?

Twitter: aylerTBMLinkedin. Both withdrawals and deposits can be made using Bitcoin only fiat and other cryptocurrencies are not accepted. Required fields are marked. To make it easy to identify and select only the best managers to follow, PrimeXBT displays every strategy manager’s key historical performance metrics and stats on public leaderboards. It allows users to follow and copy the strategies of experienced traders. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Depositing on PrimeXBT is a straightforward and secure process, offering traders a variety of options including direct crypto transfers and fiat to crypto purchases through trusted partners. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Specifically, if you’re financing a leveraged position for more than 24 hours, you will then be charged with the overnight finance fee. Luhansk People’s Republic. Placing trades on PrimeXBT is simple, with an easy to use order form. As the holiday season kicks off, PrimeXBT extends its market leading services through a generous 20% deposit bonus campaign. To begin, you can click here to sign up and within minutes you can start buying and trading Litecoin and Ethereum. Additionally, you cannot set stop losses and take profits directly from the order form. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. Ethereum projected growth has slowed after a slew of problems in the crypto world, but crypto is starting to behave. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. Additionally, you cannot set stop losses and take profits directly from the order form. This is an alarm bell for many, as it means there is no authoritative body to hold the platform accountable or enforce any sort of laws or rules. Dogecoin is a Cryptocurrency altcoin that trades under the DOGE ticker symbol against USD and other Cryptocurrencies like Bitcoin. No, US citizens cannot use PrimeXBT as the platform restricts its services to users or residents of the United States of America. One such solution is being offered by the company that democratised and made personal computers accessible to everyone – Microsoft – in the form of their Microsoft Entra Verified ID. If AAPL has a margin requirement of 5%, your margin will be 5% of the total value of the position. The next sections will provide more details on verification levels and how to complete the verification process. They only have two types of fees, and these are the trade fee and the overnight fee. 05%, which is low in comparison with other exchanges. This PrimeXBT Crypto Futures review will complement our previous review, and should simply give you more info about the company than you had prior to reading. While margin trading does offer a significant amount of benefit, the reality is that the using of margin is something that should only be done cautiously, because when you amplify your position, it works both ways. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

PrimeXBT Bonuses and Special Offers

Stellar is a blockchain project founded in 2014 by Ripple co founder Jed McCaleb and venture capital investor Joyce Kim. 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. Users also have access to the Help Center, which features a comprehensive FAQ section. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Ever feel lost trying to figure out the ups and downs of the market. This means you need only 1% or 0. For all questions, security issues, product related inquiries, and business proposals, please reach us. However, PrimeXBT keeps its fee structure transparent and straightforward. Unlike most exchanges today, KYC verification is optional on PrimeXBT.

How can I claim a deposit bonus?

Non KYCed users can withdraw up to 1 BTC per day and use margin trading features albeit with a smaller leverage than verified customers. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. $2,000 by bank card. PrimeXBT supports trading Crypto, Commodities, Forex, and Global Indices. Date of experience: August 11, 2024. When the limit price is reached, a position is opened. CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades. The PrimeXBT Android app ensures that your trades and data are secure, giving you peace of mind while trading on the go. Choose one of the following products that suits your needs. This offer is simple and advantageous for beginners on PrimeXBT. But how easy is it for a newcomer to navigate this platform. The promotion is active from 11 March through 9.

What is a Trading day?

PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. After 12:00 UTC – Next day. 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. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. So yeah, its hella worth. Prime Technology Ltd is PrimeXBT’s Technology Provider. To deposit PrimeXBT supported Crypto held on an external wallet, go to the Main page,. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. This leaves Volet and Perfect Money as the alternatives. Scan this code to download app. The platform will then send you an email to complete the verification. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. Coinmama believes that the future of money is open source, decentralized and borderless. Best regards,The PrimeXBT Team. Before investing, ensure that you research those who have built the cryptocurrency and look into whether they have the integrity and capability to sustain it.

ADRES

Unfortunately, this does happen. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. PrimeXBT offers a user friendly interface and advanced trading features such as leverage trading. Another important part of setting your Day Trading strategy is how you intend to manage your money, and your risk. Whether you want to trade Bitcoin on leverage, profit from falling prices on Ethereum, or trade on stock indices, commodities, or forex – PrimeXBT has got you covered. Titles and posts must be in English. Best regards,The PrimeXBT Team. 025%, and the taker fee is 0. Really scary times: Middle east war potential US job cuts First time no carry trade in 20 yearsWith Primexbt though, i’m chill. However, there are certain jurisdictions where our services are restricted. XRP Whale Activity Hits Four Year Low: What Does It Mean for Traders. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. These attributes make it extremely attractive for banks – Ripple’s main target customer – to move large amounts of money quickly, at a very low cost.

Restricted Jurisdictions

Another cool feature that sets PrimeXBT apart is that users can design their own trading contest for their communities. Com users, this is similar to how the CRO token offers users various platform perks. 00010039 BTC margin because of the automated leverage that PrimeXBT has assigned. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. Plus the fees are truly low, you pay only 0. How to sign up and use Prime XBT. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. Use the 1 hour or 30 min charts to do so. The maximum withdrawal amount can vary depending on the user’s verification level and the platform’s security protocols. Bybit has been expanding its user base, not only being adopted by retail traders but professional traders and firms as well, encouraged by Bybit’s sterling reputation and efforts in the crypto space. I had no other known option at the time, except to buy crypto at these exchanges, and then withdraw to my hardware wallet.

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Scalping is when a trader takes advantage of the small price movements to make profits. Market order is the default choice in order form after you click Buy or Sell. Hallo Gabriel,Vielen Dank für Ihre positive Bewertung. In this article, we will explore the various aspects of the PrimeXBT Referral Bonus, including how it works, the benefits it offers, and tips for maximizing your rewards. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. You can freely withdraw cryptocurrencies at any time. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Best regards,The PrimeXBT Team. Crypto: Supports Crypto Fiat and Crypto Crypto trading. PrimeXBT offers a variety of deposit options. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. A seasoned player with 404 active days, AltLong has demonstrated a robust strategy, yielding a commendable 1300. Unlike its larger competitors, PrimeXBT does not offer P2P trading. 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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. I verified my account and deposited it with my MetaMask🦊 wallet. To earn a passive income on eToro through eToro copy trading, it offers the Popular Investor Program. Regulated by the authorities in Cyprus. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. The highly speculative market is also highly volatile, making it ideal for investors and traders seeking to become wealthy quickly. KYC due diligence may seem like an invasion of privacy especially for a group of individuals that laud privacy, anonymity and the decentralisation of the financial system. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. Learn more about other kinds of reviews. In an op ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling ” with a nearly 100% edge for the house.

Email ID

Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. The informativeness of their website is on a high level. We understand the impact of fees on trading positions and are constantly working to optimize our fee schedule. Specializing in CFD trading, PrimeXBT enables traders to speculate on asset price movements without owning any of the underlying assets. This can have a positive impact on overall trading costs. 3 billion fine for failing to comply with AML regulations. PrimeXBT has not gone public yet. The trade fees are very straightforward. Key Features of PrimeXBT Margin Trading. Of course, this also works on the way down as losses are also magnified. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. 34500 = 60 point gain. Here’s our detailed analysis of the futures trading experience.

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In the top left quadrant of the PrimeXBT dashboard, you’ll find a blue “Deposit” button that will take you through to the deposit screen. Deribit – 1:20 – Deribit offers up to 20x leverage for their Futures and up to 10x for their Options trading. This gives it a competitive edge. But does this make OKX a better choice. With its numerous advanced features, following the top traders and achieving the desired profits is a breeze. These fees cover the costs associated with transferring funds and maintaining the security of the platform. We personally contact support using all available methods and present hypothetical problems that users might face. Crypto Deposits: PrimeXBT offers free crypto deposits. PrimeXBT and Coinbase are quite different in their offerings.

Collect Your Rewards

Factors that can affect swap fees include central bank interest rates, exchange rates, and whether your position is long or short. BitFlyer is a dedicated Bitcoin exchange and marketplace that strives to provide its users with an efficient and enjoyable experience when buying, selling, and spending their Bitcoins. Date of experience: August 11, 2024. These are not arbitrary stats, but rather, they represent a checklist of important attributes that a user can perform to reach this level of prestige. Learn more about Baksta’s Legal Terms. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. If a broker is overseen by one of these top tier regulators, it’s a strong sign they’re following the highest standards. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. There is a range of extra features at PrimeXBT beyond its trading platform. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Your crypto will be kept hostage. PrimeXBT supports a wide range of countries, including major financial hubs like the United States, United Kingdom, several European Union countries, as well as regions in the Asia Pacific and Latin America. Coin Bureau readers who sign up to PrimeXBT using our referral link will receive a FREE 35% BONUS as well, definitely worth taking advantage of.