◾️What is the minimum deposit to start trading?

Some products and/or services might not be covered by the Compensation Fund. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 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. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. Hi Yahir,Thank you for your awesome feedback. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. That being said, there is still quite a bit of interest in Bitcoin, and therefore one would have to assume that buyers will continue to be interested. Most popular crypto exchanges offer copy trading, which allows users to copy trades made by other experienced traders. Virtual Assets are high risk products, highly volatile, with fluctuating values. When you are in the platform, click on ‘Trade’ > ‘Global Markets’ and choose ‘Commodities’ from the list of available markets. A cryptocurrency is a type of digital currency created using blockchain technology, which excels in providing rapid transaction speeds and heightened security during transaction processing. When you use copy trading, everything happens automatically, so you don’t need to spend a lot of time and effort. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. When trading financial instruments such as forex, traders can expect overnight or swap fees to be applicable when positions are held for longer than one trading day. Most of the time, you’ll get stopped out again. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. Required fields are marked. Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter. 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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Open larger trades with less money using leverage. We’re glad that you appreciate the quality of our services, from the platform’s functionality to the support you receive. If you have any more feedback or need further assistance, please don’t hesitate to reach out at. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Our human support team is here to help 24/7, in your language.

Reputation AndReliability Comparison: PrimeXBT, ByBit, and Binance

Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Availability and Responsiveness of Support. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Register and join our community with millions of traders from all around the world. If you prefer the more traditional options available online, you can also make use of a bank transfer. Io empowers users with drag and drop tools to create and copy trading strategies. Scan this code to download app. PrimeXBT offers live price charts for all the markets PrimeXBT apk file available on the platform. While Bybit offers just 401 unique cryptocurrencies, KuCoin boasts an outstanding 863 making it a better altcoin exchange. WTI Crude Oil is usually the one that sets the prices around the world, and most people that trade Commodities, only use Brent Crude Oil prices as a reference or to confirm trends. We discuss its features, fees, security, and performance, enabling potential users to understand it better by evaluating its pros and cons, user experience, and unique offerings like crypto futures, leveraged trading, and copy trading. Taking a closer look at the actual tools that are at your disposal, there are the drawing tools that traders need to map their important levels. This exchange LITERALLY stole my money. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. However, PrimeXBT has fewer crypto assets and trading pairs than some other platforms. To enable 2FA, go to the security settings in the app, select the 2FA option, and follow the instructions to set it up using an authenticator app. I consider the chart screen to be a platform’s most critical feature, enabling technical analysis and providing a clear view of price action.

Conclusion 🚀

It appears they sustain their business by taking from their clients. Currently, official PrimeXBT GitHub Public Repository doesn’t exist or wasn’t submitted. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Meanwhile, Goldman Sachs believes that the markets may not reach higher oil prices, and top a maximum of only $81 in the same time. Easily buy Crypto with Visa or Mastercard. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. Alexander Goodenough – is a Content Expert at PrimeXBT, specializing in crafting engaging and informative content across various topics. This bonus is designed to enhance trading capital but, like other bonuses on the platform, it cannot be withdrawn and can only be used as collateral for trading. For example, traders who bought at the 2020 low and sold at the high of roughly $4800 would have made approximately $4,200. The case is set to continue, and the final outcome remains to be seen. Have you tried the latest version of our application. Polkadot will reach $11. While KuCoin and Binance remain the kings of crypto trading contests, what is interesting about PrimeXBT is that the trading contests are done with virtual funds in a demo account where traders compete against each other but can win real rewards like USDT cash prizes. If you are wondering, ‘is PrimeXBT safe. Prime Technology Ltd is PrimeXBT’s Technology Provider. Traditional assets like commodities, stock indices, and forex currencies are also available to trade with leverage. This means that they can make money on a fall in the price of the asset. Com attracts a global audience, with significant traffic from India, the US, Germany, the UK, and Australia, showcasing its strong appeal in diverse markets and a blend of desktop and mobile users. Great conditions for cryptocurrency trading and exposure to other markets. Understanding the fee structure is crucial for managing trading costs effectively. One of the standout features of the app’s performance is its real time data delivery. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze.

Ready to put your insights into action?

35350, this means that the trade lost 25 points. I know this might sound like a bummer for US based traders, but think of it as a chance to explore different avenues. Before you can connect the Telegram bot to your PrimeXBT account, it’s essential to enable two factor authentication 2FA. CFD stands for contract for difference. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. You decide that it is time to collect your profits, as price hits your take profit limit order at 31,250. We collect data on the most profitable Strategies in December 2024. For me onboarding at PrimeXBT was seamlss. Pearce is responsible for all areas of the group and its portfolio companies. 0 update rolled out moving the network to a proof of stake from a proof of work. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. There’s also support for Axie Infinity, Internet Computer, Stellar, and other popular altcoins. Completing the verification process is mandatory to claim the sign up bonus. Leverage creates additional risk and loss exposure. Log into Your PrimeXBT Account. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform.

Affordable

PrimeXBT is not available for users located in the USA, there is no „PrimeXBT USA” option as there is with other platforms like eToro or Binance. In my days of day trading traditional and crypto assets, I have witnessed too many shady forex, stock, and crypto exchanges disappear with everyone’s money or go bust, so I only trust the top regulated and reputable exchanges, and of course, DEXes. It is important to note that if a position is carried over into a new trading day or trading session, an overnight financing fee is applied. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. The Cryptocurrency market has seen many ‘rising star’ tokens and incredible performers. In this strategy, traders aim to trade in the direction of the underlying short term trend. We personally contact support using all available methods and present hypothetical problems that users might face. 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. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Information regarding past performance is not a reliable indicator of future performance. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. In this section, you can also track the usage and status of your bonuses. Launched in 2014, it acts as a bridge between fiat currencies and digital assets, helping provide seamless transactions across different exchanges. The Financial Commission is an independent external dispute resolution EDR organization that was established to be a neutral third party committee to fairly review and resolve complaints. This may include activities such as bonus abuse, failure to meet the specified eligibility criteria, or attempting to withdraw bonus funds unlawfully. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. I don’t trust them no more to trade with them. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Users also have access to the Help Center, which features a comprehensive FAQ section. Click Download and confirm the file download if you see a warning. Now, it is a decentralized exchange with no main headquarters but is available in over 100 countries. Disclaimer: This article is provided for informational purposes only. Contracts for difference CFDs are derivatives that speculate on the underlying asset’s price without physical ownership. Deposits are free, but there are withdrawal fees for cryptocurrencies. In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. Kraken is divided into a basic platform with an in built crypto wallet and fiat to crypto support, and Kraken Pro which features an order book based trading interface, TradingView integration, and a range of Earn products, making it more akin to Bybit. The table demonstrates how much you would have to pay to trade 1 full lot 100,000 units in EUR/USD with a pip value of $10 for each account. 💎 Trade SHIB like never before. Alternatives of Jubi and PrimeXBT.

Research and Education

After a Bitcoin deposit, it requires 3 block confirmations which usually take around 40 minutes. On top of that if you are working with crypto exchange,, then it’s probably impossible to trade currencies as well. All those noted here were mentioned in interviews, QandAs, FAQ, and/or the Covesting whitepaper. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. What is the minimum and maximum amount for a withdrawal. Best Platform for Online Trading. This section will unveil the mechanics behind leverage trading and how it applies to the exciting world of Cryptocurrencies. PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Kriptomat is a cryptocurrency broker based in Estonia that launched its service in and offers individuals to buy and sell more than 13 cryptocurrencies. Com accepts the following forms of payment. In this review, we dive into PrimeXBT, a dynamic margin trading platform offering access to crypto CFDs, commodities, indices, and Forex. What is Forex Trading. For the Pros 👨‍💻: You can enable “one click” ordering if time is of the essence with the trade.

You will bein Good Hands!

This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform. In full transparency and honesty, I have never been a big fan of the too many offshore and unregulated exchanges that are out there as so many of them can be quite dodgy. Both withdrawals and deposits can be made using Bitcoin only fiat and other cryptocurrencies are not accepted. She has written around 30 analytical articles on cryptocurrency rate dynamics, reviews of financial companies and large joint stock companies. PrimeXBT places paramount importance on user security and data integrity within the cryptocurrency community. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. However, there are some regions where PrimeXBT does not accept users, including. PrimeXBT regulation and security components. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. The covesting copy trading module on PrimeXBT offers followers a streamlined way to replicate the trades of expert traders. The hack itself was rather simple. Immerse yourself in the thrilling journey of cryptocurrency trading with PrimeXBT, where acquiring coins or tokens means securing a slice of digital assets like Bitcoin. It is another blockchain ecosystem that has been relatively quiet over the last several years. With its powerful processor and ample RAM, tasks are completed swiftly and effortlessly. I have no negative experience with using this platform because their customer service is excellent, except that they don’t have an API. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. Overall, I rank PrimeXBT in the middle of the pack. However, at the most recent all time high, each Litecoin was worth over $418, moving the fastest and strongest out of almost all cryptocurrencies when it did finally break out. To activate this bonus, you typically need to enter a promo code provided through a promotion or special offer.

Support

However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. The limit order did its job – it kept the trader from paying more than they wanted. So i will spread prime but to everyone. Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. Advantages and disadvantages of PrimeXBT. 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. Having a cash reserve is important when beginning to margin trade as this allows you to take that amount and multiply it by whatever the platform is offering. You can also go to the PrimeXBT Help Center to easily navigate to the sections you need help with. The trading fees on PrimeXBT are a flat rate of 0. This is much different than most markets that you may be used to, such as futures or stock markets. Primexbt seemed to me, as the absolute legit option for crypto trading, They`re backed up by some regulations licenses and have their own compensation fund.

Can US Citizens use PrimeXBT?

Unlike its larger competitors, PrimeXBT does not offer P2P trading. Reply from PrimeXBT Copy Trading. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. You can check out our detailed review on PrimeXBT to learn more. There is an extensive range of assets that you can trade there. The main draw to PrimeXBT is its wide selection of asset classes. This Daily Limit applies cumulatively across all currencies withdrawn within a 24 hour period. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania.

Deposits in Fiat Currencies are not Accepted

This margin type provides a more comprehensive approach to risk management, as any potential losses are spread across all positions. While PrimeXBT’s platform supports one click trading, its lowest timeframe is one minute which is not ideal for scalping. PrimeXBTalso offers a simple way for traders to buy major Cryptocurrencies like Bitcoinand Ethereum directly through the platform via bank card or transfer. Additionally, you can manage or activate new bonuses here if you have a promo code. In January 2014, Dogecoin embarked on a price rollercoaster, commencing the month at $0. This page is having a slideshow that uses Javascript. Availability and Responsiveness of Support. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. Comments: As a trader for more than twoyears I appreciate the platform ‘s user friendly interface, extensive range of tradable assets, and the availability of leverage for margin trading which is very appealing for me. Without a forex account, one cannot directly engage in currency trading activities. However, it’s essential to remember that all investments carry risks, and past performance is not indicative of future results. Placing trades on PrimeXBT is simple, with an easy to use order form. Thank you for choosing PrimeXBT. Returns or profits may be subject to capital gains tax. This table provides a clear comparison of the features offered by PrimeXBT and Binance, helping traders make an informed decision based on their specific trading needs and preferences. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. To activate this bonus, you typically need to enter a promo code provided as part of a promotion or special offer. Mirror trading is done through platforms that provide investors access to a diverse range of traders, allowing them to evaluate and assess their trading strategies and performance. I have broken down the available analytical tools and chart configurations below. 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. Best regards,The PrimeXBT Team. This bonus provides a valuable opportunity to increase your trading capital, offering more flexibility to open positions without requiring additional personal funds. Lower leverage provides more controlled exposure, reducing the risk of large losses but also limiting potential gains. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Depositing funds on PrimeXBT is really simple, though the only accepted currency is Bitcoin. While trading futures is a great way to get exposure to commodities, the reality is that most futures contracts are quite expensive, as it takes much more margin to be involved. The intuitive design of the PrimeXBT Android app ensures that traders can easily access the tools and information they need to make informed trading decisions. After that, place stop loss orders and limit orders.

My Key Takeaways After Testing PrimeXBT Desktop

Technological upgrades or changes to Chainlink’s protocol, while aiming to improve functionality, can pose risks if not seamlessly implemented or if they lead to fragmentation within the community. PrimeXBT offers margin trading to enhance earnings. Copy trading doesn’t teach the nuances of trading, making users reliant on others. Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign up with our link PrimeXBT Covesting. There are hundreds of cryptocurrency exchanges to choose from, so how do you know the right one to choose. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Trading contests are becoming very popular as skilled traders can compete for extra cash and prizes. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Finally, it’s time to place your trade. The most popular tools used for Cryptocurrency trading include. By knowing these common issues and their causes, you can better prepare to troubleshoot any payment problems on PrimeXBT. 39%, drawing the attention of four followers with a combined equity of 3180.

Prices

The Verdict: Deciding the fee champion depends on your trading style and goals. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Tony is also the founder of CoinChartist. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. From intuitive interfaces to advanced trading options, PrimeXBT consistently pushes the boundaries of what’s possible in the crypto trading world. 38 and continued its plummet through the spring, in line with bitcoin and ethereum during what some experts are calling a “crypto winter. Complaints Handling Procedure. Position trading is also known as trend trading. Continuously improving and enriching our platform with tools that aid in market analysis is a priority for us, as we aim to cater to the needs of traders at all levels of expertise. In that scenario, many traders would put a stop loss of at least that, if not twice that. However, there are some regions where PrimeXBT does not accept users, including. What is the performance of these tools in practical trading scenarios. At PrimeXBT, we aim to provide prompt and effective support to ensure all your trading needs are met. While Bitcoin is still very much the most well known, and most widely regarded cryptocurrency around, it is only one in a list of near thousands of other digital coins and tokens. If you have questions, you should look to your local regulatory agency to make sure. Its decentralized and security related consensus method depends on a network of reliable nodes. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. Finance Magnates CY Limited.

Web3 Explorer

Additionally, Changelly’s interface is designed to cater to both beginners and experienced traders, with its straightforward process of selecting a cryptocurrency, entering the desired amount, and completing the transaction in a matter of minutes. These forums provide a platform for users to ask questions, share strategies, and discuss market trends. Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. Understanding the reasons behind transaction delays can help you mitigate them. Read Chipper Cash Reviews. 01 BTC should ever be put at risk. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. This will complete the registration process and you are now ready to login to your PrimeXBT account and enjoy this feature and more. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. 05% fee for trading cryptocurrencies. There’s no KYC, and at no point will Uniswap ask for your personal details. Information regarding past performance is not a reliable indicator of future performance. When crypto lacks momentum or its characteristic volatility, traders can access other markets that trend at different times and intensities. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. 🌟 Join the PrimeXBT affiliate program today. Phone support is unavailable. If a confirmation email is not received, check the spam/junk folder. If crypto copy trading is something you are interested in, Gate. Com App is a digital currency brokerage that acts as a custodian and stores the cryptocurrencies for clients. As with any market order, Slippage may occur during times of high volatility, when liquidity in order books is insufficient to execute trades at the trigger price Bid/Ask, resulting in a price gap. PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. The crypto market is quite different from the stock market.

Open free account

However, it is not regulated by major financial authorities in jurisdictions like the European Union, United Kingdom, or United States. Additionally, POL ex MATIC’s value is boosted by its role in enabling fast, cost efficient transactions on the Ether network, making it a critical component of blockchain scalability​. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. The reason to trade via leverage is to increase profit potential. PrimeXBT ensures regulatory compliance by implementing robust anti money laundering AML procedures, enforcing know your customer KYC requirements, adhering to data protection regulations, conducting regular audits, and obtaining necessary licenses and registrations to operate legally in various regions. 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. The Different Types of Copy Trading in Crypto. PrimeXBT also says it offers the renowned MetaTrader 5 platform, which is available via PXBT – a partner company of PrimeXBT. Paid the network fee and paid by usdt , went trought w/o problems. However, there were a few areas of disappointment. Open the downloaded file and tap Install to complete the installation. During the late 2017 and early 2018 cryptocurrency hype bubble, few crypto assets or altcoins received as much buzz as. Here, you can both buy and sell the most popular currencies and make money on fluctuations in exchange rates using futures and CFDs. Registration is free on PrimeXBT and there’s no minimum deposit to access some of the most innovative tools in the crypto market, including cold storage wallet solutions, and the copy trading module. Our website uses cookies. These fees apply for positions held open overnight. Join 1M+ traders who choose PrimeXBT as their go to trading platform. With spreads starting at 0.

TABLE OF CONTENTS

Virtual Assets are high risk products, highly volatile, with fluctuating values. This feature is common amongst popular crypto exchanges and is a great way of balancing out your altcoin portfolio. 414 for Ethereum on the Solana chart, projects a possible high price this cycle of over $1,000 per SOL. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Discover the capabilities of advanced trading with PrimeXBT PH, customized specifically for Filipino residents. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. BitSeven, on the other hand, is renowned for its simplicity and focus on cryptocurrency derivatives, offering high leverage and a straightforward user experience. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. It depends on your individual risk tolerance and experience level. The PrimeXBT platform has plenty of tools available to suit traders of most skill levels. I say, look at the blockchain. However, if you use the proper risk management strategies, you should never find yourself anywhere near receiving a margin call or a forced liquidation. The promotion is only available for the new client. This website is owned by PrimeXBT PTY LTD. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.