PrimeXBT Review 2024

However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. 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. 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. Compare the markets and instruments offered by PrimeXBT and its competitors. By Daphsam6 days ago in Poets. Margin trading is quite beneficial, but it is also something that should be looked at with caution. EToro is a multi asset social trading platform. Although new in the crypto industry, this is an exchange recommended for those who prefer to remain anonymous KYC free when trading cryptos. ” That’s why money has always been among the best stores of value, along with gold. Date of experience: April 29, 2024.

What is a stop loss order?

This method effectively measures the capability of customer support to assist both active traders and casual investors. 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. The benefit of digital coins is that they can be moved easily, transferred to and from with speed, and tend to cost less and take up no space. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. Technical analysis as we’ve explained is the study of price action, chart patterns, Japanese candlesticks, and technical indicators, and using the information to attempt to predict future outcomes in markets. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Select the CFD Trading or Crypto Futures trading account you want to activate the promo code for. Further, it has recorded a 24 hour low of $58,207. X200 leverage futures contracts can be very intense, and poor market movements can easily harm a person’s finances. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. A long position is an entry expecting the price of an asset to go up. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee.

What leverage should a beginner use?

This can deter any investors looking to invest in a cryptocurrency that has the potential to replace Bitcoin. 05% for most trades and providing special rates for crypto futures. The ICO smart contracts were hacked, and 66% of the funds raised during the event were frozen. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. Sorokin summarised why a broker should choose to work with Devexperts and their DXtrade platform. 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. 🤖 Mean reversion is the financial theory that Scambio PrimeXBT asset prices will tend to move towards their historical average over time. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Mikhail Vnuchkov joined Traders Union Prime XBT Fees as an author in 2020. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

Cautionary tales

Learn more about Baksta’s Legal Terms. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. We found the competitive side of the contests also provides a fun environment for users looking to trial strategies. This is a vast improvement from the traditional broker client model. Long selling is buying low and re selling high. The network transitioned to Proof of Stake in Phase 2, a few months later, unlocking the option for DOT owners to stake their coinsa and claim validator slots. 18+ and Gambling: Online gambling rules vary by country; please follow them. Through these third parties, customers can buy BTC, ETH, USDT and USDC. This minimized my losses and still only cost 0. Com ReviewRoboforex ReviewIC Markets ReviewForex. This tool is particularly useful for new traders to familiarize themselves with the platform and for experienced traders to test new strategies in a risk free environment.

Why are some countries restricted from using PrimeXBT?

The price of the asset is 70,000. The winners of the tournament receive a cash reward. 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. With every liquidations that occurs an extra fee of 0. 16% maker fees and 0. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. Dear Bruno,We’re glad to hear that you’ve done your research on PrimeXBT and are satisfied with the quality of our services and tools. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. This post is unavailable. The file is verified secure by PrimeXBT. We found that there is enough information available for any customer to get their online trading career underway. The first step is to get your transaction history from PrimeXBT. Quite a nice and long read Primexbt review, I liked that. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. PrimeXBT may offer tiered loyalty programs, where users can earn more significant rewards as they reach higher levels of activity.

Risk warning

Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. They only have two types of fees, and these are the trade fee and the overnight fee. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. Yes, the PrimeXBT app is free to download and use. 00, and range between $7. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Ro should be taken as investment advice. 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. With a PrimeXBT CFD trading account, you have access to over 100 global markets, and some of the best trading conditions around. Cryptocurrencies like Bitcoin have recently become popular once again, but because they are still relatively unfamiliar and still mostly unknown. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Visit our Help Centre. Buying and holding cryptocurrencies worked well a few years ago, but the market has moved beyond that in 2020. For larger transactions, KYC might be required, especially when buying crypto with fiat currencies, but for smaller swaps, no identity verification is needed. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. You can also sort markets by name and 24 hour change. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. After a Bitcoin deposit, it requires 3 block confirmations which usually take around 40 minutes. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This magnification of your trading power can lead to substantial gains or losses, depending on the market’s movement.

Ethereum Whale Sells 6,900 ETH – Is It Time to Worry?

PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. The platform offers a plethora of technical indicators, as well as several different charting styles. You can then choose to mirror the trades of traders who have a proven track record of success and profitability in the crypto markets. As a derivatives trading platform, PrimeXBT does not offer any spot markets. MEXC also offers innovative features such as auctions and staking to attract diverse traders. Plus, there is a much lower cost of entry, which could make it attractive to many investors just dipping their toes in the crypto waters. ApeX Protocol: Trade Crypto. For each direct referred by the affiliate or indirect referred by his referral client, the affiliate receives from 5% to 20% commission according to the following scheme. Coinbase is often seen as one of the most secure crypto trading platforms in the USA, thanks to being heavily licensed in the United States plus a long trackrecord of keeping customer funds safe. As mentioned earlier, some large companies have already adopted Bitcoin as a means of payment. Justin Sun’s Involvement in WBTC Custody Sparks Controversy in DeFi Community. Shiba Inu is a decentralized, community building cryptocurrency that runs within its own ecosystem. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Our in house experts will assist you with their hand picked recommendations. There is no minimum or maximum withdrawal amount required. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. When using live chat, I usually received a response within 2 minutes. This will help you stay in the game even if you encounter a series of losses. How would it impact price movements and the so called „cycle theories”. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain.

Up to $7000 Tradable Bonus on your First Deposit💰

Exotic pairs are without a doubt some of the most volatile pairs out there, but when it comes to more common pairs, the pairs that feature the Japanese yen tend to be the biggest movers. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Forexlive has no control of the contents of this page, nor is responsible for its accuracy or legality and hereby waives any responsibility for this content. However, the terms on the other assets are quite competitive as well. 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. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Their list of features includes but is not limited to algorithmic trading, charting, back testing, crypto portfolio management, screeners in addition to crypto signals, crypto trading bots. 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. Prime XBT Blog Has Moved To — primexbt. Learn more about Baksta’s Legal Terms. On top of that if you are working with crypto exchange,, then it’s probably impossible to trade currencies as well. The platform’s robust security infrastructure ensures a safe trading environment for all users. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. These measures help protect your funds and personal information from unauthorized access and potential threats. Compensation Fund per user. $20,000 or equivalent for unverified users. But most if not all reputable companies, exchanges and providers dedicate inordinate amounts of funds to develop or purchase sophisticated KYC software. In general, the KYC verification procedure is not complicated and goes quickly, after which you will have additional opportunities on the PrimeXBT exchange. Visit PrimeXBT to experience the platform’s cutting edge financial technology. Security is another essential element. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.

Coinbase Review

These include all of the momentum indicators as well as relative strength and volume based studies. Learn more about Baksta’s Legal Terms. Please contact us directly at. Phemex copy trading cons. 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. Available round the clock, our aim is to make it easier for you to access ground breaking content and the crypto news that matters, in order to help you make better investment choices. It refers to the verification of a customer’s identity, usually using documents like an ID card or passport, as well as a document to provide proof of address if applicable. Chiefly, it is gold that is used for such reasons as storing value or other related benefits such as hedging against inflation. Best regards,The PrimeXBT Team. Bitvavo, a top Dutch exchange, bridges traditional and digital currencies with ease. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. This means that someone may have obtained your account’s credentials. 🔝Best for: Traders interested in new projects and lesser known cryptocurrencies. If an additional margin is required, it will automatically be taken from your account. Prime Technology Ltd is PrimeXBT’s Technology Provider.

Trading platforms Comparison with competitors

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. As you can see, caution is necessary. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. By far, one of the most fascinating Cryptocurrencies existing on the market today is Dogecoin, made even more incredible by the interesting path it has taken since its creation in 2013. PrimeXBT partners with various fiat to crypto exchange services, allowing users to purchase cryptocurrencies with bank cards and have them directly transferred to their PrimeXBT wallet. Leverage reflects the amount of your own funds margin required, in comparison to the size of the position you wish to open, i. The fee structure is transparent and includes charges for trading, overnight financing, and withdrawals, adaptive to the needs of the local market. Market orders are orders to place a trade immediately for an asset at whatever the given market price is at that moment. Customise the trading interface to suit your needs, and plan your trades more precisely with advanced trading tools. However, there’s a demo version for new users who are unsure about using the exchange. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. 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. Users must register before making a deposit to trade on the PrimeXBT platform. Makers, who provide liquidity by placing limit orders, receive a rebate, while takers, who take liquidity by placing market orders, pay a fee. Oil futures, stock options, and CFDs are all examples of financial derivatives, and they are also available to Bitcoin traders. MT5 services are provided by our partner, PXBT Trading Ltd „PXBT”, a licensed Securities Dealer in Seychelles under License No. For those analyzing economic news and events, PrimeXBT offers tools for fundamental analysis. Each type of trading carries its own advantages and disadvantages, some that weren’t even covered in this article, so keep succeeding and keep learning.

Worse

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. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. That is, if you’re following a trader who has a long term track record of good trades, you’ll probably do well. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day. Users can also customize the indicators in terms of the time frame and other important inputs. Our support staff is dedicated to providing the best service possible, and your feedback confirms the value of their hard work. By design, the supply of the Bitcoin digital currency is capped at 21 million. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. The positives of this market action exploded Dogecoin’s price, allowing it to climb to its all time high of $0. The Welcome Bonus is a great opportunity for new users to start trading with increased capital, but it is important to remember its limitations and terms of use. There are various strategies for live trading, each tailored to different trading approaches, experience levels, and market dynamics. KYC required for all account levels. Traders can quickly short assets. Hello Zwelakhe,Thank you for sharing your experience. On PrimeXBT, you can trade futures on popular cryptocurrencies, including. Information regarding past performance is not a reliable indicator of future performance. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken.