What is PrimeXBT and what does it offer?

These fees apply for positions held open overnight. You will need to either add more funds to your balance or close some of your positions. As a digital asset designed to facilitate fast, low cost international money transfers, XRP has garnered significant attention from both individual investors and financial institutions alike. PrimeXBT has a free economic calendar and publishes regular market breakdowns and weekly outlooks. Good platform to learn how to trade. Therefore, you must avoid a margin call at all costs. Register and join our community with millions of traders from all around the world. The broker has developed a reputation for its cutting edge platform and favorable trading conditions despite operating outside of direct regulation. PrimeXBT offers a variety of bonuses, including deposit bonuses, fee reduction bonuses, and percentage based bonuses. Learn more about PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. PrimeXBT processes all pending withdrawals once a day, between 12:00 and 14:00 UTC.

PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?

Once you’ve done this, you’ll be able to find all the information you need about your crypto capital gains, losses, income, and expenses under your tax summary. If you invest in a token with relatively low trading volumes, you speculate that the underlying project will grow and attract new investors. You can also look for potential chances of partnering with other names in this industry. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. PrimeXBT Trading Services, S. As the market starts providing highly volatile periods more often and opens opportunities for growth, many industry experts continue to run Dogecoin price analysis. When using live chat, I usually received a response within 2 minutes. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. By being aware of these common mistakes and taking steps to avoid them, you can maximize the benefits of PrimeXBT bonuses and enhance your trading performance. Adjusting leverage on PrimeXBT offers several benefits that can enhance your trading performance. 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. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset.

Summary

Their fees are typically less than $2. Trade Crypto Futures Contracts incl. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Pionex does provide services for US users but some services are restricted including leveraged grid bots, margin grid bots, and leveraged tokens. The fiat withdrawal process was straightforward but took a long time. Let’s walk you through detailed step by step instructions on how to make a deposit on PrimeXBT. 8 for PrimeXBT Futures Pro. Be warned: investing in these start up projects is risky so read up all you can before investing AND keep a close eye on them after. If you have any questions or need further information about trading on our platform, please feel free to contact us at. It is customizable as per the level of the user, right from beginners to pro, and it also provides the option of multiple windows for experienced traders to help them focus on their technical analysis strategies. At PrimeXBT, we’re committed to empowering your trading success. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. The idea of funding rates comes from traditional financial markets with margin trading, where such interest payments are exchanged periodically between long and short traders. 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. It also was a part of the Reddit WallStreetBets and TikTok trend where users pumped the coin on Robinhood. Additionally, there are other promotions and bonuses available, such as a 50% discount on orders over $50 with the code IMI50. However, a standard investment in the SandP 500 might not yield the rapid returns that some investors especially those with shorter time horizons may be looking for, which is where PrimeXBT comes in. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. PrimeXBT also has trading limits. It just makes me sick how they destroyed it through greed, stupidity, and https://primexbt-trade.com/para-cekme/ corruption. Embedded order book is useful too. Additionally, there are no hidden fees or commissions, allowing traders to keep more of their profits. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. We’re thrilled to hear that our educational and analytical tools have been instrumental in improving your trading skills and contributing to your success.

Bybit Security

Short selling Bitcoin is risky, but it can become dangerous in an unregulated market. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. ETH price has changed by 2. Choose PrimeXBT for a versatile and user friendly payment experience. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the most favorable prices. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Virtual Assets are high risk products, highly volatile, with fluctuating values. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience. The best coin for margin trading pretty much depends on your experience level and trading plan. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. The platform offers multiple channels for customer support, ensuring that users can get the help they need quickly and efficiently. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. No disadvantages, all is good, working fine. If the app is unavailable in your region, you can still access it through direct download from our site. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Isolated margin is predefined and locked in. While trust has been badly damaged in investors’ eyes, a fewcompanies with a positive reputation and a track record of reliability remain. 60$USD per token, yielding another estimated 8. 🇯🇵 Minor pairs: Pairs that do not include the USD but involve other major currencies or a mix of a major and a smaller economy currency, like EUR/GBP, AUD/JPY, and GBP/JPY.

Optimizing Your Trading Strategy on PrimeXBT

We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. Share strategies and collaborate using social tools. Margin trading in the world of cryptocurrencies enables traders to control a large amount of digital assets using a small deposit. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. The cryptocurrency Dogecoin was developed in 2013 by programmers Billy Markus and Jackson Palmer. We reserve the right to decide which comment will be published. 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. No, different assets have different overnight fee rates. A stop loss closes your trade automatically when the price reaches a pre specified level, allowing you to precisely determine your potential losses before even placing a trade.

How to calculate PrimeXBT fees?

PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. Turbocharge your trading with our Bonuses, Promos, and Trading Contests. PrimeXBT does not support API connection at the moment. This means you’ll have to allocate a margin that is equal to 1% of your desired position size. Visit PrimeXBT to experience the platform’s cutting edge financial technology. 1M+ community members. For our trading test, we thoroughly evaluated the PrimeXBT platform. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Instead, it is a three tiered membership program that unlocks additional perks as users spend more upfront. Adding funds to PrimeXBT can be done through various deposit methods, including cryptocurrencies, credit/debit cards, bank transfers, and e wallets. As reported by Finance Magnates, PrimeXBT has joined the Financial Commission FinCom to enhance its dispute resolution processes. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. PrimeXBT integrates TradingView charts, which is a nice feature. This variety helps traders diversify their portfolios and find more market opportunities. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. 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. Best regards,The PrimeXBT Team. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The goals with Litecoin were to offer a faster solution than Bitcoin with many of the same benefits. The margin used depends on the market and the amount of leverage provided. Account verification is completed upon Depositing Cash. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough.

Hybrid Models

Things have slowed down since, though, with the BTC/USD pair now down nearly 50% since the ATH in April. If you have any questions about how we protect our clients, don’t hesitate to contact us via email at. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. 📈 Free Portfolio Tracking💡 Hidden Insights and Opportunities💸 Optimized Tax Reports Join more than 300. Returns may be subject to tax. This example underscores the importance of. Traders begin shorting Bitcoin on PrimeXBT by conducting thorough analysis using PrimeXBT’s toolset. Kraken is one of the largest and most trusted digital asset platforms globally, we are empowering people to experience the life changing potential of crypto. Therefore buying any Bitcoin should result in a free wallet to use. If the app is unavailable in your region, you can still access it through direct download from our site. Understanding overnight financing fees and their impact on your trades is crucial for managing long term positions effectively. Whether you are trading Bitcoin, Ethereum, or other altcoins, PrimeXBT has streamlined the process to ensure seamless transactions. Comments: I have been using Prime XBT for 4 months now and I must say it’s really been helping me a lot with making crypto trading easy and efficient. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. You anticipate the upcoming negative news about cryptocurrency market, which will negatively impact the price of BTC, so you decide to sell ten Bitcoins at $7,400 for a total short position of $74,000 in value. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. 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. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. PrimeXBT’s trading platform has a pleasant and intuitive design and features basic tools like one click trading and alarm setting options. Invest only money you can afford to lose. If you are ready to place a trade, you typically need to change a dialog box from “market order” to “pending order. You can also trade options in commodity markets. Bitget is a premier cryptocurrency exchange that offers users a seamless and secure trading experience.

Competitors

Have you used Prime XBT Yourself. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. PrimeXBT is a derivatives trading platform that allows users to deposit Bitcoin and speculate on the price movements of cryptocurrencies and traditional assets as well. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. But my biggest peeve is the spread. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. Brief Price History: Binance Coin first traded at under $1, but at the peak of the bull market in 2017 reached $16 per BNB. PrimeXBT delivered a seamless trading experience. Our Currency Converter uses live rates to provide you with the most up to date conversions. That being said, traders also have the ability and the CFD markets to trade other sizes instead of a standardized futures contract. By having a larger position, requires you to have more margin, ultimately reducing exposure risk. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Dear MUC,Thank you for your understanding and positive perspective on PrimeXBT. 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. Stay updated with instant alerts for PrimeXBT outages by signing up now. Currently, we do not offer a no deposit bonus. 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. Trade Crypto, Indices, FX and Commodities with leverage from a single Bitcoin based account.

Supported cryptocurrencies

The platform also offers IEOs, staking, and other earn products. 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. 16 and an average of $0. Enjoy real time prices, technical indicators, drawing tools, without the need to switch platforms. Deposit and Withdrawal. Regarding no KYC exchanges, performing fiat to crypto trades can be challenging but not entirely impossible. While it shares similarities with the stop loss order, it introduces a limit price along with the stop price. PrimeXBT is a top choice among crypto trading platforms due to its high leverage levels, low fees, and advanced trading tools. Please contact us at. Here are some tips for followers on finding the bestStrategy Providers, and how to get the best performance out of the platform. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. A competitor of PrimeXBT, Bitmex, for instance, uses a much more complicated fee structure for its trading. Seek independent advice if you have questions or do not fully understand the risks. This PrimeXBT welcome bonus offer is an excellent chance for every crypto user looking for a new platform to raise the funds that they have to trade. Scan this code to download app.

All Categories

However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. 5939, before slipping down to trade at around $0. In case you are concerned about using the trading platform, our experts found that all of the options available were convenient and self explanatory for interested customers. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. Compensation Fund per user. These restrictions ensure international regulation compliance and maintain the integrity of the platform’s operations globally. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. Strategy followers can replicate the profits generated by strategy providers, who can, in turn, earn up to 20% in subscriber commissions. IO is a cryptocurrency broker based in United Kingdom that launched its service in and offers individuals to buy and sell more than 108 cryptocurrencies. 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. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. Studying these materials could be an immersive learning experience for aspiring traders. Even so, Binance has set itself apart by offering an insurance fund for user assets. Here is a look at how simple it is to be a trader or follower on Bybits copy trading platform. Deposit fees can affect the amount of capital available for trading, making it important to choose your payment method wisely. Notably, Hodl Hodl does not require KYC verification, making it an attractive option for those prioritizing privacy and security in Bitcoin trading. On PrimeXBT, users are allowed to speculate on the price movement of various assets with Bitcoin. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. With this approach, you obtain tokens at their prevailing market price and sell them when their value appreciates, profiting from the price difference. As of late December 2022, Dogecoin price has stabilised, and now trades at an average price range between $0.

Open free account

PrimeXBT also says it offers the renowned MetaTrader 5 platform, which is available via PXBT – a partner company of PrimeXBT. 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. If used properly, margin can help boost your returns, allowing you to grow your trading account much quicker than you normally would be capable of. This model ensures fast execution speeds and competitive spreads, making it ideal for high frequency trading strategies. For those who haven’t completed any KYC, you won’t be able to access earn products and your daily withdrawal limit is 20,000 USDT. Predictions for July 2028 suggest that POL ex MATIC may reach a price of $3. But with this software, its been super easy and swift to exchange and make payments via cryptocurrency. Cryptocurrency, Forex, Indices and Commodities. Easily buy Crypto with Visa or Mastercard. The EUR/USD pair is a popular currency pair to trade in the. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. The latest leg higher in the price, which saw it briefly eclipse BONK as the Solana network’s top meme, comes as the coin listed on key cryptocurrency exchanges, including Robinhood Europe and Binance, where it recorded $219 million in WIF trades on the first day of trading. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Unlimited via Perfect Money. 07877, with a subsequent temporary rollback. Consider expert forecasts and key factors like market sentiment, regulatory changes, and broader Cryptocurrency market trends. KYC, or “know your customer” account verification. Although significantly lower – its year to date performance is a healthy triple digit – 150%, and with its thirty day performance registering an impressive 89% as of November 16th 2023. The fact that it is intended to be used by major financial players, and is getting adopted as such, means that there is a lot of room for growth and XRP remains a good investment. The customer service priority is high and that’s a good sign. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience. 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. Outside of the larger quantity of assets offered by KuCoin, the trading platform also offers superior trading fees compared to Bybit. Two provide forex and CFD services, and the third is licensed and regulated as a crypto wallet. Still, I enjoy using it very much. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

Most Secure Wallets To Start With

This will allow you to earn a commission from referring friends to the platform. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is registered in the Republic of the Marshall Islands but does not have regulatory approval from major financial authorities like the FCA or CySEC. To claim your PrimeXBT bonus of 35% on your Bitcoin deposit, just follow these steps. These include buying, selling, and storing cryptocurrencies and NFTs. Once this is done, you can log back into your account and access the trading platform and the account features. Your satisfaction is our top priority, and we’re glad we could deliver a great experience for you. Understanding the fee structure is crucial for managing trading costs and optimizing profitability. As it is calculated on an annual basis, it typically will be a very small charge per day. Sign up FREE to receive our extended daily market update and coin analysis report. Note that registration on the site is very fast, no verification is required, so you will be able to start trading cryptocurrency almost instantly. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I’ve signed up for plenty of exchanges, some for the purpose of my own investing and trading, and others so I can conduct proper reviews. Unlimited for verified users. While KYC verification isn’t required upon registration, you’ll need to confirm your identity later for certain trades. However, it should be kept in mind that swaps change over time. Cardano was late to the Crypto market compared to many others, but the altcoin Crypto asset is brimming with innovation,. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. Avoid this exchange altogether. 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. Share news via social networking sitesThe application supports you to share articles on social networking sites , you can share directly on the application or use the article link conveniently. Profit from the markets by following the experts. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. Separately, under its covesting module, PrimeXBT offers a « staking » option but it is NOT interest earning. Additionally, we provide the option for cash/fiat deposits via alternative payment methods systems in Thailand, Vietnam, and Brazil. However, leveraged positions can result in losses at a faster rate than when trading on a cash account or spot trading platform, so caution is advised.

Communication security with PrimeXBT

The strategy guarantees the prices of cryptocurrencies between exchanges. A total of 31 futures are available. You need to understand which direction the market is most likely to go and when it would be time to get out of the market if something goes wrong. The exchange recently released its tiered fee structure for those traders who do a considerable amount of volume on the platform. Stick to your budget to avoid overexposure and potential financial loss. These fees apply for positions held open overnight. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. The EUR/USD pair is a popular currency pair to trade in the. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Of course, each cryptocurrency withdrawal is still subject to the industry standard miner or network fee, but Bybit keeps these as minimal as possible. While both cryptocurrency exchanges offer trading tools like automated bots, a Peer to Peer P2P exchange, and conversion features, KuCoin enables users to earn additional money through cloud mining and lending their crypto holdings to others for interest. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. Date of experience: November 22, 2024. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. PrimeXBT is a perfect match for copy traders. Traders can experiment with how much upside reward they want to aim for. Join 1M+ traders who choose PrimeXBT as their go to trading platform. There are also custodial trading subaccounts for users who want to entrust their funds to a professional trading team. To help traders get started, PrimeXBT is offering a deposit bonus of up to $2,000 with the promo code PUMP2024, valid until 17 December 2024 TandCs apply.