How PrimeXBT works

I mean the variety of assets are really a lot. During testing, I received fast responses with a reasonable level of detail. Unlimited via Perfect Money. 12 milliseconds on average. I also tested the fiat withdrawal process, using Volet. Direct Crypto Deposits. All prizes are in the form of trading bonuses, which traders can use as margin to open positions in actual trading accounts. This is one of the main advantages of PrimeXBT. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Go to Settings > Security and enable Install from Unknown Sources if prompted. Follow the same steps to trade Forex, Commodities, or Indices. 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 https://cryptoprimexbt.com/leverage-and-margin/ Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. These services are governed by the legal terms and conditions of PXBT. Date of experience: September 28, 2024. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. PrimeXBT supports several order types, including market orders, limit orders, stop orders, and trailing stops. Even a small price movement that goes against your favor can completely wipe out your account if you overtrade. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. PrimeXBT and Bybit have a lot more differences than similarities when it comes to their offerings. When used correctly, a sufficiently margined position will amplify positive market movements, multiplying potential profits.

🌟 Why Choose PrimeXBT?

The status of a withdrawal can be checked in the ‘Transaction History’ or ‘Withdrawal’ section of your account. Cross chain compatibility. Still, you will need to decide which Cryptocurrencies you would like to trade. Click Download and confirm the file download if you see a warning. PrimeXBT Special provides a variety of promotions such as a Special Welcome Gift of $100 for your initial deposit within the first 48 hours, along with bonuses up to $7,000 as you continue to advance. Receive the latest news and stay informed. 01% for maker fees and 0. G Falsifying identities to misrepresent the source of messages or transmissions;. To address this challenge, follow these steps for a resolution. Currently trading just above $20,500, it seems. However, any withdrawal requested after 12:00 UTC will be processed on the following day. PrimeXBT promo codes can be acquired through several methods. While independent analysis is useful, it is important to analyse the market sentiment to predict price swings.

Pros

Well, I was surprised to find out the commissions on crypto futures for taker 0,02% and maker 0,01% which is low and cheap compared to other crypto exchanges. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. You will then find your bonus — 7% of your first deposit up to $7,000 — credited as a reward in your trading account. Enable two factor authentication when logged in it is not set as default. KYC, or “know your customer” account verification. PrimeXBT uses a flat fee model, charging a “commission” for crypto products. It’s considered a secure and trustworthy platform and has never been hacked. Promo codes must only be used for personal and non commercial purposes. Notably, there are no trust scores from CoinMarketCap and CoinGecko.

Allow Installations from Unknown Sources:

Continuous learning is essential for improving your investment skills and achieving long term success on PrimeXBT. Trade anything, anywhere, any time. This is active and manned 24/7. Best regards,The PrimeXBT Team. Collaborating with reputable partners such as Crystal, Devexperts, Baksta, Talos, and Fireblocks, PrimeXBT ensures enhanced service and security for their users. PrimeXBT has several addresses where you can write to for various issues: legal settlement, partnership, technical support. If activating multiple promo types, it is also important to note that: – only 1 Reward promo type may be active at a time – multiple active Trade Fee discount promo types are NOT additive; only the highest active trade fee discount will be in effect at any given time If attempting to activate 2 campaigns of the same type, a notification window will pop up. 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. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. Its chart is powered by TradingView, which means you can overlay a whole host of measurement tools and patterns, as well as add indicators and change the time frame of the chart. Like any investment, a thorough understanding of the platform, its offerings, and the customer and support team is vital before getting started. REGULATION and HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. Prime Technology Ltd is PrimeXBT’s Technology Provider. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. PrimeXBT charged me a withdrawal fee of 0. This is necessary to start trading and to comply with regulatory requirements.

Autocopying in PrimeXBT: How to use it

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. 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. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Date of experience: July 29, 2024. However, it’s probably worth noting that they moved to $225,000 is an extreme prediction, with reality probably being much lower. Having a micro perspective about the market will allow you to determine your actual trading strategy. 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. This allows traders to open larger positions than they could with just their own money, potentially leading to higher profits. Yet, where does copy trading fit in this complex equation. As the cryptocurrency market continues to evolve, one topic remains at the forefront for traders and investors alike: Altcoin Season. 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. According to CoinPriceForecast, price of POL ex MATIC may hit $5 by 2040. Features like copy trading and stop loss orders make trading easier for everyone. Plus the fees are truly low, you pay only 0. Bybit lists over 300 cryptocurrencies, providing a broader selection for trading. We value your presence on PrimeXBT and are dedicated to ensuring your satisfaction. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Covesting module looks awesome. PrimeXBT also offers big rewards, like a $200 bonus for a $1,000 deposit, a $100 welcome bonus for $500, and a $1,000 reward for over $5,000 deposits. This fee applies to both market orders and limit orders. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors.

Trade

With both long and short trades, profits and losses will be realised once the position is closed. PrimeXBT packs the must have features to trade Crypto successfully. The platform has two types of fees, namely: trade fee and overnight fee. Prime Technology Ltd is PrimeXBT’s Technology Provider. For convenience, the interface has a “Connect MetaMask” button in the bottom too. However, despite the platform’s high availability, concerns about its security linger. The platform has two types of fees, namely: trade fee and overnight fee. Here are a few of them. Technical analysis is the study of price action, chart patterns, candlesticks, technical indicators, and much more. Advanced trading strategies involve sophisticated techniques used by experienced traders to enhance returns or manage risk. Understanding what a stop buy or sell order is, its various types, strategic benefits, potential pitfalls, and real life examples will empower you to make informed decisions in the dynamic world of trading. This is trading crypto futures on separate interface As for opening trading account, everything was smooth. Consequently, a favorable outcome in the approval of Bitcoin spot ETFs could propel Chainlink’s price upward, given its integral role in the unfolding narrative of institutional adoption.

Access to 100+ global markets on one platform

Prime Technology Ltd is PrimeXBT’s Technology Provider. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. The crypto market has grown significantly over the past decade, and it has even gained the attention of leading Wall Street institutions. Another important part of setting your Day Trading strategy is how you intend to manage your money, and your risk. While margin trading carries inherent risks, there are steps you can take to mitigate them. 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. Key features of PrimeXBT Copy Trading include. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. As an example of buying on margin, let us say that an investor wishes to buy 200 shares of a company that is currently trading at $60 a share but only has $6,000 in their account. Autocopying has additional advantages, which you can learn more about in myAlpari. The highest leverage offered by any trading platform across all available assets: Up to 100x on crypto assets and stock indices, up to 500x commodities, and up to 1000x on forex instruments.

Diego Sanchez

PrimeXBT’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. 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. The PrimeXBT mobile app mirrors all the functionalities of the desktop platform. In the registration form that opens, enter your email and a password. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. In simple terms, when you trade on margin, you only need to deposit a fraction of the total trade value as collateral, while the platform provides the rest of the capital. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. It does this by drawing lines on the chart from one price peak or trough to the next price peak or trough. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. On the other hand, a maker fee is incurred when you place a limit order and thus provide liquidity. We will start this PrimeXBT review with some words about the platform in general. For some reason, though, on mobile, the customer service and referral programs are hidden away on the profile icon at the top left, so in some cases, it could take a bit more digging to find the features you’re looking for. Reports: Users can view trading and transfer histories via the Reports page. My deposit was credited after 20 network confirmations, which took a few minutes. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. The UI design is sleek and simplistic with the option to add, remove, or resize widgets that you do/don’t use for the most comfortable and seamless trading experience. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading. PrimeXBT offers the following promotional offers. Had already banned cryptocurrency exchanges and crypto related fundraising methods, this ban went after traditional businesses involved with crypto services, like banks and other financial. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. Their fees are typically less than $2. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. 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. Education and Credentials: Degrees, certificates, and other educational credentials can be stored and verified on the Cardano blockchain platform. 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. To deposit Fiat currency USD, go to the Main page,. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.

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Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT runs random stress tests and security audits to ensure its network stays secure. Sometimes, it’s not too late to join the party. Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. No, US citizens cannot use the PrimeXBT account as the platform restricts access to its services for users or residents of the United States of America. At first glance though it indeed looks like the answer to the question: is Chainlink a good investment, is yes. Fundamental analysis also takes into account an asset’s overall impact on the economy, or the political issues facing the region in which the asset is derived. No, a VPN is not required to access PrimeXBT in the United Kingdom.

Unlocked: Crypto Handbook!

We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. Ethereum news should also be followed as the development of applications on the network continues. Learn more about Baksta’s Legal Terms. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. Register an account with PrimeXBT. Plus, unrealized profits and losses directly impact your free margin, which can eventually lead to a margin call if your free margin falls below a certain threshold. During the month of October, we are giving 10 traders a scarily generous $1000 trading bonus. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. 5% fee for instant deposits with a debit card, while Coinbase can charge up to 3. Definitely looking to expropriate funds. The two most dominant lending and borrowing DeFi protocols are Aave and Compound. Let’s briefly explain this concept. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. Prime Technology Ltd is PrimeXBT’s Technology Provider. Best regards,The PrimeXBT Team.

Open free account

Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. PrimeXBT has a legacy of having low fees for many of its other areas. Trading competitions are another exciting way for traders to benefit from PrimeXBT’s promotional offerings. 🚀 With options for orders, high leverage, liquidity, advanced tools, customizable charts, and 24/7 support, PrimeXBT ensures a secure experience with PIN, face ID, or fingerprint authentication. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. With a reported average daily trading volume of over $500 million, Primexbt offers ample opportunities for traders to make money. Review collected by and hosted on G2. ” Budovsky, a former U. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Such blind investment decisions, among other factors, limit Dogecoin as a perspective digital asset. 1M+ community members. In this strategy, traders aim to trade in the direction of the underlying short term trend. 05% on all cryptocurrency trades and offers a transparent fee structure. PrimeXBT empowers traders to go long or short with leverage. User Friendly Interface. Volume of $150,000 by trading CFD or Crypto Futures and get $5 on your trading account. PrimeXBT took home several awards recently, including the ADVFN award for Best Bitcoin Margin Trading Platform. Open the downloaded file and tap Install to complete the installation.