PrimeXBT Reviews and Product Details

PrimeXBT is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds and transactions. Initially introduced in 2018, PrimeXBT is a multipurpose one stop trading platform for cryptocurrency futures and CFDs, indexes, commodities, stocks and FOREX trading pairs. Noticing that similar services existed in legacy financial markets for trading wherein investors could pay traders to trade their assets on their behalf, Pruglo decided to create Covesting. Do not waste people’s time. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The options market tends to be favored by stock traders looking to take advantage of 100 share increments, as this is the standard contract size. 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. The currency pair that you choose can have a significant amount of influence on where you place protective and take profit orders. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 05%, while there is zero commission for forex, indices, or commodities. This margin type provides a more comprehensive approach to risk management, as any potential losses are spread across all positions. Navigation was intuitive, with all the essential tools and indicators just a click away. Because of this, there are two main ways that the average trader will access the currency markets, by trading the CFD markets or using a Forex broker.

◾️Are there any limits on withdrawals?

If you do not have this then you may have to wait for up to seven days as the broker manually resets this. Log in and add funds into your account in the promo code field by typing ‘TMMBONUS. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. This allows the trader to get in and out of positions quite easily. Returns or profits may be subject to capital gains tax. PrimeXBT and Bybit have a lot more differences than similarities when it comes to their offerings. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The platform offers a very limited range of crypto futures markets and conditional orders. Even though PrimeXBT claims that you have all of the same functionality as the browser PrimeXBT Scam Reddit based platform, you still can never replicate the same trading conditions. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. Only for verified users. There is a widget in their deposit section that can be used to buy crypto using a credit or debit card, however this adds a charge. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. Descargá la app de PrimeXBT para operar, gestionar tus inversiones y mantenerte actualizado con los datos del mercado en tiempo real. They have also designed this platform around “widgets”. Plus, our 24/7 support team ensures your trading journey is smooth and enjoyable. One thing you should definitely do is save all your documents and correspondence. Date of experience: August 16, 2024. Deposits are usually processed within a few minutes to a few hours after the transaction is confirmed on the network. Link posts for self promotion and minimal interaction with the community will be removed. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 😨 FUD is an acronym that stands for fear, uncertainty, and doubt. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds.

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To register on PrimeXBT, you need an email address and a password. Pearce currently serves as the Chief Executive Officer of Norbrook Equity Partners Limited. Those are two different approaches to managing positions, or in general, managing the whole margin on your account. The idea of buying and holding is not unique to cryptocurrency as it is common with other assets, like stocks or shares. While it’s technically possible, the cryptocurrency market is highly volatile and unpredictable. Similarly, a position of $100 would require only $0. A platform with both advantages and limitations. The following data may be used to track you across apps and websites owned by other companies. Here’s where effective risk management comes into play. PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. PrimeXBT presents an interface that’s both customizable and user friendly. You can also short a market with leverage if you wish. Find 9 alternatives, competitors, and apps like PrimeXBT from a list of Crypto Exchanges in the Alchemy Dapp Store. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Many of its competitors, BitMEX, Coinbase and ByBit, for example, only offer cryptos as tradeable instruments. Gracias por resaltar la rentabilidad de PrimeXBT y por recomendar a otros que consulten nuestras tarifas competitivas y condiciones comerciales. Date of experience: August 20, 2024. This is fantastic news for all types of traders, from day traders all the way up to those who hold very long positions. So that might need to change in the review. 0005 BTC for Bitcoin withdrawals. Click here to access the PrimeXBT invitation code to avail the new user sign up bonus. It was founded in 2018 and registered in Seychelles, with a daily trading volume of over $375 million. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. We appreciate your feedback on adding more features for analysis. Here’s how to complete the form. Investing in the Shiba Inu Crypto can be a great way to diversify your holdings. Step 1: Access Your PrimeXBT Deposit Address. 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.

Scale

Terms like 200 Day Moving Average, Relative Strength Index, and Moving average convergence divergence, as well as many others, all come into play and need to be understood and implemented in a strategy. Navigation was intuitive, with all the essential tools and indicators just a click away. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Unrecognized or Partially Recognized Jurisdictions. Risk management is important in leverage trading. However, with a historic bull run looming over the crypto market, leverage crypto trading might be a strategy worth considering right now. PrimeXBT is not currently available in the U. Key features of PrimeXBT Copy Trading include. Initial data: Resistance $200 = x / Support level $185 = y / Downtrend target = z. LEVERAGE reflects the amount of a traders own funds margin required, in comparison to the size of the position that they wish to open. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. Have you tried the latest version of our app. Optional KYC and a demo account for practice are also available. To seize this exclusive welcome bonus offer. Any withdrawal requested after 12:00 UTC will be processed the next day. The app is protected by biometrics and two factor authentication. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. Though its entire crypto offerings are limited to only 11 major coins, the exchange also offers additional BTC pairs for its coins, for both spot and margin. Its authors describe it as a protocol that uses zero knowledge proofs to allow users to provide information to a blockchain oracle without revealing sensitive information such as birthdates. Typically, these bonuses are applied automatically upon making a qualifying deposit.

Is my money safe on a cryptocurrency exchange?

Commodity fees include a commission of 0. In this strategy, traders aim to trade in the direction of the underlying short term trend. PrimeXBT allows its users to engage in trading some of the major indices such as NASDAQ 100, the SandP 500, NIKKEI 225, ASX 200, and others alike. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. In this article, we aim to provide an informed prediction on the future price of XRP XRP, one of the leading cryptocurrencies in the market. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. This is where the entire available balance in a user’s account is used as collateral for positions. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. Unfortunately, PrimeXBT is not a regulated broker. By rejecting non essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In cross margin mode, this changes since the total of all your account and your realised P/L can be used to trade and be your margin allocation simultaneously. Com also provides an interactive charting feature along with portfolio management. For security measures, and before you deposit even one Satoshi, It’s also highly recommended to enable the Google Authenticator 2FA for an added layer of security.

Société de Transport Public

🌐 In the cryptocurrency market, this entails utilizing algorithms to analyze market data, spot trading opportunities, and execute trades at speeds and frequencies beyond human capability. 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. But we also want to make that process as simple as possible. This is an order that is used to take profit on a trade that has worked out in a trader’s favor. Information written by the company. PrimeXBT is registered in Seychelles as Prime Technology Ltd. M2: Buy Bitcoin and Trade Crypto. PrimeXBT is a unique crypto exchange with a wide range of financial assets. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. It is made to be secure, private, open source, and user friendly. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. No malware, spyware, phishing or pharming links. Hourly MACD – The MACD for XLM/USD is gaining pace in the bullish zone.

Option 4: One Cancels Other OCO order

PrimeXBT’s Copy Trading program now has membership options, which offer customers a variety of additional benefits. There is also a copy trading tool called Covesting. The terminal is distinguished by its high speed operations and advanced functionalities. The ICO smart contracts were hacked, and 66% of the funds raised during the event were frozen. Technical approaches rely on existing price data and precise measurements, or the use of Fibonacci extensions. Very fast and easy withdrawals through cryptos. PrimeXBT team helped me find out details of how to use platforI’m satisfied. This means that users can insert a new panel onto any one of their desired workspaces. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. As the market price increases, the trailing stop price moves in tandem with current price move, maintaining a specified distance from the market price. Volet deposits are free, while Perfect Money charges a 1. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. For more information, please see our Cookie Notice and our Privacy Policy. At Bybit, the daily withdrawal limit is 20,000 USDT. However, it is ridiculous to think there is clarity all the way out to that timeframe. Now you’re trading futures on PrimeXBT. Bybit is an attractive exchange platform for newcomers. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. It’s designed to simplify the trading process by allowing you to leverage the expertise of experienced traders, eliminating the stress and emotional challenges like FOMO that often come with manual trading. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services. Leverage allows a trader to place bigger positions than a typical account will. To deposit PrimeXBT supported Crypto held on an external wallet, go to the Main page,. Scheduled Maintenance on Saturday, September 7th, 2024. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. The article is intended for informational purposes only and should not be considered professional advice or a substitute for specific expertise. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair.

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PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. Looking at the ratings on the App Store, the PrimeXBT app does not do well either. In reality, BTC and ETH are the only two assets at the moment that have access to x200. Users can open both long and short positions in an attempt to profit from the movement of the price, regardless of whether it’s positive or negative. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Bitcoin is undeniably the highest performer on the Crypto market with the highest market capitalization, highest average price and it garners the most interest. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Email login Primexbt notifications can be disabled from your account Settings menu. Traders can fund their accounts without incurring additional costs. As well as this, there are opportunities for earning through liquidity provision on the dex. A break beyond this resistance in the Chainlink price prediction could pave the way to the $20. Further, Solana leads in performance with a powerful 500 true transactions per. Let’s delve deeper into each issue, starting with transaction delays. The trading interface is modern, easy to use and navigate. For most traders, this is probably more than enough, but it is sure to disappoint some individuals who prefer working with smaller altcoins. PrimeXBTs limitations in the coins it supports carry over to its trading pairs that are also lacking. However, given certain regulations, there are some countries that they do not accept traders from. An on chain analysis is used to make price predictions as investors will react to news of network upgrades, reduction in token supply and the developments happening in the traditional financial sector. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Sign up free today to calculate your PrimeXBT taxes. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. Although high leverage e. To increase your daily withdrawal limit beyond the standard amount, you must complete the account verification process. Returns or profits may be subject to capital gains tax. The community is a pillar that supports any new technology. When it comes to approaching the stock market, there are so many different options across so many different countries, and. A trader’s position from closing. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders.

ADMINISTRASJON

While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. This causes a slight delay in funds being available in the account. You can download it from both AppStore and Google Play. Cryptocurrencies Available for Trade. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Currently, the platform is running a 100 USDT registration bonus. Other downsides are the lack of regulation but that’s the case with most crypto exchanges and a relatively short time in business. Finance Magnates CY Limited. Trading on this platform has helped build my knowledge and improve my skills. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. Even so, Binance has set itself apart by offering an insurance fund for user assets. If you submit your withdrawal request before 12:00 UTC, it is typically processed on the same day. Using this application is very helpful for beginners like me. The disadvantage is that isolated margin has a higher liquidation risk. Perfect if you just need to check your trades or to trade on the go. Other cons include the lack of regulatory clarity and an association with crime. Social Responsibility. Zal het stijgen en nieuwe hoogtes bereiken, of zal het onder druk blijven. We’re pleased to hear that you find our client area convenient and like the features we offer, such as manual trading, crypto buying and holding, copy trading, and participating in contests. The platform offers a multitude of advanced features, competitive fees, and robust security measures. Most of the information you can find out there on which crypto brokers allow leveraged trading to US clients is all outdated and wrong. However, if you are looking for more opportunities, a CFD broker like PrimeXBT is the way to go. 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. PrimeXBT isn’t just another trading platform; it’s a dynamic powerhouse offering leveraged trading on crypto CFDs, commodities, indices, and Forex. Can’t say that I am fully delighted by it, but these are just trifles, i guess. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. That might be the year we decide whether or not Stellar Lumens continues to exist. 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.

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Finally, PrimeXBT also runs a pretty unique medium blog. We like that the module shows top traders and their funds, track records and returns. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. Short selling, on the other hand, allows you to profit from falling prices in the market. This transparency allows users to make informed trading decisions, about which traders to follow. The company has over 40 employees, 3 offices and an average daily trading volume of over $540 million with more than 170,000 daily trades. Stakers also face protocol specific risks, including potential slashing conditions, network upgrades, or vulnerabilities inherent to the staking mechanism. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Understanding these fees is essential for maximizing your potential profits. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No.

Worse

Whether you’re just starting out or you’ve been trading for a while, there’s something for everyone. Each asset class has its own fee structure, reflecting the different market conditions and risk profiles associated with each type of asset. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Knowing when to enter a copy trading relationship comes down to finding whether or not it will be fruitful. That covers the products, but a good selection of products and features may not mean much if the platform is deplorable, so let’s cover user friendliness. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. So why settle for anything less. To view or add a comment, sign in. The great thing about PrimeXBT is that as a frequent trader you are rewarded by the exchange. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities. Or, you can copy other pro trader strategies and make money. Testing strategies risk free on the demo is a great way for newer traders to familiarize themselves with the tools and order types. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Will Ethereum and its layer 2s have decoupled from the Bitcoin price by this point. Regulation is a crucial aspect – Bybit is regulated by the authorities in Cyprus, offering an additional layer of trust for users wary of the typically unregulated nature of crypto exchanges. 5 most popular PrimeXBT alternatives based on 0 customer reviews. Have you tried the latest version of our app. ” If you have a live account, you would see a list of positions with the following columns for each: symbol, position ID, time and date, side, size, fill price, current price, take profit, stop loss, and P/L.

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Marinade Staked Sol MSOL. They are based in the Seychelles and St. There are no deposit or withdrawal fees charged on FTX. Yet, where does copy trading fit in this complex equation. Day trading is quite fast paced as trades are held for minutes or hours, which requires active trade management or strict risk management rules. Unfortunately, futures markets are not as flexible as CFD markets because they are standardized contracts. 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. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming.