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PrimeXBT Review: Key Takeaways

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. Prime XBT Trading Services, S. They can only ถอนเงิน PrimeXBT be used for trading as additional collateral for opening positions. The responsive design ensures a consistent experience across both desktop and mobile devices, with the mobile version offering full functionality without the need for a separate app download. After the simple sign up process, you then will deposit to your account to get access to the currency markets. 5 for PrimeXBT and 3. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Commodities and indexes have a larger variation in trading hours due to local trading hours. Click 3 on either of the two to open a position in the desired direction which you think the price of the asset will go. They have to deposit their first amount and enter the promo code ‘TMMBONUS’ to receive the bonus within 24 hours. Unfortunately, an Ethereum price prediction is made even more challenging by the fact that the Crypto market is notoriously volatile, and assets tend to follow each other – especially the OG Bitcoin. Security is always the no. Token holders can stake their Tezos XTZ tokens to become network validators in Tezos’ proof of stake PoS consensus method. 01%, long and short, and is calculated every 8 hours. The more generous it is, the bigger your bonus will be. It would not be an exaggeration to say that the Know Your Customer definition refers to one of the biggest regulatory hurdles in the history of crypto exchanges. This high supply means a huge market capitalization should be reached for the price growth rate to accelerate significantly. But does this design translate into an efficient user experience. 🌐 Discover all about PrimeXBT, its features, and future updates directly on their official platforms. Trade volumes of $700,000+ Crypto Futures. With over a million users in 150 countries, PrimeXBT combines low fees, advanced trading tools, copy trading options, and strong security measures, making it an ideal choice for both beginners and seasoned traders. 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. The majority of the users’ crypto assets that they keep on the platform are held by PrimeXBT in its offline storage system, also called cold storage, which ensures maximum protection. PrimeXBT presents an interface that’s both customizable and user friendly. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Learn more about Baksta’s Legal Terms. 6 months ago 309 views.

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Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. Unlimited for verified users. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. No malware, spyware, phishing or pharming links. Our PrimeXBT review found that they have added the cherry on top and provided everyone with this information. Com attracts a global audience, with significant traffic from India, the US, Germany, the UK, and Australia, showcasing its strong appeal in diverse markets and a blend of desktop and mobile users. Required fields are marked. If an asset’s price is going down, the investor loses money – either against their initial capital, or against any unrealized profits left unbooked. It’s great for both new and experienced traders. While the exchange is very easy to use overall, this type of trading is intended for experienced investors. Being so new to the market, it is no surprise that their website has taken on a very modern design. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. This can be done either through a direct crypto transfer from an external wallet or exchange, or purchasing crypto using integrated services like Changelly, Paxful, and Coinify to buy crypto with your debit/credit card or bank transfer. We use cookies to improve your experience on our site. This could lead to significant potential losses if the market moves against their position. However, insurance coverage is still rare within the crypto industry. $2,000 by bank card. Alternative Payment Methods on PrimeXBT offer traders from various regions the convenience and efficiency of funding their trading accounts using familiar, localized banking options. PrimeXBT is an award winning trading crypto exchange that also offers trading in derivatives – forex, indices, CFDs, and commodities. 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. To receive max rewards, encourage your referrals to invite more folks. MEXC supports 2,500+ cryptocurrencies and provides various advanced trading features, including spot trading, perpetual futures contracts, copy trading, and P2P trading.

Primexbt review Trustpilot

If you’ve been on a losing streak and could use some help, there is also the option of becoming a follower using the Covesting copy trading module. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. The bid ask spread on a Cryptocurrency exchange is the discrepancy between the bid price and the ask price. Choosing the right asset classes is crucial for aligning your trading strategy with market opportunities. It’s important to remember that this PrimeXBT welcome bonus is only available for new users only. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Stop losses can also be used as part of a trading strategy, where traders later move a stop loss in profit to ensure at least some profitability even if triggered. These fees are charged by the platform for facilitating your trade. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. Ro should be taken as investment advice. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Crypto Deposits: PrimeXBT offers free crypto deposits. Now, we will explore other potential fees that might be encountered on PrimeXBT. Make a deposit and enjoy a : 500$. Kraken Pro offers lower fees and is accessible to all Kraken account holders. They can also use the platform’s Telegram bot to send price alerts, open positions, executed orders, and more. Yes, bonus funds usually have wagering requirements and other conditions that must be met before they can be withdrawn. The $10,000 in prizes will be distributed as follows. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Claim your $600 Welcome Voucher for completing simple tasks on Binance. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review.

Copy Trading and Social Integration

You can also buy cryptocurrencies with debit or credit cards. Account verification is completed upon Depositing Cash. 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. 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. 👍Best regards,The PrimeXBT Team. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. PrimeXBT offers an award winning crypto futures platform that supports copy trading. Receive the latest news and stay informed.

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Get access to a wide range of trading, investing, and Crypto services from a single app. Tyler and Cameron Winkelvoss, founders behind the crypto exchange Gemini and co creators of Facebook, have predicted a «Crypto Winter» for the near term. 🌍 Global Accessibility: Operating in over 150 countries, PrimeXBT boasts a community of over one million traders. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Therefore there is no way to access the funds held there. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. It is not uncommon to see traders boasting about their platform and their win rates, only to complain about losses when a platform freezes, goes down, or has an order submission error. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Funding fees are calculated on an hourly basis and can be viewed directly on the trading platform. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Now, we have customized the trading interface a bit, and that’s how it looks like. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The reason for the runaway success of these affiliate marketers is due to the unique parameters of the PrimeXBT referral program. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. You can start using it immediately for your trading activities. 075%, but these rates can vary based on the asset being traded. My experience with PrimeXBT’s customer support was mixed. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. Established in 2018, PrimeXBT is an online global broker that allows you to trade popular cryptocurrencies, commodities, foreign currencies, and major stock indices. We’re glad that you appreciate this integrated approach and find it beneficial for your trading strategy. Date of experience: April 30, 2024. Best regards,The PrimeXBT Team. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. Gold Reef Computers are one of the most progressive and growth oriented Printing and Imaging Business in Pakistan. These costs can be fixed or variable, depending on the market conditions and the currency pair being traded.

Risk warning

Simplicity: Compared to normal trading, PrimeXBT Turbo is significantly simplified, reducing the need to have a deep understanding of cryptocurrency technical analysis, and allowing for profits by just picking the correct direction that an asset moves. After all, we asked, ‘Is Phemex legit. Doge being shorted on PrimeXBT platform. Wharton Fellowship, the Executive Leadership Council award as well as the Shils Zeidman Entrepreneurial Fellowship at Wharton. By using these orders, you can determine your cost basis. 🌍 Global Accessibility: Operating in over 150 countries, PrimeXBT boasts a community of over one million traders. Traders can even customize colors, grids, spacing, and lines on the platform. Well I’ve switched to C. But, alas, all articles are still only available in English. Stellar Lumens are presently the cutting edge financial connectivity the working world is being offered. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Com, and we’d be happy to assist you. 🚀 Visit PrimeXBT today and start your journey towards smarter, more profitable trading. 01 BTC, you cannot claim the 35% bonus. Twitter: aylerTBMLinkedin. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities.

Step 1: Setting Up and Funding Your Account

You can only withdraw fiat using the same payment method you used for deposits. 39, an average of $1. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. ICOs can be compared to Initial Public Offerings IPOs in the stock market, but with some key differences. 🌍 PrimeXBT restricts services to specific countries, ensuring compliance with IP checks and residency confirmation during registration. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. A New Frontier in Blockchain Communication. Good platform to learn how to trade. PrimeXBT platform has tools necessary for me and this is the most important thing. Implementing stop loss orders based on technical analysis or market volatility helps mitigate losses. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The copy trading team collects the data on the most profitable strategies created in September 2022. However, the absence of custom price alerts was a notable drawback. Both rising market cap and daily trading volumes seem to reflect market sentiment now strongly driven to buy XRP with the hopes of an optimistic XRP coin price prediction by the experts.

🆕 Revenue Sharing and how it works on HollaEx®

We do not recommend investing money you cannot afford to lose. To better understand the whims of the market, one needs to consider that the market is a collective group of other speculative investors and traders. ONTUSD is trading within a Channel Up on the 4H chart since he January 3 bottom. Here’s a clear breakdown of all PrimeXBT fees and commissions. If you have lost it, you can always contact the PrimeXBT support to reset it for you. The Affiliate program will allow you to receive payouts of up to 50% of all trading fees paid by your referrals and is a great way to build a network of referrals and profit from their trades. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. In the next section of this PrimeXBT review, we will look at the key features of the platform. Visit our Help Centre. Additionally, PrimeXBT supports the trading of Crypto BTC trade pairings. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Deposits and Withdrawals. Switchere is a cryptocurrency broker based in Lithuania that launched its service in and offers individuals to buy and sell more than 10 cryptocurrencies. For example, the withdrawal fee for Bitcoin is typically 0.

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Plus, PrimeXBT has low fees, so it’s affordable for everyone. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. Suite 1, Second floor, Sound and Vision house. Platforms available are proprietary PrimeXBT platform and licensed Convesting platform for PrimeXBT copy trading service. In the result of our compliance team or any PrimeXBT team member discovering a user has provided misleading information about his or her residency, the user will immediately have their trading account restricted. This will help Tradersunion. We appreciate your support, and we’ll keep working to bring you the best trading experience. 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. Crypto market analysts and speculators also regularly come up with targets for Cardano’s price. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. During a bull market, POL ex MATIC often benefits as people look for reliable projects like Polygon. 2 of PrimeXBT’s Terms and Conditions. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

TABLE OF CONTENTS

The leverage on altcoins and indices is up to 100x, while traders choosing Forex and commodity pairs enjoy leverage of up to 1000x. I opened this long position with a tight stop loss. And this «trend» can be seen in many other places online, so it seems this broker / exchange is a polarizing one. Also, PrimeXBT follows Anti Money Laundering AML standards closely. Choose PrimeXBT for a versatile and user friendly payment experience. Depending on your trading style, long term might represent a different time horizon for you. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. COV tokens used to pay for trading fees are burned. LIQUIDATION can occur if Available margin in your Trading account drops to 0%. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. This guide outlines the steps for depositing via Perfect Money on PrimeXBT for a seamless transaction process. Here’s a detailed overview of PrimeXBT withdrawal fees. This leaves Volet and Perfect Money as the alternatives. The charts also support dragging to quickly adjust TP and SL levels, and we always like this convenience. At this point, the total investment is $12,000. However, you are looking to profit off of the fall of an asset, it can only fall so far. Now, let’s consider a contrasting scenario where a trader, fueled by FOMO fear of missing out, rushes into trade positions without proper planning or use of any technical analysis. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. I have no bonus found. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website. The 10 Best Cryptocurrency Brokers and Platforms – Rated and Reviewed. PrimeXBT integrates TradingView charts, which is a nice feature. Industry trends, competition, and analyst recommendations further sway investor perceptions. Detailed margin and leverage values for each crypto pair are specified in myAlpari in the «Crypto Futures» section. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. PrimeXBT adjusts leverage limits based on market exposure. If the GBP/USD pair moves from 1.

Country:

For example, the DOT market cap was at $3. Next, we will look at overnight financing fees, which apply to positions held open overnight. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. Click ‘Deposit’ and follow the prompts. Regulatory requirements and restrictions can have a significant impact on traders using PrimeXBT. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. In fact, most professional traders will cut back the size of their trading positions when markets are swinging around wildly, making sure to take care of their risks far ahead of worrying about their profits. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. Returns or profits may be subject to capital gains tax. 🌐 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. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Based on regulation 5% researching and evaluating licensing for exchange by respective institutions. It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. On the upside, there are no minimum deposits, and you can engage in copy trading with lightning fast execution speeds. On the upside, there are no minimum deposits, and you can engage in copy trading with lightning fast execution speeds. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT Bonus 200 is a special bonus on the PrimeXBT platform, offering traders an additional $200 on their trading account after making a specific deposit.