◾️What is the minimum and maximum investment per trade?

Its intuitiveness and simplicity provided a pleasant trading experience. Here are 8 tips for PrimeXBT limited writing great reviews. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. Partner services include. Unfortunately, not all crypto exchanges are safe or reliable. PrimeXBT provides a flexible margin system, allowing traders to choose their preferred leverage level. US users could unofficially access PrimeXBT using a VPN since KYC is not required, however this does put the user’s funds at risk significantly since assets could be frozen to ask for verification, and users from the US are technically banned as per the terms of service. This article provides a comprehensive PrimeXBT review. To add funds to PrimeXBT, log in to your account, navigate to the «Deposit» section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account.

Copy Trading

While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. CFDs are what we offer at PrimeXBT. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. In total, participants of the copying service can have 4 levels: Standard, Advanced, Premium and Elite. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. For fiat, just go to the main page of your account, then navigate to the Wallets section, click ‘Withdraw’ next to the currency wallet, and select the method to proceed. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. These services are governed by the legal terms and conditions of PXBT. First and foremost, anyone considering investing, trading, or putting any capital on the line at an exchange or trade platform should first review the list of assets and/or trading instruments. That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. PrimeXBT allows users to trade BTC pairs of altcoins, like EOS, Ethereum, Litecoin, and more. PrimeXBT’s competitive fee structure is designed to be cost effective, especially for high volume traders. 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. An on chain analysis is done using data collected from blockchains. Alternatively, you can overview the ‘Margin impact’ field to automatically calculate the amount of margin you need to open a new position. Traders must be aware of this risk and use appropriate risk management techniques to protect their capital. The Dow closed under 30,000, down 4. PrimeXBT’s trading engine works well, but they have less automated order settings.

Ready to put your insights into action?

PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. The trading user experience on PrimeXBT is designed for both new and seasoned traders. After activation, the bonus will be credited to your account, either as trading capital or a discount on fees, depending on the type of bonus. Open the downloaded file and tap Install to complete the installation. Everyone can start copy trading by opening an account with a copy trading provider, choosing a trader, and clicking «follow». The alternate scenario is that the price of Company ABC drops from $25 per share down to $20 per share. This means, you should never allocate your entire trading account to the margin, as even small price movements against your favor can lead to the infamous «margin call. A buy and hold strategy is also called HODLing in Crypto, which means the investor is buying spot assets and holding them under any circumstances. There is no ‘rule’ as to how they have to be placed, but depending on the situation, there are a few general guidelines that traders and platforms tend to stick to. Next, we will discuss the minor and exotic currency pairs available on PrimeXBT, highlighting their characteristics and trading opportunities. The Merge and the switch to the new «proof of stake» mechanism opened the door to greater scalability and increased security for the system. To start your comparison, you need to pick out the exchanges you want to put head to head.

ProBit

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. Additionally, PrimeXBT uses advanced security measures to safeguard user information and funds. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Get the latest news and information from Dr. Trading involves risk. 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. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. Embark on a collaborative trading journey with PrimeXBT copy trading feature. Overall, Coinbase has built a reputation as a secure, user friendly, and reliable platform for cryptocurrency trading and management. If these emotions govern their decision making, the market prices can be affected. Registration on PrimeXBT is free and takes only a few clicks to begin. Areas for Improvement. Learn more about Baksta’s Legal Terms. ‍Hodl Hodl is a decentralized peer to peer P2P exchange exclusively for trading Bitcoin BTC. With just a 1% market move, you could either double your position’s value or liquidate it with isolated margin. The trading interface on Bybit is quite standard in comparison to what you will find on many of the top tier exchanges as it has proven to provide a great trading experience with loads of functionality. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. The Stellar supply was set to grow 1% per year but later this inflation mechanism was removed due to community vote. Hello Zwelakhe,Thank you for sharing your experience. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. The data listed below may be used to monitor your activities across other applications and websites not owned by the company. Despite all of the protocols, suppose a hacker were to get access to your password. These contests allow users to test their skills, strategies, and knowledge in a competitive environment while having the potential to win real prizes.

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As the market trended down, the price reached my stop loss, triggering and executing the order as expected. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. It’s a win win for everyone. Visit our Help Centre. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Regulatory requirements and restrictions can have a significant impact on traders using PrimeXBT. Our platform employs a variety of security measures to protect user funds and data. Scan this code to download app. Due to recent market changes, we are delisting KLAY/USD for CFD platforms, and KLAY/USDT for CF platforms. Of course, the disadvantage is that if markets move against you, it can negatively affect your remaining capital or realised P/L. The transactions made with cryptocurrencies happen on the blockchain. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. The platform also provides competitive fees, robust security measures, and a user friendly interface. To withdraw crypto, go to your Account’s main page, click «Withdraw,» and select the crypto asset. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. If you want to get the most out of the platform, then there are so many things to get used to and understand. If a trader makes a mistake and their position goes against them, a stop loss will be triggered, or traders can manually closeout at a loss. Learn more about Baksta’s Legal Terms. Here’s a detailed overview of PrimeXBT withdrawal fees. Dive into weekly trading contests with virtual funds for a chance to win rewards up to $10,000.

How to get listed on PrimeXBT?

Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. The responses were fairly detailed but lacked accuracy in addressing all queries. While they blame it on the complex volatile market, it’s all gone to their own brokerage company. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. With its user friendly interface, convenient features, and continuous innovation, it appeals to both new and experienced traders. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day. Prime XBT Introduction. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 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. Returns or profits may be subject to capital gains tax. 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. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. This approach helps prevent fraudulent activities and ensures compliance with regulatory standards. It’s popular and reliable. The calculation of performance fees is based on the high water mark principle. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. 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. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. The Fee Reduction Bonus is a bonus that provides users with a discount on trading fees and overnight financing charges on the PrimeXBT platform. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Enable One click trading: enable/disable available trade modes;. To trade Cryptos, go to the Trade dropdown menu and select CFD Trading and your trading account. $20,000 or equivalent for unverified users.

Risk warning

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. Visit our Help Centre. We’re happy to hear that you find our platform user friendly and helpful, especially as a beginner. Here are the main steps for activation. An individual’s strategy will depend on their trading plan and investment goals. You will also be told what features the password must have to make it secure enough. Contact our support team via live chat. They have always taken preventive measures to make sure their platform offers optimal trading security. The platform provides a variety of free deposit options for both crypto and fiat. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 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. Join PrimeXBT for flexible trading options tailored to every trader’s needs. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator.

4 2

Only for verified users. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. If the trader were looking to sell those same shares with a limit of $12. You can download the following account statements from PrimeXBT. If there is a match here we go. PrimeXBT does not accept customers from countries such as: Japan, Canada, Cuba, United States, Israel, New Zealand, Syria, Iran, North Korea, Sudan, American Samoa, Russia, Myanmar, Outer Small Islands of the United States, St. The first phase targets the $10 $11 range, which DOT has now entered. Personal Information Protection Manager and Other Personnel in ChargeUsers may file any complaint in relation to personal information that arose while using the service of the Provider to the personal information protection manager or the division in charge. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. The easiest way to picture margin trading is by using division. Learn more about Baksta’s Legal Terms. 🌟 Hey there, curious investor. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Circulating supply is 979133700 DOGE. Once completed, you will be automatically logged in to your PrimeXBT account. PrimeXBT review is an emerging cryptocurrency exchange based and registered in Seychelles. PrimeXBT’s tiered account structure ensures that traders of all levels have access to the tools and resources they need to succeed. The company’s Ahrefs Rank is 48,799, and the Website Domain Rating is 74 both of these metrics are deemed as very good. Anyone who can create a proper strategy and employ risk management strategies can find success regularly. This comprehensive document provides detailed information about the different types of partnerships, the rewards, and how to get started. The system will automatically display the potential profit that can be earned once an investment amount is entered. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs.

CoinCall Review : Should You Use this Exchange?

According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. The company’s Ahrefs Rank is 48,799, and the Website Domain Rating is 74 both of these metrics are deemed as very good. 08%, and Ether fell by 30. This shouldn’t be surprising, considering Cardano’s creator is none other than the co founder of Ethereum, Charles Hoskinson. Even so, Binance has set itself apart by offering an insurance fund for user assets. If a deal is held open overnight, there is an additional charge of an overnight fee. Yes, many exchanges are designed with beginners in mind, offering intuitive interfaces, demo accounts, and educational resources. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The required amount of margin depends on the leverage ratio you want to use in your trades, and you always need to have enough free margin in your account to withstand the negative price fluctuations of your leveraged trades. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools.

5 0

Security is a top priority for PrimeXBT, and the platform employs a range of measures to protect your funds and personal information. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. Deposits of digital currencies from an external wallet are free. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Deposit Purchase crypto via bank card or transfer via third party companies. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The other question is about APIs, are you going to release REST APIs soon or is it not your priority. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Like many exchanges, Bybit has different individual KYC levels users can opt to complete, including Non KYC, Individual KYC Level 1, and Individual KYC Level 2. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. This PrimeXBT Crypto Futures review will complement our previous review, and should simply give you more info about the company than you had prior to reading. Castries, Saint Lucia. Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. There is also no news of hacks and funds being stolen from the crypto exchange. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. This product is an excellent passive income and can work great even for newbie traders yet to master leverage trading and covesting but still want to make some money with their crypto. 001674 it saw a staggering trading volume of 222. I will try to simplify it for you. Track your earnings in real time. It was challenging to get Ethereum when the initial offering happened, but today it can be bought quite easily with just a few clicks. 🚀💡Don’t wait—opportunities don’t last forever. For a complete list of restricted regions, refer to Section 1.

1st Lucky Draw Rewards Distributed

PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. To celebrate our recent revamp, we’re excited to announce our exclusive Revamp 2024 Trading Contest. PrimeXBT makes sure withdrawals are quick. Browse the forex broker websites and identify the legit and fraud brokers accurately. 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. However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours. Carefully selected industry experts contribute their real life experience and expertise to BitDegree’s content. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post halving rallies. Here’s a breakdown of the key points to consider. Trade Crypto Futures Contracts incl. You can short SHIB either through the perpetual futures contract markets or the PrimeXBT CFD markets. 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. This is a gain of $2. Also, there are no fees for depositing cryptocurrencies. By following these steps meticulously, users can avoid potential issues and enjoy a seamless trading experience on PrimeXBT. At the time of writing, PrimeXBT charges a very low flat fee of about 0. Please reach out to us at. So, why engage in trading with them. For one, Bitcoin was designed by the pseudonymous Satoshi Nakamoto, that is presumed deceased and had noble reasons for creating cryptocurrency that will be explained under the below concepts section.

Worse

Information regarding past performance is not a reliable indicator of future performance. 2024 00343, having its registered office address at PKF Corporate Services Ltd. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Promotions for free plans often available. The complex interface is unsuitable for inexperienced traders. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. In our opinion, the lack of round the clock withdrawal can create certain inconveniences for clients, and this is a disadvantage of this exchange. Should you have any more queries or need further assistance, please feel free to reach out to us at. 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. On PrimeXBT, trading fees are categorized into two main types: maker fees and taker fees. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Claim $100 by depositing a minimum of $500 within your first 48 hours. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Cryptocurrency trading has become increasingly popular in recent years as more and more people look to cash in on the volatile but potentially lucrative market. The tool features a proprietary «risk scoring» system that helps investigators uncover and monitor potentially malicious activities. Our human support team is here to help 24/7, in your language. Changelly supports over 500 cryptocurrencies, including major assets like Bitcoin BTC, Ethereum ETH, and various altcoins. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. It is designed to appeal to both high frequency traders and those making occasional trades. As they fall, so does SHIB. 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.

Worse

For those who enjoy more control over their leverage, choosing the isolated route is ideal, as it allows for more precision. The strategy relies on quick execution and often involves high volatility. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. PrimeXBT charges a fixed fee for each cryptocurrency withdrawal to cover the transaction costs of the blockchain network. The platform’s robust security infrastructure ensures a safe trading environment for all users. Returns or profits may be subject to capital gains tax. Identifying the right target audience will help you to tailor your content more properly. Buying and holding a Cryptocurrency takes the least effort and expertise and forgoes a lot of significant risks. Chart candles on PrimeXBT reflect the Bid price of an asset. It would literally take over the financial world at that price. Unlike most exchanges today, KYC verification is optional on PrimeXBT. No, PrimeXBT does not currently offer any services to residents of the United States. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Verification usually takes up to 2 minutes, after which your account status will be updated to ‘Verified’, and your withdrawal limit will be automatically lifted. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Brand operating since. However, PrimeXBT pulls away from its competitors in the cryptocurrency exchange industry through its range of CFDs extending beyond cryptos. Shares of the ETF will be created and redeemed in large baskets exclusively by Authorized Participants, typically broker dealers. 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. Overall, the PrimeXBT Covesting feature is useful. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. By understanding the different verification levels, you can make an informed decision on which level is best suited to your trading needs. PrimeXBT has partnered with Covesting, a licensed DLT services provider, to offer features like copy trading and yield accounts. 10 on 2 September 2021, ahead of the Alonzo hard fork, which introduced smart contracts to the blockchain. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. PKF Corporate Services Ltd. » When a trader uses the term «futures contract» they are typically talking about a particular asset, «I bought bitcoin futures contracts. Receive the latest news and stay informed.