PrimeXBT Trading’s Post

This means a daily rate of 0. It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. Dear Luis,Thank you for your positive feedback. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. 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. This method effectively measures the capability of customer support to assist both active traders and casual investors. PrimeXBT offers the trading of cryptocurrencies like XLM at up to 100x leverage. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. 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. The required margin is different for each trade, so make sure your account is appropriately funded. Remember, these deals are subject to change and may have certain restrictions. These services are governed by the legal terms and conditions of PXBT. It is based in Victoria, Seychelles. These products may not be suitable for all investors. These restrictions are often related to strict anti money laundering AML regulations, know your customer KYC requirements, and other compliance standards aimed at preventing financial crimes. Information regarding past performance is not a reliable indicator of future performance. This means your earning potential is enhanced with PrimeXBT. The minimum withdrawal amount on PrimeXBT typically aligns with the minimum transaction limit for the cryptocurrency being withdrawn, which is often equivalent to around $10 to $20 USD in crypto value. Additionally, you can choose to receive email notifications for logins and liquidations. Today, many brokers offer copy trading with a variety of features. The main tool for trading in PrimeXBT is a web platform with built in market analysis tools. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. Description: EOS is an “Ethereum killer” built by Block. By being aware of these common mistakes and taking steps to avoid them, you can maximize the benefits of PrimeXBT bonuses and enhance your trading performance.

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We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You’ll need to open the email and click the link. Cross margin offers the following advantages. These products may not be suitable for all investors. 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 content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. By rejecting non essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Completing the verification process involves submitting personal information and documentation. Jupiter Exchange Token JUP. Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Both PrimeXBT and BitSeven offer a range of trading options to cater to different trading strategies and preferences. The daily withdrawal limit on PrimeXBT without KYC is $20,000. If you have any more questions, feel free to reach out at. Com and use this Primexbt coupon for your purchases. However, it has become standard on most trading platforms. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Of contracts x value of each contract x closing price – opening price. You should also remember that price predictions often turn out to be wrong, and that prices can, and do, go down as well as up. Bank grade security must be the backbone of any platform’s infrastructure.

A Better WayTo Trade

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. The other newly listed cryptos include Elrond EGLD, Polygon MATIC, Stellar XLM, Axie Infinity AXS, NEAR, SAND, Theta, Algorand ALGO, VeChainThor VET, TRON TRX, TEZOS XTZ, Terra LUNA, FTX FTT, FileCoin FIL, and Monero MNR. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. While I appreciated its user friendly interface, it does face the common limitation of all trading apps: the challenge of analyzing price action effectively on low resolution devices. Get access to a wide range of trading, investing, and Crypto services from a single app. Follow us to get the latest PrimeXBT coupons on Reddit. This section will provide a detailed list of the countries where PrimeXBT is restricted, explaining the reasons behind these restrictions and the impact on traders from these regions. Here’s a quick overview. In order for this to work, the broker requires small collateral for the loan, which can be as low as 1% of the position size in case of a 100:1 leverage ratio. During my PrimeXBT review, the in house copy trading service stood out. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. These services are governed by the legal terms and conditions of PXBT. Below are some tips to help you get started. Many of the solutions hosted on Ethereum are cryptocurrency market related, including cryptocurrency exchanges, wallets, crypto funded loans and NFT marketplaces. Currently, PrimeXBT charges a very low flat fee of about 0. It would be best if you used a stop loss when trading any financial instrument. The Bitcoin Cash fork in 2017 helped drive Bitcoin price to all time highs and take the rest of the crypto market with it. 100% leverage means that you are using your total allowable margin. User Friendly Interface: The interface is intuitive, making it easy for traders to navigate and execute trades efficiently. 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. Oil trading is one of the most popular ways और देखें to play the global economy, as the oil market is considered. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts. Additionally, we provide the option for cash/fiat deposits via alternative payment methods systems in Thailand, Vietnam, and Brazil. 1 BTC and your balance would be 1.

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After reading many of the reviews online and testing out the platform myself, it is evident why this platform has accumulated some awards and has attracted millions of users, there isn’t much fault to be found here. We’ve got you covered with access to 100+ global markets on one platform. Moreover, users can conveniently transact in US dollars. This transparency helps you choose a trader you’re confident in copying. However, the platform does reserve the right to request details should a transaction be flagged as suspicious. As an example; If you deposit 1 BTC, you will receive a bonus of 0. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. 01% and a taker fee at 0. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. The broker developed its proprietary trading platform, PrimeXBT WebTrader, which also has a mobile version. Date of experience: July 30, 2024. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. This Crypto signals Telegram group, is a place where people share market analysis, Crypto industry news, risk management methods and. PrimeXBT provides traders with a user friendly web based trading platform and mobile app. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Any withdrawal requested after 12:00 UTC will be processed on the next day. Everything is well laid out, not cluttered, and easy to find with intuitive drop down menus. The broker also offers crypto futures on its other trading account. If you have any questions as you begin trading or need further assistance, please don’t hesitate to contact us at. So, why are so many traders choosing to navigate these uncharted waters. Information regarding past performance is not a reliable indicator of future performance.

Has PrimeXBT ever been hacked?

Therefore, non English speaking clients are recommended alternative resources for gaining knowledge by Support managers. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. Understanding the potential savings and incorporating promo codes into your trading strategy can lead to substantial cost reductions. When buying, you will get the Ask price; when selling, you will get the Bid price. Most importantly, its trading services offers privacy for its clients by pairing up with multiple anti laundering services across the globe. PrimeXBT’s focus on functionality makes it ideal for traders who require advanced tools and features to implement their strategies. Start small and gradually invest your funds in social trading, and do not risk more than you can afford to lose. This transparency helps you choose a trader you’re confident in copying. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. However, there’s a demo version for new users who are unsure about using the exchange. PrimeXBT offers advanced trading features such as margin trading, leverage, various order types, and a wide range of asset classes, including cryptocurrencies, forex, commodities, and indices. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. While PrimeXBT has received positive feedback, users have also raised concerns and issues that the platform needs to address. CFD fees may include a commission for trading various financial assets with some brokers. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. We’re delighted to hear that you find our platform convenient for trading both crypto and forex pairs. Forexovernight fees have been slashed to around 0.

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Visit PrimeXBT Platform and get 35% on Your First Deposit. This emphasis on security provides users with peace of mind, knowing their investments are in a safe and secure trading environment. Kraken is accessible in 48 US states with KYC and is regulated and licensed by FinCEN in the USA, while PrimeXBT is not. You have to refer the platform to your friends and family and when they sign up at Primexbt, then you are awarded in cash for this. PrimeXBT Trading Services, S. CFDs are available for any market, including traditional and digital assets. To put it into perspective, consider the following examples. During this process, ensure that you are entering the correct API key and following all security prompts. 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. You can download the PrimeXBT App from the Apple App Store for iOS devices or the Google Play Store for Android devices. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. I know it’s about the choice, but why do anybody needs so much assets. Residency confirmation procedure. And the more important question hanging over anyone making a DOT coin price prediction, is will continue into 2024. So please contact us again at. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. The interface avoids unnecessary clutter, emphasizing speed and a focused trading experience. Here are some options you may consider. The features and fees provided by the exchange are extremely competitive and promising. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model.

How often do I have to pay funding fees on an open position?

The only necessary thing is an Internet connection because it can be run from any browser. I tested both versions and found that they offered a smooth trading experience without any significant compromises. Traders can visualise trends, spot support/resistance zones, and identify patterns faster to find more opportunities. The fee is applied in addition to the spread. With Copy Trading for beginners and advanced margin trading tools for the experts, there’s something for everyone. Canada, Japan, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, and others listed on the website. Sometimes, the broker will allow you two levels to execute within, meaning there is some tolerance for slippage or the move against you getting worse to ensure you get out of a losing trade. The Bitcoin Cash fork in 2017 helped drive Bitcoin price to all time highs and take the rest of the crypto market with it. From beginner guides to advanced trading tutorials, there’s something for everyone. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. I don’t know of too many platforms that offer a robust plethora of tradeable instruments like PrimeXBT. The amount of margin depends on the trading asset, for example. I also like their security measures which assure me my account is cyber attack free. As a broker primarily geared towards crypto trading, PrimeXBT offers rock bottom BTCUSD spreads and high maximum leverage of 1:200 for crypto. This gives a leverage ratio of 10:1. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Additionally, withdrawals to a bank card come with a hefty 5% fee.

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They might choose to trade Crypto with an excessively high leverage ratio based on emotions rather than a calculated strategy. Crypto markets are heated as the US elections end. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Our human support team is here to help 24/7, in your language. Bybit on the other hand supports crypto withdrawals for over 300 cryptos and all major networks. Please note that the availability of these payment methods may vary depending on the user’s location. Returns may be subject to tax. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. Upon registering, users automatically receive a BTC margin account. Receive the latest news and stay informed. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on.

Risk warning

I also like that although the charting interface looks and functions the same, traders need to switch between margin, spot, and derivatives trading, which in my opinion, keeps things more organized and less cluttered, helping to ensure traders don’t accidentally trade the wrong market. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Although the Forex market is open 24 hours per day, it’s not always active. PrimeXBT clients can fund their accounts using bank cards, e wallets, or cryptocurrencies, while withdrawals are exclusively processed in crypto. Therefore, it is crucial for investors to understand the maintenance margin concept and ensure that they stick to the required level of equity in their margin account at all times. There is a financing charge at the end of the trading day, which means you will be charged for funding your trade, which is typical of financial markets globally. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. Key features of PrimeXBT Copy Trading include. These are all definitely qualities a beginner looks for in a product when entering crypto trading. For more information, please see our Cookie Notice and our Privacy Policy. Once you’re set up, you’ll receive your private key for your personal deposit account. PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. So you can see the benefit of following them. On Prime XBT, investors can utilize historical data combined with advanced forecasting tools to project long term returns. Accounts are based in BTC, ETH, USDT, and USDC for the greatest possible flexibility for margin management.

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The coin was initially meant to be a joke because the inventors, Billy Markus and Jackson Palmer, were trying to mimic Bitcoin. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. Overall, PrimeXBT combines advanced security features with user friendly options to offer one of the most secure trading platforms available. To take advantage of and claim the Welcome Bonus offer. This is better than the other futures exchanges such as BitMEX for example. There have been no reported hacks or security breaches in the exchange’s history. Several key analysts have predicted that Dogecoin will outperform Bitcoin in this market cycle owing to its historical performance and community driven momentum. Jito Staked SOL JITOSOL.

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Users can deposit cash directly to their Cash Wallets on PrimeXBT from. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. To resolve withdrawal issues, check the status of your request, verify withdrawal limits, and ensure your account is fully verified. If the app is unavailable in your region, you can still access it through direct download from our site. This is where the concept of margin comes into play. Of course, being affordable isn’t the only benefit of trading with primexbt. We’re thrilled to hear that our support team was able to assist you promptly and effectively. PrimeXBT offers a comprehensive one stop solution that supports the trading of Crypto, Fiat, Commodities, and global Indices. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Social media channels of PrimeXBT, such as Twitter and Facebook, are also good resources for catching announcements about special offers and events that might include promo codes. Users can deposit, withdraw, exchange, and transfer Crypto. Also, it seeks to offer ultra fast order execution < 7. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. You then multiply 60 points by two CFDs to get a profit of $1200. Below is a summary of PrimeXBT features that require KYC verification. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. After a flow and ceiling level has been established, a trader can know the right time to create or exit a position. As a digital asset designed to facilitate fast, low cost international money transfers, XRP has garnered significant attention from both individual investors and financial institutions alike. In turn, this risk management approach may lead to a more consistent and stable return on investment. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. BTC price plummeted by 78% to $15,000 in late 2022 after a series of bankruptcies and insolvencies in the cryptocurrency industry. By continuously learning and adapting to market conditions, traders can stay ahead of the curve and improve their short selling performance. MEXC is a cryptocurrency exchange that stands out for its active investment in new projects and lesser known cryptocurrencies. In order to guarantee that traders can receive support whenever they need it, PrimeXBT offers extensive customer support. 4 million operations per second.

Important Notice

Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. Our human support team is here to help 24/7, in your language. It seems many are jumping off the sinking ship with more than $135M of funds withdrawn from the platform in only a week since news of the investigation broke. Here is a more accurately reflective list of what’s popular across the crypto market. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. PrimeXBT has never suffered a hack or security breach during its operational history. Depending on your jurisdiction, some products or services might not be available. At PrimeXBT, we’re committed to empowering your trading success. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator.