◾️Can I use third party tools for charting, e g TradingView?

What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. Got a question that’s nagging at you. Bitcoin is currently at a $211 billion market cap, while XRP’s is roughly $11 billion, representing a $200 billion difference due to Bitcoin’s first move advantage. These include regulatory news, such as China banning crypto again. Additionally, it’s recommended only to support what you can afford to lose and consider it a long term investment. Best regards,The PrimeXBT Team. As an example; If you deposit 1 BTC, you will receive a bonus of 0. OKX stands out as a top alternative to PrimeXBT, offering a broader range of crypto products and services, plus monthly Proof of Reserve releases for enhanced transparency. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. User PrimeXBT Crypto Futures reviews talk about the platform having a x200 leverage it’s something that I’ve discussed earlier, as well. 7 months ago 483 views. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. We’ve put together a list of the top 10 no KYC exchanges, featuring a balanced mix of both DEXs and CEXs. Trading involves risk. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. PrimeXBT was founded in 2018 with the goal of providing traders with easy and immediate access to a wide range of global markets from a single platform as well as all the education and tools they need to succeed, regardless of their financial experience. Expert cryptocurrency traders usually base their decision making on analysing the prices. 5x leverage means you can control a leveraged position five times larger than your initial investment. 05% for Cryptocurrencies● 0. 4903 Mayo StreetCincinnati, KY 45202USA. PrimeXBT’s flat fees work best for low volume or cautious traders who prefer predictability and budget control. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. Stay up to date on the trading activity of US Senators. MEXC is a global crypto exchange without mandatory KYC. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. For fees, Bybit follows the standard Maker/Taker fee model meaning that they charge traders a fee if they take liquidity off their books and give them a rebate if they provide liquidity to the exchange. With a daily trading volume of $375 million on the platform, the platform has seen great success in a very short time. In other words, users can leverage their existing cryptocurrency or dollars by borrowing funds to increase their buying power.

8 Ways To PrimeXBT Testimonials Without Breaking Your Bank

Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. The year 2024 will be crucial. It’s great to hear you’ve found value in the prize funds, especially with no entry fees. Ripple XRP Price Prediction 2024 – 2025: Buying XRP Before $1, Is It Worth The Risk. Yes, PrimeXBT employs robust security protocols to protect user funds during deposits and withdrawals, ensuring a safe trading environment. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. Next, we will compare limit and market order fees on PrimeXBT in detail. However, there are those who think it is a wasted cryptocurrency and not as effective as the supporters believe it is. PrimeXBT provides a very easy to learn interface. You can open an account and start trading with just your email address. However, they offer over 50 trading assets and already employ close to 100 employees. Alright, let’s cut to the chase and tackle the burning question: Can US citizens actually use PrimeXBT. Users are able to engage in both cross margin and isolated margin futures activity. Well, everything is comfortable in client area because everyting is here. Agents respond within seconds and are fairly knowledgeable. However, advances in digital technologies allow traders to supplement their organic trading efforts with automated systems based on best practices or algorithms. The predictions are all over the place, but in general, most pundits believe that the price will be higher over the next several years. 06% versus Bybit’s more maker order focused 0. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. This will redirect you to the trading page and chart of your margin account. Leverage determines a trader’s overall market exposure. Please reach out to our support team at. I cannot recommend PrimeXBT as a reliable option for crypto trading. These include things such as the colours, grids and spacing. At PrimeXBT, we are committed to ensuring our trading environment stays aligned with the evolving market.

◾️Can I use Stop Loss/Take Profit?

When selecting a deposit method, consider factors such as transaction speed, fees, Giełda PrimeXBT and convenience. PrimeXBT offers one main account type: the Standard Account. Here at PrimeXBT, we monitor credit risks carefully and liquidate them before they get out of hand. These fees are generally less common but can still impact your overall trading costs. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. 🔥 From innovative product updates to enhanced user experiences, we’ve taken major steps to strengthen our platform and expand its global reach during 2024. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. PrimeXBT emphasises tailoring the trading experience to meet each user’s individual needs, offering a flexible margin system and a highly customisable user interface. Yes, it will come down to your position sizing and how much leverage you choose to use. A Trading day is a 24 hour period which begins at 00:00 UTC and ends at 23:59:59 UTC. The broker does not charge dormant accounts with an inactivity fee. WTI is West Texas Intermediate oil and comes from the US. Also, there are no fees for depositing cryptocurrencies. No, PrimeXBT does not currently offer any services to residents of the United States. In my days of day trading traditional and crypto assets, I have witnessed too many shady forex, stock, and crypto exchanges disappear with everyone’s money or go bust, so I only trust the top regulated and reputable exchanges, and of course, DEXes.

Company details

We reward our partners with the highest and fastest payouts in the industry. 0005 BTC for Bitcoin withdrawals. For example, forum members on BitcoinTalk have accused staff posing as customers along with pointing out some interesting anomalies. Always check the details before participating. The procedure for activating the bonus is as follows. Enter the promo code and click ‘Activate’. This is just the tip of the iceberg – Tickeron also offers a pattern search engine, trend prediction engine, and real time pattern tools. 2023 was a strong year for Ethereum, as it started the year around $2500 as the markets once again entered a cool down period that started in 2022. It has materials about what Bitcoin is, how to use algorithmic trading, how to read a Japanese candlestick chart and much more. The platform supports various deposit methods, including cryptocurrencies, providing flexibility for users. PrimeXBT supports several cryptocurrencies, including Bitcoin BTC, Ethereum ETH, and other popular digital assets. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. To start interacting with PrimeXBT, you need to open an account on the exchange. 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. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. This approach ensures that traders of all levels, from beginners to seasoned professionals, can participate in the markets according to their capacity and trading strategies. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. It’s easy to fall into the trap of trading on very high leverage ratios which can push your trading account over a cliff. These factors make PrimeXBT an attractive option from a cost benefit perspective. Although oil prices just recently saw a strong pullback, triple digit oil is likely here to stay, and it is causing pain at the pump and everywhere else. I just registered for a new account and reached the page where it asks me to verify my account details and the fucking page keeps refreshing over and over again. Blockchain technology has greatly evolved from what it was when Bitcoin was created.

Security and Transparency

Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. Very High Triple A rating by Certified. ” The ability to risk so little goes a long way toward your education. And ever since the first digital currency. This support team will address any issues that you might come across on the webpage or while you are using the trading platform itself. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. This can be very lucrative for the most active users who can grow a viral network of referrals. Check website for details. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Recently, another well known trading institution, Interactive Brokers, also did something similar. In the registration form that opens, enter your email and a password. You can see that if you were long of this pair, you could have suffered significant losses if you did not protect profits, or even protect yourself from massive losses. Com are provided solely for informative/educational purposes. However, financing costs are more often than not an issue only if something wrong has happened with the trade. For enhanced security, it offers two step authentication and biometric login options. If you use this specific link you will get a very valuable FREE bonus if you meet the deposit requirements. Despite not being regulated, this doesn’t look like a scam and keep in mind that a lot of cryptocurrency exchanges are not supervised by a major financial watchdog simply because crypto, in general, is mostly unregulated. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. When using live chat, I usually received a response within 2 minutes.

Featured articles

Free $10,000 Practice Account. See more about trading fees. PrimeXBT is a CFD exchange that offers a suite of trading markets, including some cryptocurrencies. However, the broker’s educational content lacks diversity and breadth. Conflict of interest policy. A smart contract is a software program that is coded on the blockchain. It seeks to give readers a summary of Polkadot’s characteristics, advantages, and possible investment factors. It is generally recommended to store large amounts of cryptocurrency in a personal wallet, especially a hardware wallet, for enhanced security. Leverage trading, however, is like getting a loan from a friend to buy more. This can be a concern for users seeking platforms with strong regulatory compliance. Com: XRP Ripple Price Prediction: 2022 2030. This flexibility ensures that you can utilise your bonuses in a way that best suits your needs. Trade Crypto Futures Contracts incl. Learn more about Baksta’s Legal Terms. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. Don’t spend another minute staring at charts or second guessing your manual trades. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. 🔒 Additionally, we’ll guide you through the sign up process and highlight its pros and cons to provide a clear picture of its strengths and weaknesses. And that can be really useful to exponentially increase your profit margins in a bear market or even when the market is acting relatively quiet without significant price fluctuations. 29 by December if it recovers from its SEC issues. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options.

Deposit Fees

1 Once you are ready to trade with real funds, simply click the ‘Go to real’ button in the top right corner of the Turbo page to transfer real funds to your Turbo balance. Not everyone has an answer for what Bitcoin does and why it moves when it does, but with some research you can start to understand a little more what impacts it. However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Compensation Fund per user. The millions of happy PrimeXBT users would probably disagree with me on this point. Sign up is free for publishers. BitSeven charges a flat trading fee of 0. This commission comes at no additional expense to you. The exchange has licenses, but its activities can not be called officially regulated.

Restricted Jurisdictions

We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. Kathryn Davies – is a market analyst at PrimeXBT, known for her expertise in fundamental and technical analysis across various markets, including cryptocurrencies, forex, indices, and commodities. This is so beneficial for me as it’s less risky and maximizes my profit. On the other side of the market, there’s a new Layer 2 solution, PlutoChain $PLUTO that could bridge the gap between Ethereum and Bitcoin. Monday – Sunday: 8:30 AM – 7:00 PM. Anywa, i’m glad that I made profits a few times in a row by opening long positions. My deposit was credited after 20 network confirmations, which took a few minutes. Most of the funds that are held at PrimeXBT are kept in cold storage. Keep rocking those trades. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. In our opinion, the lack of round the clock withdrawal can create certain inconveniences for clients, and this is a disadvantage of this exchange. 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. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. It’s always a nice touch when an exchange includes additional material to help smooth your trading experience. In this article, we’ll explain what Copy Trading is and how it works, specifically on the PrimeXBT platform. Quite a nice and long read Primexbt review, I liked that. If you have any other suggestions or need assistance, feel free to reach out to our support team at. 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.

Automated Trading: Not Recommended

Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. It’s advisable to take advantage of all available security features to further safeguard your account. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. Because things like Bitcoin operate both as a currency and an asset, and because it is digital and very liquid, it is an ideal asset for lending. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Multi level security system, address whitelisting, + 24/7 support service. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. 6 months ago 314 views. Leverage trading amplifies both profits and losses. Change the leverage for your position and click ‘Set’.

Archives

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. The spot trading pairs on MEXC are less extensive than those on platforms such as Bybit. It can be downloaded for both Android and iOS. However, the expiry times are limited to only 1, 5 and 10 minutes, which feels like the binary options rush is in full force once again. Thanks for your support. The support team is amazing , I recently had an issue and they responsed and fixed it immediately. This profit can additionally be altered, depending on various factors, like the stake pool performance, future network changes, staked amount, rise in DOT popularity and many more. Our human support team is here to help 24/7, in your language. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. Although you will also need to provide KYC documentation, the Covesting platform lets you set a publicly viewable username in lieu of your real information as a trader and/or investor on the platform. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. When trading on margin, it’s important to fully understand the risks and benefits of leverage and to actively control your risk levels. The EUR/USD pair is a popular currency pair to trade in the. I was like, its over dudes, need to short. Scan this code to download app.

PrimeXBT:

In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Enter Details: Provide your email, create a password, and accept the terms. Generally, the thing that takes up the most time for customer support staff is KYC verifications. We’ll explore the platform’s reputation and answer the burning question everyone asks: Is it legit. The platform supports a variety of cryptocurrencies, allowing users to withdraw their funds in their preferred digital assets. Dear PrimeXBT clients,. ” This would include the idea of the ecosystem being able to allow seamless interchangeability between different blockchains. — ETFs: These are similar to index funds but trade on stock exchanges like individual stocks. The main tool for trading in PrimeXBT is a web platform with built in market analysis tools. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Seek independent advice if you have questions or do not fully understand the risks. I’ve signed up for plenty of exchanges, some for the purpose of my own investing and trading, and others so I can conduct proper reviews. Donations are extremely welcome. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. However, funds needed to cover day to day withdrawals are held in a hot wallet. It takes just a few minutes to get started. That means anyone, anywhere, can view all the transactions on a given blockchain, including wallet address and more. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals.

Supported cryptocurrencies

Returns or profits may be subject to capital gains tax. PrimeXBT accepts both fiat and cryptocurrency deposits. Margin trading is a great tool if you have a profitable trading system. Hodl Hodl functions as a platform that connects buyers and sellers directly, eliminating the need for intermediaries. Here’s where strategic planning comes into play. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. Each cryptocurrency asset offers a variety of unique benefits over one another. A service without an education resource will always be daunting for new customers and this could scare you off of the industry entirely. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Still finding PrimeXBT too complicated. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. 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.

MehmetKocaman

This is impressively fast and means that traders are less likely to experience slippage. I also like that the exchange fees are not so high it’s something I can pay without complaining. ” Price reduction of up to 55% when you buy. Regarding innovation, most Cryptocurrency networks are constantly looking for ways to add functionality and the ability to scale their networks, which will inevitably benefit investors. Is PrimeXBT Legit and Safe. Un fuerte sentido de comunidad nos define, valorando la colaboración para generar mejores ideas y soluciones. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Users of the crypto exchange can receive various bonuses and take part in contests and promotions with cash prizes.

Web3 Explorer

PrimeXBT, a fintech company established in 2018, has been gaining traction worldwide for its trading platform that offers cryptocurrency, forex, indices, and commodities trading with long and short positions, as well as aggregated liquidity from multiple liquidity providers. Anyone can view, post, and comment to this community. For traders who act quickly on market changes, these features are a big plus. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Thanks to the TradingView integration, it offers more customization and charting functionality. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. 0 standard round lot. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. PrimeXBT does not charge a handling fee for deposits; however, third party processing fees may apply, depending on the chosen payment method. Enable One click trading: enable/disable available trade modes;. Scan this code to download app. As Ethereum continues to be a foundational layer for Web3, the need for scaling solutions like Polygon is expected to grow, increasing the demand for POL ex MATIC tokens. That answer is entirely up to each individual and the information we have provided. Margin trading by extension also gives you the ability to take on more positions than you normally would, because the amount of leverage that you have via a deposit means that you can split up your portfolio into many more positions than without the ability to use leverage. If you have any questions as you begin trading or need further assistance, please don’t hesitate to contact us at. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. To fund a Margin Account. Using an incorrect deposit address can result in lost funds or failed transactions. PrimeXBT Contests provide an exciting opportunity for traders to participate in risk free trading competitions using virtual funds.