PrimeXBT

Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Refer a friend Bonus Program. 05% for most trades and providing special rates for crypto futures. I opened this long position with a tight stop loss. The process involves logging into your PrimeXBT account, selecting the desired trading pair or asset, and adjusting the leverage settings. Each will act a bit differently and will have different volatility characteristics. It has very low trading fees. The sign up process is simple, and partners can generate between $40 and $1,500 for every qualified user that they successfully bring to the platform. A very clear mobile app makes this possible. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Among the days in June, June 10 saw the highest number of wallets added, with 3,979 new ADA wallets joining the network. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x. Before you press “Confirm”, review the order. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. PrimeXBT is also hosted on AWS “Amazon Web Services” which has a proven track record for security in the industry. A proper trading strategy and planning that includes fundamental and technical analysis, relying on chart patterns, trading indicators, and market sentiment before entering a position, can improve the chances of success significantly and therefore in turn lower risk. Best regards,The PrimeXBT Team. In turn, this risk management approach may lead to a more consistent and stable return on investment. For example, if you have a $200 bonus active, activating another promo will cancel the previous one. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online.

Filing Your PrimeXBT Tax Reports

This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. © CryptoRunner 2017 – 2025. This section will provide a detailed breakdown of these fees and how they are calculated. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. This includes simple errors like misinterpreting market volume or momentum to catastrophic errors like trading in an emotionally elevated state or “fat finger” mistakes i. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. Smart Contracts and DApps: Cardano’s introduction of smart contracts has opened the door to a burgeoning ecosystem of decentralized applications DApps. They were not even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another red flag. It depends on your individual risk tolerance and experience level. Throughout my testing, the app performed smoothly without any bugs or glitches. The broker does not provide any share CFDs or lower risk securities e. We’re glad to hear that you appreciate our competitive fees for futures trading, especially when dealing with larger amounts. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. 311583 occurring before the year’s end. The content published by guest authors is not investment advice. 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.

A Better WayTo Trade

Although our support team is on hand to assist you 24/7, our other departments have differing operating hours, which you can find below. Com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Having said that, it is crucial to respect the potential damage that can come with larger position sizing. 1M+ community members. Traders can stay informed about regulatory updates by regularly checking PrimeXBT’s announcements and updates, subscribing to regulatory news feeds, and leveraging PrimeXBT’s support services for the latest information on regulatory changes that may impact their trading activities. Our Currency Converter uses live rates to provide you with the most up to date conversions. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Some traders will trade just one currency pair overall, but there is a whole world of good opportunities in the Forex markets. I had the same problem, but you can do it only manually, since Prime XBT truy cập trang neither provides API integration nor an organised CSV file. There are many cryptocurrencies available. WazirX is a cutting edge cryptocurrency trading platform offering real time market data, advanced security features, and seamless transactions. The average trading costs for the EUR/USD at PrimeXBT are. Input email of your friend. Their analysis points to Bitcoin’s historical trends, indicating that significant gains often follow halving events, suggesting that brighter days may lie ahead for the Crypto market. PrimeXBT establishes minimum withdrawal amounts for each currency to ensure transactions remain economically viable on their respective blockchain networks. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. While there are a huge amount of potentially market moving events that can fall under the umbrella of “fundamental analysis”, there are certain ones that are much more important than others. The world’s largest cryptocurrency, Bitcoin instigated the emergence of a vast industry, giving rise to countless alternative coins inspired by its design. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. They wish to hide their credentials from authorities. Margin Impact indicator automatically calculates and reflects the amount of margin which will be reserved when opening the selected position. Gemini is offering new users $15 in bitcoin when they sign up and trade $100 or more in their first 30 days. PrimeXBT has never suffered a hack or security breach during its operational history. Alternative Payment Methods on PrimeXBT offer traders from various regions the convenience and efficiency of funding their trading accounts using familiar, localized banking options. Our website uses cookies. PrimeXBT may impose trading or deposit and withdrawal limits on an account until the requested documents are provided and the CDD is completed.

PrimeXBTFeatures

Scan this code to download app. You can open an account and start trading with just your email address. The trend can also be exhibited in the short term. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. SandP 500 SDX: As the holiday season wraps up and the New Year begins, the SandP 500 remains a fascinating. Cryptocurrency, Forex, Indices and Commodities. The interface is designed with both beginners and experts in mind. 📝 Medium: Stay tuned with PrimeXBT’s Medium for crucial updates. Ethereum ETH: The most popular blockchain platform for decentralized applications dApps and smart contracts at the moment is Ethereum ETH. Trading carries considerable risk of capital loss. Some products and/or services might not be covered by the Compensation Fund. 05%, which is low in comparison with other exchanges. Visit PrimeXBT Platform and get 35% on Your First Deposit. Com does not offer any sort of financial or investment advice. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Anyone can view, post, and comment to this community. The key dates in the XRP vs SEC case are. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction.

Balances, Trading Histories, and Transfer Histories

The PrimeXBT app is a mobile application that allows users to trade a wide range of financial assets, including cryptocurrencies, forex, indices, and commodities, directly from their smartphones or tablets. This is something that you can get in your account management page under the “referral” section. Fees and security measures are compared, with PrimeXBT offering simple fees for trading and withdrawals and utilizing Cloudflare for DDoS protection. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. But, this promotional scheme can only be availed by using the promo code TMMBONUS But if you’re looking for a reason to use this code, read further. I discovered that PrimeXBT’s swaps are low to average compared to the industry benchmark. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Remember, margin trading is not suitable for everyone. This is impressively fast and means that traders are less likely to experience slippage. PrimeXBT provides futures contracts for Forex FX, cryptocurrency, commodities, and indices that can be traded using Bitcoin as collateral. Claim up to $7,000 in Bonus. 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, the overall attitude of the market changed, and the strategy did not. Understanding the mechanics of short selling and the potential pitfalls is crucial for successful trading. A soft fork involves a change to the underlying protocol and software making the previous blockchain blocks invalid, and launching a new chain that is backwards compatible with all nodes and assets. There are almost no disadvantages to using a stop loss order.

Step 4 – Claim Your Bonus

Mirror Trading International collapsed and its website went down meaning investors couldn’t make withdrawals. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Jane Doe, Experienced Crypto Trader. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. The transacting of business is spread out across the world and in all time zones. PrimeXBTs “Academy” is an educational resource center to help traders become more informed and confident in their trading decisions. Lystes propose une suite de solutions innovantes dédiées à la performance de votre activité, quel que soit le secteur d’activité. I always use my principle that good cooperation cannot be built without trust. It also provides a breakdown of individual crypto and US dollar balances. Sticking to trusted and well known platforms can also reduce the likelihood of encountering scams.

Leverage and Derivative Traders: Perfect Match

This is why it’s crucial to understand the heightened risk of liquidation associated with margin trading. In this article, we will explore the structure and calculation of overnight fees on PrimeXBT, providing you with the knowledge needed to manage these costs effectively. I opened this long position with a tight stop loss. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. In the world of Crypto leverage trading and margin trading, you can use two main approaches to capitalise on price movements, long trades and short trades. There’s like 10 services that track the transactions here. Unrecognized or Partially Recognized Jurisdictions. Using a PrimeXBT promo code can be an excellent incentive when signing up for a new account, as it provides you with additional benefits or discounts. BitcoinWisdom a Bitcoin price prediction that we will continue to rise during both 2024 and 2025, with a minimum price of $53,152. Agreements that both parties may self exercate after a certain period is fulfilled. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. In terms of funding an account, there are no fees that are applied to inward payments.

Risk warning

Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500. Send orders to any exchange from a single intuitive mobile first interface. Even so, Binance has set itself apart by offering an insurance fund for user assets. Receive the latest news and stay informed. According to our check in December 2019, ByBit is the 3rd largest Bitcoin margin trading broker in regard to 24H trading volume, making it one of the best online crypto trading platforms for leveraged CFD trading. Binance is considered world’s largest crypto trading platform. Yes, Coinbase requires KYC for all its users. Virtual Assets are high risk products, highly volatile, with fluctuating values. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Automated trading is not permitted on PrimeXBT’s trading platform. It offers advanced order types, integrated wallets, and customizable settings. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. PrimeXBT is indeed based in Seychelles, which is an offshore jurisdiction. This strategic location supports the platform’s global operations and regulatory compliance. Processing times vary but are generally in line with industry standards. BK shares their Crypto signals with a chart and text that notes all the signals’ points, entry, exit, targets and stop loss if you are a Binance Killer VIP. Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. Primexbt Promo Code Get Bonus. PrimeXBT Five Core Takeaways. OKX also provides features like earning and growing holdings, loans, Jumpstart for new projects, and a DeFi and Web3 marketplace. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 66 cryptocurrencies. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. By using a CFD, you and a counterparty agree to settle the difference in value once the trade is closed. The platform’s strong focus on security, user friendly interface, and responsive customer support further enhance its appeal. ByBit aims tocompete directly with Binance with its extra tools, such as crypto loans and anNFT marketplace.

Risk warning

All referral links will be removed. If the repayment date is arrived at and the prices have dropped from what you sold the asset at, you will have made a profit. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Margin trading allows traders to take positions much larger than what their capital would traditionally allow, by applying leverage to the position. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes including, but not limited to, any income, capital gains, sales, value added or similar tax which may arise from Your participation in trading with margin. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. For a complete list of restricted regions, refer to Section 1. Traders get 104 trading instruments focused on Forex and cryptocurrencies, with introductory diversification across commodities and indices. If there is more demand for raw materials due to a shortage, the price will go higher. Recent price movements have been influenced by regulatory updates, increasing institutional adoption and broader macroeconomic conditions. This article will guide you through the process step by step, ensuring that you can start trading without any hassle. There are two main types of storage for digital currencies: hot wallets and cold wallets. However, today I cannot trade on a regular basis on my own. Past performance is not a reliable indicator of future results. The price of cryptocurrency that the user sees on the platform’s website is indicative, as the crypto market is very dynamic, and at the time of the transaction the user will be provided with the rate current at the time of purchase/sale. This method effectively measures the capability of customer support to assist both active traders and casual investors. For more detailed information, it’s recommended to visit their official website or their Help Center. For example, if you deposited with Volet, you must also withdraw using Volet. Stop losses are perhaps the most effective tool in risk management when trading on leverage. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI.

Disclaimer

Keep in mind that the biggest hurdle facing Bitcoin Cash is the fact that it is considered by a lot of traders as an afterthought when it comes to Bitcoin. 2️⃣ For a short period of time on June 11th, 2022 there was an offer of $5 for account verification in Reward center. It’s always a nice touch when an exchange includes additional material to help smooth your trading experience. PrimeXBT awards prizes for virtual trading contests. For example, if you deposited with Volet, you must also withdraw using Volet. PrimeXBT and eToro have distinct fee models that cater to different trading activities. In cross margin mode, this changes since the total of all your account and your realised P/L can be used to trade and be your margin allocation simultaneously. Keep this in mind when you are budgeting to make your trades. The spread is the difference between the bid buy and ask sell prices of a currency pair. A very clear mobile app makes this possible. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. The levels range from unverified to advanced, with each level offering progressively higher limits and additional features. The web platform is user friendly, order execution is quick, and the app enables online trading. If the price of the stock rises to $30, you would earn $2000 if you had only traded with cash. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. Some products and/or services might not be covered by the Compensation Fund. I opened this long position with a tight stop loss. $20,000 or equivalent for unverified users. However, based on a more optimistic XLM. Additionally, risk management tools like stop loss and take profit orders help traders manage risk and protect their investments. That’s why we offer some of the lowest fees on the market. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. Users can open accounts, deposit crypto, and start trading with just an email address. Trade big events with PrimeXBT. According to the platform, it takes 7. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. SOL can be used for staking, transaction fees, and governance. In addition, the website states that the exchange does not attract customers from the UK and EU, however, does not prevent residents of these regions from registering.

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While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. This flexibility makes them suitable for longer term strategies. This section will guide you through the process of setting up your PrimeXBT account, from registration to account verification and funding. Head to the “Main” page of the account and click “Withdraw” on the crypto you wish to transfer. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. The platform’s robust infrastructure and compliance with international regulations enable it to offer reliable and secure trading services across these regions. Unlike most exchanges today, KYC verification is optional on PrimeXBT. The earn feature is powered by DeFi protocol Covesting, which makes it possible for users to stake their assets for attractive APYs.

TABLE OF CONTENTS

Robinson studied economics at Georgetown University and graduated with honors, attaining a Bachelor of Science in Finance and Management. Information regarding past performance is not a reliable indicator of future performance. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. Just noticed of late that PrimeXBT has increased the spreads exponentially. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. It is easy to view your balance and positions on the screen, and the interface allows you to set different visual options. Our goal is to provide a versatile platform for traders of all levels. This is also called a lack of a trend. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Let’s jump right into it. If you are looking for a platform that will give you some advanced order types, and a few basic algos, Live Trader might be overkill. It also does not help that there are many features which have been mentioned there but not released, such as algorithmic trading. PrimeXBT is a well established CFD exchange that has become a popular platform for all types of traders as it gives clients the ability to trade a number of assets including crypto, stocks, forex, commodities, indices and more as contracts for difference. PrimeXBT Trading Services, S. However, the question remains: how do these alternatives measure up to PrimeXBT. You can also change the title listed above and add new blog articles as well. Saying Coinjournal is much more bullish on their Cardano price prediction would be a huge understatement. Currently, the currencies supported by PrimeXBT are Bitcoin, EOS Token, Ethereum, Litecoin, Ripple, among others. Fees:PrimeXBT adopts a transparent fee structure, with competitive trading fees and no deposit or withdrawal charges.