PrimeXBT Review 2024: Complete Exchange Overview

Common Bitkub and PrimeXBT Alternatives. Through these third parties, customers can buy BTC, ETH, USDT and USDC. These products are not suitable for all investors. For instance, Binance features a 20 40% lifetime rate for every customer–these programs have created several millionaires. Your analysis was correct, and the British pound has fallen significantly. The platform empowers countless users worldwide with the necessary tools, resources, and assistance for daily crypto trades. Twitter: lees hier meer aylerTBMLinkedin. Each trader is responsible for maintaining sufficient margin levels to avoid position liquidation. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. That’s the promise of ZK rollups, a groundbreaking. Our time tested systems operate with 99%+ uptime and are highly reliable and scalable. There’s also a proprietary copy trading solution for novices looking to learn from more experienced investors. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity.

PrimeXBT vs Spreadex

Fortunately, you can start with smaller position sizes and work your way up as you gain more experience in trading. It goes against our guidelines to offer incentives for reviews. In the Cryptocurrency Service category. Claim your $600 Welcome Voucher for completing simple tasks on Binance. Com via inbox Search bar. Previously, he has done extensive work and research on Facebook and data collection, Apple and user experience, blockchain and fintech, and cryptocurrency and the future of money. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. You can conveniently sort them according to their total profit. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Margin trading platform – trade Crypto, Indices, Commodities and FX with up to x1000 leverage, allowing you to maximize your profit potential and earn from both rising and falling markets through CFD contracts Contract for difference. 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. Withdrawing is reasonably simple, requiring only a quantity and wallet address. They have a long standing sterling and trusted reputation within the crypto community, and offer one of the most solid and high performance trading engines in the crypto space. Trading without a trading plan is a recipe for disaster, as emotions are more likely to take over your logical brain when making trading decisions. On the PrimeXBT trading platform, you may trade using one of 2 techniques. The broker features an award winning trading platform with advanced trading and charting tools. 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. Overnight financing charges, often called swaps, are dynamic with the broker and may change from day to day. Required Margin to open a position = Value of the trade / LeverageLets take a look at an example of a leveraged trade.

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217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Trading Bitcoin is a better solution, allowing those who own Bitcoin to maximize their returns on their investment, and avoid any of the negative impacts of the cryptocurrency”s notorious volatility. All content on CaptainAltcoin is provided solely for informational purposes. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. The platform was founded in 2018, and from the very beginning, it managed to grow exponentially. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. What comes to specific points of Shiba Inu Cryptocurrency prices, those have been closely following the general Crypto market sentiment, experiencing highs and lows as well as notable moments. And the Cryptocurrency Markets aren’t immune to this rule. Trading Education is more optimistic about XRP’s prices by the end of the year, predicting that it could hit $1. Multiple active Trade fee or Overnight financing fee discount promo types are NOT additive; only the highest active trade fee or overnight financing fee discount will be in effect at any given time. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. Another fee to consider before choosing which exchange to trade at is the withdrawal fee. Also, very important is to make sure that your stop loss will be hit before your liquidation price. Just click on “Open new account” and pick the cryptocurrency of your choice. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries. When the stock market is crashing, shorting these stock market indices can bring traders enormous profits, rather than holding through the storm at a loss as an investor. Imagine a world where blockchain transactions happen instantly and without breaking the bank. Dogecoin’s future is looking strong, as is the rest of the Cryptocurrency market.

Everything Else

This is also one of our main review criteria when it comes to grading an 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. If the parabolic curve holds, targets of $10 will be met. We have an exclusive offer for every partner. All traders are advised to implement proper risk and money management procedures. Note that you can, at any time, regain control by interrupting your copy trading. It is important for a novice trader to choose the simplest trading platform that will be easy to use for trading. Whilst trading with the bonus, your balance may become negative because of losses or fees. This keeps funds offline and away from potential hacking risks. This bonus will provide a unique reward upon the user’s first deposit within the specified time frame upon logging in, the Welcome Bonus countdown timer reflects the amount of time remaining until the end of the offer. Warning ⚡️: Trading leveraged futures products is incredibly risky. Shiba Inu is best shorted when the entire crypto space is falling apart. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. Before making financial investment decisions, do consult your financial advisor.

Setting ROI targets

If you find someone willing to bet against you, you will get returns if your prediction is realized. The platform’s focus on user friendly navigation, comprehensive market research, and robust security measures further underscores its commitment to providing a reliable and versatile trading environment. Something that you may have noticed is that PrimeXBT does not require any forms of identification when you sign up. Best regards,The PrimeXBT Team. Our primary focus is to deliver exceptional services to our clients by granting them access to top tier liquidity and a diverse array of trading tools. Nyan Heroes emerges as a standout title, offering a unique blend of team based hero shooting with adorable cats piloting colossal mechs. We appreciate your patience and understanding as we work to address these concerns. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. To activate your $200 deposit bonus. However, unlike most exchanges, PrimeXBT’s model focuses more on providing professional traders with advanced functionality than retail investors. If you are a regular trader for Primexbt, this is a great opportunity for you to generate extra income along with your usual trading activities. Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. There are other widgets that you can add, such as order history, order books, alerts, symbol library, account widgets, statement widgets, and many others. ” This is when the exchange closes business because the market has moved too quickly. Traders can insert or remove widgets, resize and move panels around, change chart appearance, colours, grids and spacing, and basically rework everything in a manner that suits them. To distinguish between Cardano and Solana, you need to understand a few things about Solana to differentiate the value proposition of both. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. Complete the official BitDegree Web3 Exam and get rewarded. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Therefore, we always advise new traders to invest wisely. Almost all altcoins are trading in the red, with a few notable exceptions. Being the second biggest cryptocurrency by market cap, Ethereum is here to stay. These platforms let you trade crypto without giving your identity or personal info. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. All trades on PrimeXBT trading platform are executed at one of our Amazon AWS servers in London and Frankfurt. BTC deposits and withdrawals are made using the BTC network. In the supplied example, the breakout can be seen on the OBV chart days before the asset’s price responded to they buy pressure. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Can someone explain in math how fees can grow up to 20%. Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.

PrimeXBT Deposit Bonus promo campaigns updated on January 14th, 2022

To view or add a comment, sign in. The bonus consist of 7% of the deposit on the trading account, but not more than USD 7000;3. Any withdrawal of your own funds from Trading account to Wallet will automatically remove the full amount of Bonus provided. Always make sure that Available Margin in your trading account does not drop to 0%. This results in lightning fast order execution and minimal latency, which traders benefit from. 10 Best Highest Paying Forex Rebate Programs – Rated and Reviewed. For USDT and USDC TRC 20 tokens the TRON network is also available. You can buy cryptocurrency directly from the platform which can be used as collateral or for spot trading. Simply put, higher leverage means that the liquidation price will be closer to your entry price, which is riskier. A withdrawal requested before 12:00 UTC will be processed on the same day. On the other hand, when you take big risks, the possibility that you will face catastrophic losses is very real. The most important thing is trust for primeXBT. If you do not see this then it means that you could be on a phishing site and should leave immediately. Are you confused with Bitcoin’s recent volatility. This makes for a daily rate of 0. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. If you received a promocode for a +50% deposit bonus from one of our partners earlier, you can still activate the code, but it will apply a discount on trading fees 25% instead;. ETH and ERC 20 tokens COV, USDT, USDC require 10 block confirmations which usually takes around 4 minutes. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. $20 per invited user, up to $50 deposit bonus. Both fees are fixed at 0. PrimeXBT benefits from the commissions charged to users for transactions and withdrawals. To manually close your position, find the plus sign at the top, create the positions tab, right click on the position you have and then close it. Bitcoin is on the cusp of widespread institutional adoption, and altcoins. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Since the platform doesn’t hold funds, it’s not subject to the complex compliance procedures that most centralized crypto exchanges are, meaning there’s no mandatory KYC on the platform and HODL HODL will never ask you for your personal information.

Are there any fees when trading?

What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. CFD and FX feed come from a partner company feed aggregator which sources liquidity from multiple providers such as prime brokers, banks etc. Please allow us 24 72 hours to review your comment. Hello ,Welcome to Coinpedia. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Canada, Russia, and Japan. One of the standout features of Prime XPT is its sleek and modern design. The above security precautions are helpful to secure cryptocurrencies accounts and the end user devices utilizing them; however, before registering for a specific cryptocurrency exchange account, it is essential for the investor to carefully check the crypto provider offering to make sure it follows the highest security measures in protecting users funds and personal information. Short selling crypto on PrimeXBT is very intuitive but it takes some practice before you learn how to time the market moves perfectly. 5 of your personal funds. Cryptocurrencies can be traded with PrimeXBT 24/7 as markets do not close. Users can deposit PrimeXBT supported Crypto, purchase Crypto with a credit/debit card or SEPA, using Coinify, or deposit Fiat. When you get stopped out of a leveraged trade, there is no need to immediately put another trade in the opposite direction. Therefore, we wanted to share the following bulletin with the community to protect you from criminals and other bad actors. There are so many online platforms for cryptocurrency exchange these days. Prime Technology Ltd is PrimeXBT’s Technology Provider. FTX or its creditors can come up with the most reasonable solution to dispose of assets and repay debts. Anyone can write a Trustpilot review. Copy trading is a great tool for a lot of users with any level of experience. It’s smart to never risk more than you are willing to lose in any investment, and especially in volatile assets like cryptocurrency. PrimeXBT accepts Bitcoin deposits and lets you go long or short on the Hong Kong 50 through a Contract for Differences CFD. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. PrimeXBT allows direct Fiat deposits to Global Markets currency trading account by automatically funding the trading account when a deposit is made to the wallet. Users can deposit PrimeXBT supported Crypto, purchase Crypto with a credit/debit card or SEPA, using Coinify, or deposit Fiat. This innovation empowers players with true ownership of in game items, enhancing their gaming experience and enabling peer to peer transactions. You will be shown different sections, one of them Bitcoin BTC.

Developer Response ,

In this case you will be using only 10x leverage against your 0. For those interested in trading stock indices, PrimeXBT offers exposure to major indices, including the SandP 500, NASDAQ, and FTSE 100. ETH and ERC 20 tokens COV, USDT, USDC require 10 block confirmations which usually takes around 4 minutes. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Our website uses cookies. The platform is designed for traders with a higher level of expertise, implying a steeper learning curve for novices. All pending withdrawals are processed once a day, between 12:00 and 14:00 UTC. The ability to short, use leverage, and capitalize on declining prices adds to the potential strategies available. Prime Technology Ltd is PrimeXBT’s Technology Provider. Bybit also felt more modern, ergonomic, and was more aesthetically pleasing in my opinion and felt more akin to a crypto exchange. These exceptional features combine to create a compelling and persuasive case for choosing Prime XBT as the go to solution for businesses seeking a top notch cryptocurrency exchange platform.

Apr 4, 2024

Just a basic EMA chart showing daily price action for Chainlink USD. For more information. TradingView charting powers Bybit’s simple and highly functional trading platform. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. This has been a big year for us in terms of going global. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Non Default Settings. This was indeed also our experience.

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PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. However, if the price moves down 10% we will reach our liquidation price. Our editorial team, comprised of more than 20 professionals in the crypto space, works diligently to uphold the highest standards of journalism and ethics. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. When buying, you will get the Ask price; when selling, you will get the Bid price. Custom scripts and ideas shared by our users. It appears to have a lot of the same functionality that you have on the desktop platform. For ETH, USDT, USDC and COV withdrawals the fees vary depending on the network used. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money.

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We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. The suspects were running fake websites that allows them to steal digital currencies of hundreds of users registered in the following three cryptocurrency exchange platforms: Poloniex, Binance, and Gemini. KuCoin or Kraken, there are other very well known industry leaders that are located all over the world. Of these 50 billion, 20 billion are bought, traded, and used across the open market, while the Stellar Foundation holds the remainder to use toward promoting Stellar adoption. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. DOGE price has changed by 3. Prime XBT Promo Code 35% : HORUTA. RELATED: Best Day Trading Platforms. After the exchange has been processed, the funds will be credited to the corresponding Wallet. Com in your email settings and request the withdrawal again. Nuestro sitio web utiliza cookies. By the end of this guide, readers will have a better understanding of whether Stellar Lumens is a good investment and how high it can potentially go. The new requirements will come into effect on Thursday, January 12th, 2021 at 20:00 UTC. Until we hear otherwise, we will assume that this exchange is down. In other words, you are more likely to find people who want x200 leverage BTC futures contracts, rather than something like TRX or ATOM. Outside of its futures trading platform, PrimeXBT offers the aforementioned spot markets, a mobile app, integration with the copy trading platform Covesting where users can hold $COV tokens to receive a fee discount, 24/7 customer service via Telegram, trading contests, and a multi layer referral system. If this is something that you would like to get involved with then you will need to get your referral code. Crosses include AUD/JPY, EUR/GBP, and GBP/JPY, with exotics including USD/THB and USD/MXN. Depending on the market conditions, it can be a substantial difference. 1 BTC you took wrongly to show that you care. That is why such strategies should be considered high risk, high reward. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees.

What determines the price of AAVE?

If you don’t own any Bitcoin yet, you can check out our list of the best exchanges where you can buy Bitcoin. It’s merely a three tiered membership program you buy into that opens up more perks the more you spend upfront. This level of transparency helps minimise follower risk. Seek out traders with steady, consistent gains over long periods, not just short term wins and hype. Date of experience: June 02, 2020. Transfer funds to your Trading account before the offer expires. Dogecoin does not enjoy the same ecosystem, if supply increases and demand doesn’t the price will likely fall. It rose to $10340 and started hovering around $10,200. BitDegree aims to uncover, simplify and share Web3 and cryptocurrency education with the masses. 2 of the bars dipped back into the cloud restarting the count. An easy way of understanding leverage trading is to think of it as being able to open a position worth more money than the initial margin you are risking to open the position. These accounts are ranked based on activity, profits, and various other factors, making it easy for people to choose the perfect account for their needs.

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If you check your wallet balance on blockchain look up periodically you’ll notice that the lost funds are still showing in the wallet. This can only be used as additional collateral for margin trading on the PrimeXBT platform. Our website uses cookies. To view or add a comment, sign in. The margin trading model at PrimeXBT isn’t restricted to just cryptocurrencies. One of the platform’s most unique features is the ability to copy trade with the leaderboard. Any position closed before 00:00 UTC will not be subject to overnight financing. Margin accounts also enable derivatives trading contracts such as Futures, Options, and CFDs.

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This is arguably acceptable for one simple reason: many traders are more weary of opening high leverage futures contracts for smaller coins and tokens. Instead, you leverage your trade by temporarily borrowing from the exchange. Bitcoin leverage trading allows you to control more sizable positions and make more profits. 5 BTC with BTC/USD instrument is opened, and an additional Sell position of 0. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin. Date of experience: December 18, 2023. You will receive an email to the specified email address with the password reset PIN;. The star rating system is not visible here, but you can see their active days, maximum profits, and maximum equity. Unlike other stock indices, the Dow Jones only includes 30 large cap companies, it isn’t weighted by market cap, nor does it use a weighted arithmetic mean. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. On the other hand, choosing which order to place is extremely easy. Claim up to $7,000 in Bonus. It is customizable as per the level of the user, right from beginners to pro, and it also provides the option of multiple windows for experienced traders to help them focus on their technical analysis strategies. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance. 5️⃣ Fill in your financial profile details and click ‘Continue’. PrimeXBT is a platform that offers leveraged trading of Cryptocurrencies, Forex, Commodities, and Indices. The mobile app has already won industry awards, such as the Forex Award for the best crypto trading app. For example, if you open a Bitcoin position on PrimeXBT using $1000 worth of BTC on 10x leverage, your full position will be worth $10,000. They have also designed this platform around “widgets”. Spreads represent the difference between the buying and selling prices of a currency pair, and lower spreads can lead to reduced trading costs.

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Advanced trading features include ‘take profit’ and ‘stop loss,’ allowing users to effectively manage market risk. An overnight financing fee is applied to positions held into a new trading day. There aren’t a ton of reviews out there for how effective the algos are, but they are all 100% free to use with the basic package. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. All these metrics are used for determining active or passive projects despite the artificial hype. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. By activating Advanced, Premium, and Elite COV token memberships, the APY rate can be increased by up to 2x, and memberships also unlock unique benefits within the copy trading module. 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. The major pairings include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, and USD/JPY. In that case, the future price could reach the $0.