PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?

Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Virtual Assets are high risk products, highly volatile, with fluctuating values. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. If this is done effectively then suddenly the reward becomes that much more attainable. The principle is to buy low and sell high. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. This will allow the trader to define specific levels for entries and exits. Understanding market trends, analyzing price movements, and employing risk management techniques are critical components of a successful short selling strategy.

Pip Definition

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. XRP maxes out at x175, BNB is set to x75, LTC, MATIC, and ATOM offer x50, and TRX can reach x30. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. Information regarding past performance is not a reliable indicator of future performance. At the same time, clients have access to the following terms and conditions. Additionally, its educational and research materials are primarily geared toward crypto trading. Affiliate payouts are made weekly through bank wire, bitcoin, or check. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Remember, your choice between Bybit and PrimeXBT should align with your priorities, whether it’s the speed and ease of a mobile app or the robustness of trading options. Select the Crypto you want to withdraw. Thank you for choosing PrimeXBT. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and PrimeXBT (Cy) Ltd services. The biggest strength for PrimeXBT is that it offers multiple different asset classes for traders with deep liquidity and a high performance trading/matching engine for a flawless trading experience. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. They conduct thorough market research such as technical analysis, identify favourable technical indicators, and choose a suitable leverage ratio based on their risk tolerance. The time for shorting Litecoin is probably in the rearview mirror, although the price certainly can continue to fall. These products are not suitable for all investors. 01% per trade, which is competitive compared to other platforms. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. No matter the situation, at PrimeXBT, we remain fully committed in our compliance with and adherence to all global AML rules and regulations, now and into the future. And finally, the 5 supported commodities. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. PrimeXBT’s partnership programs offer some of the most competitive financial rewards in the industry. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

◾️Why is my order rejected?

Verification usually takes up to 2 minutes, after which your account status will be updated to ‘Verified’, and your withdrawal limit will be automatically lifted. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Your review has been sent; it will appear on the website after it is screened by a moderator. 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. For example, it is wise to never invest more than you can comfortably afford to lose, never tell others you own any digital assets, and more. Our website uses cookies. Lastly, the ongoing developments in the Ripple ecosystem, such as the introduction of smart contracts to the XRP Ledger, continue to expand XRP’s utility and potential value proposition. Our website uses cookies. No, PrimeXBT does not currently offer any services to residents of the United States. We may receive a commission for purchases made through these links. Most of the funds that are held at PrimeXBT are kept in cold storage. Today, many brokers offer copy trading with a variety of features. If you want to learn more about the Crypto ecosystem, sign up for the weekly newsletter. If the app is unavailable in your region, you can still access it through direct download from our site. The primary advantage of margin trading is the potential to realize more significant gains due to the increased trading power. Our commitment to privacy is paramount, reflected in the meticulous design of our operations and infrastructure prioritizing personal data protection. If the app is unavailable in your region, you can still access it through direct download from our site. It seems that the platform focuses primarily on providing an easy to use and accessible interface for beginner and professional traders alike. It is also important to note with the lack of KYC requirements that they are playing on the less cautious side of friendly regulation which may see some crackdowns in the future. 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. While it can amplify your profits, it can also significantly magnify your losses. Moreover, the cryptocurrency sector advertises itself as being decentralized, resulting in the lack of a unified regulatory framework globally. 05% trading fee for Crypto CFDs. Claiming the PrimeXBT No Deposit Bonus is a straightforward process.

Contact Information

You decide to close the trade once the pair reaches 1. 0017% on Silver to 0. This makes it a quick and easy forex and crypto broker to get started with. Whether you’re navigating through your first trade or fine tuning advanced settings, it’s all smooth sailing. There are two main types of storage for digital currencies: hot wallets and cold wallets. This can be due to a positive news release on performance. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. A margin call is when the value of your investments has fallen below the necessary collateral for the margin loan you have taken from the broker. Besides that, there are also credit card options available. This feature is appealing to users who prioritize privacy and wish to trade anonymously. Follow this easy step by step process to open up a PrimeXBT account. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. Although it has been a significant commodity in the past,. The platform can be a profitable tool for buying and selling cryptocurrencies, as well as for fast cryptocurrency exchanges. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Advanced trading concepts can be confusing for beginners. If you ever have more feedback or need assistance, we’re here to help. That dream has started to fade as investors realize that returns in the stock market could be done for some time. Free $10,000 Practice Account. In comparison, Coinbase focuses on major coins like Bitcoin, Ethereum, and Litecoin, offering just a few options for those sticking with the most established assets. Our 24/7 support team here to help. WTI is West Texas Intermediate oil and comes from the US. Key features of PrimeXBT Copy Trading include. Balancing your ambitions with your available initial margin. PrimeXBT notes an inactivity fee but does not provide details, as it merely states: “PrimeXBT may charge inactivity fees if your account is inactive for a prolonged period. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. 05% for margin trading, with similar rates for copy trading.

RAIRprotocol

No disadvantages, all is good, working fine. But after losing half of my investment balance I realized that PrimeXBT lowered my equity both when I had a losing trade AND every profitable trade. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Here is a closer look at some of the notable assets provided by Prime XBT. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. The best non KYC crypto exchange platforms include MEXC, BingX, PrimeXBT, CoinEx, and Uniswap. You have to be more specific about the price drop in the prediction market. We understand the impact of fees on trading positions and are constantly working to optimize our fee schedule. Very easy to use as a new trader. It provides a user friendly mobile app that caters perfectly to its core trader base and is a crypto forward brokerage. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. The team conducts periodical stress tests and security audits to ensure compliance with the strictest security standards in the industry. Risk management is important in leverage trading.

Cryptocurrency Contest, No deposit Prize – MTHUB

Copper is a vital component in numerous industries, copper consistently attracts investor interest therefore maintains its value in the global market. Now we have a Bybit Review that puts more nails in the coffin for Bitmex. The risk was only $5 on GBP/USD, and my balance was around $316. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. The order form also displays recent trades and order book data. It includes advanced security features such as two factor authentication, encryption, and cold storage for user funds to ensure a safe trading environment. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. Decentralized exchanges and other DeFi protocols generally never require your ID, just your wallet details. Use stop loss orders to automatically exit your position if the market moves against you, limiting potential losses. READ FULL IF YOU’RE NON MEDIUM MEMBER. PrimeXBT does NOT require KYC procedures for traders. The position size is 2 bitcoins.

Bybit Earn

At the time of this writing, the supported coins include Bitcoin BTC, Ethereum ETH, EOS EOS, Litecoin LTC, Ripple XRP. Phone support is unavailable. Known for its low fees and staking opportunities with its utility token, PROB, ProBit is also one of the largest platforms for Initial Exchange Offerings IEOs. ADA price has changed by 1% in the last 24h. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Developers have found a new use case for blockchain technology, and now, the market is filled with protocols with unique applications. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. Once you’ve completed the missions, you’ll be able to claim only one of the four Welcome Bonuses. 02% for crypto futures. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Bybit: This platform leans heavily on automation and technical analysis. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. Because there is a $1 minimum deposit, traders of all budget sizes can participate. Crypto Deposits: PrimeXBT offers free crypto deposits. When trading financial instruments, margin acts as collateral deposited with a broker to cover potential risks. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. This site contains affiliate links to products/services. PrimeXBT is more of a traditional brokerage that also offers crypto trading, as opposed to Bybit, whose sole focus is crypto trading. This guide heavily discussed the safest options for storing crypto assets, as well as removing fears about storing coins on an exchange now that security measures have improved so significantly.

Step 3: Withdrawal and Review

Cyber criminals are utilizing advanced techniques in order to scam crypto investors and traders or gain unauthorized access to sensitive accounts, personal information, and more. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. The services of BingX are not available to Canadian citizens, who are directed towards other beginner friendly exchanges such as Uphold. To set up an account with PrimeXBT, follow these simple steps. Set up your account preferences, fund your wallet, and explore the various trading options available to you, such as margin trading and access to multiple markets, including crypto, forex, and CFDs. Perfect if you just need to check your trades or to trade on the go. A lot of these tips do however have to do with understanding the cryptocurrency market. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. However, insurance coverage is still rare within the crypto industry. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. This is not something that we have seen on other charting packages developed by an exchange. It also provides a breakdown of individual crypto and US dollar balances. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. By understanding and implementing these strategies, traders can enhance their chances of success on PrimeXBT. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. To open a trading account. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. This significantly reduces the risk of unauthorized access to your account, providing you with peace of mind regarding your account’s security. The broker also provides platform tutorials on its YouTube channel. In particular, crypto traders can utilize a maximum BTCUSD leverage of 1:200. Things have slowed down since, though, with the BTC/USD pair now down nearly 50% since the ATH in April. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Traders get 104 trading instruments focused on Forex and cryptocurrencies, with introductory diversification across commodities and indices. Automated trading is not permitted on PrimeXBT’s trading platform. 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. You can trade Bitcoin, Ethereum, Litecoin, and EOS on PrimeXBT, although several more coins exist elsewhere in the market.

Tomada de Posse do novo Presidente do CMCNampula Luís Madubula Giquira

Volet deposits are free, while Perfect Money charges a 1. We may include partnership links, but they don’t affect our ratings or recommendations. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Robinson studied economics at Georgetown University and graduated with honors, attaining a Bachelor of Science in Finance and Management. Its three star rating over an extensive period of 536 days indicates a solid performance amidst challenging market conditions. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. 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. Time your market entries and exits with precision, using advanced tools.

More author posts

Customizable charts, technical analysis, and leverage trading enhance the experience, creating successful traders anywhere in the world. PrimeXBT is 34 in our rankings of CFD brokers. The strength of these levels and their trend lines will be determined if there is a high recurrence. You should also pay special attention to the size of your trade. This welcome offer can increase your profitability up to 35%. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. The tools are very acurate and work effectively. ✅Proceed to the «Deposit» area after logging into your PrimeXBT account. The Prime XBT support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply. The provider claims that it has a 96% success rate, but it does not provide a free Telegram channel or free Cryptocurrency trading signals. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Looking at Ethereum, it’s probably best to ask, “Is Ethereum a good investment. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Make smarter trades, seize opportunities, and refine strategies — all in one platform. If the market rises from here, once it gains more than $5, the stop loss order follows the tick for the tick on a high watermark basis. However, the broker does not provide Islamic accounts for swap free trading.

Boost your deposit by 20%, up to $7,000! Tradable Bonus

It’s important to note that these predictions are speculative and should be considered alongside thorough research and risk assessment. 10% for makers and 0. I found out it was impossible. 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. One of the clearest indications towards an illegitimate service is a scam that has happened within the company’s history. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. These are supported on both iOS and Android devices. Deposits are free, while withdrawals incur a fee of 0. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The broker does not provide any share CFDs or lower risk securities e. Some products and/or services might not be covered by the Compensation Fund. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. This section outlines the foundational concepts and reasons behind the necessity of payment verification on PrimeXBT. BitSeven charges a flat trading fee of 0.