PrimeXBT Review 2025
Learn more about Baksta’s Legal Terms. During testing, I received fast responses with a reasonable level of detail. Covesting enables users of the app to browse and instantly copy their trading behavior through hundreds of trading strategies offered by other traders. If you have any further questions or need assistance, please feel free to reach out to us at. It offers a wide variety of charts, indicators, and trading tools that help traders make well informed decisions. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The Forex spreads for US traders on PrimeXBT depend on the currency pair being traded. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. However, there’s a demo version for new users who are unsure about using the exchange. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. Once you press the “buy” or “sell” button, your position is in the market.
Bitcoin leverage trading explained
In general, the KYC verification procedure is not complicated and goes quickly, after which you will have additional opportunities on the PrimeXBT exchange. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. While it supports copy trading, the platform lacks automated trading functionality. The exact amount and conditions for these fees can vary. Historically speaking, Cardano has participated in the bubbles that crypto has had, but also takes a serious beating when those bubbles pop. Lastly, you can’t rearrange or resize modules on the desktop platform. To trade safely with leverage. Our website uses cookies. Trading involves https://primexbttrading.com/short/ risk. Trade 100+ markets like BTCUSD, EURUSD and SP500. Thus, copying trades in PrimeXBT gives customers the opportunity not only to earn on cryptocurrencies without spending time on trading, but also to get additional benefits from it. Crypto transactions are supposed to be anonymous. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Remember, it’s not just about the headline “trade fee,” but the complete financial ecosystem within each platform that deserves your scrutiny. 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. This marks a significant step forward in the evolution of the Cardano ecosystem, opening the door to new possibilities for developers and users. Driven Crypto signals communities of today. You can purchase BTC with your credit/debit cards and then send it directly to your PrimeXBT account BTC address. However, leveraged positions can result in losses at a faster rate than when trading on a cash account or spot trading platform, so caution is advised. Cryptocurrencies are speculative assets with incredible long term growth potential but also pose a high risk of a complete loss. One of the most well known is the NFT marketplace OpenSea. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Yes, PrimeXBT offers a demo account where you can practice trading with virtual money. Users can choose to be either a trader to be copied or an investor to copy others. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. We appreciate your perspective and understand that everyone’s experience can vary. PrimeXBT has published over 350 educational articles on its website, which are free to access. Or do you travel a lot and. It is the job of the CME to mix and match orders to keep an orderly market. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience.
PrimeXBT UK: Trade and Profit
Visit PrimeXBT Platform and get 35% on Your First Deposit. Although there are mixed reviews online, most reviews highlight the advantages of the platform’s features and services. The total amount of Bonus on the chosen Margin account cannot exceed a limit that is specific to each promo campaign. 00027507568 converted from 14. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. Our 24/7 support team here to help. Bybit offers a range of support options, including a detailed help center, email support, and live chat. We understand that KYC procedures can sometimes feel burdensome, but they are crucial for preventing fraud and protecting all our users. Some products and/or services might not be covered by the Compensation Fund. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. PrimeXBT integrates TradingView charts, which is a nice feature. When looking at the top holders, you need to be aware of a couple of nuances. 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. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. Visit PrimeXBT Platform and get 35% on Your First Deposit. This allows users to fund their accounts without incurring additional costs, making it easier to start trading. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Bybit also offers a lot more crypto centric products like the Launchpad and NFT marketplace and features a better built out Earn section. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Losses can exceed the initial investment. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’.
Prime XBT About the company
This website is owned by PrimeXBT PTY LTD. Market conditions were brutal enough to leave some of the best copy traders with monthly losses. Perfect Money deposits are also processed instantly, providing a quick and reliable way to fund your trading account. They employ a long trade strategy with leverage, essentially placing a magnified bet on Bitcoin’s price increase. A notification on your phone, email, through their own app or the trading platform you use. Through these third parties, customers can buy BTC, ETH, USDT and USDC. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. 75, and it even made a cardano coin price prediction for 2040 of a potential $5. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Furthermore, not only should you look into long and short position trading, but the fact that you must pay fees to short stock position, or short sell anything. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. 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 services. The team also checks user submitted coupons for their authenticity. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Cryptocurrency early adopters and developers have been on the forefront of technological advances, so it make sense that eventually they would provide a solution that marries both the decentralised ethos of cryptocurrencies and the imperative for robust KYC policies. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Keep in mind that spreads are floating so in volatile times they will widen. Following the announcement of the interest rate decision, Non Farm Payroll data came in significantly higher than expected, contrasting with previous reports.
Select Currency
PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. This means, you should never allocate your entire trading account to the margin, as even small price movements against your favor can lead to the infamous “margin call. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Let’s connect and explore the world of words. Prime XBT, a financial trading company based in the Seychelles, prides itself on being a Swiss knife trading platform for advanced traders. The support team strives to address user queries and concerns promptly, ensuring a positive customer experience. A financial instrument is different from an asset, acting as a contract to settle the trade at a different price than the entry. PrimeXBT Trading Services, S. Go to Settings > Security and enable Install from Unknown Sources if prompted. Your suggestion is invaluable, and we’ll certainly consider it as we plan future updates. 12 milliseconds on average. 05% commission on all cryptocurrencies offered by PrimeXBT is a perfect condition for trading. There are enough account options to keep anyone satisfied and you will have the complete ability to use our social crypto trading service within their online brokerage service. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. תופיק זיאד 45, נצרת, 1600987 מספר טלפון 048207777 ימי עבודה : כל ימי השבוע מ 10:00 עד 22:00. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. On PrimeXBT, trading fees are categorized into two main types: maker fees and taker fees. Although no futures are offered for cryptos, this compensates for the multitude of instruments offered. Securely store all the Crypto you buy in your PrimeXBT Wallet. I would also like to extend my thanks to the support team, who were extremely helpful in guiding me through the registration process for the copy trading platform. Her answers were timely and well informed. You wouldn’t want to go long on an asset that you think is about to shed value by the same logic. 2024 00343, having its registered office address at PKF Corporate Services Ltd. When a trader believes the price of Bitcoin will rise, he or she would buy go long Bitcoin and sell it later for a higher price. 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. Reply from PrimeXBT Copy Trading. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process.
What is a market cycle?
With its user friendly interface and advanced trading features, it has become a preferred choice for both beginners and experienced traders. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. They expect impressive, in fact, heroic gains – in the region of $10. Over the years, POL ex MATIC has seen several historical price movements. You can set an automatic Take profit and Stop loss price using this order type. We’re here to help you. This is because altcoins are less predictable than Bitcoin, and so people naturally act more cautiously. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. Seek independent advice if you have questions or do not fully understand the risks. You can set up a demo account for yourself prior to or alongside your live FX and CFDs account. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Be sure to check your email inbox for the withdrawal confirmation email that PrimeXBT sends. Some of the most popular platforms for Canadian traders include Coinbase, BYDFi, and PrimeXBT. There are no fees for account deposits. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. But markets are always moving and orders sometimes begin to fill during large price movements. Another important factor for the next 10 years is how OPEC will deal with the growing market share that the US is taking in the energy stakes. We’ve got you covered with access to 100+ global markets on one platform. Binance Coin set its first new peak in 2019 and another in 2021.
Know Your Customer KYC
Readers should do their own research. Natural gas trading refers to speculating on the future price movements of natural gas. Once bought, tokens swiftly land in your personal wallet for safekeeping. PrimeXBT offers various withdrawal methods, each with its specific fee structure. Depending on your jurisdiction, some products or services might not be available. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. Related: How to Convert BEP20 to ERC20 Tokens Guide in 2023. Our vision has always been to provide people with easy and immediate access to the markets, as well as all the education and tools they need to make informed decisions. “Dip buying” is a popular strategy, where a trader accumulates when the market prices are low. Bitcoin Whale Places $1 Million Bet That This Ethereum Token Trading At $0. We also value your suggestion about adding a general bright color scheme to make customization easier. If the app is unavailable in your region, you can still access it through direct download from our site. Also, its “turbo” trading option allows you to make short term price predictions.
Is the PrimeXBT mobile app available for both iOS and Android?
In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. Comments: What I have to admit is that PrimeXBT is one of the safest trading platforms I have ever worked with. PrimeXBT is designed around customization options for traders, or widgets. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. “my favorite platform” mohammed daas owner. To deposit funds to PrimeXBT from the USA, follow these steps. 2 of PrimeXBT’s Terms and Conditions. The stop loss order is placed at a point where you admit your trade idea hasn’t worked out. This is the allure of margin trading, as well as the ability to take on more positions, especially if you are hedging a portfolio. All pending withdrawals are processed once a day, between 12:00 and 14:00 UTC. New to trading or don’t have time. Leverage hovers in a range of 50x to 75x. The absence of ETFs stands out, as they would fit perfectly into the asset mix for the core trader base. Here are some frequently asked questions about the comparison between PrimeXBT and eToro, providing additional insights to help users make informed decisions. 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. There are also a plethora of technical studies and indicators that can be used. Returns or profits may be subject to capital gains tax. 00002 per SHIB, with a market cap of $12833750179 USD. Comments: Despite seeing several reviews expressing concerns about high leverage on PrimeXBT, I actually find it to be an advantage as it increases the potential for profits. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi Chain Asset Management.
Cons
Click on ‘Referral program’ from the ‘Hub’ section on the main menu. Second, when it comes to trading technology, they do not offer API functionality. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT. The PrimeXBT team is committed to 24/7 customer service. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. PrimeXBT lets users open many positions simultaneously, including long and short positions, as long as margin allocation allows. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. TRXUSD is testing the 5 month Resistance following the December/ June aggressive rise. This is because it only moves when the market makes a fresh high in the case of a long position or a new low in the case of a short post. A bit of a heads up, though: the effect isn’t immediate; it usually takes between a year and a year and half for the halving to be priced in. Copy Trading allows easy passive income generation. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email.
4 8
While Crypto has struggled in 2023, the Litecoin market has shown that it can weather the storm multiple times. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. With itsinnovative approach, diverse market offerings, and commitment to relentlesslyenhancing the trading experience, PrimeXBT solidifies its position at theforefront of finance. $20,000 or equivalent for unverified users. Our clients love how fast and simple our sign up is. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. We recommend using a unique Email+Password combination that you are not using for other services. This allows you as the copy trader to thoroughly scrutinize their track records before investing your capital. It’s time to do your research.
Worse
Historically, RSI levels above 70 proceed short term corrections as traders book profits. Both platforms offer robust features, but their interface designs cater to different user needs. Depending on your device, the steps might slightly vary. It will also help you identify if you have accidentally landed on a phishing site of some sort. As we know though, the Cryptocurrency market is a bit of a different beast. These dual challenges impose constraints on Chainlink’s upside potential in 2023, yet a glimmer of optimism emerges from recent developments in the Crypto sphere. Note ✍️: The financing fees are dynamic. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. However, the absence of custom price alerts was a notable drawback. After years of going down, ADA is ready to increase in price once again and show the true potential we all know Cardano is capable of. Virtual Assets are high risk products, highly volatile, with fluctuating values. Withdrawals are processed 7 days a week. Date of experience: December 16, 2024. The transaction is instantaneous and at a low transaction cost. There is no live chat option available and our team also struggled to find any information regarding a contact telephone number. On Sunday, the attacker dumped 50k ETH on chain, with ETH’s price dipping by almost 7%. The platform provides a wide range of trading tools, including advanced charting features, order types, and risk management tools. This allows access to the markets. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. The deposit process may vary slightly depending on the method chosen.
Web3 Evangelist
15, that is also a one pip move. Crystal’s risk scoring example. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. Very High Triple A rating by Certified. Help improve contributions. Virtual Assets are high risk products, highly volatile, with fluctuating values. He is experienced in crafting whitepapers, researching on chain data, and advising emerging crypto projects, and uses his unconventional approach to learning and passion for knowledge to provide cornerstone educational content for readers of all levels. Ultimately, the selection of CFDs allows for portfolio diversification beyond digital currencies and crypto futures. Position trading is also known as trend trading. These are hosted on AWS web servers which are known to be one of the best in the industry. Historical data suggests that when markets get volatile, it’s better to trade smaller positions. Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The exchange offers some of the lowest commissions in the crypto market, as well as convenient and modern trading terminals available anytime and anywhere. One of the most attractive features of PrimeXBT is the ability to sign up without KYC or ID verification. Having said that, it is crucial to respect the potential damage that can come with larger position sizing. If you have any further questions or require assistance, please don’t hesitate to reach out to us. If the app is unavailable in your region, you can still access it through direct download from our site. No, Binance does not offer copy trading features. PrimeXBT is a perfect match for copy traders. In this scenario, you’d experience a loss of $500 excluding fees. 24/7 live customer service is also important to look for, in case of the rare event an issue arises. 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. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Later that year, it almost touched the $70,000 point and of course most recently also approached that mark. Chart features include. Information regarding past performance is not a reliable indicator of future performance. New users can also get up to $50k in sign up bonuses when they sign up using our Coin Bureau link. The Fixed Tradable Bonus on PrimeXBT is added to your trading account’s equity and serves as additional collateral for opening positions.
Sign up and get up to $200 in crypto use code get50 to get $50 BTC
The site also has tips for making quick trading decisions an interactive table with buy and sell prices, daily price changes and the prevailing trend. There are several reasons why a coupon code for primexbt. ©2023 Levelz Created By DMZ. If you have ambitious goals you might want to consider trying all of these methods at once. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. This means that their margin balance is now 96 BTC. The platform is user friendly and offers a highly customizable interface with advanced charting tools and technical indicators. Prime Technology Ltd is PrimeXBT’s Technology Provider. The technical analysis team at cryptonewsz. 6 months ago 416 views.