PrimeXBT Review 2024: Complete Exchange Overview

Join the thousands already learning crypto. Thoroughly research before choosing a platform. This minimized my losses and still only cost 0. Only proper legal or regulatory authorities will receive customer transaction data. Using exchange brokers is the most powerful way to invest. Once your account is set up and funded, you can start exploring PrimeXBT’s trading features and tools. Another mark of trust can be found in the star rating that each account receives. And finally, the 5 supported commodities. 00005 BTC to get started. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Navigation was intuitive, with all the essential tools and indicators just a click away. The opinions expressed here are the author’s alone. Yes, PrimeXBT charges a nominal fee for each withdrawal. However, funds needed to cover day to day withdrawals are held in a hot wallet. The educational resources provided by PrimeXBT are a valuable. Kraken uses TR’de PrimeXBT brokeri a maker taker fee schedule, starting at 0. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. Futures are high profit and high risk, while Options are less risky but still provide much profit opportunity or the chance to hedge spot positions. Anyone can write a Trustpilot review. Doing so dramatically mitigates the risks of a single point of failure. PrimeXBT is a perfect match for copy traders.

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When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. The most recommended Crypto assets are Bitcoin, Ethereum, Litecoin, and EOS. Before making financial investment decisions, do consult your financial advisor. Check out PrimeXBT social media. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. We process withdrawals daily between 12:00 and 14:00 UTC. The first pan Caribbean private equity fund dedicated exclusively to making investments in the CARICOM Region. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. With cross margin trading though, there are essentially no margin requirements, your entire balance and realised P/L can be used to keep a highly leveraged position open. PrimeXBT provides access to forex, commodities, and indices in addition to cryptocurrencies. We’re delighted to hear that our indicators have been helpful in your trading and that you’ve been able to profit from the recent market movements. Receive the latest news and stay informed. You can even find education on the platform, which I do not think is the most helpful, so you might want to get education from additional sources. This means that they will get you the best price available, once a level is touched. This necessitates robust risk management systems, increased capital holdings, and a more sophisticated infrastructure by exchanges, leading to higher operational costs. A stop loss order is an order that tells the broker to get you out of a trade if a specific price is hit. While XLM can be used for peer to peer transactions just like any other cryptocurrency, it also performs a role in the Stellar blockchain as a defense mechanism against spam transactions – a small fee of XLM is necessary to complete each transaction. Here’s a simplified example of how leverage translates to Crypto trading. Another fast paced trading activity is its one click and double click trading features found in its margin trading account.

PrimeXBTUser Reviews

Receive the latest news and stay informed. We’re pleased to hear you find our fees reasonable. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. PrimeXBT has 24/7 support, educational materials, and the PrimeXBT Academy. For question regarding brokers – Please use our Forums. The fiat withdrawal process was straightforward but took a long time. Please note that the UK FCA does not consider cryptoderivative products suitable for retail investors. Learn more about other kinds of reviews. Always do your research before investing, and be prepared for potential losses. Everything works greatly and fastly. This is because altcoins are less predictable than Bitcoin, and so people naturally act more cautiously. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. However, it’s especially well suited for creators and influencers in the forex trading, investing, and finance niches. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. To begin, you can click here to sign up and within minutes you can start buying and trading Litecoin and Ethereum. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. Thanks for your high score, PrimeXBT appreciates your opinion and feedback. Earn daily crypto rewards in one click. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Maybe some of them will be new for you and you can use it in practice.

PrimeXBT Background

Any fraud occurred during this process. You can only withdraw fiat using the same payment method you used for deposits. At this point, you are showing a lot of faith in a project that has yet to take off beyond the superficial social media buzz. However, depositing fiat currency requires KYC verification. Click ‘Submit to Withdraw’. PrimeXBT operates a tier based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals. PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. We also ensure all reviews are published without moderation. The complex interface is unsuitable for inexperienced traders. Scan this code to download app. Whether you are interested in the traditional market, or want to ride the hype on the digital markets. On PrimeXBT, you have a similar range with some additional order types. 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. PrimeXBT also supports both fiat and crypto withdrawals.

What is PrimeXBT?

This is where leverage trading gets some newer traders into trouble because it is so easy to see massive moves in profit and loss statements. Thank you for choosing PrimeXBT. Prime XBT stands out as an industry leading platform, providing a remarkably efficient experience with its real time data tracking, extensive cryptocurrency selection, unwavering security measures, cutting edge trading tools, and seamless integration of global payment methods. You can use a third party P2P service such as Paxful that is available in alternative deposits section of your account to find merchants who accept Paypal for Cryptocurrency purchases. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof of work to a cost efficient proof of stake system. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. I mean I regularly check certain materials to make sure that there are no turmoil in the market, and it really helps me to manage open positions effectively. Understanding the importance of localization, PrimeXBT offers local payment methods in various regions, including Vietnam, Thailand, Brazil, and Mexico among others. Thisproactive move reinforces the platform’s commitment to providing anexceptional, cost efficient trading experience that maximises traderprofitability. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. Resend OTP in: seconds. Designed by Market Grid. For example, you are unable to execute an x50 BTC futures contract using cross margin. Both the cryptocurrency exchanges offer similar order types to help you take maximum advantage of the market volatility. Day Trading Platforms. As such, the enactment of a federal law should ban such things from happening.

What chart does PrimeXBT use?

Comments:Overall Prime XBT is the best option for crypto currency. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. You may need to contact customer support for assistance. Also watched my copy traders on Primexbt all going longs. The highest possible leverage is provided automatically upon opening a position, and you control it by choosing the position size. Bybit’s « Earn » feature, for example, comes with varying lock up periods and APYs for different cryptocurrency deposits. For our crypto exchange reviews, we evaluate the platform and its various products and services with an unbiased approach. Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. You can either send BTC from your existing crypto wallet or use the integrated Changelly service to purchase BTC using a credit or debit card. PrimeXBT offers over 50 ways to trade with up to 1000x leverage. Beyond that, the $67,000 to $68,300 range is another major resistance zone that could determine the direction of Bitcoin’s price in the near term. If you have any further questions, need assistance, or have suggestions for additional resources that could assist you or other traders, please don’t hesitate to contact us at. So what do I need to have a Primexbt Demo accountPrimeXBT approachA demo account is a virtual trading account that allows traders to test out their strategies without risking any real money. PrimeXBT employs two factor authentication 2FA, cold storage for the majority of user funds, encryption for data transmission and storage, regular security audits, and maintains an insurance fund for added protection. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Moreover, the exact leverage users will be allowed for the position also depends on the type of asset that traders trade. 7 per BTC, with a market cap of $1154233286734 USD. 26% taker fees at the entry level which is not quite as competitive as the fee schedule for PrimeXBT which uses a flat fee schedule. Not letting emotions dictate a trading decision can be a huge challenge to a trader. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Best regards,The PrimeXBT Team. The flexibility grants each user a personalised fit. PrimeXBT, similarly, employs robust security measures to safeguard your assets and data. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. PrimeXBT’s referral program is your gateway to effortless additional income. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. The fees may have different structure.

Where is PrimeXBT based/located?

For instance, funding fees for BTC on Binance and Bybit were both 0. BitDegree aims to uncover, simplify and share Web3 and cryptocurrency education with the masses. To engage in leveraged trading options, traders must fund their margin trading accounts in specific currencies like BTC, ETH, USDT, and USDC and maintain enough free margin to cover potential negative price fluctuations. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. To trade Commodity CFD on PrimeXBT, open a CFD trading account on the WebTrader or app by entering your email address and setting a password. EToro copy trading pros. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Eugenia Cabianca © 2022 – Desenvolvido por Starfez. 🔄 Futures trading isn’t just about profiting from rising prices; it offers opportunities even when markets decline, making it a robust strategy for maximizing returns in crypto. My deposit was credited after 20 network confirmations, which took a few minutes. Its intuitiveness and simplicity provided a pleasant trading experience. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Thank you for choosing PrimeXBT, and happy trading. Vincent and the Grenadines, and Switzerland. ConclusionIn a nutshell, the best no KYC crypto exchanges offer an opportunity for traders and investors who value privacy and want to avoid the complexities of ID verification. This has also opened new opportunities for new platforms to simplify various processes. For withdrawals, BetChain maintains a commitment to fast and secure transactions. PrimeXBT deposit amount required in order to open a broker account is $65 / R1 112,72. Other features include. This is supplemented with a selection of video tutorials and visual guides and a help centre with a fleshed out FAQ section. Think about things that are very expensive – diamonds, gold, artwork. OKEx has been around since January 2014 and is an industry leader in cryptocurrency trading instruments. It truly elevates the overall user experience. 💁♂️ If a trader buys a stock at $100 and incurs $10 in transaction fees, their BEP would be $110. Happy trading and thank you for choosing PrimeXBT. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted.

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According to the statistics, 75 89% of customers lose the funds invested and only 11 25% of traders earn a profit. PrimeXBT accepts both fiat and cryptocurrency deposits. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. The Chainlink protocol will respond by creating a Service Level Agreement, or SLA, consisting of three separate contracts. Based college or university and verify your student status through SheerID, a third party verification service. Brian Dean Nibley ist ein Kryptowährungsexperte bei PrimeXBT, spezialisiert auf Bitcoin und kryptobezogene Inhalte. Com intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. If you have any questions or need tips on optimizing your trading strategy, feel free to reach out to our support team at. This isn’t necessarily going to be an easy move, but they think the hype will return to the crypto world sooner or later; Shiba Inu should get some attention before it is all said and done. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. The app also supports PIN, face, or fingerprint authentication for secure login. These discounts can be substantial for traders with high trading volumes, reducing the overall cost of trading on the platform. Nonetheless, many investors are long term believers in crypto passive income streams, and are also those who plan on holding crypto for the long term, therefore making the idea of earning passive crypto income appealing in general. Here, in the “Rating” tab, you will find hundreds of trading strategies provided by other traders. You are making a trade based on future price movements. Additionally, the app maintains a stable and secure connection, ensuring that users can trade without interruptions. Our website uses cookies. Circulating supply is 29565293914 XLM. If the prediction is wrong, the loss equals the pledged amount selected when making your prediction at the start. 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. Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and « noise » that overcomplicates many other platforms. PrimeXBT stands out as one of the best leverage crypto trading platforms in the industry. At current BTC prices, that’s nearly $1 million in additional revenue these traders were able to add to their bottom line. Our aim is indeed to provide a unique trading environment where traders can access not only a wide range of cryptocurrencies but also explore markets such as forex, commodities, and indices—all in one place. The platform also usually has welcome bonuses and competitions to earn free cryptocurrency. These contracts let traders long and short Bitcoin using a margin account.

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These include government agencies, white papers, research institutes, and engagement with industry professionals. With any type of account, margin accounts carry the normal risk associated with markets moving against the position you have taken. Alternatively, users may enter any amount of USD, GBP, or EUR, and the corresponding amount of BTC will be instantly updated to reflect the current market rate. Territories such as Puerto Rico, Guam, the U. None, registered in Seychelles and Marshall Islands. We’re continuously working to expand our selection to better meet our traders’ needs. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. To get started, do the following;– Visit PrimeXBT and click on ‘Register’ to sign up for an account– Deposit funds and start trading.

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As traders spend the majority of their time on the main trading platform, it is pretty important that it is well laid out and intuitive from a user interface perspective and has all the features and tools that one needs. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. 01% charged every 8 hours, you will be charged 6. The charting platform on Bybit is powered by the insanely powerful and popular Tradingview, which has become the industry gold standard for technical analysis traders. These can be accessed from inside your account by clicking on the «Tutorials» section in the top right of your account. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. After receiving the code, you must verify your email address. Go to the menu bar, select “Trade” and then highlight “Crypto Futures” from the dropdown menu. By working closely with stores like PrimeXBT, we are able to provide you with the latest discounts and even exclusive knock offs. The PrimeXBT Labor Day sale usually starts in the week leading up to Labor Day on primexbt. My experience with PrimeXBT’s customer support was mixed. Embark on a collaborative trading journey with PrimeXBT copy trading feature. Similarly, if you opened a 0. This indicates a high level of accuracy in order fulfillment, a crucial element in volatile markets where every second counts. Bybit has quite a few earn features available, which provide traders with plenty of opportunities for passive income. Due to its immense promise,. Ripple and XRP seek to disrupt the cross border payments industry and take on the likes of big banks, MoneyGram, and Western Union. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Are there any other companies related to FTX that have not spoken. If you are reading this thinking that this point is moot and that pretty much every exchange has a good user experience these days, I would recommend checking out our Gate. While most Bitcoin traders forex are day traders, some of them prefer to buy and hold Bitcoin without much intervention in the trades. If there’s anything else we can do to enhance your experience further, please don’t hesitate to reach out to us via live chat or email at. Like many exchanges, Bybit has different individual KYC levels users can opt to complete, including Non KYC, Individual KYC Level 1, and Individual KYC Level 2. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Regulatory developments can have a significant impact on the Cryptocurrency industry. Date of experience: June 30, 2024. Activating a second campaign of the same type will remove the previously active campaign along with any bonuses or rewards. Prime XBT does not charge deposit or withdrawal fees. Trade anywhere, anytime with the PrimeXBT App for iOS and Android.

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This bonus’s timing couldn’t be better – PrimeXBT just launched a complete revamp of both its platforms and website. Although this correlation has been observed it has not been confirmed. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. We’ve made several updates to improve performance and usability. 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. It also has a futures reserve fund that can cover any losses in case of market manipulation. It is a slow and steady growth forecast for the next couple of years, but they expect things to go somewhat exponential in 2027. Margin trading in the world of cryptocurrencies enables traders to control a large amount of digital assets using a small deposit. They also have a lot of educational materials which the quality of materials is better than other crypto exchanges. These updates were discussed in the February release of The Shib, the Shiba Inu’s community’s dedicated magazine, by the development lead of the Shiba team, Shyoshi.

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I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction,. User interface fixes and improvements. As far as fees are concerned, PrimeXBT is extremely transparent and guarantees some of the lowest fees out there. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. They let you trade things like company stocks, digital currencies like Bitcoin, foreign money like dollars and euros, and commodities like gold and oil. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. Knowing when to enter a copy trading relationship comes down to finding whether or not it will be fruitful. The Stellar supply was set to grow 1% per year but later this inflation mechanism was removed due to community vote. You can almost think of a cash account as a debit card versus a credit card. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. 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. For example, if the traders suddenly found themselves unable to pay, the broker may be left to cover the losses. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. No, PrimeXBT does not accept users from the United States due to regulatory restrictions. PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV.

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The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. But I found out a lot of them are prohibited for usa residents, even with a VPN. They do not invest in a cryptocurrency and leave their position for years and decades. 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. 🇺🇸 Not accessible in the US and Canada 🚫 Not regulated ❌ No spot trading option. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Worldwide, except regions that forbid cryptocurrency derivatives margin trading.