PrimeXBT Review 2024

Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. To deposit Fiat currency USD, go to the Main page,. Range of Cryptocurrencies Supported. For me it’s important, because my trading strategy is very sensitie to any kind of unexpected situations. Buying the top of a bull market can be a poor investment choice in the short term. Users can open accounts, deposit crypto, and start trading with just an email address. PrimeXBT may store various types of data, including trading history, custom settings, and account information. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. Generally, the thing that takes up the most time for customer support staff is KYC verifications. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. 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.

What exactly moves the forex market?

The Litecoin Foundation works with developing and adopting Litecoin, forming partnerships, funding opportunities, and the like. In addition, Fiat wallets allow users to deposit, withdraw, and transfer Fiat currencies. The spread will be variable in most CFDs, meaning that for a bid price to be valid, there needs to be somebody there willing to buy the contract. Save your heart don’t bother. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Owner: Prime Technology Ltd. You can reset your account password using the Password recovery feature. In our experience the customer support of PrimeXBT was very responsive. You’re able to easily calculate the required margin using the following formula. This trading venue PrimeXBT CFD is a mix between a crypto exchange, a crypto CFD broker and more recently, a Binary Options and Forex broker. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. At the same time, clients have access to the following terms and conditions. Once this threshold is reached, the crypto in question can no longer be mined or created. Much like Ethereum, which is in the process of a series of upgrades, Cardano is implementing a series of hard forks to expand what it does. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. If you ever have any questions or need support, don’t hesitate to reach out to. By facilitating fast and cost effective transactions, POL ex MATIC enables decentralized applications dApps to operate efficiently on Polygon’s Layer 2 scaling solution. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. They’re used to trace website activity and growth within the project. However, it’s uncertain how this fee structure stacks up against others in the market. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. The cryptocurrency market has seen rapid growth, but for many, the process of buying Bitcoin and other digital assets can be daunting due to stringent Know Your Customer KYC requirements. Reply from PrimeXBT Copy Trading.

Search By Post Flair

Payments to partners are made in the same way as other withdrawals, i. To start trading on PrimeXBT, setting up your account is a breeze: Simply provide your email and create a secure password. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot. Forex trading revolves around speculation on national economies, fluctuations in interest rates, and levels of risk tolerance. As the native token, POL ex MATIC is used to pay fees for transactions, secure the network through staking, and participate in governance decisions. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. While we may earn a referral fee when you visit a provider through our links or speak to an advisor, this has no influence on our research or methodology.

Share Posts

We’re committed to providing a cost effective and efficient platform for all traders. The platform features a diverse range of derivative trading instruments, including Crypto Futures and CFDs for both traditional assets and Crypto. So, is PrimeXBT the exchange for you. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. The approach is suitable for those with a higher risk appetite since in this case tha platform is using the whole available margin to maintain the positions. Doggy DAO is an active part of the Shiba Inu ecosystem, which allows holders of the BONE token, a specialized token that holders can exchange for, to play an instrumental role in the ecosystem’s future as part of the Decentralized Autonomous Organization. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. People fear the domino effectjhXRprimexbt ftx ftt. This duration accounts for the necessary security checks and processing time. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Related: MEXC Review 2023: How Safe and Legit is MEXC. Once the download and installation are complete, you are one step closer to accessing the trading features of PrimeXBT.

How do I contact support through the app?

These are professionally done and well presented. PrimeXBT is a leading cryptocurrency and multi asset trading platform that offers users access to a wide range of markets, including cryptocurrencies, forex, commodities, and indices. Dear Riyad,Thank you for your feedback. Our clients love how fast and simple our sign up is. Requests submitted before 12:00 are processed on the same day, and after 12:00 are postponed to the next day. I love the super easy to use interphase and how transactions works super fast and easy. Still, we are hesitant to recommend online brokers that aren’t subject to regulatory scrutiny, as it is harder to ensure they are safe to trade with. 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. However, make sure you understand the damage that misplaced margin trading can cause before you undertake it. Keep up the good work. However, there will be a bit of a learning curve involved, even for those who used crypto exchanges before. My experience with PrimeXBT’s customer support was mixed. Environmental and Sustainability Initiatives: Cardano’s energy efficient PoS consensus process fits in well with sustainability objectives. Mobile versions of trading terminals have somewhat reduced functionality. PrimeXBT offers an award winning crypto futures platform that supports copy trading. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. NOTE: After finishing the registration, consider enabling more security options in the settings page such as Google 2FA authentication. PrimeXBT’s unique selling proposition for traders is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. This requires monitoring a lot of different networks to be successful. Cryptonews has reported that investors are turning their back on XRP in favor of chronoly CRNO, which is demonstrating real world utility while XRP is fighting for its survival. Please let PrimeXBT know you found this position on Cryptocurrency Jobs as a way to support us so we can keep providing you with quality crypto jobs. For traders who want to get more analytical and news information, PrimeXBT communities in social networks Telegram, Instagram, Facebook are available. 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. Billions, if not millions of dollars, have been stolen from notable exchanges. However, as the so called “crypto winter” set in, Litecoin was a victim as well. Dean has an economics and startup background which led him to create Bitcompare. Like most crypto, you will need a wallet to store your new stellar. Due to these factors, technical analysis can provide a better chance of accurately forecasting the future price of many coins. With that said, let’s get into the full details of PrimeXBT.

Complete simple tasks for exclusive rewards

Sadly the track record of stolen investor funds within Crypto scams over the past years has been growing exponentially. There’s always a degree of uncertainty and risk involved. 100x or 1000x can increase potential profits, it also raises the risk of rapid fund exhaustion due to volatility. Our approach advises selecting traders with proven success records, advocating for the diversification across several traders to mitigate risk effectively. A trading signal provider can consist of one individual trader or a group of traders who distribute their signals to their followers, who then have to manually open the trades in their trading platforms. General Trading Contests Terms and Conditions. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Explore the world of trading with PrimeXBT and unlock new possibilities today. Reward Promotion Terms and Conditions. I can name advantages of this platform that I have noticed:a Leverage up to x200b commissions can be 0. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Virgin Islands, Northern Mariana Islands. Volet deposits are free, while Perfect Money charges a 1. Affiliates can promote using banners and social media worldwide, excluding explicit content. As stated above, KYC programs are designed to ensure the legitimacy of a market and avoid exposing clients to illegal activities. As for how fast withdrawals are processed, PrimeXBT processes them only once a day, between 12:00 and 14:00 UTC. The SandP 500 has hit a new all time high once again. In crypto, safety is paramount. Shiba Inu Whale Trades $3.

Coin Search

It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. Forex trading, in particular, is one of its key offerings. Still, their 24/7 support means help is always ready, anytime. Thank you for your support. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. PrimeXBT users share their real world experiences, showing how the platform works well in different trading settings. Trading should be considered only if one has the appropriate risk capital. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. Yes, trading fees typically include spreads, commission fees, and overnight financing swap fees, depending on the asset and platform. The amount of margin depends on the trading asset, for example. The platform has two types of fees, namely: trade fee and overnight fee. Looking back at Bitcoin’s previous 4 year cycle, we can see that it initially experienced a relatively modest upward move, followed by a challenging and prolonged drawdown period before the halving event. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. These rewards go beyond the ordinary, providing you with additional benefits. This could be ideal for those who like to trade with technical analysis. However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. 5 BTC position it would amount to 50x leverage against your Equity, and so on.

My Key Takeaways After Testing PrimeXBT Desktop

The leading community for cryptocurrency news, discussion, and analysis. Anti money laundering measures, adherence to federal regulations and keeping up with the evolving international guidelines regarding these issues, ensures that the crypto industry continues unencumbered. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. Returns or profits may be subject to capital gains tax. Calculation formula: Funding rate % Asset price Amount position size. In this scenario, a 10% price increase would yield a $500 profit. It functions well, lets you view your wallets, engage in trades, and view basic charts. Go to Settings > Security and enable Install from Unknown Sources if prompted. Proper planning and strategic decision making can help individuals strike a balance that aligns with their investment objectives while navigating the constraints imposed by the lock up period on staked DOT tokens. 7, which is a substantial decrease when compared to its all time high value. Payments to partners are made in the same way as other withdrawals, i. These help users understand the market and trading strategies better. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Positions do not have a time limit and can remain open indefinitely, as long as available margin does not drop to 0%. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. Select the destination where to send your Deposit to. 2024 00343, having its registered office address at PKF Corporate Services Ltd. As a new investor, you need to do thorough research into any project before committing your funds. Products crypto futures commissions●Products CFD Commissions. Here’s how it works. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Given the ever increasing news PrimeXBT minimum deposit of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. The fiat withdrawal process was straightforward but took a long time. Traders should also consider their risk tolerance and trading goals when developing their risk management plans. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Get access to a wide range of trading, investing, and Crypto services from a single app.

Risk warning

There are also more than 40 CFDs on cryptocurrency on the platform. This allows for the trader to benefit from a much larger position than would normally be available. This is a break down analysis of USDCHF ahead of this week’s U. Click the “Let’s go” button, because they will only take a minute and explain the very basics of the trading interface. Information regarding past performance is not a reliable indicator of future performance. 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. Only one Reward promo type may be active at a time. We do not recommend investing money you cannot afford to lose. Coming to the main point, PrimeXBT’s trading platform is easily one of the most eye catching features of the platform. Out of the 1 billion tokens that make up the maximum supply, 467 million have been issued as of spring 2022. This focus on transparency lets traders make better decisions and improve their trading results. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. Competitions on demo accounts can be a good way to learn cryptocurrency trading in practice. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Established in 2018, PrimeXBT provides access to over 100 assets and contracts across various markets, including Crypto, Forex, Commodities, and Indices. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The TradingView partnership gives PrimeXBT users industry leading charting capabilities without any added complexity. Economic events such as inflation, currency devaluation, and financial crises can lead to increased demand for Bitcoin as a hedge against traditional financial systems. I opened this long position with a tight stop loss. Labeled Verified, they’re about genuine experiences. The project is supported by the Cardano Foundation, Input Output Hong Kong, Emurgo, and a wide variety of partners and universities. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Maker fees are generally lower than taker fees and are designed to incentivize adding liquidity to the market. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd.

BYDFI

This leaves Volet and Perfect Money as the alternatives. They are typically a percentage of the profits and are calculated using the high water mark principle, which ensures that fees are only charged on new profits above the highest value previously achieved. Click the “Sell” button, and then click the “Send Order” button to execute the trade. Learn more about Baksta’s Legal Terms. Prize winners The lucky winners. You must make trading decisions yourself or use authorized and regulated services if available, such as copy trading platforms. Its all in one trading platform is designed to help you navigate the markets with ease and precision. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. 88 during the broader Crypto market bull run. Volume of $3,500,000 by trading CFD or Crypto Futures and get $100 on your trading account. I read a lot of reveiews and articles about PrimeXBT and I found out that this is the only platform that provides equally good trading terms across all asset categries. This fee applies to both market orders and limit orders. We are here to assist you. The network’s native coin, ADA, is named after Ada Lovelace, the 19th century British mathematician who is widely considered to be the first computer programmer.

Unlocked: Crypto Handbook!

For example: you have 0. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page. To get one of these bonuses, all you have to do is activate one of our exclusive promo codes. Your insights are invaluable in helping us improve. Unlimited via Perfect Money. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. The platform’s robust security infrastructure ensures a safe trading environment for all users. The current Spread for a particular order size can be checked at any time using the ‘Dashboard’ widget. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

ItaHUB Legal Tax Trend Report Insight view

“Dip buying” is a popular strategy, where a trader accumulates when the market prices are low. The trader closes the position and then returns the borrowed $6000 to the broker, as well as any minor financing fees. Reading the cryptocurrency market does not need to be a complex process. In our final thoughts, PrimeXBT shines with its trading tools, low fees, and secure setup. If « Holding » is a popular method to make money with cryptocurrency, and mining is a passive method to make money off Bitcoin,then trading is probably the most profitable way to make money. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Let’s connect and explore the world of words. What is the performance of these tools in practical trading scenarios. The PrimeXBT team has also made bold claims about their copy trading feature. Bitcoin ETF Options Expected to Launch Before 2025. Information regarding past performance is not a reliable indicator of future performance. They offer all the popular assets like forex, indices and commodities. Placing trades on PrimeXBT is simple, with an easy to use order form. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. There is a range of product offerings available on MEXC, including spot and P2P trading, futures trading, leveraged ETFs, and savings products to help you easily earn passive income from crypto. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited time offers and expanded options for Cointelegraph publications.