PrimeXBT Review 2024: Features, Pricing Pros, Cons and More

Among the plethora of tools and techniques available, trading orders stand out as critical components that can significantly impact a trader’s strategy, risk management, and ultimately, their profits. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. Potential for high profit sharing for traders. This article covers all you need to know about the PrimeXBT affiliate program. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 45 cryptocurrencies. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. This allows traders to sign up quickly, make their first deposit, and starttrading, long before a user of any other exchange is able to upload theirpersonal identification cards. The processing time for transactions depends on the payment method. The crypto market is quite different from the stock market. Finally, PrimeXBT also runs a pretty unique medium blog.

PRIMEXBT Promo Code — 50% Off Sitewide in July 2024

Quite a nice and long read Primexbt review, I liked that. Trade with bonuses and rewards from PrimeXBT. Bitcoin margin trading has helped inject institutional investors into the industry, which is a significant factor behind Prime XBT’s popularity. Disclosure: To ensure our site’s review data always https://primexbt-trading.com/withdrawal/ stays free and running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. Crypto futures platforms are not equally available in every country, as they face different legal and regulatory challenges depending on the jurisdiction. 🌟 Join the PrimeXBT affiliate program today. Prime XBT Promo Code 35% : HORUTA. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. The best platform in the world will become the worst one in an instant for someone who has all their funds stolen from the exchange. Learn more about Baksta’s Legal Terms. Another cool feature that sets PrimeXBT apart is that users can design their own trading contest for their communities. Much like other Crypto signals providers or free Crypto signals Telegram groups, RWS also offers VIP subscription channels.

20 Myths About PrimeXBT Web Trading in 2021

CFD trading on PrimeXBT allows you to speculate on the price movements of various financial assets without actually owning them. You just require promoting the PrimeXBT brand on all channels and trying to bring in new customers and the platform will give you money for it. Effectively using leverage requires a combination of knowledge, strategy, and risk management. We process withdrawals daily between 12:00 and 14:00 UTC. PrimeXBT, on the other hand, also offers major and minor forex pairs, global stock indices, energies such as crude oil, plus precious metals like gold and silver. Partners can earn up to 50% revenue share by referring clients to PrimeXBT and enjoy lifetime commissions, meaning they continue to earn as long as their referred clients trade on the platform. The workspace is fully customizable and offers a range of visualization tools, execution methods and trading histories. Slippage stats at Prime XBT. In copy trading, your trading results fully depend on the trading performance of your followed traders. This is very simple in theory, but a lot more difficult in practice. Many praise the trading technology that makes trading smooth and efficient. Johnson joined the Traders Union team. Traders begin shorting Bitcoin on PrimeXBT by conducting thorough analysis using PrimeXBT’s toolset. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Traders have blogs, and users can chat with them. Like any investment, a thorough understanding of the platform, its offerings, and the customer and support team is vital before getting started. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. The design of PrimeXBT’s platform is sleek and minimalistic. A market trend is a phase or period of time when an asset tends to move more so in one direction than another – either up or down. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money.

Mostly percents

We’re glad to know that you’ve found the benefits valuable. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. They are essential as a risk management tool to control losses when it comes to leverage trading. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. PrimeXBT is supported, however, in over 150 other countries worldwide. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. I started using their platform quite recently. Some of the links on this page are affiliate links. BingX is another reliable crypto exchange without KYC verification. 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. PrimeXBT places a high emphasis on security. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. Manage risks with stop loss and take profit orders, and earn in BTC, ETH, USDT, USDC, COV, and USD for flexibility and diversification in trading and profits. If you are using a credit/debit card, the transaction processing fee would be around 10% of the deposit amount. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Are you an Apple user. Visit the fees section to confirm the exact fees on the day. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Trade like a pro, even when you’re on the go, with access to a powerful yet easy to use trading platform in the palm of your hand.

Proof of Reserves

Jacob Crypto Bury also maintains a Discord group that traders can join, share ideas with the community and receive frequently shared trading signals. Starting Price:Available on Request. This allows access to the markets. Due to its immense promise,. All of which is a timely reminder to be careful when margin trading. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and are not intended for UK consumers. Don’t worry, we don’t spam. I believed that their primary focus was on crypto, as I had been trading these assets and found the terms appealing. Be advised, leverage trading is very risky and only experienced traders should try it. Charts allow traders to perform technical analysis to identify entry and exit points. Stock market indices are hypothetical portfolios of stocks that represent specific markets. 01%, while on PrimeXBT, they were consistently over 0. Compare the markets and instruments offered by PrimeXBT and its competitors. In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. When a participant opens a position on a contest trading account, it counts towards their Turnover indicator based on the amount of the position, and it also increments their Number of Trades indicator by one. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. The leaderboard list, which opens up when you launch the PrimeXBT copy trading tab, shows the number of days each account has been active, the total percentage of gains they have made, and the total follower equity. Awesome didn’t believe it until I was able. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Twitter: aylerTBMLinkedin. Tüm Hakları Saklıdır © 2023 Localveri.

Desktop Version

Leave your genuine opinion and help thousands of people to choose the best crypto wallet. For users who opt to complete the KYC process, MEXC offers increased withdrawal limits. Users can contact customer support by email at. One of the most crucial global commodities is oil, which serves as both a fuel for the planet and a. 🎢 Bitcoin continues its thrilling roller coaster ride, day and night. 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. Regardless of which way you trade, protecting your trading capital is paramount, and a trade should never be entered without at least a stop loss order attached to it. Here’s a simple breakdown. Another user also posted their earnings , revealing they also had « got in the right time and with the right amount. Devexperts made several more tweaks. I opened this long position with a tight stop loss. 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. Each time you open and close a position. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. The next step is to check PrimeXBT’s cookie duration, displaying how long a cookie lasts from the last click. It offers a wide range of financial instruments, including crypto CFDs, commodities, indices, and forex. To open the account, you need to provide your name and email address. Our 2024’s Recommendation. Please follow the links to each of our affiliated broker’s websites. Remember, each standard lot is worth 100,000 units of the base currency, or the first one that is being quoted in terms of the second one. For example, a 2x Bitcoin token would offer traders 2x the volatility and exposure to movements in Bitcoin value. You can deposit any amount that would be sufficient to provide the required margin for your trades. Los participantes pueden ganar comisiones atractivas sobre la actividad de trading de sus referidos, potenciando su capacidad de ganancia mientras expanden su red, con un sistema de jerarquía único de 4 niveles. RELATED: Best Day Trading Platforms.

Has PrimeXBT ever been hacked?

Let’s say you’ve defined a trend following trading strategy in your trading plan. I just opened trading account on this platform and still learning its functions🧐I noticed that I have several trading modes account types available to meI chose crypto trading. Last night Wednesday I started to test a new trading system I created on a somewhat small account. 02% 70 000 2 = 28 dollars. Thank you for your feedback. On LinkedIn alone there are 22 PrimeXBT team members. Limits on trading pairs minimum trade sizes and maximum risk/exposure can be found here for each pair. Licenced in Seychelles. According to CME Group’s FedWatch tool, as of May 9, there is a 97% chance of no rate cut at the Fed’s next meeting on June 11 12. Insights into PrimeXBT’s Cryptocurrency Trading. 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. Important note: you can primexbt deposit bonus more than 0. Safety and stability are the only things that matter when I trade. Find out how we combat fake reviews. Generally, unrealized P/L does not include fees such as commissions or swaps; it only reflects the profit or loss based on price movements. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Use correct spelling, grammar and punctuation. Dear Jake,Thank you for your feedback and review. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. While Shiba’s initial release as a meme coin attracted speculative investors—and it certainly lived up to the hype—Ryoshi’s comments and attitude toward growth have helped to attract and build a community of like minded individuals. 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. Here, you can choose the exact amount of BTC that you want to close from your position, and when you input this, you can simply hit the blue button.

Best Price By Payment Method

2024 00343, having its registered office address at PKF Corporate Services Ltd. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. At the time of writing, Apple is trading at $219. Best regards,The PrimeXBT Team. It explicitly states in its terms and conditions that it does not provide its services to residents of the United States of America. However, for someone who doesn’t want to give away his data just like that, PrimeXBT is better suited. However, there are inherent risks with any new technology. Additionally, you cannot set stop losses and take profits directly from the order form. For more details or to get started, visit PrimeXBT. Traders have the option to spread the platform out across more than one screen or can have numerous different markets on a single screen. Simply put, there are better crypto exchanges that provide more robust and developed features than PrimeXBT. Effective customer support and access to educational resources are essential for a positive trading experience. It is designed to appeal to both high frequency traders and those making occasional trades. If you have any further details to share or require immediate assistance, please do not hesitate to contact us again at. This proactive approach is key to successful trading. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Vincent and the Grenadines. However, even in the CFD markets, there is a certain amount of interest that is paid. OpenPeer never holds your funds and uses a smart contract based escrow system. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. For the readers of The Money Mongers, PrimeXBT is offering a deposit bonus promo code of 35%. Let’s take XRP/BTC for example.

SERVICES

One notable feature of the user interface is the inclusion of an order book, which provides traders with real time data on buy and sell orders for a specific cryptocurrency. PrimeXBT offers mobile apps for both iOS and Android, enabling you to trade on the go with the same functionality as the desktop platform. Returns or profits may be subject to capital gains tax. Financial Services: By enabling secure and open transactions, smart contracts, and decentralized finance DeFi applications, Cardano has the potential to completely transform the financial industry. There’s no limit to how much partners can earn, and the more their referred clients trade, the more they earn. To withdraw Fiat currency USD, go to the Main page. PrimeXBT Main Site posts separate notifications for planned maintenancework. At the time of writing, customers can only withdraw cryptocurrencies; there is no fiat off ramp available for fiat to bank withdrawals. This ad promotes virtual cryptocurrency investing within the EU by eToro Europe Ltd. Note that you might have to share your personal identification if you intend to use any of the services mentioned above. PrimeXBT is different from other platforms And this has both +advantages and some disadvantages. A correlation that has emerged as of late is between Crypto and Stocks, since both are considered assets that are invested in when the economy is in a growth cycle.

Get In Touch

However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. Despite these limitations, there are zero trade fees for asset swaps via the Exchange. By working with the top market makers, PrimeXBT offers the deepest possible liquidity for minimum slippage. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. MyCryptoParadise is another “Freemium” provider, it offers both free signals and a paid membership. Though, where PrimeXBT is pretty cool is that they also offer forex trading, commodities like gold, silver, oil etc. From this we can conclude that the exchange is still more suitable for users with at least a little experience in the crypto market. Unfortunately, an Ethereum price prediction is made even more challenging by the fact that the Crypto market is notoriously volatile, and assets tend to follow each other – especially the OG Bitcoin. To receive max rewards, encourage your referrals to invite more folks. Gain trust and grow your business with customer reviews. Consider factors such as fees, security, and user reviews. This is fantastic for beginners who may not want to be daunted by every feature that PrimeXBT offers, as well as advanced users who would prefer a streamlined view that focuses only on the elements that matter to them. Crystal analytics tools ensure PrimeXBT’s AML procedures comply with global regulations and improve safety and security for PrimeXBT clients. PrimeXBT is no exception. Get the latest updates, analyses, and trading strategies focused on Bitcoin. You’re all set to explore the platform and start trading. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. PrimeXBT presents an interface that’s both customizable and user friendly. For example, you are unable to execute an x50 BTC futures contract using cross margin. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Org is regularly audited and fact checked by following strict editorial guidelines and review methodology. KYC is optional on PrimeXBT. With Chainlink prices being closely watched by analysts and whales, we’re here to give you the lowdown. Deposits in BTC only. The user friendliness of both platforms is discussed, with the author noting that PrimeXBT may not be beginner friendly due to its high leverage options, while OKX offers a user friendly interface and features like a top 10 movers list and a convenient buy and convert feature. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of instruments like crypto, FX, and commodities.

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Crosses include AUD/JPY, EUR/GBP, and GBP/JPY, with exotics including USD/THB and USD/MXN. It is worth noting that Perfect Money charges the 1. This feature allows you to automatically replicate and profit from the trades of successful traders without having to personally trade on the market. Some copy trading platforms may ask you to choose how much of your funds you want to allocate to a specific trader, which helps keep your risks under control. For this sample position, we will use a regular market order to buy BTC at the current rates. However, there are some regions where PrimeXBT does not accept users, including. On PrimeXBT, you can trade futures on popular cryptocurrencies, including. We couldn’t find anything matching your search. This platform has some regulations not from very hefty organizations, but I read information about them and they are quite reliable. To deposit or withdraw funds on Covesting you will need to submit some Know Your Customer KYC documentation. The platform lets crypto traders place bets on all types of assets available as ERC20 tokens, offering DeFi derivatives trading. To put this in perspective, if you decided to buy Bitcoin in early 2017 when it started getting mentioned in mainstream media and was valued at $1,000 USD and then sold it a year later you could have walked away with as much as $19,000 USD of pure profit. The present scenario of the crypto market is attracting lots of new users to the market. Any XRP price prediction for 2030 or beyond is one part faith, and one part guess. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Assessing the underlying network of a token before investing in it allows a trader to understand if there is the potential of their investment growing in the short and long term future. Alternatively, traders can also engage with the global markets for commodities. A Stellar Lumens price prediction is difficult, unless you know the consensus. 3 billion fine for failing to comply with AML regulations. For investors keen on testing their trading skills, PrimeXBT’s Contests are a must visit. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. Let’s take a bird’s eye view of the products available on PrimeXBT.

PhanT

When Bitcoin was first created, it was virtually worthless. Margin trading is a great tool if you have a profitable trading system. If you ever need assistance, feel free to reach out to us at. 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. Vincent and the Grenadines. Traders benefit from stringent security measures like mandatory address whitelisting, two factor authentication 2FA, and SSL encryption. Investing with a long term perspective, such as over a 20 year horizon, requires understanding the factors that might influence the SandP 500’s performance over such an extended period. These products are not suitable for all investors. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. It seems that the platform focuses primarily on providing an easy to use and accessible interface for beginner and professional traders alike. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. You can trade in markets like BTCUSD, ETHUSD, LTCUSD, EOSUSD, ETHBTC, LTCBTC, and EOSBTC. Like Litecoin, Dogecoin uses the proof of work algorithm for consensus of the blockchain protocol. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Dive into trading excellence with PrimeXBT today. Breaking: Venezuela’s Dramatic Crackdown on Binance and X Unleashed Amid Election Uproar.

Worse

However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. When looking at eToro and PrimeXBT, both these platforms seem similar, offering similar products and options to the traders. Below is an in depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency. A seasoned Chartered Market Technician, Tony’s prowess in identifying and capitalizing on market patterns is unmatched. Because of this, you are better off trading Shiba Inu in the CFD market, which is the contract for difference markets. In response, PrimeXBT may send an email or message with a coupon code to encourage you to return to the site and finish the purchase. The broker supports only three deposit methods credit cards, cryptocurrency, and bank transfers whose fees depend on the issuer, network, and vendor, respectively. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. To get a better understanding of where the market could go, it makes sense to pay close attention to technical analysis, as it can filter out a lot of the fundamental noise, as well as underlying biases of analysts. 001 BTC and can be turned into a much larger position using leverage. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.

Equal

32 to send USDT over the BEP20 network. Yes, PrimeXBT periodically updates overnight fee rates based on market conditions and other factors. Furthermore, the Maker Fee is 0. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. If you’re wondering how to register on PrimeXBT exchange, you’ll find it a straightforward process. His expertise enhances PrimeXBT’s educational offerings, helping users understand complex financial technologies and market dynamics. A detailed list of all available pairs and instruments can be found here. These tokens are designed to provide traders with magnified exposure to price movements of various assets, either upwards or downwards. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Choose traders whose focus aligns with your preferred markets and goals, considering the risks specific to those markets. It’s very difficult to correctly calculate all the tax outcomes of your crypto by hand unless you’re a tax accountant. All reviews, either positive or negative, are accepted as long as they’re honest. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain.