PrimeXBT Review – Margin Trading FAQ

The website is translated into 16 languages, is well organized and with enough information to get you started. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. The covesting feature is a game changer. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Getting started with PrimeXBT is quick and hassle free. Tesla’s BTC Positions Remained Unchanged in Q4 of 2022. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Concerning trading fees, they are crucial for maintaining a high quality, secure, and reliable trading environment. ” This can amplify both gains and losses. Com, and we’d be happy to assist you.

PrimeXBT Background

Third party service: you can use third party service, such as Coinify TC, which allows you to buy BTC, ETH, USDT, and USDC using your bank card, SEPA bank transfer and have it transferred to your Prime XBT wallet. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. I am pretty new to trading and I am interested in trading Bitcoin. These products are not suitable for all investors. The withdrawal process on PrimeXBT typically takes between 24 to 48 hours. To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. Chainlink also has an astronomical market capitalization of $8 Billion. Minimum order sizes, trade sizes, max exposure, leverage, and funding rates for longs and shorts, can be found here. Date of experience: April 29, 2024. You can go either long or short since you do not own the underlying asset. Leveraged trading allows the trader to take control of a larger position than would normally be possible by borrowing from their broker. What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. To fund a trading account. PrimeXBT has further helped users pick their ideal trader to copy by creating a Wall of Fame. Typically, at the time of entry, stop losses are placed away from the entry price, so if triggered, some losses will still result. We also appreciate your recommendation of the indicators for new traders. For example, if you deposited with Volet, you must also withdraw using Volet. Risk management tools like stop loss protection or take profit orders are necessary to keep losses to a minimum and profitability high.

Company Details

PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. I found the KYC process to be straightforward, with my account being verified instantly. FSCA Regulated Forex Brokers. The trading platform is great. The losses you make with short selling will surpass your initial investment. After that, a personal link will be available in your personal account. Succes hangt af van het selecteren van bekwame handelaren, effectief risicobeheer en marktbegrip. They also vary depending on the asset being traded and the leverage used. Professional, Presenter, Motivational Safety Speaker and Safety Program Development. This leaves Volet and Perfect Money as the alternatives. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. Less regulated organisations on the other hand would be more likely to try and avoid KYC regulations. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. It is possible to contact a https://primexbttrading.com/ manager both directly from the site via a dialog box and via a Telegram bot. These factors make PrimeXBT an attractive option from a cost benefit perspective. Do not link any content to this sub or beg votes or comments. When using an isolated margin type, your leverage is capped at x100.

PrimeXBT Trading Platforms

Our website uses cookies. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. It is also worth pointing out that the PrimeXBT copy trading minimum deposit is simply as low as it would cost to cover the lowest margin trade in question, which is great for beginners. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. If you’re wondering how to report crypto futures trading on taxes, you can read our article covering crypto tax rules around the world for 2024. Users can trade long or short, with margin. To generate an account statement, select the required Margin trading account, enter the desired statement timeframe and click ‘Statement’. PrimeXBT provides address whitelisting, meaning only the addresses that are pre set may be used for withdrawals. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Follow us to get the latest PrimeXBT coupons on Reddit. The platform, however, lets you fund the trading account with Bitcoin only. Check out these trading options. This causes a slight delay in funds being available in the account.

The Trustpilot Experience

414 Fibonacci extension target was reached. But, the platform focuses on major assets, ensuring trading is liquid and stable. Unlike most exchanges today, KYC verification is optional on PrimeXBT. Trading, on the other hand, allows for planning exits of positions under certain conditions, specified by the trader. If your position goes against you far enough, you will be given what is known as a «margin call», which will close out the position. Crypto analyst Nick of the Cheeky Crypto YouTube channel has provided an ultra bullish prediction for Cardano ADA. The program is transparent, has live statistics, and ensures timely payouts. With that in mind, if we do start to see real world adoption, then crypto has a chance. 🔥 A different way to trade for all experience levels. A taker fee is incurred when you execute a market order and take existing liquidity. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. The “Unbound Networking and Accelerating Growth Initiative” seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. In short, the $100 investment would have increased by 6318. PrimeXBT has investigated the markets and found some relevant data about BTC/USD that we would like to share with you. However, those benefits come with a large drawback: Social trading is not automated. Withdrawal: It is possible to withdraw funds once the required volume of trading has been completed. If you have any further questions or require assistance, please don’t hesitate to reach out to us. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This top rated crypto exchange supports spot trading and derivative products – so there’s something to suit all strategies. Crypto trading is like a relationship. Risk management tools like ’take profit’ and ‘stop loss’ are also available. PrimeXBT also offers low spreads on forex pairs like EUR/USD, which helps forex traders a lot. Last Updated: June 14, 2024. Whether you need help with your account, have a question about trading, or just want to learn more, our team is here for you 24/7. Review collected by and hosted on G2. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. Index fees include a commission of 0. 8 for PrimeXBT Futures Pro. Partnering with PrimeXBT offers various benefits, including financial benefits like custom payouts for high value partners and the ability to earn CPA from deposits as low as $1.

$100 Minimum Deposit

I did not lose 6$ , you claim of giving 1/100 leverage but I should not use it 1/100 because the very second price goes bad for even 1 cent you take it all. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. The exchange has deep liquidity and near instant trade execution. A rising ADX line suggests the strengthening of a trend, while a falling line indicates a weakening trend. 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. 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. Throughout my testing, the app performed smoothly without any bugs or glitches. I’ve looked everywhere and asked on some online forums and it seems it’s not possible.

Futures Trading Fees

Very High Triple A rating by Certified. US users have access to more than 70 coins, which far outpaces PrimeXBT. The first game, Shiba Eternity, is already available for Android and Apple mobile devices and is a competitive, Shiba Inu ecosystem themed card game. In 2020, it was the subject of a TikTok trend where users attempted to pump and dump the price of DOGE Coin. 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. Formal verification, a mathematical method that verifies the accuracy of smart contracts, is something that the development team of this project places a lot of emphasis on. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. Reply from PrimeXBT Copy Trading. 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. What is more, with PrimeXBT, you can speculate in this price movement with a high level of leverage that is up to 100x for crypto trading and 500x for forex Thời gian rút tiền từ PrimeXBT related products. This Bitcoin will be then automatically transferred to the BTC wallet address in PrimeXBT. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. The futures sector is a fascinating aspect of the crypto trading world. As a result, further dollar weakness is anticipated in the coming month. You can track the status of your withdrawal under the ‘Last Withdrawals’ section. The broker is licensed and regulated. As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. PrimeXBT is an acceptable choice for day traders. In 2017, it was established as a subsidiary of OKCoin. 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. We understand that KYC procedures can sometimes feel burdensome, but they are crucial for preventing fraud and protecting all our users. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. If you experience any issues with importing the file from PrimeXBT, please contact customer support. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. Traders and investors use our platform. For more information, read our Terms, Cookies and Privacy Notice Manage Cookies.

Extremely limited number of trading pairs

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Let us have a quick drive to see how you can very easily use a VPN on your android mobile. The processing time for deposits varies depending on the cryptocurrency and blockchain network used. For instance, funding fees for BTC on Binance and Bybit were both 0. ✅The money might not show up in your PrimeXBT account for a few days after the transfer is complete because of how long banks and third party services might take to conduct the transactions. In my opinion, PrimeXBT is a great choice for Namibians, their support team is helpful and accessible, and the platform is frequently updated. Prime Technology Ltd is PrimeXBT’s Technology Provider. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. Here’s Why the Crypto Market is Falling. The majority of PrimeXBT’s assets are held in a secure, offline security system, with a limited quantity of Bitcoin held in internet connected wallets for executing trades. Dear Heitor,We’re glad to hear that you appreciate the diverse trading options available at PrimeXBT, including CFDs and crypto futures. Deposit – Purchase crypto via bank card or transfer via third party companies. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. PrimeXBT has never suffered a hack or security breach during its operational history. Over the years, FinCom has established itself as a prominent self regulatory body with top brokers among its members. The behaviour of the support and resistance levels can create a larger market trend outlined by a trendline. This means that on Bybit, you’ll actually get paid for using limit orders as a market maker. We appreciate your feedback on adding more features for analysis. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. I am pretty new to trading and I am interested in trading Bitcoin. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Subscription response. Since its founding, PrimeXBT has grown substantially and now serves clients in over 150 countries and is a well known and respected exchange for providing clients with access to top tier liquidity and robust trading tools. No CFD trading fees, but watch out for spreads, commissions, and swaps.

Risk warning

June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. 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. Access full trading functionality with the PrimeXBT Android app. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. For me onboarding at PrimeXBT was seamlss. Other services include an NFT marketplace, data analysis, cloud mining, and more. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. You want to add to your winners and to cut your losers short. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. This example underscores the importance of. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. $20,000 or equivalent for unverified users. That said, experts see XRP continuing to gain value through the next few years. I want to start trading on PrimeXBT. PrimeXBT is more of a traditional brokerage that also offers crypto trading, as opposed to Bybit, whose sole focus is crypto trading. This means that they can make money on a fall in the price of the asset. Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions. However, like all trading activities, it involves certain fees. It took a solid decade for Tesla to. However, to engage in meaningful trading and cover the margins required for positions, a practical minimum amount should be considered, which might vary from $100 to $500 equivalent in cryptocurrency. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. There is also no news of hacks and funds being stolen from the crypto exchange.

Earn Huge Exclusive Binance Learners Rewards

However, traders are also interested in new assets that show growth potential. Type above and press Enter to search. Transfers between hot and cold wallets use multi signatures, which reduces the risk of a single point of failure. Even if you prefer not to download a mobile application, keep in mind that we offer a superb mobile version of the platform. To cancel a withdrawal on PrimeXBT, follow these steps to ensure your funds remain in your account. There is no typical approach to job search tactics. Arbitrage is a method that allows you to take advantage of the different prices across different cryptocurrencies, and exchanges, and to buy at lower prices in one place and sell higher at another for profit. Make sure to activate your promo bonus promptly to start benefiting right away. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. The fact that it allows the trader the ability to control a larger position than usual means that it can carry outsized losses if not approached properly. PrimeXBT also offers a lower flat fee schedule, but both exchanges offer the option of advanced charting and crypto to crypto trading pairs using Coinbase’s Coinbase Pro product and PrimeXBT’s online and mobile platform. To put it into perspective, consider the following examples. As a result, clients can trade cryptos, traditional CFDs, as well as accessing the firm’s copy trading service and trading contests from one slick interface. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. They promote their especially glitch free and stable trading engine as they have a most advanced trading system based on one of the best technologies in the industry. However, since the Beacon launch. Since then, it has also been interpreted as “hold on for dear life”. How does The Affiliate Program on Primexbt work. To be frank, I’m still struggling to adjust to the website’s design; comprehending all the details is quite challenging. Insights into PrimeXBT’s Cryptocurrency Trading.

Up to $7000 Tradable Bonus on your First Deposit💰

Author at Traders Union. Very low spreads with low commissions. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. By November 2013 though, it had practically hit the moon at $1,100. It is not overwhelming, and making transfers is hassle free—even for beginners. 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. Everybody has a chance to receive a discount at PrimeXBT. XRP has lost more than 44% of its value in the past year and is down 88% from its all time high of $3. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain centered projects and hasn’t looked back ever since. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. 8 for PrimeXBT Futures Pro. They are located in the Seychelles and at the time of writing, our experts were unable to find details related to their regulations. 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. 2023 looks like a process of “bottoming out” for Stellar. To better understand the whims of the market, one needs to consider that the market is a collective group of other speculative investors and traders. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals.

Important Notice

Regulated by the authorities in Cyprus. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. This ensures smooth deposit and withdrawal processes customized to the preferences of traders in the United Kingdom. Io feature is another big plus. Crypto futures platforms are not equally available in every country, as they face different legal and regulatory challenges depending on the jurisdiction. $20,000 or equivalent for unverified users. Lastly, you can’t rearrange or resize modules on the desktop platform. ” In the ensuing “New Order” dialog, select “Sell. It boasts a $545,000,000 daily trading volume that involves 80+ trading assets. The 24 hour trading volume amounts to $36684260952 USD.

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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. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading. You need to know when it is time to get in, and more importantly when it is time to get out. Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide. In particular, decentralized exchanges may be more secure than centralized exchanges due to their non custodial nature. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. 01% per trade, which is competitive compared to other platforms. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. The major pairings include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, and USD/JPY. If you have any further questions or require assistance, please don’t hesitate to reach out to us. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. PrimeXBT delivered a seamless trading experience. You can also sort markets by name and 24 hour change. Here’s a clear breakdown of all PrimeXBT fees and commissions. Due to its immense promise,. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk.

Unlocked: Crypto Handbook!

PrimeXBT’s advanced tools include TradingView integration, a proprietary order book, and advanced charting for informed trading decisions. This mobile app provides strong functionality, allowing users to trade on the move, track markets instantly, and easily handle their accounts on any iOS or Android device. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. The fiat withdrawal process was straightforward but took a long time. 🔘 Example: If you’ve identified a support level at $50 for a stock, you place a buy order as soon as the price touches $50, expecting it to bounce back up. In rare cases it may take up to 24 hours to process your withdrawal on a business day. And OFC the main source is spreads. 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. The following data may be collected but it is not linked to your identity. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. 05% for cryptocurrency trades, 0. The code is valid for Resend OTP.