PrimeXBT Review 2024: Complete Exchange Overview

Here’s a breakdown of the pros and cons. Buying Crypto – allows you to buy BTC, ETH and ERC20/BEP20 tokens USDT and USDC using a Bank Card / SEPA transfers / Gift cards / Alternative Cryptocurrencies via third party exchange services. If negative balance exceeds Bonus due to trading losses and/or fees and commissions paid, the Bonus is considered to be spent. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. Charts allow traders to perform technical analysis to identify entry and exit points. The main feature that’s lacking is the Contests module, so you can’t enter competitions or take advantage of free demo trading on the mobile app. Does the Crypto signal provider offer multiple ways you can receive their Crypto signals i. 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. Imagine a world where blockchain transactions happen instantly and without breaking the bank. Stellar future price will continue to be difficult to predict at times. 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. Our website uses cookies. It is rare to find an innovative project with a team entirely dedicated to marketing. Clicking on any of the pairs listed here will bring you to a screen that lets you buy or sell the crypto in question. This gives the trader the advantage of making money on « borrowed funds ». 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. If you deposit less than 0. Withdrawing is relatively straightforward, needing just a quantity and crypto wallet address to be input. 1:200 leverageTo open this position, the Required margin = $9,000/200 = $45 0. IntelligentHQ Your New Business Network. If you don’t own any Bitcoin yet, you can check out our list of the best exchanges where you can buy Bitcoin. Welcome bonus provides the ability to claim a special bonus of $100 for making a deposit of at least $500 within the first 48 hours for all new users.

Get up to $7,000 Bonus on Your First Deposit at PrimeXBT

However, PrimeXBT pulls away from its competitors primexbt-investment.com in the cryptocurrency exchange industry through its range of CFDs extending beyond cryptos. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. They can be used in various financial transactions, including retail purchases, investments or just as a store of value. The SEC claims that Ripple executives used XRP tokens to raise funds in 2013, while the coin was an unregistered currency. Last month, Changelly offered an XRP price prediction of $1. PrimeXBT does not require KYC Know Your Customer verification for its users. Copy Trading: PrimeXBT enables users to copy the strategies of leading traders through the ‘Copy Trading’ product. The most important thing is trust for primeXBT. In order to service their current payments and withdrawals, they will also need to run a « hot wallet, » but only a limited number of coins are kept in this state. So, in order to trade Bitcoin and major altcoins with leverage, you inevitably have to turn to alternative platforms. The financing fees for holding the position past 24 hours hit and brought my margin down to 13%. It doesn’t matter if it is a buy order or a sell order, they can help improve the price.

I made some profit and withdrawed it…

Whether going long or short, a trader can utilize the power of leverage to increase their profit by up to 100 times. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. The platform’s built in charting tools are a standout feature, powered by the industry leading TradingView. Users must register before making a deposit to trade on the PrimeXBT platform. When Bonus is active, Balance may become negative due to trading loss or fees incurred. Step 1: Head to the PrimeXBT homepage. There is charting, easy order execution, and account management. A withdrawal requested before 12:00 UTC will be processed the same day. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. Cardano has established itself as a prospective participant in the blockchain sector thanks to its scientific base, distinctive features, and emphasis on sustainability. We take your trust in PrimeXBT seriously. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. 05% and high leverage up to 1:200. Commodities and indexes have a larger variation in trading hours due to local trading hours. It is a great diversification hedge. Rember that this doesn’t constitute investment advice, and you should do your own research. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. You can also pick a margin account with a different currency other than Bitcoin. Furthermore, PrimeXBT’s competitive trading fees enhance the appeal of trading traditional asset CFDs on the platform. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. However, controversy has surrounded Bitcoin Cash since August 2017, with many people disapproving of its focus on denigrating Bitcoin instead of advancing the coin. If you cannot meet the necessary margin necessary for a position, your broker will start to sell off securities to bring enough free cash back into the account to cover the margin necessary. PrimeXBT has access to over 12 liquidity providers and has an average daily trading volume of around 1 billion at the time of writing and is used by a few million users located around the world. Leverage trading enables traders to magnify their trading profits by borrowing funds to open larger positions than their account balance allows.

Payment Method

They provide trading tutorials, platform guides, and analysis articles to equip you with knowledge. Gain up to +90% in minutes » etc. We may include partnership links, but they don’t affect our ratings or recommendations. In this case, a trader who is trying to stay away from a margin call, may need to add to his margin price. Sell orders are filled with Bid quotes offered by a liquidity provider for the given order size. Alternatively, you can also activate a promo code from the ‘Margin’ page of your account. The platform is simple and slow and It goes out of reach in critical situations, especially for maintenance and has a poor app for iPhone too. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. The copy trading module on PrimeXBT is extremely user friendly, filled with a wide range of information about potential individuals and bots to copy from. 6 BTC at the market low of $3900. The markets can suddenly move in one direction or the other, and it isn’t always favorable. Answer the following questions to establish the kind of trader you are to pick a platform that suits your preferences. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Another option is available for users who do not wish to use the above mentioned third party services. Level 1 only requires email verification and you’ll be able to deposit, trade, stake, and withdraw up to $5,000. Upon registering, you can make a Crypto or Fiat deposit or purchase Crypto with a credit/debit card or bank transfer to begin trading. If you get a PrimeXBT promotional promo code, you will be able to benefit from discounts on the platform’s trading fees. However, one aspect that could be improved is the absence of an API. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. With that said, you will need to load funds onto your profile before you can start trading Bitcoin, for example. However, interestingly, you cannot access lower leverage while still using cross margin. For traders seeking to amplify their potential returns, PrimeXBT offers leveraged trading options. This exchange is made to be the most decentralized and secure one in the world. You can review current trading fees and overnight financing rates and detailed information about trading conditions for the selected instrument in the ‘Contract Specification’ section or on the main website page here.

UP TO $30,000 BONUS

However, interestingly, you cannot access lower leverage while still using cross margin. For USDT and USDC TRC 20 tokens the TRON network is also available. Margin trading platforms like PrimeXBT give traders the ability to maximize their capital by using leverage. A b c d e f g h i j k l m n o p q r s t u v x y z. Via the Main page, users can view. Cardano’s all time high was $3. Crypto Withdrawal Fees.  » All rights reserved. I have no bonus found. If your prediction is correct and ETH price climbs, you may decide to fix a profit. Something that most traders are no doubt aware of is the risks of « order slippage ». When it comes to buying Bitcoin or any cryptocurrency, there are plenty of options. Your interaction with StormGain offers a streamlined trading environment. Traders can manage positions utilizing the stop loss and take profit options. The potential issues with the banking sector also have a lot of people concerned, and if we end up finding some type of financial crisis like we did in 2008, that will certainly have a global negative influence on anything risk related. This means your earning potential is enhanced with PrimeXBT. It’s made my online trading a lot easier, more efficient, fast and the fees are definitely the lowest compared to other platforms. One pip is usually the fourth decimal point in the price. That’s everything there is to it. Bitcoin is back as the crypto winter that saw BTC/USD fall 77% to a low of around $16,000 is well and truly over. However, as the bear market reverses, more and more preference is given to top list performers, such as Bitcoin and Ethereum. Complete the official BitDegree Web3 Exam and get rewarded. You are responsible to maintain sufficient margin levels, otherwise positions could be liquidated. The customer support team can help with a range of queries, from how to change leverage, liquidation prices, funding rates, orders rejected, platform maintenance and more. It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded bought and sold within the last 24 hours on this specific crypto exchange. Given the recent spike in interest in bitcoin and other cryptocurrencies, you might be thinking about diving into the world of crypto trading. I recommend PrimeXBT to all my friends who trade. This will redirect you to the trading page and chart of your margin account. If the issue still persists, contact the Support team via live chat or by email at.

Exploring the Ethena Protocol: A Comprehensive Guide to Ethena Crypto

Bitcoinsensus will not be held liable for any of your personal trading or investing decisions. What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. Withdrawing from a PrimeXBT account is a straightforward process. You can use this same process for depositing ETH, USDT, or USDC. Make sure that you read our PrimeXBT review to see what kinds of fees you’ll be facing for using this crypto leverage trading platform. Last updated 1 day ago. Depositing into a PrimeXBT account takes approximately 40 minutes for BTC and less for other cryptocurrencies, as it requires several block confirmations for security purposes. In most cases, passwords are retrieved by hackers from earlier leaked password databases from different services. Plus it’s important to remember that PrimeXBT is still a relatively new crypto trading platform and so it could upgrade how it is regulated soon. Get huge savings on the biggest crypto brands with custom discounts and deals.

Order Functionality

Once the payment is executed and completed you will be redirected back to your PrimeXBT account. Additionally it will allow clients to utilise the telephone support feature call out on request as we plan to introduce it in the near future. The most conservative prediction for ADA in 2025 is the $1. If you have any further questions or suggestions, please don’t hesitate to reach out to our support team. To withdraw Fiat currency USD, go to the Main page. Primexbt affiliate primexbttrading. This article has been contributed by Arindam Sen, Director and CEO of Heartnet. Several signs point to a repeat in the power of a massive breakout for the entire Crypto market, and Litecoin has shown itself to be a survivor. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. We’re here to help you. I loved the platform and I always thought it was fair until today. The 15th edition of the Indian Premier League IPL is here now in 2024, and naturally, we are in the midst of the cricket frenzy with players set in action, the religious fans of the game all thrilled and waiting for their favourite matches, and the franchise owners and other. Let’s find out if PrimeXBT can be the one that has the ability to put a dent into OKX’s battle tested hide. 0% for Forex, Indices and Commodities. Now simply hit the « buy » or « sell » button, and your trade is live. The channel is administered by three individuals and it conveniently covers three time zones – Miami, Moscow and New Deli. All prizes are in the form of trading bonuses, which traders can use as margin to open positions in actual margin accounts. The writing and editorial team at DayTrading.

New margin requirements for Covesting Strategy accounts

Via the Main page, users can view. Limit orders can last for as long as you choose. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Before, I didn’t trade Forex. 01% maker fee, and a 0. 🍏 Apple ID update: trading is just a click away. One of the most well known examples of Dogecoin’s use was when the Cryptocurrency community came together in 2014 to sponsor the Jamaican bobsled team’s trip to the Sochi Winter Olympics. However, each account on the platform has a 24 hour withdrawal limit of $20,000 or its equivalent in other currencies for all submitted withdrawals. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. An additional confirmation menu will appear. If you choose to short a stock, you need to borrow that stock to sell it to somebody else. At launch, users will be unable to start a new strategy manager account or access various aspects of the Covesting copy trading module. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. 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. A withdrawal requested before 12:00 UTC will be processed on the same day. There are 40+ crypto pairs on PrimeXBT, ranging from large cap cryptos like BTC/USD and ETH/USD, to smaller coins, like FIL/USD and ALGO/USD. Our website uses cookies. Multiple active Trade fee or Overnight financing fee discount promo types are NOT additive; only the highest active trade fee or overnight financing fee discount will be in effect at any given time. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. Yes, feel free to download the iOS App or Android App. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. Nasdaq 100 BrokersFTSE 250 BrokersFTSE 100 Brokers. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. For detailed tutorials see our corresponding Long and Short trading. External link for PrimeXBT. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Crypto: Supports Crypto Fiat and Crypto Crypto trading. Blockchain will help restart the world economy. An important thing to note about PrimeXBT is that all withdrawals and deposits are made with , even if we are using the platform to speculate on the price movements of other markets, for example the SandP 500.

Oak

Get the PrimeXBT Massive 35% Bonus. Bitcoin Should be Banned in the United States: Charlie Munger. Indicators Strategy profitability indicators for the set timeframes. According to the statistics, 75 89% of customers lose the funds invested and only 11 25% of traders earn a profit. To purchase BTC in US dollars, users can pay with Visa/Mastercard or via bank transfer with SEPA. Now you have an open leveraged position on PrimeXBT. Of the 100 markets available at PrimeXBT, there are cryptocurrencies, stock indices, commodities, metals, and forex currencies. Binance, the world’s leading cryptocurrency exchange, has appointed its first ever board of directors. There are several Bitcoin trading platforms offering higher leverage. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges and wallets in one place. When global economies are booming, investors and traders tend to prefer stocks and commodities. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. PrimeXBT only has two types of fees – the trade fee and the overnight fee. So users make more profits and avoid losses. Through these third parties, customers can buy BTC, ETH, USDT and USDC. Global Markets Margin trading accounts provide only Cross margin system, while Crypto Futures trading accounts provide both Cross and Isolated margin types. Join millions of users, from beginners to professionals, who use PrimeXBT to purchase crypto, trade, and manage their investments in a smarter way. You have crypto rewards waiting to be collected. PrimeXBT also hosts weekly trading contests that allow traders to showcase their skills and compete for crypto based prizes. It is a great diversification hedge. Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. By default the Trading History of any Strategy is public and available to all participants of the Copy Trading module: A Strategy reflects last 50 closed positions executed within the Strategy; A position becomes publicly available in 10 minutes after its closure;. 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. However, if the price moves down 10% we will reach our liquidation price. A demo account is also called a practice account. You avoid the need to manually research assets, crunch numbers, stare at charts, second guess your decisions, or stress over every price fluctuation. Dear Jan,We appreciate your feedback about the overnight fees. For ETH, USDT, USDC and COV withdrawals the fees vary depending on the network used.

Best Price By Cryptocurrency

Use your Google Account credentials to sign in. As well as trading, there are a number of other investment opportunities on the dex including liquidity provision, farming, staking, and even a lottery. This guide provides a comprehensive analysis of Stellar Lumens’ technical and fundamental aspects, as well as expert price predictions, to help readers gauge the projected growth of XLM. While updates are expected to be released in 2024 for almost all of these, the team behind these developments does not have a track record of hitting deadlines. The My COV page allows COV token holders to activate a COV Membership plan to unlock Covesting Utility for their Strategies and Followings. You do not want to go in blindly, considering that the Bitcoin market is already risky on its own. If you are on the winning side and see that it is time to exit a trade, what happens is that the platform freezes and goes to a blank screen, at this point there is no way of managing your position and once your back in, your profits are gone, stop loss hit and now your at a loss for the trade fees, overnight fees, and the stop loss that you were willing to risk. The only verification is email verification.

Support

While the CFD model of trading isn’t for everyone, we felt that it offered us a fast and easy way to speculate on the price movements of our favorite cryptos. This could easily be due to user error, rather than anything that PrimeXBT was doing. This is essentially where the trader tells the broker, « Get me out at the best price available. Cryptocurrency trading is when people buy and sell cryptocurrencies, depending on the price movement. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. This leveraged trading platform has a nice UI/UX and clean candles without the typical Bitmex flashes. Your order will remain inactive and stay in the order book until the price gets to it. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. The growth rate is quite high, as new coins are introduced every month. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. There are other widgets that you can add, such as order history, order books, alerts, symbol library, account widgets, statement widgets, and many others.

Most Secure Wallets To Start With

It boasts an impressive array of features that cater to traders of all levels, making it a top choice for those looking to capitalize on the cryptocurrency markets. For those who prefer holding for longer, they can change the chart to show daily or weekly activity. Ripple, on the other hand, argued that XRP was a Cryptocurrency and therefore not subject to SEC regulations as it did not meet the definition of a security. Returns or profits may be subject to capital gains tax. If you are new to covesting, please check out PrimeXBT’s Covesting Guide for an introduction to the basics. Shiba Inu, like most cryptocurrencies, is highly volatile and can see huge price fluctuations from hype or external factors. Ow and I am sure all the positive reviews are fake. As a quick reminder, cross margin means all assets in a user’s account are used as collateral for their open positions, and isolated margin means only a specific amount of collateral is allocated for a particular position. You can check out our full review of Coinrule here. Even though it was very complicated to understand the essence, but I did it. You’ll need to withdraw your profits in Bitcoin. For day traders who engage in futures activity, the ability to look at minute by minute chart details is a godsend.

Equal

Proper risk management and emotional control can further improve the probability of success, but volatility can be unpredictable and too challenging for many new traders who ultimately give up. Our forecasting model sees Cardano reaching $6. Within the same 48 hours after creating and logging into the account you may also open other margin trading accounts ETH, USDT, USDC or COV to claim a similar welcome bonus offer. If you use the market order a lot for entering trades on your chosen cryptocurrency pairs, then PrimeXBT is for you. The cryptocurrency market is large. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. 5929 per XRP, with a market cap of $32619500873 USD. In this PrimeXBT Crypto Futures review, I’ve covered a range of important factors. On Prime XBT’s website. The decision of PrimeXBT on all matters relating to Promo codes shall be final and binding on all participants and any other persons, including, without limitation, any decision to cancel or suspend a Promo code and/or the Bonus provided by it, and/or all or any portion of profits made when using the Bonus. Looking for the best crypto copy trading platform. Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto. According to the journalistic authority CoinTelegraph, Chamath Palihapitiya, the billionaire CEO of Virgin Galactic, recommends everyone hold Bitcoin BTC as a method of « crisis insurance » due to these very same attributes. Therefore, the place where you can short Bitcoin depends on the strategy you are using. Returns or profits may be subject to capital gains tax. Your trading plan will also allow you to employ market analytics tools. Also, very important is to make sure that your stop loss will be hit before your liquidation price. Chainlink was launched on the Ethereum mainnet in May 2019.

Exclusive Crypto Deal List of 2023

In order to become a partner of PrimeXBT, click the blue ‘Become a partner’ or ‘Get offer’ buttons. But the perks of trading here are not limited to that, such as leverage crypto trading, incredibly low fees, reasonable deposit requirement, no KYC policy and much more. 12, it would represent a 350% surge. « Margin » shows you the funds that have been drawn from your Bitcoin trading account to open the position and « PandL » is your current profit or loss. BCH also soared to astronomical prices following the split but, in the long term, has lost much of its value due to BTC being chosen by community consensus. Currently, PrimeXBT only allows direct crypto transfers. Step 4: You will now see a box open that asks you to enter an amount, order type, and price. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. Overall, PrimeXBT does not offer a free demo trading account for beginner traders to train on. This code can be used to restore 2FA time codes for your account. These features can be enabled in your account Settings. Make sure to also review our special guides about how to manage your orders and positions. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 47 cryptocurrencies. Additionally you can deposit directly to your Global Markets and Crypto Futures trading accounts by preselecting the destination upon your deposit to the platform. Navigate to the blue ‘Trade’ button to open any of your margin trading accounts to begin trading. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. The exchange utilizes advanced security protocols, including two factor authentication 2FA, encryption, and cold storage for funds. Overnight Financing in Crypto Futures platform unlike regular margin trading accounts is charged 3 times a day, i. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement.