PrimeXBT Trader Reviewed: What Can One Learn From Other’s Mistakes

Trade in your browser with our web trading platform

Can say it was a very fun journey, not easy, but worth it for me. We strive to ensure smooth transactions, but occasionally there might be sometimes delays. In terms of supported cryptocurrencies, PrimeXBT’s repository is quite small and may not be a favourable option for some investors. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Go to the «More» section, «Blog». 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. 🌟💹 CryptoAwards PrimeXBT CryptoExpoDubai. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Best regards,The PrimeXBT Team. No, there is no limit to the amount you can earn through the referral program. Margin is the amount of money that you have in your account allocated for a larger position. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. For many years, its price remained relatively low. Our evaluation concentrates on primexbt.com how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This section explores the key features that PrimeXBT provides to its users. Now you need to find where to trade crypto futures on PrimeXBT. It has built a solid reputation for reliability, security, and advanced trading features, especially around futures trading.

PrimeXBT

The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Check out these trading options. To start the account verification process, users need to provide personal information and upload identification documents. PrimeXBT lets you deposit several cryptocurrencies like BTC, ETH, USDC, and USDT. The reason for the 2020 21 Dogecoin surge in value, was largely due to social media attention, celebrity endorsements, and speculative trading by the public that had been introduced to the Crypto through its extensive media coverage. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. PrimeXBT uses TradingView charts, providing users with advanced and interactive charting tools for technical analysis across various markets. 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. Submit the documents promptly and follow any additional instructions provided by PrimeXBT. Leverage reflects the ratio of personal funds required to open and maintain a position in comparison to the size of that position. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. The first step is to sign up on the PrimeXBT website by providing your email address and creating a password. Get a unique referral link. However, there are some regions where PrimeXBT does not accept users, including. Additionally, you cannot set stop losses and take profits directly from the order form. Below is a comprehensive breakdown of the various payment limits applicable on PrimeXBT. Purchasing Bitcoin and altcoins on PrimeXBT can only be achieved with the use of your Visa or Mastercard. Always check the bonus terms before withdrawing funds. PrimeXBT is a prominent platform in the trading world, offering a range of financial instruments, including Forex. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. Here is the overview. Spreads and Fees: Competitive spreads with no additional commissions, ensuring cost effective trading. Date of experience: October 01, 2024. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. However, it is also important to realize that the world of digital assets is still a new one, and the market capitalization can rapidly change as it is still early as far as adoption of crypto is concerned. Step 2: Access the registration site. Inflation also has a part to play, but it also has a negative effect on global growth, which could work in both directions.

All articles

PrimeXBT is an all in one platform offering access to a wide range of financial markets. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. The idea of funding rates comes from traditional financial markets with margin trading, where such interest payments are exchanged periodically between long and short traders. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. While PrimeXBT supports a wide range of countries, it is not suitable for traders in regions with regulatory restrictions. Therefore, soon, the market could be as regulated as the traditional financial sector. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. We are very delighted that the current version of our platform has improved so much, but you all know that the cryptocurrency industry is developing at the speed of light. Com and we will be happy to help you. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. To start with, while PrimeXBT is considered to be a centralized crypto exchange, it does not exclusively focus on cryptocurrencies but rather offers a diverse line of financial products and services. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. However, because the cryptocurrency space is still relatively poorly regulated this can be a risky idea as your opportunity for recourse if things were to go wrong with your loan contract. Most settings are located at the chart’s upper area. This method uses the full amount of funds in a trader’s available balance of a given cryptocurrency to avoid liquidations on positions with the same settlement crypto. Cardano, there are many similarities, but at the same time, there are significant differences between the two ecosystems. It’s great to know that our platform is serving its purpose in empowering those who are new to trading to still have the opportunity to participate and potentially profit. The TD Sequential is a market timing tool developed by Thomas Demark. Hereinafter the «Provider».

Best Paid and Free Alternatives to PrimeXBT

62 billion within 24 hours, with $75. Returns or profits may be subject to capital gains tax. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Carefully selected industry experts contribute their real life experience and expertise to BitDegree’s content. This article is not intended for residents of the European Economic Area or the United Kingdom. We employ the latest security protocols to protect your money. Traders have strings of losses, and someone who is that levered to the markets typically will have disastrous losses sooner rather than later. It is important to familiarize yourself with each tool and understand how to use it effectively. To download the PrimeXBT app on your Android device, follow these steps. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. I wanted to engage in crypto trading and it seems that I found suitable platform for this. This means your earning potential is enhanced with PrimeXBT. To secure your account, use a strong password, enable two factor authentication 2FA, avoid sharing your login details, and regularly update your security settings. Moreover, the fee changes based on the network, such as withdrawing USDT will cost you 10 USDT as an ERC 20 token and 0. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership. Click here to learn more. This lack of immediate access to staked funds could pose challenges for investors needing flexibility in responding to market changes. 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. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. Sign up FREE to receive our extended daily market update and coin analysis report. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. The app connects users directly to the markets, making trading smooth. Manage your positions, modify orders, and execute new trades anytime, anywhere with PrimeXBT’s iOS and Android Mobile Apps. Our human support team is here to help 24/7, in your language. Slippage occurs when the execution price differs from the expected price, common during high volatility or low liquidity.

CONTATO

As the broker continues to innovate and grow, it remains focused on providing the best possible trading experience for its clients in South Africa and beyond. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Smooth, in house charting gives you a distinct edge. Don’t invest unless you’re prepared to lose all the money you invest. Hello Paulo,Thank you for sharing your detailed journey with us. The futures sector is a fascinating aspect of the crypto trading world. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. This proactive approach is key to successful trading. This trading strategy focuses on analysing the support and resistance levels. @ 2018 2024 Crypto Adventure ®. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Daria Uhlig and John Csiszar contributed to the reporting for this article. If you have any further insights, questions, or need assistance with any aspect of our platform, please don’t hesitate to reach out at. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. They will send out an email to the address that you have provided so that you can verify it. XRP, the token issued by Ripple, has seen increased volatility in recent days. Scan this code to download app. Still, the market raised expectations for a December rate cut to 66% from 59% prior to the meeting. Users can earn up to 14% on their crypto deposits for Ethereum, USDT and USDC. In addition, all data on the exchanges is encrypted using SSL encryption, ensuring that any sensitive information, such as account details or passwords, cannot be accessed by anyone other than the intended recipient. 51 mid way through December 2017. Typically, higher levels of account verification allow for higher withdrawal limits.

How to transfer bitcoin to PrimeXBT?

It is also part of the three most liquid exchange next to Binance and Coinbase. And that can make it difficult for entries and exits on your trade plan. The broker does not interfere with trading, everything is always fast. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. This is fantastic news for all types of traders, from day traders all the way up to those who hold very long positions. Making a Deposit on PrimeXBT with AdvCash. Users can view a detailed breakdown of fees associated with using the platform. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. PrimeXBT is registered in Seychelles as Prime Technology Ltd. PrimeXBT offers margin trading to enhance earnings. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. Smart money concepts trading as it. Trading involves risk. Another benefit of this trading method is the ability to take advantage of future events. Learn about the benefits associated with both. PrimeXBT is officially set up in Seychelles, which means it follows international laws. While you can create a Binance account without KYC, you cannot access the vast majority of the products available on Binance, including buying, selling, and trading crypto.

What are sites like PrimeXBT?

This revenue share model makes PrimeXBT’s partnership programs some of the most lucrative in the industry, providing ample opportunity for growth and profit. 8 for PrimeXBT Futures Pro. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Well, we are not really fans of mobile trading in general. Olá Marcelo,Obrigado por compartilhar seus insights. 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. The vast majority of this amount was minted when the network launched in 2017, with 31. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. 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. The platform also supports indices, such as Nasdaq and SandP500. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. PrimeXBT is not available for users located in the USA, there is no „PrimeXBT USA» option as there is with other platforms like eToro or Binance. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Keep an eye on us for more updates and new features. The order form also displays recent trades and order book data. The non profit structure and leadership from respected academics and business leaders have lent credibility and trust to the otherwise opaque Crypto market. Access a variety of articles on trading concepts, tips, and tools for different markets. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. The platform’s strong focus on security, user friendly interface, and responsive customer support further enhance its appeal. 📰 Blog: Explore educational posts and news on PrimeXBT’s blog. Ensuring that transactions are approved and confirmed is crucial for maintaining the security and reliability of PrimeXBT. Although it is still very speculative and questionable whether Cardano will ever achieve a price of $100, its core technology and collaborations support its expansion potential. Both Bybit and Coinbase have their features. The platform uses many protocols to keep user assets and info safe. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain. Covesting Copy Trading is beneficial for new traders looking to learn trading strategies by analyzing successful trades, as well as for those seeking passive income. At PrimeXBT, we strive to make our platform accessible and user friendly, even for those new to the crypto world.

How to use vpn for PrimeXBT?

Just sign up for a live account and use the filter option to find top traders by profit, AUM, and followers. At the end of the day, that is the most important thing to know on a chart, and people will typically use technical analysis as an entry or exit signal, perhaps based upon the longer term movement known as «the trend. This versatility allows traders to diversify their portfolios and take advantage of different market conditions. I was impressed by how many useful services I can use here. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Founded in 2018, it currently serves more than one million customers from different countries. 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. Reports: Users can view trading and transfer histories via the Reports page. USD, EUR, and GBP options available. Understanding these fees is essential for maximizing your potential profits. We’ve got you covered with access to 100+ global markets on one platform. Bybit supports more payment methods than PrimeXBT. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. NerdWallet™ 55 Hawthorne St. Next, we will provide a summary of the fee structure in a table format for easy reference. 1% of the required capital in order to take out that position. PrimeXBT Trading Tips for Success. I advise you to trade here. In this example, assume a 10% margin is required to take on a $1000 purchase. This volatility can impact the value of the assets generating passive income, leading to potential losses or reduced earnings. Hello Mario,Thanks for the awesome review. ASK quotes are higher than BID quotes by the amount of the Spread. Compensation Fund per user. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. Giving brokers a direct alternative to MetaTrader and cTrader. Withdrawals come with a small fee of 0. This means a daily rate of 0. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. Instead, the best protection is simple awareness and prevention. PrimeXBT supports multi asset accounts where clients can buy or deposit, trade, and earn in their choice of Crypto and fiat currency options, including BTC, ETH, USDT, USDC, and USD.

Why do you charge swap fees?

PrimeXBT has remained reputable despite its unregulated status, but users should consider withdrawing funds to private wallets to mitigate security risks. Go Long and Short on our secure and reliable platform. Depending on if the trader wants to buy or sell will determine if they are write or hold an option. Therefore, PrimeXBT is still a secure enough platform even with no KYC levels. Traders should check the list of supported and restricted countries and ensure compliance with local regulations before using the platform. Activating the Welcome Bonus is a simple process. We’re glad you’re enjoying it. Step 3: You will see The Login Primexbt page. Uptrends are characterized by higher highs and higher lows, while downtrends form with consecutive lower lows and lower highs. Disadvantages include the complex Greek system, terminology, and expiration dates, which make options complicated, confusing, and challenging for anyone but the most advanced traders. This section will explore various risk management techniques that traders can employ to mitigate potential losses and manage their risk exposure. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system. The platform is friendly and the trading engine is easy to learn. PrimeXBT has never suffered a hack or security breach during its operational history.

My Key Takeaways After Testing PrimeXBT Desktop

Staking: Risks associated with staking include the possibility of losing staked money as a result of network flaws or attacks, reducing the severity of punishments for unethical conduct, and market volatility impacting the value of staked assets. Makers, who provide liquidity by placing limit orders, receive a rebate, while takers, who take liquidity by placing market orders, pay a fee. Binance review compared to PrimeXBT. To begin trading, you will need to move funds from your Wallet to your Trading Account by clicking the green ‘Fund’ button on the Dashboard page. PrimeXBT will be attending Latin America’s largest cryptocurrency event, 𝐋𝐀𝐁𝐈𝐓𝐂𝐎𝐍𝐅, set to take place on November 1 2 at Costa Salguero in Buenos Aires. You can contact their team on and if you have any questions. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. Step 1: Create an Account. High ratings globally. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator.

4 8

These are a few salient characteristics. Integrating my e wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. This project is featured as an ‘Untracked Listing’. You could lose all the money you invest. USOIL is on a strong decline following the January 08 high, below both the MA50/200. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Kraken offers no other fee incentives such as rebates or reductions except for volume, but PrimeXBT only uses a flat fee structure. These services are governed by the legal terms and conditions of PXBT. In this scenario, the GBP/USD pair has risen instead. When trading on leverage, traders can potentially enhance their returns by a certain factor. Click here, and you will now have access to the full dashboard. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. 🤖 Mean reversion is the financial theory that asset prices will tend to move towards their historical average over time. Returns or profits may be subject to capital gains tax. Leverage can amplify both profits and losses, potentially leading to significant financial risk. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

Exchanges

There are eight to choose from, all of which are paired with the USDT stablecoin. PrimeXBT stands out in the world of cryptocurrency exchanges. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. The fiat withdrawal process was straightforward but took a long time. This allowed users from both technical and non technical backgrounds to execute and create functional intelligent contracts. Unlimited via Perfect Money. 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. Furthermore, traders should be aware that neglecting risk management practices like stop loss orders can worsen the situation. Additionally, we provide the option for cash/fiat deposits via alternative payment methods systems in Thailand, Vietnam, and Brazil.

? Join EarthMeta presale NOW!? Next x100 Coin? 30% Bonus + 186% APY!? Be Early!

🌎 PrimeXBT Official English Speaking Community PrimeXBT is an all in one platform for all your trading needs. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Requests submitted after 12:00 UTC are processed on the next day, ensuring a structured and timely withdrawal process for all users. You can trade futures on PrimeXBT with a regular trading account. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. You can calculate how much interest you’ll pay or earn when keeping a position open overnight by using the formulas below. Staking or rewards program: Not available in the U. If it is a «day order,» then at the end of the trading session, if the order has not executed, it will be canceled. Only for verified users. Next, we will look at overnight financing fees, which apply to positions held open overnight. SandP 500 SDX: The SandP 500 continues its upward momentum, reaching new all time highs. A market order is an instant order. Real Time Market Data. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. Additionally, withdrawals to a bank card come with a hefty 5% fee. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. Understanding these aspects is crucial for navigating PrimeXBT effectively and ensuring compliance with local regulations. Developers are incentivized to build on Cardano thanks to generally lower transaction fees and faster settlement speeds compared to Ethereum currently. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice.