User Friendly Interface

PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Reputable crypto casinos use advanced security measures such as encryption and two factor authentication to protect user data and funds. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Security and Regulation. The required margin is different for each trade, PrimeXBT giới hạn so make sure your account is appropriately funded. We designed our trading app from the ground up to be easy to use, and provide a simple but powerful trading experience. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. 20 x 60 = $ 1200 profit. Complaints Handling Procedure. After the pandemic struck, governments printed fiat in response to stimulate the economy. Technology progresses at a breakneck pace. If it is a “day order,” then at the end of the trading session, if the order has not executed, it will be canceled. Additionally, Ethereum’s continued upgrades, including EIP 4844 implemented in March 2024, are set to improve data availability, making Layer 2 solutions like Polygon even more crucial for scaling Ethereum. General Rules of Promotion Codes and Bonus Usage. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. Intrigued by the potential of leverage trading Bitcoin. This is a great way to follow already profitable traders and earn money passively. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. 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. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. Reply from PrimeXBT Copy Trading. Overall, PrimeXBT is nowhere as near refined as the best crypto mobile apps. PrimeXBT’s app might end up reaching many users just starting out, so allowing a way to register easily is a bonus for newcomers to crypto. Learn everything you need to know about Bitcoin in just 7 days. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. He primarly writes opinion pieces for Bitcompare.

What is a Non KYC Exchange?

These products are not suitable for all investors. This is the same as many other Cryptocurrencies. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. Invest time and effort in learning and refining your investment skills through educational resources, investment courses, practice accounts, and networking with other investors. Learn what they are, and how you can use the PrimeXBT token yourself. The platform provides a variety of free deposit options for both crypto and fiat. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Please enable Javascript support in your browser and reload this page. Reviewed by Alexander Goodenough. All data is delayed by at least 15 minutes. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. All of these various strategies combined can improve the likelihood of success when trading, and protect capital against any potential risk associated with trading. For withdrawals, you will only have to pay 0. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. ProsNo KYC or ID verification requiredUniswap Wallet supports Apple Pay, Google Pay, and credit/debit cards for fiat purchasesHigh liquidity and trading volumeSupports over 400,000 ERC 20 tokensConsPotential for impermanent loss when providing liquidityLess suitable for large trades due to slippage7. The transparency, support from early crypto pioneers, and a focus on the unbanked make XLM or Stellar lumens a favorite amongst the cryptocurrency community. PrimeXBT offers built in technical analysis tools. Risk management is important in leverage trading. 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. 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. Irrational exuberance can run rampant when traders take off in profit.

More terms

The Welcome Bonus is a special promotion for new users on PrimeXBT, granted after account registration and the first deposit. KYC verification is required when using Deribit, and there are two levels with varying trading capabilities. READ FULL IF YOU’RE NON MEDIUM MEMBER. Date of experience: October 07, 2024. PrimeXBT has cool features like copy trading, where you follow top traders. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. You can trade with confidence knowing your assets are extremely secure. This variety helps traders diversify their portfolios and find more market opportunities. Make your Crypto work for you by using it to trade 100+ markets on our platform. Additional features offered are in house technical analysis, market research, education, and platform announcements. You can secure your account with a strong email and password combination, along with two factor authentication 2FA. Verifying your account on the PrimeXBT iOS app is a simple process that ensures your account is secure and fully functional. This is PrimeXBT’s biggest weakness. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Scan this code to download app. Overnight financing fees, also known as swap fees, are charged for positions held overnight. For fiat currencies, the leverage goes up to 1:1000. Just like the moving average within the Bollinger Bands, other moving averages at different intervals can act as buy or sell signals or tell traders when to long or short. Com App is a digital currency brokerage that acts as a custodian and stores the cryptocurrencies for clients. Next, we will explore the customer support services provided by PrimeXBT and how they contribute to its legitimacy. Limited educational resources.

General Reliability

You can also sort markets by name and 24 hour change. The surge was fueled by massive trading volume exceeding $43 billion over the past 24 hours. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. As demand for Polkadot blockchain applications grows, Polkadot’s ability to handle a high volume of transactions without sacrificing security may position it favorably in the market. Demo account/Paper Trading. Depositing funds into your PrimeXBT account is straightforward, but it is important to be aware of the limits associated with each payment method. They simply don’t want to wait for the validation process. But we also want to make that process. Additionally, users can trade global markets such as the SandP500, FTSE10, FX pairs, commodities like gold and silver, and many more offerings that are detailed here. In total, participants of the copying service can have 4 levels: Standard, Advanced, Premium and Elite. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. When buying, you will get the Ask price; when selling, you will get the Bid price. Their fees are typically less than $2. It provides pre set trading plans and a marketplace for exchanging plans, offering hands free trading with customizable bots. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. Here’s your personalized cheat sheet.

What should I look for when trading Cryptocurrency?

While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. For more information, please see our Cookie Notice and our Privacy Policy. This is an order that is used to take profit on a trade that has worked out in a trader’s favor. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. If Ripple wins, the coin could go as high as $2. You can choose the buy option to create a long position or select the sell option to create a short position. Placing orders on the PrimeXBT app is straightforward and efficient. Security is key on PrimeXBT, letting users trade safely. Information regarding past performance is not a reliable indicator of future performance. Each type of trading carries its own advantages and disadvantages, some that weren’t even covered in this article, so keep succeeding and keep learning. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. The Dogecoin blockchain processes transactions relatively quickly, which has led some to propose it could be used for smaller, everyday payments in the future. Firstly, you need to register for a new account on PrimeXBT. Trade 100+ markets like BTCUSD, EURUSD and SP500. Reply from PrimeXBT Copy Trading. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds.

Which cryptocurrencies are available to trade on our crypto platform?

Our website uses cookies. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. PrimeXBT is a trading platform specializing in derivatives and offering high leverage on a range of markets including cryptocurrencies, forex, commodities, and stocks. They provide traders with the ultimate flexibility by not being tied to any expiration date. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Slippage can occur for a number of reasons. The absence of this procedure does not affect the user’s security on the platform whatsoever. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. Below are the discounts that you can earn based on the 30 day rolling trading volume. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. You are doing so on the basis of your own enquiry, without solicitation or inducement by PrimeXBT;• Consumer protections under UK regulations do not apply to services provided by PrimeXBT because it is not regulated in the UK and provides services from outside the UK;• You have read our Risk Disclosure and have the necessary knowledge and experience to understand the risks involved. Compensation Fund per user. For individuals who wish to take advantage of seasoned traders’ knowledge without devoting a lot of time to market research, this feature is helpful. Yes, there are 2 different fees that can be incurred when trading Trade fee and Overnight financing. Additionally, you can choose to receive email notifications for logins and liquidations. Users can deposit, withdraw, exchange, and transfer Crypto. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. The site took into account that people can change their minds about a trade. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. There is no live chat option available and our team also struggled to find any information regarding a contact telephone number. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Established in 2011 and headquartered in the UK, BTCC is one of the oldest cryptocurrency exchanges in the world with a top notch track record of keeping customer funds safe. The platform is known for its user friendly interface, advanced trading tools, and high performance execution. This bonus is displayed as “Reward” in your account and gives you the opportunity to extend your trading potential without additional financial input. The main advantages of using the PrimeXBT application.

Related Promotions

Effectively using leverage requires a combination of knowledge, strategy, and risk management. However, there are certain jurisdictions where our services are restricted. PrimeXBT gives up to 200x leverage on cryptos and more on other assets. By utilizing Bitfury’s Crystal, PrimeXBT can effectively spot and quarantine any cryptocurrencies tied to bad actors such as hackers or terrorists, or that were involved in a crime such as money laundering. It is also advisable to invest only with regulated exchanges. My experience with PrimeXBT’s customer support was mixed. Other companies have also shown interest in adopting Bitcoin, which can lead to strong demand for the coin. Step 5: To get to the futures section, hover over the “Trade” tab, and you will see a mini drop down menu that lists Crypto Futures on it. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. If the issue persists, contact PrimeXBT support with your transaction details. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Day traders tend to watch lower time frames from daily, to hourly, and minutes. Unfortunately for US investors, Changelly does not provide services in the United States. Get access to a wide range of trading, investing, and Crypto services from a single app. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. While PrimeXBT is known to run various promotional offers from time to time, this is the latest scheme that can give you a significant boost. 10 on 2 September 2021, ahead of the Alonzo hard fork, which introduced smart contracts to the blockchain. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. The platform provides access to major and minor currency pairs, enabling traders to capitalize on market movements. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. For unverified users, you’ll have withdrawal limits of 5 BTC per 24 hours. Products crypto futures commissions●Products CFD Commissions. PrimeXBT — where innovation meets accessibility for traders worldwide. This broker has an amazing service, I reached out to them about one of their ebooks and I got a very explanatory response that I was very pleased with. If you use these links, you leave this Website; you must ensure that you meet all age and other regulatory requirements before entering. This can be good or bad, depending on whether or not the trade has worked out. After selecting a trade duration, you’ll need to select the amount that will be traded in the contract.

Which trading platform is best?

We have noticed that there are certain time limits: withdrawal requests are processed from 12:00 to 14:00 UTC on any day. Despite this, PrimeXBT still comes out more expensive than other platforms, where you can get a cheaper credit card fee of 2% on Binance and Crypto. Trading fees are the primary cost associated with executing trades on PrimeXBT. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. Unlike most exchanges today, KYC verification is optional on PrimeXBT. Active users across the world. Its standout feature is copy trading, letting you mimic successful investors.

ZamanSaylan

Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Jansen is still CEO of the company. Using a leverage ratio of 1:100 is a great way for newer traders to get comfortable calculating their risk to reward ratio and ensuring their positions all meet the 1% rule and risk management strategy. Plus, OKX has a fund to reimburse users if something goes wrong. These services are governed by the legal terms and conditions of PXBT. This marks a notable achievement as WEMIX’s inaugural venture into the European market, emphasizing the token’s role in facilitating a range of blockchain based activities, from gaming transactions to decentralized finance DeFi applications. Trading involves risk. You may limit the risk per trade to any level you want in case you’re more risk averse than the trader you follow. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet.

Want Streaming Chart Updates?

Here’s where effective risk management comes into play. If you’re trading Bitcoins through an exchange, you need to set up a secure storage method for your shiny new coins. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Information regarding past performance is not a reliable indicator of future performance. Open positions will automatically be liquidated after that period. In other words, it will be divided by 10. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Secondly, they both offer the ability to deploy decentralized applications dApps and provide developers with powerful tools for building on their platforms. We’re pleased to hear that you find our client area convenient and like the features we offer, such as manual trading, crypto buying and holding, copy trading, and participating in contests. My experience with PrimeXBT’s customer support was mixed. Yes, the PrimeXBT android app provides user guides and tutorials to help you navigate and make the most of all available features. Changelly is a non custodial crypto exchange that lets investors buy, sell, and trade more than 200 cryptocurrencies, as well as providing earn products, margin trading, and perpetual futures trading. During testing, I received fast responses with a reasonable level of detail. Accounts on PrimeXBT can be funded through three different means. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Thank you for choosing PrimeXBT, and happy trading. If the app is unavailable in your region, you can still access it through direct download from our site. For instance, it is 0. Long selling is buying low and re selling high. If you’re looking to amplify your profits, leverage is your best friend. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. PrimeXBT has established and strictly maintains appropriate and risk sensitive policies, internal controls, and procedures proportionate to its nature and size, related to record keeping, risk assessment of each customer, reporting incidents to appropriate authorities, ongoing monitoring, and AML/TF measures. They also accept business accounts so you can trade on behalf of a business.

Open free account

Clients can place trades and manage orders directly from charts, powered by TradingView. Of course a price prediction moving forward could be slightly challenging. This approach enables traders to maintain a higher level of confidentiality when buying, selling, or exchanging digital assets. Our human support team is here to help 24/7, in your language. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day. Information regarding past performance is not a reliable indicator of future performance. A Doge price prediction isn’t impossible, but it may require a combination of technical indicators and heavy scrutiny of social platforms, forums and other places where Doge traders may gather. The main reasons are its high leverage, variety of assets, easy interface, and special features like copy trading and contests. Better yet, this liquidity is far reaching, covering a range of assets. Dogecoin has faced many obstacles on its way to becoming one of the most popular Crypto assets in the world. PrimeXBT instead offers a service called Contests, where traders battle it out in weekly competitions for a chance to win free capital through crypto prize rewards. Its value is maintained through a store of fiat currency held in a transparent manner, ensuring a 1:1 parity with the US dollar. By staying informed, adhering to a trading plan, and managing risk effectively, beginners can mitigate potential pitfalls and increase their chances of success. The trading of leverage offers a lot of opportunities but is to be used professionally. Date of experience: November 08, 2024. Scan this code to download app. Select the strategy you like and start copying. PrimeXBT users share their real world experiences, showing how the platform works well in different trading settings. This allows you to significantly increase your market exposure and profit potential. Anyone can write a Trustpilot review. 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. Trusted by more than 20 million users in over 180 regions globally, OKX strives to provide an engaging platform that empowers every individual to explore the world of crypto. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. This section will discuss the risks associated with leverage on PrimeXBT and provide strategies for managing these risks effectively. 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. Returns or profits may be subject to capital gains tax. A crypto trading platform is your gateway to buying, selling, and managing digital currencies like Bitcoin and Ethereum. It’s highly rated on TrustPilot with a 3.