PrimeXBT Review 2024

That being said, coming up with an Ethereum price prediction requires looking at many different moving pieces of data. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. With that said, the lack of regulation means traders will receive limited safeguards. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. To view or add a comment, sign in. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. If a position is opened and closed within the same trading day, the account will not be subject to overnight financing charges. However, we encourage you to consult with a qualified financial advisor before making any investment decisions based on the educational information you find here. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. How can we stay in touch, though. Since the last crypto winter, PrimeXBT has become a proven winner of several industry awards and is highly respected within the trading community. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. The Memo section allows you to place a note and/or name your payment for convenience. The biggest weaknesses of PrimeXBT as a crypto exchange are the lack of crypto assets and the fact there is no Spot trading. Bybit also felt more modern, ergonomic, and was more aesthetically pleasing in my opinion and felt more akin to a crypto exchange. Filed Under: Exchange.

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All account deletion/cancellation requests are processed by the PrimeXBT support team via live chat or by email at. BaseFEX – 1:100 – BaseFEX is among the crypto margin brokers with the highest leverage. KHAIRUNAIM HASSAN Says. Ow and I am sure all the positive reviews are fake. We will also give you a step by step guide on Bitcoin margin trading and help you learn about PrimeXBT Covesting feature. On the PrimeXBT trading platform, you may trade using one of 2 techniques. Now you are all set up and can go ahead and explore copy trading, PrimeXBT Crypto Futures, and the many other features it has to offer. As can be seen in the below diagram, while the period between January to March for the last three years have been very bullish, the period between April to September have been generally a period of retracements and pullbacks. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. Get the PrimeXBT Massive 35% Bonus. PrimeXBT’s advanced charting tools and technical indicators facilitate in depth market analysis, allowing users to make informed decisions based on real time data. You may choose from a variety of crosshair settings. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. 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.

Looking ahead to a safer, more secure future

These are way more tradable assets than other major crypto exchanges like Bybit offers to their users. 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. Make sure to review our detailed guide about deposits to the platform. It www.primexbt.com is important to remember that Take Profit/Limit Buy orders are triggered when top of the book ASK quotes reach the price specified in your TP/Limit Buy order. Of course this means that there are only Bitcoin and altcoins deposits and withdrawals possible, since fiat money transfers would always go hand in hand with the necessity to identify yourself. There are many traders to choose from and tools allowing you to filter through the trading strategies that best match your needs. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. Access to these resources can significantly enhance trading decisions and improve overall performance. What also makes PrimeXBT stand out from most of the other crypto exchanges is that it doesn’t integrate with TradingView, which may be familiar to most crypto traders these days. If you received an error when placing an order or a position make sure to check the Trade activity log for possible reasons. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro.

Is PrimeXBT Regulated?

Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. Each trader is responsible for maintaining sufficient margin levels to avoid position liquidation. These constraints, while potentially seen as inhibiting those seeking unbridled trading freedom, actually underscore PrimeXBT’s commitment to promoting responsible trading. Make sure to check our list of the top exchanges for leverage trading Bitcoin. Customers can fund their accounts by depositing via bank card or bank transfer. The best way to mitigate risk is to have a deep understanding of the trading tools offered, and practice using the tools effectively. However, if you become well versed with short selling, you will be making returns while others are losing. 25 ETH / 500 USDT / 500 USDC upon the conditions update. If this is something that you would like to get involved with then you will need to get your referral code. ➡️ Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempt to counter it by providing such bonuses. Upon registering, you can make a Crypto or Fiat deposit or purchase Crypto with a credit/debit card or bank transfer to begin trading. Traders can access crypto futures trading, enjoying competitive fees and low trading costs. Claim up to $7,000 in Bonus. ➡️ A certain minimum deposit amount must be made by the referral. We will also give you a step by step guide on Bitcoin margin trading and help you learn about PrimeXBT Covesting feature. If you use 100x leverage, which is the highest leverage possible on PrimeXBT, it only takes a 1% drop in the Bitcoin price for us to reach the liquidation price. This section is a place where traders gather for weekly trading competitions. Trade worlds markets with 0 fees and tight spreads. Via the Main page, users can view. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. PrimeXBT promotes innovative services like the PrimeXBT Turbo, aiming at traders interested in short term profits.

Which margin system is available, Cross margin or Isolated margin?

Traders Union TradersUnion. Essentially, it enables users to browse and instantly copy their trading behavior through hundreds of trading strategies offered by the other traders, achieving the same returns as the leading traders on the platform. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. We’ve curated our list using a mix of centralized and decentralized anonymous crypto exchanges with the most up to date information at the time of writing, as many former no KYC exchanges like KuCoin, Bitget, and OKX have implemented mandatory KYC in just the last few months. The withdrawal fee is a flat fee i. Covesting copy trading lets newcomers tap into the experience of other traders globally, yield accounts enable passive income through staking, and a contests section lets traders use virtual funds to learn to trade in real time. All of this can be part of your research step before placing a trade. Depending on the promo campaign rules, Bonus is provided for either the first deposit or for every deposit made to the Margin account where it is activated until the end of the promo campaign;. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. Stop Loss protection orders are delayed orders that are triggered when the ASK/BID price of an asset reaches the price specified in your Stop Loss order. The best coin for margin trading pretty much depends on your experience level and trading plan. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries. What is the future for XLM. Later in this article, we’ll explain how you can safely store Bitcoin. Haven’t found an answer to your question.

Fiat Withdrawals

«Available Margin» simply shows you what you currently have in your account to trade with. Canada, Russia, and Japan. It offers only seven, which is among the fewest offered by an active global exchange. Beginner traders may feel overwhelmed with the amount of information that they need to process when they first get started trading Bitcoin. This is the allure of margin trading, as well as the ability to take on more positions, especially if you are hedging a portfolio. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. 3️⃣ Select the desired payment method Thailand, Vietnam or Brazil. To make a trade, users simply need to choose an asset from the menu in the top left hand corner of the platform. All you need to do is connect your exchange with Koinly using API or by importing a CSV file of your transaction history. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. You do not have to trade a standard lot. This ultimately brought in institutional investors, helping to fuel another crypto bubble. Finance Magnates CY Limited. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT.

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This means that traders can use the platform without undergoing identity verification processes. The following is the table of fees. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. However, if central banks start to loosen monetary policy again, you may see more speculation. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. How long can I keep a position open. Receive the latest news and stay informed. Content is not intended for US, EU, UK, New Zealand, and Israel residents. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. Generally, this promotional offering employs the CPA model, but participants can also demand the switch to the Cost Per Lead or Cost Per Install systems. BNB Smart Chain network BSC for BEP 20 tokens. His current balance is 146K $ETH $362M, OnChainDataNerd stated. A strategy is a pool of a trader’s personal funds which are visible to the public and can be followed by other customers on the platform. In the long term 8 10 years, it could jump to $158. Receive the latest news and stay informed. AUD/USD is Australian Dollar, traded against the United States Dollar. The reason for this is that this ecosystem is relatively new to the industry of online trading. Users must register before making a deposit to trade on the PrimeXBT platform.

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Courts granted conservatorship with the expectation that the outcome would be better for the majority of victims. Remember that one very important thing in Bitcoin trading is a stop loss. We should note that we carried out much of this review on the PrimeXBT app. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. If an additional margin is required, it will automatically be taken from your account. To learn more, visit. 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. Get the latest creative news from Bitcoinsensus.

Contents

However, if the price moves down 10% we will reach our liquidation price. Bonus is added to the account’s Equity and thus can be used as additional collateral to open positions;. The most popular Bitcoin trading exchange, Bybit, charges a 0. Claim up to $7,000 in Bonus. Once you click the deposit button, a pop up will display your Personal BTC Deposit Address. Learn more about Baksta’s Legal Terms. Users only have to provide an email, choose a password, and optionally provide a telephone number for enhanced security. PrimeXBT has a weak slate of trading pairs. If you open 100 BTC position while having only 1 BTC on your account, you will utilise 100% of all available margin, and of course you will likely to get an immediate margin call and a stop out. This site contains affiliate links to products/services. I’ve done that, and it sucks. This is because they are one of the few exchanges that do not complete KYC or AML checks on their traders. Click ‘Register’ to submit before continuing to verify your email through the link provided in your inbox.

Sarah Chambers

The highest possible leverage is automatically applied when opening a position, and you can control it by selecting the size of the position. Gemini offers 62 coins and 86 trading pairs which is larger compared to that of PrimeXBT’s crypto offering, and Gemini’s Gemini Earn product has far more staking selection and higher APY offered than PrimeXBT’s staking services and other financial services products currently offered. The majority of the broker’s assets are held in a safe offline storage system with limited amounts of BTC held in online wallets. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. This cautious approach prevents large losses. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. The annual percentage yield APY varies from 4. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. However, you don’t need to have this amount of ETH to engage in this trade. Here’s a breakdown of the fees for the ERC 20 and BEP 20 networks. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Scam Forex BrokersUnregulated Forex Brokers. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. Learn more about Baksta’s Legal Terms. 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. Finally, PrimeXBT also runs a pretty unique medium blog. Below is a step by step guide on how to enter a position with leverage on PrimeXBT. However, note that for isolated margin trading, you cannot access the full extent of leverage for your assets. Now, looking at the bigger picture is even better because in this way we can just focus on the long term. While this might frustrate some traders, it must be recognized that PrimeXBT is designed to serve a huge range of individuals, so caution is a top priority. You can use this to locate an early hint of a reversal that may emerge, subsequently confirmed when a crossing occurs. This provides an excellent opportunity for both experienced successful Traders and Followers to earn and greatly boost each other’s profit potential. 58 per coin in one single year but then dropped 99% because of how strong the move was. To begin trading with the new pairs, navigate to the Crypto Futures section and select from the growing list of assets. If you are into the topic, you might have heard that Litecoin has a lot of potential. Removal of Bonus from Trading account will decrease account’s Equity and may lead to insufficient margin and liquidation in case there are open positions. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. In terms of the reviews by other traders, they appear to be quite mixed.

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It’s unusual and unclear why PrimeXBT would choose to offer so few options. 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. Learn About Our Expert Contributors and Analysts. Those just getting started, however, will also feel right at home. Maker — a fee that a trader pays or a rebate that he will receive when he places a limit order that was executed on the market. From a maker’s perspective, however, it’s high. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Org An Independent Educational Initiative of Bringing Web3 Knowledge to The Masses. Learn more about Baksta’s Legal Terms. Cardano hit an all time high of $2. Face the ultimate challenge earn your right to be called a Web3 expert. Having a dedicated mobile application for trading helps you trade on the go, and you never miss a single opportunity to increase your profit. Here are the most common categories of cryptocurrencies found throughout the industry. They include information such as how to place trades, set up stop losses and protection orders, funding your account and safely using leverage.