What is PrimeXBT and what does it offer?

Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. Forexlive has no control of the contents of this page, nor is responsible for its accuracy or legality and hereby waives any responsibility for this content. 2024 00343, having its registered office address at PKF Corporate Services Ltd. We reserve the right to decide which comment will be published. 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. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. No CFD trading fees, but watch out for spreads, commissions, and swaps. 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. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading. From 11 December 2023, all the way to 11 January 2024, all PrimeXBT clients can benefit from an amazing 20% Deposit Bonus. Yes, PrimeXBT allows users to purchase cryptocurrencies using credit or debit cards through integrated services. 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. However, despite the platform’s high availability, concerns about its security linger. At the same time, a cash position in most assets would have to be worth millions in order to earn a million in ROI, while a $1 million ROI trade is possible with as low as a $1,000 margin account position, possibly lower, depending on leverage available at each broker. Partners can earn up to 50% revenue share by referring clients to PrimeXBT and enjoy lifetime commissions, meaning they continue to earn as long as their referred clients trade on the platform. Simply navigate to the BTC/USD pair and click «Trade. It caused the value to soar drastically in 2021. This gives the trader the advantage of making money on “borrowed funds”. You’re all set to explore the platform and start trading. Due to this flexibility, traders are able to select the most practical way for each transaction. 025% rebate and taker fees at 0. Capital Com SV Investments Limited, bedrijfsregistratienummer: 354252, met het geregistreerde adres: Vasileiou Makedonos 8, Kinnis Building, 1 3e verdieping, 3040, Limassol, Cyprus. Key features of the PrimeXBT trading platform include. The success of the platform was due to its stability, functionality and perhaps most significantly, the ability to code custom trading applications in its native MQL4 MetaQuotes Language for MT4. Returns or profits may be subject to capital gains tax.

PrimeXBT Referral Program

PrimeXBT is serious about following the rules and making sure its actions match global financial regulations. Other than that, primexbt is awesome. Carefully selected industry experts contribute their real life experience and expertise to BitDegree’s content. This would be a continuation of the action that we have seen every other time a “crypto winter” has taken place. Increased accessibility: ETFs make it easier for institutional and retail investors to enter the Crypto market. 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. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. It can be downloaded for both Android and iOS. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. Its almost 2 months of this wiggling around in the 65 71 range. It has a user friendly interface that makes trading smooth and easy. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. The Standard Cent account is tailored for newbies, allowing them to trade smaller volumes with cent lots for testing strategies. With a brokerage, however, there is no “other person” you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.

PrimeXBT Trading Platform Is Your Worst Enemy 10 Ways To Defeat It

People can transact with cryptocurrencies through a crypto exchange platform or self custodial wallets facilitating peer to peer transactions. Insurance Services offered through NerdWallet Insurance Services, https://primexbtnew.com/ Inc. 📸 Instagram: Latest news and updates on PrimeXBT’s Instagram. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. When trading on leverage, traders can potentially enhance their returns by a certain factor. As shown below, following this decision to cut rates, we have begun to see a noticeable upward movement in the total cryptocurrency market. Io, oferind resurse educaționale și indicatori tehnici personalizați pentru tranzacționarea criptomonedelor, îmbunătățind strategiile de tranzacționare pe PrimeXBT. This means that users can insert a new panel onto any one of their desired workspaces. Yes, different asset classes have different fee structures. Traders identify trends and enter positions with the expectation of profiting from price swings within that trend. The trading fees are low, at just 0.

Customer Service

Ensure you use the latest version for a seamless experience. It takes just a few minutes to get started. Its value is subject to large changes in a short amount of time. Being aware of these fees and planning accordingly can help avoid unnecessary expenses and optimize your trading budget. Dear Mthokozisi,Thank you for your fantastic feedback. ProBit is a centralized crypto exchange with more than 400 cryptocurrencies available to buy, sell, and trade. With Futures a trader has an obligation to buy or sell a contract before an expiry date, while Options provide traders with the right to do so, but not the obligation. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. Right click on an order to open the drop down menu with the following options. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. This happened in January 19. When you sign up to buy crypto from most crypto exchanges, you will be asked to go through a crypto KYC process. As a new investor, you need to do thorough research into any project before committing your funds. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Because it works on a multiplier, it is essentially trading with a multiple of the capital you have, or are willing to put up, which means profits are multiplied by the leverage. At the same time, XRP is also a great investment for thematic investors in the financial sector seeing as XRP is a coin aimed at mainstream financial institutions. Always check for the most current information on PrimeXBT’s official website as these details can change. You will then find your bonus — 7% of your first deposit up to $7,000 — credited as a reward in your trading account. To seize this exclusive welcome bonus offer. PrimeXBT Trading Platform, Mobile App. An email sent at night was answered in the morning. Bitfury’s Crystal software and blockchain analysis tools in action. Prime XBT Trading Services, S.

Why is the location of PrimeXBT important?

As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. As we delve into user experience and customer support, these elements form the foundation of what makes trading on PrimeXBT a comprehensive experience. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. Click Download and confirm the file download if you see a warning. PrimeXBT reposted this. Visit our Help Centre. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. That’s why we offer a range of exclusive Bonuses and Contests, to help you turbocharge your trading. Get started Get started. The responses were fairly detailed but lacked accuracy in addressing all queries. Use it at your risk; PrimeXBT isn’t liable for any losses or damages from your reliance on this information. For instance, funding fees for BTC on Binance and Bybit were both 0. If an asset trades within one of these patterns, detailed statistical analysis has been performed that suggests certain patterns will break in one direction over another, providing traders who spot such patterns an advantage in the market. This was indeed also our experience. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. It’s recommended to use tools like Technical Analysis and professional advice for accurate predictions.

Build your reputation in the community

Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. It has a top rated mobile app and a customizable web interface for all traders. For traders who want to get more analytical and news information, PrimeXBT communities in social networks Telegram, Instagram, Facebook are available. To evaluate potential dangers, investors should closely follow regulatory changes. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 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. Easily buy Crypto with Visa or Mastercard. No, PrimeXBT does not currently offer any services to residents of the United States. 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. While traders should be mindful of the risks associated with high leverage, PrimeXBT’s comprehensive offerings and positive user feedback make it a compelling choice for those looking to trade across global markets. Learn more about Baksta’s Legal Terms. PrimeXBT copy trading is a key feature. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Ensure that you double check the address to avoid any mistakes. I’m turbocharging my trading experience with primexbt and futures trading with leveraged cryptos. You can see a list of the IEOs held on @. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The scoring formulas take into account multiple data points for each financial product and service. Traders can select “add widget” and they will be given a list of different ones to choose from. Does PrimeXBT do Black Friday or Cyber Monday.

Deposit Fees

Advanced trading tools and features such as long and short positions, stop loss orders, take profit orders, and built in charting software are available for professional traders who desire the best. Titles should accurately represent the content being linked to and not be in all caps. Token sales that are held by cryptocurrency exchanges are commonly called initial exchange offerings IEOs. Whale addresses usually make informed decisions. While some investors look to significant price movement. Using PrimeXBT’s tools, users can develop Ripple trading strategies that are profitable and successful while managing against any risk or unwanted drawdown. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. No, PrimeXBT does not charge any fees for deposits or withdrawals, although network transaction fees may apply. My deposit was credited after 20 network confirmations, which took a few minutes. These issues may arise from unverified accounts, mismatched information, or incomplete verification processes. Compensation Fund per user. Returns or profits may be subject to capital gains tax. However, the question remains: how do these alternatives measure up to PrimeXBT. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. This thorough review process is designed to safeguard your funds but may lead to a temporary delay in processing your withdrawal until the assessment is fully completed. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex.

Commodity stocks

Crypto futures fees are attractive at 0. For quite a while, BitMEX was the 1 BTC margin trading platform by market cap. You can also short a market with leverage if you wish. The RSI doesn’t indicate that the price is overbought at these levels. Your friends will be eager to sign up with PrimeXBT once they learn of the value it offers the trading community. Do not link any content to this sub or beg votes or comments. Position trading is also known as trend trading. 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. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. Whether you are trading crypto, gold, forex, or stocks, securing profits is most important. Out of 177 reviews, 59% gave PrimeXBT a 5 star rating, showing high satisfaction. In December 2021 the MyCryptoWallet exchange called in liquidators. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. For Buying Crypto with Fiat. This involves using tools to help identify technical indicators or price levels that signal when to enter and exit a position. Don’t have any Bitcoin and want to purchase to make a deposit. All data exchanged between you and the platform is encrypted with full SSL encryption, ensuring your information remains secure. ¡Buena suerte con tus operaciones. Learn more about Baksta’s Legal Terms. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. This allows the trader to psychologically accept the losses that will inevitably come from time to time. Chainlink’s ecosystem overview. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees.

Events View All

Com or any affiliate or employee have any liability for any loss arising from the use of the information provided. Tokens on $% across @ trading pairs. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Prizes are usually awarded shortly after the contest ends. The price depends on many variables, whether economic, regulatory or technological, that can’t be anticipated years in advance. Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. Smart Contracts and DApps: Cardano’s introduction of smart contracts has opened the door to a burgeoning ecosystem of decentralized applications DApps. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Bots are not only used in the cryptocurrency sector but also in the stock market. You can follow the status of your deposits in your Transfer History. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. However, PrimeXBT keeps its fee structure transparent and straightforward. That means anyone, anywhere, can view all the transactions on a given blockchain, including wallet address and more. What began as a vision has rapidly evolved into a global force, now serving clients in over 150 countries. However, you cannot withdraw or transfer this amount but only use it to trade on the platform. On the other hand, centralized exchanges, such as PrimeXBT or Bybit, often provide more features like higher leverage and advanced trading tools but come with the trade off of entrusting your assets to the platform. The company will be able to offer its innovative trading platform and professional tools to local traders who will also benefit from some of the most competitive trading conditions available. PrimeXBT and BitSeven each offer unique interfaces designed to cater to their target audiences. Limit orders are used to specify a maximum or minimum price the trader is willing to buy or sell at. As of 2024 current polygon price stands at $0. Rewards are special bonuses that you can obtain by completing various tasks and reaching goals when trading on your PrimeXBT account, which provide you with additional benefits. This promotional offer allows you to gain a 35% bonus on the amount you deposit in your PrimeXBT account.

🚀 PrimeXBT Deposit Bonus 🔥 Get 20% Bonus For Your First Deposit, Up to $7000 Tradable Bonus 💵

🚀 We’ll explore how PrimeXBT operates, its diverse services, safety measures, and its ideal users. Click on my affiliate link to get started: PrimeXBT Sign Up. For additional inquiries, you can contact their team at. Active users across the world. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. 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. Cryptocurrency trading can be extremely profitable for those willing to put in the time, effort, and take some risks at times. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Vincent and Grenadines Sudan Suriname Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Türkiye Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe View as list. The PrimeXBT APK provides fast and reliable trade execution, ensuring you can react to market changes quickly. 😁Best regards,The PrimeXBT Team. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. 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. Anyone can view, post, and comment to this community. 2024 00343, having its registered office address at PKF Corporate Services Ltd. These exchanges do not require users to undergo identity verification, allowing them to trade cryptocurrencies without disclosing personal information. You do not want to be the kind of trader that makes a trade without having a plan. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Some users might find the lack of an API to be a drawback, especially if they are accustomed to utilizing APIs for automated trading or data analysis.

Important Notice

Telegram Announcements. Originally created in 2013 as a meme based Cryptocurrency, Dogecoin gained popularity for its Shiba Inu dog logo and a friendly community. One remark please add a general bright color scheme because changing colours of everything one by one is a bit uncomfortable. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. 2 – What’s in it for the banks who are currently raking vast amounts of money in transfer fees, have they suddenly morphed into philantropic organizations. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. Enjoy real time prices, technical indicators, drawing tools, without the need to switch platforms. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. Is this just a marketing spiel, or does it genuinely deliver. If a confirmation email is not received, check the spam/junk folder. If you are looking for ways to profit without investing and trading, make sure to check out our 4 level Affiliate program. This essentially ensures that SEC can not appeal the initial July 13th decision made by U. 01%, while the taker fee is 0. Active users across the world. These products are not suitable for all investors. Next, we’ll provide you with a summary of everything you need to know about each platform, along with the maximum level of leverage offered. Many have speculated that the creator could be Vitalik Buterin or Elon Musk, but both have denied these claims. If you’d like to try PrimeXBT with a demo account, consider joining one of our trading Contests. Carrying a dollar in your pocket poses some sort of chance of losing it. The network allows computations on and off the blockchain, supporting what it refers to as “hybrid smart contracts. It gives chances for everyone interested in trading to start from somewhere as its minimum disposal is affordable. 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. Get access to a wide range of trading, investing, and Crypto services from a single app. PrimeXBT charges no fees on deposits. We do cover each of these more in depth in our dedicated PrimeXBT review linked at the beginning of this article if you want a more thorough look. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. At its core, PrimeXBT stands as a comprehensive trading hub, particularly noted for facilitating the trading of popular cryptocurrencies against the US dollar, including key Bitcoin BTC pairs. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

Storage Offering

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. The processing time for withdrawals on PrimeXBT varies depending on the method used. Much like most other cryptos, DOGE also lost about 60% of its value that year from its previous highs of $0. Ideal for both beginners and pros. Litecoin has been called the silver to Bitcoin’s gold, and is meant to be faster, cheaper, and more efficient to use for general transactions. Click the submit button, and PrimeXBT will review your application. 20 x 60 = $ 1200 profit. Bisq is a decentralized Bitcoin exchange network, that allows peer to peer trading using unique, open source software that connects users who want to trade. PrimeXBT presents an interface that’s both customizable and user friendly. Subscribe to our newsletter, you are in very good company. 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. This is because moving averages are considered to be a lagging indicator, and therefore sometimes the markets can ignore them.