PrimeXBT Review: Key Takeaways

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Here's an overview of the different account tiers and their associated benefits. I've already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. The file is verified secure by PrimeXBT. If a margin account's balance or account equity falls below the required maintenance margin level, a margin call will be made to the investor or trader. PrimeXBT Trading Services, S. Additionally, an overnight finance fee varies for different cryptocurrencies based on their liquidity at the time. These products are not PrimeXBT trading suitable for all investors. For example, 1:200 leverage means that, if using $1,000 of your personal funds, you will be able to trade with up to $200,000. Despite the limited FAQ section, the platform's live chat and email form provided quick access to a support agent. If you're new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. We found the competitive side of the contests also provides a fun environment for users looking to trial strategies. Users need to withdraw cryptocurrency from PrimeXBT and then convert it to fiat via third party exchanges, which can add extra steps and fees to the process. 11 in 2026, which is a 309. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. You can learn more about their withdrawal fees on their dedicated FAQ page. Trading cryptocurrencies, forex, or any other product with leverage is inherently risky. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. The DEX will allow SHIB holders to earn interest using terms like DIG, BURY, FETCH, TREAT, and BONEFOLIO. Tax on profits may apply. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience. Unrecognized or Partially Recognized Jurisdictions. You can calculate how much interest you'll pay or earn when keeping a position open overnight by using the formulas below. The company accepts only the following participants. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. We're glad to hear that our platform suits your trading strategy and needs. The trading user experience on PrimeXBT is designed for both new and seasoned traders. One of the first things that futures traders look for in a platform is how leverage works.

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PrimeXBT offers various bonuses and promotions designed to enhance your trading experience, whether through additional trading capital, fee reductions, or deposit rewards. Users can open accounts, deposit crypto, and start trading with just an email address. He strongly recommends it to all traders. While KYC verification isn't required upon registration, you'll need to confirm your identity later for certain trades. Download now and elevate your trading experience on the move. Ethereum's long awaited Proof of Stake upgrade has been in discussion for as long as the blockchain's existed, so anticipation was high once the September launch was finalized. When customers navigate to the copy trading area of the platform they will be presented with a long list of traders, their trading performance for the past 24 hours, and their longer term performance. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. These codes often provide benefits such as deposit bonuses or fee discounts. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. 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. Our 24/7 support team here to help. PrimeXBT review holds users' funds in a secure offline environment, away from any internet connection, therefore substantially mitigating the risks. This DeFi platform is dedicated to providing a place for trading Cryptocurrencies, specially does which are related to the ecosystem, such as SHIB and LEASH. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. As a result, PrimeXBT should be referred to as a modern one stop trading machine that can be a perfect fit for customers with various backgrounds, portfolio types, investing strategies and so on. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. This step involves verifying the user's identity to prevent unauthorized access and fraudulent activities. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. By leveraging the power of algorithmic trading, cryptocurrency traders can enhance their trading performance, capitalise on market opportunities, and achieve their financial goals. No malware, spyware, phishing or pharming links. No, BitMEX does not offer copy trading features. However, if you're using traditional payment methods like Visa or Mastercard, your bank may want to verify the transaction. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Here on PrimeXBT, you can engage in a variety of trading activities, access advanced tools. However, it has become standard on most trading platforms. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users' trading activity to their respective identities.

How to Withdraw Crypto From PrimeXBT to Zengo

We established ourselves in the year 2018, Today attains 5 years of expertise and international experience in the field of Audit, Taxation and Assurance Services. Another example is LTC – for cross margin, its highest leverage is x50, but for isolated margin, it is x30. There is a reason why institutional traders have yet to take on Dogecoin; it can't fill all of the criteria that the "Big Money" looks for. Frequently, Cryptos with some sort of utility within the Crypto ecosystem will garner more attention and as a result more investors. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. Click Download and confirm the file download if you see a warning. More flexibility, security, and scalability are made possible by this division of responsibilities. Although the OKEx software is more popular, the platform also has an in browser option for increased user flexibility. There is another source or channel for information – forums and online Crypto communities. We're thrilled to hear that you find the deposit process easy and that using DEX for top ups is convenient and secure. Cryptocurrency trading is when people buy and sell cryptocurrencies, depending on the price movement. Traders give the platform's dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT's attention to aesthetic detail.

6 Don’t trade against the trend

The lack of regulatory oversight exposes users to a higher risk of fraud, scams, cyberattacks, and sudden crackdowns by authorities. This might cause a delay. Availability and Responsiveness of Support. My experience with PrimeXBT's customer support was mixed. Here's what it looks like in my Personal Profile. PrimeXBT released 14 versions of its interface in various languages: from English to Bahasa, from Russian to Vietnamese. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. 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. What's the story behind this cryptocurrency exchange. Remember that PrimeXBT offers leverage on their CFD products, so it is not necessary to put down the full value that you are trading. Black Pen Recruitment. 5 minutes to 10 minutes, and transactions per second ranging from 5 7 to over 50 transactions per second. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Have you used Prime XBT Yourself. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. © 2014 2024 SoftwareSuggest ®. PrimeXBT is a sophisticated online trading platform that offers a range of financial instruments across multiple asset classes such as cryptocurrencies, forex foreign exchange, commodities, and stock indices. The benefits that PrimeXBT provides are outweighed by the negatives. The middle BB line is a moving average that can determine when a trend reversal will happen or when a trend will grow stronger. Ensure that the funds you want to use are in your main wallet, then follow the selected trader's strategy to potentially earn passive income. A withdrawal requested before 12:00 UTC will be processed on the same day. For me onboarding at PrimeXBT was seamlss.

How to Install the APK

PrimeXBT features leverage of 100:1 for crypto pairs. If you're new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. These services are governed by the legal terms and conditions of PXBT. Required fields are marked. Please enter the desired amount that you would like to transfer. This exchange LITERALLY stole my money. Virgin Islands, Northern Mariana Islands. Social media advertisements. The best platform in the world will become the worst one in an instant for someone who has all their funds stolen from the exchange. His work enhances the platform's educational content, aiding traders in their decision making process. To summarize the comparison, here are the pros and cons of PrimeXBT and Bybit, highlighting the strengths and potential drawbacks of each platform. 001674 it saw a staggering trading volume of 222. They have to deposit their first amount and enter the promo code 'TMMBONUS' to receive the bonus within 24 hours. 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. This gives the trader the advantage of making money on "borrowed funds". Last updated 3 months ago. Anyone who can create a proper strategy and employ risk management strategies can find success regularly. Returns or profits may be subject to capital gains tax. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. To activate a promo code on PrimeXBT, log into your account and either go to the 'Hub' section and enter the code under 'Promo code', or use the 'Margin' page.

EA Builders

The first pan Caribbean private equity fund dedicated exclusively to making investments in the CARICOM Region. For PrimeXBT commodities, traders can trade popular items like oil and gold. All of these various strategies combined can improve the likelihood of success when trading, and protect capital against any potential risk associated with trading. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. The information provided from SmartOptions is for informational purposes only. They aggregate, or "pool," their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. If you need further assistance, feel free to reach out at. Privacy practices may vary, for example, based on the features you use or your age. Poppe told his 719,000 followers on X that Ether «is at the end stage of the correction,» as illustrated in the graph below. The case is set to continue, and the final outcome remains to be seen. Prime XBT Trading Services, S. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. For the Pros 👨‍💻: You can enable "one click" ordering if time is of the essence with the trade. If you would like to try and increase your profits as a trader already quite established — or even if you are a newbie trader looking to get into the game — it is worth checking out a free account from PrimeXBT which will offer you the chance to day trade on forex, commodities, cryptocurrency and some of the most popular indices such as SandP 500, FTSE100 with leverage of up to 1,000x. You can also set stop and limit orders to protect you from taking a huge risk.

Partnerships and integrations

Using short selling as a hedging strategy lowers the losses made during a bearish market. The opinions expressed in articles by guest authors do not necessarily reflect the views of U. Getting started with PrimeXBT is quick and hassle free. Invest €100+ in crypto and hold it for 30 days to receive €20 in BTC. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. PrimeXBT has never suffered a hack or security breach during its operational history. So, this index really is a bit of a bellwether of the US economy and this is important to note because when things are going well for America, the index will be higher, but if the opposite happens, things can go the other way. This helps stop identity theft, fraud, and other bad stuff from happening. Join 1M+ traders who choose PrimeXBT as their go to trading platform. 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. Reply from PrimeXBT Copy Trading. PrimeXBT ranks as one of the best platforms for shorting Bitcoin.

Recent Comments

This also will increase risk so prepare accordingly. Or for an experienced trader to find the advanced features they need. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Arbitrage can also be done through cryptocurrency pairs, where a trader can make a profit by taking advantage of the price difference between the matched cryptocurrencies. These bars are sometimes referred to by their acronym, OHLC. It's a great way to learn from others and get better at trading. These fees apply to all asset classes, including cryptocurrencies, forex, commodities, and indices. The PrimeXBT affiliate program offers individuals the opportunity to earn additional income by promoting PrimeXBT to their audience. If you do not have have the time or experience to trade or simply do not want to trade yourself, we highly recommend check out the Covesting module. If the delay persists, contact PrimeXBT support for assistance. On top of that if you are working with crypto exchange,, then it's probably impossible to trade currencies as well. No, Binance primarily focuses on cryptocurrency trading and does not offer forex trading. IT Services and IT Consulting. PrimeXBT affiliate program offers an opportunity for publishers to earn commissions by attracting new users to this platform. Crystal's risk scoring example. PrimeXBT has not gone public yet. 2%, while those with substantial holdings will pay as little as 0. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. So what do I need to have a Primexbt Demo accountPrimeXBT approachA demo account is a virtual trading account that allows traders to test out their strategies without risking any real money.

Disclaimer

Here, you can choose the exact amount of BTC that you want to close from your position, and when you input this, you can simply hit the blue button. 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. Follow expert traders effortlessly and replicate their success. If you have any questions or need assistance with the platform's features, feel free to reach out to. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You can trade on OpenPeer directly from your self custody wallet like MetaMask or Trust wallet. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform's current offerings. This will complete the registration process and you are now ready to login to your PrimeXBT account and enjoy this feature and more. Best regards,The PrimeXBT Team. While you'll be limited in what you can do with an unverified account, the Level 1 KYC asks for minimal personal information you'll just need to provide your country and name. You are taking the difference between the open and close price and multiplying that by the position size. The adoption of DeFi platforms like ShibaSwap increases the token's utility, which in turn raises its value. This can be good or bad, depending on whether or not the trade has worked out. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. These trading terms are seen as critical metrics for assessing. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. The processing time for deposits varies depending on the cryptocurrency and blockchain network used. For example, if you deposited with Volet, you must also withdraw using Volet.

PhanT

This is a service for copying trades, it allows the user to duplicate trade settings on the trade by taking them from another user for a small fee. Choosing Stocks for your first trade involves research and analysis. The native asset of the Stellar blockchain is called lumens, and is commonly described with the ticker XLM. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. This review will explore what makes PrimeXBT great, like its wide range of financial tools and easy to use interface. This is done automatically most of the time with brokerages, although some will contact you to suggest that you should put in more margin. PrimeXBT offers a diverse selection of assets for spot trading, providing traders with the opportunity to expand their portfolio and engage in multiple markets. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users' trading activity to their respective identities. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. Notably, there are no trust scores from CoinMarketCap and CoinGecko. The inactivity costs of PrimeXBT were also considered in our evaluation. This is something that you can get in your account management page under the "referral" section. Hardware security keys. PrimeXBt certainly has several advantagesFor example, I can deposit my account through Metamask crypto wallet Tbh, this is the most important thing I wanted to write in my PrimeXBT review. There is no account fee, and the trading fee is 0. It is worth noting that Perfect Money charges the 1. I guess the global markets are just for fun idk. However, professional traders usually understand major market forces and try to mitigate market risks as much as possible. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. PrimeXBT is known for more than just trading. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. Whether there are limits on the withdrawal amount is not specified on the site. Buying and holding is a simple and usually effective method to profit from a Cryptocurrency, but it may not be the best use of XRP. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. This could be ideal for those who like to trade with technical analysis.

Khalid m

The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. Customer support is available 24/7 through live chat and email. Next, we will explore the security measures employed by PrimeXBT. Fiat exchange services are subject to and governed by Baksta's Terms and Conditions and Policies. Whether you're navigating through your first trade or fine tuning advanced settings, it's all smooth sailing. Bit2Me is a cryptocurrency broker based in Spain that launched its service in and offers individuals to buy and sell more than 80 cryptocurrencies. However, depositing or withdrawing fiat currency will require KYC identity verification. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC.

Open free account

As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Unlike its larger competitors, PrimeXBT does not offer P2P trading. 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. For users who opt to complete the KYC process, MEXC offers increased withdrawal limits. One of the top options is Best Wallet – which doubles up as a no KYC exchange. We're glad to hear that you recognize PrimeXBT as a versatile exchange offering a wide range of financial assets beyond just cryptocurrencies. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 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. However, it must be said that verification is not necessarily a disadvantage, because CFD brokers naturally offer a lot of protection and are regulated, which is not the case with PrimeXBT. We have seen the Ethereum market cap expand quite rapidly and then shrink just as quickly due to such mass speculation. Other people are not good traders. The minimum deposit is from $1. Watch Animated Crypto Video Explainers. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People's Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People's Republic. The profit share model on PrimeXBT is designed to be fair and transparent. Analyze a range of top Cryptocurrency Exchanges Software that offer similar benefits at competitive prices. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. However, you need to be cautious because if Bitcoin were to drop, you would have seen an acceleration of losses. 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. In the next section, we will discuss the countries where PrimeXBT is restricted and the reasons behind these restrictions. The file is verified secure by PrimeXBT. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. These products are not suitable for all investors. Insights into PrimeXBT's Cryptocurrency Trading. If you want to reduce the risk, you can simply open a smaller position. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Once you start getting good at the basics, it is possible to increase your profits by doing the same thing, but with better techniques and tools — such as margin and leverage trading.

Open free account

The exchange focuses on the ETH/USD and BTC/USD trading pairs. Ethereum did get a bit of a boost just ahead of the event in anticipation of much more scalability and use case scenarios in the Ethereum network. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. The platform is aimed both at traders who seek to make money on short term fluctuations in rates, and at ordinary buyers and sellers of cryptocurrency, for whom it is important to make transactions at favorable prices with low commissions. PrimeXBT lets you deposit and withdraw with crypto and fiat, with fast processing. Your stop loss order will protect you from losing too much of your account. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Solana, often dubbed the "Ethereum killer" for its high speed transaction capabilities and scalability, has seen dramatic fluctuations in its price. No, PrimeXBT does not currently offer any services to residents of the United States. However, it's crucial to remember that this power comes with amplified risks, leverage can also exacerbate losses if the market moves against you. Bitcoin Cash and Bitcoin Gold, and 'Halving Events', which occur approximately every four years. Proprietary trading platform. The $1000 level continues to be an area of extreme interest, as it has offered support going back to the middle of 2022.

Worse

Fees which traders should take into consideration are. Ethereum comes in with what you could call built in demand, since a lot of its DeFi, NFT products and smart contracts, are fuelled by Ether and fees are paid in the network's native coin. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 20 EUR/CHF peg which sent shockwaves through the markets. 🇯🇵 BoJ Ueda speaks: Monetary policy and growth outlook for Japan. PrimeXBT allows direct Fiat deposits to CFD trading account by automatically funding the trading account when a deposit is made to the wallet. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. When looking at the top holders, you need to be aware of a couple of nuances. Five years from now, MATIC should continue to increase in value, with most people believing that the price of Polygon should be somewhere in the neighborhood of $3. With years of experience in the markets, we're the broker of choice for 1M+ traders globally. However, much depends on the adoption of blockchain technology and its applications. A proper trading strategy and planning that includes fundamental and technical analysis, relying on chart patterns, trading indicators, and market sentiment before entering a position, can improve the chances of success significantly and therefore in turn lower risk. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Simply open up your Zengo wallet app to check your updated balance, which should reflect the latest transaction once the funds arrive. By signing up, I accept TandC and Privacy Policy. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Since trading AI Artificial intelligence bots differ in risk levels, success rates, and how well they handle different market conditions, it's important to choose the right one for your trading style. Being licensed shows its commitment to following the law. It stands out among competitors like OKX and BingX.