FAQ

Dear DanutaThanks for your feedback, PrimeXBT appreciates your connect PrimeXBT bot opinion. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. If the credibility of the industry as a whole is further boosted we could see smart contracts become mainstream or crypto ATMs on every corner, not only in the biggest cities of the world. I am still in a trade, let’s rock. If a trader is knocked back after being greedy, their mindset will become one that is more aligned with fearful trading. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. As stated above, KYC programs are designed to ensure the legitimacy of a market and avoid exposing clients to illegal activities. An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. 1 BTC and your balance would be 1. To enter into a short position, you have to borrow cryptocurrencies and trade them on an exchange platform at their current prices. It is still highly speculative, and crypto is a small market. Hello Caetano,Thank you for the fantastic review. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. This is known as decentralized finance DeFi. To make money on PrimeXBT, engage in strategic trading by analyzing market trends, utilizing available tools, setting risk management strategies, and staying informed about market developments. Senin – Selasa, Kamis – Sabtu. Choose the asset you want to trade. Margin accounts also enable derivatives trading contracts such as Futures, Options, and CFDs. The safest way to buy Bitcoin is to use a regulated broker and to have enough free margin in your account to withstand negative price fluctuations. Primexbt in this regard suit me most, thanks for infrastructure. This is where we’ve collected the most popular reviews about the PrimeXBT app. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits.

What customer support and educational resources does PrimeXBT provide?

Below is an example of how leverage will work on the PrimeXBT platform. It includes an in house copy trading service, ideal for mobile traders, and the trading platform features charts from TradingView with 50+ technical indicators. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. In addition to trading, PrimeXBT clients can utilize copytrading auto copying of trades to generate income effortlessly. I can even customize it which helps me execute trades smoothly. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Comments: One thing that I really appreciate about PrimeXBT is that it is not simply a run of the mill crypto exchange, but rather a highly advanced trading platform offering a wide range of assets from various markets. 95% in total fees for fiat currency deposits. Investing in a new token that has low liquidity is risky. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. Advanced trading concepts can be confusing for beginners. PrimeXBT has integrated a 24/7 live chat service into their trading platform to the lower right of the screen, with several agents always active. For updates and exclusive offers enter your email. Thanks to the TradingView integration, it offers more customization and charting functionality. PrimeXBT is often praised for its low fees with spreads as low as 0% and trading commissions as low as 0. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Lately, I hear more often that someone is trading on this platform or opened trading account. PrimeXBT has never suffered a hack or security breach during its operational history. Chart features include. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. 05% for most trades and providing special rates for crypto futures. The next sections will delve deeper into each type of fee, providing you with detailed information on how to manage them effectively. I’ve been using the copy trading module for a while now, and it’s been a game changer for me. Sometimes, increased activity on a network could be triggered by the same group of traders transacting between different wallets. One of its entities is also licensed and regulated as a crypto wallet. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. Usually ID, passport, a bank statement and a utility bill.

Margin Impact

The PrimeXBT platform has plenty of tools available to suit traders of most skill levels. That’s why we’ve recently added Perfect Money to our long list of deposit methods for our clients around the world. This was during the Crypto hype bubble of late 2017, which caused the Crypto industry to be put on the map and made them a household name. 45 since, as you can see in the chart above. However, it lacks other essential features like a depth of markets tool and does not support automated trading via Expert Advisors EAs. Also you have to join a waitlist for the service, which won’t launch until late summer of 2021 at the earliest. Users can reach out to the support team through various channels, including live chat, email, and social media. These ETFs’ huge inflows had previously offset outflow from GBTC. After entering the code, select your country of residence from the drop down list. On the other hand, a maker fee is incurred when you place a limit order and thus provide liquidity. The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. If you have any further insights, questions, or need assistance with any aspect of our platform, please don’t hesitate to reach out at. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. This way, you do not have to take custody, nor do you have to worry about storage. These bonuses are designed to give traders an extra edge, enabling them to trade more effectively and profitably. Reply from PrimeXBT Copy Trading. Well, we are not really fans of mobile trading in general. It is another blockchain ecosystem that has been relatively quiet over the last several years. It would be best if you saw Crypto takeoff for Shiba Inu to invest in the payoff. A thorough investigation and a scientific approach to blockchain technology led to the development of Cardano.

How to trade commodities

Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. The world of trading and Cryptocurrencies can be exciting, and the potential for high returns certainly adds to the thrill. In a world where data privacy and security are non negotiable, every user deserves an exchange that respects their rights, values their privacy, and ensures that compliance extends to all aspects of their operations. Consider PrimeXBT for its advanced technology, versatility, top notch security, transparent fees, and extensive trading opportunities. PrimeXBT also protects its clients not through regulation, but anonymity and cybersecurity, mitigating the damage that hackers could do and reducing its attractiveness. Learn more about Baksta’s Legal Terms. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Nobody begins a road trip without first consulting a map. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Here is what’s available to choose from. The ability to trade long and short on the markets is one of the most appealing features of a CFD trading platform.

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Unreliable nodes are sorted out. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. 0005 BTC for Bitcoin withdrawals. There was a 300$ referal campaign bonus. There are two main types of storage for digital currencies: hot wallets and cold wallets. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. 2024 00343, having its registered office address at PKF Corporate Services Ltd. As a US trader, it’s really starting to look like the US doesn’t want its citizens trading crypto. If you have any further questions or need assistance, please don’t hesitate to contact us at. Crypto transactions are supposed to be anonymous. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. For example, you may wish to buy €100,000 against the US dollar. We will also discuss the eligibility criteria and the steps required to claim these bonuses. Traders Union TradersUnion. 001 BTC to get started.

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You can only withdraw fiat using the same payment method you used for deposits. I really appreciate it. The platform offers a very limited range of crypto futures markets and conditional orders. By incorporating these risk management techniques into your investment strategy, you can protect your capital and improve your chances of long term profitability on PrimeXBT. Unlike traditional currencies, Ethereum isn’t physical. If you want to store your coins bought on an exchange, the safest way is to use a cold hardware wallet. If you’re just getting started with crypto, you’ll want an easy and reliable way to purchase tokens like BTC. Smaller incremental gains maybe better for the stability of and longevity of the coin and the network at large.

Desktop Version

I have broken down the most important research tools with PrimeXBT below. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Halving causes BTC prices to soar since it decreases supply and creates scarcity. Technical analysis is a methodology utilized to make sense of an asset’s anticipated long term value and growth prospects by examining chart patterns, trend lines, and other signals instead of statistics and data. Any coin built on Ethereum relies on ETH in some way, making the price per ETH rise exponentially recently. Here’s how to get in touch with them. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. Both platforms offer some of the lowest fees in the industry. This is actually a step towards adoption if the CEX is abiding by local regulations so should be celebrated in a way. Active users across the world. A whitepaper is a reference document outlining all the benefits and applications of a cryptocurrency project. 63 at the time, the price of Doge reached its own all time high at the time of $0. However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. However, higher withdrawal limits may require verification. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. Additionally, in isolated margin mode, the funds in a trading account allocated to margin can not be used to trade with until positions are closed.

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They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. You can open an account and start trading with just your email address. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. Information regarding past performance is not a reliable indicator of future performance. If the app is unavailable in your region, you can still access it through direct download from our site. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Click on the link in the email to verify the withdrawal. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. 000027 resistance level, analysts foresee the potential for a rally toward targets at $0. Upon registering, users automatically receive a СFD Trading or Crypto Futures USDT accounts. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts.

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If the app is unavailable in your region, you can still access it through direct download from our site. PrimeXBT operates under the entity PrimeXBT Trading Services Ltd. Prices will also consolidate when trading volumes are low. Therefore, I recommend this broker to manual traders and those favouring copy trading. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Apart from cryptocurrencies margin trading, the users can trade FX, CFDs on commodities and indices, all from a single Bitcoin funded account. Users can analyze the past performance of traders, assess their risk levels, and decide whom to copy. Trading Fees and Liquidity. My deposit was credited after 20 network confirmations, which took a few minutes. Traders focus on the big picture, looking for opportunities to capitalise on long term trends in the market. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. A more reasonable prediction forecast is that XLM could trade at between $0. Notably, Securities and Exchange Commission SEC chair Gary Gensler announced his resignation on January 20th, when Trump will take office. PrimeXBT does not charge fees for Crypto and Fiat deposits. There have been no reported hacks or security breaches in the exchange’s history. This broker takes care of newcomers. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Like any other loan that you take out, you will have to pay back any of the money that you have borrowed plus interest.

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Crypto, Stocks, Commodities and all financial instruments traded in the open market are high risk investments, and you should not expect to be protected if something goes wrong. Futures are high profit and high risk, while Options are less risky but still provide much profit opportunity or the chance to hedge spot positions. PrimeXBT users can buy, exchange, and transfer Crypto via the Main page,. For the NZD/USD currency pair, for example, overnight financing for both long and short positions is now just 0. Yet, where does copy trading fit in this complex equation. Or search for a confirmation email from. These are supported on both iOS and Android devices. As always, exercise caution when trading cryptocurrencies especially with leverage. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. As with any investment, it’s crucial to conduct thorough research and consider your financial goals and risk tolerance before investing in XRP. There are extra fees involved in shorting stocks, so therefore it is something that should be approached with caution.

Joaquin Lopez

Ever expanding list of Crypto assets. Email usto arrange a time to discuss. Throughout my testing, the app performed smoothly without any bugs or glitches. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. With PrimeXBT Copy Trading, just copy the experts to earn passive income. Easily buy Crypto with Visa or Mastercard. However, it has become standard on most trading platforms. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot. Although the number of those transactions increased so has the adoption of cryptocurrencies. As the Crypto market grows, solutions like Polygon will become even more important. This causes a slight delay in funds being available in the account. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. The information on this website is for educational purposes only, and investing carries risks. 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. Scan this code to download app. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. PrimeXBT Instruments: My Key Takeaways. KYC is optional on PrimeXBT. Brand operating since. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. PrimeXBT offers margin trading with leverage up to 100x, which is attractive for traders looking to maximize their returns. Prime XPT is an exceptional product that has truly exceeded my expectations. There are more than 400 cryptocurrencies available to trade, and all major fiat currencies like USD, EUR, GBP, AUD, and CAD are supported. The most bullish seems to be VanEck a global investment fund house, which believes ETH is a triple point asset that is a both a consumer and capital asset but even a store of value. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. The reviewers also mention an active and encouraging community, which is a highlight especially for new Crypto traders, but a valuable benefit for experienced traders as well. In September the price initially recovered as investors anticipated the implementation of Vasil, with ADA hitting a high of $0. Other procedures PrimeXBT maintains for its security are detailed here.

Mobile App for PrimeXBT

Our Currency Converter uses live rates to provide you with the most up to date conversions. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. This is why it is such an important criterion for us when we complete these reviews. It maintains an active community across social channels and runs community events, which positions it as a more community centric platform. Brand operating since. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. They are registered in Seychelles and have offices in St. For our trading test, we thoroughly evaluated the PrimeXBT platform. Denver reported that during the last hack of Coinbase, customer funds were replaced from their insurance fund. Leverage is only very low for cryptocurrencies, other assets can be traded with industry standard leverage. Users can add watchlists for their favorite pairs, view pending and open orders, and, best of all, they can drag different elements around the screen, meaning they can have a layout that suits their needs best.