PrimeXBT Review 2024: Pros, Cons and How it Compares

The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. We offer various order types so the traders can be as versatile as they want. However, a comprehensive crypto regulatory framework could be good for the market in the long run, as it could drive adoption. A fee of 5 USD applies to all withdrawals to Local Thai banks. However, Bybit actually has a negative maker fee of 0. The average price is expected to be near $52,000 for 2025. Related: MEXC Review 2023: How Safe and Legit is MEXC. Before deciding between Cardano and Solana, we will examine both in detail. Users can select the language of their preference in the tab located in the upper right corner of the platform, which will be identified with a flag. Promo codes are generally found across the internet in relevant trading communities, blogs, and social media platforms, but may also be issued individually. You place your trade above or below the current price and then wait for it to get triggered. Crypto Futures: Users can trade perpetual contracts via the Crypto Futures platform. The trading terminal on PrimeXBT works almost perfectly. At its core, this simplistic module is highly effective as the professional trader is of course incentivised to perform well as the trades they make are with their own money, plus, and successes they see will also earn them more money. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. As such, it has a higher barrier to entry than other exchanges. Second, when it comes to trading technology, they do not offer API functionality. The price will consolidate after a steep uptrend or downtrend. The risk free trading environment offers crypto based prizes and a chance to practice without the fear of loss. Actual adoption levels, new competition, regulations and technological change could all significantly impact Cardano’s growth trajectory and token prices. It is also worth pointing out that the PrimeXBT copy trading minimum deposit is simply as low as it would cost to cover the lowest margin trade in question, which is great for beginners. If you hold COV tokens, you get access to better rates of profit sharing, up to a maximum of 75%. If the crypto world starts to see more adoption, Ethereum will be one of the first places it happens. Here, copy traders can earn 75% profit share. We will talk more indepth about this later on in this PrimeXBT Tutorial. Our deep dive examines PrimeXBT’s security, fees, ease of use, and key trading options, including leverage and copy trading.

Alternatives to consider

Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. Once this offer has been claimed, a Reward will be activated on your Trading account. Disclosure: I am an independent ClickFunnels Affiliate, not an employee. This flexibility facilitates long term strategies and simplifies trade management, as there is no need to worry about rolling over contracts. As mentioned previously, cross margin trading is great for holding and keeping a losing position from closing. Metaspins offers a solid selection of cryptocurrency deposit options. Plus, details like this can help those who enjoy copy trading on the exchange. PrimeXBT Turbo has a set of advantages and disadvantages. Of course, higher leverage means higher risk, so proceed with caution when using leverage. Prime Technology Ltd is PrimeXBT’s Technology Provider. PrimeXBT’s leverage rates are a unique selling point. At the moment PrimeXBT supports BTC, ETH, USDT, USDC and COV deposits using the following networks. In addition to core trading capabilities, the PrimeXBT app also conveniently grants you access to unique proprietary features unavailable anywhere else. Both deposits and withdrawals can only be conducted via cryptocurrency transfers, which come with inherent risks related to encryption and traceability. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. In order to do this, you will need to provide them with an email and password. The higher the amount/size traded, the greater the risk /potential reward. The exchange offers 24/7 customer support and a live chat integrated into the platform. This is fantastic for beginners who may not want to be daunted by every feature that PrimeXBT offers, as well as advanced users who would prefer a streamlined view that focuses only on the elements that matter to them. This is also happening more often than in the past years. On the next page, you’ll select your country. This is why many different exchange platforms offer it to their communities, and why there are several exchanges that exist solely to work with futures. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. Cryptocurrencies are inherently risky, so only invest what you’re comfortable potentially losing. PrimeXBT is an unregulated exchange and, for that reason, it is recommended that users do their research and exercise caution before using it.

Reviews3 2

That being said, a lot of experts believe that the next Bitcoin halving event should act like the previous ones. By the end of this guide, you will have all the information you need to decide which platform is right for you. 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. PrimeXBT offers access to global markets including Cryptocurrencies, Forex, Commodities, and Indices from a single account. That being said, it should be noted that not every pair can reach this level. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Overnight financing is not charged on weekends for markets that are closed during this time, however a triple financing rate is due on Thursday 00:00 UTC. On the user side of things, PrimeXBT allows you to secure your account using a strong email plus password combination along with Google Authenticator based 2FA 2 factor authentication. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. 00B DOGE were created in the last year. While PrimeXBT offers some of the best margin trading crypto https://primexbt-trader.com/ users can currently get, you won’t be able to do any of this unless you put down the minimum qualifying deposit. Hesap doğrulama sürecini 9 Haziran 2022 saat 22:30 UTC’den önce başlatan ve 11 Haziran 2022’den önce başarıyla geçen her kullanıcı 30 ABD doları ödül aldı. Clicking on this button will bring up the trading mode confirmation menu. 1 BTC into PrimeXBT exchange, the maximum amount of funds you can lose is 0. Time: date and time of the executed order;. Leveraged tokens have become a very popular product and are now offered by many of the major exchanges. There is also no news of hacks and funds being stolen from the crypto exchange. Liquidation is the automatic closing of all currently open positions at market price, if margin requirements are not maintained. Easily schedule regular transactions to reduce the impact of price volatility. What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world.

What are Long and Short positions?

5 Customer Support: Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. 1️⃣ USD currency Wallet will be automatically preselected. Table of contentsWhat is a demo account. In terms of the reviews by other traders, they appear to be quite mixed. Failing that, we’ll examine which jurisdictions PrimeXBT operates in. 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. Trade with our Global Markets platform and watch your earnings grow. X200 leverage futures contracts can be very intense, and poor market movements can easily harm a person’s finances. In the fast paced world of trading, having the right tools can make the difference between profit and loss. Additionally, PrimeXBT supports the trading of Crypto BTC trade pairings. The current 24H withdrawal limit of your account can be viewed on the ‘Settings’ section of your account. This means that they will shut the position down before things get out of hand. After selecting the amount of choice, it’s time to send order, and start trading. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. And to meet today’s demand for constant connectivity, PrimeXBT offers full featured mobile apps for iOS and Android devices. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Inexperienced traders or institutional investors can be fixated about entering trading positions when the price hits a round number. Hope all your questions will be solved. Not only this, but more niche assets such as ATOM and TRX are available, as well. Later in 2019, PrimeXBT also opened an office in St. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes. While they don’t offer nearly as many earn products as Binance, they have a lot more on offer than much of the competition out there. Our 24/7 support team here to helpLive chat. However, this admission only affects Bitcoin and only a specific trading product Bitcoin Futures Derivatives. The outlook for Dogecoin will rise and fall with the overall Crypto market. Allof the hottest macro markets are included, such as oil, gold, and the SandP500. PrimeXBT offers not only a leading platform for crypto futures trading but also offers a wide range of traditional asset CFDs, providing traders with an abundance of opportunities to diversify their portfolios and hedge against market volatility.

Cryptocurrencies

First Digital USD FDUSD. As you can see, caution is necessary. There are, of course, both advantages and disadvantages to shorting Shiba Inu. Com so we can address your specific issues. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Complete control over one’s portfolio is possible thanks to the platform’s massive listing of more than 100 different trading instruments across forex currencies, crypto, commodities, and stock indices. PrimeXBT simplifies matters by only offering one account. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. The same value of identical Russian stocks was sold in London for US dollars and other currencies with the same bank—DB. The bonus will remain valid for two weeks, giving you plenty of time to explore their trading platform. UNI lets token holders participate in decision making that can impact the platform’s operations. Following a VIP tier level, here is what traders on Bybit can expect to pay for trading fees. There are a number of factors that drive the dynamics behind financial markets, their trends, and their revolving market cycles. The Referral Program applies only to Global Markets Margin trading accounts and does not provide referral payouts from referrals that trade or follow in the Copy Trading module or trade in Crypto Futures platform. Choose one of the following products that suits your needs. Second, when it comes to trading technology, they do not offer API functionality. Aside from the trading interface, Bybit is quite nice to use in terms of navigation. Managers earn profit sharing from follower copying fees based on the performance of their portfolio. Chose the corresponding Wallet. PrimeXBT offers users the opportunity to trade the Crypto market with leverage as high as 1:100. This is PrimeXBT’s biggest weakness. Upon joining a contest, you will be provided with a free pre funded contest account. 5, which you multiply by 200 and get a profit of $7,900 because you had a “long” position. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch and More. 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. Chainlink will reach $129.

Credit

It should also be noted that they managed to get the Ethereum price target correct to the upside in 2022 before the market fell. This flexibility makes them suitable for longer term strategies. Here are just a few of them. Conditions are super delicious in my opinion, especially for trading crypto futures, both cross and isolated margin are available, fees don’t bite much compared to competitors. The trade fees are very straightforward. It truly elevates the overall user experience. If you received an error when placing an order or a position make sure to check the Trade activity log for possible reasons. Research about the crypto regulations in your country to find out if there is a tax and, if so, the percentage you have to pay. The platform allows users to trade both long and short positions, with margin. Another example is LTC – for cross margin, its highest leverage is x50, but for isolated margin, it is x30. As a result, it allows two factor authentication, SSL encryption, Cloudflare DDoS protection, and cryptographically hashed passwords. With that said, the knowledge of support staff is good and they’re able to help with a range of queries, from liquidation price and platform maintenance, to account queries and help if orders are rejected. Who has info or experience with Prime XBT trading platform. Other options for contacting support. We recommend any actions that help secure your funds when trading online. What began as a vision has rapidly evolved into a global force, now serving clients in over 150 countries. Thanks for your high score, PrimeXBT really appreciates your opinion and feedback. From a quote embedded in Googleland. If you’re looking for a low cost way to begin investing in cryptocurrency, XRP might be a good option due to its growth potential.

Bitenergy

Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. There are no hidden fees like deposit fees or withdrawal fees at PrimeXBT. B When clicking the right mouse button in the chart field, a trade selection tool will appear, giving you the choice to place a Buy or Sell order. 05% for Cryptocurrencies. Prime XBT only charges two types of fees – the trade fee, charged for entering the position, and the overnight fee, which is for financing the position. Of course, each cryptocurrency withdrawal is still subject to the industry standard miner or network fee, but Bybit keeps these as minimal as possible. 05% for Cryptocurrencies. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Primexbt deposit bonus. Prime Technology Ltd is PrimeXBT’s Technology Provider. Once things turn around, a long position would take advantage of any bullish upside. In 2017, it was established as a subsidiary of OKCoin. Once the transfer has been completed, the transferred amount of ETH will be added to the Strategy Equity in the ‘Strategy Stats’ section. IOT has broken above the 1D Channel Up that started the strong uptrend early in January. Yes, you can deposit Cash: USD directly to your Cash Wallets on PrimeXBT from your personal AdvCash account or via Perfect Money. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. PrimeXBT’s advanced charting tools and technical indicators facilitate in depth market analysis, allowing users to make informed decisions based on real time data. Parachains: These are autonomous blockchains operating concurrently with the Relay Chain. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line.

Currency Information

You might also like: PRIME XBT Review. No, Unrealized P/L does not include any fees incurred from trades. Gemini is easy to use and offers a variety of trading features and rewards. No, all that is required to open a PrimeXBT account is a valid email address and password. Com or you can contact us in the chat room on our website. 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. It will be removed from the account, and the account’s Balance will be cleared to 0;. Next it’s just a matter of making a deposit via a crypto or a regular payment method. There was no additional explanation for the blocked access in these regions. Long selling is buying low and re selling high. GAS are derived from a combination of the first and second nearby month future contracts. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. After editing your order, make sure to double check your selected order parameters and Margin Impact. Maximum leverage rates for energies, and indices go up to 1:100. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. Incorporating stop orders into your trading strategy equips you with the ability to secure profits, manage risk, and make informed decisions in the ever evolving world of finance. Buying and holding cryptocurrencies worked well a few years ago, but the market has moved beyond that in 2020. That is not a criticism against them, these platforms are not in the niche of providing beginner and user friendly platforms, they are in the business of running advanced crypto trading platforms for serious and experienced traders. Activation window: 24 hours. This means that if the Bitcoin price moves up only 1%, you will actually make 10% on your initial margin. The app lets you have a constant connection to global markets. Sublime also offers people that trade the crypto market three tiers of engagement, all them offering crypto signals, scalping signals and multilingual VIP chat. Thank you for choosing PrimeXBT.

PrimeXBT Debuts PrimeXBT Turbo Platform

This is probably due to the fact that the US has banned the form of CFD margin trading featured at PrimeXBT. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. While silver markets are wildly popular with traders, there are some drawbacks. The fees are available for Cryptos, Forex, Commodities, and Indices. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. These traders never miss a beat – orders execute at the price intended with little to no slippage whatsoever. Rather than only spreading theirinvestments across various assets and markets, investors can build a portfolioof strategy managers with unique performance traits and abilities. Upon registering, users automatically receive a BTC margin account. Our products allow traders to gain exposure to major cryptocurrencies, such as Bitcoin and Ethereum and others, without tying up lots of capital. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. We are happy to announce that PrimeXBT together with Covesting have reviewed COV membership tiers and dramatically reduced the amount of COV tokens required to activate a COV membership. The platform offers a wide range of trading instruments, including cryptocurrencies, forex, commodities, and stock indices, and provides high leverage levels of up to 1000x on selected trading instruments. These are the project website’s metrics based on Ahrefs Rank. Also, do not use the same password for your email and for other services, as this could compromise your account should someone get ahold of your credentials. Now press “Create account”. PrimeXBT also offers such services with Covesting yield accounts, the PrimeXBT Trading Academy, and more. The platform offers maximum leverage of up to 100x on some assets and has a very user friendly interface.

Link to comment

Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. It will show up under their respective taps. If you choose this, then you are unable to access the highest leverage range that PrimeXBT Crypto Futures offer. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. Note that the minimum amount to deposit via AdvCash is 10 USD. Users don’t need to enable 2FA on their phone although it is highly encouraged. The DeFi expansion continued and as 2023 ended, ETH went from highs to highs. Users also have the ability to email support at. Instructions for withdrawing from users accounts can be found here from official support sources. In turn, this risk management approach may lead to a more consistent and stable return on investment. Unique individual alphanumeric promocodes for +35% or +50% deposit bonus distributed by PrimeXBT representatives are not affected, and will provide a corresponding deposit bonus according to the campaign rules;. Here’s just a sample of some of the industry experts who believe that Ethereum price will go up. Yes, all that it takes to trade these markets is access via a broker like PrimeXBT. Margin trading on PrimeXBT, like any form of leveraged trading, has advantages and disadvantages. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. In other words, Dogecoin’s price cannot rise above its current levels until the demand for it is outweighed by the existing supply. Cardano distinguishes itself further by employing the Ouroboros proof of stake PoS consensus process. I always use my principle that good cooperation cannot be built without trust. For specific concerns, please contact us at. Reports: Users can view trading and transfer histories via the Reports page. Starting Price:Available on Request. Bybit and Coinbase attract different users and specialize in different areas. Due to space limitations, slot allocation may be somewhat competitive in the future and challenging to obtain. Your trades will also be set to a cross margin type. Choose one of the following products that suits your needs. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. Let’s see how to get the bonus. There are platforms out there, like PrimeXBT, that offers new traders a free account to begin with that is aimed at helping newbie traders, as well as experienced heads.

Burhardt

In addition, Fiat wallets allow users to deposit, withdraw, and transfer Fiat currencies. 2022 has been brutal on most crypto markets, but 2023 brought some optimism back to markets. For instructions on how to place orders click here. Let’s say the ETH price is $3,147. This is very low, especially when compared to other exchanges. Sign up with this link and then deposit the stipulated amount before the timer expires. However, its offerings extend far beyond the realm of digital currencies. Open PrimeXBT Account. An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. This can be a concern for users seeking platforms with strong regulatory compliance. Copy Trading: PrimeXBT enables users to copy the strategies of leading traders through the ‘Copy Trading’ product. It can prove helpful for traders who are just getting started with Bitcoin trading. Follow the same steps to trade Forex, Commodities, or Indices. Your money is your money, and with PrimeXBT’s smartphone app, it’s possible to make a deposit or withdrawal or simply move money around from account to account from anywhere in the world. Security features include but are not limited to. Covesting seems a fast road to ruin. Forex Trading Platforms. The company strongly emphasizes security and user safety, implementing robust security measures to protect user data and funds. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. In fact, there have been times throughout history that a market has gone “limit up” or “limit down” right at the open for several days in a row, trapping traders in extraordinarily negative positions. However, here is a more direct Dogecoin price prediction forecast using technical analysis across the years 2021, 2022, 2023, 2024, 2025 and 2026. Copy trading allows traders to set up and manage a Strategy – a pool of their own assets which is visible to the public and can be Followed by others. The BTC/USD crypto to fiat pair’s high volatility makes it a viable alternative to traditional Forex markets. We’re here to provide support and ensure your peace of mind.

Web3 Evangelist

PrimeXBT does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by PrimeXBT. Get the latest creative news from Bitcoinsensus. However, without prudent risk management, it can also dramatically magnify losses. Experienced traders stick with PrimeXBT because it is a one stop shop solution, offering all the advanced trading tools necessary to maximized returns and minimize risk when trading the platform’s over 50+ trading instruments across forex, commodities, stock indices, and cryptocurrencies like Bitcoin, Ethereum, EOS, Ripple, and Litecoin. 74 in bearish scenarios. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Phase 1 Lucky Draw winners have just been rewarded. Precious metals, including gold, can be traded 23 hours a day, weekdays 22:00 – 21:00. Ripple investing can be a chaotic ride. Sign up with this link and then go to “promo code” and enter “bitcoinsensus50” in the provided space. It is uniquely designed to head on address the scalability issues associated with Bitcoin, Ethereum, and other gen 1 and gen 2 blockchains. Understand how prudently or aggressively they trade. It contains detailed information about your Trading account, including trades, fees, financing, and transfers that affect account’s Balance. “Qty”, stands for the number of contracts that your position is worth at the time of opening it. Ever feel lost trying to figure out the ups and downs of the market. PrimeXBT is no exception. All data is then fact checked by an independent reviewer.