PrimeXBT Review 2024: Complete Exchange Overview

Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC 50%; 35% in a basket of big cap coins and the rest in small projects with huge upside. Any user experience should be simple to use for even novices, but offer enough depth for professionals. If you prioritize a user friendly interface, diverse asset selection, competitive leverage ratios, and a focus on security and education, PrimeXBT presents a compelling option. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Our human support team is here to help 24/7, in your language. 5x leverage means you can control a leveraged position five times larger than your initial investment. Using the PrimeXBT trading platform is easy and intuitive. Here’s a step by step guide to help you execute this process efficiently and securely. Our website uses cookies. It has gained popularity for its crypto margin trading capabilities. Once they register using your link and start trading, you’ll start earning commission based on the fees they pay. Stellar is an open source, decentralized network for storing and moving assets. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. It focuses on KYC procedures, AML standards, and being secure. Hereinafter the “Provider”. ✅Follow the instructions on screen to fund your PrimeXBT account with an e wallet or payment gateway. PrimeXBT offers the following promotional offers. Affiliate partners receive payouts of up to 50% of trading fees paid by their referrals. This means that users can insert a new panel onto any one of their desired workspaces. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Of course it seems that Walletinvestor’s prediction keeps its price prediction banded between $1000 and $2000 price level. However, as bearish sentiments took over in 2018, it closed out 2018 at around $0. Opening a long position means you think the asset’s price will go up.

◾️ What is PrimeXBT?

Slow but steady progression should provide sufficient time for in depth research in the field of security measures, to prevent potential breaches and setbacks. The fees charged vary between exchanges. USDT and USDC TRC 20 tokens require 20 block confirmations which usually takes around 1 minute;. By following these steps, you can quickly set up the PrimeXBT iOS app and begin trading a wide range of assets on your mobile device. Losses can exceed the initial investment. Information regarding past performance is not a reliable indicator of future performance. Shiba Inu offers both potential rewards and inherent risks as an investment asset. This was indeed also our experience. Also, its “turbo” trading option allows you to make short term price predictions. Leverage allows traders to amplify their exposure to the market by borrowing funds from the platform. 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. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Open the downloaded file and tap Install to complete the installation. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. These fees can vary depending on the direction of the trade. PrimeXBT has established a presence in the United Kingdom, catering to the community of traders among British citizens. It is a great diversification hedge. These include fan lines, Fibonacci, retracements, and other trend lines. 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. Be certain to visit the PrimeXBT blog to learn more. All traders who work with cryptocurrency through the PrimeXBT platform actually open an account with Baksta. But does this design translate into an efficient user experience. Withdrawal Crypto only. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. The platform provides deep liquidity by partnering with top liquidity providers, allows you to tailor leverage to your risk tolerance, and lets you hold trades longer without high costs. Performance data should be visible and easily accessible. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Making the language used across its website and platforms as clear and easy to understand as possible shows transparency, while helping build trust with their users. By following these tips, you’ll be well on your way to creating a robust technical analysis strategy for predicting Cardano’s price movements with greater accuracy. You’ve likely heard horror stories about cryptocurrency platform outages.

7 Days To Improving The Way You FAQ About PrimeXBT

Select the CFD Trading or Crypto Futures trading account you want to activate the promo code for. 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. DYdX is best known for its advanced trading features, particularly in the derivatives space. PrimeXBT is an acceptable choice for day traders. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Low Minimum Deposit: With a starting deposit from $1, PrimeXBT PrimeXBT trading platform is accessible to traders of all budget sizes. Experience seamless trading whether you’re at home using our webtrader or on the move with our app. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. When you borrow on margin, there is a bit of interest to pay nightly, so if you hold the position overnight, it is going to cost a small bit of interest that will be calculated automatically. 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.

Information

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. To start spot trading on PrimeXBT, follow these steps. Although regulation in the crypto space appears to be increasing, it is difficult to regulate the actual usage of cryptocurrencies themselves. If you know that you can have three losses in a row and still make an average of 2% a month, it gives you much more in the way of confidence and the ability to stick with what you know works. Find a platform that offers several of these additional income streams. Knowledge to use all the available tools. We use dedicated people and clever technology to safeguard our 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. Content is not intended for US, EU, UK, NZ, ISR, TR or ID residents. Returns or profits may be subject to capital gains tax. This might be a drawback for traders wanting a lot of market options. This sets it apart from other trading platforms. The PrimeXBT cryptocurrency exchange is a one stop shop trading platform that supports trading cryptocurrencies, most major stock indices, commodities, and foreign currencies. Trade Crypto Futures Contracts incl. BingX provides a help section on their homepage for general inquiries and offers support via a contact form for more specific issues. Active users across the world. These services are governed by the legal terms and conditions of PXBT. PrimeXBT Bonus 200$ and 35% Deposit Bonus. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. RELATED: Best Day Trading Platforms.

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Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Its value is set to grow exponentially in 2025, and many believe it’s due to the rise of crypto casinos. If you have a new promo code, this is where you can activate additional bonuses as well. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. One of the cons of PrimeXBT is that it only supports 34 digital currencies.

Desktop Version

The one good thing I can think of that the CFTC has over the ESMA is that they do allow 50x leverage in Forex, whereas in Europe they only allow 30x. 001 BTC, thus the minimum margin required to open such a trade with x200 leverage would be 0. One of the easiest and most convenient ways to invest in financial markets is through copy trading, which doesn’t require extensive knowledge or experience. Shifts in regulatory frameworks, both positive and negative, may impact the adoption and perception of Polkadot, influencing its market value. PrimeXBT offers users several types of bonuses, each designed to improve the trading experience by providing additional advantages. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. However, come 2027, the prices are expected to fall slightly as a part of a market correction. Is the bonus still avaible. Com editorial content. It charges a Maker Fee of 0. To open a demo account on Prime XBT, simply click on the „Demo” tab on the platform’s homepage and provide your email address and password. It’s also very useful to look at the number of active users. Buying cryptocurrency on PrimeXBT is a simple process that can be completed in just a few minutes. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. A trade on the GBP/USD CFD contract has a margin requirement of 0. At the same time, they use margin from the account to buy the other 100 shares, borrowing $6,000 from their broker. 🔺Higher velocity may indicate more usage but could also lead to downward pressure on price if not balanced with demand. The process is designed to be user friendly and secure. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Its broad asset diversity attracts both new and experienced traders. These products are not suitable for all investors. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Yes, many bonuses have an expiration date. Thank you for your kind words and for choosing PrimeXBT. There are articles and videos on different trading topics.

How to Install the APK

Open the downloaded file and tap Install to complete the installation. Io, PrimeXBT still delivers a functional and easy to use interface that will suit most people. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT felt more like a traditional forex exchange. It is particularly user friendly for both simple cryptocurrency spot market purchases as well as for trading activities related to CFDs. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Unlike its larger competitors, PrimeXBT does not offer P2P trading. This short PrimeXBT review examines the platform’s features and potential. Slippage can also impact stop loss or limit orders, causing them to trigger at different prices then intended or occasionally not trigger at all. Plataformas de negociação. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. My pr here is 4 in a row profitable orders. Giottus is a powerful software that simplifies business operations and boosts productivity. Open the downloaded file and tap Install to complete the installation. PrimeXBT is thrilled to announce that our community now exceeds 1 million registered users. That being said, not all trading systems will work out for all traders. PrimeXBT copy trading is a key feature. In simple terms, when you trade on margin, you only need to deposit a fraction of the total trade value as collateral, while the platform provides the rest of the capital. This website is for entertainment purposes only. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account.

Market sentiment

PrimeXBT offers competitive trading fees, charging a low 0. Scores are based on common sense Formulas that we personally use to analyse crypto coins and tokens. There are several bullish several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. 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. Io, offering educational resources and technical indicators tailored for cryptocurrency trading, enhancing the trading strategies on PrimeXBT. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. Learn more in our Cookie Policy. One effective approach is to optimize the number and size of trades. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. The required margin can be as low as 1% for a 100:1 leverage ratio. To get one of these bonuses, all you have to do is activate one of our exclusive promo codes. Users talk about the platform’s leverage of up to 100x. This increases market exposure and the potential for higher returns but also amplifies the potential for losses. These codes are often shared during promotional campaigns and can provide benefits such as deposit bonuses or fee reductions. Crypto Futures 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. Non KYC exchanges offer privacy and anonymity for investors looking to trade crypto, from spot to leveraged markets. In the “Summary Module” at the bottom of the page you’ll find your existing trades if you placed a market trade then your trade should automatically appear here. It’s difficult to say whether Polkadot is better than Solana or vice versa, as both of these networks have enormous potential and feature their unique strengths and weaknesses. 2024 00343, having its registered office address at PKF Corporate Services Ltd. With a margin account, it is wise to deposit more capital than the position size the user intends to take, so in this example, a trader would want to deposit more than $100 to allow for the market to move against the position – at least initially, even though the position itself will only be $100 worth. 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. Reward Promotion Terms and Conditions. When you first sign up and make your first deposit on PrimeXBT, enter the code CRYPTONEWS7000 in the promo section.

US dollar

Stay organised with saved layouts. What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. 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. By rejecting non essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. PrimeXBT clients that choose this program can count on a consistent fee for each new user they refer, growing their revenue stream with each and every new registration. Unlike its larger competitors, PrimeXBT does not offer P2P trading. In short selling, if the market rises, it is the short seller who loses. We’re proud to announce that we’ve been approved as a Member of the Financial Commission, an organisation founded to help resolve disputes between traders and brokers. Paste the address into your personal wallet to send the Crypto. Top traders who operate private trading groups, or share charts on social media or TradingView will also benefit significantly from leveraging their followers and inviting them to take advantage of PrimeXBT’s advanced trading tools. It would be best if you used a stop loss when trading any financial instrument. This streamlined process allows users to quickly engage with the platform’s trading ecosystem. Bitcoin and the wider cryptocurrency market have historically adhered to the “cycle theory,” with a strong connection to Bitcoin’s four year halving cycle.

Worse

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. For those preferring to use fiat currency, PrimeXBT facilitates cash deposits via third party providers like Volet and Perfect Money. 0 upgrade is being implemented to fight network congestion, one of the biggest complaints about Ethereum. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. While using PrimeXBT’s Systems and Services, you pledge to. You can follow the status of your deposits in your Transfer History. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 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. However, it is important to keep in mind the temporary nature of the bonus and any potential limitations when using it. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. If you deposit less than 0. 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. In traditional finance, you must borrow a stock or other asset to sell to another trader. Investing in a crypto index provides long term exposure to the crypto ecosystem with relatively low maintenance costs. 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. No, I cannot trade for you. Your decision should align with your trading approach, need for variety, importance of regulatory status, and fee sensitivity. 99% fee, not PrimeXBT. When trading futures, PrimeXBT clients enjoy leverage, which goes as high as 200x on Bitcoin and Ethereum and up to 100x on altcoins. 67% of retail investor accounts lose money when trading CFDs. Leverage creates additional risk and loss exposure. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees.