PrimeXBT Review – Are They Safe or a Scam?

If you want to copy someone else’s trades. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. BNBUSD is trading inside a Channel Down since September 2019 currently testing both the Lower High line as well as the MA200 on the 1D chart. PrimeXBT Leverage is one of many features that advanced, experienced traders look for because most platforms offer very limited leverage when trading crypto. While KYC verification isn’t required upon registration, you’ll need to confirm your identity later for certain trades. Funding Your PrimeXBT Account. Day Trading is an incredibly sentimental activity and it plays on personal greed and fear. 👉 Includes: Hardware, Internet, Protocols. This minimized my losses and still only cost 0. 01 change in price using highly leveraged markets, they would only need part of that $100,000, for example, $5,000.

◾️What is slippage?

Bitcoin options work very similar to traditional options, but instead speculate on the future market price of Bitcoin instead of other assets. It has a top rated mobile app and a customizable web interface for all traders. Lets see how it goes. It is worth bearing in mind that during the process of making a financial transaction, you will be automatically redirected to the PrimeXBT partner company page. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Due to Australia Day market hours will change temporarily for 25 and 26 January 2024. Users can open accounts, deposit crypto, and start trading with just an email address. Experience hassle free deposit and withdrawal options with PrimeXBT. Benefits and Risks of Margin Trading. Get the PrimeXBT Massive 35% Bonus. Some exchanges require private information or KYC documents to verify identity. Embark on a collaborative trading journey with PrimeXBT copy trading feature. Go to Settings > Security and enable Install from Unknown Sources if prompted. PrimeXBT is known for offering highly competitive fees, with its maker and taker fees for crypto futures contracts coming in at just 0. Some bonuses, like the Welcome Bonus, are exclusive to new users. Understanding overnight financing fees and their impact on your trades is crucial for managing long term positions effectively. You need to come up with a name for the strategy and a description for it so that it is clear exactly how you trade. After all, it is one of the top 10 Cryptocurrencies in the world when ranked by market cap. This behavior isn’t the best strategy for profits and can result in investors holding through bear markets. Receive the latest news and stay informed. 2 of PrimeXBT’s Terms and Conditions. You can also short a market with leverage if you wish. PrimeXBT offers various withdrawal methods, including. Spot Bitcoin ETFs experienced net Operaciones de trading en la web de PrimeXBT outflows of $52. And, we all know that even a small amount of Bitcoin can also become huge in the coming time. However, if we predicted the market’s movement correctly, Ethereum leverage trading can produce results that wouldn’t be achievable if we simply went with a non leveraged trade.

◾️What is the withdrawal fee?

Regardless, it is an option that you have on our platform at PrimeXBT. These factors make PrimeXBT an attractive option from a cost benefit perspective. Throughout my testing, the app performed smoothly without any bugs or glitches. PrimeXBT is an entirely crypto network. 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. The prices of commodities BRENT, CRUDE, and NAT. Two Factor Authentication 2FA: Adds an extra layer of security for account access and transactions. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. CFD Stock indices, commodities and forex trading has no fees, only overnight swap fees. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. These products are not suitable for all investors. He argues that Bitcoin’s scarcity will play a crucial role in its price appreciation, as more investors – retail and institutional – realize its value as a digital store of wealth. Proper trading analysis with charting tools can be the difference to being uninformed or trading empowered by data. We make sure that our reviews are up to date, research oriented, and not at all influenced by financial relationships so that those interested in the burgeoning, exciting, and complex space of cryptocurrency can have the best experience. PrimeXBT also offers big rewards, like a $200 bonus for a $1,000 deposit, a $100 welcome bonus for $500, and a $1,000 reward for over $5,000 deposits. 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. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Blockchain technology has greatly evolved from what it was when Bitcoin was created. So far, I have no complaints about my experience with Prime XBT. You can buy a contract that predicts that the price of an asset will go up or down. Some reasons for this can be. Deposit $300+ and start trading within 48 hours after registering. Perpetual swaps, for instance, do not have an expiry, allowing traders to hold onto positions. Ready to explore the future of trading. We wanted to take the time to explain how PrimeXBT relies on entirely different security solutions to keep users’ funds safe and secure.

Trade anywhere, any timeTrade anywhere, any time

Get access to a wide range of trading, investing, and Crypto services from a single app. Refer clients and enjoy lifetime commissions. The file is verified secure by PrimeXBT. Because it works on a multiplier, it is essentially trading with a multiple of the capital you have, or are willing to put up, which means profits are multiplied by the leverage. For carrying a position overnight. Dear UlisesThank you for sharing your experience. You’ll then receive a confirmation code in your email inbox. For example, PrimeXBT is an multiple award winning trading platform that lets users buy Bitcoin easily right from the dashboard using a third party payment widget. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. This innovative approach enables beginners and those with limited time to leverage the expertise of साइन अप करें seasoned traders, enhancing their own trading strategies and potentially increasing their investment returns. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Our website uses cookies. Plus, with Zengo’s fiat onramp functionality, investing in new cryptocurrencies using traditional fiat currencies, like Euros, Dollars, and Pounds Sterling, couldn’t be easier.

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Some offer both options, where cross margin uses the entire account balance to manage losses, while isolated margin risks only the margin of the particular position. Lucia, while Prime Technology Ltd, which is the technical provider for the PrimeXBT platform, is registered in Seychelles. Yet to get my own money. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features. Try their Twitter or Telegram where the latter can be reached from the Telegram Bot. Becoming successful takes plenty of time and practice, and often new traders end up losing money before they learn enough from their mistakes to correct them and later become successful. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Products and services are offered by PrimeXBT Trading Services Ltd, incorporated and existing under the laws of Saint Lucia, with Registration No. Additionally, you cannot set stop losses and take profits directly from the order form. Receive the latest news and stay informed. We may earn a commission when you make a purchase through one of our links. As a result, clients can trade cryptos, traditional CFDs, as well as accessing the firm’s copy trading service and trading contests from one slick interface. But, it might be too complex for beginners, unlike BingX, which is easy to use for new users. It also remains the best broker for leveraged cryptocurrency trading, offering clients 1:100 with negative balance protection. 🌍 PrimeXBT restricts services to specific countries, ensuring compliance with IP checks and residency confirmation during registration.

Is PrimeXBT Right for You?

Elliot Wave II, achieving a 100% win ratio across 22 orders, presents a balanced approach with a monthly profit of 27. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. My experience with PrimeXBT’s customer support was mixed. Check out the fees section to confirm the exact fees on the day. NASDAQ trading is when a trader implements technical and fundamental analysis to determine the best price levels at which they. However, I see most PrimeXBT reviews here mentioning forex, and im not as well versed in that, and dont trade it here, but the spread there seems to be higher, its not in hundredth of a percentages anymore. New projects are popping up nearly each and. For instance, funding fees for BTC on Binance and Bybit were both 0.

Mirror Trading for Pro Traders

Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. $20,000 or equivalent for unverified users. Mirror trading is often lumped together with copycat trading, and social trading — while these are all quite similar in essence, there are distinct differences. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. I closes the position and take the profit. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdictions in which You may be liable to pay tax. Cardano’s rise to $1 could be influenced by its correlation to Bitcoin ahead of the April halving event. 99% fee, not PrimeXBT. To activate this bonus, you typically need to enter a promo code provided as part of a promotion or special offer. Finance and Insurance. PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. Advcash account email address used to make a deposit will be preselected automatically. The Covesting module on PrimeXBT tracks all strategy metrics in a public rating system, such as ROI, daily profit, equity, and total followers. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT clients can trade in cryptocurrencies 24/7, as the markets do not close, although it should be noted that overnight swaps will still be charged for positions held open past 23:59 UTC. This is quicker and allows you to take many of the complexities of Crypto trading from the process. Jupiter Exchange Token JUP. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. I just opened trading account on this platform and still learning its functions🧐I noticed that I have several trading modes account types available to meI chose crypto trading. To calculate the profit or loss earned from a long/short trade, you multiply the size of your position by the difference in points between the price when you opened it and when you closed it. It takes just a few minutes to get started. Users of PrimeXBT can fund accounts through direct crypto deposits BTC, ETH, USDT, USDC, and COV, direct cash deposits using Perfect Money or AdvCash, note that this requires completing account verification, or by buying crypto through the connected 3rd party BAKSTA.

Let’s Get Started

And while most exchanges and brokers are similar in this regard, each one has its unique quirks and costs. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. Traders can add widgets, panels, charges, messages, and more to their dashboards. They include Google Authenticator 2FA for extra security, offline cold wallets, and manual checks on transactions. Dogecoin, developed back in 2013 by Billy Markus and Jackson Palmer, arose as a meme coin featuring the Shiba Inu dog from an internet joke, gradually earned interest across the Cryptocurrency community as a sustainable asset, with a massive market cap of over $9 billion today. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Open the downloaded file and tap Install to complete the installation. Finance even more appealing is the fact there is a max supply of just 30,000 tokens, making the asset even more scarce than Bitcoin itself. My experience with PrimeXBT’s customer support was mixed. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income.

Risk warning

The bonus funds are available for two weeks after activation, and can be used as additional collateral to open positions. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Most of DeFi and other altcoins are built on Ethereum, making it in incredible demand as ETH gas fees soar. These allow traders to speculate on the price of that crypto asset without having to own that underlying asset—helpful for traders who don’t want to have to deal with securely storing digital assets. So, is PrimeXBT the exchange for you. When it comes to KYC, ProBit has two levels. Get dialed in every Tuesday and Friday with quick updates on the world of crypto. Returns or profits may be subject to capital gains tax. Just click on “Open new account” and pick the cryptocurrency of your choice. 786 Fibonacci retracement level. With this also comes high cybersecurity standards that are regularly tested and audited to protect client’s capital. There is also a demo account. HIRN Signals crypto trading signals work with multiple crypto exchanges and offers an impressive selection of services, including a free telegram group that shares signals. These include the United States of America, Japan, St. Review your receipt or check primexbt. Even if they don’t find out about it this year, they’ll find out in the very near future.

How to Activate the Percentage Based Tradable Bonus?

Before you begin trading Cryptocurrency, you should first select which Cryptocurrency you would like to trade. PrimeXBT offers an award winning crypto futures platform that supports copy trading. PrimeXBT actually lets you buy cryptocurrencies outright. It is currently trading. NOTE: Before opening a position keep in mind that the leverage design here is different. Also, there are no fees for depositing cryptocurrencies. Several benefits come from using an online broker to trade Litecoin. Prime XBT Trading Services, S. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. While for a long time it seemed like DOGE was struggling to stay above $0. With low fees, high leverage options, advanced trading tools, and excellent customer support, it’s no wonder that traders worldwide choose PrimeXBT as their preferred trading platform. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. CoinEx is a no KYC exchange that serves users globally including in Europe, North America, and Australasia. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. Looking for the right SaaS. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. 📊💼 Diversify and optimize your investments with PrimeXBT. Rewards: Account holders can earn rewards via the Rewards Center. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.

About us

It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. If the app is unavailable in your region, you can still access it through direct download from our site. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. The file is verified secure by PrimeXBT. It was a fantastic experience. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Tim Draper, a well known Venture Capitalist, remains optimistic that Bitcoin could reach $250,000 by 2025, pointing to the growing adoption of Bitcoin by both retailers and consumers. Profit from the markets by following the experts. Try their Twitter or Telegram where the latter can be reached from the Telegram Bot. By using our platform, you have the ability to go long or short, and with leverage to maximize potential opportunities. Spread costs are a significant component of forex trading fees. Das Redaktionsteam bei PrimeXBT besteht aus führenden Spezialisten im Bereich Trading und digitaler Finanzen, die sich der Bereitstellung von Bildungsinhalten widmen, welche die Nutzer durch die Komplexitäten des Online Handels und der Investition leiten. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. To maximize your trading experience on PrimeXBT, leverage advanced trading features, manage risk effectively, stay informed about market trends, use technical analysis tools, and continuously educate yourself about trading strategies and market dynamics. Margin trading is a great tool if you have a profitable trading system. The Prime XBT Bonus is a 50% deposit bonus which you can activate with the TOPTRADING bonus code after you register at. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Once familiar with the interface, you can place your first trade. 32 to send USDT over the BEP20 network. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Even a small price movement that goes against your favor can completely wipe out your account if you overtrade.

Select a Country

Your trades will also be set to a cross margin type. However, despite the platform’s high availability, concerns about its security linger. Therefore, we wanted to share the following bulletin with the community to protect you from criminals and other bad actors. Still finding PrimeXBT too complicated. Traders should also consider their risk tolerance and trading goals when developing their risk management plans. A Market order is an order to be executed immediately at first available market price. Note, the program is exclusive to PrimeXBT accounts. 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. As we look further into the future, things become much harder to predict. With the recent concerns around the world for global stability and the possibility of contagion when it comes to debt markets, that also can push a lot of money into safety assets such as Gold. PrimeXBT offers CFD trading on major, minor, and exotic currency pairs. Investing is speculative.

Worse

For example, all of the best exchanges should possess top tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. When you log in to the platform, you will see a Bitcoin address that has been assigned to your account as a deposit address. Its ability to distinguish itself through technological excellence and real world use cases will be crucial. Clients are responsible for understanding the applicable Fees and their calculation. It supports five wallets within the exchange BTC, ETH, USDT, USDC, and COV. Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. To activate this bonus, you usually need to enter a promo code or take advantage of a promotional campaign. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. The interface avoids unnecessary clutter, emphasizing speed and a focused trading experience. 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. Buying, selling Spot Trading BitcoinBTC. 2 months ago 102 views. Registering an account to start trading on PrimeXBT takes just a few minutes. Robinson works closely with the NEP’s Group CEO as well as the business managers of each business line to ensure the effective execution of the stated strategy for each company and the group on a whole. These help users learn and solve problems. 01%, while on PrimeXBT, they were consistently over 0. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs.

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Withdrawing funds from PrimeXBT is also easy and straightforward. You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date. Thus, the minimum margin needed to open this trade with leverage x200 will be 0. Users don’t need to enable 2FA on their phone although it is highly encouraged. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Well I’ve switched to C. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. Currently, this is the only offer that allows you to gain a bonus on PrimeXBT. But the transparency of this process raises questions. However, the funds must be so large that they cover the margin requirements for trades. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. When the exchange measures its slippage, you can see that 94% of users orders were met at Quote or better Source: Blockgeeks. $20,000 or equivalent for unverified users. The Covesting module highlights top traders and their returns, allowing users to invest and create funds rated by capital and ROI. These are professionally done and well presented.