PrimeXBT Review 2024

Step 4: Click ‘Submit to withdraw’. This type of investing can be profitable over the longer term, but one must be willing to sit through extreme volatility. Related Content: 30 Best Crypto Venture Capital Investment Funds for 2024. As newbie in crypto trading Binance helped me in learning crypto trading. When trading on leverage, traders can potentially enhance their returns by a certain factor. Upon registering, users automatically receive a BTC margin account. To view or add a comment, sign in. Yes, traders from South Africa are allowed to sign up for a PrimeXBT trading account. The final verdict may not be made until August 2024. You can easily set your trading size from the New Order pane that always pops up when you want to take a trade. However, unlike most exchanges, PrimeXBT’s model focuses more on providing professional traders with advanced functionality than retail investors. Bybit has also done an impressive job expanding its offerings, now contending with the likes of Binance and OKX thanks to their solid reputation, long standing track record, and respect within the crypto community. I was out of my margin.

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This guide provides a comprehensive analysis of Stellar Lumens’ technical and fundamental aspects, as well as expert price predictions, to help readers gauge the projected growth of XLM. Trading on margin is extremely popular among retail traders as it allows for a significant market exposure with a relatively small trading account. You can adjust this by clicking on the box where it is listed and typing in the new pair you will notice autofill suggestions or by clicking on the pair to the left in the crypto listing section. However, it also levies 0. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. PrimeXBT Contests provide an exciting opportunity for traders to participate in risk free trading competitions using virtual funds. PrimeXBT exchange has remained very competitive in its fee structure, providing users with one of the lowest fees in the Bitcoin trading industry. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits. In order to manage that risk, it is wise to stop following strategies and secure profits regularly. We also provide the following security measures. What is double topUandU chart pattern. To learn all about the benefits of going long or going short, please read our detailed guide on profiting from falling versus rising markets by going short and going long. Once you’re happy with your margin parameters you can close the “Margin Edit” module and finalize your trade in the Place Order module. Scalability: as demand for oracle services grows, scalability becomes vital. It’s an excellent opportunity for traders to benefit from their trading network and share the advantages of PrimeXBT with others. The trader closes the position and then returns the borrowed $6000 to the broker, as well as any minor financing fees. While margin accounts have a potential for higher returns than a typical cash account, they do come with a substantial downside risk due to the leverage involved. Prime XBT is a derivative exchange with a wide range of trading instruments. I encountered unexpected fee changes, particularly in overnight positions, which significantly eroded my account. In the Cryptocurrency Service category. No, Aave will not replace or overtake BTC. 05% for Cryptocurrencies. However, we should note that some Reddit users have found that the leverage model offered by PrimeXBT was a factor in them losing their investment. At the moment, an API interface is not available.

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Contract Specification

Add your favorite items to your shopping cart, view cart when you are ready to finish the purchase, and then you will find the promo code box to fill the code. It can be even more lucrative when trading BTC for altcoins and not just BTC to fiat pairs. Works like a limit order but instead of opening trade the conditional order automatically closes a trade when price triggers it. Trade Bitcoin, Ether, Litecoin, DogeCoin, XRP crypto futures with up to 100x leverage along with top global stock market indices, commodities and forex with PrimeXBT bot up to 1000x leverage. Contract is Contract. But for now, let’s crack into PrimeXBT vs Bybit and determine which one is best for crypto trading. Our website uses cookies. Claim up to $7,000 in Bonus. The Cardano ecosystem is home to hundreds of blockchain projects, spanning decentralized exchanges DEXs, wallets, DeFi protocols, NFT marketplaces, token launchpads, games, and several other categories. Sign up with this link and then go to “promo code” and enter “bitcoinsensus50” in the provided space. Because this is a short position, you deduct the closing price $7,354 from the opening price $7,400 of your position to calculate profit, before multiplying by its size of 10. While 2021 was a bullish year for crypto markets, 2022 came with a strong bearish trend. Just remember that you cannot make a withdrawal from PrimeXBT back to your standard bank account. To learn more about the differences between cross margin versus isolate margin, click here. Withdrawing from a PrimeXBT account is a straightforward process. How long can I keep a position open. Labeled Verified, they’re about genuine experiences. It comes with an array of the best tools, indicators and features a trader can ever need to carry out extensive analysis and place trades.

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Multi sig authorisation for any movement of funds is a must for both platforms, thereby preventing the “one bad apple” scenario that allows compromisation to occur. Imagine a world where blockchain transactions happen instantly and without breaking the bank. You can also use leverage to get exposure to a much larger position than with a standard trade for both long and short, if you are confident about the direction of the market. Arbitrage can also be done through cryptocurrency pairs, where a trader can make a profit by taking advantage of the price difference between the matched cryptocurrencies. Market type orders are executed instantly once placed at the first available market Fill price. On the other hand, PrimeXBT’s crypto focused platform means direct crypto transactions without mandatory conversion processes, which can be faster. 📍 Some of the criteria include, but are not limited to. The most notable of these excluded countries is the US. You can almost think of a cash account as a debit card versus a credit card. Users will spend the most time in the Trade tab, which lets traders access all of PrimeXBT’s trading instruments across forex, commodities, stock indices, and cryptocurrencies. PrimeXBT has most of the standard order types as well as some protection orders. Websites that provide price analytics will display the total traded volumes within the past 24 hours, allowing you to assess the popularity of the coin in the market. Sangat sedikit platform yang mampu mencapai keseimbangan halus yang diperlukan antara aksesibilitas dan kemampuan yang menarik bagi para profesional dan pemula. For instance, if you want a BTC futures contract using isolated margin, then it is capped at x100. Maker — a fee that a trader pays or a rebate that he will receive when he places a limit order that was executed on the market. In terms of community, both platforms demonstrate active social media engagement. The average order execution speed is 7. 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. What this boils down to is traders sticking to a specific type of strategy template to provide strict results for users. Gox and was a co founder of another altcoin, Ripple. Check the analysis report on Top rated Crypto Wallets that are safest for your funds. Common Bitso and PrimeXBT Alternatives. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. We particularly liked how user friendly it was, which will appeal to beginners. 05% commission on all cryptocurrencies offered by PrimeXBT is a perfect condition for trading. PrimeXBT currently offers a $200 welcome bonus on your first deposit on the trading platform. The PrimeXBT trading interface is web based, simplistic and very user friendly. Similar to social trading platforms like eToro , profitable traders can also benefit from the social trading module by earning a passive income from their followers’ trading fees. Org An Independent Educational Initiative of Bringing Web3 Knowledge to The Masses.

✓ Pros

Once the price dips, buy Bitcoin and then reimburse the exchange. Being able to trade assets with crypto widens how useful your crypto is. Prioritise consistent returns. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. Referral Program: PrimeXBT offers a lucrative referral program. Kim Chua actively follows both traditional and cryptocurrency markets closely and is eager to find future investment and trading opportunities as the two vastly different asset classes begin to converge. This action will bring up the order modification pop up. At the time of writing, customers can only withdraw cryptocurrencies; there is no fiat off ramp available for fiat to bank withdrawals. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 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. You will receive $19. Plus the fact that PrimeXBT has over a dozen integrated liquidity providers should ensure that you can execute safe and profitable trades here. KuCoin or Kraken, there are other very well known industry leaders that are located all over the world.


Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 28 cryptocurrencies. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. If Web 3 can put Google, Twitter, and Facebook out of business or re do how we do e commerce, I wanna see it first. PrimeXBT awards prizes for virtual trading contests. This means that on Bybit, you’ll actually get paid for using limit orders as a market maker. The minimum order size for Bitcoin is 0. That being said, at PrimeXBT we offer much more generous terms in our margin accounts, as leverage can be much larger in the CFD markets. You’ll have simple ways to focus on the crypto trading options among the forex and commodities markets. Moreover, blockchain technology is still fairly new and is susceptible to hacking attacks. 2️⃣ Select the network and your withdrawal address or add a new address. For Advcash and Perfect Money withdrawals from the platform the withdrawal fee is 5 USD. For Bitcoin withdrawal, you’ll have to pay a 0. First you should gauge their reliability.

$50 Free Trading Credit Bonus – Prime Quotes

Using a crypto exchange is recommended when you want to buy a cryptocurrency that you want to hold while speculating price gains. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. Litecoin has many similar attributes to Bitcoin and is one of the oldest Cryptocurrencies in the upper echelon of market capitalization. Both long and short leveraged trading are ideal strategies for expert traders. Once this offer has been claimed, a Reward will be activated on your Trading account. It is important to read and understand the terms and conditions before accepting the bonus. It is important to remember that Stop Loss/Stop Buy orders are triggered when top of the book ASK quotes reach the price specified in your Stop Loss/Stop Buy order. 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. All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. Try to access any platform directly by URL and not through search engines or through other website’s links. Of course, this also works on the way down as losses are also magnified. With PrimeXBT Turbo, you’re speculating on how an asset’s price will change over a very short period, which could be as brief as 30 seconds or up to 15 minutes. It seemed slightly outdated in my opinion from a design and navigational standpoint. Although it has been a significant commodity in the past,. With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom near the support. In that sense, neither will want to be caught with high fees as that is a sure sign to drive business to the other competitors. Data whispers, features shout, but it’s the soul of a platform that truly resonates with a trader. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. This improved risk appetite and is applying selling pressure on Silver. ” In the ensuing “New Order” dialog, select “Sell.

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LitecoinEthereumRippleBitcoin Cash. If you have experience trading with PrimeXBT please share your personal review of the broker and what you think are strong and weak points. Margin trading in the world of cryptocurrencies enables traders to control a large amount of digital assets using a small deposit. Prime Technology Ltd is PrimeXBT’s Technology Provider. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click. 5 for PrimeXBT and 3. It is a wide ranging company that aims to welcome traders from all walks of life, who may all have different goals in mind. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Spreadex is an FCA regulated broker that offers spread betting opportunities on an impressive 10,000+ CFD instruments including 60 forex pairs. Cryptocurrency derivatives are being traded since 2018. Users can deposit, withdraw, exchange, and transfer Crypto. For example, if you’re a high volume trader, then you will likely favor a platform that offers a tiered fee system, whereby you pay less the more you trade. There is a social trading section of PrimeXBT’s platform, allowing traders to compete with other traders for places on its leader board. Whales can act as market makers where they create liquidity in both the buying and selling sides while creating profits. Enjoy enhanced convenience, speed, and security.

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The great news is that it’s fast and easy to open a free account at PrimeXBT. Our experts also factor in their hands on testing experience into broker ratings. Supported CFD Commodities include Aluminium, Brent, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, and Zinc. It’s important to note that regulatory requirements and restrictions can change over time, so you should check PrimeXBT’s official website or contact their customer support for the most up to date information on supported and restricted regions. If you agree to all the terms, press “Confirm”. However, some argue that the damage has already been done to XRP. FTX Hacker Converts 50k Stolen ETH to BTC. So, it’s a “temporary” bonus, lol. A demo account is also called a practice account. A Trading day is a 24 hour period which begins at 00:00 UTC and ends at 23:59:59 UTC. Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide.


Overall, PrimeXBT does not offer a sign up bonus for first time sign ups or beginner traders, but a deposit bonus of 7% is offered. Its specific security measures include. All prizes are in the form of trading bonuses, which traders can use as margin to open positions in actual margin accounts. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. I want to be a members member. However, most of that amount was traced back to certain accounts, and shortly after retrieved as well, leaving the hackers with a “mere sum” of 200,000 bitcoin which are now confirmed as stolen. If the pair is trading at 131. Twitter: aylerTBMLinkedin. Our website uses cookies. All published texts are liable to contain errors or omissions. Traders can open positions on the USD, the British Pound, the Yen, the Euro, and so forth. While margin trading, copy trading, and the more than 100 different trading instruments under one roof are primary competitive advantages for PrimeXBT, the list of features is barely getting started. Receive the latest news and stay informed. With leverage, PrimeXBT provides the remaining funds required to execute your trade. We have the fee breakdown for a selection of assets in the table below. For those of you who are going to be away from your desk, you will be happy to know that PrimeXBT also has a couple of mobile apps, PrimeXBT and PrimeXBT Futures Pro for more advanced trading. PrimeXBT does not charge any deposit fees. At present, the exchange serves clients in over 150 countries, providing sufficient liquidity and a variety of trading instruments. Best customer service ever. To activate your 25% deposit bonus. Best for copy trading.

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ECN Forex BrokersSTP Forex BrokersNDD Forex BrokersStock BrokersCrypto BrokersCFD BrokersETF BrokersBinary Options BrokersBest Oil BrokersBest Gold BrokersBest Commodity Brokers. PrimeXBT offers leverage of up to 1:200 for specific trading pairs, which means traders can control a position size up to 200 times their invested capital. Simply register on the platform. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. Thanks for your feedback, PrimeXBT appreciates your opinion. 25 level, because it not only will have psychological importance, but it’s also the scene of previous support and resistance. Copy trading sounds fantastic – you automatically replicate the trades of professional traders without much work and get to enjoy the trading results. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. The exchange is unregulated and works with cryptocurrencies only. Claim up to $7,000 in Bonus. The destination option allows you to make a deposit directly to your Global Markets currency trading account. The withdrawal fees are flat and depend on the asset users choose to retrieve. From intuitive interfaces to advanced trading options, PrimeXBT consistently pushes the boundaries of what’s possible in the crypto trading world.

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You can continue trading with the negative balance as long as it does not exceed the Bonus amount and the Trading account Equity remains positive;. Com All about Forex trading. The average trading price should be near $80,000. However, according to the platform’s KYC page. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. Trading commodity futures allows traders to enter an agreement through a regulated exchange. The fundamentals of the Shiba Inu ecosystem were set out in the original ‘Woof paper’, a playful alternative name for the well known ‘White paper’, by a group of anonymous individuals collectively know as Ryoshi, and posted publicly on the Shiba Inu’s official website ShibaToken. Here you will find detailed information and trading conditions for the selected instrument. However, it is important to consider that the success of copy trading on PrimexBT relies on the performance of the following traders. Typically, concerns about the interest you pay on a margin loan are something that people worry about over the time span of months, not minutes, hours, or even days. Please ensure you send the right Coin to the right wallet address to avoid delays or loss of funds. We will share the secrets to identifying successful traders, including their track record, risk management strategies, and overall performance. It allows you to trade Forex currency pairs, commodities, and stock indices around the globe. Some of the most commonly followed ones are the following.

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How long can I keep a position open. This is really a company that is revolving in the world of digital currencies. Bonus is added to the account’s Equity and thus can be used as additional collateral to open positions;. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. PrimeXBT trading devices. Email login notifications can be disabled from your account Settings menu. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. If you use 100x leverage, which is the highest leverage possible on PrimeXBT, it only takes a 1% drop in the Bitcoin price for us to reach the liquidation price. On PrimeXBT traders can deposit multiple cryptocurrencies to their corresponding account Wallets. Best regards,The PrimeXBT Team. Covesting is a unique way to make passive profit for anyone who doesn’t know how to trade themselves. Compared with its competitors, PrimeXBT is relatively cheap. Testing strategies risk free on the demo is a great way for newer traders to familiarize themselves with the tools and order types. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. PrimeXBT is not currently available in the U. To view or add a comment, sign in. Your order will remain inactive and stay in the order book until the price gets to it. Upon registering, users automatically receive a BTC margin account. This code can be used to restore 2FA time codes for your account. Once a withdrawal has been requested, users will have to wait for the PrimeXBT team to process it as withdrawals are manually processed. This is better than the other futures exchanges such as BitMEX for example. Also, we highly recommend enabling 2FA 2 factor authentication and login notifications. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar.


As a quick reminder, cross margin means all assets in a user’s account are used as collateral for their open positions, and isolated margin means only a specific amount of collateral is allocated for a particular position. Resend’ option allows you to request a new PIN code after a 1 minute interval, if you have not received one. Different order types, such as market orders, limit orders, and stop loss orders, provide traders with flexibility in executing trades and managing risk. Hence, loans along with the due interest are returned. In this PrimeXBT Crypto Futures review, I will examine what it has to offer, what it flourishes at, as well as its limitations, in an attempt to explain whether it is a useful and worthwhile toolkit for people who are interested in futures activities. Futures and Options are very similar. By introducing new clients to PrimeXBT, you become a full scale partner eligible to earn a revenue share portion of the trading fees from any referred users. It boasts a $545,000,000 daily trading volume that involves 80+ trading assets. Some major commodities include.

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Both Americans and Europeans can use either type of Bitcoin futures contract. PrimeXBT an online broker that offers a powerful and appealing investment platform. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. So join us in our PrimeXBT review to see why this site is well worth a look if you’re into crypto trading. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. It will display the prices for buying and selling as well as the low and high for the pair. Alternatively you can complete this step directly in the ‘Account’ section of the ‘Margin’ page. The range of cryptos you can trade is impressive. Now, it is time to move onto the bells and whistles of a platform, including things like referral programs and affiliate marketing programs. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. 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. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. Read our PrimeXBT review to see whether this is a legit crypto leverage trading site. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. October 17, 2023 10:38 UTC. Any Followings that are started while Premium or Elite COV membership is active will not be charged an entry fee. Otherwise – you may get a margin call relatively quickly if the position will go against you.