Comparing PrimeXBT to Other Platforms

Gold is an established and mature market for investable assets. Trading Fees: The platform charges a flat trading fee of 0. 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. This is active and manned 24/7. There are many trading strategies to choose from for trading Bitcoin. These include of derivatives that are novel, decentralized lending and borrowing, and liquidity mining. Crypto Futures: Users can trade perpetual contracts via the Crypto Futures platform. Oftentimes, an asset will break down or up, but volume doesn’t follow, suggesting buyers or sellers are hesitant and uncomfortable with taking an actionable position. Of course, I also check this info to understand whether it’s high time to exit the deal or not. Trade Forex, indices, commodities, and cryptos with ease, no matter which way the market moves. PrimeXBT copy trading is a feature that allows investors to automatically replicate the trades of experienced traders. So users make more profits and avoid losses. Brand operating since. PrimeXBT must navigate these regulatory frameworks to ensure compliance and provide secure trading services. This means you can go long and short on several crypto assets. Information regarding past performance is not a reliable indicator of future performance. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it. The blog is updated frequently, offering both novice and seasoned traders useful information. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. A correlation that has emerged as of late is between Crypto and Stocks, since both are considered assets that are invested in when the economy is in a growth cycle. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. We are delighted to hear that your experience with us has been uplifting and that you appreciate the trading terms, especially the leverage options for cryptocurrencies. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4.

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The platform offers a multitude of advanced features, competitive fees, and robust security measures. Chainlink, a decentralized oracle network established in 2017, that serves as a transformative bridge between blockchains and external systems. Leverage trading in Crypto allows you to control a larger investment position in the market by borrowing funds from a broker, essentially magnifying your buying power. Due to this popularity, its price changes frequently, often having a greater impact on the wider Crypto market. We’re here to support your trading journey and ensure you have all the resources you need for a successful trading experience. Virgin Islands, Northern Mariana Islands. Crypto trading is like a relationship. The difference in fees reflects the platform’s aim to maintain a liquid and efficient trading environment. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Leverage:BYDFi offers up to 200x leverage for derivatives trading, ideal for traders looking to boost their positions with minimal capital. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. The complex interface is unsuitable for inexperienced traders. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos.

PrimeXBT: How to Trade Bitcoin in Any Market Conditions

PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. But, it might be too complex for beginners, unlike BingX, which is easy to use for new users. They only have two types of fees, and these are the trade fee and the overnight fee. The coin Deposit Prime XBT dropped to a low of $0. The probability of an upward breakout is high because the trend on the higher timeframes is upward. These services are governed by the legal terms and conditions of PXBT. The platform provides a variety of free deposit options for both crypto and fiat. PrimeXBT users can get up to two gifts: Earn up to an additional $850 in deposit bonus, and enjoy discounted trading commissions during PrimeXmas. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage.

Supported Countries and Regions

Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Then, to cover the total margin required to settle all open positions, all open positions will be liquidated. Experienced traders can also profit by allowing others to copy their trades. Pro Tip ✔️: Use a block explorer to monitor the confirmations. Newsletters frequently provide early access to promotions and special bonuses that may not be available to the general public. PrimeXBT Offer: Get a 35% additional bonus on the deposit of any amount of BTC on PrimeXBT. 8% of the total supply. Occasionally, PrimeXBT users may face an issue where, despite a successful deposit transaction, the funds do not appear in their account. MetaTrader 4 MT4 on PrimeXBT is an advanced trading platform that provides traders with a range of tools and features, including advanced charting, automated trading, and a user friendly interface. This rate can bring publishers large affiliate revenue. Dear Alexander,Thank you for your thoughtful feedback on PrimeXBT. 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. Analysing this metric in this Binance vs Prime XBT comparison, it’s clear that Prime XBT has the lowest trading fee percentage of Up to 0. Last updated 3 months ago. Active users across the world. You can conveniently sort them according to their total profit. 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. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. I have to admit that I am not an expert at analysing these things. This means affiliates will receive 50% of their qualified referral’s profit generated on this platform. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. Our goal is to provide a supportive trading environment and access to experienced traders who can help navigate through market volatilities. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Market orders are orders to place a trade immediately for an asset at whatever the given market price is at that moment. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. There’s no one size fits all answer for the best leverage ratio in Cryptocurrency. Reddit and its partners use cookies and similar technologies to provide you with a better experience. This can be especially painful when trading on margin, as every price movement gets amplified by the leverage. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at.

EToro vs Prime XBT In depth Feature Breakdown Comparison

Save Money With The Leading BitSeven Alternatives. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Understanding these fees is essential for effective cost management in forex trading. If you ever need assistance or more information, feel free to contact us at. PrimeXBT has a lack of transparency regarding fees that can eat into profits. This includes stocks, currencies, indices, and commodities. At PrimeXBT, we strive to provide the best tools to enhance your trading experience. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457.

PrimeXBT Restricted Countries

Cardano uses a powerful proof of stake consensus algorithm called Ouroboros to secure the blockchain. Here is a look at the different membership plans available with COV staking. This represents a 20% profit. 🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. Understanding how margin works is crucial. 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. Understanding the fees associated with these payments is crucial for efficient trading. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. The minimum deposit varies by asset, from $1 for Forex CFDs to $5 for commodities, making it accessible to traders with different budgets. In PrimeXBT, you can choose a trader and subscribe to his trades to earn without effort, or you can open your own trades for copying and thus also receive additional profit. It takes just a few minutes to get started. As crypto rose, Solana. Similar to SOL, DOT’s price experienced a correction and has since held steady at around $30 40 as of March 2023. Shiba inu is a Japanese dog breed. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. We are delighted to hear that your experience with us has been uplifting and that you appreciate the trading terms, especially the leverage options for cryptocurrencies. Our testing revealed that the platform is optimized for performance and efficiency, as seen by the remarkable simplicity of browsing multiple markets and the fluidity in completing trades. I opened this long position with a tight stop loss. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. In crypto, KYC is enforced by most centralized exchanges before users can deposit large amounts or withdraw funds. Users must prove their identity with another device. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 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. But, they don’t have live chat support right now. Consider these factors to decide if PrimeXBT aligns with your trading needs. In just the last few months, exchanges that formerly required no KYC like OKX, Bitget, and KuCoin have all either implemented KYC procedures, or withdrawn services from the US due to the harsh regulatory environment for crypto exchanges.

UNLIMITED

Perhaps this is something they will add in the future. You will be prompted to turn on the front camera on your phone or laptop to take an instant photo a scan of your face. In diesem Abschnitt können Sie auch die Nutzung und den Status Ihrer Boni verfolgen. The pip is usually the fourth decimal place of a currency pair, except those that only have two decimal points, i. Optional KYC and a demo account for practice are also available. Here we’ll explain the 3 important components of a PrimeXBT futures contracts. Owner: Prime Technology Ltd. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. If you have any questions about the security measures we employ to protect you, or if you believe there may be an issue with your account, email us immediately at. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. At PrimeXBT, there are various ways to do this, making it easier for its users. Out of 177 reviews, 59% gave PrimeXBT a 5 star rating, showing high satisfaction. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. PrimeXBT stands out in crypto for its simplicity and versatility. Users can choose to be either a trader to be copied or an investor to copy others. But once 2018 hit, a major Bitcoin trend change occurred, and the price started going down. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. This causes a slight delay in funds being available in the account. Swipe right to compare. It was very easy to get familiar with the help of videotutorials, also I noticed several security layers 2fa authentication, whitelisting your withdraw wallet address, and also I have used their excelent support. PrimeXBT offers perpetual futures markets for 13 markets with 100x leverage available for all assets. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. It has a top mobile app and a customizable web platform for all traders. Withdrawal fees start at just $0. Risk can be mitigated with proper strategies and in the hands of a skilled trader, a margin account can be powerful. This review delves into the different types of promo codes available, their advantages, and the steps to activate them, making it essential for both new and experienced traders. In addition, there is a section “Economic Calendar”.

Risk warning

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Additionally, charting and technical analysis by TradingView are available in Analysis section. Returns or profits may be subject to capital gains tax. In his current role, Mr. Some coins offer incredible chances for traders and investors, but they do come with risks as well. Between optimism surrounding a crypto friendly trump administration, strong institutional inflows, and a spike in activity among Bitcoin whales, Bitcoin still has the potential to rise above 100k. It also stands out for allowing users to trade various assets, including cryptocurrencies, stocks, commodities, and indices, from a single platform. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. First, because there is limited liquidity in the market, and two, the matching engine at the exchange isn’t fast enough. Very quick trades, cool coins and top leverage. However, it has become standard on most trading platforms. Yes, our 4 level affiliate program will allow you to invite friends, family and others to try out the platform. Exchange your Crypto for Fiat currency and withdraw it to your bank account. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. This growth was influenced by significant factors such as PayPal’s adoption of Litecoin and the overall growth of the crypto market. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history.

Swap

I opened this long position with a tight stop loss. Common Complaints and Issues. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. The interface avoids unnecessary clutter, emphasizing speed and a focused trading experience. However, there are some regions where PrimeXBT does not accept users, including. KYC is optional on PrimeXBT. TradeOgre values user privacy and does not have KYC processes in place. It is also often wise to start small, rely on leverage to avoid putting too much capital on the line at first, and set up a trading journal to log any learnings or mistakes made along the way. 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. 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. Despite this downturn, Chainlink’s underlying technology and potential use cases imply a positive long term outlook. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. 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. VERIFIED NEWS: Salaries and compensation for Nigerian workers can now be paid in US Dollars, you acquire premium domains for as low as $1500 and PROFIT $22,000 ₦34 million Click here. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Both platforms cater to different types of traders, with PrimeXBT appealing to those looking for diverse trading instruments and BitMEX attracting traders focused on cryptocurrency derivatives. Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. This innovative exchange platform is one of the few Bitcoin based exchanges offering CFDs for trading with high leverage options. Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. By incorporating these elements into your investment strategy, you can enhance your investment performance and achieve consistent profitability on PrimeXBT. We found that there is enough information available for any customer to get their online trading career underway. The highly speculative market is also highly volatile, making it ideal for investors and traders seeking to become wealthy quickly. ” The trader certainly would not have an issue paying a little less if they can. Explicit financial advice is also not allowed. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop.

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Because of this, the Ethereum price prediction from The Economy Forecast Agency is one of the most bearish. Leverage increases the potential for significant losses, margin calls, and heightened impact of market volatility. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. These products are not suitable for all investors. Good to know: Despite operating through one of the largest brokerages in the U. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Opening an account takes less than a minute, and you can quickly load it with cryptocurrencies to start trading. Volet deposits are free, while Perfect Money charges a 1. The short interest was astronomically high, and therefore once retail traders came into the market and started using leverage on the long side, it caused a massive amount of short covering by hedge funds. Finance Magnates is a global B2B provider of multi asset trading news, research and events with special focus on electronic trading, banking, and investing. The platform enables investors to delve into the traditional asset classes, with a robust lineup of Forex pairs—including major, cross, and exotic pairings—as well as a range of Commodities and Indices. Everyone can access wallets, chosen strategies and specific tools without difficulties. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. This might be a drawback for traders wanting a lot of market options. Let’s connect and explore the world of words.

CoinCall Review : Should You Use this Exchange?

To assist traders in comprehending the platform and enhancing their trading abilities, PrimeXBT offers tutorials and guides. Check out our Traders tasks FAQs here. As of the provided information, the following countries are banned from using PrimeXBT’s services. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Disclaimer: These are the writer’s opinions and should not be considered investment advice. The trading platform is ctuting edge and there are a lot of advanced features available for efficient trading. The file is verified secure by PrimeXBT. I guess the global markets are just for fun idk. The cryptocurrency market operates in a decentralised manner facilitated by blockchain technology. For me it’s important, because my trading strategy is very sensitie to any kind of unexpected situations. The occurrences in the global market tend to affect the prices of cryptocurrencies and the entire financial sector in general. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. After all, rising rates had been one of the killers of stock markets in late 2022, so if rates start to drop, it’s possible that we will go back to seeing a lot of money flowing into the equity market. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. For enhanced security, PrimeXBT reserves the right to manually review a withdrawal request prior to its approval, particularly if it activates a suspicious activity alert. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform.

Supported cryptocurrencies

In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. The exchange does not currently offer fiat off ramps for withdrawals. Thus, we recommend that you carefully familiarize yourself with the terms of work on PrimeXBT and, if you wish, start with small trading volumes, gradually mastering all the possibilities of the platform. Mainstream acceptance: The approval by regulatory authorities signifies a growing acceptance of Ethereum as a legitimate asset class. After registration has been completed, PrimeXBT requires a minimum deposit of 0. The minimum payout balance is $100 for affiliate income withdrawal. Your friends can trade Cryptocurrencies, and Indices, as well as Commodities and Forex, from a single account. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. 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. It has over 1 million users. Open the downloaded file and tap Install to complete the installation. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Future Discounts: These accrued loyalty points can be subsequently utilized to unlock substantial discounts on future PrimeXBT purchases, extending the value beyond the Labor Day event. Scam Forex Brokers in Namibia. Withdrawals are charged flat fees: 0. It comes equipped with a range of technical tools, including over 50 indicators, advanced charting features and tools, and multiple screen support, aiming to cater to various trading strategies. As we approach key monetary policy decisions, jobs data releases, and the upcoming U. Financial instruments can be designed in a variety of ways, providing flexibility that trading assets alone cannot match. Step 2: Choose the trading pair you want to trade Take BTC/USDT as an example. We’re continually working to enhance our platform to ensure it is as intuitive as possible. With traders from over 150 different countries, PrimeXBT is one of those rare platforms that doesn’t have exuberant amounts of restrictions; however, it does restrict trades from some countries and provinces such as the USA and Quebec. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. Taking Binance as an example, if your daily withdrawal limit is less than 2 BTC, you don’t need to complete KYC to withdraw crypto.

Web3 Explorer

Receive the latest news and stay informed. First, you’ll see your account area, with any bonuses allowed by regulation in your area and that you are eligible for. It’s preloaded with hundreds of popular indicators like strength index, moving averages, etc. That being said, it is a 100% return from current levels and, therefore, will be a difficult target to hit. Gemini is a cryptocurrency exchange founded in 2014 by the Winklevoss twins. Trade EUR/USD, USD/JPY, GBP/USD, and more Forex CFDs on our easy to use platform. 💱 Crypto futures enable buying or selling specific cryptocurrencies at a set price in the future, perfect for speculating on price movements without owning them directly. Termination can occur in several ways. The exact amount and conditions for these fees can vary. We use dedicated people and clever technology to safeguard our platform. Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. Direct Crypto deposits from your personal crypto wallets to your PrimeXBT wallets. This is the best place to find bonuses such as welcome offers, deposit bonuses, and other special rewards. DeFi tokens adopt the ERC20 token standard, while NFTs rely on the ERC719 standard instead. Additionally, users can deposit and withdraw US dollars. You can close your running positions on PrimeXBT using either a market or limit order. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings. AWS has a proven track record of industry leading digital and physical security. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. CFDs let traders speculate on price action using long and short positions they can open and close at any time. The NASDAQ 100 Index is a market capitalization weighted index.

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Dive into trading excellence with PrimeXBT today. However, some gave their permission to mention them:● AvaTrade● Benzinga● Rostro● Alpha Capital MarketsSome of the DXtrade clients:● Deriv● SolidusX● Rostro● Freestoxx● Eagletrade● Binomo. Our website uses cookies. All nodes in a network must agree and come to a consensus for the blockchain to continue building and moving forward. The PrimeXBT app is compatible with iOS devices running iOS 15. High liquidity, aggregated from 12 leading sources in real time. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. Chainlink Price Feeds, for example, feed DeFi protocols with high quality on chain data to ensure the most accurate pricing for cross chain collateral and other solutions. The order form also displays recent trades and order book data. PrimeXBT spot trading involves the purchase or sale of financial instruments for immediate delivery at current market prices. 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. 05%, drastically reducing the cost of trading—an essential consideration for novice and veteran traders who want to make the most of their investments.

Web3 Explorer

Follow the instructions with your chosen method to complete your deposit. But it has fewer crypto assets and pairs than some others. These products may not be suitable for all investors. Traders all around the world trust us and the services we offer. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources. Another great feature is that their basic service is free although it is slightly limited, but their paid crypto signals are very affordable at eight dollars and twenty five cents a month. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. Prime Technology Ltd is PrimeXBT’s Technology Provider. The support and resistance levels are used to speculate on the price movement. ✅Provide your wallet address. Click the ‘Claim’ button on the bonus mission you’ve completed to add the bonus amount to your reward balance. It requires financial institutions to carry out identity and background checks on their customers before allowing them to use their services.