Get over $1,500 in bonuses as you progress

The biggest strength for PrimeXBT is that it offers multiple different asset classes for traders with deep liquidity and a high performance trading/matching engine for a flawless trading experience. This lets users make the most of market trends in different digital currencies. The latter will not be paid if the trade is opened and closed within the same day. However, it is important to use leverage responsibly, as it can magnify both gains and losses. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The platform offers its diverse customer base cutting edge products and professional trading conditions. Regularly review your trades and adjust your strategy as needed to stay on track with your trading goals. 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.

Very low spreads with low commissions

Learn more about Baksta’s Legal Terms. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. To view or add a comment, sign in. It displays the latest actual price of the coin, the maximum price for the day, the minimum for the day, the trading volume, and the prevailing trend: upward or downward. You can place buy orders to acquire Dogecoin when anticipating a price increase or sell orders when expecting a decrease. Enabling 2FA adds an extra layer of protection to your account. Wir freuen uns zu hören, dass Sie die Möglichkeit schätzen, durch Wettbewerbe virtuelles Guthaben zu erhalten und so Ihre Fähigkeiten zu verbessern, bevor Sie mit echtem Geld handeln. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. 9% availability rate, ensuring that traders worldwide have near constant access to the volatile cryptocurrency markets. Here’s how to start. If you combine it with leverage, you can increase your position size. Although PrimeXBT does not offer many bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in planning and development phases to be announced at a later stage. 40 per token, with prices settling down around the $0. 05% depending on the asset type Mandates careful risk management, as leverage is pretty high. Prime Technology Ltd is PrimeXBT’s Technology Provider. The top 100 cryptocurrencies are popular with investors because most have strong technological backings. 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.

FAQs About PrimeXBT Covesting

01% of the order size. A guest author represents the interests of the company he or she is promoting in his or her articles and is not part of U. Reply from PrimeXBT Copy Trading. It magnifies both potential profits and losses. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. When comparing to cryptocurrency margin trading exchanges, such as Kraken and Binance, these leverage rates are significantly higher. Withdrawals are processed once a day between 12:00 and 14:00 UTC. Withdrawals are processed once daily, usually within 24 hours. PrimeXBT equips partners with all the necessary tools and materials to succeed in their promotional efforts, allowing them to begin earning in a high paying industry without any initial investment. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. The exact amount does depend on the market involved, as the amount of « leverage », or the multiplier of your initial deposit will vary. The same will happen during a downtrend, where traders monitor the support levels. In the 1970s when the Bank Secrecy Act was passed. BTCUSD is trading inside a Channel Up since December 18 2019 monthly low on the 4H chart. Here’s a clear breakdown of all PrimeXBT fees and commissions.

The basics of Ethereum

There’s a drop down button that says « All markets, » and you can use it to select the particular market you want to trade. What’s more, the provider offers a 30 day money back guarantee, and you can use crypto when paying for a subscription. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies. This Week’s Summary The crypto market ends the week at a total market capitalization of $2,67 trillion. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Case study: A case study of successful staking is the crypto mining pool called F2Pool. Our support staff is dedicated to providing the best service possible, and your feedback confirms the value of their hard work. 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. CFD trading is described as « the buying and selling of CFDs, » with « CFD » denoting « contract for difference. PrimeXBT Review The Products. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. It is your responsibility to regularly review the Website to ensure compliance and agreement with the current version of the Agreement. Before the borrowed shares or assets must be returned, the trader is betting that the price will continue to decline and that they can purchase them back at a lower cost. Whether you’re a beginner looking to dip your toes into trading or a seasoned trader seeking a reliable platform with advanced features, PrimeXBT offers something for everyone. On the left side, you will see the watchlist. MT5 services are provided by our partner, PXBT Trading Ltd « PXBT », a licensed Securities Dealer in Seychelles under License No. PrimeXBT is a top choice among crypto trading platforms due to its high leverage levels, low fees, and advanced trading tools. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Conduct your own research by contacting financial experts before making any investment decisions. Although it has not been around very long, Binance has already established itself as a significant player in the trade of crypto derivatives. However, trendlines can also be used to help a trader make a decision even before the trendline has been breached and is no longer valid.

Stock Trading

In the registration form that opens, enter your email and a password. Considering the pertaining risks of negative attention from hackers, PrimeXBT holds most of its coins in cold storage. Choosing between these platforms depends on your trading goals and preferences. We personally contact support using all available methods and present hypothetical problems that users might face. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Unless you’re an experienced trader outside the U. No KYC needed to sign up on PrimeXBT. It also gives them the ability to reach out to customer support right there in Telegram. PrimeXBT aims to maintain a transparent fee structure for withdrawals, ensuring that users are well informed about any charges that may apply to their transactions. Learn more about Baksta’s Legal Terms. Best regards,The PrimeXBT Team. 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. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. There’s more to digital assets than just HODLing, and we’re here to open you up to a world of possibilities. Sticking to a well defined trading plan and strategy can help you avoid the pitfalls of emotional trading.

Restricted Jurisdictions

💼 AML Compliance: PrimeXBT follows FATF guidelines, employing Bitfury’s Crystal software for real time blockchain monitoring. This commission rate is zero for commodities, forex, and indices. Stellar will reach $0. The golden rule is: never put all your eggs in one basket. PrimeXBT tends to have a flat fee structure. 49% transaction fee for trades over $200, so there are extra fees per transaction and extra « auction » fees, which PrimeXBT offers flat fees irrespective of volume or rebates, and fees differ depending on the instruments being traded. To withdraw Fiat currency USD, go to the Main page. Is Primexbt available in USA or Canada. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. Serving 200+countries, 30+ crypto, and FIAT currencies. The plays were measured, lacking the wild swings often seen in this league. The way XRP and Ripple are portrayed in the media can significantly sway investor sentiment. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. Today’s copytraders scan through individual traders’ profiles and see their investments in real time. PrimeXBT also boasts an array of diverse order types on its trading platform for veteran traders. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Pionex does provide services for US users but some services are restricted including leveraged grid bots, margin grid bots, and leveraged tokens. On a сross margin, leverage on Bitcoin is available up to 1:200, and on an isolated margin of 1:100 it is very cool. Our deep dive examines PrimeXBT’s security, fees, ease of use, and key trading options, including leverage and copy trading. This proactive approach is key to successful trading. They seemingly receive salary not for no reason, lol, sometimes, there are platform where support guys receive money for nothing. Message the modmail instead. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Make sure to stick to your risk management plan to avoid unnecessary losses and avoid trading with any funds that you’re not willing to lose.

Advantages of the Welcome Bonus:

While traders should be mindful of the risks associated with high leverage, PrimeXBT’s comprehensive offerings and positive user feedback make it a compelling choice for those looking to trade across global markets. Dogecoin’s supply has no cap, and the current circulating supply is 142,204,946,384 DOGE tokens. Often, websites without SSL encryption are considered unsafe and could deem harmful for you. Scan this code to download app. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. That type of money translates to a fortune for followers, who only give up a small portion of earnings to pay toward the strategy manager’s profit share model. You can open an account and start trading with just your email address. Baksta is a virtual currency exchange operator and virtual wallet holder with the Financial Crimes Investigation Service FCIS. Monitoring equity changes is crucial for informed decision making and manage risk. If the app is unavailable in your region, you can still access it through direct download from our site. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. The final step before executing the contract is to select whether or not it will be an « up » contract, or a « down » contract, with the profits of the trade depending on which direction you select, and which direction the asset moves. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. The leading community for cryptocurrency news, discussion, and analysis. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. PrimeXBT boasts an average order execution speed below 7. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. It also provides a breakdown of individual crypto and US dollar balances. However, depositing fiat currency requires KYC verification. These products are not suitable for all investors. With PrimeXBT I unlock everything in trading.

How does the Welcome Bonus work?

It is a good way to enter a new market, with low effort, and a way to learn without imparting emotional trading. Over leveraging is a common mistake made by most traders. Is the bonus still avaible. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. La empresa, con su sólido compromiso con la tecnología de última generación, se enorgullece de liderar la marcha hacia un futuro brillante en el comercio de criptomonedas. While the mobile app is convenient for monitoring and maintaining trades on the go, we recommend using the web app for more serious trading activities. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Yes, trading fees typically include spreads, commission fees, and overnight financing swap fees, depending on the asset and platform. Before diving into leverage trading, it’s crucial to understand the risks involved. By subscribing you agree with Finbold TandC’s and Privacy Policy. On Apple’s App Store, iOS users rated the trading app with 4.

Trading Bots

What is Virtual Private Network VPN. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. PrimeXBT does not accept customers from countries such as: Japan, Canada, Cuba, United States, Israel, New Zealand, Syria, Iran, North Korea, Sudan, American Samoa, Russia, Myanmar, Outer Small Islands of the United States, St. 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. And 11 tradable indices. Binance employs a tiered fee structure based on your 30 day trading volume. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. The support service works quickly and professionally, which will help customers to promptly deal with possible difficulties. This will allow you to earn a commission from referring friends to the platform. If don’t have crypto to fund your account, head over to Changelly, click the « Buy » tab, and follow the on screen instructions to purchase your desired cryptocurrency using fiat money. It also stands out for allowing users to trade various assets, including cryptocurrencies, stocks, commodities, and indices, from a single platform. Indices: Gain exposure to global stock indices like the SandP 500, NASDAQ, FTSE 100, and others. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. We particularly liked that the broker has integrated all features into one account and dashboard. PrimeXBT services are not available to users or residents in the following countries.

Worse

The Copy Trading module is available for individuals who can’t seem to get it right or simply need a pause to refocus. Crypto Deposits: PrimeXBT offers free crypto deposits. I have been tradng on this platform for a while and I haven’t had any issues with the company in regards to my funds or account, it’s been a positive experience. Before making financial investment decisions, do consult your financial advisor. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. We may include partnership links, but they don’t affect our ratings or recommendations. In addition to these resources, PrimeXBT offers user oriented features like. It offers advanced trading tools and features for both beginners and experienced traders. In the following sections, we will delve into the specific countries where PrimeXBT is restricted and the regulatory factors influencing these restrictions. How volatile a market is affects how quickly the price of assets can change, so be prepared. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. In this case, Binance has a higher value for money score than Prime XBT. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. With new support from big names, however, it just as easily could grow long term.