What is PrimeXBT?

PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Even so, Binance has set itself apart by offering an insurance fund for user assets. No, on PrimeXBT, only one bonus can be active per transaction. At its core, PrimeXBT aims to provide traders with top tier liquidity, a comprehensive suite of trading tools, and a deep commitment to security, ensuring a safe and efficient trading environment for all. On Sunday, July 25, the market surged from $36,000 $40,000 in a matter of a few minutes. Research about the crypto regulations in your country to find out if there is a tax and, if so, the percentage you have to pay. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. PrimeXBT is a top choice among crypto trading platforms due to its high leverage levels, low fees, and advanced trading tools.

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In contrast, competitors like Binance and Bybit provide more transparency, which can instill primexbt-wallet.com/ greater confidence in the security and management of user assets. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Investing in cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. Some gold related cryptocurrencies are pegged to the price of gold, while other gold back coins or tokens allow for redemption into physical gold. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. However, the lack of regulation should be considered as a potential risk. Our website uses cookies. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Virgin Islands, Northern Mariana Islands. To further assist the global community of traders who call PrimeXBT their home, and to encourage those that haven’t already tried the platform to do so, we’ve created this in depth Trading Guide to help you get started on the platform and well on your way to becoming widely profitable. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. These promotions often include trading bonuses, contests, and referral rewards. Tradable assets aside, here are the products and features PrimeXBT brings to the table. PrimeXBT only offers one account type that includes all of the broker’s services. If you know that you can have three losses in a row and still make an average of 2% a month, it gives you much more in the way of confidence and the ability to stick with what you know works. I have screenshots as evidence. Before contacting the Financial Commission you have to raise the issue to PrimeXBT customer support team first and provide all relevant information for review. These events offer a variety of benefits, from reduced fees to deposit bonuses. Bitcoin Cash and Bitcoin Gold, and ‘Halving Events’, which occur approximately every four years. According to multiple review sites BB is one of the standout paid Crypto trading signals providers on Telegram. 01%, while on PrimeXBT, they were consistently over 0. Disclaimer: These are the writer’s opinions and should not be considered investment advice.

How to transfer cryptocurrency from Coinbase to PrimeXBT?

The automated systems scan the internet for new coupons, which are then verified by the team for their validity. Regulatory Uncertainty: Because the bitcoin sector is still developing, regulatory frameworks must still be properly developed on a global scale. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. It is primarily the major players in this industry that are trying to do the same, so it’s remarkable that a completely offshore company, where we don’t even know who the true owners are, has already built one. Analyse the markets with powerful charting, to better identify opportunities. Crypto futures fees are attractive at 0. With PrimeXBT you have access to various trading assets; CFDs, Forex, Crypto, etc. For example, using limit orders to take advantage of lower maker fees can reduce overall trading expenses significantly. Margin and leverage are not the same things despite often being confused, especially within the cryptocurrency community. Unlimited for verified users. The most basic form of risk management is done by placing a stop loss order to protect against extreme losses. We appreciate your feedback on adding more features for analysis. In his current role, Mr. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click. Users can trade long or short, with margin.

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The exchange offers some of the lowest commissions in the crypto market, as well as convenient and modern trading terminals available anytime and anywhere. For individuals who wish to take advantage of seasoned traders’ knowledge without devoting a lot of time to market research, this feature is helpful. But how does it compare to other platforms in the market. 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. A prime example of this is the recent, highly publicized ban on crypto mixer Tornado Cash. To claim your PrimeXBT bonus of 35% on your Bitcoin deposit, just follow these steps. Customer support is available 24/7 through live chat and email. Its three star rating, despite being a newcomer, suggests a promising start and potential reliability in its approach to trading Ethereum. 20 x 60 = $ 1200 profit. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. PrimeXBT offers a suite of powerful tools designed to enhance your trading experience. Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. Direct bank account withdrawals are not typically supported on PrimeXBT as it is primarily a crypto based platform. The broker is also active on the below social media and can be contacted via email –. Federal Reserve, Jerome Powell, has indicated that the central bank may have reached the peak of its rate hike cycle, which Sciberras thinks could be a catalyst for a bitcoin rally in 2024. Select the cryptocurrency you wish to deposit, and a wallet address will be generated for you to send your funds to. Also, clients can trade binary options on cryptocurrencies via PrimeXBT Turbo module and can use a form of copy trading. CFD stands for contract for difference. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. We’ve also highlighted the importance of developing a well defined trading plan that incorporates risk management strategies. Earn additional income through the PrimeXBT referral program by inviting friends and colleagues to trade on the platform. This includes crypto exchanges, financial institutions and other entities that offer crypto related services. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This will boost your chances of long term success. Well, we are not really fans of mobile trading in general.

We’re open to all

Keep in mind, though, that users can copy the amount of money they invest from the strategy they follow, or use an option to invest a fraction. 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. Even beginners will find this platform easy to use. Lastly, you can’t rearrange or resize modules on the desktop platform. The vibrant colors, sharp details, and wide viewing angles make for an immersive visual experience. Security and high trading fees are the top concerns. Furthermore, traders should be aware that neglecting risk management practices like stop loss orders can worsen the situation. I discovered that PrimeXBT’s FX and CFDs account features less competitive prices than the industry standard. The file is verified secure by PrimeXBT. You only need to fill the Amount of asset you are willing to buy or sell. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. ETH is outperforming bitcoin. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information.

MarceloDias

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. Brokers operate multiple entities globally, but regulatory protections vary. Long selling is buying low and re selling high. Trade fees, overnight financing charges and settled PandL do not affect Bonus amount and are charged or booked to Trading account balance. Here are some common questions about the PrimeXBT Deposit Bonus. We’re here to help make your trading experience as smooth and successful as possible. However, there are serious risks associated with hot wallets as they are vulnerable to hacker attacks. This fee is for borrowing funds to ensure fair pricing in the market and to align the value of the futures with the price of the underlying asset. Why It Is Popular: XLM has an ultra low price point per coin compared to other altcoins and Bitcoin, making it especially attractive to new investors not looking to spend thousands per coin. This bonus will provide a unique reward upon the users first eligible deposit within the specified time frame upon logging in, the Welcome Bonus countdown timer reflects the amount of time remaining until the end of the offer. For traders who prefer digital assets, PrimeXBT supports deposits in major cryptocurrencies. This is a more rounded approach and takes into consideration a lot more than just the charts and general price movement. He also acted like the ‘host’ of their YouTube channel, which has almost 50k subs. There are multiple benefits for users who want to take advantage of copy trading such as. Kraken and Coinbase are two notable examples, as they have obtained approval from regulators like FinCEN US, FCA UK, ADGM Abu Dhabi, and AUSTRAC Australia. We may receive a commission for purchases made through these links. While you can create a Binance account without KYC, you cannot access the vast majority of the products available on Binance, including buying, selling, and trading crypto. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must.

MarceloDias

However, it is also a Cryptocurrency; therefore, you should understand that there is much volatility when investing. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. Reply from PrimeXBT Copy Trading. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. The exchange is secured against DDoS attacks with Cloudflare and encrypted SSL for advanced website traffic safety. These products are not suitable for all investors. Use the small initial deposit to test the waters and start your trading career. There may be a large group of traders behind an automated trading strategy. The blockchain essentially acts as a ledger that records all transaction history.

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By following these steps, you can ensure a smooth and secure start to your trading journey on PrimeXBT. Once your Stop Loss is triggered, it becomes a Market order and is filled as such, taking into account the Spread for a given order size. Navigate to the Profile section in the top right corner of the Home Screen and tap on the Rewards Center image on the apps. On the other hand, a short position will give you profits when the price of a cryptocurrency drops. The platform is simple to use. By continuously learning and adapting to market conditions, traders can stay ahead of the curve and improve their trading performance. For your first trade, you identify potential setups and then decide whether you are going to buy or sell a currency pair. Using this application is very helpful for beginners like me. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. I opened this long position with a tight stop loss. Best regards,The PrimeXBT Team. During my PrimeXBT review, traders were offered a well structured reward program worth $5,000+ for achieving trading milestones. This is because you know that over the longer term, your rules do make money. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. I don’t know of too many platforms that offer a robust plethora of tradeable instruments like PrimeXBT. To access it, navigate to ‘Hub’ and select ‘Referral Program. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Set up your account preferences, fund your wallet, and explore the various trading options available to you, such as margin trading and access to multiple markets, including crypto, forex, and CFDs.

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The EUR/USD pair is a popular currency pair to trade in the. ” This would include the idea of the ecosystem being able to allow seamless interchangeability between different blockchains. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. A common approach to cyber money laundering was to use a digital currency exchanger service which converted dollars into Liberty Reserve and could be sent and received anonymously. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. It’s easier to bet on a fallen price in the CFD market than to be bothered by the complications of the futures market. Clients can access more than 100 tradable instruments at varied trading fees. Date of experience: December 26, 2024. PrimeXBT provides a dedicated section for entering promo codes, typically found in the account settings or during the deposit process. However, depositing or withdrawing fiat currency will require KYC identity verification. In fact, PrimeXBT actually measured the slippage on their executed orders. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries.