24/7 Support

As a new Member of the Financial Commission, we’re excited to give our clients even more security, oversight, protection, and peace of mind. Range trading means trading the range, i. Look for the best crypto trading platforms that offer 24/7 customer service through various channels like live chat, email, or phone. The exchange does not currently offer fiat off ramps for withdrawals. PrimeXBT’s blog offers many guides explaining how to use these tools effectively. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. What Makes EUR/USD the Most Traded Currency Pair. In the next section of this PrimeXBT review, we will look at the key features of the platform. Trade Crypto Futures Contracts incl. Learn more about Baksta’s Legal Terms. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity.

◾️Can I withdraw to my bank account?

Additionally, you can choose to receive email notifications for logins and liquidations. Unlike its larger competitors, PrimeXBT does not offer P2P trading. My experience with PrimeXBT’s customer support was mixed. 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. These trading tools provide users with the necessary resources to analyze the markets and execute trades effectively on the PrimeXBT app. You can contact their team on and if you have any questions. Only for verified users. They were not Seite besuchen even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another red flag. Anyone can view, post, and comment to this community. 2134 for GBP/USD, or $9. While margin trading carries inherent risks, there are steps you can take to mitigate them. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Understanding the importance of KYC compliance and its impact on trading activities is crucial for all PrimeXBT users. The space is very volatile, but if you have a good risk advertisement strategy, you can be perfectly safe.

PrimeXBT: The biggest brokers you’ve never heard of

Insights into PrimeXBT’s Cryptocurrency Trading. They have developed their own trading technology, making the platform robust with plenty of key features. The tool features a proprietary “risk scoring” system that helps investigators uncover and monitor potentially malicious activities. Com or you can contact us in the chat room on our website. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. After reading this guide to trading Cryptocurrency, you are armed with all of the knowledge to begin trading the various Crypto markets. Please note that Brand Press content is created independently of Techpoint Africa’s editorial team. There are several strategies traders can employ to minimize trading fees on PrimeXBT. No disadvantages, all is good, working fine. But, the transparency of this process raises questions. The best crypto exchange for trading crypto futures. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Returns or profits may be subject to capital gains tax. But what about the costs associated with these withdrawals. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. A Strategy is a pool of a trader’s personal funds which is visible to the public and can be Followed by others. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. PrimeXBT encourages new users to enable security features such as 2FA and to customize their trading interface. This also helps the crypto financial system remain healthy and avoid price manipulation such as so called “pump and dump” schemes. These will be processed almost instantaneously. As a derivatives trading platform, PrimeXBT does not offer any spot markets. It is not something that you have to do, just something that you are able to do should you choose to. These services are governed by the legal terms and conditions of PXBT.

Conclusion

Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Chainlink’s value can be influenced by broader market trends, macroeconomic factors, and sentiment, leading to price fluctuations. Higher leverage can help increase profitability, but can involve more risk, and needs to be managed. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Limit order: a limit order is an instruction to buy or sell a security at a specific price or better. The proposal argued that Bitcoin was a dependable inflation hedge, but shareholders rejected it due to the cryptocurrency’s volatility. We’re thrilled to hear you’re enjoying trading ETH and taking advantage of our low fees. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. These could include slippage, where the price at which a trade is executed differs from the expected price, and currency conversion fees if trading in a currency other than the account base currency. Essentially, it enables users to browse and instantly copy their trading behavior through hundreds of trading strategies offered by the other traders, achieving the same returns as the leading traders on the platform. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. These virtual events allow users to participate in a live QandA with top executives all over the world. Upon registering, users automatically receive a СFD Trading or Crypto Futures USDT accounts. Here is a look at the different membership plans available with COV staking. My deposit was credited after 20 network confirmations, which took a few minutes.

Copy trade

Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. In the next section, we will provide practical tips for maximizing your trading experience on PrimeXBT. Covesting also had an ICO in 2017 that raised close to $20m. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Attend exclusive PrimeXBT events, network with other clients and learn new skills. Date of experience: December 05, 2024. With a primary focus on cryptocurrencies, PrimeXBT offers a variety of deposit and withdrawal methods.

Access more products from a single accountAccess more products from a single account

This can be done quite easily through the account management options in the “security settings”. That being said, coming up with an Ethereum price prediction requires looking at many different moving pieces of data. Below, we will walk you through the details of this promotion, how to activate it, and why it’s a great opportunity for both new and existing users. Crypto enthusiasts can buy over 60 cryptocurrencies including Bitcoin BTC, and Ethereum ETH on the PrimeXBT platform. This enables traders to significantly amplify their market exposure with a relatively small initial investment. In terms of customer support, you have the industry standard options of the 24/7 live chat and email ticket system. How volatile a market is affects how quickly the price of assets can change, so be prepared. While it supports copy trading, the platform lacks automated trading functionality. It is one of the blockchain platforms looking to be very prevalent in the future. SCAM SCAM SCAM SCAM SCAM SCAM If I could leave less than one star I could. And PrimeXBT occasionally offers fantastic deals tailored for military personnel, for events such as Veterans Day or Memorial Day. These questions are largely speculative and opinion based. The trading commission on the platform is consistent and charged at a flat rate of 0. When using live chat, I usually received a response within 2 minutes. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Its top menu showcases the following tabs. By understanding how these markets work, you increase the likelihood of being successful. Anyone can register for a free margin account on PrimeXBT. 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. By studying support, resistance, and momentum, you can gain somewhat of an understanding where Bitcoin Cash may end up. However, the broker does not provide Islamic accounts for swap free trading. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. PrimeXBT only awards these prestigious stars after rigorous performance benchmarking and evaluation, making them clear hallmarks of elite trading talent. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. ApeX Protocol: Trade Crypto. Top traders who operate private trading groups, or share charts on social media or TradingView will also benefit significantly from leveraging their followers and inviting them to take advantage of PrimeXBT’s advanced trading tools.

Is PrimeXBT Right for You?

In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. Lastly, ETHdevelopment exhibits a slightly lower yet impressive win ratio of 96. Scan this code to download app. Crypto signals are usually recommendations by market experts or professional traders that tell other traders when to buy, sell or keep their Crypto trades. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. As a cryptocurrency Ethereum is a very interesting one as it is seen as the second generation of blockchains and cryptocurrency because it encompasses smart contracts and is part of the genus of programmable blockchains. Understanding how these orders work and their associated fees is essential for effective trading on PrimeXBT. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 73 cryptocurrencies. They have to deposit their first amount and enter the promo code ‘TMMBONUS’ to receive the bonus within 24 hours. The platform is user friendly and offers a highly customizable interface with advanced charting tools and technical indicators. Yes, most trading platforms allow you to set Stop Loss and Take Profit orders to manage risks and secure profits automatically. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. A quick question to hopefully clear up some confusion on my end. 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. As a result, I found that PrimeXBT’s educational content lacks coherence, structure, and objectivity. There are 3 options to select from when choosing the duration of each contract, with these being either 30 seconds, 1 minute, or 5 minutes. He joined NCB Capital Markets in 2013 to lead the firm’s regional private equity investment initiative. This website is owned by PrimeXBT PTY LTD. To help our audience understand what the Merge is all about and what it means for the top ranked altcoin in the future, we have prepared this in depth guide on the upcoming Ethereum Merge. There are hundreds if not thousands of opportunities to place profitable trades every trading session. Higher limits are typically available to verified users. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. One downside is the absence of cent accounts, and the platform’s interface takes some getting used to. 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. Gold is an established and mature market for investable assets. 01%, while on PrimeXBT, they were consistently over 0.

On chain Analysis: 10 Crypto Trading Indicators to Spot Next Bull Run

Yeah, for crypto trading this feels like the better option. This will redirect you to the trading page and chart of your margin account. It is a great diversification hedge. As the Cryptocurrency market continues to evolve, Ethereum stands out for its versatility and potential applications across various industries. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. The trading user experience on PrimeXBT is designed for both new and seasoned traders. Here are the typical minimum deposit amounts for fiat currencies. For more information, see the Terms of Service for Bitcompare and our Risk Warning. PrimeXBT account holders can generate reports to view trading and transfer activity via the Reports page. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. We would suggest you use the web app as the first port of call and leave the mobile app for monitoring open positions and having to perform on the go trade maintenance. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. Once you know how and when you want to trade you’ve defined your trading plan, haven’t you. In contrast, ADA/USD has fallen 5% since the start of the year and has risen 50% over the past 12 months. It has become a go to choice for many crypto traders looking to bypass KYC, as it offers access to a variety of assets and trading tools with minimal restrictions. Only for verified users. We earn the trust of clients by being clear about everything from the very start. Nobody begins a road trip without first consulting a map.

How to use PrimeXBT?

With a margin account, the same $10,000 could be lost entirely with one improperly managed position. 00 during 2029 and maybe even higher, perhaps $1. It’s critical to remember that market dynamics, investor mood, and overall adoption within the cryptocurrency ecosystem all have an impact on Cardano’s value in addition to real world uses. When trading Crypto as a beginner, investors should generally opt for lower leverage ratios to minimise potential losses while they gain experience. The WebTrader is easy to navigate, and even beginner traders can quickly learn where the charts, account info, and watch lists are located. Throughout my testing, the app performed smoothly without any bugs or glitches. 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. According to recent LTC news, Litecoin has been regularly used as a testbed for upcoming second layer applications that will eventually be applied to Bitcoin, such as Segregated Witness and the Lightning Network. 4 million operations per second. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Conclusion:PrimeXBT stands out as a comprehensive and feature rich cryptocurrency exchange, offering a user friendly interface, diverse asset coverage, robust security measures, leveraged trading options, competitive fees, and reliable customer support. This was indeed also our experience. Please be aware that the verification process for customers from South Africa differs from the standard procedure. In general, the KYC verification procedure is not complicated and goes quickly, after which you will have additional opportunities on the PrimeXBT exchange. Ripple is looking to make mainstream partnerships with banks and financial institutions to assist in interbank transfers and to try and break down the walls of sending value across borders. My experience with PrimeXBT’s customer support was mixed. It stands out as a dynamic trading platform, combining low trading fees with a wide range of tradable markets, with maker fees as low as 0. Verification usually takes up to 2 minutes, after which your account status will be updated to ‘Verified’, and your withdrawal limit will be automatically lifted. A stop loss closes your trade automatically when the price reaches a pre specified level, allowing you to precisely determine your potential losses before even placing a trade. Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. Attention is paid to technical, fundamental, and economic analysis. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income. 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 is excited to announce that we will be at the world’s largest Crypto event, TOKEN2049 Singapore, which will take. View and upvote the most commonly reported PrimeXBT Crypto Futures trading platform issues to help us better indicate the service status. This minimized my losses and still only cost 0. There is no minimum deposit required to open a margin trading account at PrimeXBT. The list contains both open source and commercial software. Some products and/or services might not be covered by the Compensation Fund.

How do I buy Bitcoin?

Users can open accounts, deposit crypto, and start trading with just an email address. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. The interest in margin trading is much smaller than what you earn on your credit card, but when done wrong, it can also lead to losses. It takes just a few minutes to get started. Margin trading can increase the size of your positions beyond the actual funds available in your account, but it can also increase your market exposure. Open the downloaded file and tap Install to complete the installation. A pleasurable deal for you when shopping at Primexbt: “enjoy $80 credit on all products with Primexbt coupon code”. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. PrimeXBT is an acceptable choice for day traders. As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. When using live chat, I usually received a response within 2 minutes. However, you are not forced to open such big position. Check the current promotions for specific details.

US dollar

Creating an account with PrimeXBT is a quick and straightforward process. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Yes, PrimeXBT provides a demo account feature that allows you to practice trading with virtual funds before risking real money. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. Learn more about Baksta’s Legal Terms. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. This site contains affiliate links to products/services. Given that PrimeXBT does not conduct these unless they have concerns about suspicious activity, it means that it frees up a lot of time for their agents to answer the most pressing questions for the traders. The platform has become popular for traders looking to access high leverage and is available in over 150 countries worldwide. Setting Up Perfect Money. Yet, where does copy trading fit in this complex equation. Get discounts on trade fees, overnight financing, and even deposit bonuses to enhance your trading experience. These events offer a variety of benefits, from reduced fees to deposit bonuses. Although some investors have profited significantly from purchasing and selling Dogecoin, others have lost money. From the ‘Order’ window, click the pencil icon next to ‘Margin Type’.

Connect Wallet

‍Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. There is a long list of requirements to become a full fledged Member of the organisation. When trading with margin, it’s important to always keep a sufficient amount of funds in your trading account, and never use 100% of your Available margin. Most popular crypto exchanges offer copy trading, which allows users to copy trades made by other experienced traders. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. That covers the products, but a good selection of products and features may not mean much if the platform is deplorable, so let’s cover user friendliness. It does not display the actual or predicted returns or yields in any fiat currency. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. PrimeXBT is a multi asset trading platform that allows users to trade various financial instruments, including cryptocurrencies, forex, commodities, and indices. 05% for trading cryptocurrency assets. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. This is better than the other futures exchanges such as BitMEX for example. It also shows you their annualised returns, assets and asset growth. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. Of course, there are plenty of whales that own both, just due to how crypto came to be. Profit from the markets by following the experts. 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. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. As a joke or fun project, software developer Billy Markus and marketing Jackson Palmer founded Dogecoin in 2013. The bonus funds are available for two weeks after activation, and can be used as additional collateral to open positions. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. As is the case with any exchange, there is always a possibility of hacks. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. The exact amount does depend on the market involved, as the amount of «leverage», or the multiplier of your initial deposit will vary. Injective Protocol INJ. As you can see, this is where you track the performance of your position.