PrimeXBT review: is it legitimate?

Traditional cryptocurrency exchanges often require you to complete Know Your Customer KYC procedures. Researching the best no KYC crypto exchanges to use to trade securely and privately. OKX innovatively adopted blockchain technology to reshape the financial ecosystem by offering some of the most diverse and sophisticated products, solutions, and trading tools on the market. You can close your running positions on PrimeXBT using either a market or limit order. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. To withdraw Cryptos to an external Crypto wallet, go to the main page,. You will pay a small transaction fee for this order type. What do I need to know about the fees charged by cryptocurrency exchanges. It was an easy way to attract retail trading, as the idea is that it takes a lot less of a move to make big profits. What about its original software for building and using your own trading strategies in different markets. The special ‘volume indicator’ located in the Easy start, Trade and Earn, and Whale trader sections allow you to monitor the current volume reached within the chosen task on all of your margin trading accounts. Cryptocurrency futures enjoy a variable leverage system up to 1:200. PrimeXBT has traders from over 150 different countries. To deposit Crypto, click the ‘Deposit’ button on the Main page. The leverage that is available with each trading platform is generally displayed in the form of a ratio, which shows how much your capital will be multiplied by when using the borrowed funds. WMA: Bitcoin Drops Below $66,000 as the Market Takes a Dip. Prime XBT Blog Has Moved To — primexbt. Date of experience: October 18, 2020. Also, very important is to make sure that your stop loss will be hit before your liquidation price.

Why trade Forex with PrimeXBT

Also, its “turbo” trading option allows you to make short term price predictions. Next, click the ‘Close Strategy’ button. PrimeXBT is quite transparent with its fees. PrimeXBT furnishes users with the necessary data to track account activity. Ever feel lost trying to figure out the ups and downs of the market. Here are the current withdrawal fees at PrimeXBT. The platform allows users to tailor their trading dashboard to suit their preferences, ensuring that they have quick access to essential tools and information. Works like a limit order but instead of opening trade the conditional order automatically closes a trade when price triggers it. Disclosure: We are reader supported. ‘Going long’ implies a gamble that the price of an asset will rise whereas ‘going short’ implies that you bet the price will go down. It also gives them the ability to reach out to customer support right there in Telegram. If you are still unable to find the email, please whitelist. Another mark of trust can be found in the star rating that each account receives. Returns or profits may be subject to capital gains tax. Prime XBT provides market access to investors. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. With PrimeXBT, there are plenty of ways to keep ROI high, protect capital, and earn passive income. Totally FRAUDULENTI registered as an Affiliate. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. Successful projects at the start are dime a dozen in the cryptocurrency space, and this is pointed out by how many successful ICOs are now broken.

❓Is PrimeXBT allowed in the US?

The web version of the platform is available on all browsers and does not require downloading any software. A part of the validator’s rewards and part of the transaction fees and slashing a penalty paid by a validator that acts maliciously or incorrectly are channeled into the treasury for its replenishment. This PrimeXBT review covers the services provided, including its trading platforms, copy trading tool, mobile app and supported countries. Last updated 2 months ago. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. Deposits and Withdrawals. Any position closed before 00:00 UTC will not be subject to overnight financing. Date of experience: December 18, 2023. Non Default Settings. Asset: trading instrument;. In addition, PrimeXBT fees are different for both market and limit orders. This will allow the trader to define specific levels for entries and exits. Awesome didn’t believe it until I was able to withdraw. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, vezi detalii Lithuania. The current market price per XLM coin is roughly $021. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. Below is a step by step guide on how to enter a position with leverage on PrimeXBT. Our all in one trading platforms were built. CME Group and the Chicago Board Options Exchange were the two primary companies and exchanges to introduce Bitcoin futures in 2017 at the end of the bull market and peak Bitcoin fever back then. Remember, while leverage can magnify your gains, it also increases the potential for losses. PrimeXBT currently offers a $200 welcome bonus on your first deposit on the trading platform. This review will explain why PrimeXBT is a revolutionary crypto futures platform. Get paid between $40 $1,250 for every qualified trader you introduce to the PrimeXBT platform. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. The fees are fixed at 0. Regards,PrimeXBT team. Chill Reptile has financial relationships with certain merchants mentioned. These bots make it easier for a trader to keep track of the price movements and opportunities that increase the chances of profits. The timeframes will vary for different currencies as well as blockchain congestion.

Yield Earnings

Just go to “My Strategies” tab, and click on “Open new strategy”. Ethereum network ERC 20. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. The bonus cannot be withdrawn, traded, or used to cover fees, it can only be used as additional collateral for margin trading on the PrimeXBT platform. Stop orders emerge as indispensable tools that empower traders to navigate the unpredictable waters of financial markets. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. But when the platform you’ve been trusting comes on top with such scammy behaviour, it will be nearly impossible to trade successful let alone earning big amounts of money. Depositing funds on PrimeXBT is really simple, though the only accepted currency is Bitcoin. Day Trading StrategiesCrypto Day Trading Platforms. To review the markets and place orders, traders should go to the “Leveraged Trading” section. To deposit PrimeXBT supported Crypto held on an external wallet, go to the Main page,. Polkadot can be worth buying, but it’s like the rest of the cryptocurrency market; it’s very speculative. Pro Tip ✔️: Use a block explorer to monitor the confirmations. 025% fee for market markers. PrimeXBT stands out as one of the best leverage crypto trading platforms in the industry. Running an account with just five main assets as deposit options creates a borderless trading exchange to all countries with an internet connection. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. There is also the additional option of multi factor authentication, provided by Google, requiring both the account password and a personal smart device with the Google Authenticator app.

What is PrimeXBT?

Established in 2018, PrimeXBT Trading Services Ltd PrimeXBT has emerged as a versatile online exchange platform, catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. PrimeXBT is a Bitcoin based margin trading platform. Fees vary depending on purchase type. With a current price of $0. These products are not suitable for all investors. Com or you can contact us in the chat room on our website. You may have to give government ID and address proof of your region. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. 5 for PrimeXBT and 3. The main advantages of a certain crypto exchange. This unregulated status may ring some alarm bells, but customer reviews are mostly positive with few complaints of the broker not paying out returns. In my honest opinion Primexbt looks like a good option for those who holds Bitcoin and wants to get a hassle free access to worlds markets – commodities, metals, indices, forex etc. 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. This site contains affiliate links to products/services. PrimeXBT offers custom/adjustable leverage. Prime Technology Ltd is PrimeXBT’s Technology Provider. We strongly recommend enabling 2FA on your email account. Whatever you use as a system, be it technical, fundamental, or more likely than not, a combination of both, it is crucial that you do what is known as backtesting. By minimising both upfront and ongoing costs, traders retainmore of their hard earned gains to enhance overall performance. Users can trade long or short, with margin. Stacking up losses isn’t fun or sustainable, which is why many traders throw in the towel after only a short time trading. With PrimeXBT, you only have to pay attention to the performance of your portfolio – and you can do it from anywhere in the world from a free mobile app for Android and iOS devices. Bitcoinsensus will not be held liable for any of your personal trading or investing decisions. While competing exchanges offer rebates for market makers, PrimeXBT is an STP broker and always pays for order execution at the liquidity provider.

Jul 29, 2021

The platform’s focus on user friendly navigation, comprehensive market research, and robust security measures further underscores its commitment to providing a reliable and versatile trading environment. Global Markets Margin trading accounts provide only Cross margin system, while Crypto Futures trading accounts provide both Cross and Isolated margin types. There are several Bitcoin trading platforms offering higher leverage. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. It’s all about hype when it comes to Dogecoin pricing and many investors in Crypto markets aren’t ready for the potential price drops. We should note that PrimeXBT has earned an excellent reputation among the crypto trading community. There’s no way to truly know, but most analysts believe that Stellar will be worth significantly more than it is now. Chainlink uses advanced cryptography to ensure data privacy and prevent tampering when transmitting information on chain. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Please note that PrimeXBT reserves the right to initiate KYC verification procedure in certain situations. Given the nature of isolated margin, where only a set amount of funds are allocated to support a specific position, higher leverage would mean greater sensitivity to market fluctuations. Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. Now, it is time to move onto the bells and whistles of a platform, including things like referral programs and affiliate marketing programs. New users can also get up to $50k in sign up bonuses when they sign up using our Coin Bureau link. NZD/CAD is The New Zeland Dollar traded against the Canadian Dollar. A strategy is a pool of a trader’s personal funds which are visible to the public and can be followed by other customers on the platform. These cryptocurrencies can be traded against various other assets, including other cryptocurrencies, traditional fiat currencies, commodities, and stock indices, depending on the trading pairs available on the PrimeXBT platform. Bybit: Since several years, Bybit is among the most popular Bitcoin and crypto trading platforms with high leverage. PrimeXBT is encrypted with SSL protection and will protect your data. We have watched Bybit go from a small insignificant exchange to one of the largest, most trusted and reputal exchanges in the space, one that we are fans of nowadays. This is a very dangerous thing to do because it will take very little for the position to move against you and force a liquidation. Support is available through email and a live chat system, which was pretty fast. Technical analysis can be a powerful tool. Returns or profits may be subject to capital gains tax.

Why did Dogecoin surge in 2020 21?

In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Gas prices are derived. Examples include the equitable distribution of non fungible tokens NFTs, gamification of personal savings, and adjustments to Cryptocurrency token supplies. Don’t trade against the trend. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. After the price of Bitcoin reached $15,000, a bottom was put in, and Bitcoin price began to stabilize. Safety is by far the most critical aspect of any trading platform. Users can trade long or short, with margin. Prime Technology Ltd is PrimeXBT’s Technology Provider. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. PrimeXBT is a multi asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. PrimeXBT is a good broker which has plenty to offer: intuitive and innovative trading platforms, competitive leverage rates, and a new covesting module that is attractive to experienced traders and beginners alike. You place your trade above or below the current price and then wait for it to get triggered. And if you see potential in markets other than crypto, like stock indices and forex trading, you will be able to swiftly pivot your crypto funds with PrimeXBT. Chart features include. To deposit Crypto, click the ‘Deposit’ button on the Main page.

Company

Now, you’re also ready to claim your 50% Bitcoin deposit bonus. This will change and fluctuate on liquidity as well, as sometimes the markets have much more volume than others. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. Any withdrawal of your own funds from Trading account to Wallet will automatically remove the full amount of Bonus provided. These timeframes will vary for different currencies as well as blockchain congestion. Dear MailenThanks for your high score, PrimeXBT appreciates your opinion and feedback. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled. We use cookies to improve your experience. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. Apart from BTC, traders can choose from a variety of big altcoins that can be traded as well in the form of CFDs. PrimeXBT beats all competitors. Leverage reflects the ratio of personal funds required to open and maintain a position in comparison to the size of that position. Prime XBT only offers one account to serve users. AXS is a governance token of Axie Infinity — a blockchain based trading and battling game that is partially owned and operated by its players. Users get the best of both the traditional finance and crypto worlds by copy trading other successful traders, creating Covesting strategies, and earning additionally from their followers, Covesting yield accounts, and trading with crypto leverage. Clients can place trades and manage orders directly from charts, powered by TradingView. All prizes are in the form of trading bonuses, which traders can use as margin to open positions in actual margin accounts. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. PrimeXBT has one of the simplest fee structures among trading platforms. There is charting, easy order execution, and account management. At some brokerages, investors may be held liable if outstanding balances aren’t paid up and settled. The liquidation price will always be met before the price reaches the “bankruptcy price”, as shown in the image below. Once you send clients you will get less than 0. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security.

Trading Bots

If you have some sort of store, or sell goods or a service, you could always offer a payment option in Bitcoin or another cryptocurrency, The benefit of this is that you can open up your payments to be more global as there is no border on where you can receive cryptocurrency from. You might also like: PrimeXBT Review. Now that you have learned how to buy Bitcoin, the next step is making your first deposit on PrimeXBT. This means that you can limit the margin that one position can use from your account, and limit the exposure. For forex and commodity trading the limits are much higher and you can trade with up to 1:1000 leverage. If you anticipate a market decline, you can buy a short position and profit from it if it does come true. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. Stars are awarded to traders only if the strategy brings profitability above zero. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Once the transfer has been confirmed, the equity on the margin trading account will change to reflect the new balance. Positions closed before the start of a new trading day 00:00 UTC will not be charged at all. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. They are trading against their customers. This method can allow positions to survive longer against adverse price movements, but at the risk of potentially wiping out a much larger portion of the trader’s account. This product allows for users to predict the movement of the price of a certain asset over a duration of 30 seconds, one minute, or five minutes, and to profit when their call is correct. Satrix40 STX40Alt X IndexWall Street Index DJIAFTSE 100 Index UKDAX Index GermanyNikkei Index Japan. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Trading with leverage may lead to the multiplier effect for the Profit % of Strategy. However, as they held past that point, they gave up massive gains. Because that is the minimum deposit required to access PrimeXBT, we decided to keep the minimum for Covesting low to encourage users to take full advantage of the platform. While all attempts are made to present accurate information about products, they may not be appropriate for your specific circumstances and information may become outdated. Meaning, if you put 1 BTC to trade on PrimeXBT, you will get an additional 0. PrimeXBT, however, was launched during the 2018 crypto winter and helped traders survive the frigid environment at the time. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. Binance, the world’s leading cryptocurrency exchange, has appointed its first ever board of directors. 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. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. We test and verify PrimeXBT coupons everyday just to make sure that you will always save a ton of money at PrimeXBT. They wish to hide proceeds from creditors, employees, or spouses. This means that someone may have obtained your account’s credentials.

US dollar

The stakes are equally high for crypto assets that want to be spendable. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Readers should do their own research. Each of these platforms has survived several bear markets and is some of the strongest brands in the space still standing today. To receive a full five star rating, accounts must perform five distinct actions. The 10 Best Trading Central Forex Brokers – Rated and Reviewed. Since it is web based, it does not require you to download anything or make any installations on your computer. Navigate to the “Accounts” section of your account and select the ETH,USDT, USDC or COV Wallet to link with your MetaMask wallet. Navigate to the ‘Margin’ page and select the “Account’ section. It is an exciting time in the Cryptocurrency industry. Trade fee is incurred each time you buy or sell assets on the market i. The intuitive order forms and charts allow fast order execution. You can buy cryptocurrency directly from the platform which can be used as collateral or for spot trading. Our website uses cookies. We found that PrimeXBT lets you buy cryptocurrencies and trade assets with deposits made via bank transfer or cards like Visa and Mastercard. In order to reduce the possible negative impact of breaking news on your trades, you should actively manage your trades and always use a stop loss.

4 5

Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. If you submit your withdrawal request before 12:00 UTC, it is typically processed on the same day. At PrimeXBT, we offer 200 times leverage in the crypto market, 1000 times leverage in the Forex market, up to 500 times in the commodity markets, and 100 times leverage in indices. On the other hand, if the market were to drop down below the $0. The more knowledge learned, the more it can be applied in real world global financial markets. For illustration purposes, we open a long position. After a flow and ceiling level has been established, a trader can know the right time to create or exit a position. 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. There are hundreds if not thousands of opportunities to place profitable trades every trading session.

Grab Binance $600 Bonus

So ZIGDAOs model more closely resembles copy trading, than other providers that create and share their crypto signals for a price. However, note that for isolated margin trading, you cannot access the full extent of leverage for your assets. “Qty”, stands for the number of contracts that your position is worth at the time of opening it. This motherfuckers steal my money what can i do. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. However, there is no telephone or offline support which may be frustrating if you have a complex issue. Please contact for individual trading conditions. 76$ it dropped to nearly 0. However, KuCoin is still lacking beginner friendly features, like demo accounts and copy trading. By clicking Continue, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. 6️⃣ Click the blue ‘Deposit’ button to continue. According to Coinglass data, open interest OI in Litcecoin futures rose to a peak of $707. This site is using Cloudflare and adheres to the Google Safe Browsing Program. This is because they are one of the few exchanges that do not complete KYC or AML checks on their traders. The code is valid for Resend OTP. If you choose to sell, then you’d have made a $5,000 profit from your original $100,000 investment. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. Notably, PrimeXBT has recently introduced base metals to its selection, ensuring that traders have an extensive array of assets to choose from, catering to various investment strategies and risk appetites. At its core, PrimeXBT stands as a comprehensive trading hub, particularly noted for facilitating the trading of popular cryptocurrencies against the US dollar, including key Bitcoin BTC pairs. With its extensive asset selection, perpetual swaps, sliding margin mechanism, and advanced trading tools, the platform provides a robust trading experience. Alternatively you can complete this step directly in the ‘Account’ section of the ‘Margin’ page. 00001 to an all time high maximum price of $0. Please make sure that the form is filled correctly then press ‘Send Order’ to confirm the order. Try their Twitter or Telegram where the latter can be reached from the Telegram Bot. Find out how we combat fake reviews. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No.