PrimeXBT Review – Margin Trading FAQ

Welcome to the PrimeXBT affiliate program overview. Thank you for your feedback and for trading with PrimeXBT. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Scan this code to download app. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. I also like that they have 24/7 Customer Support and their chat agents are very knowledgeable and very friendly. This means that user funds cannot be sent to a rogue address in the instance where an account is breached.

Risks and advantages of Crypto leverage trading

Do not stray conversation far from the post you’re commenting in. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. Kate Leaman is a well known face in the world of financial news. The withdrawal process on PrimeXBT typically takes between 24 to 48 hours. Ask your question in the comments below. Another instrument gaining traction in derivatives markets is the concept of leveraged tokens. Telegram Announcements. Your satisfaction is our priority. Once you confirm your email, your account will be activated. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 2% fee per trade plus a 0. PrimeXBT delivers a robust trading experience with its advanced platform, high leverage, and wide range of assets. Io, our team exclusively suggests products and services that align with our own preferences and that, in our assessment, will bring benefits to our readers. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. The broker keeps client funds in segregated accounts and ensures negative balance protection. 07:00 am to 16:00 pm UTC. 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. The creators believed that the power of collective decentralisation can establish a more solid foundation for a project that any centralised team. My experience with PrimeXBT’s customer support was mixed. READ FULL IF YOU’RE NON MEDIUM MEMBER. I also observed the safe and quick process of PrimeXBT Supported Countries payments, so it makes clear that this broker can be trusted 🔐💰I`m not talking about trading conditions, it depends on the trader`s perspective🤔. The withdrawal fee on PrimeXBT is 0. It has materials about what Bitcoin is, how to use algorithmic trading, how to read a Japanese candlestick chart and much more.

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Once your order is placed, you can monitor your open positions and use risk management tools like stop loss and take profit orders to manage your trades effectively. Date of experience: September 05, 2024. PrimeXBT Trading Services, S. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. As a non custodial platform, dYdX leverages smart contracts on the Ethereum blockchain, giving users full control over their assets while trading. Requests submitted before 12:00 are processed on the same day, and after 12:00 are postponed to the next day. These products are not suitable for all investors. Understanding these aspects is crucial for navigating PrimeXBT effectively and optimizing your trading strategy. Comments: PrimeXBT is one of the best crypto exchanges I have ever worked on. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. The broker also provides platform tutorials on its YouTube channel. Polkadot is a next generation network that aims to solve the problem of blockchain interoperability. When Mark Cuban and Elon Musk tweeted about Dogecoin in 2021, it received much attention and saw a rise in value. To deposit Crypto, click the ‘Deposit’ button on the Main page.

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If your withdrawal requires manual review due to a suspicious activity alert, additional fees may apply. PrimeXBT offers a wide range of asset classes, including cryptocurrencies, forex, commodities, and indices, that can be shorted. 📱 Dive into PrimeXBT’s trading app for access to 100+ markets with trades starting from just $5. PrimeXBT offers a variety of promo codes, each designed to provide different types of benefits. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. They employ a long trade strategy with leverage, essentially placing a magnified bet on Bitcoin’s price increase. PrimeXBT supports trading Crypto, Forex, Commodities CFDs, and Indices CFDs. The regulatory framework is different among countries, and it is always important to assess your country’s regulations to ensure that you do not fall into legal trouble. Leverage determines a trader’s overall market exposure. This comprehensive guide will provide detailed insights on how to invest in PrimeXBT effectively. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Information regarding past performance is not a reliable indicator of future performance. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. KuCoin review compared to PrimeXBT. I don’t know about manual trading with the broker, but PrimeXBT copytrading is a great feature. These fees are generally avoidable with careful account management and awareness of the platform’s policies. To put this in perspective, if you decided to buy Bitcoin in early 2017 when it started getting mentioned in mainstream media and was valued at $1,000 USD and then sold it a year later you could have walked away with as much as $19,000 USD of pure profit. I consider the chart screen to be a platform’s most critical feature, enabling technical analysis and providing a clear view of price action. According to the FAQ section on their website, PrimeXBT imposes a 24 hour withdrawal limit of $20,000 or its equivalent in other currencies per account. Now let’s swing over to the PrimeXBT trading interface. Sublime also offers people that trade the crypto market three tiers of engagement, all them offering crypto signals, scalping signals and multilingual VIP chat. Dear Dalil,Thank you for sharing your trading experience. Depending on your device, the steps might slightly vary. In the next section of this PrimeXBT review, we will look at the key features of the platform. 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. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. PrimeXBT supports credit/debit cards, cryptocurrencies, and Volet for all traders. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No.

Translator and Proprietor

PrimeXBT lets users deposit crypto directly from their wallets. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Coinbase however offers a far more extensive selection of spot crypto coins. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. The current maximum Dogecoin supply consists of 126,480,303,952 DOGE tokes. For our trading test, we thoroughly evaluated the PrimeXBT platform. Below are the popular trading strategies for trading cryptocurrencies. Don’t trade against the trend.

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Angrily going back to trade – called revenge trading – can lead to substantial losses, due to letting emotions get the best of you. PrimeXBT has an advanced trading system and displays efficient tools for analyses, this is really helpful for trading. Investing in a crypto index provides long term exposure to the crypto ecosystem with relatively low maintenance costs. Scan this code to download app. Ready to explore the future of trading. 1% per transaction, Binance offers a 25% discount when paying fees using BNB. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. 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. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. However, there were a few areas of disappointment. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. They also offer a variety of trading tools such as long/short trading, Bitcoin leverage, and charts for crypto, forex, stocks, and commodities. The permitted cryptocurrency deposit options are Bitcoin, Ethereum, Tether, USD Coin and Covesting. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. 1012 early in December of 2023. This guide will help answer important questions like «will Dogecoin ever be worth anything. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. 1M+ community members. Earn up to 75% of profits as a follower, while providers benefit with up to 20%. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Other exchanges such as Kraken and Swissborg offer more beginner friendly platforms, so feel free to check those out if that’s where your level is at. 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. This type of candlestick chart analysis can help traders understand where to place limit orders for entries, or stop loss orders in case the market goes against them. Featured SA Shares Writer and Forex Analyst.

PrimeXBT Spreads

After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. An example of a cryptocurrency is Bitcoin. It’s great to know that you found our platform through reviews and articles and decided to start your trading journey with us. In a flash, though, gains were wiped out, and the coin crashed back down to around $80 at its low point. Notably, there are no trust scores from CoinMarketCap and CoinGecko. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. This is especially true in the stock market. Bitcoin, the world’s first and most popular Cryptocurrency, has always been a topic of great interest and speculation. While margin accounts have a potential for higher returns than a typical cash account, they do come with a substantial downside risk due to the leverage involved. Some products and/or services might not be covered by the Compensation Fund. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. Super happy I found ‘em. Bernie Madoff, who allegedly defrauded thousands of investors, is another infamous example. All logins to your account are reflected in your Settings menu, under ‘Last logins’. Adjustable leverage from 2:1 up to 200:1 provides customised risk/reward. So, if you still are to begin trading on the platform, deposit the Bitcoins and enter the promo code to receive the benefit of this offer. Unlike most exchanges today, KYC verification is optional on PrimeXBT. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. Founded in 2018 by a former Google manager, Crypto Rand is now composed of more than five crypto and trading experts, that want to help you navigate the market and guide you when investing in STOs, seed rounds and equities. Apply today or share this post with your network.

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PrimeXBT’s mobile app, available on iOS and Android, provides fast and convenient access to the market anytime, anywhere. The platform can be a great incentive for further learning and developing trading skills. I also found the platform intuitive and feature rich, offering a massive assortment of analytical tools and chart configurations. Plamen’s favourite trading instruments include FX majors and gold. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. Click URL instructions: Right click on the ad, choose «Copy Link», then paste here → This may not be possible with some types of ads. Extremely bad weather, as mentioned above, can inhibit the production, the raw materials needed to produce, or the movement of the final product. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Candlesticks will show the performance of an asset within a given timeframe, and the pattern will change depending on the selected duration. Date of experience: June 30, 2024. The only thing the platform itself. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential.

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Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. However, PrimeXBT does not offer any alternative platforms. Over the last few years,. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Japanese candlesticks are a helpful tool for analysts, and contain a variety of information. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Hello Jabulani,Thank you for your feedback. 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. First impressions matter, right. Ethereum Name Service ENS. You can customize the calendar to see only the most important fundamental news with the greatest potential impact on the market. Trading involves risk. With the Fat Pig Signals VIP subscription, you can gain access to extremely detailed trading signals that are compatible with most major exchanges, strategies for portfolios, DeFi space opportunities, news coverage that may affect specifically the crypto market, recommendations for new projects and reviews of them. Leveraged tokens provide traders with leveraged exposure to the underlying asset, but are far safer than trading with margin as there is a low liquidation risk where traders can blow entire accounts. The automated systems scan the internet for new coupons, which are then verified by the team for their validity. While KuCoin and Binance remain the kings of crypto trading contests, what is interesting about PrimeXBT is that the trading contests are done with virtual funds in a demo account where traders compete against each other but can win real rewards like USDT cash prizes. Date of experience: July 28, 2019. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area.

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Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. In the next section, we will provide practical tips for maximizing your trading experience on PrimeXBT. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. All you need to use Changelly is a non custodial wallet like Exodus, Ledger, or MyEtherWallet and more. Signup bonuses amount: $2,925. This bonus boosts your available trading capital but cannot be withdrawn. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT is a multi asset, multi currency margin trading platform founded in 2018. 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. For example, there’s a futures grid bot that short sells CEL/USDT with 6x leverage. With PrimeXBT Copy Trading, just follow experts and copy their trades to start your trading journey. Users are able to engage in both cross margin and isolated margin futures activity. In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. Bybit claims that 100% of customer funds are kept in a cold storage air gapped environment, and the only funds exposed to hot wallets for customer withdrawals are the company’s own funds. Dean has an economics and startup background which led him to create Bitcompare. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. Though founded and registered in Seychelles, with offices in St. Our mobile trading app for Android and iOS is a multi asset platform, so you can trade CFDs on Crypto, Forex, and more. Our team of experts work to continually re evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

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Futures and conventional derivatives, CFDs. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. CoinCodeCap offers Telegram Crypto signals, which is the most popular method within the community. Trump’s announcement caused Bitcoin to jump 5% over the past 24 hours, bringing its market cap to $2 trillion while paving the way for a new institutional era for Bitcoin. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdictions in which You may be liable to pay tax. I opened an FX and CFD account with the PrimeXBT Trading Services Ltd entity and performed my tests on the web and mobile versions of the broker’s proprietary platform. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. From the moment I started using it, I knew I had found something special. This is because many more prominent money managers will leave the market after collecting hefty profits, as they don’t want to be bothered by unnecessary volatility. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. PrimeXBT empowers traders to go long or short with leverage. And just in case something goes wrong and the market behaves unexpectedly, you risk losing both your own funds, as well as the borrowed fund. PrimeXBT enhances user security through measures such as. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms.