PrimeXBT Review: 100x Leverage With Advanced Trading, Charts, and Passive Income

I have been using the contest accounts for 3 months now and I believe it’s time for me to leave this PrimeXBT review here. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Select a Country Afghanistan Åland Islands Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Caribbean Netherlands Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos Keeling Islands Colombia Comoros Congo Brazzaville Congo Kinshasa Cook Islands Costa Rica Côte D’ivoire Croatia Cuba Curaçao Cyprus Czechia Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guatemala Guernsey Guinea Guinea Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macao Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Korea North Macedonia Norway Oman Pakistan Palau Palestinian Territories Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Qatar Réunion Romania Russia Rwanda Saint Barthélemy Samoa San Marino São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon Islands Somalia South Africa South Korea South Sudan Spain Sri Lanka St. Risks associated with technology: Cardano is a sophisticated blockchain platform that seeks to offer a safe and expandable infrastructure. If you need any assistance, feel free to reach out at. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. On the other hand, there’s a flat 0. But my biggest peeve is the spread. PrimeXBT does not have hundreds of crypto assets like most exchanges. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. PrimeXBT offers a variety of deposit options. Date of experience: December 14, 2023. We also have one of the largest forex chatrooms online. 12 milliseconds, reflecting a commitment to executing trades promptly.

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If you are still concerned, you can always make use of our other reviews to find higher quality customer support teams. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. Slippage is the amount a price moves away from the intended entry. We’re happy to hear that you find our platform user friendly and helpful, especially as a beginner. 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. Furthermore, it’s also worth noting that many other ecosystems are built on top of Ethereum. Newcomer sets a new benchmark and. PrimeXBT does not charge fees for Crypto and Fiat deposits. PrimeXBT is a leader in the crypto trading world for its low fees and clear pricing. If you want to trade cryptocurrencies, you need to use the following tips. All you need to have is an email address and a password. Most traders in the cryptocurrency market enter and leave their position within a single day. Profit from the markets by following the experts. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. 💡 No strict minimums. The “Buy and Convert” feature is a really easy way to trade crypto as it involves exchanging one crypto for another, without the need for a trading chart.

Key Takeaways

2024 00343, having its registered office address at PKF Corporate Services Ltd. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Now, we have customized the trading interface a bit, and that’s how it looks like. If the issue persists, contact customer support PrimeXBT 新加坡 with the transaction details for further investigation. They are registered in Seychelles and have offices in St. ByGrace AshiruSeptember 17, 2024, 2:43 pm. There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow. 6 BTC position, you would take away a profit of $4,000. If the app is unavailable in your region, you can still access it through direct download from our site. PrimeXBT is an acceptable choice for day traders. Getting started with crypto can be hard. Investors everywhere seek to cash in on the excessive volatility of digital coins and assets despite the proportionately high risk they involve. Separately, under its covesting module, PrimeXBT offers a “staking” option but it is NOT interest earning.

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The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills in cryptocurrency trading in order to increase the contest deposit. These tools allow traders to analyze market trends, identify patterns, and make informed trading decisions. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Dear Martin,We’re glad to hear you’re enjoying the seamless payment process and pricing on PrimeXBT. PrimeXBT presents an interface that’s both customizable and user friendly. 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. Proper preparation through technical analysis is also a risk management strategy. Information written by the company. While such high leverage amplifies potential profits, it also heightens risks. This is why it is such an important criterion for us when we complete these reviews. Dear Otnayir,Thank you for your positive feedback. To do this you need. The platform charges no commissions on most traditional assets, providing a cost effective trading environment for traders seeking exposure to traditional financial markets. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. Polkadot, a protocol that allows data or assets of any type to be transferred between blockchains, making a wide range of blockchains interoperable, with its DOT token serving a utility purpose. This option is designed to make the platform accessible, allowing you to begin trading with a relatively small amount of capital. A $100 investment in Bitcoin may seem like very little, but it is an excellent start to getting involved in. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. 1%, and variable overnight swap fees tailored to each asset. Offers state of the art tools that allow detailed analyses of markets. Optional KYC and a demo account for practice are also available. It serves clients in over 150 countries and has over 100 trading assets available. We offer impartial reviews of online brokers that are hand written, edited and fact checked by our research team, which spends thousands of hours each year assessing trading platforms. 4️⃣ Paste the code and voilà.

How to short on PrimeXBT?

9 USDT for every 8 hours. It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. It is more or less used as a trading vehicle than anything else. All it takes is one super popular project and suddenly everyone will flock to it out of FOMO. However, there are some regions where PrimeXBT does not accept users, including. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. Here’s our detailed analysis of the futures trading experience. It needs experience too in order to know how to move and react in an ever changing arena. Today is intended for informational purposes only. Information regarding past performance is not a reliable indicator of future performance.

Restricted Countries

These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Deposit or buy your favourite digital assets in app and use them to trade 100+ markets including Forex, Indices, Commodities, Futures, and more, all in one place. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. 1%, and variable overnight swap fees tailored to each asset. The correction trend continues into 2028 with Cardano recording a low, average, and high price of $3. PrimeXBT does not offer investment advice, consulting, or portfolio management. 071 USDT in trading fees. 1 Turbo prediction interface – change chart settings and make predictions. And 11 tradable indices. Start buying Crypto or trading Crypto Futures, CFDs, and more today. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice.

General Reliability

It is a simple thing, but customizable dashboards are highly sought after. Price trend can be any direction leading to the chart pattern. 100% of users recommend this product. However, there’s a demo version for new users who are unsure about using the exchange. Web Trading Platform Copy trading module. It is not a PrimeXBT copy trading review, but rather, it has a more overarching focus. You can use the futures platform to monitor the markets and your existing positions, with the ability to adjust your Margin Type, Leverage, Stop Loss, and Take Profit levels. After registration, you will go to the Personal Cabinet with the trading platform, where you can. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. You will see a message stating that you agree to the processing of your personal data in accordance with the regulations of the exchange. Furthermore, the overall best way is through the CFD markets to benefit from pure price action. 400 UNI tokens were awarded to any users of the platform that connected and Ethereum based wallet to Uniswap before the end of August. On PrimeXBT, you can trade futures on popular cryptocurrencies, including. With the ability to take both long and short positions, traders can capitalise on price movements in either direction, increasing their potential for profit. Additionally, consolidate withdrawals to reduce fixed fees. If a position is leveraged 100 times, a 1% move in the right direction would result in a 100% gain, but a 1% move in the wrong direction could result in a 100% loss. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

How to Activate the Fee Reduction Bonus?

Users also have the ability to email support at. The RSI is on a bearish. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Bitcoin was created by Satoshi Nakamoto, whose identity is still not known to this day. The update sought to increase scalability, accessability and throughput of transactions. Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Transfer the whole amount or part of it to any of your trading accounts at any time by clicking ‘Redeem Rewards’. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

How does web trading work?

PrimeXBT doesn’t offer a dedicated phone line for emergencies. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Crypto KYC, or Know Your Customer, is a legal requirement for centralized exchanges to verify the identities of their users. In addition, the website states that the exchange does not attract customers from the UK and EU, however, does not prevent residents of these regions from registering. Trade volumes of $700,000+ CFD and Crypto Futures. Bitcoin was first created in 2008 during the Great Recession and economic crisis. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Depositing is easy and friendly. Pro Tip ✔️: Use a block explorer to monitor the confirmations. Most reputable brokers offer both spot and futures trading, allowing you to set up your strategy across multiple time frames, which in turn increases your chance of success. Moreover, the fee changes based on the network, such as withdrawing USDT will cost you 10 USDT as an ERC 20 token and 0. Explore PrimeXBT’s demo trading feature for risk free practice. Cryptocurrency exchange PrimeXBT is a multifunctional platform for trading cryptocurrency. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and potential challenges of using PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. If you forget your password, use the “Forgot Password” link on the login page to reset it. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. All the complicated tax calculations are automatically done for you. Congratulations, it is only a few clicks and a few minutes of your time. 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. $20,000 or equivalent for unverified users. Before placing your Bitcoin trade, it’s important to decide how you want to trade Bitcoin. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. This crypto exchange is integrated with top exchanges such as Binance, OKX, and KuCoin, allowing you to use its widget immediately. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT offers competitive trading fees, charging a low 0.

Trader task

He joined NCB Capital Markets in 2013 to lead the firm’s regional private equity investment initiative. Opening a long will result in profits if the asset does indeed go in an upward direction. Copy Trading is a prominent feature, where investors can replicate the trading strategies of top traders, adopt portfolio trading strategies, or develop their own strategies for others to follow. Additional terms may apply to free offers. Go to Settings > Security and enable Install from Unknown Sources if prompted. For withdrawals, BetChain maintains a commitment to fast and secure transactions. Below is an example of a futures contract on PrimeXBT. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Average commission compared to competitors. Our Help Center is always here if you need any guidance. Open the downloaded file and tap Install to complete the installation. It’s an easy to use trading platform, with investors investing across 2300 instruments, including popular cryptocurrencies, CFDs, Forex, and exchange traded securities. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Unlike many other cryptocurrencies, XRP was not created to replace traditional financial systems but to complement and improve them. Kraken offers margin trading at up to 5X leverage even for US investors and several other margin offerings, while PrimeXBT offers up to 100X margin for only international users no KYC needed but not for US users. I got caught yesterday in a very expensive 25x position on a short sell. Traders can build a diverse portfolio of long and short positions across any assets, manage risk with stop losses, or set levels to take profit after performing technical analysis with the built in charting tools. Here are our top two reasons. 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. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities.

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The file is verified secure by PrimeXBT. A platform with both advantages and limitations. Dogecoin almost reached it recently, reaching its maximum price of 75 cents per DOGE. Safety and stability are the only things that matter when I trade. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Nobody truly knows how much Ethereum will be worth in 2025, but most analysts believe it will be worth more than it is in 2022. Top Notch Brokerage Verification was fast Support respond almost instantly Withdrawals are processed in less than 5 minutes sometimes upto 20 minutes Very transparent bonuses and promotions i withdrawn 2 timesBut the CFD web interface need improvement. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Commission rates for cryptocurrencies are competitive at 0. Technical analysis usually involves implementing a wide range of tools and indicators. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries. The current Toncoin developers have promised a long list of privacy focused features, including VPNs, DNSs and ways that allow users to buy Toncoin, sell it, or store it in a secure and anonymous way. This isn’t a simple yes or no answer; it is about your investing horizon. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. The next step in trading Bitcoin is to set your stop and limit orders. I have proof as i did some testing. For detailed information see our guide here. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. The reader is fully responsible for any investment decisions they make. 1% of the required capital to open a position. On the left side, you will see the watchlist. Traders benefit from stringent security measures like mandatory address whitelisting, two factor authentication 2FA, and SSL encryption. The app is available for both iOS and Android devices and provides access to all the trading tools and features available on the web platform. Copyright 2021 © Designed By AMANi Art. If you’re wondering how to report crypto futures trading on taxes, you can read our article covering crypto tax rules around the world for 2024. Open the downloaded file and tap Install to complete the installation. Questions about our services. Covesting acts as a copy trading module of the PrimeXBT cryptocurrency trading platform. However, insurance coverage is still rare within the crypto industry. By using a CFD, you and a counterparty agree to settle the difference in value once the trade is closed.

Unlocked: Crypto Handbook!

In addition to supporting cryptocurrencies like Bitcoin, Ethereum, and more, PrimeXBT also offers trading opportunities in traditional financial markets, including forex, commodities, and indices. The platform has provided the option to add a range of different widgets for trades. PrimeXBT offers the following products and service. You’re ready to secure your profit, so you buy back 10 BTC at $7,354. Register an account and confirm your email. These products are not suitable for all investors. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. These rates are among the lowest in crypto trading, making PrimeXBT a good choice for traders holding positions for a while. The Forex markets also focus on national currencies, meaning that there aren’t as many securities to follow. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Note that registration on the site is very fast, no verification is required, so you will be able to start trading cryptocurrency almost instantly. Others say it is akin to investing in a piece of the internet during the early dot com days, if the internet was an asset like Bitcoin is. A trend trader wants to buy weakness during uptrends, and strength during downtrends. Prime Technology Ltd is PrimeXBT’s Technology Provider. It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts.

Worse

Our KYC/AML policies include industry standard financial monitoring procedures, enabling us to identify any activities that may necessitate additional CDD review. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. On Balance Volume can be used to detect trend changes before they occur. Similar to Perpetual Swaps, CFD lets you profit from the price movement of an asset. It appears they sustain their business by taking from their clients. Thank you for your feedback. Since COV is an ERC 20 token, you can store it on just about any cryptocurrency wallet which supports Ethereum based assets. This minimized my losses and still only cost 0. This process is simple and supports various cryptocurrencies. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Moreover, the platform runs regular tests and check ups and evaluates IT security measures to remain informed about emerging potential risks. 🔗 Dive into PrimeXBT today and unleash your trading potential. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Of course, there is no such thing as free money.

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Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Recently Added Categories. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. These include regulatory news, such as China banning crypto again. The complex interface is unsuitable for inexperienced traders. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. When using live chat, I usually received a response within 2 minutes. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. No, US citizens cannot use the PrimeXBT account as the platform restricts access to its services for users or residents of the United States of America. PrimeXBT is a reliable platform with competitive fees, advanced features, and a strong security record. Dogecoin price movements are more often than not fueled by speculation, “hype” or often both. Instead, any funds traded on the platform are locked in multi sig escrow, minimizing the possibility of theft and reducing trading time for users. Unlike most exchanges today, KYC verification is optional on PrimeXBT. Learn more about Baksta’s Legal Terms. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. In order to maintain the list’s accuracy, we conduct a weekly review to ensure it is as up to date as possible. I believe that blockchain technology can build a brighter future and am excited to be part of it. 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. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. The one good thing I can think of that the CFTC has over the ESMA is that they do allow 50x leverage in Forex, whereas in Europe they only allow 30x. However, there are several areas where the broker lacks and needs improvements, including. These lines exist based on the natural placement of buy or sell orders by market participants, and the raising or lowering of stop loss levels, or where natural profit taking may occur.