Reputation And Reliability Review: PrimeXBT, ByBit, and Binance

Awesome didn’t believe it until I was able. 12 milliseconds on average. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. By voluntarily scaling back its mining operations to avoid a 51% attack risk, the company set a precedent for ethical behavior in the crypto industry. Only you can answer if Dogecoin is worth buying or not. Leverage trading amplifies both profits and losses. While PrimeXBT impresses with its wide selection of crypto CFDs and crypto futures, its overall instruments offering has a rather narrow scope. The order form also displays recent trades and order book data. 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. 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. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The global platform is available to customers worldwide, except for countries with service restrictions such as the U.

Amateurs Trading Contests on PrimeXBT But Overlook A Few Simple Things

Ultimately, mastering the art of stop orders requires a blend of technical knowledge, strategic thinking, and adaptability. Meanwhile, you casually collect your share of those profits without having to lift a finger or even watch the markets. BITCOIN BTC/USD: As the New Year unfolds, Bitcoin has begun emerging from its extended consolidation phase, reclaiming momentum and trading. PrimeXBT stands out in Prime XBT APK the trading industry with numerous awards for superior performance and innovation. It is also significantly more valuable already than Bitcoin, making it the most expensive crypto token in the entire market, just months after its debut. Affiliate payouts are made weekly through bank wire, bitcoin, or check. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. The EUR/USD pair is a popular currency pair to trade in the. Imagine a world where blockchain transactions happen instantly and without breaking the bank. 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. Readers should do their own research. 11 in 2026, which is a 309. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex.

PrimeXBT Review – Margin Trading FAQ

As a result, the investment will often look to those countries to expand. Placing trades on PrimeXBT is simple, with an easy to use order form. The reason to trade via leverage is to increase profit potential. However, ADA/USD has also been underperforming BTC/USD at the start of 2024. Sign up using our link below to receive $100 Welcome Deposit Bonus. The markets can suddenly move in one direction or the other, and it isn’t always favorable. Other people might use an indicator known as the Average True Range to determine how far the stop loss needs to be. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. Although our support team is on hand to assist you 24/7, our other departments have differing operating hours, which you can find below. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. Products crypto futures commissions●Products CFD Commissions. Io, in my opinion, is the leader in crypto copy trading. BitSeven, in contrast, focuses primarily on cryptocurrency derivatives, offering perpetual contracts and futures for major cryptocurrencies. 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. As outlined in our Phemex review, the cryptocurrency markets that can be traded without KYC include spot and derivatives, specifically USDM, USDT, and USDC settled contracts. The idea of course is that with these types of announcements, if the consumer feels strong, then they are much more likely to continue spending.

Written by Daniel Olafamoye

Make sure to always keep an eye on your balance so that you stay within the allowed limits. It is accessible via desktop and mobile devices, ensuring flexibility and convenience for traders. Go to Settings > Security and enable Install from Unknown Sources if prompted. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. In the end, it all comes down to personal preference, however, there are several factors that should go into selecting the best crypto trading platform for you. Today is not liable for any financial losses incurred while trading cryptocurrencies. 1 You can buy crypto straigth through them, no need to use shady exchanges. With professional tools including TradingView charts and limit orders like stop loss and take profit, traders can analyse the market, choose the best time to trade, and manage their risk, to protect themselves in the market. We also offer the option to withdraw money. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. It has come to our attention that several websites, as well as several social media accounts and online discussion forum accounts, have been posing as PrimeXBT or official PrimeXBT staff members with the goal of scamming users and stealing their funds. I like the exchange notification and notes whenever I open the software. Visit PrimeXBT Platform and get 35% on Your First Deposit. Your satisfaction is our top priority, and we’re glad you’re enjoying your time on our platform. Bybit does a fantastic job listing new and exciting project tokens quickly, often providing access to tokens quicker than many of the major exchanges. There are multiple benefits for users who want to take advantage of copy trading such as. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Continuous learning is key to becoming a successful trader, and we’re here to support you every step of the way. I love the trading platform and it is convenient to use. You must be logged in to post a comment. Traders should be cautious when utilizing leverage, as they will also be responsible for the losses of the increased position size. As written above in our PrimeXBT experience, registering on PrimeXBT is very easy and takes little more than 30 seconds. Traders can build out their dashboards that they can access on top of the platform. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0.

PrimeXBT Referral

There are other widgets that you can add, such as order history, order books, alerts, symbol library, account widgets, statement widgets, and many others. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. CFD stands for contract for difference. There are multiple benefits for users who want to take advantage of copy trading such as. 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. The amount of margin depends on the trading asset, for example. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Our website uses cookies. PrimeXBT emphasizes privacy and does not require KYC Know Your Customer verification for basic accounts, making it accessible to users who prioritize anonymity. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. It then slipped to $0. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. In order to do this, you will need to provide them with an email and password. Compensation Fund per user. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. PrimeXBT does not require KYC Know Your Customer verification for its users.

Withdrawal Fees

The fiat withdrawal process was straightforward but took a long time. Com is operated by PrimeXBT Trading Services LLC an entity that is not established in the EU or regulated by an EU National Competent Authority. Quick stats provides a brief overview of all commissions, impressions, sales, and clicks within a specified timeframe. I’ve spent a lot of time exploring Binance, known for its comprehensive tools and features for crypto traders like us. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Strategic Management Services. After all, one of the most important things to pay attention to is the risk involved. 01% for makers and 0. This website is owned by PrimeXBT PTY LTD.

What is leverage on PrimeXBT?

Regular profits due to beneficial conditions, low fees, tight spreads, and a lot of assets to trade. With its global reach, it’s available in over 150 countries. Learn more about Baksta’s Legal Terms. 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. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Depending on your jurisdiction, some products or services might not be available. Enter the promo code you’ve found or received into the designated field and click Activate. چرا که بهترین کار برای درمان قطعی سرطان سینه تشخیص زودرس این بیماریست. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The platform’s educational resources have also been expanded, providing traders with more in depth market insights and trading strategies. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Furthermore, it should be noted that short term XLM future predictions are extremely difficult, as the entire crypto market is struggling. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Betting it will stay in this range too. No deposit bonus still available. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction, as it had strayed from Satoshi Nakamoto’s vision of a digital cash system. This enables traders to hedge positions, diversify their portfolios, and take advantage of market fluctuations using leverage. Visit our Help Centre. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade.

Swing Trading: Acceptable Choice

Returns or profits may be subject to capital gains tax. The service is easy to use and the learning curve is not steep. However, depositing fiat currency requires KYC verification. Reply from PrimeXBT Copy Trading. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. PrimeXBT operates with embedded wallets within the exchange for each of the five specific cryptocurrencies supported: BTC, ETH, USDT, USDC, and COV. PrimeXBT Trading Services, S. 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. Como Gerente de Estratégia, demonstre sua expertise criando um conjunto visível de ativos que outros possam seguir. Information regarding past performance is not a reliable indicator of future performance.

How low are your fees for Crypto Futures trading?

The position size is 2 bitcoins. Have you found the right exchange. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. 2024 00343, having its registered office address at PKF Corporate Services Ltd. If you have any further questions or need assistance, please don’t hesitate to contact us at. Before you can start short selling on PrimeXBT, you need to set up your account and ensure it is properly configured. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. Stellar Lumens has several significant benefits that make the network and the crypto itself very attractive for large institutions. Here are 8 tips for writing great reviews. If the system does not perform well in those situations, it certainly will not be in live markets. Information regarding past performance is not a reliable indicator of future performance. 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. To trade with margin, users must fund their trading account after making a deposit to begin trading. When your referrals register and trade on the platform, you receive a bonus based on their trading activity. Our vision has always been to provide people with easy and immediate access to the markets, as well as all the education and tools they need to make informed decisions. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. They’re chill and professional, but sometimes you gotta wait a bit longer if you wanna talk to an agent instead of a chatbot. Make sure you understand the difference between Spot and CFD trading before getting started. Regarding the US, Bitget does accept users but with certain restrictions due to regional online limitations. PrimeXBT Trading Services, S. One of the crucial aspects of any trading platform is how quickly you can get your hands on your cash. Labeled Verified, they’re about genuine experiences. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. These advantages make PrimeXBT a competitive choice for traders looking for a robust, secure, and versatile trading platform. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. We have outlined the specific privacy protocols for our app as follows.

Privacy Overview

You can use a number of the crypto exchanges without KYC in this list to buy crypto without providing your personal information. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. Each program offers unique benefits catered to a trader’s specific needs — traders just need to select which program is right for them, then they will enjoy high conversion rates, and fast payouts from a number of financial services providers such as Skrill, ePayments, WebMoney, and more. In the table below, I have listed the maximum retail leverage available with PrimeXBT for instruments from different asset classes. While most Bitcoin traders forex are day traders, some of them prefer to buy and hold Bitcoin without much intervention in the trades. You can control and mitigate the risks and challenges associated with social trading. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. We’re thrilled to hear that our support team exceeded your expectations and resolved your payment issue quickly. Unlimited via Perfect Money. Yes, PrimeXBT may charge inactivity fees if your account is inactive for a prolonged period. Scan this code to download app. Celebrity sponsorships: One of the essential elements that have affected Dogecoin is celebrity sponsorships. PrimeXBT’s referral program rewards users for bringing new traders to the platform. Bonuses typically come as deposit rewards, fee reductions, or other trading perks. 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. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Our Shiba Inu to Uniswap Converter is up to date with exchange rates from January 8, 2025. You can conveniently sort them according to their total profit. This is why it is such an important criterion for us when we complete these reviews. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. While KYC verification isn’t required upon registration, you’ll need to confirm your identity later for certain trades. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. PrimeXBT Trading Services, S. 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.

Buzón de Sugerencias

PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. 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. The execution of trades happen almost instantaneously, facilitated by electronic platforms and sophisticated order matching systems. With a user friendly interface and powerful features like biometric authentication, managing your trades is as easy as using your favorite social media app. Furthermore, through research, evaluating trading goals, and using different strategies, risk can easily be reduced. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Try not to get stuck in it too much if you can. We will now look at strategies to manage and minimize overnight fees on PrimeXBT. By employing these risk management strategies, you can approach Bitcoin options or any leveraged trades or Futures contract with a more informed and cautious perspective. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Date of experience: September 1, 2024. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. This is totally unacceptable and one big scam. PrimeXBT is registered in Seychelles as Prime Technology Ltd. Not much to be said about the trading platform, matching engine, order types and performance of the platform other than it delivers on its promise of providing a seamless, high level trading experience suitable for retail, professional, and institutional traders alike. Returns or profits may be subject to capital gains tax. Cryptocurrency exchanges are facing increased regulation from governments worldwide due to the growing use of cryptocurrencies. Previous halvings, for example, saw the price of Bitcoin skyrocket after the event. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. While the PrimeXBT app offers a comprehensive trading experience, it is essential to compare it with the desktop platform to understand its full capabilities.

Bernd K

Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. Understanding how to calculate both gains and losses will be crucial. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. It also might be beneficial to practise in a demo account to gain experience in applying the advice of different trading signals services. Elena R, an expert in technical analysis and risk management in the cryptocurrency market, suggests that Cardano ADA might see a substantial surge, predicting a price of $33. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Those news traders can trigger a strong uptrend or sudden sell off in the currency when important headlines hit the newswires. PrimeXBT is a standout in the crypto trading world. Dear Adelaida,Thank you for your kind words about our support team at PrimeXBT. This is typical of altcoins, they tend to trail the big three Cryptos. PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. The PrimeXBT mobile app offers all the functionality of the desktop version, right in the palm of your hand. Prices are indeed realy low here, from 0. Leverage trading in Crypto offers a way to do just that. Short selling, on the other hand, allows you to profit from falling prices in the market. How To Set Up Your PrimeXBT Account. This allows you much more flexibility with position sizing and risk management. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. I also tested the fiat withdrawal process, using Volet. However, PrimeXBT does not provide any third party content. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome.

Download our 100% FREE Beginner’s PDF Guide and 5 MINUTES Bitcoin Buying Tutorial →

PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV. As of writing, the platform has never been hacked or experienced a user loss of funds. Dax Index News: Hawkish Fed vs. Here is what you need to be looking for in a broker in terms of safety mechanisms. 0001% for Forex, Indices, Commodities. Promo codes can be found through PrimeXBT’s official social media channels, newsletters, and partner sites. In most countries, copy trading is fully legal. In order to do this, you will need to provide them with an email and password.

Exclusive Crypto Deal List of 2023

05% per trade for cryptocurrency transactions. Notwithstanding the absence of regulation, traders can feel somewhat reassured by PrimeXBT’s openness and dedication to security procedures. Everything is well laid out, not cluttered, and easy to find with intuitive drop down menus. The next step in trading Bitcoin is to set your stop and limit orders. Here are 8 tips for writing great reviews. Scan the QR code with your device’s camera and get APK file. The fixed leverage is high for me, so it’s difficult sometimes to avoid significant losses. 01%, while on PrimeXBT, they were consistently over 0. ” – CryptoEnthusiast123. 01% and taker fees at 0.

Up to $600 in Welcome Bonuses!

Also, something we mentioned previously is the fact that you could’ve doubled your money in just five months if you had invested in October of 2023 and closed your trade in profit in March. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. The Financial Commission is an independent external dispute resolution EDR organization that was established to be a neutral third party committee to fairly review and resolve complaints. For traders in Brazil, the platform has added two local Brazilian payment methods, Pix and PicPay. Of course, these are the characteristics of the token that, unfortunately, challenge analysts when they make a Dogecoin price prediction. After exploring various aspects of this platform, it’s time for a final assessment. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. There are many trading strategies to choose from for trading Bitcoin.

Worse

You can close your running positions on PrimeXBT using either a market or limit order. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Security measures include Two Factor Authentication 2FA, Cold Storage as well as SSL Encryption. Make your Crypto work for you by using it to trade 100+ markets on our platform. Very quick trades, cool coins and top leverage. At this point, that remains to be seen. For those of you who are going to be away from your desk, you will be happy to know that PrimeXBT also has a couple of mobile apps, PrimeXBT and PrimeXBT Futures Pro for more advanced trading. Specifically, the price for each of these instruments is calculated using a weighted average between the 1st and 2nd month Future Contracts. We compared the other crypto exchanges in our best exchange review article for you. Trading cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. PrimeXBT does not accept traders from The United States of America US Reportable Persons or residents of 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, US Virgin Islands, and Northern Mariana Islands. Next, we will explore the steps to reset PrimeXBT back to default settings. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Trade 100+ markets like BTCUSD, EURUSD and SP500. Plamen’s favourite trading instruments include FX majors and gold. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. One of the more rounded and easy to use platforms that offers the chance to trade and invest in cryptocurrency is PrimeXBT. This is not financial advice. All cryptocurrencies operate on blockchain technology. Dear Jake,Thank you for your feedback and review. Whales can act as market makers where they create liquidity in both the buying and selling sides while creating profits. Trade Crypto, Indices, FX and Commodities with leverage from a single Bitcoin based account. Starting Price: Available on Request. Free $10,000 Practice Account. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. For me, using trading bots on platforms like Binance and Bybit has been a game changer.