PrimeXBT

The Positions Widget reflects all details about your open positions, such as Fill price and size, Unrealized P/L, etc. PrimeXBT offers a transparent fee structure designed to provide competitive pricing for traders across various markets and services. Learn more about Baksta’s Legal Terms. 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. As the holiday season rolls around again, we’re in the giving spirit, and we’ve got something special to share with all our clients this year. PrimeXBT wallets are multifunctional. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. PrimeXBT Turbo has a set of advantages and disadvantages. Live and transparent statistics• High payouts per each funded client• Payouts once a week. Specify the email address from your account on the password reset page;. To view or add a comment, sign in. This review covers the services provided by PrimeXBT, including its trading platforms, crypto predictions, mobile app and supported countries. Players can easily navigate and access complex diagramming tools. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT restricts its services in certain countries due to regulatory requirements and licensing considerations. Originally referred to as a “Dogecoin killer,” it has since evolved into its own ecosystem. Competition: There are many blockchain initiatives fighting for market share in the extremely competitive bitcoin sector. You are essentially “borrowing” Bitcoin from the exchange to maximize your profits. If you take the same situation above and see the stock drop from $60 a share to $50 a share, your loss is compound. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Chainlink continues to grow by expanding its support for blockchain environments and offering new use cases for its “hybrid smart contracts.

How to Manage Leverage Trading Risks

There was no additional explanation for the blocked access in these regions. 1️⃣ In order to begin the verification procedure you will need to agree to the processing of personal data and click ‘Next’. Unfortunately, as of late 2023, MEXC isn’t available for US residents. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. Your satisfaction is our top priority, and we are delighted to have been able to provide you with the support you needed. This is the same with other tools that https://primexbt-funding.com/ the company offers, as was covered in our PrimeXBT review. Ethereum comes in with what you could call built in demand, since a lot of its DeFi, NFT products and smart contracts, are fuelled by Ether and fees are paid in the network’s native coin. Failing that, we’ll examine which jurisdictions PrimeXBT operates in. This dog themed meme. Just this past week, Bitcoin price retested $20,000 and bounced 20% back to $24,000 per coin in only a couple of days. It traded for a tiny fraction of a cent through mid 2021. If you have an active community, are an influencer with a following, or run an education center, you can also reach out directly to the platform and get a specialized offer that is tailored to your needs and capabilities. Crypto traders should always take some time to see whether the exchange they want to use is available in their country/region or not. Don’t miss this limited time deal that’s only available for our readers. On the other hand, if Ethereum’s price goes down, you lose your leveraged margin. Modifications and/or exceptions to the Promo campaign rules and conditions are at PrimeXBT’s sole discretion, and its decision is final. There is also no news of hacks and funds being stolen from the crypto exchange. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This is achieved by borrowing funds from a broker to purchase a larger position. For USDT, USDC and COV deposits are available. The team conducts periodical stress tests and security audits to ensure compliance with the strictest security standards in the industry. It is almost impossible to commit crimes with cryptocurrencies due to measures such as Know Your Customer KYC and Anti money Laundering AML laws that have been implemented by different crypto firms. Customisable features include the arrangement of widgets, such as order books, trading history, and watch lists, ensuring that users have easy access to the tools and information they need to make informed trading decisions. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. We hope that the update will make it even more attractive to both Followers and Managers alike. Avoid tax on your crypto. To begin trading, you must deposit any amount that would provide the needed margin for your transactions. Website Primexbt Bonus.

Maker

120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. This is because both futures and stock markets are centrally controlled, via an exchange. Awsome commission on the first referral level of 20%. One downside for UK traders, however, is that the broker does not currently hold a license with the FCA. Follow the sign up instructions on the company’s website to get started. In the early days of the cryptocurrency, a user famously traded 10,000 BTC for two Papa John’s pizzas. This includes everything from its Coinbase Custody service to Prime services. These constraints, while potentially seen as inhibiting those seeking unbridled trading freedom, actually underscore PrimeXBT’s commitment to promoting responsible trading. PrimeXBT provides 24/7 customer support via its email address at. How much is XRP worth in 2022. PrimeXBT has a weak slate of trading pairs. You can build out your own workspaces that you can access at the top of the platform. This could be ideal for those who like to trade with technical analysis. Users can deposit, withdraw, exchange, and transfer Crypto. We are happy to hear that you enjoy using our platform, PrimeXBT works for youIf you have any further questions or require assistance, please don’t hesitate to reach out to us. Click the blue ‘Deposit’ button to continue. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. Understanding how leverage works is very important when it comes to trading on a margin account. 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. Apart from Bitcoin and altcoins, exposure to indices, metals, commodities reduces your risk exposure. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. For example, if you’re executing a trade on the Bitcoin and US dollar pairing, you’ll have to pay a 0. 35100 while being offered at 1. According to the standard affiliate program, you can receive up to 70% of the commissions of each referral, depending on the volume of his trades. For information about current margin requirements please visit Fees and Conditions schedule. Even though the company is still relatively new in the trading industry, PrimeXBT has grown to become an industry leader. To withdraw Cryptos to an external Crypto wallet, go to the main page,. Minimum ADA price targets fall short of revisiting the asset’s current all time high.

Top Cryptocurrencies

Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. ETH and ERC 20 tokens COV, USDT, USDC require 10 block confirmations which usually takes around 4 minutes. A withdrawal address can be whitelisted by clicking the ‘Withdraw’ button for the asset you wish to withdraw, in your Dashboard. 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. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. The rules for these withdrawal methods can vary depending on your region, so you might not be able to access all of them. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. The creators or company are still required to follow the security regulations of the country where they are claimed to be executed. Hard to believe, the recovery of LINK and ETH won’t be like 2020. All you need to do is select the right wallet of your choice, click on deposit, and then follow instructions. If you are unsure of an exchange, test it out with a small deposit you’re willing to part ways with or try another exchange. To purchase BTC in US dollars, users can pay with Visa/Mastercard or via bank transfer with SEPA. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC.

LINK/USD

As the window of opportunity was closing rapidly, PrimeXBT selected Devexperts for their existing customizable solution, DXtrade Enterprise that could be slightly customized for PrimeXBT’s needs and be rolled out in three months. Coinbase is well regulated, compliant, and easy to use, citizens and residents of any country can use it. Cash/Fiat deposits from your AdvCash and Perfect Money accounts to your PrimeXBT Wallets are instant. Plus all of your assets will be kept in your own personal secure wallet on the PrimeXBT site. KuCoin or Kraken, there are other very well known industry leaders that are located all over the world. Looking for the best crypto copy trading platforms to find the most profitable traders. 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 opinions expressed on Bitcoinsensus does not constitute investment advice and independent financial advice should be sought where appropriate.

Coin Data

You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. The platform also regularly updates, improves and extends the system. 6 and way below OKX Futures no. So Options and Futures are derivatives because they derive their valuation from a select underlying asset, or even a basket of assets, like the SandP 500 index, which are then traded like regular stocks on dedicated Futures or Options exchanges. That being said, you should be very cautious and never get to the point where you have a margin call. When comparing to cryptocurrency margin trading exchanges, such as Kraken and Binance, these leverage rates are significantly higher. Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. This includes everything from its Coinbase Custody service to Prime services. This means that you can simply sign up and start trading in a matter of minutes. This means that they can make money on a fall in the price of the asset. This way, you can improve your returns and achieve the same returns as the leading traders on the platform. There are certain companies that allow payroll to be conducted in Bitcoin and allow for employees to opt in to receiving al, or part, of their salary in Bitcoin. A pending withdrawal can be cancelled at any time before 12:00 UTC. Other principal fees at PrimeXBT are trade fee and overnight financing. You will achieve the same returns as the leading traders on the platform by Covesting. All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. All logins to your account are reflected in your Settings menu, under ‘Last logins’. XRP rallied in early 2021, hitting a price of $1. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. Claim your profile to access Trustpilot’s free business tools and connect with customers.

Limit Order Video

If you are a resident of an accepted jurisdiction, you can start using PrimeXBT services as soon as you register an account and deposit funds. 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. To access Charts, go to the Multi Product dropdown menu and select ‘Analysis’. This is because the actual login page should have a secure padlock in the browser. It is important to remember that Take Profit/Limit Buy orders are triggered when top of the book ASK quotes reach the price specified in your TP/Limit Buy order. Ability to trade in cryptocurrencies, currencies, indices, and other resources;. Overnight Financing in Crypto Futures platform unlike regular margin trading accounts is charged 3 times a day, i. PrimeXBT referral affiliate program allows you to get a lifetime commission on each referral trading fee and provide an opportunity to build a long term business flow without initial investment with a four level referral system. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Read our risk disclaimer >. The main feature that’s lacking is the Contests module, so you can’t enter competitions or take advantage of free demo trading on the mobile app. In that regard, PrimeXBT wins hands down due to the simplicity of the Covesting copy trading module compared to other platforms. 01 BTC as Trading account’s Equity and you wish to trade BTC/USD. 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. PrimeXBT will now ask you for this number. You’ll gain valuable experience navigating the Crypto market without a significant financial commitment. What the history of this index shows is that because it is somewhat of a representation of the health of the American economy and space, it is often influenced by factors that affect the entire country. GBP/USD on Jan 10, 2024: 14. Tradable assets aside, here are the products and features PrimeXBT brings to the table. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 70 cryptocurrencies. The best way to learn how to trade Bitcoin on PrimeXBT is with a real world example. DeFiLLama Review: The ideal tool for DeFi traders. Make sure that you practice adequate risk management. Additionally you will need to fill in the Turing number captcha to complete the payment. Yes, feel free to download the iOS App or Android App.

Sarah Chambers

However, please note that it should be more than the withdrawal fee for the asset you wish to withdraw. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. The most common mistake when trading cryptocurrencies on margin is to overtrade. Dear Hossni,Thank you for your positive feedback. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. It suggests choosing the platform that aligns with one’s trading interests and needs. Some people may find the lack of regulation of PrimeXBT is a bit disconcerting. Perfect Money is a very popular e payment method that makes it easy to deposit in fiat and trade Crypto or any of the other 100+ markets we offer. Funds can also only be accessed via multiple signatures reducing the risk of one compromised party making unauthorized transactions.

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A limit order lets you put in a designated price at which you want the trade to occur, and when the currency reaches that price, the trade happens automatically. With the ability to take both long and short positions, traders can capitalise on price movements in either direction, increasing their potential for profit. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools. 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. But after having survived a bear market, crypto traders have learned that they do not have to watch the value of their portfolio plummet, even if Bitcoin or other cryptocurrencies are falling in price. We never trade against our customers, please keep in mind that PrimeXBT doesn’t control the markets and all our clients get the same market conditions. Claim up to $30,030 in Bonus. PrimeXBT has not suffered any major security incidents that resulted in loss of customer funds. Leverage is one of the many features that advanced traders tend to look for, but most platforms offer very limited leverage when it comes to trading cryptocurrency. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Global Markets Margin trading accounts provide only Cross margin system, while Crypto Futures trading accounts provide both Cross and Isolated margin types. The TradingView partnership gives PrimeXBT users industry leading charting capabilities without any added complexity. However, Bybit’s copy trading fees add another layer — a 10% performance fee deducted from any profits generated by the copied trader. This is generally quite low, making the CFD market cheaper in the long run for short selling opportunities. It’s merely a three tiered membership program you buy into that opens up more perks the more you spend upfront. We may receive a commission for purchases made through these links. For traders seeking to amplify their potential returns, PrimeXBT offers leveraged trading options. This gives a leverage ratio of 10:1. The following data may be collected and linked to your identity. The exchange offers industry standard cold wallet storage and other security features. This jurisdiction allows PrimeXBT to provide its services to customers from various countries while complying with the regulatory requirements of Seychelles. However, we give you a deeper analysis so you can decide which bitcoin trading platform suits your unique requirements best. Despite the number of “opponents” we’ve hurled at it, ranging from big names such as Coinbase, Binance, and Kraken, to smaller ones like Bitget and Bybit, it has, in each round, managed to stand its own ground. Warning ⚡️: Trading leveraged futures products is incredibly risky. This all encompassing article investigates the ten most prominent high frequency trading platforms, scrutinizing their ramifications. Can I change my leverage. 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. Some bar charts will also be color coded.

1st Lucky Draw Rewards Distributed

Direct deposits from your bank card to PrimeXBT are currently not available. PrimeXBT also charges overnight finance fees for holding a position open overnight, but this varies from trading pair to pair. Covesting enables users of the app to browse and instantly copy their trading behavior through hundreds of trading strategies offered by other traders. The majority of the broker’s assets are held in a safe offline storage system with limited amounts of BTC held in online wallets. Withdrawing is relatively straightforward, needing just a quantity and crypto wallet address to be input. Their dedication to providing the best of services and help for both new and experienced traders makes them one of a kind. The Prime XBT Bonus is a 50% deposit bonus which you can activate with the TOPTRADING bonus code after you register at. Especially considering how it can connect directly into its futures activity. Consequently, to prevent the leveraged position from getting liquidated you should always set up a stop loss, this is extremely important. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. One of the easiest and most convenient ways to invest in financial markets is through copy trading, which doesn’t require extensive knowledge or experience. However, having a copy trading strategy may help you in choosing the best traders to follow. This starts with traders being able to set up a free demo account in order to test PrimeXBT Turbo and get the hang of using the system without having to risk any real money. Because Zignaly is still pre launch, the number of exchanges that it operates with is limited. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. You have to return any money borrowed with interest, just like any other loan you take out. A quick 3min read about today’s crypto news. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. You can hold onto a margin trade for as long as you like, with the caveat that overnight financing can be quite substantial over long periods. The advanced feature suite and profitable trading possibilities offered by Prime XBT are second to none, as the only crypto trading terminal to offer as much as 100x leverage and the ability to trade both long and short on all top 6 crypto assets: BTC, ETH, XRP, EOS, LTC, and BCH. And it’s probably only fair that we ask the same thing of PrimeXBT. Whether or not the cryptocurrency exchange has a functioning mobile app.

Recent Reviews

We will dig into their security, fees, customer support, and trading platform. Get huge savings on the biggest crypto brands with custom discounts and deals. In the real world, you will put up the initial margin, which will vary depending on the market. What this means is that because of the highs and lows of trading which feel like wins and losses in a gambling sense, traders can start to be influenced by their own sentiment rather than sticking to tried and tested methods and strategies. Make sure to review our detailed guide about deposits to the platform. Having a cash reserve is important when beginning to margin trade as this allows you to take that amount and multiply it by whatever the platform is offering. This allows traders to consider the potential profit that is available to them if the contract is successful. Very High Triple A rating by Certified. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. 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. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction, as it had strayed from Satoshi Nakamoto’s vision of a digital cash system. LocalCoinSwap LCS is a peer to peer cryptocurrency exchange. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. The most obvious advantage of using leverage is the ability to increase profit margins and the return on your investment. Chainlink must address scalability challenges to accommodate a larger number of data requests without compromising performance. Traders can select “add widget” and they will be given a list of different ones to choose from. Seychelles company nr. By customizing widgets and your platform layout, you can create a workspace that meets your needs. It may occur as slippage of a Following’s Stop Loss, or as a significant difference between the Following’s Profit value ​​at the moment the Stop button was pressed and the actual settlement of the Following.

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Here’s an overview of the fees charged on PrimeXBT. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Copy Trading: PrimeXBT enables users to copy the strategies of leading traders through the ‘Copy Trading’ product. Beware of their practices that seem to hinder profitability, and consider alternative brokers for a more transparent and reliable trading experience. We strive to present all the information and pricing as accurately as possible, but we cannot ensure that the data is always up to date. This combination ensures accessibility and affordability for all users. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Next it’s just a matter of making a deposit via a crypto or a regular payment method. All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. This is because the actual login page should have a secure padlock in the browser. Comments:Overall, Prime XBT offers a user friendly platform for crypto trading, especially for beginners. The leverage ratio is a measurement of your trade’s total exposure compared to the margin requirement. When trading on low time frames, such knowledge is very important to be successful. As expected, Available Margin is the same as Balance and Equity and Available Margin, % is 100%. Our website uses cookies. 00 during 2029 and maybe even higher, perhaps $1. The platform does not require any KYC verification, so you can start trading anonymously right away. In this article, we have tried to make this quest easier for you and provide you with a comparison of two top market competitors for bitcoin trading namely, PrimeXBT and Binance. BSC chain offers much lower transaction fees 💰 compared to Ethereum network, thus the withdrawal flat fee for ETH withdrawals using the BSC network is as little as 0. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. PrimeXBT also offers traditional assets such as the most popular forex currencies, commodities, stock indices, and spot contracts for gold and silver. They could now be stuck holding until $20,000 and made zero dollars in the process. Or search for a confirmation email from. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. To claim this offer simply make a deposit and then make a transfer to the corresponding Trading account within the given time frame.