🛠️ Services Offered: PrimeXBT provides:

As a US trader, it’s really starting to look like the US doesn’t want its citizens trading crypto. Scan the QR code with your device’s camera and get APK file. This is also one of our main review criteria when it comes to grading an exchange. That’s an impressive coupon. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. Three different fiat currency options are available, including USD, EUR, and PrimeXBT broker in Philippines GBP. Since its founding in 2018, PrimeXBT has given over a million happy traders access to global markets with competitive conditions, innovative tools, and 24/7 live customer support. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. The chart shows a clear uptrend that started at the end of October last year. This was indeed also our experience. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. A cryptocurrency is a form of currency developed through blockchain technology. Additionally, its educational and research materials are primarily geared toward crypto trading. There is nothing worse than going through all the research, KYC verification, sign up process etc. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. With the ability to deposit with Bitcoin, fiat and more than 120 altcoins, PrimeXBT is extremely versatile in terms of deposit options. To begin trading Forex on PrimeXBT, you’ll need to create an account. 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. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Why refer friends to PrimeXBT. Their signals come with market analysis charts that are clearly marked, with multiple price targets.

PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?

PrimeXBT supports the withdrawal of crypto to fiat currencies, including USD. Leverage, margin, and trading with leverage explained here. This shows that the trader is capable of steadily growing his portfolio while avoiding large losses. With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source. We are collecting allthe data fromseveral exchanges to provide the most accurate price available. PrimeXBT’s copy trading module packs several unique advantages you won’t find elsewhere. Understanding the global reach of PrimeXBT is crucial for traders who wish to use the platform. Scan this code to download app. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. The ask is always higher than the bid. In short, the ATO is going to find out about your transaction history on PrimeXBT. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The secure PrimeXBT back office handles all financial transactions for verified clients. Your enthusiasm for learning and improving is exactly what we aim to support. Use the most appropriate flair, if the flair is grossly misleading then the post will be removed and repeated offenders banned, moderators can change the flairs of the posts if the wrong flair is chosen.

A Better WayTo Trade

PrimeXBT offers cross margin to provide clients with a layer of liquidation risk prevention. Trade big events with PrimeXBT. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Deposit or buy your favourite digital assets in app and use them to trade 100+ markets including Indices, Commodities, Futures, and more, all in one place. I thought it would be ok to share with you a couple small projects which could offer much bigger returns than Ethereum. As the markets are open 24 hours, there are times when you won’t be able to watch your trade, so the stop loss will mitigate risk. You can also sort markets by name and 24 hour change. Additionally, the platform provides one click and double click functions which is a feature not typically seen on many exchanges. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Our website uses cookies.

FAQ

Stock traders can be categorised into various types based on their strategies and holding periods. For your first trade, you identify potential setups and then decide whether you are going to buy or sell a currency pair. With stock markets, the risk of trading futures contracts solely lies on the price moving in the direction you have not expected it to move, making it a less risker product than short selling Bitcoin. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. As the market moves against your position the trading platforms PrimeXBT offers will add margin to keep that single position or existing positions open. Technological improvements like the Lightning Network and second layer solutions could enhance Bitcoin’s speed and reduce fees. We specialise in Crypto and CFD trading, offering a dynamic range of web and mobile platforms tailored to the varied needs of traders. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings. 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. Prices are indeed realy low here, from 0. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE THE WEB SITE, AND TO THE EXTENT PERMITTED BY LAW, YOU AGREE NOT TO HOLD ANY OF THE COMPANY AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO TRADING WITH MARGIN, INCLUDING LOSSES ASSOCIATED WITH TRADING WITH MARGIN. Risk management is a focus on taking measures to protect against potential capital loss associated with trading and investing. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Like any trading platform, PrimeXBT comes with its set of advantages and disadvantages, each playing a crucial role in a trader’s decision making process. In the next section of this PrimeXBT review, we will look at the key features of the platform. PrimeXBT clients have access to margin trading leverage, which allows them to increase the volume of transactions at the expense of borrowed capital. $20,000 or equivalent for unverified users. This may impact how, where and which companies / services we review and write about. Elevate your trading with PrimeXBT’s margin trading accounts, offering key features that set it apart. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. PrimeXBT bonuses are designed to provide traders with additional funds, rewards, and benefits that can be used to enhance their trading activities. All of these various strategies combined can improve the likelihood of success when trading, and protect capital against any potential risk associated with trading. 001 BTC trade — the minimum deposit to get started on PrimeXBT — at 100x leverage, would become a position valued at 0. 2024 00343, having its registered office address at PKF Corporate Services Ltd. From the moment I started using it, I knew I had found something special. For instance, funding fees for BTC on Binance and Bybit were both 0.

Offers and New Customer Experience a great referral program

We wanted to show our clients how much we appreciate them and offer them a way to explore the new. The more users copy your Strategy, the higher your potential earnings. Com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. 99% fee, not PrimeXBT. 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. Its standout feature, however, is its copy trading module, which lets users replicate the trading strategies of more experienced traders. The broker does not charge dormant accounts with an inactivity fee. Switching markets and searching trading pairs on PrimeXBT is straightforward. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT delivered a seamless trading experience. 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. The platform provides a wide range of trading tools, including advanced charting features, order types, and risk management tools. Sometimes, the broker will allow you two levels to execute within, meaning there is some tolerance for slippage or the move against you getting worse to ensure you get out of a losing trade. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. By completing mobile or TOTP Time based One Time Password binding, you can withdraw up to 10,000 USD within 24 hours and 50,000 USD over 30 days without KYC. Just click on ‘Withdraw’ next to your desired Crypto under the ‘Wallets’ section on the Accounts dashboard. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Test it out with a demo account using virtual funds. With the PrimeXBT mobile app, users can stay connected to the markets at all times, ensuring they never miss a trading opportunity. If you click on links we provide, we may receive compensation. PrimeXBT offers standard order types including market, limit, stop loss and OCO. 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. What are Initial Coin Offerings ICOs and How Do They Work. PrimeXBT has published over 350 educational articles on its website, which are free to access. With this also comes high cybersecurity standards that are regularly tested and audited to protect client’s capital. As the market trended down, the price reached my stop loss, triggering and executing the order as expected.

Trading Platform

The broker also provides social and copy trading services. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. Some products and/or services might not be covered by the Compensation Fund. Seek independent advice if you have questions or do not fully understand the risks. Shifts in regulatory frameworks, both positive and negative, may impact the adoption and perception of Polkadot, influencing its market value. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Other security measures taken by OKX include. Chainlink is primarily built on the Ethereum blockchain. No incidents reported. Canada, Japan, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, and others listed on the website. PrimeXBT offers an award winning crypto futures platform that supports copy trading. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. Returns may be subject to tax. However, its unregulated status and limited asset selection can be potential drawbacks for other traders. Want to buy, sell, and trade crypto without KYC verification. We aim to provide a smooth and efficient experience for all our users. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Free resources like guides, articles and webinars have been really handy they enabled me to learn more about trading techniques. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. However, volatility can also lead to sharp declines. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Maybe some of them will be new for you and you can use it in practice. We’re a global FinTech company located in Saint Lucia. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. Users can trade popular coins like Bitcoin and Ethereum alongside a variety of altcoins, providing ample opportunities for portfolio diversification. Understanding this will help traders navigate the platform more effectively and ensure compliance with local regulations. BingX copy trading cons.

Will BTC hit $1 million?

At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. For example, the platform charges 0. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users’ funds and personal information against potential threats. In some countries, you must pay tax on the gains made from cryptocurrency trading. To reduce risks, it is also advised to diversify one’s portfolio and seek professional assistance. We have detailed the privacy measures applicable to our app below. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Bybit offers a maker taker fee model with maker fees at 0. Immerse yourself in the thrilling journey of cryptocurrency trading with PrimeXBT, where acquiring coins or tokens means securing a slice of digital assets like Bitcoin. Key features of the PrimeXBT affiliate program include. 68B XLM out of max supply of 50. Focus on Ethereum: PrimeXBT allows you to trade a variety of Cryptocurrencies, including Ethereum. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. Overall, the world’s second biggest meme coin—with a market cap 6x larger than the next largest, Pepe—should not be discounted by anyone. 2024 00343, having its registered office address at PKF Corporate Services Ltd. However, PrimeXBT is not open to traders in the US, Japan, Canada, or Turkey. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. Once familiar with them, any reader will be ready to jump head first into markets and start trading Cryptocurrency right away. This is something that you can get in your account management page under the “referral” section. The Crypto market has had its fair share of set backs, scandals and even the loss of one its biggest exchanges, FTX and its founder Sam Bankman Fried convicted of fraud. Io, PrimeXBT still delivers a functional and easy to use interface that will suit most people. Depending on your jurisdiction, some products or services might not be available. Here are 8 tips for writing great reviews. 32 to send USDT over the BEP20 network. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. 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. These products are not suitable for all investors. How volatile a market is affects how quickly the price of assets can change, so be prepared.

General Ease of Use

You can participate in multiple tournaments at the same time. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Visit the fees section to confirm the exact fees on the day. Here are 8 tips for writing great reviews. PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. Generally, unrealized P/L does not include fees such as commissions or swaps; it only reflects the profit or loss based on price movements. Bitcoin blocks are generated roughly every ten minutes, transactions that pay the highest fees or happen to make it to the top of the pool can be processed in this timeframe, but it can take longer from there depending on overall transaction fee costs, how many transactions are currently pending in the meme pool, and more. Returns or profits may be subject to capital gains tax. Despite not being available to residents of the US, EU, or UK, PrimeXBT is a popular choice for over 1 million users worldwide. Do not fall victim to the Bystander Effect and think someone else will report it. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. Learn more about Baksta’s Legal Terms. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. With limited support for fiat currencies and leverage trading, PrimeXBT makes it easy for investors to invest in cryptocurrencies. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. 1M+ community members. 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.

Location

You can conveniently sort them according to their total profit. Something that most traders are no doubt aware of is the risks of “order slippage”. However, any withdrawal requested after 12:00 UTC will be processed on the following day. Let’s quickly cover a high level overview of the products on PrimeXBT. Traders also receive market news with a focus on cryptocurrencies. Today NEP owns and operates fourteen companies in Jamaica, West Africa and the United States. If a trader believes that the price of Bitcoin will fall, he or she could short sell the asset go short at a higher price, and cover the position at a lower price. Enter the Promo Code. Our platform tracks everyreported outage, performance issue, and maintenance window to ensureyou’re informed. The platform’s smooth and easy to navigate, got all the tools you need. The process generally involves. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. Visit PrimeXBT Platform and get 35% on Your First Deposit.

Joaquin Lopez

In terms of funding an account, there are no fees that are applied to inward payments. Go to My Account and select the tournament you are interested in and click “Join”. To calculate the cost of such a full sized trade, I used this formula: Spread x pip value+commission. Read next: How to buy crypto. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. When using fundamental analysis, you can combine it with different metrics, such as on chain metrics. You get to pay with card or crypto. Trading Dogecoin on PrimeXBT offers a blend of accessibility for newcomers and depth for seasoned traders. Prime XBT Promo Code 50% : TOPTRADING. As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. Users can also customize the indicators in terms of the time frame and other important inputs. It also gives them the ability to reach out to customer support right there in Telegram. These apps will allow you to place trades and monitor open positions on the go. Scan this code to download app. The marketing is usually done by advertising the solutions that the project can provide.

Start Copying Now!

This website is owned by PrimeXBT PTY LTD. These are supported on both iOS and Android devices. Below is a table to compare the available methods. In the Cryptocurrency Service category. Several options for the referral program;. Comments: One thing that I really appreciate about PrimeXBT is that it is not simply a run of the mill crypto exchange, but rather a highly advanced trading platform offering a wide range of assets from various markets. Why is this important or valuable. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Select two platforms to compare their features and rates. However, most of the time, there is no free lunch in the markets. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. These fees apply for positions held open overnight. PrimeXBT promo codes can be acquired through several methods. Follow the instructions sent to your email to create a new password. Those with no CET holdings will pay 0. I always use my principle that good cooperation cannot be built without trust. In his current role, Mr. When engaging in margin trading, a trader borrows against a margin account, which serves as collateral, enabling access to larger position. This is not something that we have seen on other charting packages developed by an exchange. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. This Week’s Summary The crypto market ends the week at a total market capitalization of $2,67 trillion. That inflation mechanism was ended by community vote in October 2019. The platform can handle various types of transactions currently, but the vision of Cardano is to become the “Internet of Blockchains. 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 broker publishes regular market news, weekly outlooks, and general market breakdowns. To short sell with a CFD, you need to supply a specific portion of the total value of your trade. The team also checks user submitted coupons for their authenticity. If the bonus is not used or activated within the specified time frame, it will expire.

Connect Wallet

PrimeXBT does not charge any deposit fees. On PrimeXBT, traders can choose their desired level of leverage, up to a maximum of 100x. We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. As a chief competitive advantage, PrimeXBT also put a lot of extra attention into its copy trading product, especially around increased transparency and trust. That being said, at PrimeXBT we offer much more generous terms in our margin accounts, as leverage can be much larger in the CFD markets. PrimeXBT acts as an STP broker to ensure fast order execution and excellent liquidity for traders. Despite its unregulated status, Margex prioritizes security, implementing measures such as 2FA and cold storage wallets. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator.

Worse

That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement. It provides a user friendly mobile app that caters perfectly to its core trader base and is a crypto forward brokerage. Good platform to learn how to trade. Enjoy real time prices, technical indicators, drawing tools, without the need to switch platforms. Sudden price swings can render even the most effective signals inaccurate. Reports: Users can view trading and transfer histories via the Reports page. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. However, depositing or withdrawing fiat currency will require KYC identity verification. And the possibility is not excluded, that 2025 could become a very decisive year. The trading interface did not seem as intuitive or familiar, though that could be because I have grown used to crypto exchanges with a TradingView interface. For all questions, security issues, product related inquiries, and business proposals, please reach us. Most of MyCryptoParadise’s subscriptions are nine hundred ninety nine dollars – or you can opt for the lifetime Account Management for twenty five thousand dollars. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. The Demo Account is an excellent option for beginners and experienced traders who want to practice and refine their strategies without risking real money. Bybit has considerably lower fees than many exchanges in the space, but slightly higher than the low cost leaders comprised of Binance, OKX, and KuCoin. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Majuro, Marshall Islands. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. PrimeXBT Withdrawals are equally straightforward, providing a seamless way to manage your assets.