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However, there were a few areas of disappointment. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Registered in the Republic of the Marshall Islands. Receive the latest news and stay informed. PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities. Even if you prefer not to download a mobile application, keep in mind that we offer a superb mobile version of the platform. Anonymous accounts can deposit up to $2,000 with fiat payment methods – such as a debit/credit card.

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Payment Method

This is the coolest feature of this platform2. Prime XBT and Bybit are emerging as go to platforms for crypto derivative trading. The award winning trading platform behind PrimeXBT provides you with margin trading account and all the tools you need to succeed in the crypto market. How could you trust them to payout your money after all that shady behaviour. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds. 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. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. Ripple is also the parent company’s name that created the protocol and works www.primexbt.com to onboard banks to begin using the protocol to replace the aging SWIFT wire transfer system. As a derivatives trading platform, PrimeXBT does not offer any spot markets. I like Binance’s trading terminal. Volet deposits are free, while Perfect Money charges a 1. Later on, my experience proved the same. For all withdrawal methods, it’s crucial to double check all entered information and comply with any verification processes to ensure a smooth and secure withdrawal experience. When used professionally, leverage is nothing to fear and is used quite often by retail traders, firms, and corporations alike. Bitcoin margin trading has helped inject institutional investors into the industry, which is a significant factor behind Prime XBT’s popularity.

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Key Features of PrimeXBT

As a rule, the fees depend on the trading account type. 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. The main rule is to scale in only into profitable trades and to scale out only out of losing trades. The price not only crossed the ascending support of the channel up but also the MA200 on the 4H chart. If you ever need assistance, feel free to reach out to us at. We use cookies to personalize content provided by analytic and advertisement partners to offer you the best service experience. Here you can find additional information on how to trade futures products. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. 39%, drawing the attention of four followers with a combined equity of 3180. Additionally, the fact that LINK’s use isn’t purely as a digital currency can further obfuscate the ability to analyse and predict its future price. Users can deposit, withdraw, exchange, and transfer Crypto. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. With the app in hand, you can trade global markets seamlessly, including cryptocurrencies, stock indices, commodities, and forex, all from the convenience of your mobile device. Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. The company focuses on the international market, as evidenced by the multi lingual interface. Our broker ratings are also informed by the experience of our researchers during the evaluation process. 5 of a BTC at ths spread, your stop loss will need to be placed further out of reach from the spread and what may have been a $10 loss at. Vincent and the Grenadines, and Switzerland. Other downsides are the lack of regulation but that’s the case with most crypto exchanges and a relatively short time in business. From here, you can follow the traders based on the performance of the trading strategies. This tradition is upheld when it comes to futures, too. Parachains will use the Relay Chain security and interoperability for the finality of transactions.

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Withdrawal Fees

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. Crypto futures fees are attractive at 0. 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. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. PrimeXBT allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. The fees are available for Cryptos, Forex, Commodities, and Indices. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. There is a slight difference in fees to start: the minimum fee tier at Gemini starts at 0. Based on their portfolio performance, managers earn a profit share from follower fees. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. You’re all set to explore the platform and start trading. 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. They have access to many different cryptocurrencies within their service and you will be able to trade all of them with the set fee in place. Check out these trading options. Additionally, withdrawals to a bank card come with a hefty 5% fee. The amount of leverage that a broker can offer will vary by jurisdiction as well. Thank you for choosing PrimeXBT. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. Liquidity and trading volume are crucial aspects that determine your trading efficiency on cryptocurrency exchanges. They can be used in various financial transactions, including retail purchases, investments or just as a store of value. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. As a derivatives trading platform, PrimeXBT does not offer any spot markets. For PrimeXBT, they pay 0. Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide. 7 months ago 368 views. 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.

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Operational Mechanics of KYC in Cryptocurrency Platforms

1 BTC position instead. I opened this long position with a tight stop loss. 0005 BTC while ETH is charged 0. Yes, all that it takes to trade these markets is access via a broker like PrimeXBT. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Try their Twitter or Telegram where the latter can be reached from the Telegram Bot. PrimeXBT offers its services to users in various jurisdictions, but access is restricted in certain countries, notably the United States, Japan, and Canada. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Additionally, you cannot set stop losses and take profits directly from the order form. If you see the value of your investments fall quickly or simply enough, your brokerage can sell them without notifying you. While this fee might seem small, it is essential to factor it into overall trading costs, especially for those who withdraw funds frequently.

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Cash Minimum Deposits

I can’t imagine that. Prime XBT Blog Has Moved To — primexbt. Past performance is not a reliable indicator of future results. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. Enter the desired withdrawal address and confirm the address via an email confirmation link. I have no negative experience with using this platform because their customer service is excellent, except that they don’t have an API. When the stop price is reached, a stop order becomes a market order. Dear Gabriel,We’re glad to hear that the PrimeXBT team was able to assist you and that you’re satisfied with the platform. Labeled Verified, they’re about genuine experiences. PancakeswapPancakeSwap is another decentralized exchange DEX operating on the BNB Chain. Unfortunately, an Ethereum price prediction is made even more challenging by the fact that the Crypto market is notoriously volatile, and assets tend to follow each other – especially the OG Bitcoin. A buy stop order is always placed above the market, and a sell stop order is placed below the market. Best regards,The PrimeXBT Team. 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. Owner: Prime Technology Ltd. Any securities held by the broker can then be used for borrowing money and adding to a margin balance based on the total collateral deposited. The average order execution speed is 7. I think that payments and pricing here are good because of the crypto exchange part of the company. 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. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. Dollars, even though that greatly trails behind the godfather of the Crypto market, Bitcoin, which enjoys a healthy market cap of $717,709,899,942. Customer support is available 24/7 through live chat and email. Furthermore, PrimeXBT doesn’t allow transactions in anonymous cryptocurrencies that obfuscate blockchain data.

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They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. We’re glad to hear that our platform suits your trading strategy and needs. 02% taker fee — and a variety of tools to enhance your trading experience. The platform offers a multitude of advanced features, competitive fees, and robust security measures. The PrimeXBT team has also made bold claims about their copy trading feature. 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. We are here to assist you. PrimeXBT also supports both fiat and crypto withdrawals. 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. When using live chat, I usually received a response within 2 minutes. I’m satisfied with that. Disclaimer: These are the writer’s opinions and should not be considered investment advice. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. This allows me to realize my trading potential. Customers only need to provide a valid email address and a password to create an account. 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. What is Bitcoin Cash. This minimized my losses and still only cost 0. Specifically, MEXC is not available in countries like North Korea, Cuba, Iran, Sudan, Crimea, Mainland China, Singapore, Indonesia, Syria, Venezuela, Canada, and the United States due to stringent regulations or political instability in these regions. Enjoy the excitement of Betwhale Casino, where fortune and fun await. I encountered unexpected fee changes, particularly in overnight positions, which significantly eroded my account. They usually send withdrawals back to where they came from, unless there’s a good reason not to. The Earn platform on Bybit is a great place to help users grow their crypto holdings in an easy and secure manner. We also ensure all reviews are published without moderation. In this article, we’ll explain what Copy Trading is and how it works, specifically on the PrimeXBT platform. Warning ⚡️: Trading leveraged futures products is incredibly risky.

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Topping up your wallet with crypto using your credit card is just as easy. To overcome some of those issues, here are a few tips on how to trade Bitcoin the right way. As profits can be potentially almost doubled within 30 seconds, there is the potential for traders to lose all or some of their investment in a short period of time as well, and therefore it is important to fully understand this platform before trading with real money. Regulated: FSC of BVI. Marketing66 would like to remind you that the data contained in this website is not necessarily real time nor accurate. Our website uses cookies. Margin will increase your purchasing power but also exposes you to additional risks if they are not taken into account. When an isolated margin position exhausts its available margin, that position is closed. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. No ID verification was required.

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BitMEX, on the other hand, specializes in cryptocurrency derivatives trading, offering high leverage and sophisticated trading features. 🚀 Test strategies, master platform tools, and boost your confidence without financial risks. Biqs will never ask you for your personal details, and there are very few limits in place for trades. 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. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Bitcoin and XRP are both cryptocurrencies that share a few similarities but are considerably unique in many more other ways. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. Zer6 Plaza No:10B/C Nilüfer/BURSA. When a customer deposits $2500 or more, they get a bonus $500. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. 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. Gotta give credit where it is due, the Bybit team seriously stepped it up. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. The financing rates for opening long and short positions are low. Being so new to the market, it is no surprise that their website has taken on a very modern design. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. You can also customize the interface to suit your preferences. With any type of account, margin accounts carry the normal risk associated with markets moving against the position you have taken. Channel name is `positions YOUR ACCOUNT ID. This intuitive trading platform caters to the needs of both beginners and experienced traders. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. Prices for currencies and other trading assets are derived from liquidity providers, which include banks, financial institutions, and other market makers. Explore the world of trading with PrimeXBT and unlock new possibilities today. Become part of the PrimeXBT Discord community for live discussions, trading strategies, and a space to connect with traders at all levels. 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.

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Moreover, users can conveniently transact in US dollars. 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 agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. You may modify the candlesticks intervals using a special drop down menu. If « Holding » is a popular method to make money with cryptocurrency, and mining is a passive method to make money off Bitcoin,then trading is probably the most profitable way to make money. However, financing costs are more often than not an issue only if something wrong has happened with the trade. Here are the top 10 reasons traders across all skill levels should choose PrimeXBT. These type of orders prioritise speed over price, making them suitable for highly liquid Stocks or when timing is critical. Even though it is not regulated, it has very few online complaints, and its privacy centred approach maintains client security. It comes equipped with a range of technical tools, including over 50 indicators, charting tools, and multiple screen support, aiming to cater to various trading strategies. Usually, Stellar performs best in Q4 with an average of 251. With support for multiple cryptocurrencies and instant fiat deposit options, PrimeXBT ensures that traders can quickly and easily fund their accounts to start trading without delay. Leverage trading allows you to gain more exposure to an asset than the funds you put down, letting you profit from “borrowed funds. 🤝 Engage with a vibrant community. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis.

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I’ve looked at enabling margin with Coinbase, but despite a few outdated posts that say I can have margin, the truth is that Coinbase no longer offers it to US clients. 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. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Never Miss Another Opportunity. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. Additionally, it allows you to use your trading capital to open multiple positions instead of dedicating your entire balance to a single trade, increasing your market exposure. PrimeXBT is an acceptable choice for day traders. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. Moreover, during periods of lower returns, investors might look to leverage additional tools offered on Prime XBT, such as options and futures, to hedge or enhance their positions. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. Of course, this also works on the way down as losses are also magnified. Tesla’s BTC Positions Remained Unchanged in Q4 of 2022. Scan this code to download app. Even though prices are often influenced by fundamentals, technical levels are important too. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email.

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PrimeXBT offers a variety of bonuses and promotions for both new and existing users. The futures sector is a fascinating aspect of the crypto trading world. PrimeXBT supports a wide range of cryptocurrencies, including major coins like BTC, ETH, and LTC; leading meme coins such as DOGE and SHIB; and popular coins including TON and SOL. The program is designed to accommodate a wide range of partners, including affiliate marketing professionals, media resource owners, education centers, and traders with active communities. Enter the amount you want to withdraw. The potential return for a correct guess is preset by the turbo feature. Bybit claims that 100% of customer funds are kept in a cold storage air gapped environment, and the only funds exposed to hot wallets for customer withdrawals are the company’s own funds. Virgin Islands, Northern Mariana Islands. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. PrimeXBT charges competitive fees with a maker fee at 0. The adequacy of such licenses for the operation of a cryptocurrency exchange has not been judicially tested. If you invest in a token with relatively low trading volumes, you speculate that the underlying project will grow and attract new investors. Best Regards,The PrimeXBT Team. I want to be a members member. The platform provides a variety of free deposit options for both crypto and fiat. Com’s latest Dogecoin Price Predictions Report. In other words, you can borrow 50% of any purchase, but need to provide the other 50% yourself. 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. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. 05%, while forex and commodity trading fees can vary. 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. Margin trading refers to trading on leverage, i.

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Market, but can cite non manipulative reasons to trade, will not be liable for market manipulation. Amid these shifts, BlockDAG emerges as a standout player with its innovative X1 Miner App and remarkable presale success. We may receive a commission for purchases made through these links. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. Can easily trade cryptos, but for any reason, I choose this one. Not available for US residents. If you need any guidance or have further questions as you start with futures, please don’t hesitate to reach out to us at. This comprehensive guide explores the various aspects of PrimeXBT trading, including its features, benefits, and strategies for success. The XRP prediction of most analysts thinks $10 is a long way away. Receive the latest news and stay informed. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Our deep dive examines PrimeXBT’s security, fees, ease of use, and key trading options, including leverage and copy trading. Unlike its larger competitors, PrimeXBT does not offer P2P trading. To view or add a comment, sign in. Its intuitiveness and simplicity provided a pleasant trading experience. Io function as affiliate links. 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. Positions closed before the start of a new trading day 00:00 UTC are not charged. Thank you for choosing PrimeXBT. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. I would like to share my experience. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 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. Overall, PrimeXBT is a good pick for both new traders and experienced investors. 1% fees, its still way smaller than even 1 crypto transfer. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. Binance exchange needs no introduction if you have been in the cryptosphere for some time.

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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. Overall, PrimeXBT only charges two types of fees – the trade fee, charged for entering the position, and the overnight fee, which is for financing the position. While this exchange won’t be for everyone as you’ll need a firm understanding of leverage and risk before you start playing around with contracts, it’s an excellent option for those looking for more advanced investment opportunities as many services like these are often restricted in countries like the US, UK, Canada and Australia. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. But this huge leverage is not available for all the pairs and is only restricted to BTC/USDT, ETH/USDT, XRP/USDT, and ETC/USDT. I decided to try it on my own, and luckily, the experience wasn’t disappointing at all. Much like in sport, you can understand the game better than anyone, but you won’t be the best player on theory alone — you need to see how the ball bounces. So that might need to change in the review. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. Bitcoin was the first ever cryptocurrency, sparking an entire industry of altcoins created in hopes of improving upon what Bitcoin sought out to achieve. The withdrawal fee is a flat fee i. This is why setting a stop loss value that makes sense is the most important thing you can do, understanding that there could be slippage in an exceptionally fast moving market. At current prices of $150, this represents an over 600% return on investment, putting Solana in the spotlight for a possible overperformer in the Crypto market. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. SSL encryption on website traffic and encryption on sensitive data, while user passwords are cryptographically hashed.