◾️What is a Trading day?

While the broker offers competitive swaps, based on my findings, it does not provide any assets suitable for longer term trading. Always prioritize security and reliability when choosing a trading platform. Some take the time to do due diligence and perform necessary technical and fundamental analysis of Cryptocurrency prices and PrimeXBT Auszahlungen past performance. In order to reduce the possible negative impact of breaking news on your trades, you should actively manage your trades and always use a stop loss. For Direct Crypto Deposits. 6D Lab LLC is a company registered in the USA, UK, and Australia that specializes in recovering assets for clients across a range of industries. It’s often these assets that are extremely oversold that perform the best during the next bull market. With the Covesting Copy trading, you can achieve returns similar to those of leading traders on the platform. This is a good opportunity not only to test your knowledge and skills, but also to win bonuses funds that can be used in real crypto trading. Do they actually help you or are they trying to sell something else to you. Price prediction table. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed.

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PrimeXBT ticks all the boxes from a security perspective. However, it also comes with a higher risk of liquidation due to increased volatility. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. 2 of PrimeXBT’s Terms and Conditions. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. Below is an example of how leverage will work on the PrimeXBT platform. Also linking to articles containing referral links is not allowed. In the next section, we will discuss the common challenges and how to overcome them during the KYC process. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. This is better than the other futures exchanges such as BitMEX for example. Learn more in our Cookie Policy. If you have decided that you would like to try out the PrimeXBT platform then you will need to register an account. Now trying to get rewards, trading, and still competing, just with real crypto in contests too. While such high leverage amplifies potential profits, it also heightens risks. The PrimeXBT mobile app is available for both iOS and Android devices, allowing traders to manage their accounts, execute trades, and access market data on the go. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Scan this code to download app. As a bonus tip, starting with a few funds is recommended if you’re new to trading until you have become familiar with the platform and gained some experience. Switching markets and searching trading pairs on PrimeXBT is straightforward. Readers should do their own research. It must be entered into a special box on the site. Forced liquidation is a concept every trader must understand – find out what it is and how it works below. The Bybit copy trading platform has already attracted over 259k users, making it nearly instantaneously, one of the largest markets for crypto copy trading.

FAQs

The numbers in this chart are only illustrative and subject to change over timeRound turn commission. Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. We’re thrilled to hear that our low entry threshold and competitive spreads have positively impacted your trading experience. Bybit also shines with its support for automated trading strategies. The most recent encryption technology is used by PrimeXBT to guarantee the security of every transaction. Here’s where effective risk management comes into play. 0 standard lot buy/sell position in the EUR/USD, at the average spread and holding it for seven nights in the PrimeXBT account will cost the following. As a derivatives trading platform, PrimeXBT does not offer any spot markets. If a withdrawal is requested before 12:00 UTC, it will be processed on the same day. These limits are in place to protect users and ensure the security of funds. Where can I see my bonus. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. The first app is designed for new investors, featuring a section with helpful advice and information, while the second app offers more complex tools for experienced traders. However, some training opportunities are available here. The bid ask spread fluctuates based on liquidity, order book activity, and order sizing. To claim the PrimeXBT welcome bonus, it is essential to deposit at least 0. Are you an Apple user. In comparison, Coinbase focuses on major coins like Bitcoin, Ethereum, and Litecoin, offering just a few options for those sticking with the most established assets. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. 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. As a derivatives trading platform, PrimeXBT does not offer any spot markets. Easily buy Crypto with Visa or Mastercard. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. Go to Settings > Security and enable Install from Unknown Sources if prompted. 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 highlighted features contribute to a positive trading experience, attracting both novice and experienced traders to PrimeXBT. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. The best thing about selecting an order type is that your order will be automatically fulfilled after the price reaches a specified level. However, it has become standard on most trading platforms.

Questions? Get in touch

Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. This guide aims to help you identify and resolve common payment problems, ensuring a smooth and hassle free trading experience. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. Think of it as the price an investor is willing to pay for a stock or sell it for. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. To activate a promo code, navigate to the ‘Hub’ section in your PrimeXBT account and select the ‘Promo code’ sub section. These include fan lines, Fibonacci, retracements, and other trend lines. By breaking down these fees, we aim to give you a comprehensive understanding of the financial implications of trading on PrimeXBT. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Receive the latest news and stay informed. By complying with these security checks, users contribute to a safer trading environment on PrimeXBT. 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. Visit our reviews page to learn more about user experiences. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. BNB Smart Chain network BSC for BEP 20 tokens. Very easy to use as a new trader. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. While it supports copy trading, the platform lacks automated trading functionality. This volatility can impact the value of the assets generating passive income, leading to potential losses or reduced earnings. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Yes, PrimeXBT operates a copy trading site called Covesting.

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If you are ready to place a trade, you typically need to change a dialog box from “market order” to “pending order. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. If you have at least heard of cryptocurrencies, and perhaps even bought some and held on as the most basic method of making money, it is worth exploring new methods to increase your profitability in this exciting and always growing space. Here are some key advantages of trading on PrimeXBT. It works the same way regardless of the company, or the exchange that it trades on. A Position can be either Long or Short. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. For example, if the EUR/USD pair is priced at 1. Alexandra Williams has been a trader and observer since 2019. Rewards claimed as bonuses to your margin trading accounts will be summed with your currently active promo code rewards. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. This leaves the trader with a smaller loss of say 20–30% of the margin, instead of a complete loss of all the asset. PrimeXBT Bonus 50 is a special offer provided by the PrimeXBT platform, where users can receive an additional $50 on their trading account after meeting specific deposit conditions. Following a VIP tier level, here is what traders on Bybit can expect to pay for trading fees. My deposit was credited after 20 network confirmations, which took a few minutes. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Unlimited via Perfect Money. However, if you are new to cryptocurrencies or if you don’t have bitcoins at the moment, you can buy BTC using a Credit Card fiat currencies via this PrimeXBT’s partner and have it transferred to your PrimeXBT wallet. So, should you use mobile trading. Finally, they also have advanced hardware modules where they run their trading technology. Both platforms follow industry best practices, and that is that they both keep the majority of their crypto in cold storage, out of the reach of hackers. These will be processed almost instantaneously. You can only withdraw fiat using the same payment method you used for deposits. However, the lack of regulation should be considered as a potential risk. A strategy is a pool of a trader’s personal funds which are visible to the public and can be followed by other customers on the platform. Alternatively, trading currency pairs with favorable interest rate differentials can result in positive swap rates. Trading fees on PrimeXBT are straightforward, with a flat rate of 0.

Is Crypto Games Safe to Play? An In Depth Review

No, PrimeXBT does not currently offer any services to residents of the United States. To learn more about this highly anticipated featured, check out the sneak peek. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. 1% of the required capital in order to take out that position. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. Before placing a leveraged trade, check how correlated markets are performing, such as equities or interest rates. 1M+ community members. The platform supports various order types, including market, limit, and stop orders, providing flexibility in trade execution. Manage your trades easily using the PrimeXBT mobile app directly from your Android device. © CryptoRunner 2017 – 2025. While there are a huge amount of potentially market moving events that can fall under the umbrella of “fundamental analysis”, there are certain ones that are much more important than others. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. The platform’s support staff was recently honored by a respected influencer in the crypto community, therefore may simply be expanding customer service operations further to maintain quality as the business scales. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. Open the downloaded file and tap Install to complete the installation. Receive the latest news and stay informed. Receive the latest news and stay informed. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Scan this code to download app. Learn more in our “What is copy trading” article and discover the best crypto copy trading platforms in 2024.

Step 3: Withdrawal and Review

In the following sections, we will explore the specific steps involved in changing leverage on PrimeXBT and the factors to consider when making adjustments. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Potential for high profit sharing for traders. Terms like 200 Day Moving Average, Relative Strength Index, and Moving average convergence divergence, as well as many others, all come into play and need to be understood and implemented in a strategy. EOS is supported by one of the most important developers in the space and is one of the largest initial coin offerings in history. Of contracts x value of each contract x closing price – opening price. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. With the right approach, trading Dogecoin on PrimeXBT can be a valuable component of a diversified investment portfolio. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Select additional content. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. Traders can scour through some of the top performing traders and choose to copy their trading activity, providing a potential side income. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. It will also help you identify if you have accidentally landed on a phishing site of some sort. However, insurance coverage is still rare within the crypto industry. The ask is always higher than the bid. Hands down, using leverage is the best trading strategy to make money with Bitcoin. EOS/BTC: EOS / Bitcoin. BitMEX, on the other hand, specializes in cryptocurrency derivatives trading, offering high leverage and sophisticated trading features. MEXC does have KYC, but it isn’t mandatory. Understanding the basics of leverage is the first step in effectively managing it on PrimeXBT. From beginner guides to advanced trading tutorials, there’s something for everyone. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. These limits help maintain the security and integrity of transactions. Powered by WordPress and Designed by Bizberg Themes.

Coinpresso

However, this is no longer the case, as it has become known that transactions on the blockchain are easier to trace than transactions made with cash. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x. My deposit was credited after 20 network confirmations, which took a few minutes. Enter your registered email address, and follow the instructions sent to your email to reset your password. This means finding someone who has consistently made money over time. In a world where data privacy and security are non negotiable, every user deserves an exchange that respects their rights, values their privacy, and ensures that compliance extends to all aspects of their operations. Scan the QR code with your device’s camera and get APK file. This Week’s Summary The crypto market ends the week at a total market capitalization of $2,67 trillion. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. PrimeXBT provides layered research content developed in house. Payouts are one of the most important factors to consider when choosing an affiliate program. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. The broker developed its proprietary trading platform, PrimeXBT WebTrader, which also has a mobile version. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. Regardless of which way you trade, protecting your trading capital is paramount, and a trade should never be entered without at least a stop loss order attached to it. Today 8 January 2025 Litecoin LTC/USD is trading at $103. And please keep in mind that these are only valid for the period of time surrounding the writing of this article at the end of November 2023. Some products and/or services might not be covered by the Compensation Fund. Crypto wallets can be paper, digital or physical. 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. 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. PrimeXBT will automatically close out the open positions in the negative as they need to manage the risk that they have on their books, resulting in lost funds for the trader. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies.

We encourage constructive feedback

Below is an in depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency. I believe that blockchain technology can build a brighter future and am excited to be part of it. IOS and Android apps make trading on the go easy. The platform’s design is sleek and intuitive, minimizing the learning curve for new users. To view your active bonuses on PrimeXBT, you can follow these steps. 2 of PrimeXBT’s Terms and Conditions. This is a question that a lot of enthusiasts of the cryptocurrency markets are asking. 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 projection indicates that in 2025 Stellar’s pricing may rise due to widespread industrial usage and favourable regulatory clarity. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. Some of the most important ones include. I would recommend it for anyone new to trading. You need to keep a close eye on what’s going on. The platform also has a mobile app. However, it also comes with a higher risk of liquidation due to increased volatility. Happy trading and stay safe. Comments: Prime XBT earns a five star rating for its outstanding features, making it an exceptional choice for businesses looking for an effective cryptocurrency exchange solution. One remark please add a general bright color scheme because changing colours of everything one by one is a bit uncomfortable. Use the Crypto you buy to purchase goods or services at participating outlets. Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto. They have developed their own trading technology, making the platform robust with plenty of key features. It has five separate embedded wallets within the exchange. Here are the similarities and differences in the functionality of these terminals.

Disclaimer

By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. The Dogecoin community collectively dove into speculations over its price predictions, its market cap, and how they may affect the future of Dogecoin. At PrimeXBT, we’re committed to giving you quick access to multiple markets. To take advantage of and claim the Welcome Bonus offer. Register and join our community with millions of traders from all around the world. 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. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. There are different types of leveraged tokens, but generally, they aim to deliver a return that is a multiple of the underlying asset’s performance over a specific period. Mimicking this strategy manually will be cumbersome – as you’d need to be glued to pricing charts. The content is written in an easy to understand language without intentionally misleading language. This allows users to trade BTC and other assets with leverage, significantly increasing potential gains. It took on early life on Reddit where it was used as a payment method for tipping other users. 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. Unless you’re an experienced trader outside the U. PrimeXBT does not accept as clients residents of the United States, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, American Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. The platform utilizes a tiered fee structure based on your 30 day trading volume. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. Our human support team is here to help 24/7, in your language. Besides my profit, the exchange charged an extra £29 in fees.

Worse

Get a modern CFD trading experience in your web browser, no downloads required, with the easy to use PrimeXBT WebTrader. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Third party service: you can use third party service, such as Coinify TC, which allows you to buy BTC, ETH, USDT, and USDC using your bank card, SEPA bank transfer and have it transferred to your Prime XBT wallet. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Paying close attention to your risk is the most important thing a trader can do and is especially paramount in these accounts. Like many other Altcoins in the cryptocurrency market, the price has been fluctuating between a high of $0. PrimeXBT offers its traders 3 different types of orders for entering and exiting trades. Though founded and registered in Seychelles, with offices in St. 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. The platform offers a multitude of advanced features, competitive fees, and robust security measures. Learn more about Baksta’s Legal Terms. This website is owned by PrimeXBT PTY LTD. This website is owned by PrimeXBT PTY LTD. Active users across the world. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Country:

The key dates in the XRP vs SEC case are. And in addition to these advantages, comissions are minimal. Unlike Bitmex, PrimeXBT features a mobile trading app for both Android and iOS devices that provides the exact same trading experience as the web platform powered by the same robust API and technological infrastructure. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. If you speculate with 1 bitcoin that XRP price will surge against BTC in 24 hours and it does increase by 10%, you’d make a profit of 0. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. Much of the content focuses on topics like “Which is a better investment: Bitcoin or Gold. Understanding the fee structure is crucial for managing trading costs effectively. Its decentralized and security related consensus method depends on a network of reliable nodes. You only need to fill the Amount of asset you are willing to buy or sell. 008 by the end of the year. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading. For all questions, security issues, product related inquiries, and business proposals, please reach us.