PrimeXBT: A Comprehensive Review of a Leading Financial Trading Platform

Early in the 2010s, Jihan Wu—a name linked with cryptocurrency innovation—started his adventure in the realm of digital currencies. Perfect Money Account ID used to make a deposit will be preselected automatically. You can still conduct fundamental analysis on Bitcoin despite the market being new. Overall, PrimeXBT’s legality in Germany hinges on its adherence to German regulatory standards, as well as users’ compliance with local financial and tax laws. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. The PrimeXBT team is committed to 24/7 customer service. 📈 Discover PrimeXBT’s innovative copy trading feature. Doing so would demonstrate a security commitment for client deposits since PrimeXBT exclusivity operates with Bitcoin. More experienced traders can put their hands on less liquid coins as well. A triple attempt for the asset to break its peak price indicates a potential decline in price action if the pattern is confirmed. To purchase BTC in US dollars, users can pay with Visa/Mastercard or via bank transfer. PrimeXBT does not charge fees for Crypto and Fiat deposits. Trade: Details of orders and positions can be found on the trade page. PrimeXBT employs advanced encryption technology and two factor authentication 2FA to safeguard user data and transactions. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. 000080, and an average price of $0. Some of the other options you can check out instead are eToro and Currency. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Trading derivatives is also a way to use leverage, and this includes options, futures, and CFD markets. In February 2024, the Cardano market seems to be gathering momentum. Funding your account is swift and easy; it starts by depositing funds to all your crypto addresses connected to your dashboard. These include all of the momentum indicators as well as relative strength and volume based studies. This means you can go long and short on several crypto assets. Never Miss Another Opportunity. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Market volatility could make this especially tricky, and therefore should be monitored in order to protect your trading account. Your trading plan will also allow you to employ market analytics tools. Normally, solid, reputable platforms offer no cost for signing up, and very small minimum deposits.

PrimeXBT Trading Platform in Germany

In terms of fees on the platform, there are a couple of things you should know. Using such assets for a leverage trade can easily invite a sudden margin call. Secure environment: Security is paramount at PrimeXBT. As a result, clients can trade cryptos, traditional CFDs, as well as accessing the firm’s copy trading service and trading contests from one slick interface. The PrimeXBT trading platform values its users’ privacy. You can deposit any amount that would be sufficient to provide the required margin for your trades. Watch this quick PrimeXBT course, learn about it, click “Visit” on the lesson sidebar and get 7% deposit bonus coupon. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. ” On 13 December 2022, FTX founder and CEO Sam Bankman Fried, after being extradited from the Bahamas, was charged by the US attorney’s office for the southern district of New York with fraud, conspiracy to commit money laundering, and conspiracy to defraud the US and violate campaign finance laws. Cryptocurrency futures enjoy a variable leverage system up to 1:200. For traders seeking to amplify their potential returns, PrimeXBT offers leveraged trading options. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. The best platforms also offer discounts on fees to the most loyal users. Identify weaknesses in your tradingand take active steps each week to refine your skills, tools, or mental game. People use it to buy, sell, and store Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. Generally, the thing that takes up the most time for customer support staff is KYC verifications. It is important to set up stop loss orders and adhere to them. Understanding the fee structure on PrimeXBT is crucial for managing your trading costs and optimizing your profitability. New fiat account funding methods are also available for USD and EUR. People may want to avoid KYC because. This is why it is crucial to have a back tested system that has proven itself, and it is crucial not to take on massive positions. You can copy the trades of experienced investors using real time signals. PrimeXBT Sign Up Bonus does not offer a sign up bonus for first time sign ups or beginner traders, but a deposit bonus of 7% is offered. 2️⃣ You’ll be taken to a new page where you can enter your email and set your password. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. In the buy crypto section of the platform, users can exchange their crypto for fiat currencies and withdraw to their bank account. Users also have the ability to email support at. Simply put, for each ounce of gold exported, the country can import 10 barrels of oil. Fortunately our team of experts never sit still. 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 variety of assets

” The Relay Chain protocol determines the network’s shared security, consensus, and cross chain interoperability. During a CDD, PrimeXBT may require documentation for identity, address, and source of funds verification. None of the blogs or other sources of information is to be considered as constituting a track record. You slowly end up losing money. PrimeXBT does not offer the popular MetaTrader 4 MT4 or MetaTrader 5 MT5 platforms. Jumping into margin trading without a plan is like venturing into a battlefield unarmed. Essentially what happens is the supply of BTC is cut in half, but the people that want it doesn’t. If you are a beginner, the best way to start shorting Bitcoin is through margin trading, where you borrow ดูสิ่งนี้สิ Bitcoin from a broker and pay later on. It allows regular crypto traders to essentially automate their success by automatically copying the real time trades of proven professionals. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. Real world leverage trading may involve more complex market dynamics.

Who should invest in DOGE? Is investing in Dogecoin right for you?

There is also a PrimeXBT Turbo trading platform which provides you with the fastest means of completing transactions. By participating in these contests, traders can familiarise themselves with the platform’s various tools and features while gaining valuable experience in a risk free environment. Most of the people who got into the crypto space were through trading, unlike me, who got involved due to crypto scams. Other coins such as Dogecoin, have performed even better. Withdrawal fees start from $0. PrimeXBT takes the safety and security of its clients very seriously. I use data and warning lists published by regulators worldwide to analyze whether a brokerage is a legit entity. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. Learn more about other kinds of reviews. This guide has unpacked the fundamentals of leverage trading in Crypto, exploring key concepts like leverage ratios, margin, and different trade types such as futures and derivatives. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. PrimeXBT has done an excellent job. Users can trade long or short, with margin. In this case, cross margin would have not only prevented a liquidation, but would lead to a successfully profitable position once the market turned back around. Make sure that you read our PrimeXBT review to see what kinds of fees you’ll be facing for using this crypto leverage trading platform. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. It is based in Victoria, Seychelles. The RSI is easy to read, and even easier to use to build a successful trading strategy, especially when combined with chart patterns, candlesticks, and other formations. Compared with its competitors, PrimeXBT is relatively cheap. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading. The world of trading and Cryptocurrencies can be exciting, and the potential for high returns certainly adds to the thrill. If you are trading in a big volume, you can request for a more attractive volume based commission. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. Bit2Me Champions WEMIX Token in Pioneering European Listing. Confirm Withdrawal via Email. As soon as you hit one of them, this will trigger an additional window where you can select the specific type of order you want to place. You can click on each individual Contest for detailed statistics about your trades and the minimum qualification requirements.

Company

Traders gain access to the guides, latest analyses, and crucial trading tools. A browser extension is also being built – this should be launched in the coming weeks. 76 will invalidate the double bottom pattern and point to more downside. 25 ETH / 500 USDT / 500 USDC upon the conditions update. For example, you are unable to execute an x50 BTC futures contract using cross margin. PrimeXBT appears to be a legitimate company registered in Seychelles under the company name Prime Technology Ltd, Seychelles company nr. Based on the measure rule, the total crypto market should rise by a similar height and trajectory. 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. This gives the trader the advantage of making money on “borrowed funds”. Options are leveraged products, meaning that you can benefit from putting up just a bit of capital to control a larger amount of a commodity. This is why many prefer the term pseudonymous when it comes to crypto. This means that they can make money on a fall in the price of the asset. Thecombination of low trading fees and drastically reduced overnight financingfees creates an unparalleled opportunity on PrimeXBT for maximisingprofitability. Follow the same steps to trade Forex, Commodities, or Indices. Enter decentralised identity verification. To trade with margin, users must fund their trading account after making a deposit to begin trading. PrimeXBT, established in 2018, is an online trading platform that provides advanced financial technology to traders worldwide, helping them maximize market opportunities. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. The exchange offers a 100x leverage, or for every $1, you can trade up to $100. The first node that manages to do so is awarded with a set amount of LTC. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. At PrimeXBT, we’re turning up the heat during the Euro 2024 tournament with an exclusive giveaway that could see you. Shiba Inu is an extraordinarily speculative asset under the best circumstances, offering a certain amount of “high risk/high reward” appeal. Furthermore, you need to be very cautious about the amount of margin that you use on any particular trade because it does influence whether your gains or losses get magnified. PrimeXBT only accepts Bitcoin deposits, which allows it to offer its privacy focused business model.

Trading Platform

Users can also trade forex, products, and stock indices. This is a kinda versatile trading platform. Pepe Coin PEPE, a frog themed memecoin has jumped by 12% despite a huge sell off from a top market maker. Tailored to accommodate both newcomers and experienced traders, the platform integrates advanced trading options like margin trading and leveraged positions, enabling users to trade effectively in both rising and falling markets. I am impressed of the speed of responses of their customer support team. Traders should be cautious when utilizing leverage, as they will also be responsible for the losses of the increased position size. The overall winner is selected based on Return on Investment ROI at the end of the tournament. Customizable Experience. During the investment, the share price rises 33% to reach $80. Inexperienced traders or institutional investors can be fixated about entering trading positions when the price hits a round number.

Incredible Prime XBT

PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. Jito Staked SOL JITOSOL. Ethereum relies on smart contract functionality built into its transactions to support all kinds of agreements and tokenization benefits. Open your account and navigate to the “Deposit” section. PrimeXBT fees to buy crypto using a Visa or Mastercard is 3. Returns or profits may be subject to capital gains tax. It is one of the blockchain platforms looking to be very prevalent in the future. Moreover, it has over 10 million users at present, making it one of the most efficient crypto exchanges. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. Trade Bitcoin, Ether, Litecoin, DogeCoin, XRP crypto futures with up to 100x leverage along with top global stock market indices, commodities and forex with up to 1000x leverage.

Evgenios Limniotes

You can then buy, sell, and trade cryptos without giving any personal details or documents. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. Primexbt in this regard suit me most, thanks for infrastructure. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. I also like that although the charting interface looks and functions the same, traders need to switch between margin, spot, and derivatives trading, which in my opinion, keeps things more organized and less cluttered, helping to ensure traders don’t accidentally trade the wrong market. However, the platform does reserve the right to request details should a transaction be flagged as suspicious. To calculate the profit you have made, you multiply the difference between the closing price and the opening price of your deal by its total size. Indices and Commodities up to 1:100. These details are then summarised on Schedule D of your tax return. They offer real time Crypto signals that are published frequently, far reaching and deep market analysis and is populated by active traders. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. The Economy Forecast Agency predicts downside for Dogecoin after continuing its drop that started towards the end of 2023. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately. Conditions for change Remember that this situation/chart can easily. When you enter into a contract with the broker, you will have a number of days after which you need to repay the borrowed amount. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. It’s worth mentioning too that they have a secure and easy to use platform for both new and experienced traders. A solid trading plan is your roadmap to success. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. Here you will find a full list of currencies that we support on our exchange. This partnership allows PrimeXBT to offer a Covesting copy trading solution. A rising ADX line suggests the strengthening of a trend, while a falling line indicates a weakening trend. Referral Program: PrimeXBT offers a lucrative referral program. Markets are cyclical, so in time, even Dogecoin will see another potential bull market breakout, and this seems to have started earlier in 2024 than expected and may continue into 2025. 📱 Access copy trading anywhere with PrimeXBT’s mobile app. On the other hand, this led to the creation of new coins and enterprises, all of which functioned in isolation from one another. The tick higher comes as unemployment is at a record low, and Q1 wage growth was stronger than expected.

We encourage constructive feedback

PrimeXBT furnishes users with the necessary data to track account activity. While digital assets like Bitcoin, Ethereum and other coins strive for decentralisation, XRP is wholly owned by Ripple. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. With a blend of contemporary crypto trading and traditional financial instruments, PrimeXBT positions itself as a multifaceted platform for both novice and experienced traders. Leverage is expressed as a ratio, like 5x or 10x. Like the internet before it, it will take time for developers and front end solutions to catch up with other modern technologies that help to bring the crypto asset into the mainstream. PrimeXBT is a prime example of a customizable, user friendly trading platform. The benefits that PrimeXBT provides are outweighed by the negatives. Trading involves risk. By copying the trades of successful traders, beginners can gain insights into successful trading strategies and potentially increase their profitability. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. Now, when Bitcoin’s price is stable, it is a perfect time to trade small movements with larger leverage. These scores are indicative of a sound and functional app but the sample size is rather small, with only 10,000 downloads on Android devices. Forex Rebates Calculator WidgetCompounding Calculator WidgetDrawdown Calculator WidgetTop Crypto Currencies WidgetCryptocurrencies Heatmap Widget. By specializing in CFD trading, PrimeXBT allows traders to speculate on the price movements of assets without actually owning them. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. 002 ETH per transaction. The hope is that without these content creation middlemen, there will be a lot less costs involved in creating content which pays off for the consumers as well. This way, you spread out your risk and open up new opportunities. Compare and filter crypto exchanges based on support cryptocurrencies, payment methods, average prices, features, and much more. Bitcoin Daily 1D Chart Analysis by Alan Masters Good Saturday, let’s start by calling our attention to the “Purple trendline”, notice. Therefore, the place where you can short Bitcoin depends on the strategy you are using.

Girasoles

This is fantastic news for all types of traders, from day traders all the way up to those who hold very long positions. Deposits are free, but there are withdrawal fees for cryptocurrencies. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. 0005 BTC while ETH is charged 0. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. When a futures contract expires the parties are required to honor and settle the contract, regardless of the asset’s market price at the time of contract expiration. To register on PrimeXBT, you need an email address and a password. Traders are looking for maximizing their profit by utilizing any and every feature they can get. 10 Best Forex Broker South AfricaBest Forex Brokers with ZAR Accounts6 Best Forex No Deposit Bonus10 Best Trading AppsForex Trading in South AfricaTop Successful Forex TradersScam Forex BrokersUnregulated Forex BrokersNo KYC Forex BrokersBrokers with Minimum $1 DepositBrokers with Minimum $5 DepositBrokers with Minimum $10 Deposit. Users of PrimeXBT can fund accounts through direct crypto deposits BTC, ETH, USDT, USDC, and COV, direct cash deposits using Perfect Money or AdvCash, note that this requires completing account verification, or by buying crypto through the connected 3rd party BAKSTA. In this PrimeXBT review, we will cover the platform itself, the features it offers, and will also give you some top trading tips that you need to know. Our website uses cookies. 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. Firstly, it offers a diverse array of assets — from crypto CFDs to stock indices — focusing on innovation for a seamless user experience. 7% last week, marking the fourth straight weekly decline and its largest weekly decline in almost a year. Our commitment to privacy is paramount, reflected in the meticulous design of our operations and infrastructure prioritizing personal data protection. Finally, all of the changes and upgrades clearly reflect PrimeXBT’s client focus, incorporating user feedback to improve the overall experience on offer. Io, offering educational resources and technical indicators tailored for cryptocurrency trading, enhancing the trading strategies on PrimeXBT. Paying close attention to your risk is the most important thing a trader can do and is especially paramount in these accounts. A lot of “hot money” came flowing into the ecosystem; for crypto, and of course Ethereum for that matter, price stability will be needed to become an everyday part of people’s lives. A well defined trading plan includes all necessary points, that you consider important, for trading the markets. Read the most frequently asked questions about PrimeXBT. PrimeXBT is not available in the United States and minor outlying islands. Customizable charts, technical analysis, and leverage trading enhance the experience, creating successful traders anywhere in the world. All your trades are non custodial, so Bisq never holds your funds, and all data is transferred using Bisa’s own secure, peer to peer network, built on the Tor network. Investors and traders can lessen position size or deposit more funds to prevent this from happening, and most platforms give at least some warning before this occurs. Losing a trade using leverage means that you lose the difference from the entry to exit price of the larger position. The large variety of assets on one platform make it ideal for traders seeking to diversify their portfolio or find more opportunity in general.

Ben Beddow

Plus the fees are truly low, you pay only 0. However, there are fees on spreads, commissions, and overnight swaps. When it comes to short selling, the opposite applies. How to claim a 50% deposit bonus on PrimeXBT. Regulatory developments can have a significant impact on the Cryptocurrency industry. Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. By creating account with us, you clarify you have read and accepted the Privacy policy and Terms andConditions. Stellar and Ripple provide developers with tools, resources, and support to build applications on their networks, fostering innovation and growth. Now, wouldn’t that be something we all want.

Exclusive Crypto Deal List of 2023

If you’re just getting started with crypto, you’ll want an easy and reliable way to purchase tokens like BTC. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Si tienes alguna pregunta sobre nuestra estructura de tarifas o necesitas más ayuda para navegar por las condiciones comerciales, no dudes en escribirnos a:. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. And it doesn’t matter if you are working with a person or a company. Partners can also earn up to $2,500 CPA per qualified client. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The first time a halving was committed, in November of 2012, BTC price was $13. PrimeXBT offers best security measures that ensure safety as well as privacy of the users. I have screenshots as evidence. PrimeXBT does not specify a fixed minimum deposit amount to start trading. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. The trader needs to trade whatever they are comfortable with. 01% make active trading affordable. Strategic partnerships, increased utility in DeFi, and adoption in various blockchain applications have also played significant roles. Before making financial investment decisions, do consult your financial advisor.