PrimeXBT Review – Margin Trading FAQ

As a cryptocurrency trader in the United States, you may have come across PrimeXBT, a global trading platform that offers a wide range of trading opportunities, including cryptocurrencies, commodities, and indices. As is the case with any exchange, there is always a possibility of hacks. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. The speed and responsiveness are truly remarkable. Prime Technology Ltd is PrimeXBT’s Technology Provider. The Bitcoin ETFs were only the beginning. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. It further supports multiple currencies and plans to expand this selection, including fiat options. Paying close attention to your risk is the most important thing a trader can do and is especially paramount in these accounts. Here, copy traders can earn 75% profit share. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. The possibility of profit windfalls is numerous, especially when the underlying company or asset has a major fundamental flaw. Prices for currencies and other trading assets are derived from liquidity providers, which include banks, financial institutions, and other market makers. However, the risk is that if the trade is unsuccessful the losses can be magnified too. There have been investors out there that have been burned twice by crypto bubbles, so the question now is whether or not there’s going to be any real adoption. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. This way if ever you lose this trade, your account won’t lose more than 1%. It’s great to hear that you discovered the full potential of PrimeXBT beyond just buying BTC or ETH. 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. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. 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. Download The Free App, Get Access To It All. Mostbet’te Spor Bahisleri Nasıl Yapılır. Holds a Bitcoin Services Provider BSP alătură-te platformei license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Additional terms may apply to free offers.

How to Use PrimeXBT for Margin Trading in 2024: A Complete Guide

Moreover, users can conveniently transact in US dollars. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. The best known blockchain continues to blossom in popularity with crypto casino users. We should also note that there is another in our opinion, simpler and more convenient way to register and authorize in the platform via Google or Apple. If you need further assistance or have more feedback, please don’t hesitate to reach out at. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. Depending on your jurisdiction, some products or services might not be available. Google’s two factor authentication. This indicates that PrimeXBT has many users and a lot of investment. They offer a wide range of assets to trade and very quick trades. Are you looking for the best bitcoin trading platform or a place that supports a wide array of cryptocurrencies. Reply from PrimeXBT Copy Trading. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. The app has been available to iOS users for some time. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. Bitvavo is a cryptocurrency broker based in Netherlands that launched its service in and offers individuals to buy and sell more than 85 cryptocurrencies. To trade with margin, users must fund their trading account after making a deposit to begin trading. This method effectively measures the capability of customer support to assist both active traders and casual investors. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. In summary, PrimeXBT combines high leverage, a wide range of assets, and an easy to use interface. Key aspects of PrimeXBT’s customer support include. Scan this code to download app. As the crypto world changes, PrimeXBT’s ability to keep up will be key to its success. This is accomplished via its distinct technology and innovative strategy. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. The content of this website is not intended for residents of the European Economic Area or the United Kingdom.

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Below are the discounts that you can earn based on the 30 day rolling trading volume. As these cycle theories play out, and the macro landscape heats up, potential trading opportunities can emerge. It allows traders to follow the trading strategies of more experienced investors, potentially boosting their chances of success. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Corn and Soybean prices actually experienced the opposite affect. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Yes, each promo campaign comes with its own set of rules and conditions. Passwords are protected with bcrypt hashing; sensitive data is encrypted.

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Register and join our community with millions of traders from all around the world. That is not entirely true. 0 rollout goes smoothly and is done quickly. Regular maintenance helps keep the platform running smoothly, enhances security, and ensures that users can continue trading without disruptions. Get access to a wide range of trading, investing, and Crypto services from a single app. Celebrate Ramadan with an exclusive 14% Deposit Bonus, up to $7,000. Thus, copying trades in PrimeXBT gives customers the opportunity not only to earn on cryptocurrencies without spending time on trading, but also to get additional benefits from it. Social trading is an exciting and innovative way of trading in the crypto market, but it comes with its challenges and risks. In conclusion, PrimeXBT is a robust trading platform that offers advanced features like copy trading, a user friendly interface, and competitive fees. One advantage that OKX has is SEPA transfers, which are used mostly in the European market, providing options for cost friendly deposits. The best thing about short selling through the prediction market is that you do not have to borrow money from anyone; hence you will not be incurring additional interest during your trade. Having been a retail trader since 2013, Plamen has gained an in depth understanding of the challenges that novice traders face today. The broker does not charge handling fees for payments; however, third party processing fees may apply. While it offers the allure of magnified profits, it also comes with amplified risks. This includes most “signals” groups which may also be PnD groups by disguise. 📸 Instagram: Latest news and updates on PrimeXBT’s Instagram. If you ever need assistance or have any questions, please feel free to reach out at. Trading on PrimeXBT offers several benefits that enhance the trading experience for users. Prime XBT Blog Has Moved To — primexbt. Although they have the same commission for your direct referral, BitMEX does not offer tiered referral payouts. 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. This means it’s almost impossible to know who the true owner of the company is. Our human support team is here to help 24/7, in your language. Users can go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto.

PrimeXBT Customer Service Test

We’re delighted to hear that we exceeded your expectations with our prompt and helpful responses. Other companies have also shown interest in adopting Bitcoin, which can lead to strong demand for the coin. Information regarding past performance is not a reliable indicator of future performance. I opened this long position with a tight stop loss. Position trading is also known as trend trading. When funding your PrimeXBT account, you may encounter deposit fees, depending on the payment method you choose. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. These fees, often referred to as swap fees or rollover fees, can significantly impact the overall cost of trading. However, PrimeXBT does not provide any third party content. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. The main difference is a decreased block generation time of just 2. How to Spot and Avoid Scams on No KYC Platforms. Returns or profits may be subject to capital gains tax. If don’t have crypto to fund your account, head over to Changelly, click the “Buy” tab, and follow the on screen instructions to purchase your desired cryptocurrency using fiat money. Technical analysis is a methodology utilized to make sense of an asset’s anticipated long term value and growth prospects by examining chart patterns, trend lines, and other signals instead of statistics and data. Of Banking finds that exchange or transfer of most virtual currencies, standing alone, is not money transmission requiring a license. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Trading cryptocurrencies with leverage has become increasingly popular in recent years. Volet deposits are free, while Perfect Money charges a 1. However, if you are trading small positions, then it becomes much less dangerous. For customers who desire to trade and invest in stocks in addition to top cryptocurrencies and do not mind having a smaller selection from which to choose or only desire access to the top 20 cryptos on the market, Webull and Robinhood are brokers that offers US equities and a small selection of cryptocurrencies. Twitter: aylerTBMLinkedin. Analytical tools and configuration options allow for multi angle examination, but the ease of scaling price action is what truly matters. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. How volatile a market is affects how quickly the price of assets can change, so be prepared. You can open an account and start trading with just your email address. If you rank among the top traders, you’ll earn real money to trade with.

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Do not stray conversation far from the post you’re commenting in. The pricing structure may also be slightly complicated for new traders. 💰 Cold storage secures all customer assets, with manual daily withdrawals and thorough risk assessments, prioritizing fund security over transaction speed. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. PrimeXBT has established a reputation for providing secure trading environments and advanced trading tools. US residents may find the exchange particularly appealing and it is one of the few exchanges that does not specify that services are restricted for US residents in its terms of service. Whether I’m running multiple demanding applications simultaneously or engaging in resource intensive activities like gaming or video editing, Prime XPT handles everything with ease. It also provides a breakdown of individual crypto and US dollar balances. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. BC Bitcoin is a cryptocurrency broker based in Lithuania that launched its service in and offers individuals to buy and sell more than 24 cryptocurrencies. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. I will post pictures of the emails to prove the responses. The next sections will delve deeper into each type of fee, providing you with detailed information on how to manage them effectively. The spot market is the simplest way to approach the commodity markets, as it is simply buying or selling something at an agreed upon price. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. The Bitcoin Cash fork in 2017 helped drive Bitcoin price to all time highs and take the rest of the crypto market with it. Trading involves risk. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. What should traders know about the PrimeXBT account opening process. Ripple XRP, a cryptocurrency designed for fast and efficient cross border transactions, has been the subject of much speculation regarding its. Join 1M+ traders who choose PrimeXBT as their go to trading platform.

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Both PrimeXBT and Binance have distinct fee models that cater to different trading activities. The layered architecture of Cardano is one of its distinctive qualities. The $900 mil TVL makes total sense to me now. 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. This means it has a future, though not as bright as other cryptocurrencies with better or more viable tokenomics. Advcash account email address used to make a deposit will be preselected automatically. O design é intuitivo, facilitando a navegação dos traders por várias seções e a execução de negociações rapidamente. Bybit has a great selection of over 400 crypto assets and almost 600 trading markets, which is quite impressive, it is no wonder that Bybit has become an oasis for crypto trading. Below is a table to compare the available methods. By using a CFD, you and a counterparty agree to settle the difference in value once the trade is closed. 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. By being aware of these potential fees and managing your account activities accordingly, you can minimize the impact on your trading budget. Phone support is unavailable. 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. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. 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 document must be valid, and the information on it must match the details you provided during the account creation process. So for me it’s a favorable experience no matter what. The results are shown in the table below. Yes, you can short Shiba Inu via either the futures contracts on an exchange or through the CFD market at PrimeXBT. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT Instruments: My Key Takeaways. The promotion is active from 11 March through 9. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. This allows you to follow the strategies of other successful traders and copy their trades, potentially increasing your returns. Withdrawal fees start at just $0. From beginners with a standard account to seasoned professionals with platinum accounts, each tier is designed to provide specific benefits that enhance the trading experience.

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This project is featured as an ‘Untracked Listing’. Global USA not allowed. If not, some traders claim that it should still be able to recover in the next couple of years. PrimeXBT does not charge any deposit fees. There is also a copy trading tool called Covesting. They allow investors to buy shares representing a fraction of an underlying asset or basket of assets. Litecoin has been through two bear markets now, and after the first peak fell to as low as $1. 1M+ community members. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. 63 billion, it is currently trading near $0. We always provide our clients with the latest and greatest in trading tech. Seek independent advice if you have questions or do not fully understand the risks. On their web page, they are officially registered in Seychelles with offices in St Vincent and the Grenadines. Carnival season brings excitement and celebration to Latin America and worldwide. For carrying a position overnight. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The fiat withdrawal process was straightforward but took a long time. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Unlimited for verified users. Here is a look at the Bybit trading interface. Government gave them, which they ignored. Date of experience: December 31, 2024. It’s important to note that a stop order, whether stop loss or stop entry, doesn’t guarantee that the trade will be executed at the stop price. It’s reliable, with fast execution speeds, making trades 100% efficient.

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PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. As the market moves against your position the trading platforms PrimeXBT offers will add margin to keep that single position or existing positions open. Deposits are free, but there are withdrawal fees for cryptocurrencies. This way, PlutoChain might improve transaction speeds, reduce costs, and expand blockchain functionality for users and developers. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. UK clients benefit from negative balance protection, segregated funds, and a compensation fund in the event of broker insolvency. However, we don’t know your specific situation. Scan the QR code with your device’s camera and get APK file. PrimeXBT, on the other hand, charges overnight funding fees for holding leveraged positions. At the resistance level, the uptrend will pause as the selling pressure increases. Token sales that are held by cryptocurrency exchanges are commonly called initial exchange offerings IEOs. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. PrimeXBT does not charge any deposit fees. It also trades from one place to another successfully. Here are the main chart patterns to learn. If you are on the winning side and see that it is time to exit a trade, what happens is that the platform freezes and goes to a blank screen, at this point there is no way of managing your position and once your back in, your profits are gone, stop loss hit and now your at a loss for the trade fees, overnight fees, and the stop loss that you were willing to risk. Com shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. You can also short a market with leverage if you wish. Zengo Wallet is the crypto wallet for everyone. If you have any further feedback or questions, we’re always here to assist. Overall, the PrimeXBT mobile app receives positive feedback from traders, reflecting its effectiveness and reliability as a trading platform. However, depositing fiat currency requires KYC verification. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. PrimeXBT’s Covesting Copy Trading feature allows you to automatically replicate the trades of successful traders. Go to Settings > Security and enable Install from Unknown Sources if prompted.

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If your strategy and trading plan are based on limit orders, then do your market analysis and determine the best possible level to place your orders. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. 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. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. 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. All the complicated tax calculations are automatically done for you. Additionally, there are no hidden fees or commissions, allowing traders to keep more of their profits.

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Daniel Polotsky, founder of CoinFlip, predicts XRP will end the year at $0. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. If you are spot trading, opening short positions against a trend, only to find out that the trend is continuing then an isolated margin account will help you avoid your account being affected. The primary advantage of margin trading is the potential to realize more significant gains due to the increased trading power. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. PrimeXBT may at any time in its sole and absolute discretion, without notice or assigning any reason therefore, terminate a Promo campaign, or delete, vary, supplement, amend, restrict, withdraw, or modify any one or more of the Promo campaign rules and conditions, including without limitation, eligibility of any client. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Overall, we likely know a bit of a dip at the beginning of the year, only to turn around and show signs of strength again. Typos when entering numbers. You can read more about the legal terms and conditions in the Legal Center section More tab on the main page of the website.

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Traders must apply for the program with eToro, while PrimeXBT is a peer to peer trading community that anyone can join regardless of skill level. PrimeXBT offers a beginner friendly platform to initiate your investment journey. Also, it is now a global crypto exchange with a presence in more than 150 countries. Unlimited via Perfect Money. Leverage determines a trader’s overall market exposure. Receive the latest news and stay informed. A withdrawal requested before 12:00 UTC will be processed on the same day. Our website uses cookies. Using both bots and advanced algorithms the Sparrow’s team generates signals, but also offers its clients the ability to use their own bot to automate their trading. Delve into our detailed Crypto. Unfortunately, there have been significant issues with fraud in the crypto space, with FTX being the worst case. Brand operating since. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. If you have any questions or need assistance with the platform’s features, feel free to reach out to. Learn more in our Cookie Policy. Every affiliate program has its own campaign rules, and each one is important to consider when deciding whether the PrimeXBT affiliate program is the right choice for you to promote. The design is modern and visually appealing, with a focus on functionality. This section will provide an overview of the available asset classes on PrimeXBT and offer guidance on selecting the most suitable ones for your trading strategy. PrimeXBT is quite transparent with its fees. The responses were fairly detailed but lacked accuracy in addressing all queries. Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. Scan this code to download app. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately. PrimeXBT has access to over 12 liquidity providers and has an average daily trading volume of around 1 billion at the time of writing and is used by a few million users located around the world. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa.