PrimeXBT Employee Reviews

PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs. Still, you will need to decide which Cryptocurrencies you would like to trade. The required margin is different for each trade, so make sure your account is appropriately funded. Privacy practices may vary, for example, based on the features you use or your age. This website does not provide investment, financial, legal, tax or accounting advice. Key features of the PrimeXBT trading platform include. The responses were fairly detailed but lacked accuracy in addressing all queries. 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. In terms of supported cryptocurrencies, PrimeXBT’s repository is quite small and may not be a favourable option for some investors. With its user friendly interface, convenient features, and continuous innovation, it appeals to both new and experienced traders. The mobile app is ideal for staying conveniently connected to the markets anytime, anywhere. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. The value of your investment can go down or up, and you may not get back the amount invested. Navigate to the Withdrawal Tab. This allows traders to benefit from bigger gains, but also can lead to bigger losses. 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. Users can also buy and sell crypto tokens like Bitcoin and trade in the brand’s virtual contests. PrimeXBT Coupon: Get An Additional 50% Off $50+ All Trade Fees. It only accepts crypto transfers from other exchanges or digital wallets in.

Trading Tools and Features

As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. We’ve also highlighted the importance of developing a well defined trading plan that incorporates risk management strategies. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. However, it’s still unclear whether the platform merits investment. PrimeXBT presents an interface that’s both customizable and user friendly. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Typically, users can deposit cryptocurrencies directly into their PrimeXBT wallets. The limit price is the price that the trader sets. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. You can participate in multiple tournaments at the same time. Withdraw funds from your Trading account ONLY when available margin is sufficient and you are comfortable to continue trading without provided Bonus;8. We earn the trust of clients by being clear about everything from the very start. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. Copy traders can earn up to 75% of the profits, while experienced traders can earn additional income by acquiring followers and sharing up to a 20% profit share from their strategies. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Trading fees on PrimeXBT are straightforward, with a flat rate of 0. This adds an additional layer of security by requiring a second form of verification beyond just the password​​. You have to use your custom referral link to invite people. Besides, it protects your password and privacy by hashing them using bcrypt with a cost factor of 12 and encrypting all other sensitive data. Choosing the right platform is extremely important before depositing any capital anywhere. 9 USDT for every 8 hours. Unfortunately, most traders do not spend the time necessary to backtest a system and will simply come up with the latest and greatest thing on a forum to start putting money to work. Home » Exchange Reviews » PrimeXBT. 62 mark, that would mean a 2045.

◾️What is the minimum and maximum amount for a withdrawal?

Traders can add widgets, panels, charges, messages, and more to their dashboards. Registered in England https://primexbtinvest.com/referral-bonus/ No. Traders can also access traditional assets like commodities, stock indices, metals, and forex currencies all under the same roof. CoinEx is a no KYC exchange that serves users globally including in Europe, North America, and Australasia. Hello Axel,Thank you for your feedback. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Optional KYC and a demo account for practice are also available. Bybit also felt more modern, ergonomic, and was more aesthetically pleasing in my opinion and felt more akin to a crypto exchange. This is because the Chainlink network will be utilized more and receive vital upgrades. These apps will allow you to place trades and monitor open positions on the go. We’re thrilled to hear that your trading experience has been so positively transformed since switching to PrimeXBT. This isn’t the case with crypto withdraws: they were processed within 12 hours for us, so keep that in mind in case you need to access your funds immediately. PrimeXBT also offers copy trading through its Covesting module. 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. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. 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. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Additionally, OKX also enables users to create a custom bot strategy, although this is more geared toward seasoned traders. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Key features of PrimeXBT Copy Trading include. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. For those traders who are more technical, they may prefer a broader range of order types and functionality. Bitcoin’s impact on the environment was subject to extreme public controversy, with Tesla CEO Elon Musk at the center of it all.

PrimeXBTUser Reviews

Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Chainlink is a decentralized oracle network that provides real world data to smart contracts on the blockchain. With Level 1 KYC, you’ll be able to withdraw USD, trade, and deposit fiat and crypto up to a certain limit. 32 to send USDT over the BEP20 network. Make sure to keep your payment method information up to date and promptly notify PrimeXBT of any changes. 339 sk no 10/ ABağlar / Diyarbakır. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Leveraging smaller price movements can indeed be a strategic approach, especially when combined with our low fees of only 0. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. The conditions weren’t met, so the order wasn’t triggered. It must be entered into a special box on the site. Products crypto futures commissions●Products CFD Commissions. You’ll receive a warning if there is anything in the order that could prevent you from setting a Stop Loss. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. If a withdrawal request is submitted before 12:00 UTC, it will be processed the same day. This is better than the other futures exchanges such as BitMEX for example. Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. These products are not suitable for all investors.

Does PrimeXBT require KYC?

Alternately, if the price rises, you then lose on the trade. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. You’ll also need enough money in your account to cover any potential losses if your transactions go wrong. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. This means that for transactions to execute on the platform’s wallets, they need to authorize the transaction from a number of key holders. It has been a positive experience. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. This bonus is credited as a reward in the trading account and can be used as additional collateral to open positions. Here is a look at the margin requirements for some of the 51 forex pairs available. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. By Matthew Hayward, Senior Market Analyst at PrimeXBT. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Trading Platforms by Deposit. All too often, however, a futures trader will roll over their futures contract before the expiration date, meaning that they settle the difference on their existing contract, making either a profit or a loss, and immediately purchase the same position on a contract with a different expiry date. PrimeXBT stands out as an all encompassing trading solution, offering a wide range of assets, including Cryptocurrencies, Commodities, Forex, and Indices. This product is an excellent passive income and can work great even for newbie traders yet to master leverage trading and covesting but still want to make some money with their crypto. You can track the status of your promo codes under the ‘Promo campaigns’ section. During the withdrawal process, all applicable fees are clearly presented, enabling users to fully understand the costs involved before they confirm their transactions. If you are a cautious trader, you might want to choose an order type that will enable you to limit losses. We utilize Bitfury’s Crystal AML compliance software and blockchain monitoring toolset on all incoming transactions. In addition, you’ve defined that you want the RSI to return to normal conditions before placing a trade and that there should not be any important market news scheduled for the day that could ruin your trading idea.

Jul 23, 2024

PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Upto 50x Leverage on other currencies. PrimeXBT is a cryptocurrency exchange with higher than average risk and the TU Overall Score of 4. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Nothing on the Website is, or shall be deemed to constitute, financial, investment or other advice or a recommendation by us in respect of any product or service referred to on the Website. Other users shared their experience on twitter. 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. Depending on where you are opening your margin account, there will be some rules that you need to follow. 🇮🇩 Indonesian traders, we’ve made transactions easier than ever. 20 days ago Kim Sorgson. Understanding these fees is essential for maximizing your potential profits. The Cryptocurrency market is known for its volatility, with prices experiencing significant swings. These added tools will come in handy in preparing strategies and learning from mistakes. You are still betting on the price movement of a currency pair, and you are still not taking delivery of the underlying currencies involved. With copy trading, there is no need to have a personal trading strategy. 🚀 PrimeXBT has been crowned the “Most Trusted Crypto Asset Trading Platform” at the Crypto Expo Dubai 2022. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. PrimeXBT Open Account. I have traded through many crypto exchanges but PrimeXBT is on another level. International users do not have to do full KYC to use PrimeXBT. 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. These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. It is because of this that the trader needs to have the skill and strict adherence to a money management plan.

PhanT

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. These products are not suitable for all investors. Please allow us 24 72 hours to review your comment. Bitcoin’s Next Move: Will It Break $67K or Remain Below $60K. Note: A special volume indicator is included so users can keep track of their trading volume. PrimeXBT has never suffered a hack or security breach during its operational history. Remember, while high leverage trading carries risks, PrimeXBT remains a robust option for diversified trading on a unified platform. PrimeXBT’s Covesting Copy Trading feature allows you to automatically replicate the trades of successful traders. Trading involves risk.

PrimeXBT Exchange Review 2021

This will redirect you to the trading page and chart of your margin account. If spreads are very narrow, you know liquidity is high. Note that this fee won’t execute if you enter and exit the position with the day. Scan this code to download app. That is not entirely true. Open the downloaded file and tap Install to complete the installation. Advanced trading concepts can be confusing for beginners. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Traders seeking swap free accounts for compliance with Islamic finance principles may need to consider alternative platforms that provide such services. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website. When trading on leverage, traders can potentially enhance their returns by a certain factor. Because cryptocurrencies are so volatile it is important to have access to such tools to maximize profits during drawdowns and uptrends. 2 months ago 101 views. Parity Technologies, erected by Ethereum co founder Gavin Wood in 2015, announced via a press release that they would end their maintenance efforts of the Parity Ethereum codebase. Cardano stands out from other cryptocurrencies due to its history as a blockchain project with a scientific foundation, its distinctive features like layered design and formal verification, and its dedication to sustainability and scalability. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. Get exclusive marketing tools and affiliate links to earn commissions effortlessly. One effective approach is to optimize the number and size of trades. Taking millions of dollars worth of ETH out of the system per day means less and less ETH to be sold into the market. Enter your account details and tap the ‘Login’ button. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. This can range into five and six figures on some platforms. Your satisfaction is important to us, and we appreciate your positive feedback. Some strategies can help mitigate the impact of overnight financing fees. Experience seamless trading wherever you are with the PrimeXBT iOS app. This method effectively measures the capability of customer support to assist both active traders and casual investors. Learn more about Baksta’s Legal Terms. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. As a derivatives trading platform, PrimeXBT does not offer any spot markets.

Connect Wallet

PrimeXBT platform has tools necessary for me and this is the most important thing. There is a multitude of ways to take advantage of a market falling, but the most common way is to borrow an asset and sell it to somebody else, hoping to repurchase it at a lower price. We encourage you to share all your experiences, good or challenging, to help us enhance our platform. There is no payment schedule, you simply pay the interest as you go along, when you open and close a trade. So what do I need to have a Primexbt Demo accountPrimeXBT approachA demo account is a virtual trading account that allows traders to test out their strategies without risking any real money. It essentially means there isn’t a big legal authority figure, such as a governmental agency, looking over PrimeXBT’s activities at all times to keep its users protected, which does, admittedly, strip back an extra layer of protection. So, I think I made the right decision to choose this platform and open my first real trading account. Many trading success stories prove its effectiveness. The PrimeXBT app brings the power of trading to your fingertips, ensuring you never miss an opportunity in the dynamic world of finance. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Trading involves risk. Founded in 2018, it currently serves more than one million customers from different countries. 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. Price prediction table. In fact if you have a wallet app on your phone you might be using a form of this right now. If you have decided that you would like to try out the PrimeXBT platform then you will need to register an account. When Bitcoin’s price surged to news all time highs in 2024, many meme coin’s prices moved with it. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. It has a top mobile app and a customizable web platform for all traders. These newer tokens, most often built on the Ethereum blockchain as ERC20 smart contracts, are designed to function in a variety of ways. Poppe told his 719,000 followers on X that Ether «is at the end stage of the correction,» as illustrated in the graph below.

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Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Leverage on PrimeXBT is expressed as a ratio, such as 1:100, which indicates the amount of borrowed funds compared to the trader’s own capital. We believe in doing things the right way. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. Yes, users can try PrimeXBT with a demo account. 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. For example, a 20x leverage means that if you have $1, you can trade up to $20. These fees are a common aspect of Forex trading and can vary significantly depending on the currency pair being traded. Instead of buying and holding an asset, investors can trade and try to profit from price swings. The minimum amount required to start trading on PrimeXBT is limited to the size of the minimum trade, which is 0,1$. To safeguard its trading ecosystem, PrimeXBT employs a combination of two factor authentication 2FA, SSL encryption, and a multi stage wallet strategy with the majority of the user accounts and funds in cold storage, underscoring their dedication to protecting user assets. The exchange offers two types of fees: trade fee and overnight fee.