PrimeXBT® Official Website

The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. The platform aims for its brand to be synonymous with innovation and quality, and to build upon its reputation as a trusted and reliable partner for traders globally. Already have an account. It magnifies both potential profits and losses. Optional KYC and a demo account for practice are also available. 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. Even beginners will find this platform easy to use. Please confirm, that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by PrimeXBT or any other entity within the group. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds. As a US trader, it’s really starting to look like the US doesn’t want its citizens trading crypto. You can move funds seamlessly from your account to your wallet. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools. Attend exclusive PrimeXBT events, network with other clients and learn new skills. But i am more into crypto. Non custodial wallets do not require KYC because they do not manage your funds or handle transactions. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. For cryptocurrency traders, finding the right platform can be a game changer. In addition to Crypto, the platform also allows trading in traditional financial markets, including Forex, Commodities, and Indices. I started using their platform quite recently. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Withdrawal Crypto and fiat. In this bullish position, prominent crypto analyst Poseidon has predicted a big rally for the token, with a target of $500. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Scan this code to download app.

Litecoin trading strategies

To view or add a comment, sign in. Investing is speculative. This could have a cascading effect on Polygon POL ex MATIC, as institutional interest in blockchain solutions like Layer 2 platforms grows alongside Bitcoin’s broader adoption​. Although DOGE is currently 10th in order of market cap. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. Once the user confirms, an email confirmation with a timestamp review-primexbt.com of the user’s selection will be sent to the user’s supplied email address. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. Cryptocurrency exchanges make money by charging a fee on every trade that is made on their platform “trade fee”. Whether you’re just starting out or you’ve been trading for a while, there’s something for everyone. Economy’s largest and most influential companies. Returns or profits may be subject to capital gains tax. Time frames range from one minute to one month, allowing traders to conduct in depth market analysis of forex pairs and other trading instruments, irrespective of their trading strategies. This is quite an impressive feat. PrimeXBT offers a mobile app that replicates the full functionality of the web platform, allowing traders to manage their positions on the go. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately.

PrimeXBT Spot Trading Strategies

The BNB Chain campaign will run from July 24 to August 14, at the same time as the Olympics, and should help participating. Also, there are no fees for depositing cryptocurrencies. Overnight fees are calculated based on the size of the leveraged position and the specific asset being traded. Understand your risk tolerance and capital allocation. Engage with the PrimeXBT community on Reddit. Interestingly, we have seen this happen multiple times, but it is worth noting that Litecoin has always recovered. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Analyse the markets with advanced indicators and charting tools. 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. Historically, ADA reached an all time high of approximately $3. The platform is available to traders from more than 150 countries worldwide. In this review, we dive into PrimeXBT, a dynamic margin trading platform offering access to crypto CFDs, commodities, indices, and Forex. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore diverse trading strategies. Proper risk management is necessary for both long and short positions. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features. There are enough account options to keep anyone satisfied and you will have the complete ability to use our social crypto trading service within their online brokerage service. Unrecognized or Partially Recognized Jurisdictions. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. Check out our full PrimeXBT Covesting review for more details. 1%, and variable overnight swap fees tailored to each asset. Registered in Seychelles; however, it’s not clear that the role of this company is. Dive into weekly trading contests with virtual funds for a chance to win rewards up to $10,000. This necessitates robust risk management systems, increased capital holdings, and a more sophisticated infrastructure by exchanges, leading to higher operational costs. If you ever need assistance, feel free to reach out at. The majority of PrimeXBT’s assets are held in a secure, offline security system, with a limited quantity of Bitcoin held in internet connected wallets for executing trades. To reset PrimeXBT back to default settings, go to the platform’s settings menu, locate the option for “Reset to Default” and confirm the reset action.

Is PrimeXBT Right for You?

The main withdrawal methods available on PrimeXBT include. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. I verified my account and deposited it with my MetaMask🦊 wallet. These products are not suitable for all investors. We have developed a unique personal charting package which provides a large array of professional charting tools and instruments, which also allows us to update and improve it in accordance with the needs and wishes of traders. With high leverage options, it can be an ideal choice for those interested in social trading in crypto assets, commodities, and forex source. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. 🐘 We’re proud to contribute to Save Elephant Foundation in Thailand to sponsor Mae Mai. Give the setups space to play out. Readers should do their own research. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. These are fees charged for any positions held into a new trading day past midnight UTC. Opportunities to adopt blockchain based supply chain solutions could arise from cooperation with logistics firms or large multinational enterprises, improving efficiency and confidence throughout the supply chain. These started to look more like the markets that you would recognize now, as they started to use standardized contracts of specific commodities in places like Haarlem or Amsterdam. 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. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. 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. Additionally, maintain a healthy margin level to avoid getting liquidated. Yet, PrimeXBT is not available to traders in the United States due to regulatory issues. 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.

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The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. 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. KHAIRUNAIM HASSAN Says. They are legally binding and allow traders to speculate on an underlying asset. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. To start spot trading on PrimeXBT, you need to register for an account, complete the verification process, deposit funds, select the asset you want to trade, and execute a trade. Learn more about Baksta’s Legal Terms. 0005 BTC for Bitcoin withdrawals. Yes, most trading platforms allow you to set Stop Loss and Take Profit orders to manage risks and secure profits automatically. The platform’s commitment to offering a variety of payment methods ensures that traders can choose the option that best suits their needs, while the focus on speed and security enhances the overall trading experience. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. Get access to a wide range of trading, investing, and Crypto services from a single app. PrimeXBT offers an award winning crypto futures platform that supports copy trading. To be eligible for the PrimeXBT bonus, you must primexbt deposit bonus at least 0. First, log in to your PrimeXBT account and navigate to the “Withdraw” section. Once you confirm your email, your account will be activated. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. This unique, decentralized network and cryptographic mechanism is what gives Bitcoin value. As the platform is focused on CFDs and futures trading, the process remains quite simple: the user just sets up his or her account, deposits money via a preferred payment method and starts trading. Launchpads are a fantastic way for retail traders to get early access to projects before they go public, a benefit that used to be reserved for VC firms, or those with deep pockets and friends in high places. To do this you need. Channels for Customer Support. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Any serious MATIC price prediction forecast will have to have a disclaimer on all of the unknown issues out there. This will allow you to earn a commission from referring friends to the platform. Yes, all transactions on PrimeXBT involving the disposal of a crypto asset are in most cases taxable. 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. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

What is the Shiba Inu coin used for?

Currently it is attempting a break out above the 199 Resistance. Either way, the overwhelming consensus is that DOGE will likely gain at least 100% in value by the end of 2025 based on the current price of $0. With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source. If you’re interested in multi asset trading, PrimeXBT offers a versatile platform, though it’s unregulated. Overnight financing is due for any position that is carried into a new trading day past 00:00 UTC and is withheld from Trading account balance. $2,000 by bank card. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. We’re delighted to hear about your positive experience trading Bitcoin with PrimeXBT and that you appreciate our intuitive interface and clear fee structure. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges and wallets in one place. 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. To determine whether PrimeXBT is worth the investment, we’ll conduct a cost benefit analysis, compare it with alternatives, and deliver our final verdict. PrimeXBT lets you deposit and withdraw with crypto and fiat, with fast processing. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions.

Coinbase Exchange

You’re able to easily calculate the required margin using the following formula. 3 billion fine for failing to comply with AML regulations. Bitcoin started off its life virtually worthless, with a value of far less than a penny when the Bitcoin Core client code was released into the wild. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. Do not be confused or deterred by these rates. We shall delve deeper, just give us a few seconds. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT enjoys a solid reputation within the trading community, with users frequently praising the platform for its advanced trading tools, high leverage options, and responsive customer support. Below is an example of how leverage will work on the PrimeXBT platform. These statistical concepts can be hard to understand, especially for a beginner trader. Some mention the app can be slow or crash during critical moments, leading to missed opportunities. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The lack of portfolios to browse and copy is a con in itself. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. 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. Unlimited for verified users. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. But the transparency of this process raises questions. When the market moves in the opposite direction the trader expected, stop losses do exactly as the name implies, and prevent further losses. The minimum amount required to start trading on PrimeXBT is limited to the size of the minimum trade, which is 0,1$. It is also important to make note of the electricity cost as Bitcoin mining is purposefully resource intensive and there are profitability margins to consider in this passive form of income.

Trader task

Claim Your $2200 Bonus. The platform is designed to be intuitive and user friendly, offering a range of tools and features to facilitate Bitcoin trading. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. Trade volumes of $30,000,000+ CFD and Crypto Futures. Leverage is borrowing a certain amount of funds from your broker to control a larger portion of currency than you normally would be able to. These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. Prime Technology Ltd is PrimeXBT’s Technology Provider. It also can transfer information into the Ethereum and the Bitcoin networks, which also gives it a unique value. Turbo’ section consists of 2 main parts: Turbo account interface and the Turbo statistics bar. In accordance with our Terms and Conditions, certain products, services, or promotions may be restricted or unavailable in specific jurisdictions. Utilize the 4 level hierarchy system. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. Binance Academy stands out as a comprehensive resource. How does copy trading work, and which tips do you need to know to succeed. You can easily go through each advanced trader’s profile, view their Return on Investment ROI in real time, and see how active they are. Learn more about Baksta’s Legal Terms. Indicators: Technical indicators are mathematical calculations based on price and volume data. 9 in January, up from 47. 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. Click the submit button, and PrimeXBT will review your application. This bonus is displayed as “Reward” in your account and gives you the opportunity to extend your trading potential without additional financial input. PrimeXBT is generally considered to be a safe exchange. That was the moment when the “joke was played”. Covesting Yield Accounts on PrimeXBT do all the hard work of searching for staking opportunities so you don’t have to. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Whether you’re new or seasoned, it’s a solid choice. The maximum leverage is 1:200. PrimeXBT offers margin trading of 7 cryptocurrencies, 51 forex pairs, 11 indexes, and 3 energy assets. These fees are displayed at the time of initiating a withdrawal. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings.

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It is also important to learn the existing strategies. Futures are high profit and high risk, while Options are less risky but still provide much profit opportunity or the chance to hedge spot positions. Bybit does not offer its services in the USA due to strict regulations on cryptocurrencies and exchanges. Portfolio and Price Updates. Scan this code to download app. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. 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. Technical analysis can be as simple or complex as the trader chooses and needs to incorporate specifics that the trader is comfortable using. In a flash, though, gains were wiped out, and the coin crashed back down to around $80 at its low point. It also provides a breakdown of individual crypto and US dollar balances.

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If you ever have any questions or need assistance, feel free to reach out to. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Learn everything you need to step up your crypto game. Dear AgustinThank you for sharing your experience. Over the last few years, the Shiba Inu Cryptocurrency has exploded in popularity and maintains it’s fan base despite struggling through the Crypto winter of 2022 2023. We do not publish biased reviews or spam. Our Currency Converter uses live rates to provide you with the most up to date conversions. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The platform allows you to deposit any amount that is sufficient to cover the required margin for your intended trades.

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Hope all your problems will be solved. Bybit also provides educational resources and tutorials to help new users get started with trading. ” Polkadot has its native token known as “DOT,” which is used to facilitate transactions. PrimeXBT places a high emphasis on security. 001 BTC, thus the minimum margin required to open such a trade with x200 leverage would be 0. Despite market ups and downs, it has averaged an annual return of about 10% over the long term. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. Monitoring is something that will be different for everyone. Simply navigate to the BTC/USD pair and click “Trade. Trading cryptocurrencies with leverage has become increasingly popular in recent years. Let us go through with you on the account opening process. The term ‘bear trap’ finds its origins in the world of hunting, where a bear trap is designed to capture a bear’s paw. M2: Buy Bitcoin and Trade Crypto. Go to Settings > Security and enable Install from Unknown Sources if prompted. Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. As mentioned earlier, XRP, as a Cryptocurrency, has very low barriers to entry to start investing and trading in. Step 1: Access Your PrimeXBT Deposit Address. 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 go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP. By 2030, though, the site suggested that ADA could rebound to $2. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. After reviewing all details are accurate, a security code will be sent via email to the email address provided at the start of the process.

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PrimeXBT is a versatile and innovative trading platform that offers a wide range of features tailored to meet the needs of both beginners and experienced traders. The Affiliate program will allow you to receive payouts of up to 50% of all trading fees paid by your referrals and is a great way to build a network of referrals and profit from their trades. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. To short sell with a CFD, you need to supply a specific portion of the total value of your trade. PrimeXBT offers cryptocurrencies, forex, stock indices, and commodities which makes it a multi broker. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided bymarket makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. I wish somebody told me to buy bitcoin back in the day😁I still did it tho, but for like 10 thousand times the price😁😁Platform is kinda nice for trading tho, all convenient features are there, I can just pull up many windows, one with chart one watchlist and PNL. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. In other words, you never know when it can jump in value or when it will fall back down. Therefore, we wanted to share the following bulletin with the community to protect you from criminals and other bad actors. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Understanding how to use payment methods like Coinify, Perfect Money and Volet on platforms like Prime XBT can enhance your trading experience by providing secure and efficient ways to manage funds but in the same time might get you scratching your head for a while. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. MT5 on all your devices. Primexbt has simplified the process of trading cryptocurrencies for me. How to Spot an Unsafe Crypto Exchange. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Copy trading is a fairly new addition to the Bybit platform and it saw a warm welcome from many of the users on the platform, quickly becoming a widely utilized and popular copy trading platform. The leverage is variable, however, changing with the trade size. Custom scripts and ideas shared by our users. The only token for which PrimeXBT supports staking is COV. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. Welcome to the PrimeXBT affiliate program overview.