About us

In 2017, Bitcoin potential took the world by storm, as many became rich beyond their wildest dreams once Bitcoin reached its former all time high of $20,000 per BTC coin. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT processes withdrawals once daily within a set timeframe as part of its strategy to minimize transaction fees for cryptocurrency withdrawals. 30 by 2030​ PrimeXBT​. Leverage trading in Crypto offers a way to do just that. If a code is not working, it’s best to look for another one or reach out to the customer service of primexbt. PrimeXBT and Bybit have distinct fee models that cater to different trading activities. The trading section is designed to be user friendly, with a clean layout and easy access to essential tools and features. Although Covesting has been relatively slow in its progress, it has more or less been right on schedule according to its roadmap. The XRP price analysis on this chart look conservatively positive at the moment, with what seems like a slight climb likely precipitated by the 2023 year end Crypto rally. Stop losses should always be used as they prevent large and unexpected losses. Those interested in owning Ether can purchase it straight through the platform using their Mastercard or Visa branded cards. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Best regards,The PrimeXBT Team. Enjoy the user friendly features of the robust mobile app for copy trading. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. 08:00 – 11:30, 18:00 – 18:30.

PrimeXBT Markets

Returns or profits may be subject to capital gains tax. PrimeXBT and Coinbase are quite different in their offerings. 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. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. CET via live chat, which is available from the bottom right corner of the main page. Instead, they expect Dogecoin to struggle to stay above $0. The charting platform on Bybit is powered by the insanely powerful and popular Tradingview, which has become the industry gold standard for technical analysis traders. However, their approaches to security and regulation differ. This feature significantly enhances the platform’s appeal, especially for professional traders seeking more than just cryptocurrency trading opportunities. Registering a copy trading account with PrimeXBT2. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Learn more in our best crypto wallets guide and best decentralized exchanges guide. PrimeXBT was launched in 2018. Become a certified Partner. Best regards,The PrimeXBT Team. Date of experience: September 21, 2024. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. 12 milliseconds on average. This lack PrimeXBT Mobile-Version of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Despite the recent setbacks to the industry and asset prices, the cryptocurrency market continues to capture the attention of traders around the world.

How to Manage Margin Account Risk

The Commodity Futures Trading Commission now permits the trading of cryptocurrency derivatives publicly. The platform provides a variety of free deposit options for both crypto and fiat. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Dear Bruno,We’re glad to hear that you’ve done your research on PrimeXBT and are satisfied with the quality of our services and tools. Ethereum price prediction has been made extraordinarily challenging around an event called “The Merge. Visit the fees section at PrimeXBT to confirm the exact fees on the day. I believe that blockchain technology can build a brighter future and am excited to be part of it. It features customizable interfaces, TradingView charts, and competitive fees, providing flexibility for traders. Below are examples of these tools.

There are rumors that we can set up leverage for each order here it’s true?

If Cardano ADA price can exceed its current all time high, ADA prices can reach the 1. 57% and a relatively modest all time profit of 32. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. You also have the option to insert a referral code if you were given one more on this later. Even beginners will find this platform easy to use. Profit from the markets by following the experts. However, you can use third party services to convert fiat into cryptocurrency and then deposit it into your account. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Higher trading volumes can qualify for lower fees, encouraging more active trading. 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. This sets it apart from other trading platforms. Trade 100+ markets like BTCUSD, EURUSD and SP500. Many trading success stories prove its effectiveness. This variety helps traders diversify their portfolios and find more market opportunities. 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. 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. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. There is a multitude of indicators and candlestick patterns that traders will use to determine potential moves as well. However, insurance coverage is still rare within the crypto industry. Gov and actually talk to them instead of ignoring them as they did. Once set up, you can explore the platform and begin trading. Virtual Assets are high risk products, highly volatile, with fluctuating values.

PrimeXBT Withdrawal Methods

The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Dear Jabulani,Thank you for your positive feedback. Is your question not answered here. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Even though direct access is restricted, US based users can still benefit indirectly. Unlike traditional stop orders, which have a fixed stop price, the trailing stop order adjusts as the market price moves in the trader’s favor. With our proven strategies and industry insights, you’ll be primed for success. Additionally, the self regulatory body grants membership to various blockchain platforms, technology providers, investment platform providers, and even educational providers. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Understanding these steps is essential for completing the KYC process smoothly and efficiently. Practice Risk Management. Since founding NEP in 2008, Mr. PrimeXBT offers CFD trading on major, minor, and exotic currency pairs. The table demonstrates how much you would have to pay to trade 1 full lot 100,000 units in EUR/USD with a pip value of $10 for each account. An agent connected almost instantaneously to the chat. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This guide aims to help you identify and resolve common payment problems, ensuring a smooth and hassle free trading experience. These fees apply for positions held open overnight. Thank you for choosing PrimeXBT and for your constructive feedback. These fees are charged daily and can accumulate quickly if positions are held for an extended period. I strongly advise against it.

What is the spread?

Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. Key highlights include. PrimeXBT PTY LTD previously Stack Advisory 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. 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. A number of cryptocurrencies, including BTC, ETH, USDT, and USDC, are accepted by traders for deposits. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. Crypto transactions are supposed to be anonymous. Unlimited via Perfect Money. To deposit Crypto, click the ‘Deposit’ button on the Main page. However, depositing or withdrawing fiat currency will require KYC identity verification. Here’s our detailed analysis of the futures trading experience. With PrimeXBT, buying Bitcoin and other Crypto is just the beginning. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. Technical analysis can be as simple or complex as the trader chooses and needs to incorporate specifics that the trader is comfortable using. If the market were to move $10 in your favor, your $5 trailing stop loss would now be at breakeven.

What is the spread?

In the registration form that opens, enter your email and a password. When you are in the platform, click on ‘Trade’ > ‘Global Markets’ and choose ‘Commodities’ from the list of available markets. Both platforms offer robust support, but their approaches to education and customer assistance may influence your choice. Scan this code to download app. Following the ATO’s release of crypto tax guidelines in 2014, it’s clear that cryptocurrency is taxable. You seem to have CSS turned off. I do not recommend to use the integrated chart for analysis purpose, for reasons I will explain later, but you can easily monitor it. So, while timelines can vary based on a few factors, the overall user experience appears highly satisfying. Pros and Cons Binance. PrimeXBT Instruments: My Key Takeaways. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. When it comes to security, PrimeXBT does not compromise. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. It is advisable to sell BTC only when the price is higher than the original purchase price. Below, we will walk you through the details of this promotion, how to activate it, and why it’s a great opportunity for both new and existing users. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. Please read PrimeXBT Reviews below and share live trading experiences with this broker. 2️⃣ You’ll be taken to a new page where you can enter your email and set your password. I tested PrimeXBT’s spreads on 13 December 2024 during the London and New York opens. Second, when it comes to trading technology, they do not offer API functionality. The most obvious of course is the ability to profit on a falling market. 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. It’s important to note that the platform is not available for traders from the US. A further decline in the price is still possible, but the lower price could reignite demand, giving the next leg higher. However, today I cannot trade on a regular basis on my own. It is worth bearing in mind that during the process of making a financial transaction, you will be automatically redirected to the PrimeXBT partner company page.

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The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. The platform offers a very limited range of crypto futures markets and conditional orders. The ETFs have seen the initial pent up capital that has come in; what happens next could be vital in understanding the longer term demand outlook. “For approved members and their clients participating in CFDs, foreign exchange forex, and cryptocurrency markets, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels, such as arbitration or local court systems. Choose PrimeXBT for a versatile and user friendly payment experience. The platform’s transparent fee structure eliminates hidden costs, while features like high leverage, copy trading, demo trading, and a welcome bonus make it appealing to both beginners and experienced traders. These could include slippage, where the price at which a trade is executed differs from the expected price, and currency conversion fees if trading in a currency other than the account base currency. The company not only offers transparent cooperation conditions to its customers, but also cares about the safety of their funds and financial transactions. Since there is a lot of money floating around in cryptocurrency markets, organized crime soon follows. The trade fees are very straightforward. However, it does not incorporate any third party research tools like Trading Central and Autochartist, which could make its market research content more nuanced and comprehensive. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Earliest Token Support: Discover low liquidity altcoins early. As well as from unrecognized or partially recognized states: Gaza Strip, Crimea, Donetsk People’s Republic, Kherson and Zaporizhzhya oblasts, Luhansk People’s Republic. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Get $100 Bonus on PrimeXBT. 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. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. However, PrimeXBT does not offer any lower risk securities, such as ETFs and bonds.

Rating

Withdrawing cryptocurrencies is just as simple. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in its website. 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. 99% fee, not PrimeXBT. The online platform has plenty of technical analysis tools to use to trade this market. Once inside the Turbo trading interface, the screen is divided into a number of options to the left and right sides, with the main chart featured in the centre. Specifically, new users can receive a $100 bonus by depositing at least $500 and completing their account verification. The world’s most popular stock indices: NAS. No, PrimeXBT does NOT require KYC procedures for traders. Efficient order execution is a critical aspect of any trading platform.

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Both platforms also utilize multi signature authorization for withdrawals and the movement of funds, meaning one bad actor can’t swipe the funds without secondary signature authorization. Also linking to articles containing referral links is not allowed. PrimeXBT users can buy, exchange, and transfer Crypto via the Main page,. Following that, though, the FTX FTT exchange collapsed and the market crashed yet again, leaving ADA at a low of $0. As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. PrimeXBT empowers traders to go long or short with leverage. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. These products are not suitable for all investors. No marketplace activities such as buying or selling crypto, items, accounts etc. Additionally, PrimeXBT has improved its mobile app’s functionality, making it more user friendly and efficient. Our clients love how fast and simple our sign up is. You can see the results on the chart below. BYDFi is regulated as an MSB in the USA and Canada, adding credibility. 50 area, and this could be a significant barrier to overcome. These include regulatory news, such as China banning crypto again. Registered in Seychelles, PrimeXBT has offices in St. In the next section, we will discuss the importance of developing a solid investment strategy for achieving profitability on PrimeXBT. It is designed to appeal to both high frequency traders and those making occasional trades.

Worse

Best regards,The PrimeXBT Team. You can deposit US dollars USD to your Wallet, as well as directly to your CFD Trading or Crypto Futures trading accounts. This section will provide a detailed guide on how to access PrimeXBT from various regions, ensuring a smooth and seamless onboarding process. However, any withdrawal requested after 12:00 UTC will be processed on the following day. Users can access various asset classes such as stock indices, commodities, forex, and metals, all within the same platform. We’ve chosen and vetted the exchanges in this list based on publicly available information. Earning Disclosure: The Money Mongers is community supported. 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. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. If you’re looking to make a short or long term Ethereum investment, but hesitate on the question “Should I buy Ethereum in 2023. Every crypto trader has a risk profile. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Via the Trade page, PrimeXBT provides details on. Only for verified users. PrimeXBT is an acceptable choice for day traders. The term “margin” refers to the original deposit of capital that you put up to open a position. Developers deployed over 100 smart contracts following the launch but then, as the chart shows, the ADA token sold off and failed to participate in the November 2021 crypto rally that took bitcoin BTC and ether, the two largest coins, to fresh highs. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance.

Worse

Connect your account by importing your data through the method discussed below. 03% for swaps well, its actually 0. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 90 cryptocurrencies. To make a market order, just click ‘market’; the leverage will be already set to 100x; you need to now set the quantity you wish to trade. Information regarding past performance is not a reliable indicator of future performance. Best regards,The PrimeXBT Team. Never Miss Another Opportunity. Understanding the expenses incurred is a vital part of understanding the entire process.