Customer Support and Resources

PrimeXBT stands out as an all encompassing trading solution, offering a wide range of assets, including Cryptocurrencies, Commodities, Forex, and Indices. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. For those traders who are more technical, they may prefer a broader range of order types and functionality. The fiat withdrawal process was straightforward but took a long time. Denver reported that during the last hack of Coinbase, customer funds were replaced from their insurance fund. PrimeXBT’s mobile app provides much of the same features on their mobile app as they do on their website. The trading platform is ctuting edge and there are a lot of advanced features available for efficient trading. PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. When the market hits your stop loss and you get stopped out, the maximum loss should not exceed 2% of your trading account size. 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.

PrimeXBT Review 2024

Before diving into leverage trading, it’s crucial to understand the risks involved. We recommend using a unique Email and Password combination that you are not using for other services. We’re pleased to hear that you find our client area convenient and like the features we offer, such as manual trading, crypto buying and holding, copy trading, and participating in contests. This means that they can make money on a fall in the price of the asset. Exchange Traded Funds ETFs are investment funds that trade on stock exchanges, much like stock shares. By minimizing fees, traders can retain more of their profits. These products are not suitable for all investors. This section delves deep into the most prominent features we discovered in our PrimeXBT review. Earn 20% on the trading fees of any friends you refer directly. Blockchain and cryptocurrencies are some of the most exciting innovations of the 21st Century. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. METAWIN: Summer Sizzler. In 2019, at least 94% of orders on PrimeXBT were executed at the quoted price or better.

The Final Verdict: Crowning the Crypto Copy Trading King

The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. However, you should keep in mind that if you keep your CFD position open overnight, you will be charged a small overnight funding fee. Significant changes in volume can signal potential trend reversals or confirm existing trends. 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. $2,000 by bank card. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Initial www.primexbt.com data: Resistance $200 = x / Support level $185 = y / Downtrend target = z. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. Each time you make a purchase of BTC on an exchange, the company will create a wallet for you that you can use to store, send, or receive more BTC to and from. However, the accuracy of this claim is up for debate. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. This table provides a clear comparison of the features offered by PrimeXBT and BitMEX, helping traders make an informed decision based on their specific trading needs and preferences. Sometimes, however, it’s beneficial to have an impartial third party, in the form of a securities investor protection corporation, available to help. What does 2024 hold for the Solana’s price. Clients who are interested in using the standard 4 level referral program can visit the Affiliate menu in the PrimeXBT Account section, where they can obtain their referral link and see the performance of their referrals and earnings at a glance. If you have questions, you should look to your local regulatory agency to make sure. All in all I commend primexbt for being so innovative^ ^. If your guess is correct, you make a quick double digit profit. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. Bybit does not offer its services in the USA due to strict regulations on cryptocurrencies and exchanges. We’ll put it to the test, with verification successful while waiting for the outcome. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Bybit practices round the clock security monitoring and conducts regular security analysis checks. Litecoin was also just added to PayPal alongside Bitcoin, Ethereum, and Bitcoin Cash, exposing the altcoin to 346 million mainstream users of the payment service.

Trade a world of markets from one accountTrade a world of markets from one account

This minimized my losses and still only cost 0. Their blog cames in handy for me. These rewards go beyond the ordinary, providing you with additional benefits. So a 100x leverage means that if you have 1 BTC, you can trade up to 100 BTC. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Appeals to unban users will not be granted. He’s particularly excited about real world applications of blockchain technology. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. Traders worldwide trust us. This focus on transparency lets traders make better decisions and improve their trading results. Primexbt is making a killing operating on the correct assumption that most people are poor margin traders. Our data on Primexbt Trading Services Llc was. Learn more about Baksta’s Legal Terms. PrimeXBT is a leading cryptocurrency and multi asset trading platform that offers users access to a wide range of markets, including cryptocurrencies, forex, commodities, and indices. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Get a professional trading platform, with no installation required. Let’s look at each market separately. Perfect Money Account ID used to make a deposit will be preselected automatically. Effective risk management practices include setting stop loss and take profit orders, managing leverage, diversifying your portfolio, and staying informed about market news and events. Chainlink holds a strong position as a decentralized oracle network, with a well established user base and broad integration. If you ever need assistance, feel free to reach out to us at. It also offers forex and commodities. Yes, it is very likely that Dogecoin will increase in value. Help improve contributions. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. Restricted JurisdictionsPrimeXBT 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.

What other traders say about these platforms

PrimeXBT excels in several crucial aspects. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. I verified my account and deposited it with my MetaMask🦊 wallet. These fees can vary depending on the direction of the trade. M2: Buy Bitcoin and Trade Crypto. Returns or profits may be subject to capital gains tax. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. $20,000 or equivalent for unverified users. 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. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. 5 for PrimeXBT and 3.

What is trading long and short?

306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Primexbt crypto platform is 10/10. Other cryptocurrencies might differ slightly in processing times. It involves using borrowed funds, in order to increase potential profits. A Margin Call is a platform notification/email reminder that warns you when your Available margin is low. 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. However, its unregulated status and limited asset selection can be potential drawbacks for other traders. PrimeXBT is a perfect match for copy traders. Next, we will explore the restricted countries and the regulatory challenges faced by PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. PrimeXBT encourages new users to enable security features such as 2FA and to customize their trading interface. Virgin Islands, Northern Mariana Islands. No, different assets have different overnight fee rates. Trusted globally, Xplora offers GPS, messaging, and fitness tracking features, ensuring child safety and fun. Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. Trading Fees: The platform charges a flat trading fee of 0. But PrimeXBT has gone the extra mile and now allows you to buy Bitcoin using your credit card. PrimeXBT offers mobile apps for both iOS and Android devices, allowing you to trade on the go. The registration procedure is quite simple, it takes just a few minutes. In the next section, we will discuss the importance of providing accurate and up to date information during the KYC process. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Sie zeichnet sich darin aus, klare Einblicke in wirtschaftliche, technologische und politische Entwicklungen zu geben und Händlern dabei zu helfen, informierte Entscheidungen zu treffen.

How fast are trades executed in Live Trading?

But does this make OKX a better choice. At the resistance level, the uptrend will pause as the selling pressure increases. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. 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. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. An OCO order or One Cancels Other, is a conditional order. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. These fees can impact your overall profitability, so being aware of them helps in managing your trading expenses. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. Here’s why PrimeXBT stands out. All you have to do is refer your friends and followers. If you have any questions or need assistance, feel free to reach out to. Here’s an overview of the different account tiers and their associated benefits. 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. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. In addition to low barriers to entry, traders in emerging markets are looking for brokers that offer a localised approach, and a familiar experience, making it easier for them to do the things they want to do. Withdrawals are processed once a day between 12:00 and 14:00 UTC. Choose PrimeXBT for a versatile and user friendly payment experience. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Before Bitcoin futures and other derivatives contracts, there wasn’t a way to short crypto and only a way to own the base digital currency assets. Log in and complete the KYC Know Your Customer process. Once on the Futures Markets page you’ll be prompted with a quick tutorial. Following that, though, the FTX FTT exchange collapsed and the market crashed yet again, leaving ADA at a low of $0. OKX, in comparison, is almost the exact opposite of PrimeXBT.

Cathie Wood’s $1 million forecast

This leaves Volet and Perfect Money as the alternatives. The exchange continues to grow globally, with services available in multiple regions, but some restrictions apply to specific countries. Disclaimer: Trading cryptocurrencies and other assets with leverage involve a very high loss risk. Basically, customers who choose to use this platform are on their own and do so at their own risk. On the other hand, Bybit is renowned for its smooth user experience, with a higher overall score for ease of use reported in recent reviews. United States of Minor Outlying Islands. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. The cryptocurrency market is large. The platform’s global reach allows traders from various regions to participate in the financial markets, leveraging PrimeXBT’s advanced trading features and high liquidity. My experience with PrimeXBT’s customer support was mixed. In essence, what seemed like a profitable trade ended up in a loss due to these unexpected charges. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. The required margin is different for each trade, so make sure your account is appropriately funded.

Doesn’t currently offer lending or borrowing against your stored funds

With KYC verification you will have unlimited withdrawal limit + you will be able to withdraw funds via bank cards / Perfect Money / Volet + you will have unlimited limit on deposit in fiat currencies. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. When it comes to trading on PrimeXBT, the platform’s real world performance is of paramount importance. The withdrawal fee on PrimeXBT varies based on crypto assets. Receive the latest news and stay informed. While short term fluctuations are expected, the future price action of POL ex MATIC looks promising. Prime XBT Trading Services, S. Make sure you understand the difference between Spot and CFD trading before getting started. Swap rates on leveraged overnight positions apply, and PrimeXBT lists the rates transparently on its website.

Risk warning

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. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. This proactive approach is key to successful trading. Begin earning in a high paying industry. The “big shot” bonus. You can also sort markets by name and 24 hour change. Another important advantage of PrimeXBT is that the fees are as competitive as they can be. This sets it apart from other trading platforms. Traders can insert or remove widgets, resize and move panels around, change chart appearance, colours, grids and spacing, and basically rework everything in a manner that suits them. Go to Settings > Security and enable Install from Unknown Sources if prompted. By understanding the fees involved, traders can better manage their trading costs and make informed decisions. Dear Daniel,We’re thrilled to hear that you find the versatility of trading both crypto futures and traditional financial assets through a single account on PrimeXBT so beneficial. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. A long position is when you buy an asset expecting the price to rise. The required amount of margin depends on the leverage ratio you want to use in your trades, and you always need to have enough free margin in your account to withstand the negative price fluctuations of your leveraged trades. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. If you use the market order a lot for entering trades on your chosen cryptocurrency pairs, then PrimeXBT is for you. When considering the security and reliability of Binance and PrimeXBT, your focus should be on how they safeguard your funds and personal information. PrimeXBT specializes in CFD trading, allowing traders to speculate on asset prices without owning them directly. As well as from unrecognized or partially recognized states: Gaza Strip, Crimea, Donetsk People’s Republic, Kherson and Zaporizhzhya oblasts, Luhansk People’s Republic. You’ll be the data driven samurai, slicing through market turbulence with the katana of Smart Order Routing and Copy Trading Signals.

5 0

Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. Tips for Successful Margin Trading on PrimeXBT. Unfortunately, the answer was negative. This variety helps traders diversify their portfolios and find more market opportunities. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. KYC not only ensures that client funds are secure but also that they are not being used for illegal activities. Nord VPN is one of the best free VPN service providers in the USA. Below are examples of the popular technical analysis indicators in the market. PrimeXBT also has over 50 FX trading pairs. These fees vary depending on the withdrawal method and the currency being withdrawn. On PrimeXBT, users are allowed to speculate on the price movement of various assets with Bitcoin. A margin call is when the value of your investments has fallen below the necessary collateral for the margin loan you have taken from the broker. PrimeXBT’s focus on major cryptocurrencies and diverse financial instruments makes it suitable for traders looking to trade across different markets. Usually, trading contests involve real money such as the kind you’d find in KuCoin and Binance. Key features of PrimeXBT Copy Trading include. Leverage allows traders to increase their exposure to an asset beyond their initial investment. PrimeXBT’s mobile app provides much of the same features on their mobile app as they do on their website. PrimeXBT TheNewPrimeXBT. Your “Balance”, on the other hand, only changes when you deposit, open or close trades and if you are using leverage. 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. After that, you can download complete tax reports for PrimeXBT. If you already have crypto, depositing into a PrimeXBT account is a simple process. Returns or profits may be subject to capital gains tax. While this exchange won’t be for everyone as you’ll need a firm understanding of leverage and risk before you start playing around with contracts, it’s an excellent option for those looking for more advanced investment opportunities as many services like these are often restricted in countries like the US, UK, Canada and Australia. Efficient order execution is a critical aspect of any trading platform. PrimeXBT reposted this. One is given a choice when opening an account at OKX, as an individual or as a company. The minimum amount to participate in copy trading is 0.

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Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. This allows for enterprise sized solutions for data from multiple sources. However, I see most PrimeXBT reviews here mentioning forex, and im not as well versed in that, and dont trade it here, but the spread there seems to be higher, its not in hundredth of a percentages anymore. 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. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. As we saw in this review of PrimeXBT, the broker has many great features that make it a good platform to trade crypto CFDs as well as other assets. PrimeXBT offers mobile apps for both iOS and Android, enabling you to trade on the go with the same functionality as the desktop platform. We provide you with support from real people, around the clock. Sign in to your account. Whether bullish, bearish, or consolidating, when trading with PrimeXBT, clients can feel confident they have what they need to capitalise on the Crypto market and prepare for what comes next. June was yet another challenging month for the Crypto market, giving credence to the old adage « sell in May and.

Get Bybit Referral Code Reward

Additionally, PrimeXBT displays order book and live trade data alongside the price charts. By mastering the use of these charting tools, traders can gain deeper insights into market behavior and make more accurate predictions. Across over six years of operations, the platform was never been compromised or hacked. Like most crypto, you will need a wallet to store your new stellar. Date of experience: July 29, 2024. Click Download and confirm the file download if you see a warning. While XLM can be used for peer to peer transactions just like any other cryptocurrency, it also performs a role in the Stellar blockchain as a defense mechanism against spam transactions – a small fee of XLM is necessary to complete each transaction. As one of the world’s largest blockchain initiatives, the EEA consists of over 50 companies inside and outside of cryptocurrency, some of which are also on the list of the Fortune 500. You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. To learn more about PrimeXBT’s approach to AML, visit our help center topic on the subject and Anti Money Laundering Policy located here. Returns or profits may be subject to capital gains tax. This is also one of our main review criteria when it comes to grading an exchange. The platform has introduced new tools for risk management, such as enhanced stop loss orders and portfolio analytics. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance.

Contents

The PrimeXBT iOS app is equipped with a variety of features that make it a powerful tool for traders. Our aim is to provide a seamless trading experience with competitive fees, and we’re glad to know that our fee structure is helping you keep more of your profits. In fact, PrimeXBT actually measured the slippage on their executed orders. Select the market you want to trade, choose your preferred order type, and enter the necessary details. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. We are the Pure Essential Oil Wholesale suppliers of 100% pure range of essential oils and all other allied aromatic oil products like carrier oils, absolute oils, fragrance oils, natural cosmetics, butter, exotic dilutions, floral absolutes, floral waters, and many more. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources. But the transparency of this process raises questions. 2024 00343, having its registered office address at PKF Corporate Services Ltd. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. A verification email is sent to the trader’s email ID; after clicking that link, they are automatically logged in to the account. 001 BTC minimum to get started with a completely free trading account. This review shows PrimeXBT supports big cryptocurrencies like Bitcoin and Ethereum. The file is verified secure by PrimeXBT. Despite its robust security protocols, regulatory compliance is essential for your peace of mind. Before the guide is over, some intermediate and advanced concepts will be introduced for beginners to be aware of. We are actively working on a resolution. To get one of these bonuses, all you have to do is activate one of our exclusive promo codes.

Worse

PrimeXBT is known for its versatile trading options, including cryptocurrencies, forex, commodities, and indices, along with high leverage and advanced trading tools. Aside from trading fees, PrimeXBT also imposes an overnight financing charge, commonly known as a swap fee. Click Download and confirm the file download if you see a warning. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The projected price range indicates a minimum of $1. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 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. Learn more about Baksta’s Legal Terms. Launched in 2018, it has quickly grown to serve clients in over 150 countries, providing them with access to top tier liquidity and a variety of trading tools designed to cater both novice and experienced traders. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. I can just switch inside the platform which type of market I want to trade. PrimeXBT does provide this even through the mobile app.