PrimeXBT Review – Is it a Scam or Legit Broker 2024

Size = 10; Margin Impact = 82. Returns or profits may be subject to capital gains tax. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. The bid ask spread on a Cryptocurrency exchange is the discrepancy between the bid price and the ask price. You may unsubscribe at any time. Brian Dean Nibley ist ein Kryptowährungsexperte bei PrimeXBT, spezialisiert auf Bitcoin und kryptobezogene Inhalte. Here’s a step by step guide on how to begin trading on the platform. If you do not see this then it means that you could be on a phishing site and should leave immediately. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. If it is a “good til canceled” order, it remains open and can be triggered later. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. In the next section, we will discuss the importance of risk management and how to implement effective risk management techniques. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Enter the amount you want to withdraw.

PrimeXBT Markets

To trade Cryptos, go to the Trade dropdown menu and select CFD Trading and your trading account. Having a micro perspective about the market will allow you to determine your actual trading strategy. 42% in the last seven days. Some experts believe that XRP will fall to zero by 2030. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. The design of PrimeXBT’s platform is sleek and minimalistic. Shiba Inu will follow along with the rest of the crypto markets, meaning that we will need to see a complete turnaround in the crypto markets before some of the more speculative coins, such as Shiba Inu, come back into favor. If you ever need any guidance or have questions, please don’t hesitate to reach out to our support team via live chat or email at. Building a trading plan is crucial so that you are not simply guessing where the market is going to go. All your trades are non custodial, so Bisq never holds your funds, and all data is transferred using Bisa’s own secure, peer to peer network, built on the Tor network. Guys there are the best. This gives you more ways to fund your account. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. According to CME Group’s FedWatch tool, as of May 9, there is a 97% chance of no rate cut at the Fed’s next meeting on June 11 12. Indeed, the OFAC administers and enforces US financial sanctions. These products are not suitable for all investors.

Trending

Navigation was intuitive, with all the essential tools and indicators just a click away. Different exchanges offer diverse forms of leverage. Why You Should Short Shiba Inu with PrimeXBT. Simply put, there are better crypto exchanges that provide more robust and developed features than PrimeXBT. Not available for US residents. The last month of the summer was hot on the Copy Trading leaderboards. Best regards,The PrimeXBT Team. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Are no KYC crypto exchanges legal. You can find out more about them in our Gate. Both options connect you Leverage and Margin Prime XBT directly to a customer support agent, bypassing any intermediary chatbot or AI. A platform with both advantages and limitations. From customer complaints, we have realized that when you. However, a disadvantage is that there is no service to clients from the US and Canada, with no dedicated phone support. Date of experience: August 13, 2024. Regularly review your trading performance and analyze. Dogecoin is currently trading at $0. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Even though prices are often influenced by fundamentals, technical levels are important too. For instance, minimizing overnight financing charges by closing positions within the same trading day can reduce your expenses. With its user friendly interface, convenient features, and continuous innovation, it appeals to both new and experienced traders. In total, PrimeXBT offers 41 cryptocurrency leveraged trading pairs with varying requirements, 51 forex pairs with different margin needs, 11 indices, and 5 commodities. With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source.

Security and Regulation

Activating a second campaign of the same type will remove the previously active campaign along with any bonuses or rewards. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. Further in this article, we will take a closer look at each exchange individually, but first, we will give you an overview of our findings by comparing PrimeXBT versus Bybit. The complex interface is unsuitable for inexperienced traders. KYC is optional on PrimeXBT. The marketing is usually done by advertising the solutions that the project can provide. Choosing the right trading instruments is crucial for aligning your trading strategy with market opportunities. The range of securities listed is wide enough to give beginners options, but not so wide that they get drowned in a sea of choices, paralysed by an inability to focus on one or one set of securities. There is no payment schedule, you simply pay the interest as you go along, when you open and close a trade. Best regards,The PrimeXBT Team. Diverse pool of traders: Look for a platform with a diverse group of traders, increasing your chances of finding one whose style matches your preferences. There are a lot of opportunities for trading and assets. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. If you ever need any assistance, feel free to reach out at. What is a Genesis Block. This is why many different exchange platforms offer it to their communities, and why there are several exchanges that exist solely to work with futures. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. PrimeXBT is a fast rising crypto trading platform with a presence in over 150 countries. In the case of a breach, bad actors will be unable to withdraw funds to any other crypto wallet without going through the process of changing the whitelisted address which will kick in security measures like 2FA. Although it has been a significant commodity in the past,. Security is key on PrimeXBT, letting users trade safely. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. Deposit and Withdrawal Fees. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. 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.

Copy expert traders

Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. We’ve put together a list of the most common questions about trading on PrimeXBT for British residents, along with straightforward answers to help you trade confidently. After all, not all trades are profitable, so you need to realize when it’s important to “cut your losses. Trading digital and traditional assets from the convenience of one platform and one account. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. However, the platform has seriously kicked it into high gear, attaining regulatory approval and a Triple A security rating. However, interestingly, you cannot access lower leverage while still using cross margin. Withdrawal: Conditions not known, Contact PrimeXBT Support. 4C Trading Signals offers 1 or 2 detailed and free Crypto signals per week, with entry points, take profit and stop loss levels. PrimeXBT leverages Cloudflare’s technology to protect against DDoS attacks and the security team routinely runs tests and updates to ensure the security of the platform. Our website uses cookies. This method leverages the expertise of seasoned traders to potentially yield profits for those who are less experienced. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. By the way, the commissions are cost effective here, maker fee 0,01% and taker fee 0,02% and that’s quite cheap compared to other crypto exchanges which taking a huge part from your profit. Date of experience: September 01, 2024. Both platforms offer robust support, but their approaches to education and customer assistance may influence your choice. Gold is an established and mature market for investable assets. This is a space that is typically made up of people who are more knowledgeable about economics than the average person, and who are more accustomed to risk. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. In addition, traders can also access commodities such as gold, silver, crude oil, Brent, and natural gas, allowing them to speculate on market fluctuations. How does this affect Cardano’s price. The ability to go long and short with up to 200:1 leverage gives traders maximum flexibility to adapt to shifting market conditions. We also ensure all reviews are published without moderation. Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders.

Day Traders: Acceptable choice

After the conclusion of the next bear market, it’s likely that LTC will rise, but the predictions are much more humble than they once were as most pundits believe that between 2024 and 2025, LTC is likely to be closer to $300 than the once imagined thousands of dollars. While Paxful is a peer to peer platform other platforms allow traders to quickly buy Bitcoins. For cryptocurrencies, it is typically 0. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. A buy stop order is always placed above the market, and a sell stop order is placed below the market. PrimeXBT offers some of the lowest fees in the crypto trading market. By placing this protective order, you can mitigate losses. 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. As we have repeatedly demonstrated, we value the security of our platform and the safety and privacy of all users. Information regarding past performance is not a reliable indicator of future performance. Prime Technology Ltd is PrimeXBT’s Technology Provider. For those traders who are more technical, they may prefer a broader range of order types and functionality. Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. Your go to resource for mastering Solidity programming.

Diego Sanchez

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. By understanding these fees and how they are applied, traders can make more informed decisions about their order types and trading strategies. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The PrimeXBT affiliate program offers individuals the opportunity to earn additional income by promoting PrimeXBT to their audience. 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. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. With copy trading, you can copy trades of more experienced traders and enjoy the results of their analysis, while you gain the experience to start trading yourself. This leaves Volet and Perfect Money as the alternatives. A so called civil war started brewing around this point with proponents of Bitcoin cash denouncing Bitcoin and labeling it as no longer the true Bitcoin. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. Understanding the circumstances that could lead to a reduction in staked DOT, such as downtime or malicious behavior, enables stakeholders to take preventive measures and choose validators with robust security measures. PrimeXBT Features Over 50 Tools and Indicators for Traders. PrimeXBT is a perfect match for copy traders. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. It’s great to know you’ve had a seamless experience with your crypto payments. PrimeXBT was established in 2018 in Seychelles. Levels to watch: The Resistance is at 225.

PrimeXBT Exchange Review 2021

The Covesting Module, which became available to all PrimeXBT users on August 17th of this year, gives you the ability to trade cryptocurrency AFK away from keyboard. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. Hub participate in Contests, manage your Rewards and Promo codes sections, track your Referral network and partner in the Affiliate program, learn about the Academy, review the Market research blog, and connect with the Community;Main make deposits, and withdrawals, keep track of your accounts activity and statistics. Cardano and ADA were created by ex Ethereum co founder Charles Hoskinson. Receive the latest news and stay informed. The required margin for this trade will be. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. 60$USD per token, yielding another estimated 8. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. This method effectively measures the capability of customer support to assist both active traders and casual investors. I read a lot of reveiews and articles about PrimeXBT and I found out that this is the only platform that provides equally good trading terms across all asset categries. PrimeXBT deposit amount required in order to open a broker account is $65 / R1 112,72. Verification can help ensure real people write reviews about real companies. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. We have compiled some of the overnight financing rates in the table below. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. I want to laeve my PrimeXBT review here. Learn more in our Cookie Policy. The current Shiba Inu price in March 2024 is $0. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. For example, PrimeXBT is an multiple award winning trading platform that lets users buy Bitcoin easily right from the dashboard using a third party payment widget. In this article, we aim to provide a comprehensive prediction on the potential future price of Chainlink LINK, a decentralized oracle network that enables smart contracts on Ethereum to securely connect to external data sources and APIs. Its intuitiveness and simplicity provided a pleasant trading experience. PrimeXBT does not charge fees for account opening and maintenance. I use there services but it was very bad service. Margin and leverage are not the same things despite often being confused, especially within the cryptocurrency community. On Polkadot, most of the fee is moved to Polkadot treasury, which is used by network participants to make suggestions and fund network improvements. Before jumping into this PrimeXBT Crypto Futures review, let’s take a look at the company itself. However, Lee cited the move was done to alleviate a potential conflict of interest. Arguably traders have already analysed their own risk appetite and found a technique that compliments their profit objectives.

Unlocked: Crypto Handbook!

217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Simple ui and not confusing. Disclaimer: This page may contain affiliate links. 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. This provides an excellent opportunity for both experienced successful Traders and Followers to earn and greatly boost each other’s profit potential. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. We’re excited to announce the winners of Round 1, who’ll be taking home amazing prizes. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Regularly review and adjust your portfolio based on market conditions and your investment objectives. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. As you can see, using margin can be a helpful tool, but it also can be very destructive if not used properly, and with a stringent money management plan.

⏳ Register for free €0 00 within minutes

However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Because of this, there are a lot of people out there looking for a Bitcoin price prediction, and most believe it to be higher in the future. These developments raise questions about whether Aave’s price could climb to $200 soon. For those traders who are more technical, they may prefer a broader range of order types and functionality. When the exchange measures its slippage, you can see that 94% of users orders were met at Quote or better Source: Blockgeeks. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. An evening star pattern takes place at the height of a bullish advance, and includes a doji, followed by a steep fall. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. Many of its competitors, BitMEX, Coinbase and ByBit, for example, only offer cryptos as tradeable instruments. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. You can participate in token sales on. These widgets can contain a chart, order form, trades, messages etc. Link and banner advertisements. But markets are always moving and orders sometimes begin to fill during large price movements. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. PrimeXBT has never suffered a hack or security breach during its operational history. Here we summarize the major ones of those. Disclaimer: These are the writer’s opinions and should not be considered investment advice. PrimeXBT integrates TradingView charts, which is a nice feature. 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. Fees can include trading commissions, spread costs, overnight financing charges, and inactivity fees, depending on the platform and asset. Next, we will explore solutions for failed payments. SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets. Only to find that you chose the wrong exchange for your needs.

Web3 Explorer

Registration on PrimeXBT is free and takes only a few clicks to begin. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. You are making a trade based on future price movements. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Share it online or with friends. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. The second step isto choose the best crypto exchange with good trading conditions. Placing trades on PrimeXBT is simple, with an easy to use order form. Only for verified users. Robinson moved into his current role of Executive Chairman, where he spends the majority of his time developing and executing group initiatives, either through the identification and execution of new acquisitions or developing and strategizing growth strategies for the existing portfolio. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Additionally, withdrawals to a bank card come with a hefty 5% fee. Was XRP Vs SEC Staged From The Beginning To Make XRP The First Regulated Cryptocurrency.