PrimeXBT Review – Is it a Scam or Legit Broker 2024

The ATO takes tax avoidance very seriously and has a specialised Black Economy Taskforce to ensure all Australians pay their fair share. 786 Fibonacci retracement level. PrimeXBT users share their real world experiences, showing how the platform works well in different trading settings. PrimeXBT does not charge for deposit or wallet creation. Date of experience: October 19, 2024. Your email address will not be published. As of this writing, PrimeXBT does not offer interest bearing accounts. The trading platform is ctuting edge and there are a lot of advanced features available for efficient trading. There are a couple different ways to connect your account and import your data. ICOs can be compared to Initial Public Offerings IPOs in the stock market, but with some key differences.

2 CoinEx — Comprehensive Trading Without KYC

The idea of funding rates comes from traditional financial markets with margin trading, where such interest payments are exchanged periodically between long and short traders. 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. The short term outlook represents your trading horizons, which means you’re directly involved in the short term performance of a market when opening a trade. When customers navigate to the copy trading area of the platform they will be presented with a long list of traders, their trading performance for the past 24 hours, and their longer term performance. For all questions, security issues, product related inquiries, and business proposals, please reach us. Trade Primexbt Fees are as follows. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. PrimeXBT does however reserve the right at any time to conduct a verification of a client’s identity or source of funds using a Customer Due Diligence procedure.

PrimeXBT Countries

They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. 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. 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. Warning: The price of digital assets can be volatile. Additional terms may PrimeXBT Affiliate apply to free offers. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. Ripple is also trying to make a Cryptocurrency to fill a unique niche in the financial world, as they feel that Cryptocurrency can be best used serving banks. Finally you can compare all the Best Affiliate Programs and TOP Affiliate Networksin one place. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. Through 24/7 live customer support and advanced tools, we empower our users for trading success. But rest assured, PrimeXBT offers bank grade security and some of the strictest standards around. 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. Comments:This software has helped me solve my payments issues with clients and co workers within my firm and also in volunteer fundraising. Register for PrimeXBT today.

PrimeXBT Markets

Get the discount through this link. Levels to watch: The Resistance is at 3340 while the Support short term at 3235. Trading involves risks, and there is also a potential for losses. PrimeXBT uses cold storage for client funds, two factor authentication 2FA, and data encryption to ensure security. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. In addition, it is registered in Seychelles. The lack of automatic transfers is not typical for most crypto exchanges and can cause some inconvenience to users. When it comes to Bybit and PrimeXBT, understanding their fee structures is crucial for choosing the platform that fits your financial groove. This setup helps keep spreads low and encourages trading. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of traditional financial instruments, like other crypto exchanges, FX, and commodities. How can you capitalise on the upcoming economic events.

Written by Daniel Olafamoye

Crypto Savings Accounts: Risks linked with cryptocurrency savings accounts include weaknesses in smart contracts, possible money losses as a result of platform hacks or other exploitation, changes in interest rates, and market risks related to the underlying cryptocurrencies. Withdrawal: It is possible to withdraw funds once the required volume of trading has been completed. It supports different products, including forex, cryptos, stock indices, and others. Learn more about Baksta’s Legal Terms. Anyone outside of dYdX’s restricted locations can use the platform immediately with no verification necessary. Navigate to the asset you want to deposit, and you will be shown a screen with your crypto deposit address. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. It’s all about finding a balance between easy access to trading and keeping everything locked down tight. If you are still unable to find the email, please whitelist. Its blog site states that it plans to roll out a way to earn interest, but it’s not clear what tokens or coins will be eligible. Crystal analytics tools ensure PrimeXBT’s AML procedures comply with global regulations and improve safety and security for PrimeXBT clients. The Fixed Tradable Bonus PrimeXBT is a bonus added to the equity of your trading account and can be used as additional collateral to open positions. Users get the best of both the traditional finance and crypto worlds by copy trading other successful traders, creating Covesting strategies, and earning additionally from their followers, Covesting yield accounts, and trading with crypto leverage. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions and other costs, and are not guarantees of future results. “, and “when will dogecoin reach x price. 05% commission on all cryptocurrencies offered by PrimeXBT is a perfect condition for trading. Here’s the best part: there’s no password to remember or forget. For more information, please see our Cookie Notice and our Privacy Policy. Additionally, choosing the right time to enter and exit trades can help minimize costs. 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. Price prediction section aids me with that but I also conduct my own analysis. Twitter: aylerTBMLinkedin. We’re thrilled to hear that you’re enjoying the unique combination of trading terms for both traditional and digital assets on PrimeXBT. Using an isolated margin is great for reducing risk, but simultaneously, it also prevents you from accessing the full x200 leverage. You also need to create an account with the exchange you want to use. Many users love the platform for its variety of trading options and reliable legal regulations. 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. Read the latest Crypto news on Bitcoin, Altcoins, Blockchain, Web3 and Market updates.

PrimeXBT Customer Support

Trading involves risk. To celebrate 9 years of blockchain brilliance, PrimeXBT is splitting 1 ETH between 50 lucky traders. However, the maximum leverage available may vary depending on the asset and trading pair. However, this rally was short lived as the price rejected this key psychological level, and subsequently fell to around $65,500. Our 24/7 support team here to help. Could you kindly reach out to our support team at. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. Only for verified users. Prizes are usually awarded shortly after the contest ends. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Once you’ve chosen one of our top rated brokers, you need to make sure you’re buying the right stocks. Gold is an established and mature market for investable assets. PrimeXBT: An All in one Platform for All Experience Levels. Best regards,The PrimeXBT Team. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. External link for PrimeXBT.

How does PrimeXBT referral work?

Compensation Fund per user. 9 out of 5 from over 2000 reviews. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. It is also important to learn the existing strategies. By subscribing, you agree to our Terms of Use and Privacy Policy. Benefits and Risks of Margin Trading. Appeals to unban users will not be granted. The Fee Reduction Bonus is a valuable feature for those looking to lower their trading expenses on PrimeXBT. PrimeXBT is a fully anonymous exchange, allowing traders to secure their identity and not risk losing precious data or information. Returns or profits may be subject to capital gains tax. For a detailed tutorial see our quick and easy to understand Welcome bonus tutorial. Keep in mind that spreads are floating so in volatile times they will widen. Twitter: aylerTBMLinkedin. Remember that one of the fundamental rules of the market is supply and demand, and knowing that demand is increasing can help you make a more informed Polkadot price prediction. Levels to watch: The Resistance levels are 9600 and 10370 while the Support levels are 6850 and 6430. For novices, it offers a chance to generate profits as they familiarize themselves with market dynamics. They provide a vast selection of fun and engaging games and a gaming experience enhanced by bonuses and reward programs. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This quick execution is vital for traders who operate in fast moving markets. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. This diversificationhelps smooth out performance swings and reduces risk. Select the ‘Deposit Money’ option. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. PrimexBT, a prominent player in the crypto industry, offers a comprehensive trading platform that seamlessly integrates copy trading functionality. It’s time to do your research. Candlesticks will show the performance of an asset within a given timeframe, and the pattern will change depending on the selected duration. Check out our Help Center.

Can I use a credit card on PrimeXBT?

Answers to every question asked about the project in multiple QandAs. With the academy, PrimeXBT has successfully onboarded scores of users into the cryptocurrency landscape and nurtured them into trading experts. An OCO order allows you to combine 2 different orders under special conditions – once one of the orders is triggered and executed, the second order is automatically cancelled An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. Scroll back to: Top • Restricted countries • Available countries • Fees • Referral bonuses • Review. In total, PrimeXBT offers 41 cryptocurrency leveraged trading pairs with varying requirements, 51 forex pairs with different margin needs, 11 indices, and 5 commodities. 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. Per its own statement, it respects the privacy of its clients and does not ask for KYC documents. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. Before you can withdraw funds, you need to deposit them into your PrimeXBT account. Day trading is a trading style that involves opening and closing trades within the same day. Privacy Policy Terms of Use. PrimeXBT Trading Services, S. This is something that you can get in your account management page under the “referral” section. Open the app, click “Actions,” and select “Send. Compare PrimeXBT with any other broker by selecting the other broker below. Leverage trading also known as margin trading is a method involving borrowed funds from the exchange. There are no e wallets available and this makes it difficult for some international customers to deposit. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. Upload your document make sure you upload both sides of the document where applicable, and that they are clear and fully visible. However, we give you a deeper analysis so you can decide which bitcoin trading platform suits your unique requirements best.

How to withdraw from PrimeXBT?

Verify your account using an email sent to your registered email account. 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. 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. No, PrimeXBT does not currently offer any services to residents of the United States. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. 24 hour trading volume is $1244080593 USD. A social security or other tax ID number is often required, and in most cases, an exchange will require the user to submit certain documents to comply with AML and KYC standards. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Our detailed price comparisons and cryptocurrency guides have you covered. The problem is that, when shorting, you only make a profit when prices fall. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Because of this, there are two main ways that the average trader will access the currency markets, by trading the CFD markets or using a Forex broker. 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. Some exchange platforms will require verification of your details; hence the account opening process can take a day or more. Returns or profits may be subject to capital gains tax. By leveraging these benefits, traders can optimize their trading strategies and maximize their potential returns on PrimeXBT. Allowing others to copy your trades while earning a cut of their profit is a good way to earn extra for very little extra work. Unlimited via Perfect Money. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. However, despite low trading volume compared to Binance, liquidity isn’t an issue for the exchange. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Like many peers, such as Coinexx, it operates without oversight from major regulators, making it high risk with limited recourse options if you run into issues.

Reach US

” should know that the most popular crypto derivatives are futures and options. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Check out these trading options. 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. Take the next step by signing up with our link to get your bonus once you deposit, and start trading immediately. The key dates in the XRP vs SEC case are. Real time knowledge feeds are essential for making well timed trading selections based mostly on market actions. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Direct Crypto Deposits. Some popular strategies include Scalping, where traders make numerous trades to profit from small price changes; Swing Trading, which aims to capitalize on volatility over several days or weeks; and Algorithmic Trading, using complex algorithms to automate trading decisions based on multiple data points. This opens up new chances in the financial markets. As it is calculated on an annual basis, it typically will be a very small charge per day. Zengo recognizes that people often represent the weakest part of a security matrix, and we’ve built that into the wallet’s design. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. The opinions expressed here are the author’s alone. 14 ETH/200, USDC or equivalent in BTC on your deposit. The supply of trillions of dollars has caused investors to flock to Bitcoin, which has a hard capped supply of 21 million BTC. What is the year to date YTD performance of Chainlink LINK. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Understanding and leveraging these volume discounts is essential for traders looking to minimize their costs. Users can keep practicing new tactics, which are risk free. Traders heavily rely on various indicators to recognise and predict particular market movements to plan out their trades. Asking support how to join is OK, because some of them were locked for me. PrimeXBT is committed to adhering to international regulations and implementing measures to ensure compliance with legal standards in the jurisdictions where it operates. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. 86%, indicating a robust start since its inception 15 days ago. Many users love the platform for its variety of trading options and reliable legal regulations. As of right now, PrimeXBT does not provide a demo account. It’s wise for everyone to find an alternative, unless you are willing to wait several months before getting paid, that’s even if they pay. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

Restricted Jurisdictions

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. It also provides a breakdown of individual crypto and US dollar balances. The company and its partner Covesting are always innovating and releasing product updates and new services. Trading involves risk. Financial incentive for signal provider. You might be wondering what else our PrimeXBT review team managed to uncover while browsing through their service. PrimeXBT does not accept US based traders. The recent creation of cryptocurrencies has taken the world by storm as this new digital currency space looks to disrupt the financial sphere, as well as the investing one. You may limit the risk per trade to any level you want in case you’re more risk averse than the trader you follow. For users who prefer trading without ID verification, CoinEx offers generous daily and monthly limits. PrimeXBT allows you to trade a wide range of assets, including cryptocurrencies like Bitcoin and Ethereum, forex pairs like EUR/USD, commodities like gold and oil, and stock indices like SP500. Yes, customers can enjoy free shipping when shopping with PrimeXBT. The ASIC viewed the services offered as legally requiring an Australian Financial Services License, which the companies lacked. You can ask questions to judge their temperament and grasp of trading fundamentals. Com is committed to helping traders of all levels make informed decisions about which broker to trade with. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of traditional financial instruments, like other crypto exchanges, FX, and commodities. The platform now has such a dark stigma, which will be extremely hard to overcome. There are also exclusive promotion periods and additional rewards for some of the top traders. Financial authorities address these risks by introducing regulatory measures, with Know Your Customer being one of them – find out what it means here.

Placing Trades

Understanding the fee structure is crucial for managing trading costs effectively. For all questions, security issues, product related inquiries, and business proposals, please reach us. This includes all the central support services provided from Norbrook to each of its portfolio companies – Finance, Accounting, HR, Logistics and Administration. We’re thrilled to hear that you found our articles and tutorials helpful. This potential for amplified profits is what entices many investors to use leverage across Bitcoin Futures and other assets. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. PrimeXBT accepts both fiat and cryptocurrency deposits. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. 15€ in BTC are waiting for you. 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. You will see an in depth side by side comparison of your chosen crypto exchanges. These products are not suitable for all investors. Reply from PrimeXBT Copy Trading. The price not only crossed the ascending support of the channel up but also the MA200 on the 4H chart. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You think that the Ethereum price will go up, so you buy 200 of ETH’s at $314. Claim up to $7,000 in Bonus.

Jeff Stych

By examining market trends and the overall sentiment towards Polkadot, we hope to offer a balanced and realistic price prediction. There he was awarded with the prestigious Arthur Ashe Student Athlete award. For individuals who wish to take advantage of seasoned traders’ knowledge without devoting a lot of time to market research, this feature is helpful. Moreover, users can conveniently transact in US dollars. Click Download and confirm the file download if you see a warning. Instead, any funds traded on the platform are locked in multi sig escrow, minimizing the possibility of theft and reducing trading time for users. With the help of PrimeXBT’s copy trading feature, inexperienced traders can monitor and replicate the trades of seasoned, profitable traders. 💰 Cold storage secures all customer assets, with manual daily withdrawals and thorough risk assessments, prioritizing fund security over transaction speed. Once your account is verified, you can log in and access the PrimeXBT trading platform. Go to Settings > Security and enable Install from Unknown Sources if prompted. Warning: The price of digital assets can be volatile. However, when Litecoin fell back to the $20 range, they could have bought it back and still had $100 to spare. They have since taken the reigns and driven the vision of Shiba forward to create a flourishing and decentralized ecosystem. Pepe Coin PEPE, a frog themed memecoin has jumped by 12% despite a huge sell off from a top market maker.

Open free account

Now that you know how to activate your promo bonus, let’s talk about the platform offering this enticing deal. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. I initially though it would be just a crypto exchange platform,where you just buy BTC or ETH and this is it. 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. We have explained what it takes to be a good Day Trader, but it is also important to outline what traps to avoid, and what difficulties Day Traders face in their day to day operations trying to be profitable. It also has its own native token, DYDX, which is used for governance, staking, and fee discounts. Trading, buying, copy trading. Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. Check out our full PrimeXBT review to see if this exchange is right for you. Many users love the platform for its variety of trading options and reliable legal regulations. For a complete list of restricted regions, refer to Section 1. PrimeXBT equips traders with a robust array of technical analysis tools, boasting over 50 technical indicators and the ability to perform comprehensive technical analysis with TradingView powered charts. 05% trading fee for Crypto CFDs. ” As massive amounts of data and records are not stored in the blockchain yet, Chainlink should have plenty of use case scenarios as the on blockchain, and off blockchain worlds interact. No matter the situation, at PrimeXBT, we remain fully committed in our compliance with and adherence to all global AML rules and regulations, now and into the future. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. For many years the infrastructure was not sophisticated well enough to be able to short sell bitcoins in an easy way. By setting a stop loss order with a stop price below the entry price sell a stock, traders can ensure that if the market moves against their position, the trade is automatically closed before losses spiral out of control. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. We will also demonstrate how to trade on PrimeXBT, and cover the platform’s security features, fees, customer reviews, available trading assets, and other factors.

100 Ways PrimeXBT for Cryptocurrency Trading Can Make You Invincible

Positions closed before the start of a new trading day 00:00 UTC will not be charged at all. This table provides a quick reference to the key types of Covesting fees on PrimeXBT and their typical rates. 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. Select Accept to consent or Reject to decline non essential cookies for this use. Information on the TradersUnion. I’ve had good experience with this brokerage so far. KYC, or “know your customer” account verification. This has happened many times in BitMEX. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. Let us introduce you to PrimeXBT, your gateway to a diverse universe of financial markets. The platform provides access to a wide range of pairs, including major, minor, and exotic currencies. This leaves Volet and Perfect Money as the alternatives. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Once you press the « buy » or « sell » button, your position is in the market. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. The Academy gives you the tools and knowledge to succeed in trading. Touch trading involves entering the market precisely at the live price impact intersecting with a predefined price, often a horizontal. The platform charges a trade fee for entering a position, and the platform charges overnight fees for financing a position overnight. BitMEX offers a maker taker fee model with maker fees at 0. Trading, including copy trading, involves risks. A buy stop order is always placed above the market, and a sell stop order is placed below the market. Traders have strings of losses, and someone who is that levered to the markets typically will have disastrous losses sooner rather than later. This protects your sensitive personal information from making its way onto the dark web, or into the hands of criminals. Always do your research before investing, and be prepared for potential losses.