Taking Short of Long Positions, Or Both

Forex Brokers with ZAR Accounts. 1M+ community members. In this PrimeXBT review, we will cover the platform itself, the features it offers, and will also give you some top trading tips that you need to know. The registration procedure is quite simple, it takes just a few minutes. Prime XBT trading fees are between 0. Spoiler alert: understanding the fee structure is critical to maximizing your gains. This website is owned by PrimeXBT PTY LTD. 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. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits.

Invest with confidencewith PrimeXBTInvest with confidencewith PrimeXBT

Dear Abel,Thank you for your feedback. At PrimeXBT, we strive to provide exemplary service at all times. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. As a YouTuber, Jacob Crypto Bury gets paid for the subscribers, views, sponsorships and endorsements etc. Whatever you use as a system, be it technical, fundamental, or more likely than not, a combination of both, it is crucial that you do what is known as backtesting. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. While it offers the allure of magnified profits, it also comes with amplified risks. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. 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. They have also designed this platform around “widgets”. $20,000 or equivalent for unverified users. 7 Shocking Reasons Why 2025 Could Be Bitcoin’s Best Year Yet: Don’t Miss Out. Benefit from low Maker/Taker fees and flexible funding rates. Past Performance and Materials: Past performance is not a reliable indicator of future results. OKX has clear and consistent fees and uses strong security like 2FA and AES encryption. This makes for a daily rate of 0. Although there are ways to automate it, these tend to have a steep learning curve, require some technical know how and sometimes even a subscription or extra purchase. There are many other investment opportunities out there that aren’t as volatile. I’m going to start off with a big spoiler right off the bat. PrimeXBT’s spreads are generally average to high compared to industry benchmarks, but it offers one of the lowest Bitcoin spreads in the industry with a 0. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. Today even AI and machine learning could be employed to assist in making predictions. 02% for takers when you remove liquidity and 0. If you use this specific link you will get a very valuable FREE bonus if you meet the deposit requirements. With a margin account, the same $10,000 could be lost entirely with one improperly managed position.

Scan QR code

You can generate your gains, losses, and income tax reports from your Prime XBT investing activity by connecting your account with CoinLedger. Follow these guidelines to enhance your spot trading experience on PrimeXBT. Node operators stake LINK to provide data to the network. Cardano focuses on functional programming, formal development methods, and prototyping to ensure the future of the project is sound. The minimum deposit amount depends on the cryptocurrency selected. 001 BTC trade — the minimum deposit to get started on PrimeXBT — at 100x leverage, would become a position valued at 0. Anyone can write a Trustpilot review. Reddit and its partners use cookies and similar technologies to provide you with a better experience. From beginners with a standard account to seasoned professionals with platinum accounts, each tier is designed to provide specific benefits that enhance the trading experience. So what happens to the value of a Crypto market Aplikasi seluler PrimeXBT token when the supply increases. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. This feature is common amongst popular crypto exchanges and is a great way of balancing out your altcoin portfolio. Aside from being able to trade multiple asset classes on a high performance trading engine and interface, being able to compete in trading contests without risking your own capital is an awesome feature which I am sure will only increase the popularity of the platform. Completing the verification process involves submitting personal information and documentation. The margin account, however, makes $49,900 profit with only $100 and enough money to cover margin maintenance requirements.

Deposit and withdrawal on PrimeXBT

Another great feature is that their basic service is free although it is slightly limited, but their paid crypto signals are very affordable at eight dollars and twenty five cents a month. Best regards,The PrimeXBT Team. This support team will address any issues that you might come across on the webpage or while you are using the trading platform itself. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Scan the QR code with your device’s camera and get APK file. As you can see, there are several reasons that make PrimeXBT a more advantageous and safer choice. To sum up, while Bybit is the more secure exchange, both platforms follow responsible crypto management and cybersecurity protocols, with Bybit now joining the ranks of hyper secure exchanges like Kraken or SwissBorg. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. Binance also offers a more extensive web and ecosystem of products, support, and liquidity, especially given its larger daily volume as compared to PrimeXBT. Benefit from spreads as low as 0. What is the minimum and maximum amount for a withdrawal. Another thing to keep in mind when using this strategy is that most traders will look for some type of candlestick or formation at these moving averages to confirm the potential short sale. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. The PrimeXBT platform has plenty of tools available to suit traders of most skill levels.

Offer state of the art UX/UI

In addition to trading, Bitget offers various earning opportunities. Fees which traders should take into consideration are. Trade big events with PrimeXBT. 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. What Makes EUR/USD the Most Traded Currency Pair. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The first thing that you will notice about the platform is that it offers a large degree of customization. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. Fundamentally, increasing utility to deliver value and staking yields may promote stable, long term ADA price appreciation. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. It is worth noting that Perfect Money charges the 1. Deposit Purchase crypto via bank card or transfer via third party companies. The total amount of Bonus on the chosen Margin account cannot exceed a limit that is specific to each promo campaign. Analytical tools and configuration options allow for multi angle examination, but the ease of scaling price action is what truly matters. Unlimited for verified users. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. A wide range of traders can now quickly and easily understand how they can build winning strategies, with the most rapid way to build wealth in the cryptocurrency market today.

Trade With A Regulated Broker

Copy trading is a great tool for a lot of users with any level of experience. The 20% PrimeXBT platform fee is unusual, and traders should evaluate whether it’s a good fit for them if they want to be a signal provider. Online, Monoreto, Attic Lab etc. I evaluated the PrimeXBT trading environment during my in depth PrimeXBT broker review. You can see the plethora of advanced trading options supported by Bybit, which has made this one of the top exchanges in the world for professional traders. The candlestick is analysed by its width, length of the wick and colour. PrimeXBT offers address whitelisting, allowing withdrawals only to pre approved addresses. Alexandra Williams has been a trader and observer since 2019. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. PrimeXBT Trading Services, S. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. In accordance with our Terms and Conditions, certain products, services, or promotions may be restricted or unavailable in specific jurisdictions. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. PrimeXBT offers over 100 tradable instruments on its Forex and CFDs account, including currency pairs, commodities, indices, and cryptocurrencies. The regulatory framework for digital assets is still unclear. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. This example underscores the importance of. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 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. The bid price is the highest price that a buyer is willing to pay for a Cryptocurrency, while the ask price is the lowest price that a seller is willing to accept. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. If for any reason Bitcoin takes a hit, or even sees huge gains, this is often reflected by other tokens, like Ethereum. Implementing these strategies can help you attract more referrals and maximize your earnings through the PrimeXBT Referral Bonus program. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. But first, let’s solidify these key concepts before moving on. It has gained popularity for its crypto margin trading capabilities. My live tests indicate that broken down by asset class and compared to the industry average, PrimeXBT charges low spreads on cryptocurrencies, average spreads on currency pairs, average to high spreads on commodities, and high spreads on indices.

Support

The platform also allows setting limit orders and stop losses – crucial tools for risk management. Crypto is one of the easier things to invest in because of all the good platforms that are available on smartphones, it is also a fractional investment meaning you can spend as little as a few dollars and still own some Bitcoin. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. We provide the clarity you need on PrimeXBT’s functionality and risks to inform your trading strategy. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Traders must be aware of these regulations to avoid potential issues and ensure a smooth trading experience. This table provides a quick reference to the key steps in the PrimeXBT KYC process, their descriptions, and their importance. Thus, for your long trade the commission will be 0. Having been a retail trader since 2013, Plamen has gained an in depth understanding of the challenges that novice traders face today. Exotic pairs are without a doubt some of the most volatile pairs out there, but when it comes to more common pairs, the pairs that feature the Japanese yen tend to be the biggest movers. With its easy to use account structure, PrimeXBT gives traders all the resources and tools they need to trade successfully in a variety of markets. Binance is also working toward postingproof of reserves so that the world has transparency around its balance sheet. 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. All transfers are executed manually, once our team checks all transactions for risk scoring, money laundering, suspicious trading activity, and other patterns. This will help you plan profitable trades in advance and earn maximum profit. For traders who want to get more analytical and news information, PrimeXBT communities in social networks Telegram, Instagram, Facebook are available. $2,000 by bank card. The best platform in the world will become the worst one in an instant for someone who has all their funds stolen from the exchange. 01% for makers when you provide liquidity with your order. Seek independent advice if you have questions or do not fully understand the risks. Although the Stellar lumens trend has been going down, with seemingly no end in sight to investors asking themselves, “why is Stellar Lumens dropping,” things appear to be ready to turn around for the altcoin. Ensure you understand the difference before starting.

How to Claim the Bonus 50:

Among the days in June, June 10 saw the highest number of wallets added, with 3,979 new ADA wallets joining the network. This is what I discovered about the several entities operating under the PrimeXBT trade name. Headquartered in San Francisco, the exchange employs around 5000 people and has offices worldwide. Compared to the industry average, PrimeXBT provides an average number of currency pairs and a high number of commodities, indices, and cryptocurrencies. It’s a cool trading platform. Trading in Cryptocurrency, including XRP, has taken off with traditional traders as they flood to well established platforms that offer similar professional services that they are used to. On PrimeXBT, users are allowed to speculate on the price movement of various assets with Bitcoin. Il margin trading, uno strumento finanziario potente, ti permette di utilizzare fondi forniti da una terza parte per le transazioni di asset. PrimeXBT is one of the rare brokers with two margin call thresholds 16. Meanwhile, you as the copy trader simply relax and automatically replicate every trading move they make directly in your account with just a few clicks. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Currency pairs, commodities, and indices are traded without commissions. Please note that only special contest accounts participate in tournaments, you cannot trade on your real accounts. Easily buy Crypto with Visa or Mastercard. The fiat withdrawal process was straightforward but took a long time. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Scan this code to download app. Though if you know your way around a trading chart and have some experience, you won’t find any glaring issues with either PrimeXBT or Bybit in terms of user friendliness. 32 to send USDT over the BEP20 network. Withdrawal and Refund Policy. Low trading costs and 0 fees. We appreciate your recognition and are pleased that you find the deposit process enjoyable. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. It all depends on how long you want to hold Bitcoin for because you have not made any profit, or loss, until you sell.

Day Traders: Acceptable choice

9 out of 5 from over 2000 reviews. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. This table provides a quick reference to the key aspects of leverage on PrimeXBT, including their descriptions, benefits, and risks. Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Each type of fee has its own structure and calculation method. Brian Dean Nibley is a freelance writer specializing in Bitcoin and crypto with five years of experience in the industry. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Our website uses cookies. As a derivatives trading platform, PrimeXBT does not offer any spot markets. It is clear why this method can provide such profit as it allows traders to invest more money than they have in the hopes of making a return on that increased amount. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. In terms of customer support, you have the industry standard options of the 24/7 live chat and email ticket system. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Therefore, I cautiously recommend PrimeXBT as a legitimate and safe broker, as it lacks operational history.

BALEINE Affiliate Program

PrimeXBT is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds and transactions. Fundamental analysis will allow you to determine the intrinsic value of Bitcoin. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. Switching markets and searching trading pairs on PrimeXBT is straightforward. Just sign up for a live account and use the filter option to find top traders by profit, AUM, and followers. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. The maintenance margin is usually expressed as a percentage of the total market value of the securities held in the account. This transparency helps you choose a trader you’re confident in copying. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. While the COV token was initially intended to be exclusive to Covesting’s exchange, it listed on multiple exchanges shortly after its launch. Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. Always trade with caution and be aware of the risks associated with using high leverage in trading. The systems, strategies, and examples discussed are provided for educational and illustrative purposes and may feature hypothetical or simulated performance results, which come with inherent limitations. At current BTC prices, that’s nearly $1 million in additional revenue these traders were able to add to their bottom line.

Web3 Evangelist

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. If you have any further questions or need assistance, please feel free to reach out to us at. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. However, PrimeXBT does not offer any alternative platforms. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. 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. The smallest unit of Bitcoin is called Satoshi which has a worth of 100 millionth of a Bitcoin. Wharton Fellowship, the Executive Leadership Council award as well as the Shils Zeidman Entrepreneurial Fellowship at Wharton. Binance, one of the world’s largest cryptocurrency exchanges, offers a copy trading feature that allows users to replicate the trading strategies of experienced traders. Typically, it is done by the same dialog box that you would use to place any trade on your platform. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Regular updates and check ups are provided here to detect any possible vulnerabilities. We will be looking at 10 different ways of making money with cryptocurrency that prove it is not only easy for people to make money in the crypto industry, but it is possible for almost anyone to be successful when they decide to invest in the crypto ecosystem. The main features of Uniswap include. Primexbt gives you the opportunity to earn 50 percent of each trader’s income.

Currency:

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. We’re glad to hear that you appreciate the variety of cryptocurrency pairs available and find our trading platform to be a powerful tool. By choosing CFD trading, PrimeXBT has chosen a path that aligns with its goal of being a comprehensive, user friendly platform for various crypto futures trading with low fees for a great trading journey. When comparing Cardano’s growth potential with that of other cryptocurrencies, it is essential to assess variables including technology, acceptance, collaborations, and community support. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. In the case of a hacker, gaining access to a user’s password will still keep the account safe, thanks to the 2FA protocols set on the platform. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Best regards,The PrimeXBT Team. This is what Plus500’s Chief Product Officer has said. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Satoshi Nakamoto first invented the cryptocurrency in 2008. There is also leverage, which allows you to trade in much larger position sizes than the underlying cash in your account offers. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. However, it lacks other essential features like a depth of markets tool and does not support automated trading via Expert Advisors EAs. Go to the main page of the site and click on the “Sign Up” button. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Users can use isolated margin and cross margin as well. Let’s look at each market separately. The Covesting DApp sources reputable DeFi platforms that generate yield in a manner that is easy from the user perspective, providing the benefits of DeFi with the clean and simple interface of PrimeXBT.

Unlocked: Crypto Handbook!

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. 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. Plus, their profit share system is transparent – allowing me to know how much I owe when my copied trades turn profitable. This is why many prefer the term pseudonymous when it comes to crypto. DEXTools Logo / Source: DEXTools TwitterBlue chip cryptocurrency prices are on the front foot on Wednesday as US yields and the US dollar fall and US equity prices rise on a raft of weaker than exp. It’s important to note that withdrawal times can vary depending on network conditions and the specific cryptocurrency being withdrawn. An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. I’ve been using Coinbase for a while, and it has proven to be a reliable and user friendly platform for buying, selling, and managing cryptocurrencies. You can take a long position that will give you profits when the price of a cryptocurrency rises. Your satisfaction is our top priority, and we’re glad you’re enjoying your time on our platform. It is important to remember that Stop Loss/Stop Buy orders are triggered when top of the book ASK quotes reach the price specified in your Stop Loss/Stop Buy order.