PrimeXBT Review 2024

Donations are extremely welcome. PrimeXBT was founded in 2018 with the goal of providing traders with easy and immediate access to a wide range of global markets from a single platform as well as all the education and tools they need to succeed, regardless of their financial experience. This is because the platform provides technical solutions for buying and selling currencies, and liquidity is provided from partners. New York, and Washington residents are excluded from trading on this platform. Traders should also consider their risk tolerance, trading goals, and market conditions when developing their strategies. Experience hassle free deposit and withdrawal options with PrimeXBT. Yield farming, staking, decentralized. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Both platforms offer robust support, but their approaches to education and customer assistance may influence your choice.

Why Choose PrimeXBT?

When a customer deposits $2500 or more, they get a bonus $500. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Stable trading engine and powerful charting technology. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Primeclass Affiliate Program. Yes, the PrimeXBT App is free to download and use. The performance of the Crypto market as a whole, as well as key technological advancements, will play a significant role in shaping POL ex MATIC’s prices throughout the year. If you have any suggestions or need assistance, please don’t hesitate to contact us at support@helBest regards,The PrimeXBT Team. PrimeXBT is a Bitcoin based margin trading platform. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. This is why it is such an important criterion for us when we complete these reviews. There is no minimum deposit to open a PrimeXBT account. With that, many people want to know how to make money with cryptocurrency. The number one most important factor when selecting an exchange is reputation. For example, on the higher end of fees, certain exchanges can charge you as much as 0.

How to Activate Your Promo Bonus

If you have any further insights, questions, or need assistance with any aspect of our platform, please don’t hesitate to reach out at. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. If you ever need any assistance or have more feedback, please feel free to reach out to us via live chat or email at. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. It was founded in 2007 and is known as one of the founders of copy trading. Visit PrimeXBT Platform and get 35% on Your First Deposit. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. It’s worth mentioning too that they have a secure and easy to use platform for both new and experienced traders. SimpleSwap is an instant crypto exchange, offering more than 900 crypto and fiat currencies available to trade. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. EToro is a multi asset social trading platform. 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. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. Don’t worry, we don’t spam. With a unique link, earn payouts from trading commissions paid by your referrals. Best regards,The PrimeXBT Team. As of this writing, PrimeXBT does not offer interest bearing accounts. Scan the QR code with your device’s camera and get APK file. However, it’s still unclear whether the platform merits investment. Our website uses cookies. You might also like: PRIME XBT Review. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. As an active trader, I https://primexbt-trading.com/deposit-methods/ appreciated the inclusion of advanced technical indicators and the availability of high leverage. Trading can be overwhelming, especially for newbies. This variety helps traders diversify their portfolios and find more market opportunities.

Access more products from a single accountAccess more products from a single account

Regulatory requirements and restrictions can have a significant impact on traders using PrimeXBT. If you’re new to trading, the PrimeXBT bonus can be a welcome boost to help you get used to trading quickly and efficiently, while potentially maximizing your gains. The Cardano Foundation is an independent non profit oversight body established in 2016 to act as the custodian for the Cardano network. We’re excited to announce the winners of Round 1, who’ll be taking home amazing prizes. Some reviews mention poor customer service, but most users find the platform meets their investment needs. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. To follow and copy forex traders here is just easy. On chain metrics are the easiest to use because the data is generated in real time, and it is readily available on different websites. Is the price near an important support or resistance area.

Historical attempts to reach $1

The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Additionally, you cannot set stop losses and take profits directly from the order form. Check website for details. Dear Felipe,We’re glad to hear that you’re enjoying the crypto futures on PrimeXBT. Proper risk management and use of stop loss and take profit orders is key to protecting you from undesired outcomes, if the market shifts in the opposite direction of your trade. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change.

Withdrawals

Risk warningBefore 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. Companies can ask for reviews via automatic invitations. This information is general in nature and is for educational purposes only. In contrast to centralized oracles, Chainlink employs “hybrid smart contracts” to decentralize the movement of data on and off blockchains. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Ethereum and crypto, have moved beyond the scandals of 2022, setting up Ethereum to double in price over the next several years. However, it is also a Cryptocurrency; therefore, you should understand that there is much volatility when investing. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. You need to deposit 0. A trade on the GBP/USD CFD contract has a margin requirement of 0. This allows the trader to psychologically accept the losses that will inevitably come from time to time. $20,000 or equivalent for unverified users. How to claim a 50% deposit bonus on PrimeXBT. 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. There are two classes of assets available for trading: futures and CFDs. No marketplace activities such as buying or selling crypto, items, accounts etc. Bitcoin is something that everyone should consider adding to their investment portfolio. The platform launched its trading services in early 2019. In this scenario, a 10% price increase would yield a $500 profit.

Minimum and Maximum Deposit Limits

Hardware wallets are the safest. 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. PrimeXBT has become a key player in crypto trading since starting in 2018. 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. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. This lets users make the most of market trends in different digital currencies. The fee will remain the same regardless of the amount being withdrawn. And this is one of the primary risks when you are asked to complete your KYC requirements. In this case, you do not need to enter a verification code: you will immediately get access to the Personal Area. Ask your question in the comments below. If you want to learn more about what users are saying, visit our PrimeXBT reviews page. By implementing these techniques, traders can enhance their trading performance and minimize the impact of adverse market movements. Learn more about Baksta’s Legal Terms. These promotions may include deposit bonuses, fee reduction offers, and promo codes that enhance trading opportunities. We’re here to help you navigate the markets and ensure your trading experience with us is positive and successful. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. The marketing is usually done by advertising the solutions that the project can provide. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Choose PrimeXBT for a versatile and user friendly payment experience. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. In it, you can track the most important news in the world of finance, which may affect the quotations of market assets, including cryptocurrencies. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. 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. If you have any questions about our asset offerings or need assistance with any features on the platform, please don’t hesitate to reach out at. I’ve been using the platform for several months now and have run into very few problems. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Learn more about Baksta’s Legal Terms. $2,000 by bank card. 😁Best regards,The PrimeXBT Team. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB SITE.

Latest Updates

These platforms prioritize user privacy, offer faster onboarding, and provide access to financial freedom without the need for regulatory compliance. Restricted jurisdictions can be noted here. But, the market alone is not good enough to make a decision to jump right in because some cryptocurrency markets are very attractive and welcoming, but they can be traps and lead to pain down the line once the market hype is over. You will receive an e mail with a confirmation code. We hosted an entire series on copy trading and how it can be beneficial to a large scope of traders: Copy trading series. Crypto futures are derivative contracts that let you speculate on cryptocurrency prices. PrimeXBT implements industry standard financial monitoring procedures as a part of our AML to call attention to any assets or activities that may require additional CDD Customer Due Diligence review. 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.

Newsletter

This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Ideal for both beginners and pros. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. And have it transferred to your PrimeXBT wallet. 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. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Using the PrimeXBT mobile app, you can deposit, withdraw, and view transaction history directly from your iPhone. The reader is fully responsible for any investment decisions they make. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT.

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By staying informed about these factors, traders can make more accurate calculations regarding their trading costs. PrimeXBT offers a range of assets, including cryptocurrencies, forex, commodities, and indices, each with its own fee structure. PrimeXBT plans to contribute to educational initiatives and community support programs in South Africa, further solidifying its commitment to the region. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. EURO VS DOLLAR EUR/USD: EUR/USD has experienced a notable short term reversal from the external support zone near the 1. That dream has started to fade as investors realize that returns in the stock market could be done for some time. For me onboarding at PrimeXBT was seamlss. Similar to Bitcoin, Litecoin is a digital currency that is expected to experience significant growth in the long term. Trade Crypto Futures Contracts incl. PrimeXBT reserves the right to revoke bonuses if users are found to violate the platform’s terms and conditions. Our platform supports a variety of trading strategies, allowing traders to choose the one that best suits their trading style and goals. Regular security audits and compliance checks are conducted to maintain these high standards. Authorization fields are required. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. After hitting that bottom, Bitcoin climbed back all the way to $14,000, then fell back to under $4,000 once again. 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. Whether you have a question about our platforms, or need help with your account, our friendly, multi lingual support team is available 24/7 via live chat, and email. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. PrimeXBT has not provided an explicit reason for this, but it can be deduced from their stance on financial safety that it was implemented as a type of implicit risk management protocol. PrimeXBT Contests provide an exciting opportunity for traders to participate in risk free trading competitions using virtual funds. According to the platform, it takes 7. However, using a stop loss and money management is the solution. PrimeXBT shines in a crypto exchange comparison for many reasons. One of the most attractive features of PrimeXBT is the ability to sign up without KYC or ID verification. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. PrimeXBT is tailored towards seasoned traders who are adept at navigating complex trading environments. In 2019, at least 94% of orders on PrimeXBT were executed at the quoted price or better. PrimeXBT also offers low spreads on forex pairs like EUR/USD, which helps forex traders a lot. CFD contracts for the world’s most popular stock indices are also featured on PrimeXBT, and include SPX, NDX, HSI, and many more. In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks DDoS.

Can US citizens use PrimeXBT?

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. We are here to assist you. In addition to these resources, PrimeXBT offers user oriented features like. Following this, the market leader, BTC price recorded a correction of 3. The first thing you will have to do is think about your risk tolerance. Futures markets liquidation was more than $1. Yes, you can use multiple deposit methods on PrimeXBT, allowing you to fund your account using both cryptocurrencies and fiat currencies as needed. The Bank of England BoE has reduced interest rates by 25 basis points 0. Understanding and utilizing PrimeXBT’s security features is essential for maintaining a secure trading environment. The exchange has relatively low trading fees, with tiered discounts for CET token holders. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. What is the minimum deposit at PrimeXBT. The platform uses many protocols to keep user assets and info safe. One of the best aspects of the platform is their support team.

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PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer PrimeXBT TH of security. Here is an example of margin trading in the crypto market. Due to the popularity of the meme at the time, the “joke” currency quickly turned into a project with a thriving community and started to see regular use as a transfer of value. Once it is decided how much Bitcoin to purchase, click Buy. The “Buy and Convert” feature is a really easy way to trade crypto as it involves exchanging one crypto for another, without the need for a trading chart. 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. Note that they are not filled because, currently, you can’t add them at the moment of your trade on PrimeXBT. Information regarding past performance is not a reliable indicator of future performance. Learn more about Baksta’s Legal Terms. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. The cryptocurrency LINK has value because it has to be used by those wishing to make transactions. The current Toncoin developers have promised a long list of privacy focused features, including VPNs, DNSs and ways that allow users to buy Toncoin, sell it, or store it in a secure and anonymous way. Remember, the key to successful trading is starting slow, doing your research, and never investing more than you’re willing to lose. In terms of fees on the platform, there are a couple of things you should know. Let’s now move on to creating a comprehensive FAQ section to address common questions about PrimeXBT payment troubleshooting. Withdrawal fees apply when withdrawing funds, and overnight fees may be charged for holding leveraged positions overnight. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent.

Worse

Between euphoria and complacency, an expert trader will exit their position before the bear market kicks in. Today, the asset is maturing and finding new use cases, such as a safe haven asset and a contactless payment technology. Content is written free from bias and is fact checked where appropriate. OthersThis Personal Information Management Policy does not apply to the collection of personal information by the websites linked on this website. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Dear Jiajun,We are sorry to hear about your experience and would like to understand the details better to assist you. Estamos aquí para apoyar tu crecimiento. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Consider registering to PrimeXBT to buy Bitcoin and trade Bitcoin based CFDs for forex, commodities, stock indices, and crypto. As there are so many opportunities to pull information into the blockchain from other places and, of course, vice versa, the value of LINK should continue to increase as long as blockchain use increases. These bonuses are designed to enhance the trading experience by giving users extra resources or reduced costs to maximize their potential gains on the platform. If you think that they’ll fall, you short the market, and your broker takes care of the rest. Beginner traders may feel overwhelmed with the amount of information that they need to process when they first get started trading Bitcoin. Have you used Prime XBT Yourself. Poppe told his 719,000 followers on X that Ether «is at the end stage of the correction,» as illustrated in the graph below. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Yet, where does copy trading fit in this complex equation. Platforms I traded with before offered higher commissions, which increased expenses on trading. Here’s our detailed analysis of the futures trading experience. Most Forex trading is done between major institutions and central banks. If his observations are correct, it further props up the idea of trading derivatives like CFDs to take advantage of the uncertainty and volatility since you can both buy Ethereum and sell it without the obligation of owning the underlying asset. With the help of PrimeXBT’s copy trading feature, inexperienced traders can monitor and replicate the trades of seasoned, profitable traders. While BingX focuses mainly on cryptocurrencies, PrimeXBT also offers forex, indices, and commodities. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Trading involves risk.