Why trade with PrimeXBT? The top ten benefits for traders

That was the approach we took with OKX, an exchange that might have flown under lots of peoples’ radars. 5 depending on the chosen vendor or blockchain. Using PrimeXBT can be done by going to primexbt. Whether you’re a novice or an experienced trader, PrimeXBT provides the tools and opportunities to succeed in the dynamic world of financial markets 💹. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. We do not publish biased reviews or spam. To deposit Fiat currency USD, go to the Main page,. Unlike with CFDs, in this case, the buyer is the owner of the coin and has to take care of storing it. PrimeXBT supports trading Crypto, Commodities, Forex, and Global Indices. For those who get a headache just by looking at the trading chart, the Convert feature can be your new best friend as it allows you to swap between crypto and stablecoins. Conversely, if the price stays below the 50 day MA, it could be a bearish signal. 7% last week, marking the fourth straight weekly decline and its largest weekly decline in almost a year. This can happen due to various factors, such as limited market liquidity or slow matching engines at exchanges. This is by no means any kind of a snub against PrimeXBT, but only to illustrate the underlying focus of each exchange. We take pride in maintaining a strong reputation among traders by providing reliable and effective trading solutions. Ready to explore the future of trading. Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 82 cryptocurrencies. Yes, PrimeXBT offers a copy trading feature called Covesting. However, since the Beacon launch.

What is margin trading?

Overview of PrimeXBTPrime XBT is an online multi asset and multi currency margin trading platform which support the trading of cryptos, stock, and forex. Welcome Bonus does not require the activation of a unique promo code. Ethereum Name Service ENS. These fees are typically small but vary by blockchain. 00001471 in early February—a Prime XBT Features and Benefits gain of over 80%. Over time, many models, such as Bitcoin’s now infamous stock to flow model, have failed to yield the expected results. Understanding margin is one of the most complex things for trades, so don’t worry if you didn’t get its specifics at first. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Additionally, PrimeXBT supports the trading of Crypto BTC trade pairings. Pro Tip ✔️: Use a block explorer to monitor the confirmations. Our website uses cookies. 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. Donate : We run this project for the benefit of the cryptocommunity on a small budget. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Date of experience: April 23, 2024. 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. 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 supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. The remaining $1,000 in your account can be used to open additional trades. However, the platform does reserve the right to request details should a transaction be flagged as suspicious. Sign up for PrimeXBT today and start your journey towards trading success. The current 24 hour withdrawal limit that applies to your account is displayed in the “Settings” section of your account. We may receive a commission for purchases made through these links. Many people who use PrimeXBT find that it is highly wide ranging and component in numerous areas. Any chart’s point may be highlighted to display the time, date, open, low, high, close, or value. The lack of portfolios to browse and copy is a con in itself.

PrimeXBT Affiliate Program

At the time of this writing, the supported coins include Bitcoin BTC, Ethereum ETH, EOS EOS, Litecoin LTC, Ripple XRP. The exchange utilizes an extensive cybersecurity framework to make sure that strict measures and best practices are implemented to protect customer assets against any eventualities and threats. The transfer of funds from cold storage to hot wallets is handled manually and requires coordination from multiple employees, using multi signature technology to enhance security. PrimeXBT aims to provide a high level of security to its users. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. In March 2024, BTC set a new all time intraday trading high by breaking through the $69,000 level and even topping out at $73,000 before declining in price. PrimeXBT is a CFD exchange that offers a suite of trading markets, including some cryptocurrencies. Forex Brokers with Minimum $1 DepositForex Brokers with Minimum $5 DepositForex Brokers with Minimum $10 Deposit. Experience competitive spread fees starting at 0. Even when looking at this, traders can again hedge their risks by deciding to have 10 trades out at $50 each, or go a lot riskier and bet all $500 on one trade. As the great George Soros famously said. However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. That’s the profit power of the PrimeXBT referral program. 41%, despite only being active for 23 days. Date of experience: April 29, 2024. The vast majority of this amount was minted when the network launched in 2017, with 31. If you have any further concerns or need detailed assistance, we encourage you to reach out to us at. This is because you know that over the longer term, your rules do make money. This potential for amplified profits is what entices many investors to use leverage across Bitcoin Futures and other assets. While the network will be much more functional, crypto has been rapidly declining. Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. However, given certain regulations, there are some countries that they do not accept traders from. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. Therefore, investors need to be wise when choosing a reliable exchange. In 2021, the network secured more than $75 billion of value as it grew to include 1100 projects. This PrimeXBT Crypto Futures review will complement our previous review, and should simply give you more info about the company than you had prior to reading. Just like trading in general, shorting requires active management of the open trades.

Benefits of bidding on Freelancer

To get these transactions right, the three sides of it need to be correct and operate securely. This can be a side gig for some extra crypto, or can be a full time job. Please note, promotional codes can be activated from December 19, 2022 through January 15, 2023 during PrimeXmas only. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. Any investment or trade carries a risk of capital loss. The ability to surpass these limitations defines it as a successful and a sustainable system, or asset. 🌍 Global Accessibility: Operating in over 150 countries, PrimeXBT boasts a community of over one million traders. US residents may find the exchange particularly appealing and it is one of the few exchanges that does not specify that services are restricted for US residents in its terms of service. PrimeXBT is off the hook. The coin can be traded on popular platforms like Binance, OKEX, and Huobi. However, users who want to enjoy higher withdrawal limits and other benefits can choose to complete KYC verification voluntarily. PrimeXBT review holds users’ funds in a secure offline environment, away from any internet connection, therefore substantially mitigating the risks. This intuitive trading platform caters to the needs of both beginners and experienced traders. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential.

Community

💸 Enjoy copy trading, powerful analytics, real time news, forecasts, and trading signals. 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. However, like anything financial, and nascent, there are risks that should be carefully considered. Because crypto is currently in a bull market, investing in any coin in 2021 could very well be profitable. PrimeXBT Trading Services LLC is incorporated in St. This outstanding VPN even allows you to sign up without an email address. PEPE’s recent movement defies market expectations and coincides with recovery in the entire crypto market. Expert cryptocurrency traders usually base their decision making on analysing the prices. What makes PrimeXBT really powerful is that its popularity is also backed up by the ability to trade multiple asset classes on a high performance trading engine and super customisable interface. Maintaining accurate records and reporting transactions can help avoid legal issues and optimize tax liabilities. Com website are free for you to use. Anyone can write a Trustpilot review. Currently, we do not offer a no deposit bonus. THE BEARISH PENNANT FLAG PATTERN This chart pattern is different from the bullish pennant flag pattern, because its pole runs down before the triangular flag consolidation start. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Other banned countries include the usual list of nations like Cuba, Algeria, Ecuador, Iran, Syria, North Korea, Russia and Sudan. The new user will generate up to 20% in commissions. He teamed up with former lawyer Joyce Kim to launch Stellar as a platform for everyday use. Here is a look at the margin requirements for some of the 51 forex pairs available. For this guide, we will use Crypto, as the pair that we want to trade is the BTC/USD. Com is provided solely for informational and educational purposes. Compared to popular options like FP Markets, PrimeXBT charges a much lower fee at just 0. 🌍 Global Accessibility: Operating in over 150 countries, PrimeXBT boasts a community of over one million traders. Without the help of their support I wouldn’t understand its potential. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This is why so many people use technical analysis right along with fundamental analysis, using the fundamental analysis as a way to look for the directionality of the trade, and the technical analysis as a gauge for entry, stop, and profit taking levels. The platform provides detailed charts, technical indicators, and customizable layouts to enhance the trading experience.

Contents

It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. Making a deposit is simple, by either copying the BTC address associated with your account or by scanning the QR code. Thank you for choosing PrimeXBT, and happy trading. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. Simplicity and new powerful features were at the top of people’s wishlists. Before you do anything, you need to pay close attention to what the market is doing. To trade with margin, users must fund their trading account after making a deposit to begin trading. Investors are always searching for coins that can boost their portfolios and earnings. Launched in 2018 amid a severe Crypto Winter, PrimeXBT is a one stop trading platform for futures and CFDs on cryptocurrencies Bitcoin and altcoins, commodities, stocks, indexes and foreign exchange FX, forex currency pairs. But if you want our honest opinion, you are better off using other exchanges we’ve reviewed. Bybit has seriously ramped up its security framework in recent months, leading to independent security firm Certified listing them as a top ten most secure exchange, giving them a Triple A security rating. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Binance’s extensive range of altcoins and additional features appeal to traders interested in exploring various digital assets and participating in new projects. Under such appealing conditions fraudulent developers hide a malicious intent to lure investors funds to subsequently go awol leaving them with as much as a hand full of worthless assets. All of our assets are safeguarded by bank grade security and an offline cold storage asset system designed to protect against any possible risk or threat. Nothing in this website is intended to constitute the marketing or promotion of PrimeXBT services. This module is provided by Covesting, a fully licensed DLT services provider. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. No longer are crypto investors stuck with only the option to “hodl” their spot bought assets during downtrends. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Leading traders can monetise their skills by earning success fees from their covesting followers. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Editor in Chief of Blockonomi and founder of Kooc Media, A UK Based Online Media Company. 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’s copy trading feature is marketed as Covesting and operates similarly to the copy trading services offered by eToro. After registration has been completed, PrimeXBT requires a minimum deposit of 0. PrimeXBT is a very useful exchange, as it gives cryptocurrency investors the ability to also speculate on traditional markets.

Does PrimeXBT provide 24/7 customer support?

The support and resistance levels can change drastically. The fee itself can vary depending on which kind of crypto you want to withdraw and the network used for the process. Picture a trader that believes Bitcoin’s price is poised for a surge. The project is very important and promising, the team evokes authority and shows results, which gives confidence to think that the development will continue to be successful. The marketing is usually done by advertising the solutions that the project can provide. Some examples of leverage trading here could serve up returns over 100% higher than what you’d get without leverage. Unless you are planning on “buying and holding”, the interest involved has little effect on the outcome. It can also be used to ensure tax compliance, for example, many exchanges operating in the US use this information to issue 1099 forms to both investors and the IRS. Warning ⚡️: Trading leveraged futures products is incredibly risky. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. The affiliate program has been working for a long time, they have stable payments and responsive technical support, work with a large list of geo, a good referral programso cool. Higher leverage on a volatile asset significantly increases the risk of liquidation, even with minor price fluctuations. Most of the time, ETH financing fee is around $0. Clients enjoy the confidence of trading with an award winning brand, committed to security, and benefit from round the clock support. It’s the easiest way to get in the game with zero fees and no slippage. Most traders think there are only crypto assets but besides that you can trade forex, commodities, indices assets. Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Receive the latest news and stay informed. It’s a market leader when it comes to fees – KCEX doesn’t charge any spot trading commissions. Scan this code to download app. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Some key features of PrimeXBT include. Cryptocurrency, Forex, Indices and Commodities.

Tech Dictionary

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. A membership buy in feature is not the same definition of staking used by other exchanges. PrimeXBT does not provide exchange services, doesn’t support anonymous privacy cryptocurrencies, nor directly supplies a fiat to crypto gateway; therefore, our services are less likely to be used for money laundering or terrorist funding purposes. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform. These offers, available for a limited period,. The company started operation in 2018 with its headquarters in Seychelles but has since shifted its offices to Switzerland. Especially if you have a crypto wallet that isn’t connected to the internet. What’s catching their attention is PrimeXBT—a platform that offers big chances to make money, a wide range of assets to choose from, and really good security measures. 5 retracement levels, or 1. These include rewards for account verification and reaching specific trading volume thresholds. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Let’s have a brief introduction of the two platforms here. It is also important to learn the existing strategies. A margin call is a notification you may receive from your broker when your free margin falls below a certain threshold usually below $0. If you lose a margin trade, it is the same as in the other trade, money will be deducted from your account. PrimeXBT gives users the tools to perform technical analysis using Chart drawings and technical indicators. The destination option allows to make a deposit directly to your Global Markets currency trading account. The exchange has deep liquidity and near instant trade execution.

⭐ Crypto Gambling Picks

PrimeXBT offers exciting rewards and bonuses to its users, just for completing tasks. The major pairings include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, and USD/JPY. The lack of portfolios to browse and copy is a con in itself. Both PrimeXBT and Zengo provide users with the ability to buy and trade crypto assets. PrimeXBT does not need any specific traffic or sales. Just sign up for a live account and use the filter option to find top traders by profit, AUM, and followers. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. So, by using a no KYC exchange, you can avoid these intrusive measures. We collect data on strategies filtered by maximum win ratio in April 2024. If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. When the new customers sign up and register with Primexbt the affiliated partner earns a commission, depending on the trading fee of the referral, primexbt platform will pay a commission up to 4 levels. Cardano is a blockchain platform that processes transactions using the native Cryptocurrency ADA. Before diving into leverage trading, it’s crucial to understand the risks involved. Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. The platform employs advanced security measures, such as SSL encryption, two factor authentication 2FA, and cold storage solutions for the majority of users’ funds, minimizing the risk of loss in the event of a security breach. PrimeXBT offers leverage of up to 100 times the deposit size. This is because isolated margin trades are particularly vulnerable to swift liquidations due to their predefined margin boundaries. Com is operated by PrimeXBT Trading Services LLC an entity that is not established in the EU or regulated by an EU National Competent Authority. Dear Jaime,We’re delighted to hear that you find trading on PrimeXBT worthwhile and user friendly, especially as a newcomer to the industry. A Platform to over 1 million + Crypto and Blockchain enthusiasts in the world. Note that PrimeXBT is not available for users in the United States. After leaving Bitmain, Wu founded Bitdeer and Matrixport, driving innovation in crypto mining and financial services. 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 first pan Caribbean private equity fund dedicated exclusively to making investments in the CARICOM Region.

Khalid m

Thank you for acknowledging the efforts we’ve put into creating a diverse and supportive trading environment. However, it’s uncertain how this fee structure stacks up against others in the market. 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”. 📊 Standout Features: PrimeXBT offers proprietary copy trading, allowing beginners to follow successful traders’ strategies. We strongly urge and recommend all existing users and potential clients take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. The cryptocurrency landscape is still in the emerging stage. This means you can expect fair pricing, transparent trade execution, and a well regulated trading environment. The funding rates are calculated using the following formula: Funding Rate % x Asset Price x Amount position size. For some traders, it is as little as 0. Finally, they also have advanced hardware modules where they run their trading technology. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. 0 is not reliable and the lack of feedback is probably more reflective of the exchange’s lack of popularity. Although relying on Ethereum, both tokens have performed outstandingly during bull runs. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. Futures also use leverage as the CFD market but typically offer less. It is also a great way for experienced traders to earn some extra income from other traders. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. PrimeXBT trading fees start at 0. The platform aims for its brand to be synonymous with innovation and quality, and to build upon its reputation as a trusted and reliable partner for traders globally. This collateral ensures the masternode operator has a vested interest in the network’s well being. Prime XBT vs Bybit – Which is Better for Trading. The platform allows users to trade both long and short positions, with margin. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. You may modify the candlesticks intervals using a special drop down menu. That’s why our Futures. To withdraw, simply go to the withdrawal tab and input the amount of BTC and the destination address. Traders can open positions on the USD, the British Pound, the Yen, the Euro, and so forth. Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. On the other hand, if you use the CFD as we offer here at PrimeXBT, you get to set how big the position is, and when to trade it. Here, copy traders can earn 75% profit share.

More Sections

Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. Launchpads are a fantastic way for retail traders to get early access to projects before they go public, a benefit that used to be reserved for VC firms, or those with deep pockets and friends in high places. Remember, each promo code has its own rules and conditions, so be sure to review these before activation. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. The main section of the platform allows you to manage your account. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. 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. This site is using Cloudflare and adheres to the Google Safe Browsing Program.

Grab Binance $600 Bonus

This opens up the possibility for much larger gains if the trader has positioned themselves within the market correctly, but leveraged trading can also lead to quick and major losses if the trader is on the wrong side of the market. Primexbt 50 bonus, primexbt bonus 50 and primexbt 35 bonus. Both of these support channels are open for messages 24/7. As an example of buying on margin, let us say that an investor wishes to buy 200 shares of a company that is currently trading at $60 a share but only has $6,000 in their account. Type above and press Enter to search. Established in 2018, PrimeXBT Trading Services Ltd PrimeXBT has emerged as a versatile online exchange platform catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. Traders should not let emotions cloud their judgment or lead to impulsive decisions that could increase the risk to their equity. It feels like a form of ‘legal’ theft. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. For Direct Crypto deposits, traders have to choose the currency they prefer to deposit, copy the wallet address provided by the platform, and transfer their funds to the respective crypto address. If the user already has crypto, it is simple to deposit them into their account via the specific deposit address. Best regards,The PrimeXBT Team. The first thing you will notice when you try the platform out after reading my PrimeXBT Crypto Futures review is that the dashboard is fully fledged and designed for advanced users.