PrimeXBT Review 2024: Features, Pricing Pros, Cons and More

To gain more information about leveraged/margin trading read our how to trade Bitcoin guide. Maybe someone can give me some tips on how to effectively use market understanding and analytics. Next, you have to predict the exact price for these assets on specific turbo intervals, such as. Ask price is generally higher than the Bid price, and the difference between these 2 factors is the Spread. The UI/UX for both platforms is great, and both platforms have highly rated apps, with the PrimeXBT app even winning an award for best crypto trading app. Short order should be taken at resistance, and profit taking done as the price approaches support. As well as margin trading, PrimeXBT has a Covesting copy trading module with hundreds of strategy providers. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. Shiba Inu calls itself the “Dogecoin Killer” and aims to surpass DOGE in market capitalization. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.

Unlock the Secrets of Crypto Copy Trading: Multiply Your Profits with Bitget and PrimeXBT!

Trade Fees are as follows. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Our experts found that PrimeXBT has developed a mobile version of their custom platform, available for download on iOS and APK smartphones and tablets. No one likes seeing their position being shut down, nor losing their capital. Last updated 1 month ago. Leverage can be a very powerful tool with which to generate great profits, but this feature is only recommended for users with a medium to high trading experience. I think its time for me to write my first primexbt review after trading for sometime. Based college or university and verify your student status through SheerID, a third party verification service. This means that users can insert a new panel onto any one of their desired workspaces. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. Sign up with this link and then go to “promo code” and enter “bitcoinsensus50” in the provided space. PrimeXBT users can buy, exchange, and transfer Crypto via the Main page,. PrimeXBT does not charge any deposit fees. BC Bitcoin is a cryptocurrency broker based in Lithuania that launched its service in and offers individuals to buy and sell more than 24 cryptocurrencies. Upon registering, users automatically receive a BTC margin account.

Bybit: The Tech Savvy Sensei

Since then, it has retraced back to around $2. Simply add a new time code generator in your 2FA app and enter the 16 digit backup code. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. Remember, the perfect platform is an extension of your trading soul. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. A very common way to enter a short selling position is to wait for a pullback into a commonly followed moving average. PrimeXBT provides wallets for BTC, COV, ETH, USDC, USDT, and US dollars. This is a great way to receive greater exposure to the market, grow your community and scale your profit opportunities. In addition, PrimeXBT fees are different for both market and limit orders. The platform also has an extensive knowledge base containing answers to frequently asked questions and a blog section that provides regular updates and analysis on the cryptocurrency market. The same amount of money will be made in returns, but significantly less capital will be put at risk for a greatly amplified effect. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. It’s also important to note that the valuation of COV on PrimeXBT is pegged to a fixed BTC amount after its delisting from KuCoin. One of the main benefits of dYdX is that it does not require any KYC Know Your Customer verification, which means users can trade anonymously and securely without revealing their personal information. On Prime XBT’s website. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. We would like to inform you that we are currently updating our promocode activation and reward distribution systems. The interest in margin trading is much smaller than what PrimeXBT VN you earn on your credit card, but when done wrong, it can also lead to losses. Leverage ratios will vary, depending on the market you are trading, the broker, and the size of your position. Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. Get notified about new answers to your questions. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. Vincent and the Grenadines, Canada, Cuba, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, United States Minor Outlying Islands, American Samoa, and the Russian Federation. Now you can bet on whether Bitcoin’s price is going to go up, called a long, or go down, called a short. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. Some drawbacks found by experienced traders about the crypto exchange are as follows. XRP maxes out at x175, BNB is set to x75, LTC, MATIC, and ATOM offer x50, and TRX can reach x30.

PrimeXBT Promo Codes: Complete Timetable

Current trade fees on Crypto Futures trading accounts are. The latter will not apply if you enter and exit the position within the day. We realize that margin trading requires a fair amount of skill and there’s plenty of risk involved, but as long as you understand this and budget carefully, there’s no reason why you can’t enjoy everything PrimeXBT has to offer. What is a demo account. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. The exchange recently released its tiered fee structure for those traders who do a considerable amount of volume on the platform. Also you have to join a waitlist for the service, which won’t launch until late summer of 2021 at the earliest. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. Users also have access to the Help Center, which features a comprehensive FAQ section.

COV Token Benefits

1 BTC position instead. It is yet to be seen what role it will play and how it will affect the utility of the ecosystem in general. The trading fee follows the market maker and taker fee model and varies based on 30 day trading volume. Amounts of money not that 12k I was working with like 50k to 250k or even more. Forex: PrimeXBT supports trading all the major Forex pairs, crosses, and exotics. After you confirm to connect your MetaMask account with your PrimeXBT Wallets, you will find a blue ‘Deposit’ button in your ETH, USDT, USDC or COV Wallet. And it’s probably only fair that we ask the same thing of PrimeXBT. Polkadot is already integrated by some of the most popular crypto wallets like Trust Wallet, Guarda or Atomic Wallet. PrimeXBT deals exclusively in cryptocurrency so if you already have BTC or another asset, direct deposits into a PrimeXBT account are straightforward and free. XRP rallied in early 2021, hitting a price of $1. Part of the reason that investing in cryptocurrency has become so enticing for new investors as well as traditional investors is because of the volatility. An additional confirmation menu will appear.

Depositing funds

Privacy Policy Terms of Use. For example, the cloud is only one aspect of the tool that shows where support or resistance may lie. Let’s say you’ve defined a trend following trading strategy in your trading plan. Despite that, the platform does have a few limitations. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Today is intended for informational purposes only. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. This means that you can simply sign up and start trading in a matter of minutes. Yes, feel free to download the iOS App or Android App. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain centered projects and hasn’t looked back ever since. Other opportunities include buying crypto, an ambassador program, and much more. Learn more about Baksta’s Legal Terms. Additionally, users can deposit and withdraw US dollars. In the dynamic world of online trading, staying ahead with cutting edge technology is crucial. The mobile app has almost all the functionality of the desktop web based platform, with several order options and an impressive array of customization options to suit any trading preferences. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Any withdrawal requested after 12:00 UTC will be processed on the next day. In February 2021, the company announced it was moving its headquarters location and trading infrastructure to Switzerland. If there is some type of bullish impulse, it’s very likely that Stellar will struggle to get above $0. In fact, there have been times throughout history that a market has gone “limit up” or “limit down” right at the open for several days in a row, trapping traders in extraordinarily negative positions. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. Once again, we wish warmth and happiness and see you Next year. Now you have an open leveraged position on PrimeXBT. Report rules violations.

PrimeXBT, Vietnam

Claim up to $30,030 in Bonus. PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid for signals. To register on the PrimeXBT website, you need an email address and a password. Prime XBT is a derivative exchange with a wide range of trading instruments. Traders and investors use our platform. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange. This flexibility makes them suitable for longer term strategies. You can open and close margin positions, create watchlists, and monitor your positions from your phone. Our catalog of digital assets include the industry’s most popular: Bitcoin, Ethereum, Litecoin, Ripple, and EOS. Very High Triple A rating by Certified. Day Trading entails buying and selling stocks, shares, commodities, or cryptocurrencies within one day to capitalize on market movements. 5 of a BTC at ths spread, your stop loss will need to be placed further out of reach from the spread and what may have been a $10 loss at. Covesting charges an additional 10% for facilitating the process, which means the investor makes 70 percent of the original profit without getting involved in the actual trading. The idea is to decentralise the “login” monopoly now held by huge corporate entities such as Facebook, Google and others, while centralising accessibility to a variety of apps, websites and services. 1 BTC into PrimeXBT exchange, the maximum amount of funds you can lose is 0. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. However, as the average cryptocurrency trader changes, so do the features offered to them. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. Claim your $600 Welcome Voucher for completing simple tasks on Binance.

Crypto Deposits

Moreover, crypto analysts argue that price movements are not random, but they rely upon a trend. Staking COV tokens unlocks the following benefits. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. To get to your margin trading page, click on the Trade button located in front of the margin account of your choice. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. LTC costs less than BTC, making it more affordable and better suited for regular transactions. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. You can find more information about the military discount on PrimeXBT’s website or by contacting PrimeXBT customer service. The Affiliate program provides the ability to enjoy profit share of up to 50%, and up to $2500 per client. The PrimeXBT technical analysis platform runs on Tradingview. The trade fee is charged every time you open or close a position. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. In order to reduce the possible negative impact of breaking news on your trades, you should actively manage your trades and always use a stop loss. PrimeXBT processes withdrawals only once a day, somewhere between 12:00 and 14:00 UTC. It’s like a multi level marketing plan. However, traders should carefully assess their own needs and compare different platforms to make an informed choice. Here’s an example:If you have 1 BTC on your trading account balance – we will provide you with 1/100 margin and it means that the max position Long or Short you can open is 100 BTC. If you use this specific link you will get a very valuable FREE bonus if you meet the deposit requirements. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. I have screenshots as evidence. Well, the simple answer is that it doesn’t have any and isn’t required to as it is based in St. These products are not suitable for all investors. By clicking on the ‘Stop Loss’ or ‘Take Profit’ TP / SL pencil icon buttons next to your positions in the ‘Positions’ sub section, you will open a special menu where you can place or remove protection orders for your positions. These include rewards for account verification and reaching specific trading volume thresholds.

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A Stop order is an order to buy or sell an asset once the price of the stock reaches a specified price, known as the stop price. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. This is much quicker; therefore, you can get in and out of the market without worrying about wallets. Upon registering, users automatically receive a BTC margin account. Given that PrimeXBT does not conduct these unless they have concerns about suspicious activity, it means that it frees up a lot of time for their agents to answer the most pressing questions for the traders. Just click on “Open new account” and pick the cryptocurrency of your choice. There have been a lot of myths related to the cryptocurrency sector, but most of these myths are unfounded. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. Is PrimeXBT available in the USA. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x. Below is an order page for a stop loss order on PrimeXBT. Let’s say you predict Bitcoin’s price is going down from around $60,000. This is why it is such an important criterion for us when we complete these reviews. Cardano’s Monumental Shift: Chang Hardfork and Plutus V3 Upgrade. I’m going to start off with a big spoiler right off the bat. To buy, you place an order on an exchange, where your order will be fulfilled at the market prices. Below is a step by step guide on how to enter a position with leverage on PrimeXBT. Excellent and consistent trading volume in the last 3 months with ocassional spikes and drops.

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In 2020, Cardano had another massive breakout with the rest of the Cryptocurrency industry. For BeInCrypto’s latest crypto market analysis, click here. If you’re trading Bitcoins through an exchange, you need to set up a secure storage method for your shiny new coins. Choosing one over the other is not an easy thing to do as they appear quite similar at first and both provide lots of features to the traders. However, when Coinbase launched, it was not the same exchange as it is now. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. All successfully activated promo codes, as well as account status discounts, will be reflected in the ‘Promo campaigns’ module. ETH and ERC 20 tokens COV, USDT, USDC require 10 block confirmations which usually takes around 4 minutes. These tutorials include. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. It appears to have a lot of the same functionality that you have on the desktop platform. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative.

Worse

This means that someone may have obtained your account’s credentials. However, the maximum leverage available may vary depending on the asset and trading pair. Comprehensive support and training, Global presence with a local feel, Uncompromising security, Advanced trading platforms. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled. The two levels are price barriers formed in the market to prevent the price action from making a significant uptrend or downtrend. On the other hand, PrimeXBT’s versatile platform, offering leverage up to 100x on crypto and up to 1000x on traditional assets, is appreciated by both novices and seasoned traders for its robust feature set. To fill out the box that displays, click on the pair that appears on the left. The current Spread for a particular order size can be checked at any time using the ‘Dashboard’ widget. If I have one criticism of this very rounded platform it would be in their fee structure. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. However, the fees for ETH, USDT, USDC, and COV withdrawals may vary depending on the network used. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. These include the ability to stake your tokens in return for passive income, to access yield farming and liquidity mining, which allow users to put idle tokens to work in return for APY Annual Percentage Yield. Vincent and the Grenadines. The car manufacturer received close to $950M in exchange. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term exchange. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. Here we will talk about their differences so you can decide which one is better for your needs. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. A major advantage of CFDs is that leverage and margin trading is available to traders and easy to use. Traders can take advantage of price movements in these cryptocurrencies to potentially profit from their trades. The company launched in 2018 and now has over 1 million users from more than 150 countries. In terms of fees, PrimeXBT is on the lower end of exchanges. Trading fees are a really important consideration as they can directly impact your profitability in the long run. Trading Bitcoin is a little bit more complex than just clicking the “buy” and “sell” buttons and below you will learn to trade cryptocurrency successfully. No individual shall be entitled to any payment or compensation from PrimeXBT should any account Bonus or corresponding profit be forfeited or reclaimed. Unlike futures contracts, for example, CFDs offer much higher leverage and lower trading costs, which benefits the trader. Before we begin, I’d like to say upfront that PrimeXBT is really not designed for beginner traders.

Claim Free NFT Certificate

To protect your account, please change your password at this link: and enable 2FA. We recommend using a unique Email+Password combination that you are not using for other services. Receive the latest news and stay informed. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Additionally, paid members may receive other trading tools and perks like advice on their portfolio selections and signals for other markets like Forex or Commodities. Bid price – the best price at which an asset can be SOLDAsk price – the best price at which an asset can be BOUGHT. Additional terms may apply to free offers. Feel confident with the most comprehensive software search resource out there.

Web3 Explorer

Returns or profits may be subject to capital gains tax. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. PrimeXBT awards prizes for virtual trading contests. 4️⃣ Select the payment method. Followers can get a glimpse at who is gaining traction or is a consistent success. This is the same with other tools that the company offers, as was covered in our PrimeXBT review. Any withdrawal requested after 12:00 UTC will be processed on the next day. Collect Bits, boost your Degree and gain actual rewards. Customer support is one of the most important features of any trading platform. Withdrawal fees also apply and are charged as a flat rate, regardless of the size of the withdrawal. That is because to a brand new crypto user who has never traded before, neither Bybit nor PrimeXBT would seem very user friendly at all. If you choose to short a stock, you need to borrow that stock to sell it to somebody else. PrimeXBT gives account holders access to a dedicated fee page. Investing in or trading gold or other metals can be risky and lead to a complete loss of capital. Currency assets are traded among themselves, with resources and metals. Along with the competitive element that allows you to test your wits against other traders, these contests are also a great way to trade risk free. However, crypto futures typically have shorter time frames, which may not suit traders who prefer longer term investment strategies. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Litecoin was also just added to PayPal alongside Bitcoin, Ethereum, and Bitcoin Cash, exposing the altcoin to 346 million mainstream users of the payment service. This is something that you can get in your account management page under the “referral” section. However, you can either increase or decrease the amount of cryptocurrency you are willing to trade at any point in time. Positions do not have a time limit and can remain open indefinitely, as long as available margin does not drop to 0%. However, its offerings extend far beyond the realm of digital currencies. To trade with margin, users must fund their margin account after making a deposit to begin trading. Clicking on this will take you to the main ratings board, ranking other accounts. To access the ‘Rewards’ sub section of your account, navigate to the ‘Hub’ section and select ‘Rewards’ sub section.