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Whenever the price of Bitcoin rises or falls, the majority of the broader market, including Litecoin, tends to mimic the price movement. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. The failure of a price to surpass such levels further shows that traders can make decisions out of emotions. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. CFD stands for contract for difference. Most signals Crypto Inner Circle offers have multiple price targets, giving crypto traders even more control over risk management and market exposure. PrimeXBT also supports both fiat and crypto withdrawals. Now let’s swing over to the PrimeXBT trading interface. Select Accept to consent or Reject to decline non essential cookies for this use. In the next section, we will discuss the importance of continuous learning and how to improve your trading skills over time. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Have you tried the latest version of our application. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. Are you planning short term swing trades or long term investments. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Some of the top tips to use when trading Litecoin include the following. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. This correction will continue in 2028, witnessing a decrease in prices. The cryptocurrency market is still new and buzzing.

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Step by Step Guide to Deposit Funds into PrimeXBT

PrimeXBT and Bybit have distinct fee models that cater to different trading activities. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Unlimited for verified users. In terms of supported cryptocurrencies, PrimeXBT’s repository is quite small and may not be a favourable option for some investors. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. He has a diverse portfolio, having supported companies like Casino Tops Online, Sweep Stakes Casino, PayGamble, Odds Scanner US, and Sambafoot UK, demonstrating his proficiency in the iGaming sector. PrimeXBT places a high emphasis on security. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. Back then, it was traded for illegal goods, while today, the asset is traded for real dollars and other altcoins back and forth for a profit.

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How to trade at PrimeXBT Step by step

Unfortunately, not all crypto exchanges are safe or reliable. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Given that the platform has operated without controversy since its launch in 2018, it may come as a surprise that the company or exchange isn’t regulated or licensed, operating out of the relatively lax Seychelles. This occurs when you place an order and the price that you get is nowhere near your desired entry point. You can update your choices at any time in your settings. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. The most trusted, regulated, institutional grade crypto trading platform on the market. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Is your question not answered here. Dear Jaime,We’re delighted to hear that you find trading on PrimeXBT worthwhile and user friendly, especially as a newcomer to the industry. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. Prime Technology Ltd is PrimeXBT’s Technology Provider. Appeals to unban users will not be granted. In the event of system overloads, PrimeXBT’s trading engine efficiently manages order queues to mitigate the impact of high volatility. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. While Paxful is a peer to peer platform other platforms allow traders to quickly buy Bitcoins. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. There are the following fees in the Crypto market. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. But, for withdrawals, it charges a flat fee of 0. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. After a specific sequence of candle closes are met, the indicator will give a count down to a 9 or 13 buy or sell “setup. The Chainlink protocol will respond by creating a Service Level Agreement, or SLA, consisting of three separate contracts. The price depends on many variables, whether economic, regulatory or technological, that can’t be anticipated years in advance. 0017% on Silver to 0.

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With price charts tooling by PrimeXBT, users do not have to access third party apps to check the price performance of their assets of interest. No incidents reported. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Trading in the stock market using either particular companies or ETFs is a possible way to benefit from the movement of commodities. PrimeXBT Sign Up Bonus does not offer a sign up bonus for first time sign ups or beginner traders, but a deposit bonus of 7% is offered. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. You can read about our cookies and privacy settings in detail on our Privacy Policy Page. While this exchange won’t be for everyone as you’ll need a firm understanding of leverage and risk before you start playing around with contracts, it’s an excellent option for those looking for more advanced investment opportunities as many services like these are often restricted in countries like the US, UK, Canada and Australia. CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500. CFD markets are backed by massive pools of liquidity. Can’t find what you’re looking for. Date of experience: July 01, 2024.

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Overview of the PrimeXBT Affiliate Program

Looking for alternatives or competitors to PrimeXBT. PrimeXBT has never suffered a hack or security breach during its operational history. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Receive the latest news and stay informed. Additionally, you cannot set stop losses and take profits directly from the order form. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. The required margin can be as low as 1% for a 100:1 leverage ratio. That said, just as much, if not more money, has been shorting Dogecoin since then. It also offers 1:1000 leverage for trading Forex, Indices, and Commodities. Binance also offers a more extensive web and ecosystem of products, support, and liquidity, especially given its larger daily volume as compared to PrimeXBT. The platform also has a welcome bonus of $100 for users who deposit $500, within 48 hours of registering. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. These products are not suitable for all investors. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. The PrimeXBT affiliate program offers single tier commissions, which means the affiliates earn commissions only on sales they generate. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. There are also other less tangible so called “soft announcements”, such as the University of Michigan Consumer Sentiment, which measures how the US population “feels” about the economy. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. All reviews, either positive or negative, are accepted as long as they’re honest. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Holders of these digital assets usually purchase their cryptos via crypto exchanges with FIAT currency or by exchanging them for other cryptocurrencies. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. It helps prevent fraud and protect users. We couldn’t find anything matching your search.

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Desktop Version

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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Mikhail Nikolaev ist als technischer Redakteur bei PrimeXBT tätig. I then ventured into forex pairs and commodity trading. Understanding these aspects is crucial for navigating PrimeXBT effectively and optimizing your short selling strategy. PrimeXBT released 14 versions of its interface in various languages: from English to Bahasa, from Russian to Vietnamese. PrimeXBT’s copy trading features are an ideal solution for traders seeking to improve their trading outcomes without diving into the complexities of market analysis. How PrimeXBT defines the term is confusing at best misleading at worst. The default should be 5 minutes, but you may also choose 1 or 15, and even 30. Switching markets and searching trading pairs on PrimeXBT is straightforward. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Simple click the Deposit button on the homepage to get started, select your method of deposit, and follow the instructions to fund your account—ensuring along the way that you choose Wallet from the deposit location dropdown box this is where we’ll fund the futures account from. Date of experience: April 20, 2024. Primexbt has a referral program that is available on the platform since it first started operations. The trader uses stop loss orders to automatically exit the position if the price falls below a predetermined threshold, limiting potential losses. This is PrimeXBT’s biggest weakness. With 11 active days, this Strategy has attracted 4 Followers and a total equity of 0. All of these are a prerequisite for success and that is why our prediction model sees Aave rising up to $481. Most brokers will allow the cancellation of orders, even after hours. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Overall, I rank PrimeXBT in the middle of the pack. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. Tailored to accommodate both newcomers and experienced traders, the platform integrates advanced trading options like margin trading and leveraged positions, enabling users to trade effectively in both rising and falling markets. We have listed the best USD 10’000 Welcome Bonus Brokers 2024. It could be viewed as a measure of trust; the accounts with more equity allocated could indicate that people respect their actions so much that they are willing to attribute such a large amount to them collectively. To do that, go to the “Account Summary” page and click on “fund trading account. Traders can access leverage of up to 1:1000 and trade on the platform of their choice. You can also sort markets by name and 24 hour change. When assessing the security of MEXC and PrimeXBT, it’s crucial for you to consider the various measures each platform implements to safeguard your funds and personal information.

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The price of Polkadot increased by 19. If this is something that you would like to get involved with then you will need to get your referral code. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. 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. There are two types of advertising services on the website — direct advertising or partner broker participation programs. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Thank you for your feedback and for trading with PrimeXBT. You can deposit Crypto including Bitcoin BTC, Ethereum ETH, Tether USDT and USD Coin USDC. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. PrimeXBT does not currently hold a license with a reputable regulatory agency.

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Trading Conditions

PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. 20 x 60 = $ 1200 profit. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 0005 BTC while ETH is charged 0. Privacy practices may vary, for example, based on the features you use or your age. This has to do with ensuring that the price on a trading platform keeps anchored to the global spot price. Readers should exercise due diligence before participating. CoinCodex is a cryptocurrency data website that tracks 35610 cryptocurrencies trading on 234 exchanges and provides live crypto prices. See our full PrimeXBT review for the list of restricted countries. 6 on the Google and Apple Play Stores, respectively. 📹 YouTube: Subscribe for video updates. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue.

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To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. 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. I read their arreally helped me to shed light on an area/ of trading i never took seriously, I like to appreciate the valuable content the broker shares. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. For instance, the platform is available in 14 languages, including English, Spanish, Russian, Chinese, and Arabic, with plans to extend the list to others in the future. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. So I can trade everything on the one trading platform. There have been a lot of myths related to the cryptocurrency sector, but most of these myths are unfounded. All website traffic is encrypted with secure sockets layer SSL encryptions and account passwords are cryptographically hashed, making them unreadable if the website is infiltrated. 001 BTC and can get you a maximum bonus amount of 1 BTC. PrimeXBT offers leveraged trading of up to 100x on some assets. I read their arreally helped me to shed light on an area/ of trading i never took seriously, I like to appreciate the valuable content the broker shares. For USDT, USDC and COV deposits are available. Launched in 2018, it has quickly grown to serve clients in over 150 countries, providing them with access to top tier liquidity and a variety of trading tools designed to cater both novice and experienced traders. Date of experience: August 20, 2024. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. These products are not suitable for all investors. Finally, PrimeXBT also runs a pretty unique medium blog. Whether you want to trade Bitcoin on leverage, profit from falling prices on Ethereum, or trade on stock indices, commodities, or forex – PrimeXBT has got you covered. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. When you short you bet on the price going down and if it goes up you lose money on paper. Related: MEXC Review 2023: How Safe and Legit is MEXC. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms.

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As an example, if you choose to short a currency, you need to borrow it to sell it to someone else. It serves clients in over 150 countries and has over 100 trading assets available. We appreciate your note regarding the current limitation of Bitcoin deposits only and will consider this for future improvements. They have great support in the form of video tutorials and once you get over the gloss and colour of the graphics on the trading pages there is a lot of good information to be had. Position trading is a long term strategy that involves holding assets for months or even years, based on fundamental analysis. With this information, you will learn the best time to enter a position and the best time to exit a position. 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. A deposit bonus of 7% on deposit, up to $7,000. The service was i get hare it was very bad. Gold is an established and mature market for investable assets. CoinEx offers a huge range of investments and products, with more than 600 cryptocurrencies available for spot trading, margin trading, and futures trading. 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. Once bought, tokens swiftly land in your personal wallet for safekeeping. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. In fact, this is a separate platform solution that lists the strategies of traders who are willing to share them. At the same time, they use margin from the account to buy the other 100 shares, borrowing $6,000 from their broker. A project’s marketing is usually developed with time. PrimeXBT’s platform provides access to real time market data and news updates to help traders make informed decisions. He has contributed as a. 272 Fib extension once again would result in a high price of over $200 per XRP. 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 allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. The trading platform itself offers quite a number of advanced features and innovative trading tools that would appease even the pickiest of the technical traders out there. No matter the situation, at PrimeXBT, we remain fully committed in our compliance with and adherence to all global AML rules and regulations, now and into the future.

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It sold us the idea that trading is easy after all. Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. PrimeXBT offers exciting rewards and bonuses to its users, just for completing tasks. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. Unlike in the traditional fiat system, cryptocurrencies are decentralised. You can click on any name to see more stats about their profile. Share it online or with friends. PrimeXBT offers varying leverage levels depending on the asset class, with up to 100x leverage available for cryptocurrencies. This strategy enables it to provide over 100 trading assets, 40+ crypto pairs, Forex, and commodity assets. PrimeXBT offers brokerage services to traders looking to take advantage of the financial markets using the forex, cryptocurrency, indices, and commodities asset classes. In the next section of this PrimeXBT review, we will look at the key features of the platform. It is a physical asset so it is able to be stored and kept by individuals. PrimeXBT supports trading Crypto, Forex, Commodities CFDs, and Indices CFDs. We use cookies to personalize content provided by analytic and advertisement partners to offer you the best service experience. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Mikhail Vnuchkov joined Traders Union as an author in 2020. ➡️Add third party platform support like MetaTrader 4 and 5 to accommodate traders using this software. Vimeo and Youtube video embeds. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. Trend reports are an illustrative report depicting transaction trends via easy to digest data and helpful charts. Musk is a bit litigious. Trading cryptocurrencies with leverage has become increasingly popular in recent years.

Important Notice

Prime XBT does not provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned. Via the Fees and Conditions page, users can view trading fees across the Global Markets, Crypto Futures, and Copy Trading products. Over the last few years,. These are hosted on AWS web servers which are known to be one of the best in the industry. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Overall, a well informed and diversified approach, coupled with active participation in the governance process, forms a robust strategy for mitigating risks when staking on the Polkadot network. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. This feature is appealing to users who prioritize privacy and wish to trade anonymously. I’m satisfied with that.

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These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. Receive the latest news and stay informed. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Volet deposits are free, while Perfect Money charges a 1. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. © 2024 Nutty Scientists Santa Clara County 20830 Stevens Creek Blvd, Cupertino, CA 95014 650 383 7336. Our website uses cookies. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. The exchange platform i. 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. We agree that it offers great potential but should be used with caution due to the risks involved. In fact, its competitive commission rate of 50% profit share can ensure your high earning potential. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Date of experience: April 29, 2024. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.