PrimeXBT Review Crypto Exchange + Fees + Coin List

Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. PrimeXBT offers multiple standout features, including the ability to go long or short and leverage of up to 1:100. We utilize Bitfury’s Crystal AML compliance software and blockchain monitoring toolset on all incoming transactions. These services ensure that traders can use the platform effectively while complying with local regulations. WOULD strongly advise not missing on them. So, how does this happen. Short selling is a perfect way to profit during a bearish phase in the market, as upwards swings are short and miniscule in comparison to the downwards facing ones. 45%, it shows an all time loss of 76. 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. McCaleb partnered with lawyer Joyce Kim to launch the project. No proof of residence, no selfies with your passport – just enter your email, choose a password and you can deposit, trade and withdraw. Enter the desired withdrawal address and confirm the address via an email confirmation link. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. On the other hand, there’s a flat 0.

Partnership Types

Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Our website uses cookies. Clients can withdraw their available funds at any time, but the withdrawal fee may vary depending on the payment method and currency. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. 7% as an economic slowdown would dampen demand for Silver. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. My deposit was credited after 20 network confirmations, which took a few minutes. Visit PrimeXBT Platform and get 35% on Your First Deposit. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. As the market moves against your position the trading platforms PrimeXBT offers will add margin to keep that single position or existing positions open. This is also called a lack of a trend. Forex, stock indices, commodities like gold and silver, and cryptocurrencies like Bitcoin and Ethereum are all frequent places to find CFDs. If you are looking for the most user friendly platforms that are incredibly beginner friendly, I would recommend taking a gander at our Kraken and Swissborg reviews. The order form also displays recent trades and order book data. For me onboarding at PrimeXBT was seamlss. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. You have to refer the platform to your friends and family and when they sign up at Primexbt, then you are awarded in cash for this. The platform supports over 500 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Litecoin. While direct phone support is unavailable, which could be beneficial for urgent issues, PrimeXBT compensates with other quick help options, like their Telegram bot connected to support staff. Currently, obtaining COV tokens at a reasonable price is challenging, as their purchase is exclusively possible through PrimeXBT web trading PancakeSwap, where availability is restricted. Claim $100 by depositing a minimum of $500 within your first 48 hours. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. This category of financial assets includes a diverse array of items traded in the market, including but not limited to gold, oil, and wheat. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg.

Copy trade

Another major benefit is that there is little initial capital required, normally just some type of margin deposit. Returns or profits may be subject to capital gains tax. Deposits are free, but there are withdrawal fees for cryptocurrencies. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income. None available at this time. Date of experience: September 05, 2024. Contests offer an ideal way to experience real market conditions and fine tune strategies without real money fears. Under the “My COV” tab, you can use Covesting tokens to access different membership plans on the platform. Both margin trading strategies have their pros and cons. Warning ⚡️: Trading leveraged futures products is incredibly risky. Convenient broker for trading crypto and forex pairs. Shibarium played a significant role in growing the utility of its ecosystem. Continuously review and refine your strategy based on market conditions and performance metrics. The Binance exchange is not at all accessible to US persons and US customers will have to use Binance US which is a much more limited version of its global parent site, with only 64 coins and 130 pairs. Its clear fees and wide range of tools make it a great choice for traders. This bonus is designed to attract new users and provide them with a risk free opportunity to experience the platform. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. Social media channels of PrimeXBT, such as Twitter and Facebook, are also good resources for catching announcements about special offers and events that might include promo codes. In accordance with our Terms and Conditions, certain products, services, or promotions may be restricted or unavailable in specific jurisdictions. Best regards,The PrimeXBT Team. 2️⃣ You’ll be taken to a new page where you can enter your email and set your password. From what we conclude that for the entire time of the project’s existence since 2018, it has not had any security problems. Please assume that all external links to third party services are affiliate links. Scan the QR code with your device’s camera and get APK file. Thus excluding any possible forecasts of Dogecoin reaching the $1 mark anytime in the near future. Discover effective trading strategies to enhance your trading skills and profitability. Entering either amount into the fields provided will automatically update the corresponding amount in the opposite currency.

How to use PrimeXBT from the USA?

Register and join our community with millions of traders from all around the world. 14 ETH/200, USDC or equivalent in BTC on your deposit. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. 32 to send USDT over the BEP20 network. 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. The platform’s robust security infrastructure ensures a safe trading environment for all users. One notable feature of PrimeXBT that is very advantageous to traders is that it doesn’t charge any fees on deposits or withdrawals.

Excellent

We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. The numbers in this chart are only illustrative and subject to change over timeRound turn commission. The file is verified secure by PrimeXBT. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. EToro is a cryptocurrency broker based in Israel that launched its service in and offers individuals to buy and sell more than 67 cryptocurrencies. Scan the QR code with your device’s camera and get APK file. It offers a wide variety of charts, indicators, and trading tools that help traders make well informed decisions. Optimize Space, Elevate Efficiency with Precision Racking. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. Open the downloaded file and tap Install to complete the installation.

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I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. In recent years, it has experienced substantial expansion and adoption. However, when you trade at PrimeXBT, you do not incur many of these fees as the markets that we offer highly liquid assets that are not based upon single stocks. That being said, it does make a certain amount of sense that Cardano will be one of the winners in the future, as it is peer reviewed and so widely followed. PrimeXBT has not been hacked and is generally considered a secure and trustworthy platform. Bybit is the clear winner as it has a lot more to offer when it comes to passive income products. The app also allows new users to sign up for a free account if just starting out. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. Seek independent advice if you have questions or do not fully understand the risks. PrimeXBT’s referral program is your gateway to effortless additional income. We’re glad to hear that your USDT transaction went through smoothly and that you’re satisfied with the availability of credit card deposits without additional fees. So, how does the security for PrimeXBT compare to Bybit security. Now that the Decun update has been committed, it seems that it has resulted in Ether climbing from last month’s $3,339 to $3,633. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. But, they don’t have live chat support right now. Next, we will explore the user demographics of PrimeXBT. Compensation Fund per user. On Bybit you can trade Bitcoin, Ethereum, EOS and Ripple, each in the form of CFDs, against the US Dollar. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. By copying a strategy, every trade from the manager’s portfolio is mirrored proportionally, based on the amount allocated. This means that user funds cannot be sent to a rogue address in the instance where an account is breached.

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Trading hours may be affected during the holiday period. 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. Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Below are some examples of other fees that might be encountered. Com, we’re thrilled to offer an in depth look at the leading platforms in this ever changing field. Always ensure to carry out due diligence. I was like, its over dudes, need to short. During uptrends, traders and investors become bullish and price moves sharply higher. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. PrimeXBT is an acceptable choice for day traders. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. The team conducts periodical stress tests and security audits to ensure compliance with the strictest security standards in the industry. Another thing to consider while trading is protecting the positions with “take profit” and stop loss” orders. The order form also displays recent trades and order book data. A winning strategy allows you to know when to enter and exit positions. Through these third parties, customers can buy BTC, ETH, USDT and USDC. 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. I tested both versions and found that they offered a smooth trading experience without any significant compromises. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. What truly sets PrimeXBT apart is its user friendly approach to KYC requirements and transparent fee structure. On top of that if you are working with crypto exchange,, then it’s probably impossible to trade currencies as well. Governance – As the native token of Polygon, POL ex MATIC grants its holders governance rights. And all of this is fuelled by the network’s native token – to the joy of ADA holders worldwide.

Disclaimer

Information regarding past performance is not a reliable indicator of future performance. The file is verified secure by PrimeXBT. Understanding the reasons behind transaction delays can help you mitigate them. You can find a full breakdown of their fees on the PrimeXBT fees page. Trading contests are becoming very popular as skilled traders can compete for extra cash and prizes. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The potential behind the technology is as promising as their ability to generate profits for investors and traders. According to recent data, the US economy is solid, as noted by Federal Reserve chair Jerome Powell, and interest rates are expected to fall, albeit at a slower pace. A withdrawal requested before 12:00 UTC will be processed on the same day. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Brand operating since. The fund will only be used for a judgment that has been issued by the Financial Commission. Get hand selected news and info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits. Please remember to manage your risk carefully, and if you need any assistance or have questions about our tools and features, feel free to reach out to us at. These fees are charged daily and can accumulate quickly if positions are held for an extended period. PrimeXBT, on the other hand, charges overnight funding fees for holding leveraged positions. Returns or profits may be subject to capital gains tax. For example, ADVFN recently named PrimeXBT as ‘Best Cryptocurrency Broker 2024’ and wrote up their rebrand. The XRP Ledger’s consensus mechanism consumes far less energy than proof of work systems, making it an environmentally friendly option in the cryptocurrency space.

Diego Sanchez

This makes it a versatile choice for traders seeking diverse opportunities. Currently, I am very satisfied with my experience with Prime XBT. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. The PrimeXBT team has also made bold claims about their copy trading feature. This is particularly useful for novice traders or those who prefer a more hands off approach while still actively engaging in trading markets. The bonus funds are available for two weeks after activation, and can be used as additional collateral to open positions. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Monero in the DeFi Space: Is Privacy a Viable Solution for Decentralized Finance. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. The promotion is only available for the new client.

Important Notice

By providing additional personal information and documents as per PrimeXBT’s Know Your Customer KYC policies, you can request higher withdrawal limits. This amount is required to create a strategy, and they will be temporarily blocked until trading on the strategy is completed and the strategy itself is closed. 01% for makers and 0. The fixed leverage is high for me, so it’s difficult sometimes to avoid significant losses. For those of you who are going to be away from your desk, you will be happy to know that PrimeXBT also has a couple of mobile apps, PrimeXBT and PrimeXBT Futures Pro for more advanced trading. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. When you trade CFDs, you’re betting on price changes from when you open to close a contract. 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. This website is owned by PrimeXBT PTY LTD. Returns may be subject to tax. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. Thanks again for your trust and for choosing PrimeXBT. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. One of the clearest indications towards an illegitimate service is a scam that has happened within the company’s history. After submitting your registration details, you will receive a confirmation email. Remember, always trade responsibly and make sure you understand the risks involved. 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. We’re here to support your trading needs and ensure you continue to have a great experience with us. To understand this, you’ll need to know the basics of trading on PrimeXBT, which you’ll learn in the following rapid fire Trading guide. This is why many different exchange platforms offer it to their communities, and why there are several exchanges that exist solely to work with futures.

Currency:

Please reach out to. In my days of day trading traditional and crypto assets, I have witnessed too many shady forex, stock, and crypto exchanges disappear with everyone’s money or go bust, so I only trust the top regulated and reputable exchanges, and of course, DEXes. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. Box CB 13012, Nassau, The Bahamas. If the app is unavailable in your region, you can still access it through direct download from our site. The exact opposite is true as well because people were not willing to buy Bitcoin, Ethereum, Solana, and others; they are most certainly not going to be ready to buy Shiba Inu. Traders focus on the big picture, looking for opportunities to capitalise on long term trends in the market. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. So, how does the security for PrimeXBT compare to Bybit security. The Copy Trading module puts copiers and Strategy Providers in the same arena, allowing users to copy the trades of any Strategy ranked on the fully transparent leaderboards. Scan this code to download app. So is Jacob Crypto Bury a free or paid trading signals provider. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. By doing your own due diligence, or even your own analysis, leveraging the collective knowledge available to you in the same groups your receive your signals from. Let’s explore margin trading with an example. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. Once you find profitable strategies that suit your needs and risk tolerance, you can automatically copy their trading activity onto your own account with Covesting. Rewards Centre Terms and Conditions. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Our website uses cookies. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. The broker publishes regular market news, weekly outlooks, and general market breakdowns.

AI AGENT

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. Reply from PrimeXBT Copy Trading. 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. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. During my PrimeXBT review, traders were offered a well structured reward program worth $5,000+ for achieving trading milestones. While the CCL concentrates on executing smart contracts and supporting decentralized applications, the CSL manages transaction settlement and the cryptocurrency Ada. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. I can’t say enough about PrimeXBT’s support team. 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. These are professionally done and well presented. These figures reduce when the trading volume increase. Dogecoin’s code is based on another Cryptocurrency, Luckycoin. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. It is possible to make a lot of money Day trading, and it is possible to become really good at it, but it takes a bit of work to get going and to become highly successful. It is offered as a “fixed tradable bonus,” which means the bonus cannot be withdrawn, but it can be used to open positions. No incidents reported. Top paid and free alternatives to PrimeXBT includes Binance, Chipper Cash, Pocket Option, Coinbase, KuCoin, PAYEER, CEX. These products are not suitable for all investors. Returns may be subject to tax. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Dear Zombos,Thank you for bringing this issue to our attention. Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter. Fees are generally fixed per transaction to cover the network fees associated with blockchain transactions. Registered Address: Tower Financial Centre, 12th Floor, 50th Street and Corner of Elvira, Panama City, Panama.