PrimeXBT Review 2025: Complete Exchange Overview

Although PrimeXBT does not require KYC for basic trading, it offers additional features for verified users, such as higher withdrawal limits. In rare cases it may take up to 24 hours to process your withdrawal. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Daytrading futures, forex, stocks, etc. In the next section of PrimeXBT deposit this PrimeXBT review, we will look at the key features of the platform. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. You can do that at PrimeXBT quite easily and with a very modern and robust platform. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist. In the sections that follow, we will explore each type of fee in detail, providing examples and strategies for managing these costs.

About us

” – CryptoEnthusiast123. 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. This event, which takes place every four or so years in the case of Bitcoin, is a mechanism that is intended to make the cryptocurrency anti inflationary. Scan this code to download app. Once bought, tokens swiftly land in your personal wallet for safekeeping. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Our website uses cookies. Tailor the platform and your offering to meet your clients’ trading experience with advanced platform customization. This in turn should dramatically increases utility and demand for the ADA coin for use in these financial applications. A limit order is an order to enter a position at a specific price called the limit price. Risk Disclaimer:Cryptoasset investing is highly volatile and unregulated in some EU countries. Stay tuned to PrimeXBT’s social media channels to catch the latest bonus offers. Returns may be subject to tax. You can customize the calendar to see only the most important fundamental news with the greatest potential impact on the market. When funding your PrimeXBT account, you may encounter deposit fees, depending on the payment method you choose. Our clients love how fast and simple our sign up is. The platform provides a variety of free deposit options for both crypto and fiat. This guide will help you take your first steps towards investing in Ethereum using PrimeXBT. New to trading or don’t have time. Only for verified users. The support service in PrimeXBT is built quite thoughtfully. Due to Summer bank holidays in the UK, market hours will change temporarily from August 23rd until August 27th, 2024. This means it’s almost impossible to know who the true owner of the company is. Moreover, users can conveniently transact in US dollars. I moved to PrimeXBT because of the good reviews I found here. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. To start interacting with PrimeXBT, you need to open an account on the exchange. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure.

Trade your favourite marketsTrade your favourite markets

PrimeXBT uses TradingView charts, providing users with advanced and interactive charting tools for technical analysis across various markets. I may have to take things to a different platform if this applies to when I actually trade the size I want to. It has a user friendly interface that makes trading smooth and easy. Additionally, withdrawals to a bank card come with a hefty 5% fee. If you are having trouble with anything Best Crypto Signals also offers online support. Donetsk People’s Republic. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. In addition, Fiat wallets allow users to deposit, withdraw, and transfer Fiat currencies. As mentioned, PrimeXBT offers various leverage ratios for crypto pairs and forex pairs. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. It also depends very much on your risk tolerance, goals, and investment time horizon. Online, Monoreto, Attic Lab etc. See more about trading fees. You must be logged in to post a comment. 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. USDT also plays a pivotal role in global transactions and decentralised finance DeFi applications. 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. Copy trading on PrimeXBT also lets traders profit passively from other trader’s strategies by copying top Strategy Providers from across the globe. Plamen’s favourite trading instruments include FX majors and gold. PrimeXBT’s trading platform usability is another reason to pick this platform. Changelly is highly optimistic with its Polygon prediction. Depending on the trading strategy, they may become the most significant fee per trade. Ya, Aplikasi PrimeXBT menggunakan langkah keselamatan canggih, termasuk pengesahan dua faktor 2FA dan penyulitan, untuk memastikan keselamatan data dan dana anda. In short selling, if the market rises, it is the short seller who loses. As the below chart demonstrates, HODLing through a bear market can be extremely detrimental. Dear Caetano,Thank you for sharing your experience. 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.

Bitcoin Cash Price Predictions by Experts

Plamen’s favourite trading instruments include FX majors and gold. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. It is also imperative to stay informed about the network’s dynamics and changes in protocol. This is the main attraction of the margin account, the ability to make massive gains with very little in the way of capital deposited. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This same community is a great source for new and experienced traders. However, when I tried to log into my account from my new place. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. The benefit to the Crypto signal providers, is that they either get followers that they can market their paid signals to, or they are affiliated with a broker that they can recommend to the people using their free Crypto signals. Technopedia also seems to follow Coinpedia’s prediction with a positive outlook, reaching $2. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. You can place orders, monitor markets, and trade effortlessly. The platform also suggests creating multiple accounts for various strategies and practicing with a demo trading account. Switching markets and searching trading pairs on PrimeXBT is straightforward. It is a good thing that OPEC is looking to control the market for oil, as it is a finite resource and left unregulated, would be used up in an unsustainable way. I always recommend that traders check regulations and verify them with the regulator by double checking the provided license with their database. These additional protective barriers diminish the risk of complete account wipeouts. Here we’ll list the most important steps in trading Bitcoin. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. Understanding these can help you select the most suitable option for your needs. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. PrimeXBT is one of the leading Bitcoin trading platforms. PrimeXBT offers extensive support and resources to help users make the most of the mobile app. This means that traders only need to put down 1% or 0. PrimeXBT has one of the simplest fee structures among trading platforms. It also provides a breakdown of individual crypto and US dollar balances. PrimeXBT is committed to adhering to international regulations and implementing measures to ensure compliance with legal standards in the jurisdictions where it operates.

Step 5 Set Your Stops and Limits

In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. The ability to securely deposit funds, withdraw profits, or access 24/7 multilingual customer support via live chat is an additional convenience. But there is nothing I can do to get my money back from 2 months of trading. Returns or profits may be subject to capital gains tax. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Here you can find additional information on how to trade futures products. Reply from PrimeXBT Copy Trading. As the crypto market moves between the four phases, traders decide to open, close or hold their positions. Best regards,The PrimeXBT Team. Readers should do their own research. Thanks again for choosing PrimeXBT. You can calculate how much interest you’ll pay or earn when keeping a position open overnight by using the formulas below. The reviewers also mention an active and encouraging community, which is a highlight especially for new Crypto traders, but a valuable benefit for experienced traders as well.

EToro Cites “Risk Management Considerations” Behind The Philippines Exit

PrimeXBT Instruments: My Key Takeaways. We are very happy to announce that Matthew Hayward will be stepping in as our new Senior Market Analyst and. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. Kabul Et ve LinkedIn’e Katıl. In the next section, we will discuss the different leverage options available on PrimeXBT and how to choose the right leverage for your trading strategy. Want to profit from falling prices in ETH. I actually timed it correctly and got out of two long positions as it dropped. The biggest strength for PrimeXBT is that it offers multiple different asset classes for traders with deep liquidity and a high performance trading/matching engine for a flawless trading experience. Let’s say you purchase $10,000 worth of securities using a margin account. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. 05% trading fee for Crypto CFDs. The benefits will be applied to your account immediately. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test.

Coin Search

Discounts vary by member level, so check your account for personalized offers. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. You then decide on what size of a position you are taking on, by adjusting the “amount” on the box. Furthermore, it allows the profitability to be expanded, beyond what would normally be possible in a standard cash account. Contracts for difference CFDs are derivatives that speculate on the underlying asset’s price without physical ownership. Much like XRP reached first the 1. This essentially means that the more you trade over a 30 day period, the lower your fees will be. While it offers the allure of magnified profits, it also comes with amplified risks. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The broker does not charge dormant accounts with an inactivity fee. To claim your PrimeXBT bonus of 35% on your Bitcoin deposit, just follow these steps. An economy that exports gold at $1500 an ounce would have an export price index of $1500, regardless of the amount. These products are not suitable for all investors. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. I want to laeve my PrimeXBT review here. Robinson studied economics at Georgetown University and graduated with honors, attaining a Bachelor of Science in Finance and Management. Yes, you can perform Live Trading through mobile apps, allowing you to trade from anywhere at any time. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. After entering the code, select your country of residence from the drop down list. Yet, this is often compromised by Know Your Customer KYC regulations on many cryptocurrency exchanges.

BYDFI Perpetual Futures

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. TradeOgre values user privacy and does not have KYC processes in place. You can open a cryptocurrency exchange account the same way as opening any brokerage account. That’s why, in addition to MT5, we also offer our own PrimeXBT WebTrader and App. 2 of PrimeXBT’s Terms and Conditions. What about education at PrimeXBT. But markets are always moving and orders sometimes begin to fill during large price movements. There’s no minimum deposit, and for fiat currencies, deposits start at $10 via AdvCash. Pearce currently serves as the Chief Executive Officer of Norbrook Equity Partners Limited. PrimeXBT Demo Account. Being a full time trader means you can not only make an income trading but also make enough money to reinvest, trading requires reinvesting a percentage of your winnings into your portfolio. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. The material covers everything from beginner concepts to advanced pro strategies. The tax rate depends on your overall income and the asset’s holding period. Using the provided tools and prompts, upload a photo, scan, or screenshot of your government issued photo ID, Driver’s License, or Passport to complete the identity verification process. You must be logged in to post a comment. Overall trading strategy: your leverage selection should complement your overall trading strategy. The potential for high returns makes it an attractive option, but it’s crucial to understand the risks involved. Choose your currencies and amount below, and click ‘Calculate’. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. EASIEST money of my career, pretty much. 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. Typically, concerns about the interest you pay on a margin loan are something that people worry about over the time span of months, not minutes, hours, or even days. A stop loss order is a risk management tool and added protection traders can apply to any long or short position. Overnight financing fees are calculated as a percentage of the position size and vary by asset. PrimeXBT is a common name amongst online traders and our team of experts has been tasked with figuring out why.

Trading platforms Comparison with competitors

” From a technical analyst point of view, Stellar is more likely to be higher in value than it is right now. Returns may be subject to tax. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. Looking beyond 2024, there is bound to be some real movements in the stock markets as volatility is increasing. Between these two, if you aren’t interested in trading multiple asset classes on one platform, then Bybit is head and shoulders above PrimeXBT. Scan this code to download app. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. The verification process involves several key steps, each of which plays a vital role in securing the transaction. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. 32 to send USDT over the BEP20 network. The funding rate really only applies if a position is being held over the specific timestamp. It is also a peer reviewed blockchain with heavy academic input. When using live chat, I usually received a response within 2 minutes. PrimeXBT is a South African broker that has been operational since 2018, catering to 1M+ clients focused on Forex and cryptocurrencies. PrimeXBT has published over 350 educational articles on its website, which are free to access. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Bybit has considerably lower fees than many exchanges in the space, but slightly higher than the low cost leaders comprised of Binance, OKX, and KuCoin. Switching markets and searching trading pairs on PrimeXBT is straightforward. The Earn platform on Bybit is a great place to help users grow their crypto holdings in an easy and secure manner.

Country:

For instructions on how to place orders click here. When using live chat, I usually received a response within 2 minutes. Happy trading, and thank you for choosing us. Get a unique referral link. Comments: PrimeXBT is one of the best crypto exchanges I have ever worked on. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Any XLM forecast will have to begin with an understanding of the coin’s history. Opening a trading account typically requires some personal information, such as a full name, email address, personal address, and much more. There are many ways that you can short Bitcoin. They offer a wide range of assets to trade and very quick trades. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. 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.

Worse

So for now, we are watching this $0. At PrimeXBT, we cater to diverse user needs with multiple deposit methods. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. If we did, we’d go back to 2013 and buy all the Ethereum at just $0. Do not link any content to this sub or beg votes or comments. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. 2024 00343, having its registered office address at PKF Corporate Services Ltd. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. The year 2020 proved to be uneventful for LTC, leaving investors wondering if the digital asset would increase in value, how high it could go, and if it would ever reach the $1000 mark. Established in 2018, PrimeXBT has rapidly grown into a prominent trading platform, offering access to over 110 trading assets. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze. The provider of crypto signals prefers a quality over quantity approach and thus focuses on more reliable and repeatable but maybe less profitable signals per week. Candlesticks will show the performance of an asset within a given timeframe, and the pattern will change depending on the selected duration. Deposit and Withdrawal. What is the future for XLM. We’ll put it to the test, with verification successful while waiting for the outcome. With 2FA enabled, every time you log in or make significant changes to your account, you will be prompted to enter a code from your 2FA app. We can’t guarantee that a Margin Call will be delivered shortly after your margin drops below the required minimum, or prior to Liquidation. Phone: +30 22410 39940. However, all of these completely depend on your country that you are living in.

Worse

Here is a look at the margin requirements for some of the 51 forex pairs available. Additionally, Bybit has a conversion method for users of Fiat currency and credit cards, making it even more accessible. PrimeXBT supports multi asset accounts where clients can buy or deposit, trade, and earn in their choice of Crypto and fiat currency options, including BTC, ETH, USDT, USDC, and USD. Start investing with just $100 and experience secure, automated transactions tailored to your financial goals. 1389% based on the type of trade. I also like that they have 24/7 Customer Support and their chat agents are very knowledgeable and very friendly. The trading interface on Bybit is quite standard in comparison to what you will find on many of the top tier exchanges as it has proven to provide a great trading experience with loads of functionality. Strategy followers can replicate the profits generated by strategy providers, who can, in turn, earn up to 20% in subscriber commissions. Brokers operate multiple entities globally, but regulatory protections vary. «Users are not required to go through identity verification, allowing them to create accounts and begin trading almost instantly. 🔍 Reddit: Post questions and join discussions. Please contact us at. This knowledge enables them to make better decisions, ensuring that their trading strategies are not only effective but also cost efficient. CFDs on PrimeXBT range from Bitcoin and Ethereum to stock indices, forex, commodities, and more. Please read our risk warning here. If you ever have any questions or need assistance, feel free to reach out to. If you need access to more trading pairs, then you should look elsewhere. The layout has a high degree of customization and multiple order types to support the trading of the hundreds of different markets available on the platform. The lows was near the $0. Alternatively, if you’re looking for more support and convenience, a CEX may better suit your needs. PrimeXBT offers a wide selection of digital assets, including popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. 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. As mentioned above cross margin is a very different tool than isolated margin trading. Share your link on social media and elsewhere on the internet. PrimeXBT’s trading platform has a pleasant and intuitive design and features basic tools like one click trading and alarm setting options. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. We understand it can be a demanding endeavor, requiring significant time and energy. Ending Date: December 31, 2020. It’s great that our integration with Binance Pay adds to your experience, reinforcing our commitment to providing a crypto focused trading environment.