Top 10 PrimeXBT Alternatives and Competitors

In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Open the downloaded file and tap Install to complete the installation. Wharton Fellowship, the Executive Leadership Council award as well as the Shils Zeidman Entrepreneurial Fellowship at Wharton. A token burn lowered overall supply, which will improve the success in the future. Compare Other Crypto Exchanges. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. I conducted a series of tests and assessed that PrimeXBT provides very high quality support. I can now make profitable trades without doing a lot of market analysis thanks to copy trading. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. This innovative step could enhance Bitcoin’s functionality, and make it more present in the DeFi space. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Go to Settings > Security and enable Install from Unknown Sources if prompted. These products are not suitable for all investors. Elon musk’s tweets are especially powerful influence, which have the power to cause a bull run in the meme token at will. You can build out your own workspaces that you can access at the top of the platform. Reply from PrimeXBT Copy Trading. Our cookie policy and our terms and condition is accepted by using the website. Users can open accounts, deposit crypto, and start trading with just an email address. Immerse yourself into crypto trading on PrimeXBT with access to popular digital assets. PrimeXBT offers an award winning crypto futures platform that supports copy trading. These services ensure that traders can use the platform effectively while complying with local regulations. To register on the PrimeXBT website, you need an email address and a password.

Processing Times

Most Forex trading is deposit methods on PrimeXBT done between major institutions and central banks. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. PrimeXBT offers wide range of assets to trade with leverage straight from your BTC settled account. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. BNB Smart Chain network BSC for BEP 20 tokens. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. XRP/BTC: Ripple / Bitcoin. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy.

PrimeXBT Review

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. By trading a futures contract, traders can control a larger position size than their initial investment, amplifying potential returns. Remember, each promo code has its own rules and conditions, so be sure to review these before activation. PrimeXBT provides 24/7 customer support via live chat and email. New users can also get up to $50k in sign up bonuses when they sign up using our Coin Bureau link. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. For example, the minimum for Bitcoin is 0. Additionally, you need to check the regional restrictions if you decide to use this platform based the professional knowledge and experience. Anyone can view, post, and comment to this community. This article will guide you through the process step by step, ensuring that you can start trading without any hassle. The platform’s benefits can be maximized by those who are well versed in the world of trading and aware of the risks involved, especially when using leverage. It’s important to understand the inherent risks associated with leveraged tokens before using them, as they can be complex instruments. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Our ratings and reports do not contain any paid placements. Deposits are free, but there are withdrawal fees for cryptocurrencies. This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. 8 different Crypto Futures Contracts are available to trade with long and short positions around the clock via Perpetual Swaps, which have been separated from the traditional margin trading section of the platform. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Digital Coin Price is bullish on Bitcoin Cash over the next several years.

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Passive income on PrimeXBT

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Law enforcement as the North Korean state sponsored Lazarus Group used phishing emails to gain access to five of nine Ronin chain validators. 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. In the Bitcoin daily price chart below, a long signal is issued by the RSI indicator when the indicator falls below 30 on the RSI. As a cryptocurrency trader in the United States, you may have come across PrimeXBT, a global trading platform that offers a wide range of trading opportunities, including cryptocurrencies, commodities, and indices. PrimeXBT offers over 50 ways to trade with up to 1000x leverage. 414 Fibonacci price target drawn from the 2021 swing high to 2022 swing low projects a target for this cycle of $9,700 per ETH. 1 You can buy crypto straigth through them, no need to use shady exchanges. Forexlive holds no responsibility for any liability, damages, or losses caused in connection with the use of any content on this page. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome.

Editor’s Verdict

Donetsk People’s Republic. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Short term strategies might use higher leverage to capitalise on quick price movements, while long term strategies might favour lower leverage for a more measured approach to earning money. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. Imagine you have a set amount of money to invest in a particular Cryptocurrency. Monitoring is something that will be different for everyone. Research has concluded that strict IP blocking country by country is not an efficient way to prevent unauthorized access by users from restricted jurisdictions. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies.

PrimeXBT Leverage

In the next section, we will summarize the key points discussed in this article and provide practical tips for making profit on PrimeXBT. Since then, things have improved, with the coin reaching a high of $0. In especially during times of severe market volatility, this guarantees effective order execution and reduces slippage. For more information, see the developer’s privacy policy. 12, change for March 14. We recommend reviewing it carefully to ensure a smooth verification process. In both cases, copy trading proves to be a valuable resource. The other option is to buy cryptocurrencies through a cryptocurrency exchange platform. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Understanding these factors and their potential influence on the markets can help traders make better informed decisions and optimize their trading performance. These include all of the momentum indicators as well as relative strength and volume based studies. Their fees are typically less than $2.

Allow Installations from Unknown Sources:

Download the PrimeXBT App today, so you too can trade the markets anywhere, at any time, and get started with as little as $5. Activating these bonuses is simple: just copy the promo code, log in to your PrimeXBT account, and enter the code in the “Promo Codes” section to apply it instantly to your account. All traders who work with cryptocurrency through the PrimeXBT platform actually open an account with Baksta. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. The fiat withdrawal process was straightforward but took a long time. Here, you can choose the exact amount of BTC that you want to close from your position, and when you input this, you can simply hit the blue button. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. 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. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Bitcoin is currently at a $211 billion market cap, while XRP’s is roughly $11 billion, representing a $200 billion difference due to Bitcoin’s first move advantage. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The company not only offers transparent cooperation conditions to its customers, but also cares about the safety of their funds and financial transactions. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. I think Bybit should ensure that p2p transactions are completed within the order time and if the time elapses do the needful. 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.

We verify companies and reviewers

It’s great to know that our platform helps you effectively allocate risks, which is crucial for maintaining a balanced and resilient trading strategy. It is not something that you have to do, just something that you are able to do should you choose to. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. In 2018, FINMA stated that it would take a “balanced approach” towards the cryptocurrency industry and allow “legitimate innovators to navigate the regulatory landscape”. Make your Crypto work for you by using it to trade 100+ markets on our platform. Trade Crypto Futures Contracts incl. Deposit Purchase crypto via bank card or transfer via third party companies. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. You can learn more about their withdrawal fees on their dedicated FAQ page. In other words, it will more likely than not underperform BTC, but it also has a lot of its fortune tied to whether or not Bitcoin rallies or falls, as it does tend to move in the same general direction. If your deposit shows as ‘Completed’ but the funds are not visible, refresh your account and check again. Some of the biggest losses you can incur happen in the stock market during a short squeeze but can also be seen with certain commodities as well. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. This minimized my losses and still only cost 0. Let’s take a closer look at what PrimeXBT offers to help traders get the most out of their trading experience. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Some security features include. Here are the details. By staying informed, traders can anticipate market movements and adjust their trading strategies accordingly. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. By providing additional personal information and documents as per PrimeXBT’s Know Your Customer KYC policies, you can request higher withdrawal limits. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 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. This will allow you to earn a commission from referring friends to the platform.

Recent Comments

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. PrimeXBT is an acceptable choice for day traders. Note that registration on the site is very fast, no verification is required, so you will be able to start trading cryptocurrency almost instantly. However, it’s important to note that PrimeXBT isn’t available in the US and Canada, lacks regulatory oversight, and doesn’t support spot trading. They also have a lot of educational materials which the quality of materials is better than other crypto exchanges. How we withdraw , what ar ethe withdraw terms. The spread is essentially the fee you pay for trading an asset. This means that you can benefit from the price movements of anything from Bitcoin to Ethereum without even having to own the underlying asset.

BITCOIN

306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. How to sign up and use Prime XBT. To view or add a comment, sign in. Bitcoin Cash will more likely than not need the rest of the market to rebound in order to climb as this point. PrimeXBT is an award winning margin trading platform, offering CFDs on forex, commodities, stock indices, and Crypto all under one roof. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Looking for a Service. Users are required to verify their accounts to deposit and withdraw Fiat currency. If the price moves in the opposite direction and Ether appreciates, your short position will again cost you your entire balance. 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. User assets are stored in multi signature cold wallets, and personal data is protected by SSL encryption and two factor authentication 2FA. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface. Margin trading in the cryptocurrency market can be very profitable but also challenging. The best PrimeXBT coupon code available is WETHRIFT25, which gives customers 25% off at PrimeXBT. Traders are listed in ascending order by win ratio. The company not only offers transparent cooperation conditions to its customers, but also cares about the safety of their funds and financial transactions. PrimeXBT trading fees start at 0. 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. Its spreads are average to high compared to the industry average, barring cryptocurrencies. And while we understand the desire to access funds fast due to the speed that cryptocurrency technology provides, we are committed to maintaining strict, manual security protocols to ensure the long term safety of our customers and their funds. To profit from falling volatility expectations, volatility skews offer effective vehicles. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. 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. From technology to advertising, he loves building impactful and instantly recognizable communication channels. 🔒 Additionally, we’ll guide you through the sign up process and highlight its pros and cons to provide a clear picture of its strengths and weaknesses. At some brokerages, investors may be held liable if outstanding balances aren’t paid up and settled. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit.

Artist Development

I have been using Prime XBT for the past 4 months and so far I can say I have not received any problems with it. A service without an education resource will always be daunting for new customers and this could scare you off of the industry entirely. An additional benefit for PrimeXBT traders is the absence of fees for account deposits. 32 to send USDT over the BEP20 network. Ultra lowfees give more capital to put toward trading positions across all markets. PrimeXBT is a cryptocurrency platform that combines the functions of an exchange, an exchanger, and a platform for trading crypto derivatives futures and CFDs. Moreover, it’s a coin that has made the whole Crypto community debate its value, and where it will break the barrier of $1 per coin or not. I’ve done that, and it sucks. With the BNB discount, it would be $3. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. After that, there is usually a pre halving expansion, followed by a reaccumulation phase, and finally, a strong expansion post halving “Bull Market”. This means that the markets are not centralized like a stock market would be. 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. The support and resistance levels are used to speculate on the price movement.