PrimeXBT: A Comprehensive Review of the Ultimate Margin Trading Platform for Crypto, Forex, and Commodities

With PrimeXBT you can buy BTC instantly and securely, via debit or credit card. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. I discovered that PrimeXBT’s swaps are low to average compared to the industry benchmark. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. We personally contact support using all available methods and present hypothetical problems that users might face. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This gives it a competitive edge. I always recommend that traders check regulations and verify them with the regulator by double checking the provided license with their database. Information regarding past performance is not a reliable indicator of future performance. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. For the first level VIP 0, with the last 30 day trading volume less than 250 BTC, the maker fee is 0. We’re thrilled to hear that you’re enjoying the variety of services and tools we offer. 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. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. Click on the blue notification box to add your PrimeXBT Wallet to your address book. Additionally, users can access their transfer histories through individual wallets. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Higher limits are typically available to verified users. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Primexbt Promo Code Get Bonus. Io feature is another big plus. Set stop loss orders to limit potential losses.

Copy Trading fees and conditions

While Bybit offers a limited selection of basic earning products, Bitget boasts a far larger selection, including specialist products like Dual Investment, Shark Fin, Range Sniper, and Smart Trend. Anyone that suggests that the price of ada is going to be $100 anytime soon should be looked at with extreme skepticism. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. A buy and hold strategy is also called HODLing in Crypto, which means the investor is buying spot assets and holding them under any circumstances. Register and join our community with millions of traders from all around the world. Also, it seeks to offer ultra fast order execution < 7. After booking gains across the previous week, Bitcoin rallied to a record high of 108k on Tuesday before slumping 14%. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. Pro Tip ✔️: Use a block explorer to monitor the confirmations. Having said that, it is crucial to respect the potential damage that can come with larger position sizing. So, why is depositing on PrimeXBT this arguably the number one bitcoin margin platform. But with a margin account, much larger position sizes can be taken because the investors are relying on credit provided by the broker.

PrimeXBT Fees

We’re also glad that you’re pleased with the specific features of our Crypto Futures module and the competitive trading conditions we offer. Understanding how to calculate both gains and losses will be crucial. Click Download and confirm the file download if you see a warning. When your computer is hacked, your password will be taken from you like bitcoin, ethereum and usd. However, this also works with losses. 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. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes. We do cover each of these more in depth in our dedicated PrimeXBT review linked at the beginning of this article if you want a more thorough look. By understanding the impact of regulations and leveraging PrimeXBT’s support services, traders can navigate the platform more effectively and ensure compliance with local laws. Primexbt Promo Code Get Bonus. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. There are plenty of no KYC exchanges, decentralized exchanges, and P2P trading platforms that won’t ask for your personal data to trade crypto. For example, if a trader has a balance of $10,000, they will want to not risk more than US$500. Member FINRA and SIPC “Public Investing”. This data updates every 30 seconds. While short term fluctuations are expected, the future price action of POL ex MATIC looks promising. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Maker and taker fees are a fundamental part of trading on PrimeXBT. Forex trading revolves around speculation on national economies, fluctuations in interest rates, and levels of risk tolerance. Our traders are already comfortable and familiar with user facing protections, such as compulsory address whitelisting, two factor authentication, and more. This marks a notable achievement as WEMIX’s inaugural venture into the European market, emphasizing the token’s role in facilitating a range of blockchain based activities, from gaming transactions to decentralized finance DeFi applications. PrimeXBT has published over 350 educational articles on its website, which are free to access.

Recent Forum Topics

Information regarding past performance is not a reliable indicator of future performance. EOS has a lot of potential as a technology and again, if it can find a good use case, the value of the cryptocurrency will most likely balloon with it. KYC, or “know your customer” account verification. Dogecoin’s friendly and giving community quickly became well known, frequently using cryptocurrency to collect money for various causes. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. Additionally, PrimeXBT utilizes CloudFlare’s technology to minimize risks from potential Distributed Denial of Service Attacks, commonly known as DDoS. We strive to provide content that enriches our traders’ knowledge and enhances their trading strategies. This is to determine whether or not the economy is healthy, and more importantly, growing. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. Additional terms may apply to free offers. The EUR/USD pair is a popular currency pair to trade in the. 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. Hub participate in Contests, manage your Rewards and Promo codes sections, track your Referral network and partner in the Affiliate program, learn about the Academy, review the Market research blog and connect with the Community;Main make deposits, withdrawals, keep track of your account’s activity and statistics. You can make deposits and withdrawals within the app as well. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Resource 20 IndexFinancial and Ind. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. This is probably due to the fact that the US has banned the form of CFD margin trading featured at PrimeXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Everytime my trade was in profit the spread widened until I got back to + 0 again.

Invest with confidencewith PrimeXBTInvest with confidencewith PrimeXBT

There are four available order types. 49% against Ethereum and down 26. Additionally, leveraging PrimeXBT’s support services can provide valuable guidance and assistance in navigating regulatory challenges. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. In a sense, one of the biggest hurdles to success lies within the actions of the trader itself. Learn more about Baksta’s Legal Terms. Approaching cryptocurrency signals with a mix of scepticism and proactive risk management will ensure you will be able to reap the rewards while safeguarding against potential hazards. You can buy cryptocurrency directly from the platform which can be used as collateral or for spot trading. Trade Crypto Futures Contracts incl. They select the isolated margin mode and post 4 BTC worth of initial margin, with a liquidation price set to $970. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Enter your phone number to receive a download link. You can fund your account in two ways, either through credit/debit cards or Bitcoin transfers. In order to do this, you will need to provide them with an email and password. PrimeXBT is a one of a kind trading platform in the market. To make the process of purchasing cryptocurrency more streamlined and seamless than ever before, PrimeXBT implemented a secure “Buy Crypto” option of crypto to fiat conversion. Time frames range from one minute to one month, allowing traders to conduct in depth market analysis of forex pairs and other trading instruments, irrespective of their trading strategies. We have noticed that there are certain time limits: withdrawal requests are processed from 12:00 to 14:00 UTC on any day. Switching markets and searching trading pairs on PrimeXBT is straightforward. Learn more about Baksta’s Legal Terms.

Which type of cryptocurrency is the best?

Users can deposit, withdraw, exchange, and transfer Crypto. The tiger for this review was an issue with a payment I had this week, and it was resolved surprisingly fast 👏Absolutely top notch service. Unfortunately, algorithmic trading is unavailable. While some optimistic predictions suggest XRP could reach triple digit values, a more realistic outlook based on current market trends and Ripple’s use case points to a maximum XRP prices range of $5 to $10 in the next 5 10 years. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. Allowing others to copy your trades while earning a cut of their profit is a good way to earn extra for very little extra work. Click Download and confirm the file download if you see a warning. Our clients love how fast and simple our sign up is.

You should know

My orders keep getting cancelled because the margin pool for BTC/USD is dried up. Based on our analysis, PrimeXBT offers more than 20 discount codes over the past year, and 19 in the past 180 days. But, this promotional scheme can only be availed by using the promo code TMMBONUS But if you’re looking for a reason to use this code, read further. The minimum withdrawal amount varies by cryptocurrency. At the moment, an API interface is not available. Since the market is decentralized, traders can seize opportunities irrespective of their time zone. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 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. The order form also displays recent trades and order book data. Third party trademarks are the property of their respective third party owners. Profits and equity are settled in the base currency of each particular trading account.

Developing a leverage trading plan

However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Its intuitiveness and simplicity provided a pleasant trading experience. If the USD/JPY pair moves from 114. These fees vary by cryptocurrency. This leaves Volet and Perfect Money as the alternatives. You can also easily create and import your own custom tools, indicators, and EA on the platform. Click Download and confirm the file download if you see a warning. However, financing costs are more often than not an issue only if something wrong has happened with the trade. However, if you are savvy you can turn that cryptocurrency you received into a lot more money by trading with it, especially through margin trading as you do not need as much cryptocurrency to ensure larger profits. BNB Smart Chain network BSC for BEP 20 tokens.

Findings

Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Disclaimer: These are the writer’s opinions and should not be considered investment advice. According to PrimeXBT, many of its affiliates have earned thousands of dollars monthly. Go to Settings > Security and enable Install from Unknown Sources if prompted. To register on the PrimeXBT website, you need an email address and a password. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. The first thing that you will notice about the platform is that it offers a large degree of customization. Date of experience: December 18, 2023. Select the currency you want to deposit. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Exchange Price Comparisons

With a wide variety of tokens available—most of them based on the Binance Smart Chain—users have access to a robust selection of assets, including many DeFi tokens. It features a clean user interface with a fully customizable workspace, professional charts, comprehensive technical analysis tools, multiple order types, and secure wallets. It is considered a “trustless platform. Brand operating since. Reach out to us on our official live chat. These include the ability to stake your tokens in return for passive income, to access yield farming and liquidity mining, which allow users to put idle tokens to work in return for APY Annual Percentage Yield. Selecting an appropriate leverage ratio for margin trading is similar to choosing the right climbing gear for a mountain climbing adventure; it significantly impacts your journey. On the other hand, the broker does not impose any non trading fees. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. By doing so, they can rapidly increase the size of their account, but it should be noted that losses can be amplified as well. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. The broker offers only cryptocurrency based accounts on Bitcoin, Ethereum, USDC, and USDT. While some investors look to significant price movement. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. 5 million tokens were allocated for a pre ICO which took place in October 2017 and raised around 600 000$USD at around 0. Here’s a simplified example of how leverage translates to Crypto trading. Other strategies like Options Trading and Pairs Trading leverage market discrepancies and correlations to minimize risk and maximize potential gains. Some products and/or services might not be covered by the Compensation Fund. When it comes to security, PrimeXBT does not compromise.

Step 3: Withdrawal and Review

Let us take the same example but use it in the process of hedging. We have compiled all of the information you need to know before joining the PrimeXBT affiliate program. By blending an institutional grade trading engine with interfaces tailored to retail users, PrimeXBT satisfies the needs of novice and advanced traders alike. Our CryptocurrencyExpert. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. Once registered, you will need to fund your account to start trading. The answer is you go to a trading platform such as PrimeXBT to borrow 9 ETH on the condition that you will pay it back at the time of the final settlement. Covesting simplifies the trading process, making it accessible to users with varying levels of experience. In the past several weeks, the mobile app alone has had its withdrawal system overhauled, new Covesting features added, and the ability to share ROI with other traders online from the account history section. Seek independent advice if you have questions or do not fully understand the risks. Some copy trading platforms may ask you to choose how much of your funds you want to allocate to a specific trader, which helps keep your risks under control. Visit the platform at and trade without having to worry about safety and privacy ever again. The loss can be figured out by simply multiplying the $0. Additionally, the account type is pretty flexible in terms of its maximum leverage. The PrimeXBT Euro 2024 giveaway has concluded, and one lucky trader has scored big. Returns or profits may be subject to capital gains tax. Dear Milton,We’re glad to hear you’re enjoying the liquidity on PrimeXBT. For crypto traders who want to access Earn products and copy trading, and for serious crypto traders, then Bybit is the superior platform. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs.

FrancoPereira

Coinbase:Sarah Mitchell, a beginner trader from Texas, says, “Coinbase made it super easy for me to start trading. This is why it’s so vital to make sure you type in the correct details, such as the correct wallet address for your Zengo wallet, and make sure you double check everything before confirming the transfer. 1389% based on the type of trade. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Returns may be subject to tax. It is important to note that Bybit supports derivatives and spot trading, as opposed to PrimeXBT, which only offers CFDs Contracts for Difference. Our goal is to provide a supportive trading environment and access to experienced traders who can help navigate through market volatilities. 2024 00343, having its registered office address at PKF Corporate Services Ltd. It stands out as a dynamic trading platform, combining low trading fees with a wide range of tradable markets, with maker fees as low as 0. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Com and describe your case. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. 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. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. PrimeXBT is a perfect match for copy traders. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. Date of experience: October 22, 2024. Copyright © 2025 Coincub Limited. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. PrimeXBT provides traders with a user friendly web based trading platform and mobile app. By investing in continuous learning and self improvement, investors can enhance their investment skills and achieve long term success on PrimeXBT. Polygon has captured the imagination of many crypto enthusiasts looking toward Web 3. If a trader is knocked back after being greedy, their mindset will become one that is more aligned with fearful trading.

POPULAR

To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. Throughout my testing, the app performed smoothly without any bugs or glitches. You can now trade or hold these funds as you see fit. But always keep in mind that the Crypto market can move in tangent. We realize that margin trading requires a fair amount of skill and there’s plenty of risk involved, but as long as you understand this and budget carefully, there’s no reason why you can’t enjoy everything PrimeXBT has to offer. So, will the price of bitcoin cash go up. As an individual who’s just started in crypto trading, Prime XBT offers a hassle free procedure to open an account. Hello Zwelakhe,Thank you for sharing your experience. While PrimeXBT’s platform supports one click trading, its lowest timeframe is one minute which is not ideal for scalping. It also offers a decentralized app, plus a Chrome extension. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. 32 to send USDT over the BEP20 network. 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.

Prices

Higher limits are typically available to verified users. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Currency trading on margin involves high risk, and is not suitable for all investors. By studying support, resistance, and momentum, you can gain somewhat of an understanding where Bitcoin Cash may end up. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at. However, losses are also magnified in a declining market. This is why many prefer the term pseudonymous when it comes to crypto. Their Mobile App has a scam to it. In 2023, Shiba Inu began the beta testing phase of Shibarium, its much anticipated Layer 2 solution. ©2023 Levelz Created By DMZ.

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The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Its intuitiveness and simplicity provided a pleasant trading experience. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. PrimeXBT delivered a seamless trading experience. Users can also customize the indicators in terms of the time frame and other important inputs. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. It provides a user friendly mobile app that caters perfectly to its core trader base and is a crypto forward brokerage. Every live trade is inevitably impacted by a variety of market forces that ultimately determine its outcome. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. His work enhances the platform’s educational content, aiding traders in their decision making process. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Bitcoin margin trading has helped inject institutional investors into the industry, which is a significant factor behind Prime XBT’s popularity. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair.

BITCOIN

Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Their Mobile App has a scam to it. Dogecoin is currently worth under a penny a roughly $0. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. It’s important to consider this fee when planning to withdraw funds. Along with the main account, Bybit also supports subaccounts, which allow crypto traders to manage smaller separate accounts. Disclaimer: These are the writer’s opinions and should not be considered investment advice. Plasmar – Todos os direitos reservados 636. Stick with profitable long term providers through ups and downs. This is when traders and investors will look at the possibility of a bull market in the future. This lowers the risk of holding an asset whose value is highly volatile. Note that registration on the site is very fast, no verification is required, so you will be able to start trading cryptocurrency almost instantly. 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. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users’ funds and personal information against potential threats. We’re here to help you continue your progress towards your goals. The exchange recently released its tiered fee structure for those traders who do a considerable amount of volume on the platform. Choose PrimeXBT for a versatile and user friendly payment experience. PrimeXBT, unlike many other brokers, doesn’t require users to divulge confidential data that allows identifying the client’s identity. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Visit PrimeXBT Platform and get 35% on Your First Deposit.

Trading Fees:

Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Once registered, you’ll be able to explore the various features, tools, and functionalities offered by PrimeXBT, including exposure to margin trading for Bitcoin and other Cryptocurrencies. It was even argued that this collapse, which came at the time of the financial crisis, was due to speculation on prices before which overinflated Oil’s value. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. In this event, all of your open positions are closed as Market orders to settle the P/L. Fortunately, you can start with smaller position sizes and work your way up as you gain more experience in trading. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. PrimeXBT Trading Services, S. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. Our website uses cookies. Content is written free from bias and is fact checked where appropriate. KYC is optional and up to both traders if they want to require the other party to KYC through the decentralized identity systems that OpenPeer provides. Enter your nickname to participate and accept the tournament rules check the box. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. Pro Tip 💯️: If you need to have your query answered quickly and you are not getting a response through their ticket support system then you can always hit them up on their social media. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. But the transparency of this process raises questions. $20,000 or equivalent for unverified users. 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. Anyone can write a Trustpilot review. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. The responsive design facilitates trading on various devices. Providing financial education to those who need it most has always been a passion of mine. As for their policies, they have a KYC Know Your Customer Policy and an AML Anti Money Laundering Policy. Both PrimeXBT and Zengo provide users with the ability to buy and trade crypto assets. Keeping a larger sum than necessary deposited into a margin account so margin balance remains high, with plenty of room for positions to go wrong and not risk a margin call or liquidation. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage.