User Friendly Interface

Dear Varas,Thank you for your positive feedback. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Founded in 2018 by a former Google manager, Crypto Rand is now composed of more than five crypto and trading experts, that want to help you navigate the market and guide you when investing in STOs, seed rounds and equities. PrimeXBT offers various types of bonuses including deposit bonuses, trading credits, cashback offers, referral rewards, and promo codes. Essentially, the broker lends the trader money so that they can open bigger positions. PrimeXBT PTY LTD previously Stack Advisory 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. Whether you have a question about our platforms, or need help with your account, our friendly, multi lingual support team is available 24/7 via live chat and email. Send Crypto to anyone, as long as PrimeXBT Tanya Jawab you know their wallet address. One advantage that OKX has is SEPA transfers, which are used mostly in the European market, providing options for cost friendly deposits. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Under the “My COV” tab, you can use Covesting tokens to access different membership plans on the platform. PrimeXBT offers traders a unique chance to combine the thrill of trading with the excitement of travel. The main rule is to scale in only into profitable trades and to scale out only out of losing trades. There is no live chat option available and our team also struggled to find any information regarding a contact telephone number. Find out how we combat fake reviews. I think it is one of the top notch crypto exchanges in the industry in my opinion.

PrimeXBT Review – Margin Trading FAQ

Its intuitive interface simplifies navigation for beginners, while educational resources empower informed decisions. From there, you can send the BTC to another wallet you create or own. 🇯🇵 Minor pairs: Pairs that do not include the USD but involve other major currencies or a mix of a major and a smaller economy currency, like EUR/GBP, AUD/JPY, and GBP/JPY. As anyone that has participated in the Crypto market knows, analysing and monitoring such an active and mobile market is time consuming. $2,000 by bank card. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. We follow strict editorial guidelines to ensure the integrity and credibility of our content. An agent connected almost instantaneously to the chat. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. However, since the Beacon launch. Brand operating since. However, it comes with a certain set of requirements. Yes, I can see your objection – “What is KYC in crypto. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. 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.

Products on Bybit

The Cardano ecosystem directly competes with Ethereum. PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform. The EUR/USD pair is a popular currency pair to trade in the. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. However, there’s a demo version for new users who are unsure about using the exchange. BTC price plummeted by 78% to $15,000 in late 2022 after a series of bankruptcies and insolvencies in the cryptocurrency industry. Transfer Funds: Use your crypto wallet to send the desired amount of BTC to the PrimeXBT deposit address. PrimeXBT, a leading multi asset brokerage brand, has announced its acquisition of a licence from the South African regulator, the Financial Sector Conduct Authority FSCA, as part of its upcoming launch in the region. Below are some of the most interesting and important facts about Shiba Inu that highlight its growth and development. PRIOR TO TRADING WITH MARGIN YOU SHOULD CAREFULLY CONSIDER THE TERMS AND CONDITIONS OF THIS WEB SITE, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. When the market hits your stop loss and you get stopped out, the maximum loss should not exceed 2% of your trading account size. Pros and cons of market diversity on PrimeXBT. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. And you can also purchase cryptocurrency for your deposit using Baksta affiliate service. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. The core appeal of margin trading lies in its ability to significantly increase your potential gains. In his current role, Mr. I thought I was safe. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. This means you can profit from both rising and falling markets. Anyone can invest in DOGE, but it doesn’t mean it is right for you. If you have ambitious goals you might want to consider trying all of these methods at once.

Award winning platformAward winning platform

Navigation was intuitive, with all the essential tools and indicators just a click away. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. My live tests indicate that broken down by asset class and compared to the industry average, PrimeXBT charges low spreads on cryptocurrencies, average spreads on currency pairs, average to high spreads on commodities, and high spreads on indices. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. 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. You can build out your own workspaces that you can access at the top of the platform. Dean has an economics and startup background which led him to create Bitcompare. These services are governed by the legal terms and conditions of PXBT. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. Depending on the trader’s needs, some may choose to store their DOGE on an exchange. Crypto Bulls Club projects that POL ex MATIC could rise to $3. This causes a slight delay in funds being available in the account. Another popular type of copy trading is social trading. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. 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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Visit PrimeXBT Platform and get 35% on Your First Deposit. The content published by guest authors is not investment advice. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform. Read next: 10 Best Decentralized Exchanges for 2024. Register and join our community with millions of traders from all around the world. PrimeXBT presents an interface that’s both customizable and user friendly. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. He earned a Bachelor’s degree in Economics and International Relations.

PrimeXBT Mobile Version

However, you won’t be able to access all of these products without completing some KYC. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. This would require a price of $30+ per ADA token. Also, one of the biggest advantages of Day Trading is the potential for profit is exponential. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. We recommend using a unique Email+Password combination that you are not using for other services. Following a VIP tier level, here is what traders on Bybit can expect to pay for trading fees. The lower cost of entry to maintain operations as a validator is also less expensive, limiting the need for network participants to sell ETH for operating expenses. Bots are not only used in the cryptocurrency sector but also in the stock market. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. This is not something that we have seen on other charting packages developed by an exchange. The reason for this is simple: your free margin depends on the unrealized profits and losses of your open crypto trades. The PrimeXBT WebTrader’s key features include. Our website uses cookies. Forex trading, in particular, is one of its key offerings. Other cryptocurrencies might differ slightly in processing times. The 2022 2023 Crypto winter intensified the pressure on XRP and Ripple continued loosing value as the uncertainty of the trial finale increased. OpenPeer is a decentralized peer to peer exchange built on EVM networks like Ethereum, Binance Smart Chain, and Polygon. ” These orders specify the most you are willing to buy or sell a security at. PrimeXBT PTY LTD previously Stack Advisory 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. It depends on what you mean by anonymous.

PrimeXBT Account Types

The “easy money” to the downside has already been made as Litecoin has dropped over 80%, along with other altcoins. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The ‘Credit or Debit Card’ option will be pre selected, so simply click ‘Continue’ and follow the on screen instructions. While PrimeXBT has received positive feedback, users have also raised concerns and issues that the platform needs to address. The platform offers many tools that help you analyze different assets and execute trades. 2 of PrimeXBT’s Terms and Conditions. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. 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. Coinscreener is an extremely powerful tool not only because it uses A.

What is Toncoin TON? Telegram’s Official Coin Explained

Whether you are a beginner or an experienced trader, PrimeXBT provides a solid platform for your cryptocurrency trading needs. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Whether you have a question about our platforms, or need help with your account, our friendly, multi lingual support team is available 24/7 via live chat and email. Other people might use an indicator known as the Average True Range to determine how far the stop loss needs to be. Physical crypto is offered via a partnership with a company based in Lithuania. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. There are plenty of no KYC exchanges, decentralized exchanges, and P2P trading platforms that won’t ask for your personal data to trade crypto. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. PrimeXBT stands out for its flexibility in funding options, accepting various methods including bank transfers, credit cards, and even other cryptocurrencies. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Even so, Binance has set itself apart by offering an insurance fund for user assets. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Unlimited for verified users. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. Here are 8 tips for writing great reviews. Another common mistake among crypto traders is to trade against the trend. The bonus will be automatically credited to your account. Yet, the ease with which one can leverage these trading opportunities remains uncertain. Anyone can view, post, and comment to this community. Additionally, 4C Trading is a Cryptocurrency exchange, which means that they also profit from fees they charge on transactions, potentially on account funding and withdrawals. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services.

Trading Robots

Seek independent advice if you have questions or do not fully understand the risks. Popular lending protocols like AAVE have established limits on ETH borrowing in an attempt to curtail any potential fallout from the clear overleveraging. PrimeXBT Trading Services, S. The order form also displays recent trades and order book data. To share your Trade link, go to the ‘Trade history’ page of your Margin account. It’s time to do your research. The key dates in the XRP vs SEC case are. The Tenere Team works diligently to find the best primexbt. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Lastly, you can’t rearrange or resize modules on the desktop platform. Uniswap uses an automated market maker AMM system, which means you can trade tokens without needing a traditional order book. They ask to deposit first ,, 0. While the platform’s advanced trading tools and customizable interfaces appeal to experienced traders, some novices may feel overwhelmed without proper guidance. Understanding and navigating market volatility is crucial for making informed decisions when engaging with Polkadot, as prices can react swiftly to both positive and negative developments within the crypto ecosystem and the wider financial landscape. In rare cases it may take up to 24 hours to process your withdrawal. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. 9% availability rate, ensuring that traders worldwide have near constant access to the volatile cryptocurrency markets. 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. I tested both versions and found that they offered a smooth trading experience without any significant compromises. The deposit bonus percentage can vary, and it’s essential to check the current promotions to understand the exact offer. It’s become so profitable, some traders have started taking less positions and have let their commissions become their main source of income. How long can I keep a position open. This makes it a versatile choice for traders seeking diverse opportunities. Traders should check the list of supported and restricted countries and ensure compliance with local regulations before using the platform. The EUR/USD pair is a popular currency pair to trade in the. The company’s foundation and evolution reflect its dedication to meeting the evolving needs of traders and maintaining a leading position in the competitive trading platform market. Date of experience: July 28, 2019. Trading hours may be affected during the holiday period.

PrimeXBT Futures Trading Fee Structure

Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. However, for someone who doesn’t want to give away his data just like that, PrimeXBT is better suited. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds. I also like that the exchange fees are not so high it’s something I can pay without complaining. Some traders set trailing stop losses, so that the amount of profit continues to climb until a reversal eventually stops out the position in profit. The worst performing year for Cardano was 2018 when the price dropped by 94. Its spreads are average to high compared to the industry average, barring cryptocurrencies. For this reason, I will not be focusing on the general areas of PrimeXBT, but rather honing in on aspects such as its futures, PrimeXBT copy trading, and other factors such as margin trading.

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1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Learn more about Baksta’s Legal Terms. With the newly acquired information, you can register for PrimeXBT and practice your technical analysis using the built in charting tools, and test your skills at trading by putting only a small amount of capital on the line. Ultimately, as the final innings of 2020 approached, Dogecoin finished strong with a value of $0. Sign up with this link and then deposit the stipulated amount before the timer expires. For more details on the listing tiers, please refer to Listings Review Criteria Section B 3. PrimeXBT is an acceptable choice for day traders. Yes, standard trading fees apply to trades executed within the Covesting module. Additionally, specific promotions may have regional restrictions and time limits, so it’s important to carefully review the terms and conditions of each offer to ensure eligibility. In those 5 years I have seen the rise and fall of multiple services who claim to be of superior quality and yet every time I’m disappointed.

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A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Additionally, you cannot set stop losses and take profits directly from the order form. 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. Yes, all transactions on PrimeXBT involving the disposal of a crypto asset are in most cases taxable. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Koinly crypto tax calculator makes it easy to do your crypto taxes whichever exchange, wallet, or blockchain you’re using. Click Download and confirm the file download if you see a warning.

Worse

95% in total fees for fiat currency deposits. PrimeXBT provides 24/7 customer support via live chat and email. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. I’ve been using the copy trading module for a while now, and it’s been a game changer for me. Copy your unique referral link from the ‘Referral program’ section. For those in search of more substantial investment prospects, PrimeXBT provides an alternative path. Just sign up for a live account and use the filter option to find top traders by profit, AUM, and followers. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. For example, a 20x leverage means that if you have $1, you can trade up to $20. This can amplify your potential profits, but also magnifies potential losses. Any news, opinions, research, data, or other information contained within this website is provided on an “as is” basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. You can then buy, sell, and trade cryptos without giving any personal details or documents. 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. As a user interested in trading with PrimeXBT, you need to be aware that there are only seven crypto trading pairs. Here is a look at the margin requirements for the 11 supported indices. Traders can select “add widget” and they will be given a list of different ones to choose from. Investors can trade Ethereum and ERC 20 tokens at speed with minimal slippage, as well as other native cryptocurrencies and tokens on other blockchains including BNB Chain, Optimism, and Polygon. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders.