PrimeXBT Review 2024: Pros, Cons and How it Compares

PrimeXBT and BitMEX both offer access to a variety of cryptocurrencies, but their offerings differ in terms of diversity and depth. The price of Bitcoin follows ever changing supply and demand forces in the market. I advise you to trade here. Plus, details like this can help those who enjoy copy trading on the exchange. Asking support how to join is OK, because some of them were locked for me. $2,000 by bank card. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This data driven approach empowers partners to make informed decisions, optimize their marketing efforts, and maximize their earnings potential. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. A Market order is an order to be executed immediately at first available market price. Market orders are executed immediately, regardless of the available price.

Comparison of fees

Bisq is a P2P trading network for Bitcoin BTC using fiat money without any central authority or identity check. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Unlimited for verified users. If you’re a relative beginner in financial derivatives, PrimeXBT’s value proposition introduces a few concepts that are worthy of a quick explanation. In 2020 we added Silver and Gold trading articles for our readers. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. These strategies help traders maximize their profits while minimizing risks. This is a kinda versatile trading platform. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. 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. Identify a manager who consistently generates high returns through disciplined trading. Another advantage of PrimeXBT is that you can practice leveraged trading on the PrimeXBT demo platform using fake funds. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. Instead, traders can “go short” when it’s expected for an asset’s value to decline, letting the trader generate profits in both growing and falling markets. Always review the terms of the bonus before making a withdrawal. Note that this is just a small range of elements regarding PrimeXBT.

Advanced Trading Strategies

In the period of 2017 2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. One of the key tips for maximizing your trading experience is to use the advanced trading features available on PrimeXBT. The platform has futures on the most popular cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana and others. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. In essence, if your losses exceed the amount of your initial investment the margin, the exchange PrimeXBT invest will automatically sell your holding to recoup the money they loaned you. Additionally, the platform allows for the modification of existing indicators and tools, providing endless possibilities for customization. XRP reacted positively in a rapid upswing, gaining a double value from $0. Our goal is to provide easy to understand educational materials to enhance your trading experience. Even considering these price drawbacks, Ethereum is projected to reach highs of $8,286. The Stellar protocol also has a built in decentralized exchange functionality where users can create buy and sell orders through the protocol itself – this feature can be accessed through interfaces such as StellarX. You can speculate the XRP will rise or drop in value against BTC, and you do this using BTC. Utilize the 4 level hierarchy system. Our website uses cookies. And at the moment, Wallet Investor doesn’t seem to have a five year Dogecoin price prediction. The recent competition brewing between margin trading giants BitMEX and PrimeXBT, and now with Binance rumored to be joining the arena, active traders seeking a platform that offers leverage across crypto pairs have never had more solid options to choose from. The Golden Cross late in December marked the top. While PrimeXBT’s resources are sufficient for most traders, you might find more extensive educational content on other platforms if you’re looking to deepen your crypto knowledge. PrimeXBT does not document an inactivity fee. I wish somebody told me to buy bitcoin back in the day😁I still did it tho, but for like 10 thousand times the price😁😁Platform is kinda nice for trading tho, all convenient features are there, I can just pull up many windows, one with chart one watchlist and PNL. In his current role, Mr. You’ll get two new stock picks every month, plus 10 starter stocks and best buys now. The only risk is your information being leaked via a malicious attack. Click Download and confirm the file download if you see a warning. 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. 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. Learn about gap up and gap down in stocks, together with kinds of gaps, buying and selling methods, and the method to use gaps for better trading choices. Anyone can write a Trustpilot review. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features.

Can a cryptocurrency exchange turn out to be a scam?

The base currencies that the broker supports are BTC, ETH, USDT, and USDC. This website does not replace a personal financial advisor, which should be consulted for investment or trading matters. Our website uses cookies. Ever since Bitcoin became a household name in 2017, investors have poured money into cryptocurrencies seeking an outsized return above and beyond what the stock market would produce in a similar amount of time. GAS are derived from a combination of the first and second nearby month future contracts. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies. No, PrimeXBT does not currently offer any services to residents of the United States. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. On the PrimeXBT platform, it’s simply a matter of clicking “sell” and then clicking “buy” to close out your trade. Here are a few risks that you’re exposed to when copy trading. Trading fees are low at 0. Crypto exchanges offer varying leverage ratios when trading Futures. As with any trading tool, stop orders come with their own set of potential pitfalls that traders must be aware of. The first step in shorting Bitcoin is to do your analysis. Learn more about Baksta’s Legal Terms. PrimeXBT has a mandatory Bitcoin address whitelisting feature and Cloudflare to mitigate potential distribution denial of service DDoS attacks. Keep more of your profits with low trading fees. These products are not suitable for all investors. Credit or Debit Card’ will be pre selected, so just click ‘Continue’ and follow the prompts. The longer term outlook for Bitcoin could rest on future monetary policy. This bonus is designed to boost your trading capital, but it cannot be withdrawn and is only usable as collateral for trades. Founded in 2018, PrimeXBT is a Seychelles based forex broker. 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.

We’re open to all

2024 00343, having its registered office address at PKF Corporate Services Ltd. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. You also have the option to insert a referral code if you were given one more on this later. Partners receive 20% of their first degree referral’s trading fees, 15% from their second degree referrals, 10% from their third degree referrals, and 5% from their fourth degree referrals. Available for both iOS and Android devices, the app retains the core functionalities of the desktop platform, ensuring that users can manage their trades seamlessly from their mobile devices. PrimeXBT offers four types of orders: Market, Limit, Stop, and OCO. Necessary cookies are absolutely essential for the website to function properly. In full transparency and honesty, I have never been a big fan of the too many offshore and unregulated exchanges that are out there as so many of them can be quite dodgy. Look for platforms that have industry awards to show for their operational excellence, or that have large community followings with happy customers, and no history of hacks.

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The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Our prediction model sees DOT reaching $33. The CFD has allowed traders to not only trade Forex but a multitude of other instruments as well. They also vary depending on the asset being traded and the leverage used. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. Visit our Help Centre. These products are not suitable for all investors. Before delving into specific strategies for making a profit on PrimeXBT, it is crucial to understand the platform’s fundamentals. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. It offers a simple and intuitive interface, transparent fees, and a secure and reliable trading system based on Bitcoin multisig smart contracts. جميع الحقوق محفوظة لشركة نحن للتدريب والتأهيل وتنمية الموارد البشرية. Active users across the world. Die Zeit, die benötigt wird, damit eine Einzahlung bearbeitet wird und in einem PrimeXBT Konto erscheint, hängt größtenteils von dem für die Einzahlung verwendeten Blockchain Netzwerk ab. Billions, if not millions of dollars, have been stolen from notable exchanges. Users need to withdraw cryptocurrency from PrimeXBT and then convert it to fiat via third party exchanges, which can add extra steps and fees to the process. Here are some strategic benefits that highlight the significance of incorporating stop orders into your trading arsenal. This membership enables PrimeXBT clients to benefit from FinCom’s independent external dispute resolution services, which are designed to address and resolve complaints efficiently and impartially. The ‘Messages’ widget contains all system messages with a detailed explanation of why an order was rejected. Its strong blockchain platform and distinctive features provide a wide range of opportunities for many businesses and use cases, which might have a big impact on its value. Binance’s user friendly interface and extensive educational resources make it accessible to traders of all experience levels. Trade 100+ markets like BTCUSD, EURUSD and SP500. You can open a demo account in PrimeXBT only if you participate in the traders’ tournament. This method leverages the expertise of seasoned traders to potentially yield profits for those who are less experienced. Easily buy Crypto with Visa or Mastercard. This transparency helps you choose a trader you’re confident in copying.

Restricted Jurisdictions

In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. Even the reviews that highlight the drawbacks of the platform tend to be positive overall. 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. Scalping also allows traders to analyse their profits and losses on a short term basis. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. PrimeXBT isn’t just another trading platform; it’s a dynamic powerhouse offering leveraged trading on crypto CFDs, commodities, indices, and Forex. Global occurrences that could affect crypto prices include political unrest, inflation, etc. Finally, another way a cash account and a margin account differ is by letting investors and traders profit from both market directions. So, let’s dig into their arsenals and see which platform packs the firepower you need. Ignoring risk management is another common mistake. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. No, I cannot trade for you. Once familiar with them, any reader will be ready to jump head first into markets and start trading Cryptocurrency right away. However, traders are also interested in new assets that show growth potential. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. 49% transaction fee for trades over $200, so there are extra fees per transaction and extra “auction” fees, which PrimeXBT offers flat fees irrespective of volume or rebates, and fees differ depending on the instruments being traded. See more about trading fees. PrimeXBT also offers both long and short trading options. You will head on over to your dashboard section. No head to head comparison between PrimeXBT and eToro would be complete without touching on the copy trading features – what each platform is best known for.

EveryPlate Affiliate Program

Visit our Help Centre. Learn more about Baksta’s Legal Terms. You can earn up to 75% of the profits of those whose trades you copy. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. Pricing and Feature list. It is available for download via Google Play or the Apple App Store. ProBit is a centralized crypto exchange with more than 400 cryptocurrencies available to buy, sell, and trade. Best of luck in your future contests. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. PrimeXBT is a platform that’s gained in popularity mostly due to its diversity of trading assets and various trading tools. Returns or profits may be subject to capital gains tax.

PrimeXBT 8 2

I’d say this is a double edged sword and requires a fair amount of trust in both the exchange and AWS. IOS App: ● Android App. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. This intuitive trading platform caters to the needs of both beginners and experienced traders. This comprehensive guide will provide detailed information on PrimeXBT’s global reach, supported countries, restricted regions, and the regulatory landscape influencing its operations. Check out these trading options. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. This transparency helps you choose a trader you’re confident in copying. Such competitions allow participants to learn the basics of trading without starting investments, as well as win real cash prizes. As the cryptocurrency market continues to expand, new presale opportunities offer enticing investment prospects. It is clear why this method can provide such profit as it allows traders to invest more money than they have in the hopes of making a return on that increased amount. Overall, I rank PrimeXBT in the middle of the pack. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. The claim is that PrimeXBT is designed to be accessible for users with varying levels of expertise in trading different asset classes. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Overleveraging your trades, and in times of high price volatility. There is no one size fits all solution for traders and it is advised to experiment to see which best suits your individual tastes, needs, and personality traits. This bonus is designed to boost your trading capital, but it cannot be withdrawn and is only usable as collateral for trades. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U.

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Beyond the referral program, you can potentially earn without investing directly by participating in affiliate programs or by engaging in no deposit bonus promotions if available. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. It is important to note that if a position is carried over into a new trading day or trading session, an overnight financing fee is applied. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. Web wallets are wallets that can be reached by visiting a website or domain URL. In PrimeXBT, you can choose a trader and subscribe to his trades to earn without effort, or you can open your own trades for copying and thus also receive additional profit. Cold storage wallets are not connected to the internet, so they are immune to hacks. Another instrument gaining traction in derivatives markets is the concept of leveraged tokens. Plus the fees are truly low, you pay only 0. When Bitcoin’s price skyrocketed to its maximum price of $68,789. Elevate your trading with PrimeXBT’s margin trading accounts, offering key features that set it apart. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets.