About PrimeXBT

Find out the top 5 Binance copy trading platforms. Primexbt deposit bonus. A Strategy is a pool of a trader’s personal funds which is visible to the public and can be Followed by others. A strategy with a total return over 1,800% that turned $400k into nearly $8,000,000. Holders of the COV token receive a lot of benefits on PrimeXBT. Although there are quite a few advantages to using a limit order, there are also some downsides. You may modify the candlesticks intervals using a special drop down menu. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. In sum, PrimeXBT is one of the most secure platforms out there. Withdrawals incur a fee of 0. The 24 hour trading volume amounts to $9221891826 USD. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. PrimeXBT requires only a 0. So join us in our PrimeXBT review to see why this site is well worth a look if you’re into crypto trading. A Position can be either Long or Short. Users also have access to the Help Center, which features a comprehensive FAQ section. The broker also offers a decent range of cryptos such as Bitcoin, with more altcoins available vs the likes of Coinbase, ByBit and BitMex. It also allows for more possible flexibility in trading strategies, where traders can scalp, day trade, swing trade, and more. They can easily create their own strategy and be on their way to professional trading. For the most part, it is used as a brokerage service through which you can buy and sell assets like BTC, ETH, and other cryptocurrencies. Users can trade long or short to enhance earnings through rising and falling markets.

PrimeXBT: How We Protect Users’ Funds And Comply With AML Guidance

12 milliseconds on average. Some indices are set up as ETFs, which can be freely traded on a stock exchange, just like regular shares. It traded for a tiny fraction of a cent through mid 2021. It provides marketing tools and affiliate links to become a partner. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Coinbase is well regulated, compliant, and easy to use, citizens and residents of any country can use it. PrimeXBT has a solid reputation across the trading community, has partnered with many top traders for QandAs and other educational material, and has even won awards for the platform’s benefits. Thank you for choosing PrimeXBT. The major pairings include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, and USD/JPY. Risk Warning:Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Goguen featured the PrimeXBT Telegram-Bot addition of smart contracts. Note ✍️: The financing fees are dynamic. HIRN also offers a more robust option for thirty five dollars that includes both Telegram and Cornix integration if you want to use the signals you receive. This ratio indicates the amount of USD required to purchase one ADA token.

PrimeXBT Review 2024: Complete Exchange Overview

Though CFDs are preferable tradeable instruments for some traders. This is important to point out as it means that traders who want the highest leverage will have to expose their whole collateral to their open positions, unable to isolate them. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Note that only USDT and USDC TRC 20 tokens can be transferred over the TRON network to your PrimeXBT account Wallet. PrimeXBT supports the trading of Crypto Fiat trade pairings. We’d also like to mention at this point that PrimeXBT is regulated by. These are all traded against the USD, while ETH, EOS, LTC, and XRP can also be traded against BTC. These are hosted on AWS web servers which are known to be one of the best in the industry. Disclaimer: Margin trading is considered to be a risky activity, so do your own diligence and never trade more than you can afford to lose. Prime XBT also offers high profile indices to trade against including SandP500, FTSE100 and JAPAN, as well as such commodities as Gold, Natural Gas, Crude Oil, Silver and more. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. The cryptocurrency has experienced high levels of volatility. The PrimeXBT platform has plenty of tools available to suit traders of most skill levels. This results in lightning fast order execution and minimal latency, which traders benefit from. There are two different expenses trading fees and overnight financing fees. If this is something that you would like to get involved with then you will need to get your referral code. You may call it “specialized” in some way but in reality, it attracts a niche of people that know how to use the disadvantages to their make or create profit. Charts: TradingView powers Charts on PrimeXBT. You can copy experienced traders and access hundreds of different strategies on the platform. Quick access to Global Markets margin and Crypto Futures trading accounts, Covesting sections and Contests;Trade access Global Markets Margin trading and Crypto Futures trading platforms, manage your accounts, monitor the market, place trades, and control your orders and positions;Buy Crypto purchase cryptocurrencies using a Bank Card / SEPA transfers / Gift cards / Alternative Cryptocurrencies via third party exchange services;Copy trading Covesting Strategy Management and Followings;Contests the risk free environment that allows traders to test their skills and compete with other participants to win real prizes. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. Contests: Account holders can win enticing prices via the Contests page. Complete the official BitDegree Web3 Exam and get rewarded. “Value” is the same number but in BTC terms, and remember, it’s your initial margin + the leverage combined that sums up this number. Thank you for choosing PrimeXBT. Learn more about Baksta’s Legal Terms.

Trade anytime, anywhere

Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. 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. BTC, ETH, USDT, and USDC deposits are supported, and users can start trading forex, crypto, stock indices, commodities, and more with as little as $5 with no hidden commissions ever – all while on the go. Bitcoin network for BTC deposits. Every contract represents 1 USD of value. Overall, PrimeXBT provides the features, tools, and performance to compete with leading margin exchanges. 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. PrimeXBT is promoting a wide range of trading tools, high liquidity, high security, and a very efficient trading environment for its clients. Here is a look at the margin requirements for the 11 supported indices. Please note that withdrawals to your Advcash account are available only to addresses previously used for a deposit to the platform.

StayConnected With Updates On Macro Conditions

Among the plethora of tools and techniques available, trading orders stand out as critical components that can significantly impact a trader’s strategy, risk management, and ultimately, their profits. Trade fees can be reduced by up to 50% based on turnover within the last 30 days or by activating various promotional codes. Whatever the real reason was, no one knows for sure, but a surge in transaction volume in the leading altcoin turned out to be a good thing for other altcoins as that brought about a recovery of liquidity into the broad crypto market. How to sign up and use Prime XBT. Technical and fundamental analysis applied to an XRP price chart, a thought out strategy, evaluated risk appetite all together this could bring better results if XRP is your choice. PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. 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. The Cardano Settlement Layer CSL keeps track of transactions and features Cardano’s native token ADA as the primary unit of currency. PrimeXBT is a legitimate cryptocurrency exchange headquartered in Saint Vincent and the Grenadines. Copy trading is a great tool for a lot of users with any level of experience. Select the desired amount to deposit. To view or add a comment, sign in. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. However, this comes with increased risk because of something called the “liquidation price”. 01 BTC, you cannot claim the 35% bonus. However, there’s also the daily funding rate that you have to consider since this is leveraged trading. You can trade with confidence knowing your assets are extremely secure. As traders spend the majority of their time on the main trading platform, it is pretty important that it is well laid out and intuitive from a user interface perspective and has all the features and tools that one needs. This is best practice to avoid paying extra charges from exchanges with higher fee structures. You will need a working email and phone number to successfully receive your verification codes and complete the new account sign up process. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. Showcase your Web3 expertise and earn exclusive rewards. Leverage training is a great way to grow an account rapidly, but only if you have the skills and proper strategy. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. It comes with an array of the best tools, indicators and features a trader can ever need to carry out extensive analysis and place trades. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Prime Technology Ltd is PrimeXBT’s Technology Provider. Awesome didn’t believe it until I was able to withdraw. Another benefit of cross margin is when taking a long position, i.

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These products are not suitable for all investors. After we requested assistance, it only took them a few minutes to get back to us. This rate is the same across all of its eight pairs. Thank you for choosing PrimeXBT. Our website uses cookies. This substantial volume indicates that you are more likely to have your orders filled quickly and at predictable prices, reducing the cost of trading in terms of both time and money. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. Therefore, we always advise new traders to invest wisely. A Trading day is a 24 hour period which begins at 00:00 UTC and ends at 23:59:59 UTC. To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the platform is right for your investing needs. Although this symbiotic relationship has advantages, any significant changes or issues with Ethereum could directly impact Polygon and MATIC. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Sign up for free to import your wallet and exchange transactions onto our software to report Ethereum taxes, DeFi, and everything in between. If more people are talking, researching and ultimately purchasing Cardano, the higher its price will go. These apps will allow you to place trades and monitor open positions on the go. We don’t know exactly what other sanctions could happen, but if the trading account and the funds on it were frozen, it would certainly be an extreme inconvenience. You’ll receive a margin call if your free margin i. These products are not suitable for all investors.

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I had 33k as a balance, and a P/L of 32k. Impermanent Loss Calculator. 10 Best Highest Paying Forex Rebate Programs – Rated and Reviewed. A Strategy is a pool of a trader’s personal funds which is visible to the public and can be Followed by others. Instead of having to accurately predict and understand when a trend will turn and at which point it will change again, PrimeXBT Turbo traders simply need to be able to tell whether or not the price of an asset will be higher or lower at the end of a given period. Lastly, PrimeXBT offers a high level of security thanks to a robust infrastructure powered by Amazon AWS. 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. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. Volatility is frequently perceived as perilous in trading, yet its dual nature of high risk and high reward is what makes it a compelling aspect of cryptocurrency trading. PrimeXBT is a multi asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. PrimeXBT places an emphasis on safeguarding its users and offers a comprehensive and multi tiered cybersecurity framework. We understand the importance of regulations, both national and international, to securing the safety of our clients’ financial activities. The majority of people who trade are people who want just to earn an additional income. World’s largest crypto exchange. For users who do not pre own PrimeXBT Crypto, PrimeXBT allows users to acquire Crypto with credit/debit cards, SEPA transfers, and through Coinify. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. GBP/USD on Jan 10, 2024: 14. You can choose the buy option to create a long position or select the sell option to create a short position. Some notable awards include recognition as the Most Trusted Crypto Asset Trading Platform and Best Cryptocurrency and Forex Broker. Invite 3 friends and earn;. 66767197 USDT Long 4000, SwapRate=0, InterestRate=0. The total supply of SOL is limited to 488,630,611 tokens, with some of them allocated for funding the development of the ecosystem. Polkadot has shown very strong potential lately, and this could be a good opportunity to dig right in and invest. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership. Additionally, users can deposit and withdraw US dollars. USDCAD is on an uptrend since forming a support at 1. Separately, under its covesting module, PrimeXBT offers a “staking” option but it is NOT interest earning. When buying, you will get the Ask price; when selling, you will get the Bid price.

Fat Pig Signals

While such high leverage amplifies potential profits, it also heightens risks. A cryptocurrency exchange also known as Digital Currency Exchange DCU is a business platform that is used to connect digital currency buyers and sellers in one marketplace. I don’t know if it is too early to conclude that the customer service is slow. Clients can place trades and manage orders directly from charts, powered by TradingView. It allows regular crypto traders to essentially automate their success by automatically copying the real time trades of proven professionals. For detailed information on how to make Direct Crypto deposits to your PrimeXBT Wallets, see our ‘Deposits’ guide. Via the Trade page, PrimeXBT provides details on. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. OPEC stands for the Organization of the Petroleum Exporting Countries – the organization consisting of 14 of the world’s major oil producing countries that most of the world are purchasing their oil from. Each has its use and will be used in different situations. We also assess the deposit and withdrawal options, promotional codes, investing fees, and KYC verification systems. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges.

We advocate against bias

Additionally COV Staking allows you to reduce trade fees on COV denominated Margin accounts. Maybe I was lucky, but I made the right decision to start trading on this paltform on time. However, Dogecoin is the largest of all by market cap. Note that an overnight financing fee is charged at 00:00 UTC if a position is carried into a new trading day. These contracts have predefined expiration dates, and traders can take long buy and short sell positions depending on their price predictions. For example, the most important thing is that it is a trading system is one that you are comfortable with. 4️⃣ Fill in your personal billing address information and click ‘Continue’. On PrimeXBT we additionally offer our clients from Thailand, Vietnam and Brazil Money deposits via Local Payment systems. The app is banned from providing services under the laws, regulations, and directives of some countries, including the United States. Taker — a fee that a trader pays when he places a stop or market order that was executed on the market, including instantly executed limit orders. However, if you are a beginner trader and use these features, you can choose PrimeXBT’s demo option. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. 0005 BTC or other crypto equivalent – this is a standard fee to cover your crypto transaction cost. This site is using Cloudflare and adheres to the Google Safe Browsing Program. The signing up process will require you to prove that you are over the age of 18 years old, and from here you just have to provide your email address, create a password and then you’re good to go. In terms of the reviews by other traders, they appear to be quite mixed. Telephone number:010 449 4445. Technical analysis can be a powerful tool. The remaining 99% of the required funds will be made available by your broker as a loan. The Covesting module and the benefits it brings to both novice and professional traders alike, is an experience and value not found anywhere else in the market.

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This is especially true when you take into account the volatility profile of crypto. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. Phase 1 Lucky Draw winners have just been rewarded. PrimeXBT empowers traders to go long or short with leverage. With global markets struggling to resume an uptrend, investors are now seeking alternative ways to get a return on their capital. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. 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. 584 per ADA, with a market cap of $20771315579 USD. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, COMPANY MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH COMPANY IS SUBJECT. It’s a nice running platform, but really not suitable for overnight trading. Via the Main page, users can view. On this page, you can begin choosing what pairs to trade, analyzing/marking out key levels, and placing your orders in the market. The platform specifies a minimum order size of 0. It also has integration with a hardware wallet like Ledger Nano X or S. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. 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. Once you have installed the MetaMask browser plugin, you will see the ‘Connect MetaMask’ option in your ETH, USDT, USDC or COV Wallet. Like Bitcoin and Ethereum, Stellar relies on blockchain to power the network, but the result is a much faster, cheaper solution. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. When trading on low time frames, such knowledge is very important to be successful. You can follow the status of your deposits in your Transfer History. Cash/Fiat deposits from your AdvCash and Perfect Money accounts to your PrimeXBT Wallets are instant. Available trading pairs include COV/ETH, COV/USDT and COV/USDC.

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Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. Traders can speculate on popular cryptos with commissions as low as 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. A similar pattern took place last April/May. Index Trading Platforms. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Volatility measures how dramatically prices move over a period of time. To view or add a comment, sign in. How they were able to determine that eludes me. These products are not suitable for all investors. Once you have learnt about the ropes of the cryptocurrency market, the next step is to open an account on a cryptocurrency exchange platform. Let’s expand our view, let’s see what the long term chart has to say, the perspective widens, it is completely different. To view or add a comment, sign in. This is PrimeXBT’s biggest weakness. Everything we do, from our continuous investment in RandD to the ongoing expansion of our product offering to our clients, is a demonstration of how dynamic PrimeXBT really is.

Most Secure Wallets To Start With

To withdraw Cryptos to an external Crypto wallet, go to the main page,. Cryptocurrency traders and analysts on X positively view the future Ethereum trend. Users are required to verify their accounts to deposit and withdraw Fiat currency. The Hard Fork rolled back Ethereum’s network history to before the so called DAO hack. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. Their initial investment is magnified by the platform, to help them to make larger trades. At PrimeXBT, we’re committed to giving you quick access to multiple markets. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. Bank Transfer Withdrawal Fee. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets.

Web3 Starter

Throughout its website, the broker exhibits useful guides and tutorial videos, and various extensive FAQ sections in its Help Center. Returns or profits may be subject to capital gains tax. For instance, the overnight fee is a percentage of the open trade between 0. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Do not submit petty or hyperbolic meta posts to stir up drama in the community. Direct Crypto deposits to your PrimeXBT Wallets can be done using the following networks. Please refer to the table below for the updated margin requirements for Crypto instruments. The charts are useful in helping traders identify up and down price trends for the assets they’re watching. Derivatives are financial instruments that are designed to track the price of an underlying asset. Sign up is fast, simple, and takes less than one minute. This code can be used to restore 2FA time codes for your account. Score based on genuine user reviews and opinions about the crypto exchange. If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Specifically, the price for each of these instruments is calculated using a weighted average between the 1st and 2nd month Future Contracts. In simple terms, you may wish to buy $100 worth of an asset but only have $10. Users also have access to the Help Center, which features a comprehensive FAQ section. It is also worth noting that the maker and taker fees are set to a good range for PrimeXBT Crypto Futures, as well. COV utility token is the backbone of the Covesting ecosystem, offering unique incentive schemes for investors and traders. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Ask price is generally higher than the Bid price, and the difference between these 2 factors is the Spread. They include information such as how to place trades, set up stop losses and protection orders, funding your account and safely using leverage. Why It Is Popular: XRP is a popular cryptocurrency due to how strong its breakout has been in the past. Facebook is also used by the platform to share market news and cryptocurrency updates with its community.