PrimeXBT Review 2025: Complete Exchange Overview

For instance, funding fees for BTC on Binance and Bybit were both 0. Ethereum is much like many other cryptocurrencies, which is extraordinarily volatile. Cryptocurrency trading has become highly popular over the past year. PrimeXBT users can buy, exchange, and transfer Crypto via the Main page,. The Covesting feature is particularly beneficial for those who may not have the time or expertise to trade actively. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. However, the lack of regulation should be considered as a potential risk. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. By entering these promo codes in the designated section of your PrimeXBT account, you can unlock exclusive deals to enhance your trading experience. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Northern Mariana Islands. 2024 00343, having its registered office address at PKF Corporate Services Ltd. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. If you are a cautious trader, you might want to choose an order type that will enable you to limit losses. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. The maximum deposit bonus you can get is 1 BTC that you can use for trading on the platform. 42% increase since 2014 highs until today. But there is a way you can control a larger trade with less capital, keep reading to find out how. Exchange one Crypto for another via your PrimeXBT www.primexbtnew.com forex account. Keep track of the tournaments you are participating in and see details of past tournaments on the My Tournaments page. The pleasant thing about PrimeXBT is that there are no deposit fees. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. Here’s what’s new in 4. This essentially ensures that SEC can not appeal the initial July 13th decision made by U. With a strategic approach and a dash of patience, Ethereum has the potential to be the spark that ignites your financial future. These products are not suitable for all investors. There are several that are online and cold storage. We’re thrilled to hear that you’re impressed with the precision, tight spreads, and ultra fast execution on PrimeXBT. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. A $100 trade multiplied by 100 would result in a $10,000 trade in US dollars.

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While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. PrimeXBT adjusts leverage limits based on market exposure. This means that POL ex MATIC token holders can vote on protocol upgrades, changes to the ecosystem, and key governance decisions. The coin was initially meant to be a joke because the inventors, Billy Markus and Jackson Palmer, were trying to mimic Bitcoin. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. Once you have registered for a new account, you will need to enter the promo code during the sign up process, before making an initial deposit. It appears they sustain their business by taking from their clients. Activating these bonuses is simple: just copy the promo code, log in to your PrimeXBT account, and enter the code in the “Promo Codes” section to apply it instantly to your account. In the next section of this PrimeXBT review, we will look at the key features of the platform. Her answers were timely and well informed. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. PrimeXBT supports the withdrawal of crypto to fiat currencies, including USD. Slippage can occur for a number of reasons. 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. BTC/USDT 1:200%LTC/USDT 1:150%ETH/USDT 1:200%DOT/USDT — 1:50%UNI/USDT — 1:75%. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. As a result, I found that PrimeXBT’s educational content lacks coherence, structure, and objectivity. This was indeed also our experience. PrimeXBT delivered a seamless trading experience. Paybis: Bitcoin Wallet, Crypto. Scan the QR code with your device’s camera and get APK file. Trading cryptocurrencies can be highly risky, but it can also be lucrative. Best regards,The PrimeXBT Team. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This could mean a bigger trade, a tighter margin, bigger leverage, or some other move that is fueled by greed and deviates from the plan.

Ring in 2024 with a special holiday deposit bonus from PrimeXBT

For example, a position is so underwater that all available maintenance margin is gone, and although the broker began a liquidation process to fulfill any open contracts, with slippage and fees the account balance can become negative. Via the Main page, users can view. PrimeXBT is an acceptable choice for day traders. Access your PrimeXBT account by entering your credentials on the platform. Further in this article, we will take a closer look at each exchange individually, but first, we will give you an overview of our findings by comparing PrimeXBT versus Bybit. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. The order books are clean, and a customizable experience on both platforms helps traders set their trading stations the way they like. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Anti money laundering measures, adherence to federal regulations and keeping up with the evolving international guidelines regarding these issues, ensures that the crypto industry continues unencumbered. Cardano distinguishes itself further by employing the Ouroboros proof of stake PoS consensus process. It depends on what you mean by anonymous. 0 standard lot buy/sell position in the EUR/USD, at the average spread and holding it for seven nights in the PrimeXBT account will cost the following. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Instead of having a predefined amount of funds for margin, which may close your trade if exhausted, your entire account balance can be used as margin. It truly elevates the overall user experience. Additionally, POL ex MATIC’s value is boosted by its role in enabling fast, cost efficient transactions on the Ether network, making it a critical component of blockchain scalability​. Markets in this article. Here’s our detailed analysis of the futures trading experience. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. However, PrimeXBT does not offer any lower risk securities, such as ETFs and bonds. AND paid just 0,01% for that LOL. As a user interested in trading with PrimeXBT, you need to be aware that there are only seven crypto trading pairs.

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These projections reflect varying market sentiments and potential regulations on the cryptocurrency market. This is usually expressed as a ratio, which is the rate at which you can take on debt. Besides my profit, the exchange charged an extra £29 in fees. The ongoing lawsuit between Ripple and the SEC remains a critical determinant, with a potential resolution likely to significantly impact XRP’s value. Scalability and Sustainability: Cardano seeks to address the issues of scalability and sustainability that other blockchain systems, including Bitcoin and Ethereum, are experiencing. Kriptomat is an EU based and licensed exchange and wallet service that offers a simple way to buy, sell and store crypto. However, the broker’s educational content lacks diversity and breadth. The broker keeps client funds in segregated accounts and ensures negative balance protection. This could lead to significant potential losses if the market moves against their position. If you have any further questions or require assistance, please don’t hesitate to reach out to us. AltSignals is considered one of the best Crypto trading signals providers with fifty thousand members on their free channel and over one thousand VIP members. Returns or profits may be subject to capital gains tax. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. Leveraged trading allows you to trade and profit with volumes much larger than you would be able to if using only your personal funds. Speedy execution and high leverage benefit traders across crypto, forex, and commodities markets. Dear Iker,Thank you for your detailed review. An update dubbed EIP 1559 should theoretically cause ETH supply to be much scarcer over time. Account Balance and Trading Limits. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. $67,000/200 = $335 0,005 BTC. Many of the solutions hosted on Ethereum are cryptocurrency market related, including cryptocurrency exchanges, wallets, crypto funded loans and NFT marketplaces. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. Increasing your withdrawal limits requires completing the account verification process. 05% trading fee for Crypto CFDs. This limited selection of crypto trading options is uncommon, as most digital exchanges offer users a wider range of assets to trade. Investors everywhere seek to cash in on the excessive volatility of digital coins and assets despite the proportionately high risk they involve. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. Withdrawal Crypto and fiat.

PrimeXBT vs Bybit: Security

From the start, users have had the power to vote on key decisions, such as protocol upgrades and network features. 2 of PrimeXBT’s Terms and Conditions. We are committed to providing a trustworthy and secure trading environment, and we’re glad that you’ve noticed the quick and safe processing of payments. Now let’s swing over to the PrimeXBT trading interface. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. The core of any online service would have to be the customer support that you can expect to receive once you have signed up. Trade fee is incurred each time you buy or sell assets on the market i. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. PrimeXBT offers discounts to high volume traders but lacks algorithmic trading support. Frequently used modules like the order book, pending orders, and multi chart windows can be configured however you want. If Bitcoin can replace the dollar as the global reserve currency, its potential as an investment has barely begun. When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. The following data may be collected and linked to your identity. Consider a scenario where a trader utilizes a stop loss order to protect their investment in a highly volatile stock. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. However, there are some regions where PrimeXBT does not accept users, including. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. This means you do not have to be sitting there watching the market the entire time. To date, Bitmex has been the ‘go to’ crypto trading platform to trade Bitcoin with high leverage, as one of the the only viable providers in the space to offer as much leverage as 100x. Keep an eye on these platforms for special promotions and bonus codes. By offering unmatched security, compliance, and a wide array of services, CEX. PrimeXBT’s bonus can be used across various trading pairs, including cryptocurrencies, forex, commodities, and indices. 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.

Is It Possible To Use Leverage or Margin Trading on PrimeXBT?

Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. Already using MetaTrader 4 or MetaTrader 5 with another broker. Moreover, they refrain from marketing their services in the EU/EEA or the UK. A no KYC crypto exchange is a platform that does not require users to complete a “Know Your Customer” KYC identity verification process before they can trade or access the platform’s services. 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. This will act as a guarantee that you can buy the cryptocurrency at the price you are placing your bet on. Two factor authentication can prevent even an unwanted user that gained access to a username or password from ever taking any funds. It has bulletproof security and legendary customer support, with real support agents standing by 24/7 to answer any questions. Below are a few more things to consider. To trade with margin, users must fund their trading account after making a deposit to begin trading. This website is owned by PrimeXBT PTY LTD. There are also a plethora of technical studies and indicators that can be used. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Some Crypto altcoins are also arguably considered centralised, and the argument rages on today not only within the Cryptocurrency community itself but with the SEC.

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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. At PrimeXBT, we are committed to ensuring our trading environment stays aligned with the evolving market. The platform also has a mobile app. Account verification is completed upon Depositing Cash. This causes a slight delay in funds being available in the account. Traders who predominantly trade tech stocks, for example, could be exposed to risks associated with the technology sector. We may receive a commission for purchases made through these links. 07:00 am to 16:00 pm UTC. Don’t miss our future updates. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. For example, the peak price of the asset reached a maximum of $200 within the pattern, while the deepest swing low hit a price of $185. Margin accounts simplify the process of “shorting” an asset, as there is no need to go out and borrow it first. The EUR/USD pair is a popular currency pair to trade in the. Once the trial will face its end, it has immense potential to alter the regulatory landscape for the entire Cryptocurrency industry. This is because PrimeXBT does not have knowledge of your transactions on other exchanges, platforms, or from your self custody wallets. Please do not use this website as investment advice, financial advice or legal advice, and each individual’s needs may vary from that of the author. You slowly end up losing money. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Please note that all bonus campaigns, promotions, or contests will be issued only from official PrimeXBT accounts such as the @PrimeXBT Twitter account or via our Medium blog. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Though CFDs are preferable tradeable instruments for some traders. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. If the app is unavailable in your region, you can still access it through direct download from our site. Margin trading isn’t only available for the more traditional asset classes, but for cryptocurrencies as well. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Profit from the markets by following the experts. You will not benefit from the protections available to clients receiving regulated investment services. A trading day refers to a 24 hour period in which the markets are open for trading, which can vary by market and location.

Day Traders: Acceptable choice

For example, if you are able to buy $10 for every $1 used as margin, the leverage is 1:10 for that transaction. Dear Farrukh,Thank you for sharing your experience with our reward system. Overall, I rank PrimeXBT in the middle of the pack. USD, GBP, EUR, CNY and 46 others. The ADA coin value has tended to track the cryptocurrency market, rising in the late 2017 and early 2021 rallies, and losing value during broader sell offs. KYC is optional on PrimeXBT. It’s important to note that withdrawal times can vary depending on network conditions and the specific cryptocurrency being withdrawn. At one point, the coin had gained an outstanding 46,000,000%. It’s one thing to learn on your own but if you can learn through watching others, that might help solidify your trading knowledge. This feature is appealing to users who prioritize privacy and wish to trade anonymously. The amount of ETH held on exchanges has fallen, suggesting many are willing to hold onto Ethereum. 0005 BTC for BTC withdrawals, 0. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. DigitalCoinPrice came up with a long term Dogecoin prediction that provided an average of $0. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. For instance, China banned cryptocurrency activities in 2021, making these digital assets illegal in the country. Hello Emre,Thank you for sharing your amazing feedback about PrimeXBT. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. It has built a solid reputation for reliability, security, and advanced trading features, especially around futures trading. The support team strives to address user queries and concerns promptly, ensuring a positive customer experience. FXCC FX Central Clearing Ltd is a well established forex and CFD broker known for offering a trans. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses.

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Due to Summer bank holidays in the UK, market hours will change temporarily from August 23rd until August 27th, 2024. We appreciate your feedback on adding more features for analysis. PrimeXBT Trading Services, S. Yet, where does copy trading fit in this complex equation. No CFD trading fees, but watch out for spreads, commissions, and swaps. This is what is known as the over the counter, or OTC market. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. We wish you the best of luck in your endeavors to capitalize on the market. To trade with margin, users must fund their margin account after making a deposit to begin trading. Returns or profits may be subject to capital gains tax. Once your account is set up, share your unique referral link with friends and family to invite them to the platform.

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Bitcoin Cash and Bitcoin Gold, and ‘Halving Events’, which occur approximately every four years. You can open an account and start trading with just your email address. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. The Olympics are here and PrimeXBT is giving 10 traders a total of 5,000 USDT during its Olympic Demo Trading. An AMM is an algorithm that calculates prices according to market supply and demand. The effort of sifting through and finding the right one can be a daunting task. Mirror trading is done through platforms that provide investors access to a diverse range of traders, allowing them to evaluate and assess their trading strategies and performance. These assets are still several years away from becoming reliable stores of value, and still are too volatile for savings or spending. In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. The bonus will be applied to your account automatically. Brief Price History: Binance Coin first traded at under $1, but at the peak of the bull market in 2017 reached $16 per BNB. ” The same applies to withdrawal fees, where PrimeXBT notes that fees are currency dependent and fixed. 35350, protecting your account but locking in losses. Liquidity risk usually arises when trading with illiquid instruments, such as exotic Forex pairs, exotic cryptocurrencies, or low cap stocks. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. While such high leverage amplifies potential profits, it also heightens risks. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book.

Trading Fees:

Lastly, you can’t rearrange or resize modules on the desktop platform. During my PrimeXBT review, traders were offered a well structured reward program worth $5,000+ for achieving trading milestones. These fees apply for positions held open overnight. Pearce is responsible for all areas of the group and its portfolio companies. There was a move above the $0. In February, the price ticked up just a bit to $0. Commodity trading is the exchange of money for raw materials or vice versa. Receive the latest news and stay informed. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. So, if you’re not sure what a ‘bull market’ is or how to read those confusing charts, PrimeXBT has your back. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. PrimeXBT deposit methods unlock a world of flexibility as you manage your funds effortlessly. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. This site contains affiliate links to products/services. Essentially make back my 500 USD. But, the platform focuses on major assets, ensuring trading is liquid and stable. Next, we will explore the impact of PrimeXBT’s user base on the cryptocurrency trading market. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. To get started, you will first need to choose a reliable VPN provider.

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However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. With its global reach, it’s available in over 150 countries. These include things such as the colours, grids and spacing. Cold storage refers to storing digital assets offline, ensuring they are secure from cyber threats. Here’s how to join PrimeXBT. Some popular strategies include Scalping, where traders make numerous trades to profit from small price changes; Swing Trading, which aims to capitalize on volatility over several days or weeks; and Algorithmic Trading, using complex algorithms to automate trading decisions based on multiple data points. 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. Key factors that influence this performance include execution efficiency and order fulfillment, leverage and margin capabilities, and the unique feature of copy trading, part of the Covesting module. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. During uptrends, traders and investors become bullish and price moves sharply higher. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. جميع الحقوق محفوظه 2016. 5 BTC and 1 BTC will allow you to keep more and more profits. This platform offers leverage trading up to 100x, enabling me to amplify my trades significantly more than on many other exchanges. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Yohanes Sirilus Bhaha, O. Scan this code to download app. Crosses include AUD/JPY, EUR/GBP, and GBP/JPY, with exotics including USD/THB and USD/MXN. I went to bed and woke up to the trade up 277% about $14 profit. Convenient broker for trading crypto and forex pairs. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges.