Is PrimeXBT Scam or Safe: Key Points

Information regarding past performance is not a reliable indicator of future performance. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. Most analysts believe that XLM will be worth more, perhaps double what it is presently, but it also has a long way to go before proving itself to be bullish and off to attract a lot of inflow. Coinbase is well regulated, compliant, and easy to use, citizens and residents of any country can use it. With flexible deposit and withdrawal options and speedy payments, it’s zero risk to start earning. Leveraged trading allows you to magnify your potential profits when the market goes in your favor. The app supports Face ID and Touch ID for secure and convenient login, enhancing the overall user experience. Amid these shifts, BlockDAG emerges as a standout player with its innovative X1 Miner App and remarkable presale success. PrimeXBT offers four types of orders: Market, Limit, Stop, and OCO. In the 2018 bear market, the price of BTC retraced another 50% to hit its cycle bottom of $3,100 around a month after that particularly large inflow. Each type of fee has its own structure and calculation method. For several months now, PrimeXBT’s iOS user base has had the luxury of utilizing a native smartphone application to access the platform and award winning trading tools. These products are not suitable for all investors. If you do not see this then it means that you could be on a phishing site and should leave immediately. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. Related: Bitcoin Halving Shedule.

Chainlink Price Prediction: A Technical Outlook

Bonuses for traded volume in margin cryptocurrency trading. Go to Settings > Security and enable Install from Unknown Sources if prompted. When the date of fulfilling the obligations is arrived at, you will agree to sell your contract at a lower price. To register on PrimeXBT, you need an email address and a password. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. Users can trade long or short to enhance earnings through rising and falling markets. We cover Bybit’s products in more detail in our Bybit review, but to provide a high level of the most prominent features, here is what Bybit has to offer. For users who https://primexbt-trading.com/copy-trading/ do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Advanced trading concepts can be confusing for beginners. The biggest strength for PrimeXBT is that it offers multiple different asset classes for traders with deep liquidity and a high performance trading/matching engine for a flawless trading experience. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Copyright © 2025 EA Trading Academy. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. They use leading tech to analyze text quality and to detect plagiarism and generative AI. This platform enables traders to control larger positions than their initial capital would typically allow, potentially leading to increased returns on investment. PrimeXBT is an acceptable choice for day traders.

PrimeXBT Copy Trading

Regulated by the authorities in Cyprus. Returns or profits may be subject to capital gains tax. If your chosen strategy loses money, you will also lose money along with it. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Virtual Assets are high risk products, highly volatile, with fluctuating values. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. Additionally, withdrawals to a bank card come with a hefty 5% fee. In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks DDoS. For example, withdrawing Bitcoin may incur a fee of 0. This method uses the full amount of funds in a trader’s available balance of a given cryptocurrency to avoid liquidations on positions with the same settlement crypto. On the other hand, the broker does not impose any non trading fees. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. Author: Eduardo Montero. Date of experience: October 07, 2024. There is also a system of bonuses and additional passive earnings. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. Receive the latest news and stay informed. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Bitcoin has a margin requirement of 1% 1:100 leverage. These include all of the momentum indicators as well as relative strength and volume based studies. The opinions expressed here are the author’s alone. Conversely, experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. But does this make OKX a better choice. New User Sign Up Bonus Links:ByBit and PrimeXBT. PrimeXBT clients can trade in cryptocurrencies 24/7, as the markets do not close, although it should be noted that overnight swaps will still be charged for positions held open past 23:59 UTC. Don’t worry, we don’t spam.

CoinDCX

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Add funds to your account by selecting your preferred payment method. PrimeXBT is more of a traditional brokerage that also offers crypto trading, as opposed to Bybit, whose sole focus is crypto trading. There he was awarded with the prestigious Arthur Ashe Student Athlete award. ProBit is a centralized crypto exchange with more than 400 cryptocurrencies available to buy, sell, and trade. Compliance with these regulations often means the platform takes security seriously. Here are 8 tips for writing great reviews. PrimeXBT actually lets you buy cryptocurrencies outright. Looking back at Bitcoin’s previous 4 year cycle, we can see that it initially experienced a relatively modest upward move, followed by a challenging and prolonged drawdown period before the halving event. Each method has its own advantages and processing times.

Does PrimeXBT operate as a bank?

Click Download and confirm the file download if you see a warning. No, only one bonus can be applied per transaction on PrimeXBT. PrimeXBT platform interface consists of 5 main sections. PrimeXBT handles withdrawals in a structured way to ensure efficiency. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Dean register now has an economics and startup background which led him to create Bitcompare. It makes the overall cooperation quite pleasant, as for me. Have you used Prime XBT Yourself. Click Download and confirm the file download if you see a warning. Crypto: BTC, ETH, DOGE, BNB, ADA, MATIC, AVAX, FIL, LINK, XLM, XRP, SOL, LTC, ATOM, MANA, TRX, UNI, EGLD, KLAY, NEAR, AXS, FTM, ICP, ALGO, EOS, THETA, SAND, VET, XMR, XTZ. You can open an account and start trading with just your email address. Recently, open interest in Bitcoin Futures reached a record high of $40. Choose PrimeXBT for a versatile and user friendly payment experience. It’s possible, and some of our previously mentioned analysts do expect the market to break above $1. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 90 cryptocurrencies.

Bot, Social and Copy Traders: Perfect Match

Standard order types such as market, limit, stop loss, and OCO can be applied to your short or long positions. 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. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately. 💸 Enjoy copy trading, powerful analytics, real time news, forecasts, and trading signals. Visit the fees section at PrimeXBT to confirm the exact fees on the day. That is because to a brand new crypto user who has never traded before, neither Bybit nor PrimeXBT would seem very user friendly at all. Here’s an overview of the different account tiers and their associated benefits. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Bitcoin and many other cryptocurrencies are decentralized, digital assets that act as a transfer of value, store of wealth, or as a payment currency. PrimeXBT 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. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. These products are not suitable for all investors. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. Its security measures are top notch, offering traders peace of mind when it comes to the safety of their investments. 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. On the other hand, the broker does not impose any non trading fees. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000.

Risk warning

According to the FCA, mirror trading fits within MiFID’s definition of portfolio management. $20,000 or equivalent for unverified users. The platform empowers users across all skill levels to maximise their potential for profits. The best answer to this is also the most straight forward. These services are governed by the legal terms and conditions of PXBT. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. A crypto exchange is a platform that enables users to buy, sell, and trade cryptocurrencies. Completing the verification process involves submitting personal information and documentation. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. PrimeXBT has an advanced trading system and displays efficient tools for analyses, this is really helpful for trading. PrimeXBT supports several cryptocurrencies, including Bitcoin BTC, Ethereum ETH, and other popular digital assets. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. It is not something that you have to do, just something that you are able to do should you choose to. TRXUSD is testing the 5 month Resistance following the December/ June aggressive rise. The broker also offers crypto futures on its other trading account. This causes a slight delay in funds being available in the account.

Casual Traders: Not Recommended

Make sure to label the API key appropriately and restrict its permissions to only what is necessary for the bot’s functionality. We have seen this happen during year end rallies over the past few years. Dear Luis,We’re glad to hear that you’ve found the PrimeXBT trading platform convenient and easy to adapt to, and that it has enhanced your trading skills. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. All crypto options provided by primexbt are very exciting, for instance, the Bitcon crypto futures. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Any position closed before 00:00 UTC will not be subject to overnight financing. Open the downloaded file and tap Install to complete the installation. 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. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Traders don’t have to choose what to invest in or even to trade solely and can instead build a diverse trading portfolio that includes both Bitcoin and Ripple. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Com, Kraken, or Binance. These fees can impact the overall cost of trading and are an important factor to consider when planning your transactions. Many countries may trade on the Exchange, except those that are prohibited or unrecognized jurisdictions. Although the same terms are also prominent in stock market options trading. Step 4: Confirm the Transaction. When it comes to security, PrimeXBT does not compromise. As is the case with any exchange, there is always a possibility of hacks. Some products and/or services might not be covered by the Compensation Fund. GBP/USD has a sell price of 1. Traders simply buy or sell and set orders while we do the rest.

FrancoPereira

While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. This code can be used to restore 2FA time codes for your account. To celebrate our recent revamp, we’re excited to announce our exclusive Revamp 2024 Trading Contest. Unlimited via Perfect Money. Io, in my opinion, is the leader in crypto copy trading. The car manufacturer received close to $950M in exchange. What Makes EUR/USD the Most Traded Currency Pair. 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. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. The Earn platform on Bybit is a great place to help users grow their crypto holdings in an easy and secure manner. 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. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. It will be distributed to eligible clients during the promotional period, and you will receive an email notification once the funds are credited. We appreciate your feedback on the educational content; we’re always looking to improve and expand our resources to better support our users. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Trading and investing in digital assets is highly speculative and comes with many risks. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Bitcoin has only a supply of 21 million BTC while the XRP supply is 100 billion. Cardano’s Monumental Shift: Chang Hardfork and Plutus V3 Upgrade. This site contains affiliate links to products/services. The technical specifications of this network will include security, performance and consensus.

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I was like, its over dudes, need to short. You can build out your own workspaces that you can access at the top of the platform. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction,. Also linking to articles containing referral links is not allowed. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. This is very low, especially when compared to other exchanges. Returns or profits may be subject to capital gains tax. Most retail traders will have to access the currency markets via a broker, as the size necessary to trade with the major banks is far out of the reach of almost all retail traders. High roller discounts are available for institutional traders and those who trade more than 300+ BTC worth of volume in 30 days. We believe in doing things the right way. Scan the QR code with your device’s camera and get APK file. 05% commission applied to the raw spread. $2,000 by bank card. Here’s our detailed analysis of the futures trading experience. It’s one thing to learn on your own but if you can learn through watching others, that might help solidify your trading knowledge. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdictions in which You may be liable to pay tax.

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Despite hotter than expected inflation for the previous two months, the Fed still signaled three rate cuts this year. They have provided a number of accounts and each of these will be relative to your own personal needs. This article provides a comprehensive overview of the payment fees on PrimeXBT, tailored for both newcomers and seasoned traders. 06%, positioning it 14 in the ranking among all cryptocurrencies with a daily volume of $ 558,035,865. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. 02 by the end of 2024 and $1. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. Best regards,The PrimeXBT Team. This website products and services are provided by PrimeXBT Trading Services LLC. If you ever have more feedback or need assistance, we’re here to help. Insurance coverage:Some U. Analyse the markets with powerful charting, to make more informed trades. Commodities: Brent, Crude, Natural gas, Gold, Silver. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. I ain’t got hiccups with the number of payment means but faced a sudden delay during depositing. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. That’s why we’re offering a 14% Deposit Bonus for new traders this Valentine’s, valid for up to. In copy trading, market risk is the risk of changing prices in Forex, stocks, interest rates, and other assets that can negatively impact your copied trades. Enhanced liquidity: As ETFs gain popularity, the trading volume of Ethereum is likely to increase. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Here’s the full list of supported options. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. This means that all communication that you send the exchange will be encrypted and make it hard for any malicious actors to intercept it.

Sin categoría

PrimeXBT 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. If I had to give an edge here after using both platforms, I would have to say I prefer Bybit as the trading interface. PrimeXBT’s bonus can be used across various trading pairs, including cryptocurrencies, forex, commodities, and indices. A lot depends on the advancement of banking and their use of Cryptocurrency. This Week’s Summary The crypto market ends the week at a total market capitalization of $2,67 trillion. To make a market order, just click ‘market’; the leverage will be already set to 100x; you need to now set the quantity you wish to trade. Past Performance and Materials: Past performance is not a reliable indicator of future results. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. It is best to check the platform’s trading conditions for the most accurate and up to date information on spreads. I like the trading environment at PrimeXBT as it delivers a quality niche offering for Forex and cryptocurrency traders. The smart contract allows various agreements without counterparty risk, unlike the traditional banking system. 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. Two provide forex and CFD services, and the third is licensed and regulated as a crypto wallet. They have a long standing sterling and trusted reputation within the crypto community, and offer one of the most solid and high performance trading engines in the crypto space. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. Date of experience: December 18, 2023. Copy your unique referral link from the ‘Referral program’ section. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. I closes the position and take the profit. Funding rates are adjusted every eight hours to offer the best possible opportunities to every trader. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. On PrimeXBT, trading fees are typically divided into two categories: maker fees and taker fees.

TABLE OF CONTENTS

Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Essentially, it enables users to browse and instantly copy their trading behavior through hundreds of trading strategies offered by the other traders, achieving the same returns as the leading traders on the platform. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Generally, the more payment methods a platform offers, the more convenient and accessible it becomes for a wider range of users. Exchange your Crypto for Fiat currency and withdraw it to your bank account. Industry trends, competition, and analyst recommendations further sway investor perceptions. ❌Cons of using KuCoin. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. Your email address will not be published. In dynamic markets, where trends can reverse unexpectedly, the trailing stop order shines. Getting started with crypto can be hard. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Leverage can lead to leveraged positions being completely liquidated if the market moves against your position. Also cross margin is more appropriate for experienced traders that monitor markets a bit closer and have the skills to perform fundamental and technical analysis. 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. 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. Yes, as the DOT price is highly volatile. He destiny of Bitcoin Cash is intriguing since it was intended to be the improved version of Bitcoin, addressing its currency related limitations. By deciding to host a masternode, the network will pay you a certain number of coins of that cryptocurrency, however, to host a masternode you are often required to be holding a substantial amount of the cryptocurrency to even be considered. Here is a look at the Bybit trading interface. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account.

Worse

The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. The Changelly widget deposit process comes down to. Copytrading service deserves special attention. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. The complex interface is unsuitable for inexperienced traders. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. 68B XLM out of max supply of 50. Some features and services may vary depending on where you reside. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. Users who come up with innovative solutions for issues in the network are awarded with up to 2 million XLM.