PrimeXBT Reviews

This is the same with other tools that the company offers, as was covered in our PrimeXBT review. We are happy to announce an improvement in margin requirements. While the lack of regulation and limited cryptocurrency pairs are drawbacks for some, PrimeXBT still delivers a compelling trading experience. XLM was one of the worst performing altcoins from the top ten by market cap during the recent bear market and crypto winter, resulting in an over 90% fall from all time high prices set back in 2018. Account balance represents the funds that remain from account equity when you subtract the PL Profit/Loss and the margin used for open trades. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. The higher leverage rates are only available for smaller trade sizes, and the maximum leverage is reduced as trade size increases. Here we will talk about their differences so you can decide which one is better for your needs. This can be a concern for users seeking platforms with strong regulatory compliance. To protect your account, please change your password at this link: and enable 2FA. Our 24/7 support team here to helpLive chat. This is very low, especially when compared to other exchanges. While the apps may not satisfy power users, they offer a convenient way to stay connected from anywhere when away from your desktop. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. AUD/JPY is Australian Dollar traded against the Japanese Yen. PrimeXBT has most of the standard order types as well as some protection orders. I don’t know of too many platforms that offer a robust plethora of tradeable instruments like PrimeXBT. 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.

PrimeXBT CEO Ethics

Binance vs Prime XBT Cryptocurrency Exchange Comparison

You place your trade above or below the current price and then wait for it to get triggered. Bybit’s “Launchpool” allows you to participate in new project token offerings, while PrimeXBT’s “Earn” section lets you generate passive income on your crypto holdings. ASK quotes are higher than BID quotes by the amount of the Spread. Thus, buying Bitcoins online is now simple and relatively straightforward with there being a number of different ways to do it. But the good thing is, this 100x leverage is available on all the pairs, unlike Binance pairs, where the leverage is limited. Returns or profits may be subject to capital gains tax. In 2025, there are some who are now calling for $2, while at the same time there are people suggesting that $5 is more likely. Io is a fintech/software development company that offers a comprehensive suite of investing and trading products, and is a partner of PrimeXBT. Margin accounts simplify the process of “shorting” an asset, as there is no need to go out and borrow it first. Plus it’s important to remember that PrimeXBT is still a relatively new crypto trading platform and so it could upgrade how it is regulated soon. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. But, if you are a trader who knows how margin works, you could open a position of 20 BTC, for example. PrimeXBT is my go to platform for crypto trading. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. If negative balance exceeds Bonus due to trading losses and/or fees and commissions paid, the Bonus is considered to be spent. Takers, on the other hand, remove liquidity by matching with existing orders. Tired of staring endlessly at charts trying to find profitable trades. Crypto Futures: Users can trade perpetual contracts via the Crypto Futures platform. Required fields are marked. 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. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500.

What Is PrimeXBT CEO and How Does It Work?

Deposit and Withdrawal Options

This is to protect your account in the event of a wrong prediction on price movement. All of PrimeXBT टीम this is done without input from the trader. However, the exact volume and liquidity rankings for PrimeXBT might not match those of Kraken. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. To fund a Margin Account. Terms and Conditions. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. As expected, Best Crypto Signals gives you an entry level, profit target and stop loss level. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. Leverage is a multiplier or an amplifier. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500.

Open The Gates For PrimeXBT CEO By Using These Simple Tips

Features

It’s not uncommon to see cryptocurrencies rise and fall as much as 20% in a single day or from week to week. The feature allows platform users to browse through hundreds of trading strategies provided by other professional traders and ranked by profitability by PrimeXBT. Each Reward is subject to a unique set of rules and conditions. Injective Protocol INJ. PrimeXBT empowers traders to go long or short with leverage. You decide to trade two standard lots. Forex pairs can be categorized into four different types. As with all exchanges, it’s advisable to withdraw most funds off the platform into private wallets under your control to mitigate security and regulatory risks. Traders can visit the Positions tab to manage their portfolio and view the PnL on each individual position and trading pair. OKX, on the other hand, uses a tiered fee system and employs various security measures such as cold storage, multisig authorization, and an offline computer for private key encryption, among others. While the CFD model of trading isn’t for everyone, we felt that it offered us a fast and easy way to speculate on the price movements of our favorite cryptos. Click the ‘Continue’ button to return to your PrimeXBT currency Wallet where the deposited funds will be reflected. At Cryptonews, we aim to provide a comprehensive and objective perspective on the cryptocurrency market, empowering our readers to make informed decisions in this ever evolving landscape. To withdraw Fiat currency USD, go to the Main page. PrimeXBT is a trading platform, offering a ‘one stop shop’ solution with numerous products and services combined in a single account with an intuitive and user friendly interface. Users can view a detailed breakdown of fees associated with using the platform. When trading on low time frames, such knowledge is very important to be successful. In this case, if your TP/Limit buy order was NOT executed, this means that the ASK price of the asset has NOT reached the price specified in your order. Modify position set Stop Loss and/or Take Profit protection orders. How can I get profit from it on daily basis. Select additional content. The exchange stands out by offering social copy trading and up to 100x leverage across a variety of assets. MexC, a Seychelles based digital asset exchange, offers no KYC services with certain limitations.

PrimeXBT CEO Hopes and Dreams

Fact checking Standards

Let’s say you’ve defined a trend following trading strategy in your trading plan. Most traders will be looking at a longer holding period than just 2 years to make significant profits. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. Prime Technology Ltd is PrimeXBT’s Technology Provider. Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. Under “Account” in the main menu, go to Deposit section, where you will be provided with a Bitcoin wallet address. It is essential to comprehend the nuances of margin trading before putting any trading capital at risk. Prime Technology Ltd is PrimeXBT’s Technology Provider. Beware of their practices that seem to hinder profitability, and consider alternative brokers for a more transparent and reliable trading experience. Traders with their own funds will both receive more capital from investors and gain a percentage of the extra profits. Learn About Our Expert Contributors and Analysts. Attach Take Profit and Stop Loss to any order send. PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. The fact that you can deposit funds through a single BTC transaction and that you can position trades right after without KYC requirements may not be to the liking of some, but it surely saves time and patience for many traders who want to experience a simple service and are focused solely on making a profit. Between these two, if you aren’t interested in trading multiple asset classes on one platform, then Bybit is head and shoulders above PrimeXBT. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. For this example, we will be making a Bitcoin deposit. AVAX is the native token of the Avalanche platform and is used to secure the network through staking, pay for fees, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. If you submit your withdrawal request before 12:00 UTC, it is typically processed on the same day. 0% for Forex, Indices and Commodities. It operates as a Seychelles International Business Company IBC under the company name PrimeXBT Trading Services. 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. Overall, PrimeXBT offers a decent product range and ranks well with Kraken and Binance. Confirming the activation of a second campaign of the same type will automatically REMOVE the previous campaign and any associated active bonuses and/or Rewards. For users who do not pre own PrimeXBT Crypto, PrimeXBT allows users to acquire Crypto with credit/debit cards, SEPA transfers, and through Coinify. The preview version of the platform is incredibly similar to the real version. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Here, users can also modify orders with a stop loss or take profit level, or close out their positions. It is a wide ranging company that aims to welcome traders from all walks of life, who may all have different goals in mind.

4 Ways You Can Grow Your Creativity Using PrimeXBT CEO

How long does a deposit take?

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Make sure that the quantity is correct and that the liquidation price is a level that you are comfortable with. In this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT, you will learn EXACTLY how to trade Bitcoin, Altcoins, and numerous Crypto derivatives on the PrimeXBT platform. Larger positions will require more margin and hence reduce exposure – and subsequently broader risk. 0005 BTC or equivalent. And this is something that everyone using online services needs to understand and accept. Best Mobile Trading App. 1% for spot trading and 0. That’s why you should consider the risks before you start working on our crypto copy trading platform.

Finding Customers With PrimeXBT CEO

Copy expert traders

Daily operations are run from Amsterdam. » All PrimeXBT alternatives. You might also like: PrimeXBT Demo Account. Thank you for choosing PrimeXBT. There is no minimum or maximum withdrawal amount required. In order to trade Bitcoin with leverage, you need to setup a PrimeXBT margin trading account and then internally tranfer funds from your PrimeXBT wallet to your margin account. The verification process requires users to provide PrimeXBT with their full name, country, gender, a photo of passport/government issued ID, and even a selfie with the passport. Inexperienced investors sometimes risk losing all of their money, especially if they do not understand how to appropriately use this tool. Always do your research before investing, and be prepared for potential losses. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. Certain forex markets can go as high as 1,000:1. And it doesn’t matter if you are working with a person or a company. 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. As with any market order, Slippage may occur during times of high volatility, when liquidity in order books is insufficient to execute trades at the trigger price Bid/Ask, resulting in a price gap. Pay attention to fees. Not only can users participate in the trading contest set up by PrimeXBT, they can also design their own for the trading community. With both long and short trades, profits and losses will be realised once the position is closed. 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. What’s best is that you can add or withdraw funds at any time so that you aren’t locked in. Let’s check the similarities and differences of each of them. Common examples of the schemes these cyber criminals carry out include fraud, malware, phishing attacks, and impersonating prominent crypto industry figures, celebrities, and even platforms such as PrimeXBT.

The Philosophy Of PrimeXBT CEO

What is the withdrawal fee?

PrimeXBT awards prizes for virtual trading contests. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately. Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. Complete the simple online registration form. If you have spent time trading or reading about Cryptocurrencies, you may have asked yourself, “Should I invest in Cardano. To fill out the box that displays, click on the pair that appears on the left. However, users can also open ETH, USDT, USDC, COV, and USD margin accounts. Please keep in mind that PrimeXBT does not control the markets and all our clients get the same market conditions. Sign up FREE to receive our extended weekly market update and coin analysis report. Compare PrimeXBT with any other broker by selecting the other broker below. Deposits in cash from an online wallet or your bank card. We do cover each of these more in depth in our dedicated PrimeXBT review linked at the beginning of this article if you want a more thorough look. Yes, there are 2 different fees that can be incurred when trading Trade fee and Overnight financing. It is credited to your account as a trading bonus, which can be used to open positions and earn profits.

Option 3: Stop order

More cryptocurrency products are likely to develop as the industry grows acceptance and popularity. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Nonetheless, the final outcome of the SEC vs. Learn more about Baksta’s Legal Terms. News regarding government regulations usually sends the market into turmoil. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. However, it also levies 0. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. There is no minimum deposit to open a PrimeXBT account. 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.

Sarah Chambers

These offers, available for a limited period,. The option to continue on your phone will remain available during the whole verification process and will be indicated as a separate ‘Continue on your phone’ button at the bottom of the page. According to the exchange, it offers ultra fast order execution of <7. That makes RippleNet and XRP Ledger faster at processing transactions than proof of work blockchains like Bitcoin. Dear PimThank you for bringing up your concerns regarding the accessibility of COV Tokens. I saw that PrimeXBT had a 50 percent deposit bonus the first time you deposit, so i thought why not, but my dad was a little bit skeptical of it. This global accessibility allows traders from diverse regions to access PrimeXBT's trading platform and services. Although deposits are received for free, withdrawing BTC from the platform requires a fee of 0. We want to help resolve any misunderstandings and assist you in navigating our platform effectively. Stability: The PrimeXBT platform is reliable, secure and has a 99. The actual PrimeXBT trading platform is easy to use and packed full of enough features to help you make an assured trade. Learn more about Baksta's Legal Terms.

Web3 Explorer

The new, high speed profit generating Turbo instrument joins the platform’s plethora of powerful trading tools, and a wide variety of trading instruments. Transfers between Wallet and Trading account are instant and free. Users must register before making a deposit to trade on the PrimeXBT platform. The good news is that the fees at PrimeXBT are relatively competitive and so you shouldn’t face too many charges when withdrawing anything made from your trades. For example, if you open a Bitcoin position on PrimeXBT using $1000 worth of BTC on 10x leverage, your full position will be worth $10,000. Crypto: Supports Crypto Fiat and Crypto Crypto trading. Clients enjoy the confidence of trading with an award winning brand, committed to security, and benefit from 24/7 support. After the price was gone to 0. Claim up to $7,000 in Bonus. Traders can expect an intuitive user interface that simplifies the trading process, coupled with a wide range of advanced tools to analyze the market and make better financial decisions. PrimeXBT provides their clients availability to trade global markets, including commodities, crypto, forex, and indices. PrimeXBT, on the other hand, although newer and less established than Kraken, offers competitive liquidity. 2134 for GBP/USD, or $9. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders.

Web3 Explorer

👫 Know friends interested in trading. You might think the two platforms are quite similar if you take a glance at both. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. To simplify, let’s say that Bitcoin trades at $50,000. PrimeXBT is an award winning broker and copy trading provider that welcomes traders of all experience levels. Other security measures deployed by the exchange include Cloudfare’s protection against Distributed Denial of Service Attacks DDoS. We appreciate your interest and look forward to serving you in the future. 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. Multi sig authorisation for any movement of funds is a must for both platforms, thereby preventing the “one bad apple” scenario that allows compromisation to occur. PrimeXBT’s security gets significant props for protecting their users’ privacy, too. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. In the high stakes world of crypto futures trading, such measures can be the difference between success and devastating financial consequences. 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. It will be removed from the account, and the account’s Balance will be cleared to 0;10. Additionally, PrimeXBT supports the trading of Crypto BTC trade pairings. Whether you are a trend following trader, day trader, or HODLer, PrimeXBT’s trading platform allows you to seamlessly execute your trading ideas with extremely low fees. BNB is up by 8%, Dogecoin by 19%, and Solana by 12%. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Efficient order execution is a critical aspect of any trading platform. But there are also lots to interest casual traders as well, with trading contests that pay out bonuses as winnings and a simple trading interface that’s easy to get started with. The best known blockchain continues to blossom in popularity with crypto casino users. Disclosure: To ensure our site’s review data always stays free and running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. Cardano’s research driven approach and layered architecture aim to provide a secure and scalable blockchain infrastructure for decentralized applications. As mentioned before, this is not exactly an apples to apples comparison, mainly because these two platforms are aimed at traders with differing interests. Our trade fee is calculated based on the margin impact when the trade is confirmed. It will show up under their respective taps.

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Instead of buying the full value of an asset, you only need to deposit a fraction of it, known as a margin. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. Equity tokens are similar to security tokens because they represent ownership of a real world asset that’s been tokenized onto the blockchain. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This is the risky part of margin trading Bitcoin. They might not have the largest crypto collection, but they don’t reveal the investor’s personal information. Get the weekly summary of crypto market analysis, news, and forecasts. The same is true for withdrawals – users can only withdraw BTC. Bybit is an attractive exchange platform for newcomers. Risk Warning:Trading in leveraged products carries a high level of risk and may not be suitable for all investors. As a strategy manager, you are eligible to earn 20% of the profit generated from the followers. So, in this PrimeXBT review, we’ll introduce you to some of the unique features of the platform. 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. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. Detailed information regarding the maximum order size and exposure limits for all available instruments can be found in our special Trading Limits article. Because of this, there’s no solid floor in terms of Ethereum investing. At the same time, demo accounts are also an excellent way for new traders to get used to the platform and start getting a feel for trading and the market. Close By Position net out two opposite positions in the same instrument. We found the competitive side of the contests also provides a fun environment for users looking to trial strategies. I consider PrimeXBT to be an advanced crypto trading platform thanks to the complex charting which is completely customizable and you can change it just the way you want.

About the Author: François Laurent

François Laurent
Au-delà de mes activités professionnelles, ma passion pour les voyages est une force motrice dans ma vie. J'ai exploré plus de 20 pays, des villes animées à la beauté sauvage des jungles, cherchant constamment de nouveaux horizons et expériences. Mon blog est un endroit où vous pouvez venir pour en apprendre davantage sur différentes cultures, découvrir des trésors cachés et vous inspirer à voyager davantage. Je partagerai mes récits, conseils et avis pour vous aider à planifier votre prochain voyage, que ce soit une escapade d'un week-end ou une aventure en sac à dos d'un mois.
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