What Makes PrimeXBT a Good Platform for High Leverage Trading?

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. The broker provides its own proprietary trading platform, designed for speed and efficiency, with advanced charting tools and features. PrimeXBT positions itself as a platform that offers advanced security and copy trading features, PrimeXBT Forex among other features. 3 PrimeXBT fees: PrimeXBT offers some of the competitive fees. It supports five wallets within the exchange BTC, ETH, USDT, USDC, and COV. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. 07:00 am to 16:00 pm UTC. This allows profiting from both rising and falling prices. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. The copy trading offered on PrimeXBT has been growing in popularity, attracting some talented traders to the platform.

🛠️ Services Offered: PrimeXBT provides:

Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2 factor authentication for an extra layer of protection. PrimeXBT also boasts an array of diverse order types on its trading platform for veteran traders. Covesting is an innovative copy trading platform that pursuant to a white label licensing agreement, brings together PrimeXBT and Europe based fintech software developer, Covesting, which helps connect traders with followers, enabling them to profit from one another synergistically. Combining fundamental analysis with technical analysis can provide a comprehensive approach to trading. So for me it’s a favorable experience no matter what. Securities and Exchange Commission. As easy as clicking a button on your trading platform. No, all that is required to open a PrimeXBT account is a valid email address and password. We have tested the work of support at different times of the day and in different languages English, Russian, Ukrainian and can conclude that managers do not make the user wait long. This tiered fee structure encourages traders to increase their activity on the platform, contributing to greater market liquidity and efficiency.

Payment Methods

The number of yield farming platform and decentralized protocols offering this hot new trend is growing by the day. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Throughout my testing, the app performed smoothly without any bugs or glitches. By understanding the characteristics of each trading instrument and how they align with your trading strategy, you can make informed decisions and optimize your trading performance on PrimeXBT. Over the last few years,. The PrimeXBT team has also made bold claims about their copy trading feature. Click Download and confirm the file download if you see a warning.

Company Overview

He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics. As a derivatives trading platform, PrimeXBT does not offer any spot markets. Base Account Currencies. They are just going above and beyond here. 🌎 PrimeXBT Official English Speaking Community PrimeXBT is an all in one platform for all your trading needs. The minimum withdrawal amount on PrimeXBT typically aligns with the minimum transaction limit for the cryptocurrency being withdrawn, which is often equivalent to around $10 to $20 USD in crypto value. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. 2024 00343, having its registered office address at PKF Corporate Services Ltd. With this also comes high cybersecurity standards that are regularly tested and audited to protect client’s capital. Note that you must keep your backup key secure in case you want to reset your 2FA. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. You can move funds seamlessly from your account to your wallet.

Minimum deposit

I’ve done that, and it sucks. Margin trading isn’t only available for the more traditional asset classes, but for cryptocurrencies as well. Crypto Deposits: PrimeXBT offers free crypto deposits. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Japanese candlesticks are a helpful tool for analysts, and contain a variety of information. You will also be able to make use of their modern website and trading platform to complete your transactions. Step 3: You will be sent an email with a pin number. Description: Bitcoin Cash is a hard fork of the original Bitcoin blockchain, and the promise of new coins for holding BTC is what helped drive the cryptocurrency to $20,000 per coin in 2017. As a result, the investment will often look to those countries to expand. Analyze fundamental data or take a look at the price chart to identify important technical levels that could form a high probability trading setup. Any validators that attempt false transactions or fraudulent chain history have their stake reduced by penalty, further discouraging any disruptive behavior. Get dialed in every Tuesday and Friday with quick updates on the world of crypto. Affiliate payouts are made weekly through bank wire, bitcoin, or check. Returns or profits may be subject to capital gains tax. 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. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 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. Typically, you’ll receive a unique referral link to share. $2,000 by bank card. The minimum payout balance is $100 for affiliate income withdrawal. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. Com or you can contact us in the chat room on our website. But how does it compare to other platforms in the market. A good trading plan needs to have the right risk management strategies. Finally, all of the changes and upgrades clearly reflect PrimeXBT’s client focus, incorporating user feedback to improve the overall experience on offer. US investors and traders are allowed to use Gemini with KYC compliance since Gemini is regulated and based in the USA, however as a result, Gemini offers no margin or futures products, but PrimeXBT does offer up to 100X margin, but US users are not allowed to use it as per TOS.

Author

To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. This section will provide detailed instructions on placing various types of orders, managing open positions, and using leverage and margin trading. 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 prevents unauthorized transfers even if someone gains access to your account. More can be learned on PrimeXBT’s withdrawal terms and conditions page. Keep up the great job guys, you are revolutionizing trading with this low tradign costs 👏. For unverified users, withdrawal limits are 5 BTC per 24 hours. The trading platform also features a proprietary copy trading solution, enabling novice traders to learn from and emulate the trades of experienced, successful investors. Returns or profits may be subject to capital gains tax. Click this and enter how much cryptocurrency you want to move from your wallet to your futures accounts. 21 days ago Kim Sorgson. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Trade fee is incurred each time you buy or sell assets on the market i. When using fundamental analysis, you can combine it with different metrics, such as on chain metrics. 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. Short positions with allows you to profit from a Cryptocurrency’s price decline. It also offers you a great way to speculate on the price movements of indices like the SandP 500, commodities like gold, silver and oil, as well as currency pairings such as the US dollar against the euro and so on. Manage risks with stop loss and take profit orders, and earn in BTC, ETH, USDT, USDC, COV, and USD for flexibility and diversification in trading and profits. We’re glad it’s helping you build confidence and improve your trading skills. He’s particularly excited about real world applications of blockchain technology. You can manage your account, view all trading accounts, and check total funds directly from the main page. Zengo not only allows users to purchase, sell, and trade a diverse range of cryptocurrencies but also enables effortless interaction with numerous Dapps and DeFi platforms via WalletConnect. 813 Longacre Blvd Yeadon, PA, 19050. Additionally, staying informed about market trends and being adaptable in strategy adjustment is crucial. The prices of commodities BRENT, CRUDE, and NAT. The crypto market is very eventful, so keep up with what is happening within the market.

How to margin trade on PrimeXBT?

Transactions typically happen directly on PrimeXBT’s site or via trusted partner platforms. Levels to watch: The Resistance is at 457. The file is verified secure by PrimeXBT. PrimeXBT appeals to those focused solely on trading without the distraction of additional crypto related services like lending, borrowing, or staking. 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. Of course, I also check this info to understand whether it’s high time to exit the deal or not. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Enormous information available on the internet makes it challenging to locate the right and functional promo code.

Advantages of the Welcome Bonus:

The minimum order size for Bitcoin is 0. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. PrimeXBT is a perfect match for copy traders. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes. It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Leverage allows traders to open larger positions with a smaller initial investment. These types of accusations are usually very common among unregulated trading platforms that do not request KYC procedures. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The list of reputable and secure no KYC crypto exchanges gets smaller each year as government agencies including tax offices crackdown on crypto exchanges by requiring them to collect personal data and comply with regulatory requirements like issuing 1099 forms. Binance also provides educational resources and tutorials to help new users get started with trading. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Thank you for choosing PrimeXBT.

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PrimeXBT offers free deposits, which is a significant advantage for traders. We provide you with support from real people, around the clock. 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. 11, the organization gathered $1. There are 2 options to fund your account. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. PrimeXBT allows users to deposit BTC, ETH, USDT, and USDC. Deposits in BTC only.

Open free account

If you do not see this then it means that you could be on a phishing site and should leave immediately. 35 BTC as a bonus in your PrimeXBT account. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. However, it is important to note that the high leverage and unregulated nature of PrimeXBT introduce heightened risks that traders must be willing to accept. Commodities: Brent, Crude, Natural gas, Gold, Silver. Nope, it’s currently unregulated by financial authorities. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. Using the live chat function, we got a response in under five minutes when we chatted with the customer support team. Date of experience: September 05, 2024. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. However, PrimeXBT’s mobile trading does have some drawbacks. The app also supports PIN, face, or fingerprint authentication for secure login. Currently, we do not offer a no deposit bonus. Or search for a confirmation email from. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. These products are not suitable for all investors. 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. Artículos p contenido Préstamos bancarios y simply cooperativas de crédito Avant Advenedizo Existen. The deposited LINKS demonstrates a commitment to the network and incentivize good behavior. Currently, we do not offer a no deposit bonus. The devastating crash rocked all of Crypto and other markets, so ADA wasn’t spared either. Once you have funds available in the trading account, you can click on « Trade » from the top navigation bar. With flexible deposit and withdrawal options and speedy payments, it’s zero risk to start earning.