The Biggest Disadvantage Of Using PrimeXBT PT Trading Platform
PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?
Trade with bonuses and rewards from PrimeXBT. These products may not be suitable for all investors. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Here are 8 tips for writing great reviews. Users can transfer cryptocurrencies directly from their personal crypto wallets to their PrimeXBT Wallets. Some products and/or services might not be covered by the Compensation Fund. Terms and Conditions Agreement. The platform is known for its user friendly interface, making it an excellent choice for those new to cryptocurrencies. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. They seek to enhance the functionalities of smart contracts by securely combining on chain and off chain computing resources, creating hybrid smart contracts with augmented capabilities. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics PrimeXBT (Cy) Ltd have faltered. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. The millions of happy PrimeXBT users would probably disagree with me on this point. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. No, bonuses on PrimeXBT cannot be withdrawn. This article will cover the latest news and predictions about where Bitcoin’s price is going, and how traders can capitalise on the market with PrimeXBT. This comprehensive guide will provide detailed instructions on how to short on PrimeXBT, including the steps involved, strategies to employ, and best practices for managing risk. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. With a margin account, a user could deposit $100, and using the power of 100x leverage turn the capital into a $10,000 position equal to one full Bitcoin. In this case, you do not need to enter a verification code: you will immediately get access to the Personal Area. That is not a criticism against them, these platforms are not in the niche of providing beginner and user friendly platforms, they are in the business of running advanced crypto trading platforms for serious and experienced traders. The average number of transactions per block on Bitcoin is between 1,000 and 1,500. Before you press “Confirm”, review the order.
PrimeXBT Registration
Their fees are typically less than $2. It can also be privately received from another user. The Launchpad on Bybit is a fairly new addition and is Bybit’s move to remain competitive as more exchanges continue to launch their own launchpad products. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. Returns or profits may be subject to capital gains tax. Learn more in our best crypto wallets guide and best decentralized exchanges guide. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. Read more Ethereum Price Predictions. Crypto industry experts are weighing in on Stellar Lumens price projections, endeavoring to address the questions of whether investing in Stellar Lumens is worthwhile and how high the cryptocurrency can potentially rise. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. Yes, you can cash out crypto in the USA using platforms like Coinbase that offers a fiat off ramp, which offers a seamless withdrawal option to your bank account. Sushiswap is a decentralized exchange founded by Chef Nomi and 0xMaki, both of whom are pseudonymous open source developers. For example, the withdrawal fee for Bitcoin is typically 0. Bybit has considerably lower fees than many exchanges in the space, but slightly higher than the low cost leaders comprised of Binance, OKX, and KuCoin. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. The goal is to profit from fluctuations in exchange rates. Human help when you need it. Navigation was intuitive, with all the essential tools and indicators just a click away. There is also a system of bonuses and additional passive earnings. You need to understand that Shiba Inu is known as an “altcoin,” meaning that it is far out on the risk appetite spectrum. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Take the next step by signing up with our link to get your bonus once you deposit, and start trading immediately. Com as Senior Client Relationship Manager. Robinson moved into his current role of Executive Chairman, where he spends the majority of his time developing and executing group initiatives, either through the identification and execution of new acquisitions or developing and strategizing growth strategies for the existing portfolio. PrimeXBT imposes various fees and charges on transactions, which traders must be aware of. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. Unlike most exchanges today, KYC verification is optional on PrimeXBT.
Investing in Ethereum in 2025? Is it a good idea?
Basically, customers who choose to use this platform are on their own and do so at their own risk. Intrigued by the potential of leverage trading Bitcoin. In the trade tab, manage positions, explore watchlists, and analyze price charts effortlessly. I got caught yesterday in a very expensive 25x position on a short sell. You can contact their team on and if you have any questions. Yes, but only with CFD markets. What Exactly is the Shanghai Upgrade. For example, BTC can be used in a Margin trading account denominated only in BTC, while ETH can be used in a Margin trading account denominated only in ETH. This may impact how, where and which companies / services we review and write about. One of the crucial aspects of any trading platform is how quickly you can get your hands on your cash. EToro is known for its strong regulatory compliance, being regulated by multiple financial authorities including the FCA UK, CySEC Cyprus, and ASIC Australia. Inflation also has a part to play, but it also has a negative effect on global growth, which could work in both directions. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. You’re able to easily calculate the required margin using the following formula. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. In the next section, we will discuss the importance of staying informed and how to keep up with market trends and news for short selling opportunities. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. PrimeXBT is registered in the Republic of the Marshall Islands and operates under this jurisdiction. The platform also conducts regular security audits to ensure compliance with industry standards. Blockpit understands the importance of privacy for its users but advises caution when using no KYC exchanges due to the potential risks, such as lack of regulatory protection and potential loss of funds. The following are a few examples of the pros and cons of using one. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. This duration accounts for the necessary security checks and processing time. If your withdrawal is delayed, check for network congestion and ensure all transaction details are correct. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. They only have two types of fees, which are the trade fee and the overnight fee. Seek independent advice if you have questions or do not fully understand the risks. Here you can trade with both cross and isolated margin which certainly stresses the broker’s commitment to ensuring universal infrastrcture.
Started as a novice on primexbt and wanted to grw really quickly and b make over 200% of what I started with The platform is very helpful but you must be disciplined and patient
This guide has unpacked the fundamentals of leverage trading in Crypto, exploring key concepts like leverage ratios, margin, and different trade types such as futures and derivatives. PrimeXBT @PrimeXBT February 9, 2021. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Cryptocurrency Withdrawals are the primary and most convenient method on PrimeXBT, offering fast processing times and flexible asset support, but incur network fees depending on the blockchain. Yes, you can customize the trading interface on PrimeXBT. Get access to a wide range of trading, investing, and Crypto services from a single app. PrimeXBT offers up to 1000x leverage on a variety of assets, including cryptocurrency assets like Bitcoin, EOS, Ripple, Ethereum, and Litecoin, as well as traditional financial assets like commodities, stock indices, the world’s most popular forex currencies, and spot contracts for precious metals gold and silver. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. This minimized my losses and still only cost 0. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. The market could go higher, and quite a bit. We’re here to support you and ensure you continue to have a positive experience on PrimeXBT. Username or Email Address.
Is PrimeXBT a good broker?
Returns or profits may be subject to capital gains tax. Continuously review and refine your strategy based on market conditions and performance metrics. Bybit takes a robust approach to securing user assets, here is a look at their 360 degree security framework. 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. Read our MEXC review for more information. Overall, I’d say that edu materials here are pretty good and work nice in combination. Consider reading online crypto forums, Twitter, or Reddit for genuine users recommendations on reputable platforms in your specific region. In 2018, PrimeXBT was established as a fintech firm, specializing in providing a trading infrastructure that supports cryptocurrency, forex, indices, and commodities trading. This gives you a chance to make returns. Conversely, experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. We appreciate your feedback on the educational content; we’re always looking to improve and expand our resources to better support our users. Bybit has a great selection of over 400 crypto assets and almost 600 trading markets, which is quite impressive, it is no wonder that Bybit has become an oasis for crypto trading.
Is it a good time to buy MATIC?
These services are governed by the legal terms and conditions of PXBT. According to reports from PrimeXBT, many of its affiliates can earn thousands of dollars a month. Ever feel lost trying to figure out the ups and downs of the market. Leverage trading in Crypto allows you to control a larger investment position in the market by borrowing funds from a broker, essentially magnifying your buying power. Here are some of the most frequently asked questions about PrimeXBT payment fees, along with detailed answers to help you navigate the fee structure. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. PrimeXBT integrates TradingView charts, which is a nice feature. Through a CFD, one is speculating on the market price instead of taking ownership of a cryptocurrency. We continue to refine our platform to enhance your trading experience. Low deposit requirements make it accessing, though some features can seem pricy 📸. My deposit was credited after 20 network confirmations, which took a few minutes. Enter the promo code and click ‘Activate’. Contests let you experience actual market conditions using the full functionality of PrimeXBT risk free. The broker does not provide any share CFDs or lower risk securities e. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. Mastery in Forex trading enables traders to focus on macroeconomic factors, allowing them to sidestep many of the microeconomic issues related to trading stocks or options. Hearing from other traders provides valuable insights, especially when you’re new to crypto trading. If it manages to break past $1. Message the modmail instead. Securely store all the Crypto you buy in your PrimeXBT Wallet. Only to find that you chose the wrong exchange for your needs.
CoinEx
The capability of Polkadot to facilitate cross chain asset transfers and communication is one of its primary characteristics. Trading volume is growing across the crypto market, and this means two things for traders: more volatility than ever before, and more opportunities for substantial profit. While it is difficult to forecast with confidence how any cryptocurrency will perform in the future, we can evaluate Cardano’s position in the market and its distinctive qualities in comparison to its competitors. You can conveniently sort them according to their total profit. Traders worldwide trust us. Let’s begin with a detailed examination of trading fees on PrimeXBT. PrimeXBT charged me a withdrawal fee of 0. 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. The live chat feature stands out with prompt response times, often within minutes, with agents who can help with account issues, trading inquiries, technical problems, and platform navigation. Comments: PrimeXBT is a reputable and feature rich crypto trading platform that caters to both new and experienced traders. The WebTrader is easy to navigate, and even beginner traders can quickly learn where the charts, account info, and watch lists are located. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Because crypto exchanges specialize in different areas, each with their own strengths and weaknesses, and because crypto traders have different needs, it is important to match a crypto user with an exchange that performs well in the area that is important for them, which is why we put together this article about the Best Cryptocurrency Exchanges 2024, which you may find useful. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration.
Founded
However, as the so called “crypto winter” set in, Litecoin was a victim as well. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. ” – CryptoEnthusiast123. To ensure the highest level of accuracy and most up to date information, BitDegree. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Let’s say you want to buy $100,000 worth of bitcoin but only have $2,000 in your trading account. Here are the many benefits and pitfalls of HODLing highly volatile digital assets. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. Most importantly, its trading services offers privacy for its clients by pairing up with multiple anti laundering services across the globe. For comparison, the average Bitcoin spread in the industry is around $34.
Technical Analysis
You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. Additionally, you can choose to receive email notifications for logins and liquidations. Our clients love how fast and simple our sign up is. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. For those traders who are more technical, they may prefer a broader range of order types and functionality. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. SandP 500 SDX: As the holiday season wraps up and the New Year begins, the SandP 500 remains a fascinating. This means if you click on the link and purchase the item, I might receive an affiliate commission at no extra cost to you. In addition to downloading the all new PrimeXBT Android app, the company also offers several innovations designed to make the crypto industry more accessible to all. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. PrimeXBT leverages Cloudflare’s technology to protect against DDoS attacks and the security team routinely runs tests and updates to ensure the security of the platform. PrimeXBT does not accept traders from The United States of America US Reportable Persons, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, US Virgin Islands, and Northern Mariana Islands. You can transfer crypto from another wallet, which is the easiest method, and you can also buy from the platform using a debit/credit card, bank transfer, or SEPA transfer. On PrimeXBT, overnight financing fees are calculated based on a percentage of the position size and are typically higher for more volatile assets. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. As a leveraged product losses are able to exceed initial deposits and capital is at risk. It offers leverage up to 100X and supports trading in over 100 cryptocurrencies. Brand operating since. However, as more adoption occurs in the Cardano blockchain and other blockchain ecosystems, it should float right along with another Crypto if history is any indication.
BALEINE Affiliate Program
For more information, please see our Cookie Notice and our Privacy Policy. Select additional content. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Affiliate payouts are made weekly through bank wire, bitcoin, or check. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. When you’re examining the regulatory landscape for Binance and PrimeXBT, it’s crucial to understand how these platforms conform to international laws and financial standards. 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. If a trader believes that the price of Bitcoin will fall, he or she could short sell the asset go short at a higher price, and cover the position at a lower price. Conduct your own research by contacting financial experts before making any investment decisions. EOS aims to give developers easy to use tools for developing DApps with a fast blockchain and robust smart contracts. Scan this code to download app. PrimeXBT offers competitive trading fees, charging a low 0. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. 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. PrimeXBT’s flagship trading station features advanced charting capabilities powered by the seamless TradingView, which helps day traders assess the prevailing market sentiment easily. Below is a detailed table of the available payment options on PrimeXBT. Overall, the PrimeXBT Covesting feature is useful. Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Prior to establishing NEP, Mr. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Seek independent advice if you have questions or do not fully understand the risks. However, some investors seem to believe that this is far from its full potential, and that ADA could easily explode to $10 soon. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. Participants can earn attractive commissions on the trading activity of their referrals, boosting their earning potential while expanding their network, featuring a unique 4 level hierarchy system. NFT markets are essentially dead at the end of 2022, which also tend to run on Ethereum. By delivering diverse markets with leading edge functionality under one efficient interface, PrimeXBT stands poised as the definitive gateway to this new era in digital finance for seasoned professionals and newcomers alike.
Worse
Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. PrimeXBT has no minimum deposit as such, you can deposit any amount. A phone number is not available. You also have the option to insert a referral code if you were given one more on this later. You can read more about how PrimeXBT and Bitfury have partnered for AML compliance using Crystal software on our company blog. Scan the QR code with your device’s camera and get APK file. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. We personally contact support using all available methods and present hypothetical problems that users might face. It’s possible, and some of our previously mentioned analysts do expect the market to break above $1. Much of the content focuses on topics like “Which is a better investment: Bitcoin or Gold. Those who recognized this early on in the bear market not only came out of it profitable in terms of USD value and total capital, but also grew their Bitcoin holdings significantly – holdings that could increase in value exponentially during the next bull market, providing yet even more incentive to consider cryptocurrency trading. United States of Minor Outlying Islands. Users can earn up to 14% on their crypto deposits for Ethereum, USDT and USDC. Titles should accurately represent the content being linked to and not be in all caps. Managing risk is your top priority when trading Forex, or any other financial market for that matter. As a trader, you may decide to short sell Bitcoin for a wide range of reasons. Prime Technology Ltd is PrimeXBT’s Technology Provider. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. That being said, there is still quite a bit of interest in Bitcoin, and therefore one would have to assume that buyers will continue to be interested. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. 3 Coleman St, 03 24, Singapore 179804. Major cryptocurrencies like Bitcoin BTC, Ethereum ETH, Litecoin LTC, and others are available for traders to leverage trade on. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. For instance, funding fees for BTC on Binance and Bybit were both 0. Explore our detailed guide on connecting to and utilizing the PrimeXBT trading bot via Telegram. This seems to actually work as they are currently ranking on page one for ‘X price prediction’ for a few asset classes, including gold. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level.
Worse
This section will explain the mechanics of leverage on PrimeXBT, including how it is calculated and applied to trades. While its centralized exchange requires KYC processes – this isn’t the case with the OKX web 3. 8 for PrimeXBT Futures Pro. Scan the QR code with your device’s camera and get APK file. There are almost no disadvantages to using a stop loss order. Securities and Exchange Commission SEC has made a landmark decision by approving 11 spot bitcoin exchange traded funds ETFs. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 35 cryptocurrencies. 3k, rising back above 100k for the first time since December 19, reaching a peak of 102. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. They have also designed this platform around “widgets”. Partnering with PrimeXBT offers various benefits, including financial benefits like custom payouts for high value partners and the ability to earn CPA from deposits as low as $1. It also provides discounts to high volume traders. Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. With more institutional players entering the Cryptocurrency market, Shiba Inu could experience sustained growth. So, if you copy a master making 20% ROI, you’ll pay 2% of your profits to Bybit as a “thank you” for the ride.
TRADING
This acronym means Know Your Customer, and ensures that the person managing positions, trades, or funds is the one authorised to do so. 6823 as crypto prices rose, then pulled back to $0. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Taking the second position, CryptoWorld2 has carved its own path to success with an impressive all time profit of 379. The broker does not charge dormant accounts with an inactivity fee. 95% in total fees for fiat currency deposits. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page. According to our batting projections, DOGE could have a winning performance in 2026, potentially surpassing its previous all time high. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Here is a snapshot of PrimeXBT spreads during the London New York crossover session, where traders get the tightest spreads. We personally contact support using all available methods and present hypothetical problems that users might face. Nothing herein shall be construed as financial, legal, or tax advice. Crypto exchanges offer varying leverage ratios when trading Futures. To view or add a comment, sign in. PrimeXBT offers an award winning crypto futures platform that supports copy trading. Up to $100 welcome bonus. For example, the minimum order size for Bitcoin BTC trading on PrimeXBT is 0. BITCOIN BTC/USD: As the New Year unfolds, Bitcoin has begun emerging from its extended consolidation phase, reclaiming momentum and trading. Attend exclusive PrimeXBT events, network with other clients and learn new skills.