R/PrimeXBT

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. It is important for followers to consider these fees when choosing a strategy to follow, as they can impact overall returns. We’re here to help make your trading experience as effective and enjoyable as possible. PrimeXBT does not levy withdrawal fees, but Namibian traders must pay regular network miner costs when withdrawing money in cryptocurrencies, guaranteeing transparent and cost effective fund withdrawals. In terms of features, the mobile app gives you access to its copy trading, coin exchange, and margin trading, however, the ability to participate in contests is not supported. PrimeXBT will now ask you for this number. I used PrimeXBT for w good while and I was able to maintain + 0 for a long time, but it was hard. The award winning trading platform behind PrimeXBT provides you with margin trading account and all the tools you need to succeed in the crypto market. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. You want them to trigger. These services are governed by the legal terms and conditions of PXBT. SOLANA SOL/USD: Solana is showing signs of extending its short term rejection from the previously identified resistance zone, which aligns closely. It is the pair with the most liquidity and the most media attention, therefore technical analysis to support theories are everywhere on the internet and social media. 📱 Dive into PrimeXBT’s trading app for access to 100+ markets with trades starting from just $5. Minimum order sizes, trade sizes, max exposure, leverage, and funding rates for longs and shorts, can be found here. Many competitors are more transparent than PrimeXBT regarding Broker kripto PrimeXBT Proof of Reserves and the handling of customer funds. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. This rapid reversal in price action results in losses for those who were trapped in the bearish mindset.

◾️Someone accessed my account but it was not me

Non custodial wallets do not require KYC because they do not manage your funds or handle transactions. Dogecoin’s reputation was harmed, and its price potential hurt when TikTok users attempted to pump and dump the Cryptocurrency. Candlesticks are preferred because they provide in depth details compared to simple lines. Disclaimer: Any Advice or information on this website is General Advice Only It does not take into account your personal circumstances, please do not trade or invest based solely on this information. นโยบายการคืนและยกเลิกคำสั่งซื้อ. 🔁 Improve Operational EfficiencyAutomate Processes: Save time and reduce errors. But, alas, all articles are still only available in English. They have an amazing live support team that is available 24/7 as well. This eliminates the need for multiple brokers, markets, or a host of other hassles. Note, the program is exclusive to PrimeXBT accounts. Our clients love how fast and simple our sign up is. Grow alongside a trusted brand. PrimeXBT offers margin trading to enhance earnings. And what about the other key features that make this platform worth your time and money. This is made possible because, when trading futures, a trader doesn’t have to pay for the full value of the contract upfront. 🔗 Dive into PrimeXBT today and unleash your trading potential. If you have any questions or need further assistance, please don’t hesitate to contact us at. Date of experience: October 07, 2024. In addition to less common pairs like USD/SGD and EUR/NOK, traders can trade popular pairs like EUR/USD, GBP/USD, and USD/JPY. 10 milestone, the bulls must regroup and push the price beyond these SMAs. PrimeXBT does not charge for deposit or wallet creation. Date of experience: November 11, 2024. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. For a full list of the Crypto CFDs getting the leverage increase on our Global Markets platform, see below. Spoiler alert: understanding the fee structure is critical to maximizing your gains. For all questions, security issues, product related inquiries, and business proposals, please reach us. 1%, and overnight swap fees vary depending on the asset. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Securely store all the Crypto you buy in your PrimeXBT Wallet.

Special Welcome Bonus of $100 for Trading on PrimeXBT

For example, if you deposited with Volet, you must also withdraw using Volet. Prime XBT Trading Services, S. Average commission compared to competitors. PrimeXBT allows traders to make cryptocurrency deposits through their crypto wallets. PrimeXBT may aggregate Client Orders, allocating assets at its discretion. 001 BTC or 100,000 Satoshis. Without KYC you will not be able to deposit from bank cards. The inactivity costs of PrimeXBT were also considered in our evaluation. But, the platform focuses on major assets, ensuring trading is liquid and stable. These fees are not determined by PrimeXBT but are directly related to the network fees of the respective blockchain. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. In other words, if you are buying a cryptocurrency, looking for the newest swing low and putting your stop loss underneath is a common tactic. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue ‚Confirm’ button to execute the exchange. People online say that it’s a crypto futures platform or somethign like this, but it’s surprising they offer access to ordinry CFDs with spreads from 0. We’ll put it to the test, with verification successful while waiting for the outcome. However, it has become standard on most trading platforms. While BingX focuses mainly on cryptocurrencies, PrimeXBT also offers forex, indices, and commodities. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. 0 upgrade is being implemented to fight network congestion, one of the biggest complaints about Ethereum. 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.

Summary

However, DOGE coin has been far luckier in its rise to success. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. The vast majority of blockchains, excluding privacy coins, are public. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Therefore, if the trade does not go as expected, you will have suffered monetary loss, and you will still not have Bitcoin in your wallet account. Greetings Fraz, We appreciate your feedback and review. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. The platform also has a wide range of leveraged tokens, making it an ideal choice for those who want to trade different cryptocurrencies. It’s all about giving users tools and chances to make their trading better. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. Learn more about Baksta’s Legal Terms. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. In this OKX vs PrimeXBT issue, we’re pitting the platform with PrimeXBT, another popular cryptocurrency exchange.

Fees and Charges on PrimeXBT

If you would like to try and increase your profits as a trader already quite established — or even if you are a newbie trader looking to get into the game — it is worth checking out a free account from PrimeXBT which will offer you the chance to day trade on forex, commodities, cryptocurrency and some of the most popular indices such as SandP 500, FTSE100 with leverage of up to 1,000x. Margin is required for placing Orders in Leveraged Products. Truly crypto’s “E Pluribus Unum” will be as lasting as is to control. Compare Other Crypto Exchanges. This means that all of the users’ communication to the platform and on the platform will be encrypted, making it harder for hackers to listen and breach. READ FULL IF YOU’RE NON MEDIUM MEMBER. To withdraw cryptocurrencies from PrimeXBT efficiently, follow these condensed steps. Spot contracts for Gold and Silver: XAUUSD and XAGUSD. This means that they will get you the best price available, once a level is touched. I tested both versions and found that they offered a smooth trading experience without any significant compromises. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. All transfers are executed manually, once our team checks all transactions for risk scoring, money laundering, suspicious trading activity, and other patterns. I guess it maybe fair both sides ,they are low.

Understanding Trading Fees on PrimeXBT

PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. In the next section, we will discuss the importance of KYC compliance and its impact on trading activities. As already mentioned above, the dashboard of PrimeXBT is very clearly arranged and offers all the functions one could wish for. The bonus funds are available for two weeks after activation, and be used as additional collateral to open positions. Attend exclusive PrimeXBT events, network with other clients and learn new skills. Under the PJP Category 2, Brankas also obtained the license for Payment Initiation and/or Acquiring Services PIAS. Information regarding past performance is not a reliable indicator of future performance. Click “Join” to enter the competition. PrimeXBT Opening account and deposit. Unlimited via Perfect Money. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. 05% for cryptocurrencies, 0. You receive rewards not only for direct referrals you bring to PrimeXBT but for their referrals as well. Last updated 3 months ago. At PrimeXBT, we want you to succeed as a trader. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Once your deposit is received, we’ll credit the Crypto to your chosen wallet or trading account instantly. I thought I was safe. For a complete list of restricted regions, refer to Section 1. 2024 00343, having its registered office address at PKF Corporate Services Ltd. It has a Covesting module which exists thanks to PrimeXBT’s partnership with Covesting a licensed DLT services provider and a software development company. 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. No, PrimeXBT does not charge an additional fee for the manual review of a withdrawal request that triggers a suspicious activity alert. It reduces the complications normally associated with Web3 and bypasses the pain points, such as no support if they get stuck. Always stay updated with the latest fee structures to ensure you are making informed decisions.

Data Linked to You

Plus the fees are truly low, you pay only 0. Prior to establishing NEP, Mr. Receive the latest news and stay informed. Thank you for sharing your experience, and we’re truly sorry to hear about your concerns. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. This adds to the variety of assets available to users. PrimeXBT also allows users to trade with leverage. Users can open accounts, deposit crypto, and start trading with just an email address. Returns or profits may be subject to capital gains tax. Additionally, Binance provides extensive educational resources such as tutorials, webinars, and articles to help users learn about trading and the platform’s features. I don’t have any bad experiences in using this platform because their customer service is really great. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. All PrimeXBT affiliates will have access to these detailed metrics and tracking tools that includes features such as quick stats, commissions, raw clicks, and trend reports. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. $20,000 or equivalent for unverified users. 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.

What deposit methods are available on PrimeXBT?

Go to Settings > Security and enable Install from Unknown Sources if prompted. During my PrimeXBT review, traders were offered a well structured reward program worth $5,000+ for achieving trading milestones. Verification can help ensure real people write reviews about real companies. Learn more about Baksta’s Legal Terms. With a cash account, you can buy exactly what the amount of cash you currently hold will allow. It can be even more lucrative when trading BTC for altcoins and not just BTC to fiat pairs. Cent Account Forex BrokersMicro Account Forex BrokersPAMM Account Forex BrokersSwap Free Account Brokers. If you seek automation, social engagement, and access to pre built strategies, Bybit’s feature rich environment might be a better fit. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. These regulations can vary significantly from one region to another, leading to restrictions on the platform’s availability in certain areas. With low fees, high leverage options, advanced trading tools, and excellent customer support, it’s no wonder that traders worldwide choose PrimeXBT as their preferred trading platform. Opened yesterday a account with 500$, opened 2 positions in USDCAD of 15k and 5k and made 110$ profit, but I’ve been charged with 70$ fees. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. And after reading it, I realized that trading conditions I was looking for are in front of me. In this type of trade, transactions are completed “on the spot,” meaning the buyer and seller agree to the current market price, and the asset is transferred almost instantly or within a very short time frame. $20,000 or equivalent for unverified users. To manage the risks of leverage, start with a lower leverage ratio, use stop loss orders, implement proper position sizing, monitor market conditions, and continuously educate yourself about leverage and risk management. Next, we will discuss PrimeXBT’s fee structure and how it impacts trading costs. “For approved members and their clients participating in CFDs, foreign exchange forex, and cryptocurrency markets, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels, such as arbitration or local court systems. With a margin account, the same $10,000 could be lost entirely with one improperly managed position. The file is verified secure by PrimeXBT. Products crypto futures commissions●Products CFD Commissions. In a world where almost every transaction happens online, cryptocurrency has emerged as the world’s largest growing asset class. However, as Ethereum has moved over to proof of stake, there are those out there who believe the growth rate will be much slower. Traders can also use leverage of up to 200x, meaning they can get started with a smaller initial deposit. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. It makes trading easy for everyone.

Pros

PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. At the end of the day, that is the most important thing to know on a chart, and people will typically use technical analysis as an entry or exit signal, perhaps based upon the longer term movement known as “the trend. Go to Settings > Security and enable Install from Unknown Sources if prompted. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. At PrimeXBT, all customer assets are stored in a cold storage wallet. While this market has seen a bit of momentum, it occasionally happens, as there is no confirmed case use scenario for Dogecoin or the Dogecoin network. Users can contact customer support by email at. Payouts are one of the most important factors to consider when choosing an affiliate program.

My Key Takeaways After Testing PrimeXBT Desktop

It’s easier to bet on a fallen price in the CFD market than to be bothered by the complications of the futures market. Below we’re going to compare Bitcoin vs Litecoin in terms of price action, forecasts, charts, and more. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. At the time of writing, customers can only withdraw cryptocurrencies; there is no fiat off ramp available for fiat to bank withdrawals. PrimeXBT is accessible on both web and mobile platforms and supports 24/7 customer service. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. 📹 YouTube: Subscribe for video updates. CoinCodex have taken a cautious approach, drawing conclusions while predicting Dogecoin price action, and suggesting a short term vision for 2023. We’re here to help make your trading experience as effective and enjoyable as possible. Traders can customize their layout to suit their trading preferences, utilize various order types, and trade through their mobile app. OpenPeer is not available to US residents and residents from other sanctioned countries, but the self custodial nature means their on chain contracts are all permissionless. The customer support team is available 24/7, ensuring that users can get help whenever they need it. Of course, I also check this info to understand whether it’s high time to exit the deal or not. Many praise the trading technology that makes trading smooth and efficient. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage.

MehmetKocaman

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. PrimeXBT offers up to 100x leverage on crypto and 1,000x leverage on some forex pairs. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Overall, PrimeXBT is dedicated to providing a comprehensive and user friendly trading experience, with a strong emphasis on innovation, user empowerment, and transparency. To assist you effectively, we need more details about your account and transaction history. With KYC verification you will have unlimited withdrawal limit + you will be able to withdraw funds via bank cards / Perfect Money / Volet + you will have unlimited limit on deposit in fiat currencies. Alternatively, traders can focus on currency pairs with favorable interest rate differentials to benefit from positive swap rates. The next section will detail the different deposit methods available on PrimeXBT. Enable One click trading: enable/disable available trade modes;. Click here to get 7% up to 500$ First Deposit Welcome Bonus on PrimeXBT. PrimeXBT stands as a versatile platform, offering a spectrum of trading possibilities.

PrimeXBT:

We do not recommend investing money you cannot afford to lose. These products are not suitable for all investors. The first CPA offer for affiliate partners will be a one time compensation of $XX for every qualified trader who registers at PrimeXBT by following a referral link. PrimeXBT’s dedication to providing a top level trading experience has not gone unnoticed. PrimeXBT, a leading multi asset trading platform, is pleased to announce that it has secured a regulatory license from the Financial Sector Conduct Authority FSCA in South Africa. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Returns or profits may be subject to capital gains tax. Its intuitiveness and simplicity provided a pleasant trading experience. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. These products are not suitable for all investors. 006% to 1% per trade. This intuitive trading platform caters to the needs of both beginners and experienced traders. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. The regulatory framework is different among countries. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. At PrimeXBT, we’re transparent and up front about everything we do. Like Litecoin, Dogecoin uses the proof of work algorithm for consensus of the blockchain protocol. 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. Bitvavo, a top Dutch exchange, bridges traditional and digital currencies with ease. Before you can buy Bitcoin on PrimeXBT, you need to fund your account. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. The PrimeXBT summary also highlights its competitive fees. They highlight the platform’s strong margin trading options. Limited Time Deals: PrimeXBT Labor Day promotion brings forth a selection of time limited deals on popular products across various categories. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. These rates are among the lowest in crypto trading, making PrimeXBT a good choice for traders holding positions for a while. The Different Types of Copy Trading in Crypto.

Finport

Org forum who agreed to order the pizzas for him using their own fiat currency and sent them BTC to cover the costs in exchange. Security is a big deal here, with things like two factor authentication and SSL encryption. At PrimeXBT, we want you to succeed as a trader. Buy Amazon StockBuy Apple StockBuy Tesla SharesBuy Meta SharesBuy Google SharesBuy Pfizer StocksBuy NVIDIA StocksBuy AMD StocksBuy Microsoft SharesBuy Pepsico SharesBuy Adobe SharesBuy Intel SharesBuy Paypal SharesBuy Starbucks SharesBuy Netflix SharesBuy Moderna SharesBuy Zoom SharesBuy eBay Shares. Profit from the markets by following the experts. Levels to watch: The Resistance is at 3340 while the Support short term at 3235. This is optional because some traders believe and hang onto the longer term trend. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. A withdrawal requested before 12:00 UTC will be processed on the same day. In order to do this, you will need to provide them with an email and password. Plus, unrealized profits and losses directly impact your free margin, which can eventually lead to a margin call if your free margin falls below a certain threshold. PrimeXBT is upfront about its withdrawal fees, starting at $0. The first step you will need to make is to open up your commodity trading account. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. The Crypto markets are full of potentially rewarding opportunities, but to do well over the longer term, it is wise that you understand some of the following information. Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Die Nutzung von PrimeXBT Promo Codes führt eine zusätzliche Ebene von Vorteilen und angenehmen Extras in Ihre Handelsstrategie ein. 35350, protecting your account but locking in losses. This means you can trade more for less, while also potentially multiplying your profits. It is offered as a “fixed tradable bonus,” which means the bonus cannot be withdrawn, but it can be used to open positions. This prevents unauthorized transfers even if someone gains access to your account. This is achieved by borrowing funds from a broker to purchase a larger position. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. If you have any questions or need assistance, feel free to reach out at. You need to understand that Shiba Inu is known as an “altcoin,” meaning that it is far out on the risk appetite spectrum. When examining the margins for my PrimeXBT Crypto Futures review, I noticed that there are some intriguing limitations that users face. Payment is made through the Payburner integrated payment system.