PrimeXBT research: Analysis of Bitcoin, Ethereum, and other leading Cryptos

For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. Know Your Customer KYC is a foundation of Anti Money Laundering/Combating the Financing of Terrorism AML/CFT regulations worldwide. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The responses were fairly detailed but lacked accuracy in addressing all queries. For example, the most important thing is that it is a trading system is one that you are comfortable with. This PrimeXBT Crypto Futures review will complement our previous review, and should simply give you more info about the company than you had prior to reading. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Only for verified users. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Have recently faced some Primexbt reviews and decided to check the platform out. Our experts have seen the entire spectrum of customer service, from non existent to some of the best available in the industry, so we know what constitutes a great offer. A new box will pop up. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. If prices move just slightly on average, the leverages offered are usually higher to be able to monetize even tiny market movements. 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. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. The final tasks here include adding a Social Security Number or Tax ID number, agreeing with related policies, terms, and conditions, and then clicking Next. Reply from PrimeXBT Copy Trading. The leverage ratio is a measurement of your trade’s total exposure compared to the margin requirement. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Past performance is not a reliable indicator of future results.

Was This Overnight Fees?

Fees aren’t burdening whatsoever, very competitive ones. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Both PrimeXBT and BitMEX offer high leverage options, up to 100x on various assets. Privacy practices may vary, for example, based on the features you use or your age. Resource intensive computations are not needed, as the network utilizes a Proof of Stake protocol to manage consensus. For example, if you are analyzing Bitcoin, you can look at the current trading volumes and compare that to future volumes. Privacy practices may vary, for example, based on the features you use or your age. Share it with your online audience social media, blog, website, forums, friends or family. Dear Mustafa,We’re thrilled to hear that our blog and price prediction tools are valuable resources for managing your trading effectively. The United States started using standard instruments at the Chicago Board of Trade in 1864. 📈✨ Enjoy features like portfolio diversification, hedging, leveraged trading, and copy trading options. Deposits are free, but there are withdrawal fees for cryptocurrencies. This causes a slight delay in funds being available in the account. It enables Namibians to delve into other markets, including indices, commodities, and cryptocurrencies, with a modest initial investment of 0. Visit our Help Centre. At Kraken, you will find that the Bitcoin Exchange offers a separate internal area for professional. The foundation is a non profit organization which also supports the Stellar ecosystem by promoting the usage of the Stellar protocol through airdrops, grants and other mechanisms. The dApps found on the OKX platform fall into a few categories: Yield, Lending Pools, Decentralised Exchange featuring Sushiswap, and Staking. Clients can choose between fixed, cross or sliding leverage from the dashboard. This is the allure of margin trading, as well as the ability to take on more positions, especially if you are hedging a portfolio. Only recently, it went on to open all the features of its crypto derivatives platform. Satoshi Nakamoto solved the elusive “double spend” issue plaguing previous forms of digital cash that ultimately failed. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. Visit our Help Centre. So, let’s dig into their arsenals and see which platform packs the firepower you need.

Totally FRAUDULENT

PrimeXBT Copy trading module. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. Bit2Me is a cryptocurrency broker based in Spain that launched its service in and offers individuals to buy and sell more than 79 cryptocurrencies. Overall, Bitcoin’s trajectory, especially over longer periods, has been in an upward direction. El equipo de contenido financiero de PrimeXBT está compuesto por expertos que proporcionan análisis e información financiera esencial. Of course, the exchange also supports cryptocurrency trading with leverage. In terms of the reviews by other traders, they appear to be quite mixed. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 PrimeXBT trading network. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. The PrimeXBT interface is minimalist and even basic, which means that the learning curve will be short. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Users can earn up to 20% commission on the fees paid by their direct referrals. To open a trading account. It has materials about what Bitcoin is, how to use algorithmic trading, how to read a Japanese candlestick chart and much more. You can also look for potential chances of partnering with other names in this industry. PrimeXBT offers some of the lowest fees in the crypto trading market. While Prime XBT claims to have over 1 million users, 152 countries served, and an average daily volume of over 1 billion, it operates without any regulation. Over time, however, that has changed dramatically. Узнайте подробнее, изучив нашу Политику использования файлов cookie. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. It is also important to learn the existing strategies. This is supplemented with a selection of video tutorials and visual guides and a help centre with a fleshed out FAQ section. Learn about the Fabletics Affiliate Program’s key details, campaign restrictions, rules, commissions, and more before you join. Sep 07, 2024 07:00 UTC. At PrimeXBT we process Crypto withdrawals instantly. PrimeXBT is a relatively young broker and trading platform that provides traders and investors with access to various asset classes, markets, tools, and strategies to take advantage of the market.

Head of Business Development

These cryptocurrencies can be traded against various other assets, including other cryptocurrencies, traditional fiat currencies, commodities, and stock indices, depending on the trading pairs available on the PrimeXBT platform. Surely, this will make the transition to PrimeXBT at least a bit easier for the newcomers to the platform. Here is an example of how Stellar makes this easier. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. It could posea problem for traders, who are only starting their path in trading. Lily excels at finding incredible offers for pet products and accessories. What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. Collaborating with reputable partners such as Crystal, Devexperts, Baksta, Talos, and Fireblocks, PrimeXBT ensures enhanced service and security for their users. Prior to the SEC’s January decision, the only bitcoin ETFs approved for trading in the U. Margin trading is a great tool if you have a profitable trading system. Use the most appropriate flair, if the flair is grossly misleading then the post will be removed and repeated offenders banned, moderators can change the flairs of the posts if the wrong flair is chosen. Politikat e Privatësisë. Withdrawal: Conditions not known, Contact PrimeXBT Support. General Disclaimer: The Money Mongers is an independent think tank on the subject of cryptocurrencies and our owners, writers or other contributors may or may not have a vested interest in any of the project mentioned on The Money Mongers. BitDegree aims to uncover, simplify and share Web3 and cryptocurrency education with the masses. Explore the diverse benefits of common and preferred shares on PrimeXBT, where the world of stock trading unfolds with opportunities waiting to be seized. I’m pretty aware of forex but I wanted to know more about crypto currencies and blog was helpful for me. Buy FirstRand Namibia SharesBuy Investec SharesBuy Namibia Asset Management SharesBuy Namibia Breweries SharesBuy Paratus Namibia Holdings SharesBuy Letshego Holdings Shares. PrimeXBT’s focus on functionality makes it ideal for traders who require advanced tools and features to implement their strategies. XRP failed to make a new all time high in the 2020/2021 bull market, leaving holders of the Cryptocurrency feeling left out. In the upper left corner of PrimeXBT’s futures dashboard is the futures market that you’re currently viewing charts for, along with a dropdown arrow. We help you find the right software for your business. Note that you might have to share your personal identification if you intend to use any of the services mentioned above. Requirements for Opening a PrimeXBT AccountTable of contentsRequirements for Opening a PrimeXBT AccountIs There a PrimeXBT Welcome Bonus.

How secure is PrimeXBT?

Prime XBT does not provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned. Stellar’s main function is to provide easy and fast money transfers all around the world. Let’s take a bird’s eye view of the products available on PrimeXBT. You can only withdraw fiat using the same payment method you used for deposits. Minimum $50 USDT deposit required. 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. Instead, you just have to choose from a list of strategies to follow, allocate capital to each strategy and stop tracking at any time to withdraw your profits. 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. PrimeXBT does however reserve the right at any time to conduct a verification of a client’s identity or source of funds using a Customer Due Diligence procedure. PrimeXBT allows you to trade a wide range of assets, including cryptocurrencies like Bitcoin and Ethereum, forex pairs like EUR/USD, commodities like gold and oil, and stock indices like SP500. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. There is no strict minimum deposit amount for cryptocurrencies. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Prime XBT stands out as an industry leading platform, providing a remarkably efficient experience with its real time data tracking, extensive cryptocurrency selection, unwavering security measures, cutting edge trading tools, and seamless integration of global payment methods. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

Mobile App

This is a very strong range, which offers something for everybody. However, depositing or withdrawing fiat currency will require KYC identity verification. Returns or profits may be subject to capital gains tax. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. I mean, they have DDos Protection, they are backed by AWS, and reportedly have liquidity from 12 different sources. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. In the top left corner of the futures platform is the current trading pair and a dropdown arrow. Tokens on $% across @ trading pairs. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. When short selling Bitcoin, you buy the contract that bets on the price of Bitcoin being lower in the future. Despite operating in a highly competitive and rapidly evolving industry, PrimeXBT has managed to establish itself as a reliable and innovative trading platform, attracting a global user base. Our CryptocurrencyExpert. The supply and demand for USD and USD related transactions could also be a factor in the USD’s value fluctuating, and thus the Ripple to USD exchange rate fluctuating. Visit PrimeXBT Platform and get 35% on Your First Deposit.

How to transfer bitcoin to PrimeXBT?

The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. However, some scammers sell fraudulent robots that trade at random. When you hold a position open overnight, you earn or pay interest on that position, also known as a swap fee. Get Upto $30,000 Bonus. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. The platform also usually has welcome bonuses and competitions to earn free cryptocurrency. Com is provided solely for informational and educational purposes. Day trading involves opening and closing positions within a single trading day to take advantage of intraday price fluctuations. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. 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. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Charts allow traders to perform technical analysis to identify entry and exit points. The amount of capital kept in a margin account acts as collateral for the credit extended to you to lever your position up. These setups are some of the most accurate calls in crypto but aren’t always perfect. 00002052 before a short correction in an upwards trend, it subsequently resumed falling rapidly, reaching the lowest price by June of 2023 at $0. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program.

Placing Trades

Navigation was intuitive, with all the essential tools and indicators just a click away. The covesting feature is a game changer. Here’s a clear breakdown of all PrimeXBT fees and commissions. For our trading test, we thoroughly evaluated the PrimeXBT platform. Whether you are interested in the traditional market, or want to ride the hype on the digital markets. Each time, transactions went perfectly. Dear Bruno,We’re glad to hear that you’ve done your research on PrimeXBT and are satisfied with the quality of our services and tools. How to Register PrimeXBT. The required margin can be as low as 1% for a 100:1 leverage ratio. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. A withdrawal requested before 12:00 UTC will be processed on the same day. Typically, IEOs feature new tokens that are offered to exchange’s users at a fixed price, and are listed on the exchange shortly after the token sales concludes. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. PrimeXBT adheres to these regulations to maintain its credibility and ensure the safety of its users. Users are able to engage in both cross margin and isolated margin futures activity. PrimeXBT calculates these fees based on the difference in interest rates between the two currencies in a pair. Gov and actually talk to them instead of ignoring them as they did. Margin trading on PrimeXBT comes with a fixed commission fee of 0. When those levels break, we can expect strong trading activity on either side and prepare accordingly. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of instruments like crypto, FX, and commodities. So, why engage in trading with them. 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. Chainlink tokens are used to pay node operators on the network, giving them a single use.

Disclaimer

PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. Their fees are typically less than $2. New users can claim a $100 welcome bonus on deposits of at least $500. Availability of trading bots for various cryptocurrency pairs. This fee is competitive within the industry and is one of the reasons why many traders choose PrimeXBT. It suggests choosing the platform that aligns with one’s trading interests and needs. PrimeXBT does not document an inactivity fee. Your feedback is incredibly valuable as it affirms our commitment to delivering an exceptional trading environment. The mirror trading platform will link your account to the master trader’s account. Stop losses should also be used in the calculation of your maximum position size for a trade.

TOP3 Recommended Crypto Exchanges:

Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Trading fees are a really important consideration as they can directly impact your profitability in the long run. Here are the most common ways to make money day trading Bitcoin. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. They believe that the momentum will start to pick up in 2025, as Ripple could be somewhere near $4 at that point. By lending your coins out you are not only receiving the interest from doing so, but you can also set terms that see you accumulating the gains that come with the appreciation of the price of the certain cryptocurrency. A buy and hold strategy is also called HODLing in Crypto, which means the investor is buying spot assets and holding them under any circumstances. To explore Cardano further and make the final decision on whether it is worth it for you to invest in it, visit their website, research the ADA token on various exchanges, and check out what internet users have to say. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Cryptocurrency exchanges make money by charging a fee on every trade that is made on their platform « trade fee ». With that said, metals can climb to 1:500. ADA/USD chart on the PrimeXBT platform. Thank you for your feedback. 05% commission on all cryptocurrencies offered by PrimeXBT is a perfect condition for trading. Crypto Deposits: PrimeXBT offers free crypto deposits. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. A quick 3min read about today’s crypto news. Just send bitcoin to that address, and it will appear in your account soon afterward. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled. I don’t know how old your article/review is but I suspect things are stacked against the trader here. Operating globally, PrimeXBT has expanded its presence with three offices worldwide and a dedicated team of over 150 employees committed to providing exceptional trading services. $2,000 by bank card. This product is an excellent passive income and can work great even for newbie traders yet to master leverage trading and covesting but still want to make some money with their crypto. For more information, please see our Cookie Notice and our Privacy Policy. Its innovative copy trading and PrimeXBT Turbo options also provide exciting avenues for traders to enhance their strategies and seize opportunities in the crypto landscape. Head to the « withdraw » page and provide your Bitcoin wallet address. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC.

Related Articles

I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. If you need any assistance in closing your order or have any questions about other trading strategies, please don’t hesitate to reach out to us at. To gain access one month subscription costs $297, the three months cost $397, the seven months $597 and the unlimited subscription is a reasonable $997. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. The spectrum of assets here is big, there are: fx; commodities; crypto; indices;and some others. Best regards,The PrimeXBT Team. It appears to have a lot of the same functionality that you have on the desktop platform. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Cardano’s price may fluctuate, but Cardano as a technology offers a unique two layer architecture, with current developments creating decentralized applications, and is constantly adding new features. PrimeXBT presents an interface that’s both customizable and user friendly. Simply visit the PrimeXBT website, fill in your email and password, and optionally add your phone number for extra security. Trade like a pro, even when you’re on the go, with access to a powerful yet easy to use trading platform in the palm of your hand. Although it has been a significant commodity in the past,. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Opening a trading account typically requires some personal information, such as a full name, email address, personal address, and much more. Titles and posts must be in English. The biggest weaknesses of PrimeXBT as a crypto exchange are the lack of crypto assets and the fact there is no Spot trading. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. Technopedia also seems to follow Coinpedia’s prediction with a positive outlook, reaching $2.

Important Notice

Volet deposits are free, while Perfect Money charges a 1. Withdrawals are generally processed by the broker once each day between midday and 2pm GMT. Prime XBT Blog Has Moved To — primexbt. Users only have to provide an email, choose a password, and optionally provide a telephone number for enhanced security. However, PrimeXBT has an edge if the user seeks to trade other instruments such as FX, commodities, and global market indices. Since the market is decentralized, traders can seize opportunities irrespective of their time zone. Yes, Namibian traders can file support tickets via the PrimeXBT website or email, outlining their concerns for resolution. Withdrawal Crypto only. It will also help you identify if you have accidentally landed on a phishing site of some sort. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Really scary times: Middle east war potential US job cuts First time no carry trade in 20 yearsWith Primexbt though, i’m chill. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. Another great thing is that you don’t need to go through any KYC verification. This model is irrespective of trading volume or maker taker status like with other exchanges. 🤔 When is this happening and what to expect. For USDT, USDC and COV the withdrawal fees vary depending on the network used. My experience with PrimeXBT’s customer support was mixed. Having a micro perspective about the market will allow you to determine your actual trading strategy. Shorting Ethereum on PrimeXBT’s award winning platform is extremely easy. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. These products are not suitable for all investors. Along with the explosion of interest in cryptocurrency, there is a growing need for clarity regarding the legal implications of these new currencies and the technologies that drive them.

Worse

Bybit also felt more modern, ergonomic, and was more aesthetically pleasing in my opinion and felt more akin to a crypto exchange. Nonetheless, many investors are long term believers in crypto passive income streams, and are also those who plan on holding crypto for the long term, therefore making the idea of earning passive crypto income appealing in general. The platform’s stability, speed, and advanced trading tools enhance efficiency and maximize profitability. Not necessarily, but if you do not have a large account, then it becomes necessary. PrimeXBT provides its own bespoke, browser based trading platform that requires no download or installation. This is achieved by borrowing funds from a broker to purchase a larger position. Cryptocurrency exchange PrimeXBT is a multifunctional platform for trading cryptocurrency. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. The risk was only $5 on GBP/USD, and my balance was around $316. PrimeXBT offers leveraged trading up to 100 times the amount you contribute. The value of your investment can go down or up, and you may not get back the amount invested. These wallet solutions come with multi signatory technology that require more than one private key to approve transfers. Prime XBT Blog Has Moved To — primexbt. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. PrimeXBT does not need any specific traffic or sales. The complex interface is unsuitable for inexperienced traders. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. PrimeXBT doesn’t charge any account fees, while deposits and withdrawals are also free of charge. The Chainlink protocol will respond by creating a Service Level Agreement, or SLA, consisting of three separate contracts. Moreover, users can conveniently transact in US dollars.