PrimeXBT

Dear Fabio,We are glad you’re enjoying the trading features on our platform. Users have reported that PrimeXBT’s interface is user friendly, with a logical structure that makes navigation straightforward. The second tool, or set of tools, is the indicator that can be applied on the trading screen. This is necessary to start trading and to comply with regulatory requirements. Whether you’re a seasoned professional or just starting out, this program provides a chance to increase your earnings through referrals. A stop loss order is a risk management tool and added protection traders can apply to any long or short position. It lets users copy top traders, making their trading better. Our platform is designed to provide traders with powerful tools and features to enhance their trading experience and maximize profitability. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. No, PrimeXBT is not available in the US. Here’s how to join PrimeXBT. You can borrow Bitcoin from an exchange at a specified price and then sell it later. This lack of regulation means PrimeXBT does not offer the same level of consumer protection as brokers regulated by prominent authorities. Here are the trading fees on PrimeXBT. I found the KYC process to be straightforward, with my account being verified instantly. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. 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. Have you used Prime XBT Yourself. 6721, and a maximum price of $0. The platform is ok, but Taker and Maker fees on crypto are too hight to be hones. We have the fee breakdown for a selection of assets in the table below. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account.

◾️ What markets can I trade?

While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Furthermore, the standardized contracts can cause issues for retail traders, as it may be risky to trade an entire silver contract as an example, as it controls 5000 ounces. These products are not suitable for all investors. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Date of experience: October 07, 2024. On the other hand, Polkadot brings a lot of innovation with it and has the potential to become a larger player on the market. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. The platform can handle various types of transactions currently, but the vision of Cardano is to become the “Internet of Blockchains. 12 milliseconds on average. 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. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. 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. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. For rates and fees for the Blue Cash Preferred® Card from American Express, click here. Get exclusive marketing tools and affiliate links to earn commissions effortlessly. Blockchain is an open distributed ledger that keeps the transactions public, meaning that it is easy for each transaction made through blockchain to be tracked. For traders who act quickly on market changes, these features are a big plus. Between these two, if you aren’t interested in trading multiple asset classes on one platform, then Bybit is head and shoulders above PrimeXBT. The liquidation price for your position will be automatically recalculated and displayed on the ‘Margin Edit’ screen. The guidelines were expanded in the past, including after the 2008 global financial crisis. It stands out among competitors like OKX and BingX. These fees are displayed at the time of initiating a withdrawal. Follow expert traders effortlessly and replicate their success. The trading platform has a user friendly interface infused with all the tools a trader needs to do business. I don’t need you to hold my wallet, Big Brother. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. How long can I keep a position open. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines.

Payment Method

Celebrate Ramadan with an exclusive 14% Deposit Bonus, up to $7,000. A short position involves selling an asset with the expectation that its price will fall, planning to buy it back at a lower price. From the start, it’s worth noting that PrimeXBT is not a regulated or licensed exchange. Here’s where strategic planning comes into play. Non custodial wallets do not require KYC because they do not manage your funds or handle transactions. 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. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. If you find that you cannot make money trading. For example, you can buy and sell silver for US dollars. Risk warningBefore engaging with this website and the berdagang bersama PrimeXBT 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. Best Platform for Margin Trading. Currently, we do not offer a no deposit bonus. The platform allows players to try some of its features before committing completely to its offer. Profit from the markets by following the experts. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Copyright © 2024 EA Trading Academy.

Prime XBT Security

If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. Yes, PrimeXBT is available for Filipino users, offering a full range of trading tools and services adaptive to meet the needs of the local market. This duration accounts for the necessary security checks and processing time. This will help maintain the security and efficiency of your transactions on the platform. Our clients love how fast and simple our sign up is. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Well, we are not really fans of mobile trading in general. You can trade a variety of markets including cryptocurrencies, forex pairs, commodities, and indices. Trading takes quite a lot of focus and attention, it can also be time consuming and require a mastery of the skill in order to be especially successful. Therefore, PrimeXBT stresses the significance of employing meticulous risk management strategies. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. We’ve also highlighted the importance of developing a well defined trading plan that incorporates risk management strategies.

Futures Trading Fees

PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. This lets users make the most of market trends in different digital currencies. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. Receive the latest news and stay informed. Additionally, withdrawals to a bank card come with a hefty 5% fee. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. It also provides key analysis indicators to help users make informed decisions. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Scam Forex Brokers in Namibia. These are just a few of the options PrimeXBT makes available to you. Prime Technology Ltd is PrimeXBT’s Technology Provider. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA.

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Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The European Council and the European Parliament announced that they will issue regulations to impose stricter rules targeting exchange platforms. We may receive a commission for purchases made through these links. In cross margin mode, this changes since the total of all your account and your realised P/L can be used to trade and be your margin allocation simultaneously. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. The reason to trade via leverage is to increase profit potential. The platform has a great payment process👏🏻. Do not post misleading information. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. 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. Learn more about Baksta’s Legal Terms. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Still, their 24/7 support means help is always ready, anytime. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Join the Questrade Affiliate Program and earn $70 for every referred customer in the finance and insurance industry. I highly discourage using PrimeXbt as a broker. It is a wide ranging company that aims to welcome traders from all walks of life, who may all have different goals in mind. When it comes to funding your trading account on PrimeXBT, flexibility is key. If you trade intraday, you are more likely to sit and watch the trade unfold.

Trading Bots

The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. This can be accomplished by backtesting and knowing that the system is not only profitable but how it behaves over the long term. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. 2 months ago 102 views. Keep reading to learn who topped the leaderboards in July 2024. 8 for PrimeXBT Futures Pro. Using an incorrect deposit address can result in lost funds or failed transactions. Thank you for acknowledging the efforts we’ve put into creating a diverse and supportive trading environment. Trade 100+ markets like BTCUSD, EURUSD and SP500. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. The second information to look for is the traffic source PrimeXBT accepts, which explains what platforms you can use to promote your business. Unfortunately PrimeXBT don’t provide demo accounts for traders. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Trading involves risk. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Na página ‘Margem’, selecione a conta de margem apropriada, insira o código promocional e clique em ‘Ativar’. With an all time profit of 111. PrimeXBT’s focus on direct support and comprehensive guides ensures that users can quickly find answers and resolve issues. In the next section, we will discuss the importance of continuous learning and how to improve your short selling skills over time. My experience with PrimeXBT’s customer support was mixed. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Platforms like GhostSwap, CoinEx, BingX, MEXC, and PrimeXBT offer robust solutions that cater to these needs, each with unique features and advantages.

Unlocked: Crypto Handbook!

The exchange offers features like flexible leverage, a dual matching mechanism, multiple order types, and one of the most robust matching systems in the trading space. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. To take advantage of and claim the Welcome Bonus offer. Leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the risk of losses. It works well for creators and influencers in investing and finance niches. This tradition is upheld when it comes to futures, too. Want to trade Bitcoin. PrimeXBT services are not available to users or residents in the following countries. The concept of Moving Averages is relatively straightforward. Some withdrawals might require manual processing for security reasons. How to sign up and use Prime XBT. By analyzing the market before getting involved, you can approach the market with a plan in advance, instead of trading based upon the emotions of the moment. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Changes will take effect once you reload the page. With its easy to use account structure, PrimeXBT gives traders all the resources and tools they need to trade successfully in a variety of markets. Getting started with PrimeXBT is quick and hassle free. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. 005 BTC, signifying a potent approach in a short span. The remaining $1,000 in your account can be used to open additional trades. The copy trading interface is quite neat and simple to use. Advcash account email address used to make a deposit will be preselected automatically. It’s important to consider this fee when planning to withdraw funds. Granted, these awards are given by Forex Awards, an association that likely doesn’t deal much in crypto. This is where the phrase “Plan the trade and trade the plan” comes into fruition. The following data may be collected but it is not linked to your identity. To short BTC, you simply have to bet on the price of the primary cryptocurrency declining. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. The trading fee is a flat rate of 0.

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This data reflects SHIB’s outstanding performance on the Cryptocurrency market, underscoring its high level of liquidity and active engagement from traders globally. These buttons allow you to transfers funds from your PrimeXBT Wallet, to your Turbo balance, and vice versa. Another essential method for identifying and preventing rug pulls is the use of screen tools and rug pull Crypto checkers. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. To make a withdrawal to a new Account ID, users are first required to make a deposit with that Perfect Money Account ID,. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. PrimeXBT offers exciting rewards and bonuses to its users, just for completing tasks. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. The MA200 is in fact providing Support, keeping the price sideways within the trend line and the Resistance. 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. Putting too much money at risk can lead to huge losses, while being too cautious might mean missing out on profits. Positions closed before the start of a new trading day 00:00 UTC will not be charged at all. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. Our website uses cookies. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Leverage trading, also known as margin trading, allows you to significantly magnify your profits in the markets. The platform is user friendly without compromising security, which is yet another reason for more experienced traders to prefer it. Download the PrimeXBT app to trade, manage your investments, and stay updated with real time market data. You think that the Ethereum price will go up, so you buy 200 of ETH’s at $314. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. You can also sort markets by name and 24 hour change. Price prediction table. At PrimeXBT, we’re turning up the heat during the Euro 2024 tournament with an exclusive giveaway that could see you. Companies can ask for reviews via automatic invitations. Our caring managers will tell you how to maximize the returns in your particular case. Leverage: PrimeXBT offers leveraged trades across a number of cryptocurrencies, increasing your potential gains and potential losses.