What is Prime XBT?

Dear Julia,We’re pleased to hear that your experience with PrimeXBT has been positive, especially regarding our supportive and accessible team, frequent updates, and platform reliability. Thank you for choosing PrimeXBT. PrimeXBT supports trading Crypto, Forex, Commodities CFDs, and Indices CFDs. PrimeXBT boasts an average order execution speed below 7. On Prime XBT, traders can access a variety of analytical tools to study these trends, including long term chart overlays, growth trend lines, and predictive modeling features. The copy trading interface is quite neat and simple to use. The profit sharing model is designed to align the interests of strategy managers and followers, but as with all trading, results can vary and are influenced by market volatility. The more successful your referrals, the more you can earn. 66767197 USDT Long 4000, SwapRate=0, InterestRate=0. Promo code is a unique alphanumeric code that allows receiving a bonus on your deposit at PrimeXBT. To transfer Crypto to your trading account,. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. The overall trading interface is straightforward and easy to work with. Aside from being able to trade multiple asset classes on a high performance trading engine and interface, being able to compete in trading contests without risking your own capital is an awesome feature which I am sure will only increase the popularity of the platform. IOS and Android apps make trading on the go easy.

PrimeXBT fees

This is why the market is open 24 hours a day because the banks are global in scope. Operating from its base in the Marshall Islands, PrimeXBT extends its services to over 150 countries, underscoring its global reach. Apply today or share this post with your network. The promotion is active from 11 March through 9. Per its account, it deploys an extensive cyber security framework, two factor authentication, Bitcoin address whitelisting, and cold storage of assets. To the uninitiated, it looks just like an OKX product, greatly lowering the barrier of entry and satisfying the curious minded. The Covesting module highlights top traders and their returns, allowing users to invest and create funds rated by capital and ROI. If you have any further questions or require assistance, please don’t hesitate to reach out to us. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. All prizes are in the form of trading bonuses, which traders can use as margin to open positions in actual trading accounts. Here’s a breakdown of the fees for the ERC 20 and BEP 20 networks. Established in 2018, PrimeXBT Trading Services Ltd PrimeXBT has emerged as a versatile online exchange platform, catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. Crypto futures trading on PrimeXBT allows you to speculate on the future price movements of cryptocurrencies like Bitcoin BTC, Ethereum ETH, and other digital assets. Thank you for choosing PrimeXBT, and happy trading.

Author

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. Find out how to deposit and withdraw funds, purchase Cryptocurrencies, and fund your Trading account. Here is a look at the margin requirements for the 11 supported indices. From its launch, Prime XBT has experienced rapid growth in a short time, as it has customers from 150 different countries. Experience competitive spread fees starting at 0. It stands out with user accessibility spanning over 150 nations globally. Supporting multiple languages English, Spanish, Portuguese, Chinese, Japanese ensures global accessibility and user comfort. As a FinCom member, PrimeXBT and its customers will benefit from a range of services and membership perks.

Risk managing CFD trades

For example, all of the best exchanges should possess top tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. Here is a look at the margin requirements for some of the 51 forex pairs available. Within a working day or immediately. Using these payment methods on platforms like Prime XBT is straightforward. The fact that it allows the trader the ability to control a larger position than usual means that it can carry outsized losses if not approached properly. The responsive design facilitates trading on various devices. With CFD trading, users opt for leverage to trade without paying upfront for their positions’ full values. The platform’s focus on user friendly navigation, comprehensive market research, and robust security measures further underscores its commitment to providing a reliable and versatile trading environment. Create your free account or sign in to continue your search. Date of experience: May 12, 2024. Required fields are marked. 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. In the Cryptocurrency Service category. Beginners should generally opt for lower leverage ratios to minimise potential losses, while experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. Here is a look at the margin requirements for some of the 51 forex pairs available. BTC/USD chart with the ATR indicator on the PrimeXBT platform. The exchange only charges two fees for trades and financing positions overnight. Limited to one exchange. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. Munger cited the Chinese communist party’s ban on. You’ll receive a prompt if the chosen amount is below or above the limit. Register an Account Now. In the fast paced world of decentralized finance, investors and traders need a way to guide and protect themselves against potential malicious projects. It’s great to know that our platform helps you effectively allocate risks, which is crucial for maintaining a balanced and resilient trading strategy. The VPN server decrypts the data and runs your query to the desired website. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. This update includes: — Updated Profile Screen— Improved “New Order” form— Optimised “Orders and History” tabs— Improved “Deposit Page” with the logos of supported cards and payment methods made more visible. Withdrawals are processed once a day between 12:00 and 14:00 UTC. PrimeXBT enhances user security through measures such as. What you see is what you get.

Five Things to Know in Crypto This Week: SEC vs Ripple, US Jobs, and Yen Carry Trades

Though, where PrimeXBT is pretty cool is that they also offer forex trading, commodities like gold, silver, oil etc. They also offer practice accounts with fake money and the ability to copy the trades of experienced traders, making it easier for beginners to get started. Make smarter trades, seize opportunities, and refine strategies — all in one platform. You cannot get it just by registering and making a deposit. These added tools will come in handy in preparing strategies and learning from mistakes. Qolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibham liber tempor cum soluta nobis eleifend option congue nihil uarta decima et quinta. For day traders who engage in futures activity, the ability to look at minute by minute chart details is a godsend. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. Trading on margin is extremely popular among retail traders as it allows for a significant market exposure with a relatively small trading account. He teamed up with former lawyer Joyce Kim to launch Stellar as a platform for everyday use. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. When you borrow on margin, there is a bit of interest to pay nightly, so if you hold the position overnight, it is going to cost a small bit of interest that will be calculated automatically. Multifactor authentication is now standard for all account holders on Bybit and PrimeXBT. Cryptoradar helps you find a PrimeXBT alternative that suits your individual needs. For investors keen on testing their trading skills, PrimeXBT’s Contests are a must visit. Market conditions play a significant role when choosing between cross margin and isolated margin. The margin is the name for the revenue you have to invest. Since its inception in 2009, bitcoin, the world’s oldest cryptocurrency, has attracted the attention of fans, investors, scammers and more recently, regulators. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. In terms of the reviews by other traders, they appear to be quite mixed. All in all, PrimeXBT is an ambitious player in the crypto futures trading sphere. Verification can help ensure real people write reviews about real companies. Also, do not use the same password for your email and for other services, as this could compromise your account should someone get ahold of your credentials. In an interview with Thinking Crypto, Bitboy Crypto didn’t hold. Accept the Terms and Conditions by clicking the check box. Bitcoin leverage trading allows you to control more sizable positions and make more profits. At PrimeXBT, we constantly strive to innovate and provide a superior trading experience that meets the needs of our clients.

BYDFi

06 during the latest cryptocurrency market bubble. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. You can open max position of 2 BTC. Learn about our methodology. This includes margin trading which incorporates leveraging. Date of experience: July 12, 2024. Another unique feature of PrimeXBT is the ‘Exchange’ option. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. Access to trading Forex, Indices, and Commodities, such as Gold and Oil, can open up new opportunities, providing the possibility to trade on market movements resulting from economic events and trends. 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. This isn’t necessarily going to be an easy move, but they think the hype will return to the crypto world sooner or later; Shiba Inu should get some attention before it is all said and done. The fees on Bybit will also vary depending on which market or contract is being traded, you can find a full breakdown on the Bybit trading fees page. It is a great diversification hedge. The name “Margin Call” is a throwback to the old days when a stockbroker would call a trader and ask them to deposit more margin in an account. Security is always the no. While we strive every day to ensure the highest possible accuracy for importing transactions from PrimeXBT to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Serving clients in more than 150 countries, PrimeXBT is a Bitcoin based margin trading platform that offers instant access to over 30+ assets, including Crypto, Forex, Commodities, and Indices with real time market data. With over a million users in 150 countries, PrimeXBT offers a comprehensive trading experience for both beginners and seasoned traders. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Ensure these limits align with your trading needs. Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity. Overtrading means opening trading positions out of the risk boundaries that you’re able to manage.

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You can find a full breakdown of their fees on the PrimeXBT fees page. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. 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. Because of this, taking precautions is the best thing you can do to prolong your trading career. Best regards,The PrimeXBT Team. There are a host of benefits when it comes to margin trading, not the least of which would be the ability to trade in much bigger positions than would normally be the case. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click. However, its unregulated status and limited asset selection can be potential drawbacks for other traders. Referral Program: PrimeXBT offers a lucrative referral program. The fees are available for Cryptos, Forex, Commodities, and Indices. Anyone can write a Trustpilot review. Here are some of the PrimeXBT features that enhance customer experience, making trading accessible and lucrative to over a million traders worldwide. 001 BTC in your wallet. Warning ⚡️: Trading leveraged futures products is incredibly risky. Furthermore, trading at PrimeXBT allows traders to not only speculate not only in the Ethereum market but also on falling prices if they believe the market is going to drop. Optional KYC and a demo account for practice are also available. PrimeXBT awards prizes for virtual trading contests. Overall, PrimeXBT is nowhere as near refined as the best crypto mobile apps. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. This groundbreaking technology has ignited an entire sector focused on revolutionizing traditional finance, with cryptocurrencies already making strides towards widespread adoption and routine usage by the general public.

TOP3 Recommended Crypto Exchanges:

But, it’s important to know it doesn’t work in the US and UK. 16% maker fees and 0. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 82 cryptocurrencies. Bitpanda is a cryptocurrency broker based in Austria that launched its service in and offers individuals to buy and sell more than 82 cryptocurrencies. 002 ETH when it comes to withdrawing Ethereum. They expect the year 2023 to see Ethereum trend lower, with an ETH price prediction of a yearly low in November of $598. Additionally, PrimeXBT offers zero commissions for trading commodities, forex, and indices, making it cost effective for traders. If the market falls, then it is the buyer that loses. 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. How long can I keep a position open. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. It has a good level of volatility, and the volume ensures that trades are executed quickly.

Important Notice

PrimeXBT offers one of the best crypto affiliate programs where individuals can earn money by promoting the platform to others. PrimeXBT does not support API connection at the moment. It seems that this broker is higher level than platforms I have traded on. The market has a fundamental structure that makes it behave in a particular manner. After agreeing to the terms and conditions, complete the registration by entering the 4 digit PIN code sent to your email. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. To further downplay its usefulness, there are limits on the volume that can be swapped daily, even for verified users. PrimeXBT specializes in CFD trading, allowing traders to speculate on asset prices without owning them directly. The platform provides deep liquidity by partnering with top liquidity providers, allows you to tailor leverage to your risk tolerance, and lets you hold trades longer without high costs.

Unlocked: Crypto Handbook!

Inexperienced investors sometimes risk losing all of their money, especially if they do not understand how to appropriately use this tool. After assets are chosen by the trader, and they have familiarized themselves with the platform’s trading tools, along with the basics of technical analysis, it’s time to begin planning out trading strategies, and applying more advanced risk management tactics. A quick 3min read about today’s crypto news. If the trader was doing business in a cash account, it would require a full $10,000 deposit. From the moment I started using it, I knew I had found something special. Cosmos and Polkadot used a proof of stake mechanism, but they use significantly less energy than other blockchains that still use proof of work. Labeled Verified, they’re about genuine experiences. Charts allow traders to perform technical analysis to identify entry and exit points. PrimeXBT also uses SSL encryption for secure communication and bcrypt for password storage. When trading with PrimeXBT, you get access to CFDs on a wide range of financial instruments, allowing you to efficiently diversify your portfolio and take advantage of leverage and margin trading. For example, if a trader goes short on Bitcoin at $54,000 and the price falls to $52,000, he or she would net a profit of $2,000. Date of experience: July 14, 2024. State of the art capabilities normally only available to professionals are packaged into an intuitive, easy to use platform anyone can master. PrimeXBT is currently offering a welcome bonus to all its new users that directly increase the funds that you can use to trade. Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. The platform also provides advanced trading tools powered by TradingView, allowing traders to develop and execute personalized strategies. So as always, it’s very essential to approach leverage trading with a solid understanding of all the risks involved and choose a platform which aligns with your requirements and expectations. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. Bằng cách chấp nhận sử dụng cookie của chúng tôi, dữ liệu của bạn sẽ được tổng hợp với tất cả dữ liệu người dùng khác. On the platform, you can trade BTC, ETH, XTZ, LTC, XRP, LINK, ONT, BCH, ADA, TRX, and NEO against USDT for free. Companies can ask for reviews via automatic invitations. There is only one type of UI for all, i. ForCommodities, rates now range from just 0. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom.