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What is PrimeXBT?

The financing rates for opening long and short positions are low. This project has firmly established its place in the crypto market and is only gaining popularity. 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. Another window will appear displaying the credit or debit card information, bank information, and personal details related to the transaction for users to fully review. For your direct referrals, you will receive 20% of their trading fees paid to your account. PrimeXBT takes the crypto side of crypto seriously. In terms of community, both platforms demonstrate active social media engagement. Check out the trading platform at start trading with us. This 1h chart shows the recent BTCUSD price actions. It seemed to me something cool and exciting. Returns or profits may be subject to capital gains tax. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. Select the ‘PrimeXBT Wallet’ option to transfer funds after the purchase directly to your PrimeXBT account Wallet. With so many crypto leverage trading platforms on the market, singling out the best for you can be a tall order. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term exchange. Our website uses cookies. The current Spread for a particular order size can be checked at any time using the ‘Dashboard’ widget. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. Traders can also choose to transfer purchased coins directly to trading account balances to use as collateral for trading across more than 100 instruments, including Crypto Futures, Indices, Commodities, and Forex. Essentially, there are two major areas we need to examine. For traders, PrimeXBT aims to provide opportunities to increase earnings, even during the current economic conditions. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. Transactions incryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidentaltransactions may not be recoverable. The former is a fee that is charged for entering the position and the latter is for financing the position overnight.

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PrimeXBT Trading Platform

By clicking follow, followers will automatically copy the trades the strategy makes, earning a profit passively without all the hard work of trading. However, it is crucial torecognize that leverage can magnify both profits and losses. You control your own contributions. Click the green ‘Continue’ button to proceed. Futures markets, spot markets, options, stocks, and ETFs are all possibilities. For example, if you have active orders open you can choose to enable email notifications if there would be any changes to the positions. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. They have also designed this platform around “widgets”. Stellar will reach $0. It is also advisable to invest only with regulated exchanges. For this guide, we will use Crypto, as the pair that we want to trade is the BTC/USD. All users will benefit from being able to trade different kinds of assets including cryptos and major stock indices. 50 level, and the order is triggered. Crypto: Supports Crypto Fiat and Crypto Crypto trading. Thank you for choosing PrimeXBT. Select the trading account where you wish to transfer the funds. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. However, their platform is hit and miss, with small charts, which are definitely not user friendly. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click. Support and resistance levels are inconsistent, as they change based on the price movement. Withdrawing is quite easy, requiring only a quantity and a whitelisted crypto wallet address. Let’s have a brief introduction of the two platforms here. It offers trading services in forex, leverage, stocks, and crypto. When it comes to funding your PrimeXBT account, you now have numerous options to work with.

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PrimeXBT Reviews

With that said, the lack of regulation means traders will receive limited safeguards. Polkadot will reach $511. So, you choose to sell BTC at $60,000 for a total short position of $600,000 in value. MEXC is a global crypto exchange without mandatory KYC. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. This means the cost remains the same, regardless of the withdrawal amount. Our traders are already comfortable and familiar with user facing protections, such as compulsory address whitelisting, two factor authentication, and more. As is the case with any exchange, there is always a possibility of hacks. After all, we asked, ‘Is Phemex legit. We should note that we carried out much of this review on the PrimeXBT app. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. Receive the latest news and stay informed. There have been a lot of concerns with decentralized finance operations, many of which have seen a collapse in use. 44% change over the current price. Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. Bonus is added to the account’s Equity and thus can be used as additional collateral to open positions;. Usually its market value drops, but that’s if there isn’t demand for said token. Click on the blue ‘Save’ button to confirm the changes. The wide range of coverage PrimeXBT offers is what makes this so popular. Go to the Main page and click on the corresponding Wallet. This utility Scambio PrimeXBT reduces trade fees for all trades within a Strategy provides a discount of 10%, 20%, or 30%. Here is how to take a more defensive position with your capital while still remaining exposed to profits using powerful PrimeXBT trading solutions. PrimeXBT shall not be liable for any claims, costs, expenses, losses, or damages suffered by any person as a result of the Promo campaigns and Promo campaign rules and conditions. To protect your account, please change your password at this link: and enable 2FA. On the other hand, a short position will give you profits when the price of a cryptocurrency drops. Fortunately, you can start with smaller position sizes and work your way up as you gain more experience in trading. Because of this, there’s no solid floor in terms of Ethereum investing. The total supply of SOL is limited to 488,630,611 tokens, with some of them allocated for funding the development of the ecosystem. CFDs track the price of the underlying asset, in this case, Bitcoin, and traders can profit from the differences in buying and selling prices, just like they would if they had bought a Bitcoin on an exchange.

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Platform Features

Cryptocurrency and NFT trading are popular ways to make money in 2023. Passive investing is another way to fortify one’s holdings consistently. However, leverage is a double edge sword and should be used with caution by only experienced traders. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. For example, if you open a Bitcoin position on PrimeXBT using $1000 worth of BTC on 10x leverage, your full position will be worth $10,000. Specifically, they were used between the producer and wholesaler of an asset, say a farm good like cattle or wheat, to reduce their risk and ensure the price of an asset in the future, e. This leaves the trader with $9,960 left. It only accepts crypto transfers from other exchanges or digital wallets in. When leveraged trading, it’s important to know that margin trading offers both big opportunities as well as risks. PrimeXBT does not currently cater to trading bonuses and there are no current initiatives to reward loyal customers. By activating the memberships mentioned above, users can receive several benefits such as lowered trading fees or increased followings. With cross margin trading though, there are essentially no margin requirements, your entire balance and realised P/L can be used to keep a highly leveraged position open.

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Leverage Review

You can find a full breakdown of their fees on the PrimeXBT fees page. Those in the trading game would appreciate the clean and easy to navigate interface coupled with the variety of trading options such as spot, derivatives, margin, futures, perpetual swaps, and options markets. Our forecasting model sees Stellar reaching $1. “If not the latest primexbt review I wouldn’t even know that this exchange has a copy trading platform. Keep in mind the current price of the digital currency is around $72. It can also include futures contracts, so when you get a mix of a handful of companies and the underlying asset itself, it can mitigate quite a bit of risk. You may choose from a variety of crosshair settings. The world has witnessed the rise of this industry from just millions of dollars to a multi billion dollar industry. This is impressively fast and means that traders are less likely to experience slippage. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This is a highly thoughtful system, as each star is representative of something special, rather than an abstract sign of positive activity. Thank you for choosing PrimeXBT. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. ETH and BEP 20 tokens COV, USDT, USDC require 10 block confirmations which usually takes around 1 minute. 18+ and Gambling: Online gambling rules vary by country; please follow them. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. Litecoin price today is trading at $72. Copy the best performing traders and get same returns. So how do you know which one is right for you. You can, for example, open a 0.

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Does PrimeXBT Offer Social Trading?

The Algo is the crypto currency of the Algorand blockchain. You can close your running positions on PrimeXBT using either a market or limit order. Yes, leverage and margin requirements differ between a Strategy trading account and Regular trading account. To trade Cryptos, go to the Trade dropdown menu and select Global Markets and your margin account. To gain more information about leveraged/margin trading read our how to trade Bitcoin guide. Only verified accounts are eligible for the USD 60 bonus and are only awarded when the referred user also completes account verification. A Stellar price prediction for 2025 remains difficult at this point, as the coin is much smaller than others. Low tier regulators tend to offer the least comprehensive oversight of brokerage firms. As a completely Bitcoin based exchange, Prime XBT operates in an almost borderless global manner with minimal compliance to regulation. No deposit bonus still available. The communication tools that Exchange Valet built are also useful. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV. Each account on the platform has a 24H withdrawal limit of $20000 or its equivalent in other currencies in total for all of your submitted withdrawals. A life long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Stellar makes it possible to create, send, and trade digital representations of all forms of money: dollars, pesos, bitcoin, pretty much anything. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. This will redirect you to the page below where you can clearly see all accepted payment methods and fees charged. If negative balance exceeds Bonus due to trading losses and/or fees and commissions paid, the Bonus is considered to be spent. PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. I actually timed it correctly and got out of two long positions as it dropped. 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. You control your own contributions. Not all predictions are going to be neutral and without conflicts of interest. Customisable features include the arrangement of widgets, such as order books, trading history, and watch lists, ensuring that users have easy access to the tools and information they need to make informed trading decisions. In the real world, you will put up the initial margin, which will vary depending on the market.

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In the case of stocks, the most common borrow percentage is 50%, meaning that you now can buy up to $20,000 worth of Company ABC. Should a client decide to transfer funds from Wallet to Trading account to cover an existing negative balance, negative balance protection will NOT be applied to reimburse transferred funds. There are 3 options to fund your account. 0001% for forex trading, but they change depending on what you’re trading. There, you can click Buy Bitcoin to purchase Bitcoin directly with your credit card or debit card, using a variety of accepted fiat currencies. Following news that investment behemoth Franklin Templeton Investments have also filed a spot BTC ETF application last week, sentiment in crypto markets improved dramatically, as market watchers grew more confident that the approval would eventually be obtained by at least one, if not several, of the Wall Street giants. See our Following Quick Start tutorial on how to begin Following a Strategy. Bitfinex is a cryptocurrency broker based in Hong Kong SAR China that launched its service in and offers individuals to buy and sell more than 28 cryptocurrencies. Bonus is added to the account’s Equity and thus can be used as additional collateral to open positions;. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. As mentioned above, only Bitcoin deposits and withdrawals are supported.


49% or a flat fee for small trades. To protect your account, please change your password at this link: and enable 2FA. You will head on over to your dashboard section. Current Followers’ Equity, ETH. 93 cents over the course of 6 months, that means you made a profit in satoshi value as well as USD value through bitcoin. In addition to the United States, PrimeXBT also restricts its services to Japan, Saint Vincent and the Grenadines, Canada, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, United States outlying islands, American Samoa, and Russian Federation residents. Users are able to exchange a large range of markets using Bitcoin as leverage, including Forex FX, cryptocurrencies, commodities and index. Your account can be fully anonymous, and you’ll have no trouble trading assets on the platform. Choosing one over the other is not an easy thing to do as they appear quite similar at first and both provide lots of features to the traders. Every account has its unique deposit address. We are committed to maintaining transparency and integrity in all our operations.

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Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. You might also like: PrimeXBT Sign up Bonus. This section guides you through the platform and explains how to place and cancel the order. Initial Follower’sEquity IFE cap. 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. PrimeXBT operates as a multi wallet trading/exchange platform. PrimeXBT charges two different types of fees: a trade fee and overnight financing. So if you want to enjoy margin trading Ethereum, Litecoin and Ripple are just some of the alternative crypto options that you’ll find here. Like Bitcoin and Ethereum, Stellar relies on blockchain to power the network, but the result is a much faster, cheaper solution. The best exchange for crypto trading on PrimeXBT. Make sure to additionally review our special guide about Account verification. 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. This provides an excellent opportunity for both experienced successful Traders and Followers to earn and greatly boost each other’s profit potential. In addition to the United States, PrimeXBT also restricts its services to Japan, Saint Vincent and the Grenadines, Canada, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, United States outlying islands, American Samoa, and Russian Federation residents. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. PrimeXBT provides wallets for BTC, COV, ETH, USDC, USDT, and US dollars. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made.

PrimeXBT Covesting

Last but not least, my favorite part about Prime XBT is its well designed platform that is super user friendly. This duration accounts for the necessary security checks and processing time. By using our platform, you have the ability to go long or short, and with leverage to maximize potential opportunities. Our 24/7 support team here to help. The company has over 40 employees, 3 offices and an average daily trading volume of over $540 million with more than 170,000 daily trades. For this example, we will be making a Bitcoin deposit. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. This program allows customers to be partners on the Primexbt platform and earn a stable income simply by bringing new customers to the website. NEAR Protocol uses a native token called NEAR, which allows users to pay fees for transactions, run applications and pay for storage. The total number of different crypto pairs that’s available to be traded on this specific exchange. PrimeXBT reviewTable of contentsPrimeXBT reviewBitmex reviewLeverage and trade size of Primexbt and Bitmexcryptocurrency trading primexbt. Compare the costs from the various exchanges reviewed and opt for one that doesn’t stretch your bank balance. Blindly following a so called expert, they disregard the importance of running their own research and executing proper technical analysis of the market and the asset they wish to acquire. PrimeXBT’s copy trading is a win win investment method that frees you from the emotional burden, time, and uncertainty associated with trading while providing returns identical to those of the most experienced investors. PrimeXBT does not charge any deposit fees.

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There are several different types of copy trading, such as mirror trading and social trading. Via the Main page, users can view. We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC 50%; 35% in a basket of big cap coins and the rest in small projects with huge upside. Best regards,The PrimeXBT Team. Yes, PrimeXBT offers 1:100 leverage on all cryptocurrencies, commodities, and indices available on the platform and 1:1000 leverage on Forex majors. XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open source technology and that. Crypto Withdrawal Fees. PrimeXBT is my first choice for trading. Similarly, a position of $100 would require only $0. Perfect Money Account ID used to make a deposit will be preselected automatically. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. XRP maxes out at x175, BNB is set to x75, LTC, MATIC, and ATOM offer x50, and TRX can reach x30. User PrimeXBT Crypto Futures reviews talk about the platform having a x200 leverage it’s something that I’ve discussed earlier, as well. Both platforms offer some of the lowest fees in the industry. These products are not suitable for all investors. The channel is administered by three individuals and it conveniently covers three time zones – Miami, Moscow and New Deli. Try a free demo account today, or register for a free trading account. Unlike physical cash, a cryptocurrency is a virtual asset, and it can be used as a medium of exchange, just like traditional fiat. However, because the cryptocurrency space is still relatively poorly regulated this can be a risky idea as your opportunity for recourse if things were to go wrong with your loan contract. If the Status page was closed before the verification was completed, the current ‘Status’ of your account will be reflected as ‘Pending’ in the ‘Account verification’ sub section and you will be able to return to the Status page by clicking ‘Verify. While this can amplify your gains, it will do the same for losses. After all, even if a trader has been somewhat successful in the past, the reality is that it does not necessarily mean that it will work out in the longer term. In a long trade, they are betting that the currency price will increase in the future, and they will be able to collect profits. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. Withdrawal fees on PrimeXBT are applied as flat fees. With copy trading, there is no need to have a personal trading strategy. Does PrimeXBT offer margin trading or leverage. Please check the promo campaign rules. Click on the Margin Type of any of your positions in the ‘Positions’ sub section to open a special sub menu to manage them. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.

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Coinpedia’s TRON price prediction is similar to Wallet Investor’s, with a $0. The XRP price prediction for 2025 depends greatly on who you ask to be honest. PrimeXBT gives users the tools to perform technical analysis using Chart drawings and technical indicators. As soon as the bounce off began, my position was closed. 💕 Love is in the air at PrimeXBTEnjoy ValentinesDay with a 14% Deposit Bonus, up to $7,000 on your first deposit. Search for a crypto trading platform that is light on fees, or it can quickly eat into profits. 3️⃣ Select the desired payment method Thailand, Vietnam or Brazil. If there is no seller on the market, you can’t buy. Users are able to exchange a large range of markets using Bitcoin as leverage, including crypto, forex, commodities, and indices. Cardano has established itself as a prospective participant in the blockchain sector thanks to its scientific base, distinctive features, and emphasis on sustainability. PrimeXBT offers a variety of withdrawal methods to accommodate your needs, ensuring quick and secure access to your funds. Signing up for a PrimeXBT account is quick and easy. Stop Loss protection orders are delayed orders that are triggered when the ASK/BID price of an asset reaches the price specified in your Stop Loss order. Rewards are unlocked every ten minutes as each new block gets validated and added to the blockchain. While some are more straightforward and beginner friendly than others, you shouldn’t encounter any difficulties with either of the top rated exchanges. Here are the main points of a powerful copy trading strategy. Upon registering, users automatically receive a BTC margin account. The scary part about trading is that when you are still new and beginning, you are going to make mistakes, but these mistakes will cost you — and they will cost you real money. The platform’s advanced risk management features and adjustable margin system further contribute to its appeal for traders of all skill levels. To trade Forex CFDs with us, the trader needs to deposit just 0. To calculate the profit you have made, you multiply the difference between the closing price and the opening price of your deal by its total size. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework.

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Now you have an open leveraged position on PrimeXBT. PrimeXBT account holders can generate reports to view trading and transfer activity via the Reports page. The signals it provides are easy to read and can point out when reversals are about to occur. If you want to trade like the pros without any effort, PrimeXBT’s copy trading is for you. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. When Bonus is active, Balance may become negative due to trading loss or fees incurred. In most cases, passwords are retrieved by hackers from earlier leaked password databases from different services. Cryptocurrencies can be traded with PrimeXBT 24/7 as markets do not close. Here are the most popular and frequently used abbreviations. Cryptocurrency based on blockchain technology gained hype in past years. The Bitcoin price demonstrated impressive market action and increased significantly in the course of the last week. This average customer rating is based on 7 PrimeXBT customer reviews submitted by our visitors. Com just before completing your purchase. Therefore, we wanted to share the following bulletin with the community to protect you from criminals and other bad actors. Clients enjoy the confidence of trading with an award winning brand, committed to security, and benefit from 24/7 support. Forex No Deposit Bonuses. Ethereum network ERC 20. This article explores all about Ethena ENA, the 50th Project on Binance Launchpool, from its technology, tokenomics to the investors. ⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. Additionally, you may choose short or long, as well as a lot of different indicators, tools, and lines to add. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. You can open max position of 2 BTC. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. However, if you are a beginner trader and use these features, you can choose PrimeXBT’s demo option. Plus with some interesting packages like a savings account where you can earn interest, it seems that PrimeXBT has got all of your crypto needs covered. This is because they are one of the few exchanges that do not complete KYC or AML checks on their traders. 01 BTC, you cannot claim the 35% bonus. I understand the risks of trading and actually like the platform but I’m sitting here feeling very cheated by this liquidation that occurred.

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The platform supports trading across multiple asset classes, such as stocks, indices, commodities, and forex pairs. Their platform is easy peasy to use and orders are executed exactly at what price you set, it helps a lot, and I like it the most. PrimeXBT also has leveraged trading for various assets, which is one of its main selling points. Make sure to review our special article about the Affiliate program here. Comments:At first, I could understand how to use the analytical tools available on PrimeXBT. Click the blue ‘Confirm’ button. You don’t have to enter your real name. Get huge savings on the biggest crypto brands with custom discounts and deals. However, to qualify for this bonus, you need to make an initial deposit of at least 0. As we have repeatedly demonstrated, we value the security of our platform and the safety and privacy of all users. Enter your Email and set Password. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. If no slippages in the crypto market, especially during nighttime trading, PrimeXBT would be a perfect platform for me. PrimeXBT also packs built in technical analysis software and other risk management tools to keep losses to a minimum, limit drawdowns, and take profit at critical levels.