What Everyone Must Know About PrimeXBT Trustpilot Review

Platform Perdagangan PrimeXBT

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. These services are governed by the legal terms and conditions of PXBT. Our website uses cookies. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. Check out our top picks for the best centralized crypto exchanges. All of which is a timely reminder to be careful when margin trading. No, US citizens cannot use PrimeXBT as the platform restricts its services to users or residents of the United States of America. Secondly, major coins like Bitcoin are currently experiencing periods of consolidation. Its sleek interface pulsates with algorithmic guidance, pre built strategies, and a vibrant community to learn and compete with. This process ensures the integrity, relevance, and value of our content for our readers. Futures trading fees are at the lower end compared to other crypto exchanges, with a 0. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. It is also worth pointing out that the PrimeXBT copy trading minimum deposit is simply as low as it would cost to cover the lowest margin trade in question, which is great for beginners. The company’s website has a table showing swaps for all cryptocurrencies. 075% taker fees and a 0. Note that registration on the site is very fast, no verification is required, so you will be able to start trading cryptocurrency almost instantly. Check out the fees section to confirm the exact fees on the day. 45 since, as you can see in the chart above. Dear Yago,We’re pleased to hear you find our trading interface modern and user friendly. Channel name is account YOUR ACCOUNT ID. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. No, PrimeXBT is not regulated, which can be a concern for potential investors. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases.

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Cryptographic hashing protects account passwords, and the website uses SSL encryption and Cloudflare DDoS protection to prevent any unwanted downtime. The rapid proliferation of new technologies, products, and related services has spurred incredible innovation and inclusion in the world of finance, but it has also created new avenues for criminals and terrorists to launder their proceeds or fund illicit financial activities. The maximum deposit bonus you can get is 1 BTC that you can use for trading on the platform. We’re always working to improve. The minimum payout balance is $100 for affiliate income withdrawal. USDT and USDC TRC 20 tokens require 20 block confirmations which usually takes around 1 minute;. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. The guidelines were expanded in the past, including after the 2008 global financial crisis. PrimeXBT offers competitive Avaliação do PrimeXBT no Trustpilot spreads, which can vary depending on the market conditions and the specific asset being traded. 👉 Sign Up to Bybit and Get Up To $60K In Rewards + 0% Maker Fee For 30 Days. In order for traders to quickly decide whether to open a long or short trade, the site has an interactive chart for each cryptocurrency futures. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry.

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Conclusion

It’s cool that you can trade rather risky crypto features, pay quite small taker/maker fees, and also get access to global markets for risks offsetting purposes. At PrimeXBT, we highly value your feedback, whether it’s praise or constructive criticism. TradeOgre values user privacy and does not have KYC processes in place. It has restrictions, Prime XBT restricts access to users from certain countries, including the United States. This decision, aimed at combating inflation while supporting economic growth, alleviated concerns about further economic tightening and made riskier assets like Bitcoin more attractive to investors. Do not stray conversation far from the post you’re commenting in. Second, when it comes to trading technology, they do not offer API functionality. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. 💰 Cold storage secures all customer assets, with manual daily withdrawals and thorough risk assessments, prioritizing fund security over transaction speed. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Com to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. If you provide a strategy for copying. The absence of quick order placements using TradingView tools was also criticized. The registration procedure is quite simple, it takes just a few minutes. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. Utilize the 4 level hierarchy system. This new trading instrument is not constrained by the same regulations as a spot trading exchange, which allows traders to only purchase or sell assets that they already hold. Thank you for your feedback. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.

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Every affiliate program has its own campaign rules, and each one is important to consider when deciding whether the PrimeXBT affiliate program is the right choice for you to promote. Our guidance is designed to empower our followers with the knowledge and tools needed for a rewarding copy trading experience. It also gives them the ability to reach out to customer support right there in Telegram. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. You can disable email notifications by going to the settings or preferences section of your account and adjusting your notification settings. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Although PrimeXBT supports several popular cryptocurrencies like ETH, SOL, DOT, ATOM, ADA, and others for trading, the broker does not offer general staking services.

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What do you need to know to start trading Cryptocurrency?

Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions. It offers diverse trading instruments for users to trade over 100 assets. Join the PrimeXBT referral program in the United Kingdom and benefit from generous rewards by inviting friends and fellow traders. High leverage, margin trading. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Trading Cryptocurrency involves placing buy or sell orders of Crypto assets like Bitcoin, Ethereum, Litecoin, EOS, and others. This $100 bonus is then available for trading, giving new users a boost as they begin their trading journey on PrimeXBT. Understanding the importance of KYC is crucial for traders who wish to use PrimeXBT. The trade fees are very straightforward. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The site also has tips for making quick trading decisions an interactive table with buy and sell prices, daily price changes and the prevailing trend. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. Once you click on the icon, you will see the new user dashboard section for PrimeXBT Turbo, including charting and a list of the assets which are available. The competitive conditions help empower traders who otherwise may find it difficult to enter the markets in the current climate, allowing them to take advantage of market opportunities. Whale addresses usually make informed decisions. $2,000 by bank card. Based on this review, PrimeXBT appears to present an appealing choice for traders seeking to engage in leveraged cryptocurrency trading. You can be charged either a flat rate or a percentage of the trade that you are going to make.

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General Reliability

Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. ICYMI The energy at our ForexExpoDubai booth was incredible. Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion. 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. When PrimeXBT publishes downtime on their status page, they do soacross 8 componentsusing 4 different statuses:up, warn, down, and maintenancewhich we use to provide granular uptime metrics and notifications. Forex markets have a few basic trading strategies that you should be aware of. PrimeXBTalso offers a simple way for traders to buy major Cryptocurrencies like Bitcoinand Ethereum directly through the platform via bank card or transfer. Remember, each promo code has its own rules and conditions, so be sure to review these before activation. It is important to note that PrimeXBT isn’t just a cryptocurrency exchange. PrimeXBT offers address whitelisting, allowing withdrawals only to pre approved addresses. They already serve traders from more than 150 different countries all over the globe and day traders seem to like it. Another cool feature that sets PrimeXBT apart is that users can design their own trading contest for their communities. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. This allows PrimeXBT to offer low latency and consistent pricing on all supported instruments. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. This approach allows traders to hedge positions, diversify their portfolios, and capitalize on market fluctuations with leverage. 01%, while on PrimeXBT, they were consistently over 0.

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Things we don’t like

Prime XBT Blog Has Moved To — primexbt. The integration of limits on its swapping service is restrictive and foreign amongst peer exchanges like Binance. PrimeXBT is tailored towards seasoned traders who are adept at navigating complex trading environments. If you ever need assistance, feel free to reach out at. Additionally, the platform stores the majority of user funds in offline, cold storage wallets. A situation Elon Musk couldn’t miss out on. Get upto $30,000 in Rewards using the below link. Stop Loss and Take Profit OrdersPrimeXBT advanced risk management allows traders to pre set the level at which they would like to automatically exit a trade. You’ll then receive a confirmation code in your email inbox. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. Liquidity and trading volume are crucial aspects that determine your trading efficiency on cryptocurrency exchanges. 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. 1389% based on the type of trade. When a trader owns a futures contract the difference between the price on their contract and the spot price is their profit or loss—and the more leverage you use the more exaggerated these can be and this is why it can be very dangerous to trade with high leverage. Visit our Help Centre. PrimeXBT does not charge for deposit or wallet creation.

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Proper account setup is essential for a smooth trading experience. Crypto exchanges where left venerable, as were their clients and we saw many instances where people lost funds. By margin trading with leverage you’re able to profit from both rising and declining markets by Short selling and Long buying. That was the approach we took with OKX, an exchange that might have flown under lots of peoples’ radars. To register on the PrimeXBT website, you need an email address and a password. 1800+ digital currencies for spot trading. This bonus provides traders with the opportunity to increase their margin and enhance their trading capabilities without additional investment​. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Lack of account security features, reserves data, and very limited 3rd party data about this exchange is a little bit concerning, but we hope all of this will improve soon. As the cryptocurrency market continues to expand, new presale opportunities offer enticing investment prospects. If you want to store your coins bought on an exchange, the safest way is to use a cold hardware wallet. Are you planning short term swing trades or long term investments. It is important to use leverage cautiously and ensure that you have sufficient capital to cover potential losses. Follow these steps to set up your PrimeXBT account. PrimeXBT enhances user security through measures such as. It is worth noting that Perfect Money charges the 1. The Olympics are here and PrimeXBT is giving 10 traders a total of 5,000 USDT during its Olympic Demo Trading. For starters, the highest leverage for each pair is only accessible if you select cross margin. Make your Crypto work for you by using it to trade 100+ markets on our platform. We empower users of our platforms to take control of their finances. Dogecoin is a cryptocurrency launched on December 6, 2013 by Billy Markus and Jackson Palmer. Other ways to get in touch with the PrimeXBT team. Coin Price Forecast is very bullish for both 2024 and 2025, as they believe that although there may be more of a plateau in 2024, by the time we get to the end of 2025, they expect that Bitcoin could hit the $54,824 level.

What is a swap fee?

After the successful completion of the goals set out in the five road map phases, Cardano will be a completely decentralized blockchain ecosystem, no longer under IOHK’s management, and will feature advanced scaling and governance features on top of interoperable smart contracts. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. Whatever your goals, non KYC crypto exchanges offer a fascinating glimpse into the future of decentralized finance—one where privacy and freedom take center stage. With the app in hand, you can trade global markets seamlessly, including cryptocurrencies, stock indices, commodities, and forex, all from the convenience of your mobile device. If this is something that you would like to get involved with then you will need to get your referral code. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. The order form also displays recent trades and order book data. Head to the PrimeXBT signup page to get a $100 welcome gift when you register and deposit a minimum of $500 to the platform and transfer it to one of the Global Market’s trading accounts—this offer is time limited, and is only available in the first 48 hours after your registration. The Affiliate program provides the ability to enjoy profit share of up to 50%, and up to $2500 per client. Crypto Deposits: PrimeXBT offers free crypto deposits. It has courses, webinars, and advice from experts on many trading subjects. Note that an overnight financing fee is charged at 00:00 UTC if a position is carried into a new trading day. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Diversification protects you from Crypto specific volatility. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. If the app is unavailable in your region, you can still access it through direct download from our site. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. How are Commodity Brent, Crude, and Nat. And for those clients who want to improve the cybersecurity of their investments, the platform offers several solutions.

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In our extensive testing on multiple crypto exchanges, we never found it wise or profitable to let strangers manage investments. Few crypto assets have benefitted from the decentralized finance trend as much as Ethereum. This multi asset platform provides access to different kinds of financial instruments via CFDs, enabling traders to hedge against other positions, diversify their portfolios, and leverage market movements. It appears to have a lot of the same functionality that you have on the desktop platform. This causes a slight delay in funds being available in the account. Industrial grade encryption and proactive threat detection heuristics ensure your API keys and personal data security. The Cryptocurrency market, while volatile, has shown impressive historical gains. Just more weak innuendo and circumstance,” Pledditor added. In 2019, the broker opened offices in St. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. The calculation for the necessary margin is done in real time, meaning that it will keep your account from going negative. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Congratulations to all the users who followed the « Satoshi Bets » strategy on the Covesting Module. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

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You can trade on OpenPeer directly from your self custody wallet like MetaMask or Trust wallet. So if you want to share your experience, opinion or give advice the scene is yours. Exchange Traded Funds ETFs are investment funds that trade on stock exchanges, much like stock shares. For example, tools exist to assist traders in understanding when assets are oversold or overbought, when momentum is strong or weak, or when volatility is low or high. 2024 00343, having its registered office address at PKF Corporate Services Ltd. It serves over 150 countries, offering features for both new and seasoned traders. Save your heart don’t bother. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. With PrimeXBT, traders are not restricted to only being able to trade crypto assets as is the case with many other crypto trading platforms. This guide has unpacked the fundamentals of leverage trading in Crypto, exploring key concepts like leverage ratios, margin, and different trade types such as futures and derivatives. Its intuitiveness and simplicity provided a pleasant trading experience. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Head to the “Main” page of the account and click “Withdraw” on the crypto you wish to transfer. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Even login security takes advantage of the built in biometrics features of many Android smartphones. CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. It may take some time, however, before your payment shows up in the account because there are six automated confirmations that need to be made for security purposes.

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PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. But, it’s important to know it doesn’t work in the US and UK. This intuitive trading platform caters to the needs of both beginners and experienced traders. For all questions, security issues, product related inquiries, and business proposals, please reach us. However, insurance coverage is still rare within the crypto industry. The platform provides a suite of drawing tools, including trend lines and Fibonacci retracement, as well as various chart types like candlestick, bar, and line charts. Knowledge to use all the available tools. As you can see, we only have to post a 0. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. Mirror trading could be considered legal since no specific regulations or restrictions prohibit it. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. The levels range from unverified to advanced, with each level offering progressively higher limits and additional features. 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. Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. The required margin for this trade will be. Information regarding past performance is not a reliable indicator of future performance. In addition, futures have a so called funding rate, which is a fee that a customer pays to keep their open positions every 8 hours. Some platforms, such as Binance, even predict that DOGE could go as high as $1. The more proof you have, the better your chances if you need to go to the authorities.

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The fundamental catalyst behind the surge in ADA price is the rise in the issuance of native assets on the Cardano network. In other words, a lot of the price will come down to the part of the world that performs the best this year, and next. The company’s clients can buy and sell crypto futures with a fixed commission: 0. Centralized exchanges are the most common type of crypto exchange, where a central authority manages the platform. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. Copy trading is an investment method that allows anyone to imitate the trading strategies of experienced investors automatically. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Margin trading is a strategy involving using borrowed funds, also known as “leverage,” to increase your buying power. If activating multiple promo types, it is also important to note that: – only 1 Reward promo type may be active at a time – multiple active Trade Fee discount promo types are NOT additive; only the highest active trade fee discount will be in effect at any given time If attempting to activate 2 campaigns of the same type, a notification window will pop up. The financial world was probably one of the first to adopt automated trading and AI powered solutions for trading and investing. If you’re just getting started with crypto, you’ll want an easy and reliable way to purchase tokens like BTC. Fees are generally fixed per transaction to cover the network fees associated with blockchain transactions. Their fees are typically less than $2. Trading should be considered only if one has the appropriate risk capital. It then slipped to $0.

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BitMEX’s focus on cryptocurrency derivatives and high leverage appeals to traders specializing in crypto trading. 💱 Crypto futures enable buying or selling specific cryptocurrencies at a set price in the future, perfect for speculating on price movements without owning them directly. In the fast paced world of trading, having the right tools can make the difference between profit and loss. Throughout my testing, the app performed smoothly without any bugs or glitches. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Customer support is available 24/7 through live chat and email. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. The PrimeXBT interface is minimalist and even basic, which means that the learning curve will be short. 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. This system connects directly to the internet to access the crypto assets, so these are hot wallets that are always connected to the internet at all times. The biggest concern about being involved in Dogecoin is that it could go to zero. Picture a trader that believes Bitcoin’s price is poised for a surge. You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date. You can find the full leverage limits for all assets in your account management area or on the PrimeXBT fees page. This method effectively measures the capability of customer support to assist both active traders and casual investors.


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