PrimeXBT Review 2025

PrimeXBT is a trading platform that allows users to purchase and trade cryptocurrency, forex, commodities, plus more. When governments introduce Crypto friendly regulations, it can attract large corporations and increase adoption, driving the price up. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. Key features of PrimeXBT Copy Trading include. The longer term outlook for Bitcoin could rest on future monetary policy. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that eToro has a higher number of acceptable crypto than Prime XBT. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. I conducted a series of tests and assessed that PrimeXBT provides very high quality support. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

Limit vs Market Order Fees on PrimeXBT

Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. Correlation Trading ????️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. Remember, terms and conditions apply to these promotions. PrimeXBT offers a wide range of asset classes, including popular cryptocurrencies Bitcoin, Ethereum, Litecoin, Ripple, major, minor, and exotic currency pairs in the forex market, commodities gold, silver, oil, natural gas, and global stock indices SandP 500, NASDAQ, FTSE 100, DAX. Litecoin has been called the silver to Bitcoin’s gold, and is meant to be faster, cheaper, and more efficient to use for general transactions. When trading on margin, it’s important to fully understand the risks and benefits of leverage and to actively control your risk levels. How To Set Up Your PrimeXBT Account. 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. With PrimeXBT, traders are not restricted to only being able to trade crypto assets as is the case with many other crypto trading platforms. Withdrawal fees are 0. 01% for larger volumes. Once again, this will be suitable for the majority of crypto traders. And this is indeed true. Nico Arqueros, CEO and co founder of dcSpark and a core contributor to the Milkomeda Protocol, tweeted on 31 July 2022 that the chain had processed close to 7. It’s like learning from the best. To prevent significant financial loss when using leverage in trading, it is very essential to be aware of all the risks. Another consideration that you will have to make towards an online broker is the payment methods that they make available. 1%, and variable overnight swap fees tailored to each asset. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. Or search for a confirmation email from. This is by far the biggest reason to use margin, to increase speculative gains.

PrimeXBT Telegram Bot

Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. Once this is done, you can log back into your account and access the trading platform and the account features. PrimeXBT presents an interface that’s both customizable and user friendly. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. No, I cannot trade for you. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. No, PrimeXBT does not currently offer any services to residents of the United States. However, any money that is pulled out of the account is taken away from the available margin, so if you already have a position on, you need to make sure that you leave enough cash in the account to cover any margin necessary. Users can open accounts, deposit crypto, and start trading with just an email address. Now press “Create account”. Again, the focus a lot of the time is on crypto. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Mobile players enjoy the full Metaspins experience out of the box including. If you are on the winning side and see that it is time to exit a trade, what happens is that the platform freezes and goes to a blank screen, at this point there is no way of managing your position and once your back in, your profits are gone, stop loss hit and now your at a loss for the trade fees, overnight fees, and the stop loss that you were willing to risk. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Date of experience: December 3, 2024. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. 67 USDHow can the financing of this trade outweigh the profit by a few cents. Key features of PrimeXBT Copy Trading include. However, this was just a refuel and, in late October, the crypto rocket took off again, with $SHIB climbing to its all time high of $0. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. For those of you who are going to be away from your desk, you will be happy to know that PrimeXBT also has a couple of mobile apps, PrimeXBT and PrimeXBT Futures Pro for more advanced trading. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. Compensation Fund per user. Available on the Google Play Store, the app is optimized for performance and usability, ensuring that Android users can access all the features and tools they need to trade effectively. Prime XBT Trading Services, S. No, PrimeXBT does PrimeXBT anlık İşlem not charge any fees for deposits, allowing traders to fund their accounts without additional costs. Dear Deniz,We understand your concerns and take feedback like this very seriously. The opinions, news, reports, analyses, quotes or other information contained in Mundo Forex.

PrimeXBT Leverage

Note ✍️: The financing fees are dynamic. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. The support and resistance levels can change drastically. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. There you can create, track your multi currency wallets and make deposits or withdrawals. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. Through these third parties, customers can buy BTC, ETH, USDT and USDC. At the time of writing, customers can only withdraw cryptocurrencies; there is no fiat off ramp available for fiat to bank withdrawals. PrimeXBT offers CFD trading on instruments like Cryptocurrency, Commodities, the SandP 500, and Forex, with diverse features ranging from Copytrading, Yield Accounts, leveraged Margin Trading and a dedicated educational Trading Academy. In the next section, we will provide practical tips for traders in restricted countries. Now, when Bitcoin’s price is stable, it is a perfect time to trade small movements with larger leverage. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. These fees are generally avoidable with careful account management and awareness of the platform’s policies. It is a higher reward, higher risk derivatives contract that professional trades want. As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. How volatile a market is affects how quickly the price of assets can change, so be prepared. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. To manage risk effectively on PrimeXBT, set stop loss orders to limit potential losses, determine appropriate position sizes based on your risk tolerance and account balance, diversify your trading portfolio, use leverage responsibly, and evaluate the risk reward ratio of each trade to ensure potential returns justify the risk taken. PrimeBit is the first Bitcoin margin trading platform to offer as much as 200x leverage, which is double the amount of their competitors. During testing, I received fast responses with a reasonable level of detail. It is also recommended that you stay informed about the occurrences in the market because prices react to market sentiment. During testing, I received fast responses with a reasonable level of detail. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd.

Research

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. User assets are stored in multi signature cold wallets, and personal data is protected by SSL encryption and two factor authentication 2FA. The process involves a combination of automated systems and manual checks to ensure the highest quality and validity of coupons. PrimeXBT offers leveraged trading of up to 100x on some assets. If that’s difficult to understand, let’s say you don’t use Google sign in or social sign in. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. If the price increases by 10%, you’d make a profit of $100. Prior to joining NCB, Mr. To withdraw Fiat currency USD, go to the Main page. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement.

Setting Up a PrimeXBT Account

Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Date of experience: December 18, 2024. No, PrimeXBT does not currently offer any services to residents of the United States. In a remarkable close to 2023, December’s PrimeXBT Copy Trading scene was dominated by extraordinary performances. This website is owned by PrimeXBT PTY LTD. Aside from that, you need to only learn enough to get started, and make a small initial deposit on a Cryptocurrency exchange platform of your choosing. The user friendliness of both platforms is discussed, with the author noting that PrimeXBT may not be beginner friendly due to its high leverage options, while OKX offers a user friendly interface and features like a top 10 movers list and a convenient buy and convert feature. The exchange today serves clients in more than 150 countries. However, it’s important to note that PrimeXBT isn’t available in the US and Canada, lacks regulatory oversight, and doesn’t support spot trading. These additional protective barriers diminish the risk of complete account wipeouts. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Get access to a wide range of trading, investing, and Crypto services from a single app. Today, Bitcoin mining is a big business where major corporations pay close attention to profit margins and energy costs. Enhanced verification can increase these limits. American options allow traders to buy or sell the options contract before an expiry date, while European options contracts allow execution only on the day the contract expires. The atmosphere and look of the exchange’s website did not suit me. To make matters worse, the trading volume across all exchanges is so low around 30 000$USD in 24 hours that it does not even register as a candle on CoinMarketCap. For example, a welcome bonus may require a minimum deposit of $500 or more. The platform can be a profitable tool for buying and selling cryptocurrencies, as well as for fast cryptocurrency exchanges.

Welcome Bonus, No Deposit Required – MOT Forex

None available at this time. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. This makes it a versatile choice for traders seeking diverse opportunities. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. If you choose to adjust the purchase amount from, for example, $500 to $1000, you’ll need to restart the transaction process, which includes re entering your address and other relevant details. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Risk Warning: Before using this website or its services, you should review all relevant legal documentation.

PrimeXBT Withdrawal Methods

PrimeXBT supports trading the major Forex pairings, crosses, and exotics. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Whether you are new to PrimeXBT or a seasoned trader, this guide will offer valuable insights into the payment verification process. On the platform, you can trade BTC, ETH, XTZ, LTC, XRP, LINK, ONT, BCH, ADA, TRX, and NEO against USDT for free. 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. PrimeXBT is a popular platform known for its robust trading tools and user friendly interface. And with Binance’s futures trading, I’ve expanded into predicting market movements for higher returns. Deposit Purchase crypto via bank card or transfer via third party companies. Understand your risk tolerance and capital allocation.

Thorough Research And Understanding

That’s $18,000 in total. Join our official communities. I see advantages of futures trading. Seek independent advice if you have questions or do not fully understand the risks. We’re here to help make your trading experience as smooth and effective as possible. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Usually, when inflation increases, traditional stores of wealth like Stocks and Bonds start losing value, and investors move to Metals to counterbalance this. Below is a table summarizing the different deposit options available on PrimeXBT. It’s one thing to learn on your own but if you can learn through watching others, that might help solidify your trading knowledge.

How do I open a CFD trading account?

Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Many of the products which were under development such as the Covesting mobile app seem to have been left unfinished for now. Cryptocurrency, Forex, Indices and Commodities. To withdraw fiat from PrimeXBT, follow these steps. PrimeXBT offers British users a variety of convenient payment methods including major credit cards, bank transfers, and several popular e wallets. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. Virtual Assets are high risk products, highly volatile, with fluctuating values. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. 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. Right now, there is nothing about Prime XBT that I dislike; everything functions well for me. As we have repeatedly demonstrated, we value the security of our platform and the safety and privacy of all users. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Fees, Features and More. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Go to Settings > Security and enable Install from Unknown Sources if prompted. Pro Tip ????: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. Koinly crypto tax calculator makes it easy to do your crypto taxes whichever exchange, wallet, or blockchain you’re using. The withdrawal process on PrimeXBT typically takes between 24 to 48 hours. My view is that somehow the fact they offer physical crypto helped them get through ad bans for offshore CFD brokers. By utilizing these tools and maintaining a disciplined approach to trading, you can manage risk and increase your chances of long term success. Dogecoin was created as a joke and named after a meme, but it still has a place in the Crypto market even today. IO is its commitment to flexibility and accessibility in payment methods. Here are the typical processing times for fiat deposits. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy.

Disadvantages of the Fee Reduction Bonus:

Our clients love how fast and simple our sign up is. PrimeXBT Trading Services, S. Be especially careful to consider what users say about the platform during peak market volatility. To withdraw Cash/Fiat funds from your PrimeXBT account efficiently, follow these detailed instructions for each available method. Alternative Payment Methods. It has very low trading fees. In PrimeXBT, traders have access to contracts for the price difference of various market assets including popular cryptocurrencies. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. Launched in 2018, it has quickly grown to serve clients in over 150 countries, providing them with access to top tier liquidity and a variety of trading tools designed to cater both novice and experienced traders. The crypto market is open 24/7. The project’s community, including developers, users, and token holders, will promote the token to new investors. It is the most wonderful time of year – a time for giving and spreading Christmas cheer. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. The platform is available in 16 languages and supported on most popular browsers. While short selling presents a way to hedge against risk, it also comes with risks of its own. This knowledge enables them to make better decisions, ensuring that their trading strategies are not only effective but also cost efficient. This means that all communication that you send the exchange will be encrypted and make it hard for any malicious actors to intercept it. Crypto Deposits: PrimeXBT offers free crypto deposits.

Risk warning

Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. PrimeXBT does not accept traders from The United States of America US Reportable Persons or residents of Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, US Virgin Islands, and Northern Mariana Islands. During my PrimeXBT review, the in house copy trading service stood out. The platform also has a mobile app. By understanding the impact of regulations and leveraging PrimeXBT’s support services, traders can navigate the platform more effectively and ensure compliance with local laws. No, PrimeXBT does not currently offer any services to residents of the United States. When you press the “Trade” button, it opens up an advanced pop up window, allowing you to place all necessary orders. What Makes EUR/USD the Most Traded Currency Pair. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. In 2020, the Chainlink Network also integrated DECO. If you choose to simply guess where things are going, you do have the possibility of being profitable occasionally, but the longer term success is highly questionable. The fact that the market moved in your favor means that the gains are realized much quicker. Terms and Conditions Agreement. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. If you have any further questions or need assistance, please don’t hesitate to reach out at. Prime Technology Ltd is PrimeXBT’s Technology Provider. FTX bankruptcy Chapter 11 9:14 PM. For our trading test, we thoroughly evaluated the PrimeXBT platform.

Lagos Startup Expo 2023

Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. In summary, secure withdrawals on PrimeXBT are achieved by a combination of features like 2FA, whitelisting addresses, and strong password protection. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Bitvavo is a cryptocurrency broker based in Netherlands that launched its service in and offers individuals to buy and sell more than 85 cryptocurrencies. Send Crypto to anyone, as long as you know their wallet address. Yes, standard trading fees apply to trades executed within the Covesting module. Additionally, its educational and research materials are primarily geared toward crypto trading. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Knowledge to use all the available tools. Data for the calculations is sourced from PrimeXBT’s trading servers, and there could be delays before it appears on the website. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

Share

We would like to resolve this matter to your satisfaction and restore your trust. Finally, I found an exchange with adequate fees and good diversification opportunities. As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. You can buy Bitcoin in several ways: through a crypto exchange, using a Bitcoin CFD, or by investing in a Crypto ETF. Bybit is a cryptocurrency and derivatives trading exchange with multiple other products and features that launched in 2018. These are professionally done and well presented. Of course, this also works on the way down as losses are also magnified. In order to make any movements from the cold wallet to the hot wallet, they make use of multi signature access that needs to be executed by multiple employees. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. Advanced trading concepts can be confusing for beginners. In retrospect and considering we’ve already seen these movements, each saw a striking distance from their previous high making it one of the World’s largest Crypto. The 225x leverage is powerful, and I like that they don’t require KYC for crypto only trades. The spectrum of assets here is big, there are: fx; commodities; crypto; indices;and some others. $20,000 or equivalent for unverified users. Enjoy the freedom of earning online. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. They are registered in Seychelles and have offices in St. Our clients love how fast and simple our sign up is.

Important Notice

Since Polygon helps solve these problems, more developers and businesses are using it to build decentralized apps. My deposit was credited after 20 network confirmations, which took a few minutes. Though CFDs are preferable tradeable instruments for some traders. Responsive support and this is what I needed when was calculating taker/maker fees. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. It’s important to continuously evaluate your trading approach and adjust it based on changes in fee structures and market conditions. Leverage amplifies your profits. It supports 2,900+ trading markets and functionalities such as margin trading, futures, peer to peer trading, and copy trading. Compliance with these regulations often means the platform takes security seriously. Traders worldwide trust us. As a result, clients can trade cryptos, traditional CFDs, as well as accessing the firm’s copy trading service and trading contests from one slick interface. 7 Things I Would Do If I’d Start Again PrimeXBT Trade. In rare cases it may take up to 24 hours to process your withdrawal. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. There is also a powerful filter option that shows the total profit of each trader, the total AUM, and the number of followers, which helps narrow your search for successful traders.

Updated Dec 13th, 2024

You know this is the first platform that provides excellent trading conditions on both markets: the traditional markets like forex, shares, commodities and more, and the digital markets like cryptocurrencies and crypto derivatives. This feature is particularly useful for traders looking to capitalise on small price movements. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. CFDs on forex, cryptocurrencies, commodities, indices. 1% per trade, regardless of your account balance. You’re able to easily calculate the required margin using the following formula. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. Over the last few years,. This can be done either through a direct crypto transfer from an external wallet or exchange, or purchasing crypto using integrated services like Changelly, Paxful, and Coinify to buy crypto with your debit/credit card or bank transfer. However, traders should be mindful of its temporary nature and any usage limitations. There is no joy in having to compare Bitmex vs Bybit reviews. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. Some of the top ones include BTC, ETH, DOT, BNB, DOGE, and LINK. This leaves Volet and Perfect Money as the alternatives. But unlike the Triple Top, the Triple Bottom occurs in absolutely different market conditions. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs. All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. 35B Akpan Essien Street Uyo, Akwa Ibom State, Nigeria. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit.