PrimeXBT: Was Bitcoin’s rejection of $70,000 and Black Monday’s market shake out a coincidence?

We particularly liked how user friendly it was, which will appeal to beginners. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. While often touted as complex, futures trading can lead to large gains for those who know how to trade futures on PrimeXBT, our top pick as the best platform to trade crypto futures today. Unpredictable market moves and their consequences, which may affect the value of a coin you decide to invest in, should always be treated with attention and evaluated according to your personal risk tolerance. Capterra is free for users. Primexbt 50 bonus, primexbt bonus 50 and primexbt 35 bonus. 12 milliseconds, reflecting a commitment to executing trades promptly. Keep track of the tournaments you are participating in and see details of past tournaments on the My Tournaments page. It was the first to solve the double spend issue with a proof of work consensus algorithm and mining process. It’s backed by awards like the “Most Trusted Crypto Asset Trading Platform” at Crypto Expo Dubai in 2022. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. If either the Stop or Limit price is reached and an order is executed, the 2nd order automatically gets canceled. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. When trading cryptocurrencies, you may choose to use leverage to amplify your positions. It makes sure all trades on PrimeXBT are real and safe.

General Information and First Impressions

Click “Join” to enter the competition. Trend trading is a very powerful strategy that is also suited for beginner traders. Traders give the platform’s dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT’s attention to aesthetic detail. Follow these steps to select the best non KYC platform for your needs. In other words, you are more likely to find people who want x200 leverage BTC futures contracts, rather than something like TRX or ATOM. Click “Join” to enter the competition. 00 level in 2021, and started to fall quite drastically. None of the forex brokers and a few crypto exchanges can offer you that. Technology progresses at a breakneck pace. A word of warning for US investors though, in June 2023, CoinEx agreed to stop onboarding new US clients to its platform imminently, following a large settlement and ban from operating in New York. We’re glad that you appreciate this integrated approach and find it beneficial for your trading strategy. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Building a trading plan is crucial so that you are not simply guessing where the market is going to go. But the transparency of this process raises questions. 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. The online trading platform in UK is emerging as a growing market as the market is estimated to grow with a CAGR of 8% from 2022 to 2028. PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. There is also the additional option of multi factor authentication, provided by Google, requiring both the account password and a personal smart device with the Google Authenticator app. As institutional investors flock to buy Bitcoin, the demand for BTC rises, impacting the price of Bitcoin positively. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. A practical example would be trading a 100:1 leveraged position. While the platform’s advanced trading tools and customizable interfaces appeal to experienced traders, some novices may feel overwhelmed without proper guidance. The development team itself is packed with some of the most respected researchers, cryptographers, and engineers. Since starting in 2018, PrimeXBT has become a trusted and forward thinking trading platform. Profits are also just as shocking, so it does end up being worth the risk in the long term for those who apply sound money management. In the next section, we will guide you through the process of setting up a PrimeXBT account and getting started with investing. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience.

What drives financial markets?

Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Go to Settings > Security and enable Install from Unknown Sources if prompted. They have developed their own trading technology, making the platform robust with https://tradingprimexbt.com/troubleshooting/ plenty of key features. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. Date of experience: October 10, 2024. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Our clients love how fast and simple our sign up is. Thus anything published on The Money Mongers is not an investment advice and we are not you investment advisor.

Advanced Trading Strategies

The main tool for trading in PrimeXBT is a web platform with built in market analysis tools. However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. To withdraw Cryptos to an external Crypto wallet, go to the main page,. 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. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. Additionally, PrimeXBT utilizes CloudFlare’s technology to minimize risks from potential Distributed Denial of Service Attacks, commonly known as DDoS. We do not recommend investing money you cannot afford to lose. This provides flexibility and control over your investments, allowing you to adjust your allocations or switch strategy managers as needed. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools. Cryptocurrencies are also available for buying, selling and exchanging via Visa/MasterCard and PrimeXBT cryptocurrency wallet. This feature is appealing to users who prioritize privacy and wish to trade anonymously. This means you’ll have to allocate a margin that is equal to 1% of your desired position size. With PrimeXBT, traders are not restricted to only being able to trade crypto assets as is the case with many other crypto trading platforms. Chat with our support team on Discord. 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. Activation trigger: first transfer to Trading account 0. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Remember, each promo code has its own rules and conditions, so be sure to review these before activation. Areas for Improvement. If you have any questions or need further assistance, feel free to contact us at. PrimeXBT promo codes can be acquired through several methods. It’s great that the organization and labeling of the platform help you navigate easily. Read next: How to buy crypto. PrimeXBT released 14 versions of its interface in various languages: from English to Bahasa, from Russian to Vietnamese.

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Additionally, you need to check the regional restrictions if you decide to use this platform based the professional knowledge and experience. Visit our Help Centre. If you already invest in cryptocurrency or intend to take advantage of the low prices of this bear market to begin investing, you might be wondering about Ripple’s price predictions and how XRP coins may fare in the future. Trade anytime, anywhere, and stay connected to the markets that matter most to you. Firstly, it offers a diverse array of assets — from crypto CFDs to stock indices — focusing on innovation for a seamless user experience. It was a fantastic experience. As a result, using a cross margin type will give you access to PrimeXBT’s x200 leverage, which is not available for its isolated margin type. On the other hand, there are always key factors which grant some assets advantages over others, and position them on the Cryptocurrency market as strong leading performers, making them more secure choices. Another feature of PrimeXBT is that here all transfers both deposits and withdrawals are done manually. These are not great for beginner and small time traders, but they are still very achievable for those trading derivatives frequently. Trade volumes of $3,500,000+ CFD and Crypto Futures. PrimeXBT specializes in CFD trading, allowing traders to speculate on asset prices without owning them directly. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. Trading involves risk. 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. It makes sense since Bitcoin, Ethereum and Tether are the most visible and mainstream Cryptos, so when they see substantial gains, this will likely attract both Crypto investors and laymen. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. In total, participants of the copying service can have 4 levels: Standard, Advanced, Premium and Elite. Once you’re happy with your margin parameters you can close the “Margin Edit” module and finalize your trade in the Place Order module. As per the company’s website, any withdrawal requested before 12:00 UTC will be processed on the same day, but withdrawals requested after 12:00 UTC will be processed the next day only.

PrimeXBT Futures Trading Fee Structure

Our clients love how fast and simple our sign up is. 5% in the last 24h and % in the last year. This effective and world class software suite comes with expert tools and requires no coding skills to work with them. Staying updated on the latest trends, strategies, and technologies helps traders maintain a competitive edge, improve their trading skills, and achieve long term success. Mastery in Forex trading enables traders to focus on macroeconomic factors, allowing them to sidestep many of the microeconomic issues related to trading stocks or options. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Something that you may have noticed is that PrimeXBT does not require any forms of identification when you sign up. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. PrimeXBT does not accept customers from countries such as: Japan, Canada, Cuba, United States, Israel, New Zealand, Syria, Iran, North Korea, Sudan, American Samoa, Russia, Myanmar, Outer Small Islands of the United States, St. Next, click on the button to “Open a Free Account” or on the “Register” button at the top of the menu. 1 Turbo prediction interface – change chart settings and make predictions. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. However, depositing fiat currency requires KYC verification. Best regards,The PrimeXBT Team. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. 12 milliseconds, reflecting a commitment to executing trades promptly. Once the user confirms, an email confirmation with a timestamp of the user’s selection will be sent to the user’s supplied email address. A long position is when you buy an asset expecting the price to rise. The first step in exploring a trading platform is signing up, and PrimeXBT keeps it simple with just an email, password, and agreement to the terms. You’re absolutely right—leverage like x200 can offer great opportunities, but it’s important to use it wisely and manage risks carefully. Award winning mobile app keeps you connected. Key features of the PrimeXBT trading platform include. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Brian Dean Nibley ist ein Kryptowährungsexperte bei PrimeXBT, spezialisiert auf Bitcoin und kryptobezogene Inhalte. Ultra low fees help profits stack up.

Welcome Bonus

Most brokers and exchanges invest huge budgets to avoid these types of attacks. You subscribe to their trades and their trades are automatically copied to your account. This is why it’s so vital to make sure you type in the correct details, such as the correct wallet address for your Zengo wallet, and make sure you double check everything before confirming the transfer. So a 100x leverage means that if you have 1 BTC, you can trade up to 100 BTC. What highs are yet to come for ADA coin is anyone’s guess, but this guide provides many ADA price predictions both from Crypto industry experts and through detailed technical analysis that can help predict future price movements. Withdrawals of fiat currencies are not supported. Although this guide has thus far fully explained what DeFi is and what yield farming crypto is, it still may not be clear as to why it has suddenly become so popular. Exits can be prepared for ahead of time, to avoid losses and ensure gains are booked. 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. Cardano’s price may fluctuate, but Cardano as a technology offers a unique two layer architecture, with current developments creating decentralized applications, and is constantly adding new features. Trade History: Users can view their trading histories via the ‘Trade History’ link on the Trade page. And most importantly withdrawals. The shift is focused on a reduction in energy consumption and lowering costs for block producers. 0 projects are some concerns for investors. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. English, French, German, Italian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese. If you have any questions or need further assistance, feel free to contact us at. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. With a cash account, you can buy exactly what the amount of cash you currently hold will allow. 3257 in a matter of 3 weeks. When you are short selling, you are opening a position by borrowing shares of a stock or another asset that you believe will decrease in value. Once your account is verified, you can start to fund or withdraw from your account. Virgin Islands, Northern Mariana Islands. Best regards,The PrimeXBT Team. This depends on the platform. If Shiba Inu price can breach above the neckline of the W pattern, it could immediately move to $0.

PrimeXBT:

Overall, I rank PrimeXBT in the middle of the pack. Otherwise, it may go the way of Myspace. We also ensure all reviews are published without moderation. Higher leverage on a volatile asset significantly increases the risk of liquidation, even with minor price fluctuations. This will be done automatically on your platform without any interaction needed. The bonus funds are available for two weeks after activation, and be used as additional collateral to open positions. Once your deposit is received, we’ll credit the Crypto to your chosen wallet or trading account instantly. The platform values user privacy and doesn’t require mandatory KYC checks, ensuring your identity remains anonymous. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. With the increasing number of high risk coins, projects, tokens, and products being introduced to the market, you must do your own research. All of these products can be traded through the PrimeXBT mobile app as well. The difference is subtle in some ways and massive in others. You must have at least 200 USDT/0. The sign up process is straightforward and comes with no charges. Allowing others to copy your trades while earning a cut of their profit is a good way to earn extra for very little extra work. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. We have produced a list of the top ten Trading Central Forex brokers. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. 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. Typically, higher levels of account verification allow for higher withdrawal limits. The good news is that the fees at PrimeXBT are relatively competitive and so you shouldn’t face too many charges when withdrawing anything made from your trades. Bitcoin price dropped by 80% following the first Bitcoin futures contracts on CME and CBOE. 023% for longs, and 0.

Collect Your Rewards

On PrimeXBT, you can track your open positions, profits, and losses in real time, and manage them through a convenient dashboard. The company is registered under the name PrimeXBT Trading Services under company number 148707. The DAO hack revealed to the Ethereum team, and to the public, what major issues required immediate attention to secure the blockchain’s future. 2 of PrimeXBT’s Terms and Conditions. This plan should encompass several key elements. For example, a trader with a low tolerance for patience might prefer a strategy involving scalping, and wouldn’t be able to maintain longer swing positions. This can increase both wins and losses. Regularly monitoring and managing your account is essential. PrimeXBT integrates TradingView charts, which is a nice feature. Bitcoin started off its life virtually worthless, with a value of far less than a penny when the Bitcoin Core client code was released into the wild. Understanding overnight financing fees and their impact on your trades is crucial for managing long term positions effectively. These products are not suitable for all investors. Withdrawal options include. The best time to invest was probably before the 2017 high, but the next best time to invest is today. Please post anything relevant to your coin, if it is related to the topic of KYC, or the lack thereof. If there is a match here we go. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. Users are recommended to research PrimeXBT before using it as it is unregulated and, therefore, users’ assets are not protected. Anyone can participate since sign up is free, and no deposit is required. Dear Carlos,We’re delighted to hear that you appreciate the wide range of assets available on PrimeXBT, including forex, commodities, cryptocurrencies, and indices. PrimeXBT has never suffered a hack or security breach during its operational history. PrimeXBT offers an entirely anonymous experience. Bitcoin’s volatility may persist in 2026. They often partner with other companies to provide better features and services. PrimeXBT beats all competitors. Please note: both the registration form and the Personal Account you will create are still only available in English. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources.

PrimeXBT what is it?

If your position goes against you far enough, you will be given what is known as a “margin call”, which will close out the position. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Reply from PrimeXBT Copy Trading. When using live chat, I usually received a response within 2 minutes. 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. Being so new to the market, it is no surprise that their website has taken on a very modern design. Let’s look at each market separately. 📱 Access copy trading anywhere with PrimeXBT’s mobile app. PrimeXBT is a popular trading platform known for its diverse range of financial instruments and advanced trading features. To trade future on PrimeXBT you’ll first need to fund your account so that you can provide the required margin for your futures contract. While we may earn a referral fee when you visit a provider through our links or speak to an advisor, this has no influence on our research or methodology. As explained earlier, leverage and margin trading amplifies both your profits and losses. 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. It’s great to know you’re enjoying the variety of trading options like CFDs, crypto, and copy trading. 🔄 Futures trading isn’t just about profiting from rising prices; it offers opportunities even when markets decline, making it a robust strategy for maximizing returns in crypto. Easily buy Crypto with Visa or Mastercard. Traders and investors use our platform. When enabling 2FA on your account, you will receive a 16 digit backup code. As well as this, the exchange offers earn products and promotional rewards. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. You will receive an e mail with a confirmation code. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. These services are governed by the legal terms and conditions of PXBT. It peaked just above the $1500 level during 2021, right before the crash in cryptocurrency occurred. It’s a great way to sharpen your skills without risking real funds. In simple terms, when you trade on margin, you only need to deposit a fraction of the total trade value as collateral, while the platform provides the rest of the capital.

Worse

Cobinhood emphasizes privacy and does not require KYC Know Your Customer verification for basic accounts, making it accessible to users who prioritize anonymity. Manage risks with stop loss and take profit orders, and earn in BTC, ETH, USDT, USDC, COV, and USD for flexibility and diversification in trading and profits. False information leads to account restrictions, reinforcing platform credibility. PrimeXBT primarily focuses on cryptocurrency deposits. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. When trading CFDs on PrimeXBT, the leverage you select reflects the amount of margin personal funds, you need to open a position. Receive the latest news and stay informed. This rate is the same across all of its eight pairs. All forex pairs available with PrimeXBT are open 21:05 to 21:00 the next day, except for USD/RUB, which is open 07:00 to 21:00. The biggest hurdles stopping new users from entering the crypto world are a difficult user interface, complex operational processes, and technical jargon. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. A New Frontier in Blockchain Communication. These products are not suitable for all investors.