FAQ

Since starting in 2018, PrimeXBT has become a trusted and forward thinking trading platform. Promote top tier digital security products worldwide with no minimum payout. It’s worth noting that any investment in Ethereum is an investment in the future of the network. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Risk warningBefore 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. It is strongly recommended that prospective investors do their own research or consult with a financial advisor before making any investment decisions. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Email Newsletters and Forums. The PrimeXBT user interface is easy to navigate, helping users get around quickly. There are three different account tiers on MEXC: unverified, primary KYC, and verified plus. This example underscores the importance of. It’s highly rated on TrustPilot with a 3. According to data, there are currently more than 300 million cryptocurrency users, including investors, traders, or enthusiasts. By choosing CFD trading, PrimeXBT has chosen a path that aligns with its goal of being a comprehensive, user friendly platform for various crypto futures trading with low fees for a great trading journey. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Enjoy Futures trading with a smaller investment. He’s particularly excited about real world applications of blockchain technology. El comercio a corto plazo viene con muchas más acciones, pero parece que estás disfrutando del desafío, ¡lo cual es increíble. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Io also offers features such as margin trading, staking, and cryptocurrency loans to cater to diverse trader needs. Cryptocurrencies with a high supply tend to have lower prices. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. Leverage and margin trading are critical components of PrimeXBT’s offering, allowing traders to amplify their positions and potential profits. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions.

How does PrimeXBT comply with regulatory standards?

Security measures are top notch. Look at the latest Cardano news, market trends, technical and fundamental analysis, and expert opinion before making any trading decision. Understanding the significance of Know Your Customer KYC procedures, we emphasize that all clients adhere to PrimeXBT guidelines, exercising due diligence in compliance with local laws and regulations. Get access to a wide range of trading, investing, and Crypto services from a single app. In the next section, we will explore the regulatory landscape and the specific factors influencing these restrictions. Current trade fees on margin Trading accounts are. Learn more about Baksta’s Legal Terms. The idea of course is that with these types of announcements, if the consumer feels strong, then they are much more likely to continue spending. PrimeXBT also has a stellar customer service team that is ready to help you with any questions or issues you might have. It makes the overall cooperation quite pleasant, as for me. Factors influencing overnight fee rates include market volatility, asset class, prevailing interest rates, liquidity, and broader economic conditions. These are among the lowest rates in the cryptocurrency market, making digital asset trading quite profitable. However, insurance coverage is still rare within the crypto industry. These are the account administration section, the information section and the actual trading platform itself. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. Visit our Help Centre. But, to make things even more difficult, the market and its whims can act counter intuitively to news and events because these same traders are also hedging their trades and bets, and are looking to protect these investments in certain situations. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. ADA continues to dominate the crypto market today, rising 15.

How to trade Bitcoin?

Date of experience: November 11, 2024. Payment limits on PrimeXBT are designed to ensure a secure and efficient trading environment. If you ever need further support or have any questions, feel free to reach out to us at. 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 32 cryptocurrencies. A similar spot trade without leverage would result in only 3 ETH earned. The file is verified secure by PrimeXBT. PrimeXBT offers mobile apps for both iOS and Android, enabling you to trade on the go with the same functionality as the desktop platform. This table provides a quick reference to the key aspects of PrimeXBT’s global reach and regulatory compliance, their descriptions, and their importance. PrimeXBT offers great resources for beginners, helping them learn and grow. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area. The PrimeXBT app is packed with features that make it a powerful tool for traders. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. 2024 00343, having its registered office address at PKF Corporate Services Ltd. PrimeXBT is quite transparent with its fees. PrimeXBT isn’t just another trading platform; it’s a dynamic powerhouse offering leveraged trading on crypto CFDs, commodities, indices, and Forex. PrimeXBT does not charge fees for deposits. In social trading, you’re not automatically copying the trades of other traders, but rather exchange ideas and market research with like minded peers which can benefit your personal trading performance. Overall PrimeXBT seems like a good choice for anyone who understands the risks and advantages of high leverage and doesn’t want to go through the KYC hassle. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT Turbo is designed for experienced traders who are comfortable with the risks associated with short term trading. More so, Day Traders will usually be quite well educated as the practice involves knowledge of economics, maths, politics, and a number of other sectors to have a broad and holistic approach to trading. After Bitcoin came into existence, several cryptocurrency projects came to life. Trade Crypto Futures Contracts incl. The site lists 14 countries on its “prohibited jurisdictions” including Canada, U. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. The complex interface is unsuitable for inexperienced traders. While PrimeXBT does not typically support direct fiat deposits including via bank cards or bank transfers, users can buy cryptocurrencies using these payment methods via third party services. Returns or profits may be subject https://review-primexbt.com/kyc/ to capital gains tax. During testing, I received fast responses with a reasonable level of detail.

Scan QR code

Via the Main page, users can view. PrimeXBT also supports both fiat and crypto withdrawals. Research reviews, forums, and expert opinions to gauge the exchange’s standing in the community. Access Advanced Charting: Utilize technical analysis tools and charts directly from the mobile app. Dear Barak Asad,We’re thrilled to hear that PrimeXBT has been the trading platform you were looking for. For this reason, I will not be focusing on the general areas of PrimeXBT, but rather honing in on aspects such as its futures, PrimeXBT copy trading, and other factors such as margin trading. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. PrimeXBT offers the only all in one platform that allows clients to buy and sell Crypto, and use them to trade 100+ popular markets including Crypto Futures, and CFDs on Crypto, Forex, Indices, Copy Trading, and Commodities. With a margin account, a user could deposit $100, and using the power of 100x leverage turn the capital into a $10,000 position equal to one full Bitcoin. And that question is a little complicated because to be a successful day trader takes a lot of skill, and some luck, and there are also times when it does fail. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. As I have already written it’s not easy for beginner, but I realize that I’m becoming more professional trader. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. Daily from 12 to 14 hours UTC. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Information regarding past performance is not a reliable indicator of future performance. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. The PrimeXBT support team can be reached by email at. Throughout my testing, the app performed smoothly without any bugs or glitches. 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. Robinson was responsible for transaction execution, business development, strategy, finance and operations across the group. 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.

Account

That is not entirely true. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. The platform’s copy trading feature allows users to follow successful traders, further enhancing its appeal. 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. 27 you could’ve made almost 130% of your investment. By capping the leverage on isolated margin trades, PrimeXBT may be attempting to protect traders from the rapid exhaustion of margin in the face of volatile market shifts. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. $20,000 or equivalent for unverified users. 12 milliseconds on average. With a 24h derivatives trading volume of around $800 million, Deribit is one of the most popular cryptocurrency exchanges for leveraged trading. By mid 2022, SOL’s price had plunged from its peak of $260 to below $10, reflecting a dramatic market correction. You can manage your account, view all trading accounts, and check total funds directly from the main page. It’s crucial to understand these risks and use effective risk management strategies to protect your capital. PrimeXBT does not currently hold a license with a reputable regulatory agency. Key factors that influence this performance include execution efficiency and order fulfillment, leverage and margin capabilities, and the unique feature of copy trading, part of the Covesting module. Margin accounts enable leveraged trading. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. So, what about Kraken. 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. Thank you for choosing PrimeXBT, and happy trading. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Cryptocurrencies are also available for buying, selling and exchanging via Visa/MasterCard and PrimeXBT cryptocurrency wallet.

Supported Order Types:

You can buy Ethereum through an exchange and put it in a wallet for a longer term “buy and hold investment,” or you can trade using the CFD market offered at PrimeXBT. Cryptocurrency deposits offer several advantages, including lower fees and faster processing times compared to traditional fiat deposits. ” will probably be answered in 2024. A market order is an instant order. Information regarding past performance is not a reliable indicator of future performance. Moreover, users can conveniently transact in US dollars. Consider Ethereum as a long term investment; don’t expect overnight riches. Staying informed and proactive about fee management is key to successful trading. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure.

Chasing the whale

This allows traders to gain experience and understand the dynamics of leveraged trading without taking on excessive risk. Boni können auch entzogen werden, wenn Benutzer ihre eigenen Gelder abheben oder den Bonus nicht innerhalb des festgelegten Zeitrahmens nutzen. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdictions in which You may be liable to pay tax. Future Discounts: These accrued loyalty points can be subsequently utilized to unlock substantial discounts on future PrimeXBT purchases, extending the value beyond the Labor Day event. The retail spot Forex markets at PrimeXBT are traded via CFD, or contract for difference pairs, meaning that you can trade the pairs in very granular position sizes. Check out our Help Center. Cryptocurrency Market Stumbles Again As Bitcoin BTC Price Plunge Below The $59K Mark. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Many other altcoins are also showing incredible promise in the realm of AI, decentralised data, GameFi, and much more. Gold is an established and mature market for investable assets. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. Ethereum is the second largest cryptocurrency by market cap, but it was also the first blockchain to employ smart contract technology and is fueled by the coin, also known as Ethereum, or ETH. In fact, Bitcoin has been commonly referred to as digital gold.

$10 85B in Bitcoin and Ethereum Options Expire Tomorrow

You have to use your custom referral link to invite people. Overnight financing fees, also known as swap fees, are charged when holding a leveraged forex position overnight. The registration process is straightforward and takes only a few minutes. Beyond trading, the next thing users look for when choosing between platforms is the available products and services. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. The platform is registered in the Republic of the Marshall Islands and does not hold licenses from major financial regulators like the FCA, SEC, or CySEC. PrimeXBT stands out with its wide range of assets. The platform offers a unique sliding leverage system with up to 200x crypto leverage trading on crypto. Answers to every question asked about the project in multiple QandAs. In some cases, hundreds of professional traders may have participated in the creation of the automated strategy that you’re following. Seek independent advice if necessary. For more detailed coverage of the platform, please check out our PrimeXBT review. 11 in 2026, which is a 309. The data contained in this website is not necessarily real time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. This is great for those who want to make big profits from small changes in forex prices. Please contact us directly at. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. 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. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Buying crypto through OKX results in some pretty hefty fees, half of it probably going to the third party payment providers charging for the service. The most important thing is trust for primeXBT. Provisional Virtual Assets License: Dubai Virtual Assets Regulatory Authority. Bybit, headquartered in Dubai, caters to experienced traders around the world, excluding the US, and is renowned for providing impressive leverage of up to 100x. In the Cryptocurrency Service category. It’s great that you’re utilizing both crypto futures and global markets for risk management in your strategy. They only have two types of fees, and these are the trade fee and the overnight fee. PrimeXBT Trading Services, S. 🌟 Join the PrimeXBT affiliate program today. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. PrimeXBT integrates TradingView charts, which is a nice feature.

Contact

50 area, and this could be a significant barrier to overcome. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. 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. This makes PrimeXBT much safer against unauthorized access. Virgin Islands, Northern Mariana Islands. Enter your valid email address and a set of passwords. This is also why the Covesting platform leverages the Ethereum blockchain; to make all gains from copy trading transparent and publicly verifiable. Always check the bonus terms before withdrawing funds. We appreciate your thoughts on the number of trading instruments. For 2030, Techopedia sees the maximum price as likely to hit $6, while $5. There are two classes of assets available for trading: futures and CFDs. It’s great to know that our platform helps you effectively allocate risks, which is crucial for maintaining a balanced and resilient trading strategy. These bonuses are usually offered as fixed amounts or percentages based on deposits. PrimeXBT offers seamless user experience UX. Click Download and confirm the file download if you see a warning. 3448 according to sources such as Changelly. Ever feel lost trying to figure out the ups and downs of the market. Scalping also allows traders to analyse their profits and losses on a short term basis. Common staking profit is around 13% on a yearly basis. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. The following list outlines typical withdrawal fees for various methods on PrimeXBT. Not all predictions are going to be neutral and without conflicts of interest. For example, you may have a blockchain for a specific industry that wishes to speak with a vendor with its blockchain. DeFi, which stands for Decentralized Finance is a massively popular area of the blockchain, common on the Ethereum network, which allows investors to access opportunities that can be unparalleled in the conventional investing arena. Despite this modest figure, the platform expects long term growth for POL ex MATIC as blockchain adoption increases​. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. This also helps the crypto financial system remain healthy and avoid price manipulation such as so called “pump and dump” schemes. Receive the latest news and stay informed.

4 8

Org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Dear Hugo,We’re glad to hear that you’ve found PrimeXBT to be a suitable platform for your crypto trading. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. As your trading volume increases, you become eligible for lower fee rates. In other words, traders using PrimeXBT do so at their own risk. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. ” When a trader uses the term “futures contract” they are typically talking about a particular asset, “I bought bitcoin futures contracts. PrimeXBT does not support direct fiat deposits. Investors are increasingly picking BTC and other cryptocurrencies due to the potential reward. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. PrimeXBT Turbo is not for every trader, however those that use it have more opportunity to generate fast profits than with any other platform on the cryptocurrency market today. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Once the trade is closed, the trader is either credited or debited the price difference. It uses safe storage and encryption to keep things secure. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. A winning strategy allows you to know when to enter and exit positions. Polygon Ecosystem Token POL. Crypto Deposits: PrimeXBT offers free crypto deposits. 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. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. If the market is reacting like the image above, with small intraday dips, then cross margin should work the best.

Well known member

To the left of this is the option to switch from a candlestick chart to a line graph or bar graph. The name “HODL” is derived from a misspelling of “hold” on a popular cryptocurrency forum. This page has been updated 9 hours ago by Lily White. Get access to a wide range of trading, investing, and Crypto services from a single app. Adjusting leverage is important to align your risk exposure with your trading strategy and market conditions. Over the last few years,. I found the KYC process to be straightforward, with my account being verified instantly. Even though it is based in the U. Active for 537 days, it manages 1. We’re here to help you navigate the markets and ensure your trading experience with us is positive and successful. Dogecoin is a cryptocurrency altcoin that trades under the DOGE ticker symbol against USD and other cryptocurrencies like Bitcoin. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. One of the standout features of PrimeXBT is its security and trustworthiness. Understanding how nodes work and how to operate them is not straightforward and usually requires some form of education. Securities represent ownership in a company,. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. Over time, the Cryptocurrency began to be used as a way to pay for goods on the Dark Web, giving the Cryptocurrency its early start. For those who value VIP treatment and consistent rewards, Cryptorino is the crypto casino UK to be. Additionally, PrimeXBT offers access to Bitcoin options trading, which is an attractive feature for traders looking for more sophisticated financial instruments. Scan the QR code with your device’s camera and get APK file. If you’re willing to get to know the stop order definition and learn how exactly this concept is implemented in crypto trading, this guide is for you – read on for all the details. Your satisfaction and progress mean the world to us. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, 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, U. PrimeXBT serves over 150 countries and handles more than 1 billion USD in trades every 24 hours. Remember that the price per point of a standard lot in the GBP/USD pair is worth $10, so it is simply a matter of multiplying the distance traveled in points by the worth of each contract. 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. Taker fees, on the other hand, are charged to traders who remove liquidity by placing market orders that are executed immediately.

Important Notice

Contests – test your skills and compete with other participants to win prizes by trading Crypto, Indices, Commodities and FX with up to x1000 leverage with virtual funds creating a risk free environment. In terms of the reviews by other traders, they appear to be quite mixed. This is how it looks like. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. This site contains affiliate links to products/services. There are no guarantees when you buy DOT. Pearce is responsible for all areas of the group and its portfolio companies. PrimeXBT is a CFD exchange that offers a suite of trading markets, including some cryptocurrencies. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. With your funds securely deposited and visible in your account, you can now initiate a withdrawal. 25%, with additional features like high leverage trading and a demo account for practicing trades with virtual funds. Social trading service if you’d like. Some brokers charge commissions on CFDs on top of spreads. Risk management tools like ‘take profit’ and ‘stop loss’ are also available. This transparency allows followers to make informed decisions about which strategies to follow based on the associated costs. Please note that PrimeXBT reserves the right to initiate KYC verification procedure in certain situations. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. Decentralization: ensuring a high level of decentralization in its oracle network is an ongoing challenge. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Currently trading at about $0. As mentioned previously, you should choose the margin type that best fits your speculative trades or investments. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.