PrimeXBT Review – Margin Trading FAQ

However, insurance coverage is still rare within the crypto industry. By lending your coins out you are not only receiving the interest from doing so, but you can also set terms that see you accumulating the gains that come with the appreciation of the price of the certain cryptocurrency. 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. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Wide range of margin options. However, traders should be aware of all applicable fees, including withdrawal and overnight financing fees, to fully understand their trading costs. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. It is intended as a protocol that gives network users the ability to prove various types of information without revealing sensitive personal information. It is important to note that PrimeXBT isn’t just a cryptocurrency exchange. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. Choose PrimeXBT for a versatile and user friendly payment experience. Sometimes, increased activity on a network could be triggered by the same group of traders transacting between different wallets. Best regards,The PrimeXBT Team.

🚀 How Does PrimeXBT Work?

As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Forex Brokers with ZAR Accounts. PrimeXBT is a leader in the crypto trading world for its low fees and clear pricing. Yes, using the in wallet exchange feature, you can exchange BTC, ETH, USDT and USDC amongst each other, directly in your PrimeXBT account. I also like that although the charting interface looks and functions the same, traders need to switch between margin, spot, and derivatives trading, which in my opinion, keeps things more organized and less cluttered, helping to ensure traders don’t accidentally trade the wrong market. Readers should do their own research. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Alphadyne is in first place among the most profitable new traders and has scored an ROI of 895. Buying and holding is a simple and usually effective method to profit from a Cryptocurrency, but it may not be the best use of XRP. To delete your PrimeXBT account, you will need to contact customer support directly and follow their specific process, which usually includes verifying your identity and ensuring all open positions are closed and funds are withdrawn. Deposit Purchase crypto via bank card or transfer via third party companies. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. Date of experience: November 15, 2024. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. Here is a look at the Bybit trading interface. In the registration form that opens, enter your email and a password. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. The Commodity Futures Trading Commission now permits the trading of cryptocurrency derivatives publicly. PrimeXBT delivered a seamless trading experience.

Deposits and Withdrawals

I read a lot of reveiews and articles about PrimeXBT and I found out that this is the only platform that provides equally good trading terms across all asset categries. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. When looking at the top holders, you need to be aware of a couple of nuances. Cardano’s rise to $1 could be influenced by its correlation to Bitcoin ahead of the April halving event. And 11 tradable indices. You can close your running positions on PrimeXBT using either a market or limit order. Crypto Futures example. 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. Currently, official PrimeXBT GitHub Public Repository doesn’t exist or wasn’t submitted. Leveraging or trading on leverage is a process where traders get more exposure to an asset than they have invested, allowing traders the opportunity to capitalize on borrowed funds. This gives the trader the advantage of making money on “borrowed funds”. For a complete list of restricted regions, refer to Section 1. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. You can trade any ERC 20 tokens without middlemen, fees, or limits. The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills daha fazla oku in cryptocurrency trading in order to increase the contest deposit. We’re hiring a new Content Writer in European Union. To help our readers better understand how each Bybit alternative cryptocurrency trading platform stacks up against one another, we’ve included a comparative table highlighting key information about each platform. The broker does not charge dormant accounts with an inactivity fee. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot.

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If you need any support or wish to share more about your trading experiences, please don’t hesitate to reach out at. The platform aims for its brand to be synonymous with innovation and quality, and to build upon its reputation as a trusted and reliable partner for traders globally. This can be a passport or other form of identification. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. At PrimeXBT, we’re committed to empowering your trading success. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. The security or functionality of the network could be impacted by bugs, weaknesses, or technological issues, potentially resulting in financial losses. Tips for Successful Margin Trading on PrimeXBT. 0000157, depending on ongoing trends and the constant development of the ecosystem. Here you can trade with both cross and isolated margin which certainly stresses the broker’s commitment to ensuring universal infrastrcture. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. The values listed below are for one full base currency contract 100,000 units. Polkadot is a network of blockchains, including its main blockchain, known as the “Relay Chain,” and many user created parallel chains, also known as “parachains. Let’s find out how you can actually get your PrimeXBT tax sorted. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. We’re glad to hear that you find the platform user friendly and appreciate the range of crypto trading options, from Futures to CFDs. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. We use dedicated people and clever technology to safeguard our platform. However, it has become standard on most trading platforms. As more upgrades happen, increased technical risk and possible failure in the deliverance of complex products arise. Remember, terms and conditions apply to these promotions. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT offers margin trading with leverage up to 100x, which is attractive for traders looking to maximize their returns.

We encourage constructive feedback

Commodity Futures Trading Commission CFTC in 2020 for operating without proper KYC and AML procedures. Nowhere else is this rapid pace way of profiting from crypto trading available online, with PrimeXBT pioneering the next generation way to trade. We are always open to a dialogue and we are full of confidence that we can arrange for you the best conditions for a fruitful cooperation. This mobile app provides strong functionality, allowing users to trade on the move, track markets instantly, and easily handle their accounts on any iOS or Android device. To stay informed about the latest promotions, be sure to monitor the platform and follow PrimeXBT’s social media channels. United States of Minor Outlying Islands. The platform is directly accessible and fully operational for all customers in the region. It’s natural to take a moment to get familiar with everything as a rookie, and we’re here to support you every step of the way. CFD markets are leveraged, meaning that you only need to put up a little bit of the position value to control a much bigger position. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The platform provides a variety of free deposit options for both crypto and fiat. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Contact

PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. For instance, a leverage of 100:1 means that you can trade $100,000 worth of currency with just $1,000 in your account. This website is owned by PrimeXBT PTY LTD. Cryptocurrency, Forex, Indices and Commodities. For enhanced security, it offers two step authentication and biometric login options. When you trade with us, you can start small and still earn big. KYC due diligence may seem like an invasion of privacy especially for a group of individuals that laud privacy, anonymity and the decentralisation of the financial system. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees.

MehmetKocaman

There is the possibility that you can lose money. Highly recommended app. Reply from PrimeXBT Copy Trading. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Start trading to fill the ‘Volume’ progress bars of your Trader’s challenges. We’re always here to help. If you make a proper analysis and the prices fall according to your prediction, you will profit. Leverage trading in Crypto allows you to control a larger investment position in the market by borrowing funds from a broker, essentially magnifying your buying power. When you trade with us, you can start small and still earn big. With the crypto market finally in recovery and with a profitable 2019 ahead, selecting the right trading platform can mean the difference between meager or massive profits. These aspects contribute to the overall user experience, but how do they measure up in terms of technical tools and resources. Luhansk People’s Republic. PrimeXBT has not been hacked and is generally considered a secure and trustworthy platform. Risk management techniques include setting stop loss and take profit levels, diversifying your portfolio, and using the platform’s risk management tools effectively. Good platform to learn how to trade. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. Date of experience: December 3, 2024. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Copy your unique referral link from the ‘Referral program’ section. Our human support team is here to help 24/7, in your language. Stop Loss and Take Profit protective orders can be added to a Limit, Market or Stop order as well as any open position. At PrimeXBT, we want you to succeed as a trader.

Select a Country

PrimeXBT copy trading is a feature that allows investors to automatically replicate the trades of experienced traders. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. As a trader on PrimeXBT, I find their user dashboard to be one of the best out there. Refunds are processed per the Withdrawal and Refund Policy. Our in house experts will assist you with their hand picked recommendations. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. In copy trading, your trading results fully depend on the trading performance of your followed traders. Our clients love how fast and simple our sign up is. Traders can set stop loss and take profit orders to automatically close positions at predetermined levels, helping to manage potential losses and secure profits. 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. To delete your PrimeXBT account, you will need to contact customer support directly and follow their specific process, which usually includes verifying your identity and ensuring all open positions are closed and funds are withdrawn. 1, as well as 0 fees.

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Learn more about Baksta’s Legal Terms. 01% and a Taker Fee of 0. Since Polygon helps solve these problems, more developers and businesses are using it to build decentralized apps. Unfortunately, futures markets are not as flexible as CFD markets because they are standardized contracts. Margin trading can be good for beginning traders, mainly because it allows you to control larger positions with very small amounts of money. The service is easy to use and the learning curve is not steep. There seems to be no further plans for a future return of their trading platform. These bots make it easier for a trader to keep track of the price movements and opportunities that increase the chances of profits. PrimeXBT emphasizes privacy and does not require KYC Know Your Customer verification for basic accounts, making it accessible to users who prioritize anonymity. PrimeXBT has no minimum deposit as such, you can deposit any amount. We strongly encourage you to conduct your own research and exercise informed judgment when making financial choices. Bitcoin is undeniably the highest performer on the Crypto market with the highest market capitalization, highest average price and it garners the most interest. With a solid market cap of $199B, ETH proudly places second after Bitcoin, with an astonishing daily 24H trading volume of $6. Can I change my leverage. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Quantitative data refers to on chain metrics such as total BTC address, number of transactions, hash rate, and more, while qualitative analysis could refer to the belief that the Crypto industry could disrupt precious metals. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. PrimeXBT offers margin trading to enhance earnings. And it goes beyond crypto signals. Placing trades on PrimeXBT is simple, with an easy to use order form. And finally, the 5 supported commodities. Note ✍️: There are also financing fees on PrimeXBT which are dynamic. Users can open accounts, deposit crypto, and start trading with just an email address. Reply from PrimeXBT Copy Trading. This will bring up the ‘New Order’ window. Being an international broker and working with clients from different copy trading platform countries we understand that every person is unique with his own values, no matter whether he is a trader or a partner.

Important Notice

Agents respond within seconds and are fairly knowledgeable. If the app is unavailable in your region, you can still access it through direct download from our site. 0 upgrade is being implemented to fight network congestion, one of the biggest complaints about Ethereum. For more information, please see our Cookie Notice and our Privacy Policy. Avoid this exchange altogether. Read our full MEXC review. More flexibility, security, and scalability are made possible by this division of responsibilities. The required margin is different for each trade, so make sure your account is appropriately funded. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain.

Worse

The XLM price increased 2. CoinCodeCap offers crypto signals with entry points, profit targets and stop loss levels. Conversely, increasing leverage can amplify potential returns, making it an attractive option for traders with higher risk tolerance. It’s a digital asset that powers the Ethereum blockchain, a decentralized platform enabling secure transactions and the development of various applications. Furthermore, traders should be aware that neglecting risk management practices like stop loss orders can worsen the situation. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Security measures include Two Factor Authentication 2FA, Cold Storage as well as SSL Encryption. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. Nothing in this website is intended to constitute the marketing or promotion of PrimeXBT services. Bit2Me is a cryptocurrency broker based in Spain that launched its service in and offers individuals to buy and sell more than 82 cryptocurrencies. Furthermore, those who stake COV can benefit from a yield boost. 2024 00343, having its registered office address at PKF Corporate Services Ltd.