FAQ

Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. 7 million just in Success Fees. PrimeXBT’s unique selling proposition for traders is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. 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. Apart from that, there is also the email support option. 071 USDT in trading fees. Plus, there is a much lower cost of entry, which could make it attractive to many investors just dipping their toes in the crypto waters. PrimeXBT is a standout in the crypto trading world. To register on PrimeXBT WebTrader;. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices. Since its founding, PrimeXBT has grown substantially and now serves clients in over 150 countries and is a well known and respected exchange for providing clients with access to top tier liquidity and robust trading tools. Leverage allows traders to open positions larger than their capital. PrimeXBT calculates the spread price using the following formula: Swap Rate % x Asset Price x Amount position size. Indicated that the app’s privacy practices may include handling of data as described below. To get started, choose traders based on their performance, which is displayed over various timeframes.

◾️Can I connect via API?

Shiba Inu price prediction. The platform also suggests creating multiple accounts for various strategies and practicing with a demo trading account. Limits often include minimum and maximum transaction sizes, daily withdrawal limits, and exposure limits. The exchange offers different types of tournaments. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Fee rates on PrimeXBT can change based on market conditions and platform updates. It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. This means you’re much less likely to miss out on investment opportunities when they arise. It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks.

7 Best No KYC Crypto Exchanges in 2024

By batching transactions together, the platform effectively reduces the cost per transaction on the network, benefiting users by lowering their withdrawal fees. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. The material covers everything from beginner concepts to advanced pro strategies. The content of this website is not intended for residents of the European Union, the Bono de PrimeXBT 200 wider European Economic Area, or the United Kingdom. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. Low trading costs and 0 fees. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. 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. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Obtaining PrimeXBT promo codes is straightforward if you know where to look. For more thorough analysis, browse the second, more extensive table which reveals all the main features, ranging from cryptocurrency exchange fees comparison to security comparison. Withdrawals on PrimeXBT are processed once daily between 12:00 and 14:00 UTC. USD, GBP, EUR, CAD, AUD, CHF and more. In addition to a track record of safety, several added security features should be included. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

How many PrimeXBT users are there?

PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 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. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. This means that with a small amount of capital, traders can gain significant exposure to various financial markets, including cryptocurrencies, forex, commodities, and indices. The use of blockchain technology is indeed a core aspect of our platform, helping ensure trust and visibility for all users. Its clear fees and wide range of tools make it a great choice for traders. Opening a long will result in profits if the asset does indeed go in an upward direction. Short positions with allows you to profit from a Cryptocurrency’s price decline. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. KYC is optional on PrimeXBT. We all know how important trustworthiness is when it comes to choosing a trading platform. It takes just a few minutes to get started. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. It is also a multi faceted thing as it requires the use of certain trading plans when the market is going one way, and then a change in tact when the market reacts differently.

Deribit

PrimeXBT has never suffered a hack or security breach during its operational history. You can, for example, open a 0. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer PrimeXBT TH of security. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. The ability to profit from falling prices is due to the ability to short sell the market. In my opinion, this platform is gaining popularity in the crypto trading community. Perhaps this is something they will add in the future. Remember, though, volume isn’t the sole indicator of liquidity, as order size and spread are also pertinent factors in your trading strategy. Cryptocurrencies are also available for buying, selling and exchanging via Visa/MasterCard and PrimeXBT cryptocurrency wallet. We want to give the world control over their finances, once and for all. Before you press “Confirm”, review the order. Pro Tip 💯️: If you need to have your query answered quickly and you are not getting a response through their ticket support system then you can always hit them up on their social media. We process withdrawals daily between 12:00 and 14:00 UTC. Uncover Bybit’s pros and cons, trading options, security measures, and other features of this crypto exchange.

Risk warning

Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. It is also recommended that you stay informed about the occurrences in the market because prices react to market sentiment. Let’s say you’re trading with a $5,000 account and with a 100:1 leverage ratio. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Having said all of that, it’s evident that Bybit is surely one of the better crypto exchanges on the market. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. The process takes just a few clicks and less than a minute. It has come to our attention that several websites, as well as several social media accounts and online discussion forum accounts, have been posing as PrimeXBT or official PrimeXBT staff members with the goal of scamming users and stealing their funds.

All Categories

Withdrawals are processed 7 days a week. The following data may be collected but it is not linked to your identity. Well, we are not really fans of mobile trading in general. Yes, PrimeXBT offers volume based discounts on trading fees. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. Your email address will not be published. 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. Even though market analysis and education can be very useful, unpredictable short term market changes can still result in significant losses. Select Verify Account. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Com to get the latest news. 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.

PrimeXBT Exchange Review 2021

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. On PrimeXBT, the user interface includes. We’re pleased to hear that you’re taking full advantage of the variety of assets available on PrimeXBT, including forex, indices, and commodities. Visit PrimeXBT Platform and get 35% on Your First Deposit. There are many trading strategies to choose from for trading Bitcoin. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. Nope, it’s currently unregulated by financial authorities. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. Software Common with PrimeXBT and Binance. Com is provided solely for informational and educational purposes. If you provide a strategy for copying. Prime XBT Trading Services, S. Therefore, if a withdrawal is requested after 12:00 UTC, there could be a wait of over a day to see the funds in your wallet. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. These measures ensure the safety of traders’ data and transactions.

A Simple Plan For PrimeXBT Forex

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Click here for step by step instructions on how to make a deposit on PrimeXBT. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. 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. Restricted jurisdictions can be noted here. 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. With PrimeXBT you have access to various trading assets; CFDs, Forex, Crypto, etc. Currency assets are traded among themselves, with resources and metals. PrimeXBT is efficient but choosing a broker is based on your preferences. Market Search: The dedicated „Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. Best regards,The PrimeXBT Team. To understand what a margin account is, you must first learn the definition of margin. No, only the Prime XBT online trading platform is available. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. The file is verified secure by PrimeXBT. 01% for makers and 0. Although the Forex market is open 24 hours per day, it’s not always active. Trading platforms like PrimeXBT offer similar tools for traders, allowing them to open positions with up to 100x leverage on the LTC/USD or LTC/BTC pairs, alongside other popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and EOS, as well as traditional assets such as forex currencies, commodities, and stock indices. Dear Barak Asad,We’re thrilled to hear that PrimeXBT has been the trading platform you were looking for. The halving is a hard coded event scheduled for roughly every four years where the amount of new Bitcoins that miners receive is reduced by 50%. Providing a great set of tools for traders is our goal, and we’re glad you’re enjoying it. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. Returns or profits may be subject to capital gains tax. Your profits will depend on your patience, trading decisions and the success of your trading strategies.

Subscribe for weekly updates

The PrimeXBT 4 level referral program pays out 10 times more than any competitor in the crypto space. 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. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 73 cryptocurrencies. 05% fee for all trades. Sticking to trusted and well known platforms can also reduce the likelihood of encountering scams. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. For example, if the trader bought Bitcoin at $50,000 and sold it at $54,000, the profit is $4,000. PrimeXBT has never suffered a hack or security breach during its operational history. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. We appreciate your positive feedback and are committed to continually enhancing our services. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The price of Bitcoin and Litecoin are correlated, despite the two being entirely different networks. Get dialed in every Tuesday and Friday with quick updates on the world of crypto. 302 level, nearly $1.

Worse

Attempting to activate two promo codes of the same type usually results in only the first code being applied. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. If you haven’t, your withdrawal request will be rejected. Enter the email address associated with your account, and we’ll send a verification email to your inbox. Unlike other orders, they guarantee the price but not the execution. Traders worldwide trust us. Our clients love how fast and simple our sign up is. The benefits claimed by the developers of the platform are. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Watch for news on this end because if they open up more use cases and slots, this should bode well for Polkadot over the long term. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. PrimeXBT’s diverse selection of traditional asset CFDs allows you to manage risk effectively while capitalizing on various market opportunities. That is not entirely true. That said, just as much, if not more money, has been shorting Dogecoin since then. The US has strict regulations for financial and trading platforms to protect consumers. Choosing the right payment method depends on your trading strategy and convenience. 🤖 Mean reversion is the financial theory that Scambio PrimeXBT asset prices will tend to move towards their historical average over time. Visit our Help Centre. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance.