KYC?

Here is a look at the margin requirements for the 11 supported indices. In the registration form that opens, enter your email and a password. However, there’s a demo version for new users who are unsure about using the exchange. Please do https://primexbt-2024.com/faq/ your own due diligence before making any investment decision. Go to the “More” section, “Blog”. A market order is nothing but a straight buy or sell order at the market price. PrimeXBT places paramount importance on user security and data integrity within the cryptocurrency community. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders.

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I really enjoyed paper trading on PrimeXBT and I highly recommend that you give it a try to get to know the platform. The real defining tip that separates okay Day Traders from the real success stories that you read about in the media is definitely leveraging. Hello Mario,Thank you for sharing your thoughts and suggestions with other traders. Click Download and confirm the file download if you see a warning. 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. «Successful trading is not about making huge profits, but about preserving your capital and minimizing your losses. By selecting the ‘Continue with Google’ option, you will be redirected to the Google Account Sign in sub page. 🔄 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. You might also like: PrimeXBT Fees and Spreads. Many analysts believe that Bitcoin’s fundamentals – limited supply, increasing institutional adoption, and its status as a hedge against inflation – position it for potential long term growth. PrimeXBT offers built in technical analysis tools. Channels for Customer Support. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Returns or profits may be subject to capital gains tax. This platform is universal, as it provides an opportunity to work with assets of different markets. PrimeXBT is a top choice for traders, launched in 2017 and based in the Seychelles. Withdrawals on PrimeXBT are typically processed within 24 hours, but times can vary based on network congestion and security checks. Plus, unrealized profits and losses directly impact your free margin, which can eventually lead to a margin call if your free margin falls below a certain threshold. An example of a typical trading signal would be this. This is optional because some traders believe and hang onto the longer term trend. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. We use cookies to personalize content provided by analytic and advertisement partners to offer you the best service experience. Indeed, some analysts see it as never reaching that price point any time soon. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. During our PrimeXBT review, we concluded that PrimeXBT is best for.

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In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. These features certainly make Bybit a strong contender, but does PrimeXBT hold its own despite these challenges. Trade: Details of orders and positions can be found on the trade page. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. PrimeXBT’s fees can vary, but they are still competitive, especially for forex, indices, and commodities, at just 0. Com use credible sources to support their work. If you continue to face issues, please contact our support team at. The more capital pooled, however, the larger the profitability and APY possible.

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No other vendor, except Devexperts, was ready to address this challenge under the client’s terms within this time frame and the allocated project budget. Local $IDR funding methods:✅ Virtual Accounts QRIS✅ Ovo, Dana, LinkAja, ShopeePayQuick, fee free deposits for nearly instant trading access. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. 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. For example, Ripple went from under a penny to $3. ” or “how high will Cardano go. There are several strategies that traders can employ to minimize these costs. Education resources. And only has seven crypto trading pairs available which is very weak. The Basket Amount, or the required XRP per Basket, will be recalculated daily to reflect accrued fees and expenses. However, there are serious risks associated with hot wallets as they are vulnerable to hacker attacks.

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Conduct your own research by contacting financial experts before making any investment decisions. 0 wants to facilitate fair transaction sequencing for end users, preventing front running and other types of value extraction by bots and exploitative miners. Knowledge to use all the available tools. PrimeXBT is registered in the Republic of the Marshall Islands but does not have regulatory approval from major financial authorities like the FCA or CySEC. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Io review for contrast. Level 1 only requires email verification and you’ll be able to deposit, trade, stake, and withdraw up to $5,000. 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. 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. Ethereum’s merge, commonly referred to as “The Merge”, took place on 15 September, 2022. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. Each strategy requires a solid understanding of market dynamics and robust risk management to be successful. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Best regards,The PrimeXBT Team. The exchange has relatively low trading fees, with tiered discounts for CET token holders. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No.

Resources

The price spread is the difference between the buy ask and sell bid price of an asset, representing the transaction cost. PrimeXBT provides tutorials, webinars, articles, a support center, and a community forum to help traders enhance their knowledge and skills. So, in order to trade Bitcoin and major altcoins with leverage, you inevitably have to turn to alternative platforms. Both platforms offer various other services with unique fee structures. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. If you expect gold prices to rise but Euros to fall, you can trade it here. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Only for verified users. This can be extraordinarily beneficial on a spot market that moves frequently and rapidly, like the currency or crypto market. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. Here’s the best part: there’s no password to remember or forget. PrimeXBT is kicking off the New Year by giving back to its loyal user base after another year of platform innovations and award winning service. There is a slight difference in fees to start: the minimum fee tier at Gemini starts at 0. Returns or profits may be subject to capital gains tax. Margin trading allows you to leverage funds provided by a third party for asset transactions. To reach a global audience, the PrimeXBT website supports 12 languages, making it easy for people around the world to use its services. Promo Code Restrictions: If you are using promo codes, you can generally enter one code at a time. PrimeXBT delivers a robust trading experience with its advanced platform, high leverage, and wide range of assets. PrimeXBT is a cryptocurrency platform that combines the functions of an exchange, an exchanger, and a platform for trading crypto derivatives futures and CFDs. This table provides a quick reference to the key steps in the PrimeXBT KYC process, their descriptions, and their importance. Scan the QR code with your device’s camera and get APK file. 000027 resistance level, analysts foresee the potential for a rally toward targets at $0. That’s why, in addition to MT5, we also offer our own PrimeXBT WebTrader and App. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. Similar to the above, this may occur due to the ask bid spread, where the chart shows bid prices and your order is to be executed at the ask price. I would recommend it to everyone. Beaxy is a fully featured Cryptocurrency Exchanges Software designed to serve Startups, SMEs, Enterprises. For example, a user can open a 5 BTC position while having a 1 BTC deposit on a trading account, which will result in an effective 5x leverage.

Risk warning

While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Here you can select the parameters of your predictions, such as Currency, Duration and Amount of funds used in a prediction. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. For example, if the traders suddenly found themselves unable to pay, the broker may be left to cover the losses. Scan this code to download app. Our website uses cookies. Leverage gives you the ability to trade much larger positions than you usually would, as you take out a loan from the broker. Cardano price in US Dollar has decreased by 20. Example: BTC was always. Your decision should align with your trading approach, need for variety, importance of regulatory status, and fee sensitivity. Cardano is one of the biggest cryptocurrencies by market cap. Secure, offline storage. جميع الحقوق محفوظه 2016. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. It provides users with advanced tools to analyze certain markets and you can customize it for your own viewing pleasure. It is also important to note with the lack of KYC requirements that they are playing on the less cautious side of friendly regulation which may see some crackdowns in the future. With 46 active days, this strategy offers a consistent and stable performance, making it a viable option for potential followers. The PrimeXBT platform supports spot markets for over 30 of the most popular cryptocurrencies in addition to forex pairs, major stock market indices, and a broad selection of popular commodities.

Recent Comments

Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Investors can trade Ethereum and ERC 20 tokens at speed with minimal slippage, as well as other native cryptocurrencies and tokens on other blockchains including BNB Chain, Optimism, and Polygon. Do not submit petty or hyperbolic meta posts to stir up drama in the community. To seize this exclusive welcome bonus offer. There is no account fee, and the trading fee is 0. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT Trading Services, S. Instead of holding funds, the platform locks them in multi sig escrow to minimize theft risk and streamline trading times. Email login notifications can be disabled from your account Settings menu. This is a break down weekly analysis of Natural Gas. Returns or profits may be subject to capital gains tax. Now press “Create account”. PrimeXBT uses strict Know Your Customer KYC checks to make sure every user is who they say they are before trading. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. This is often done by managing and backing up specific tokens on the network. 99%, even though its all time profit stands at a steep 87. Visit PrimeXBT Platform and get 35% on Your First Deposit. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website. 58 per coin in one single year but then dropped 99% because of how strong the move was. These products are not suitable for all investors. Top tier regulators are like the toughest referees in sports. In the light of Shiba Inu’s decline many began to hesitate their investment decisions towards this asset. PrimeXBT is officially set up in Seychelles, which means it follows international laws. While most Bitcoin traders are day traders, some of them prefer to buy and hold Bitcoin without much intervention in the trades. Regulations can affect various aspects of trading, including account verification, transaction limits, and the availability of certain trading instruments. With a strategic approach and a dash of patience, Ethereum has the potential to be the spark that ignites your financial future. As a derivatives trading platform, PrimeXBT does not offer any spot markets.

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While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. PrimeXBT is tailored towards seasoned traders who are adept at navigating complex trading environments. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Moreover, futures orders are matched at unprecedented speeds, as MEXC can handle up to 1. Firstly, the Swiss National Bank surprised with a 25 bps rate cut to 1. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Overall, we likely know a bit of a dip at the beginning of the year, only to turn around and show signs of strength again. Review collected by and hosted on G2. Traders can stay informed about regulatory updates by regularly checking PrimeXBT’s announcements and updates, subscribing to regulatory news feeds, and leveraging PrimeXBT’s support services for the latest information on regulatory changes that may impact their trading activities. It is a best practice, and highly recommended, to set these limits for your trade, and you can do so by simply clicking the pencil next to the TP/SL for the trade that you want to set these limits for. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. So, in general, broker is ok. They predicted the token would reach $0. Competitions on demo accounts can be a good way to learn cryptocurrency trading in practice. These products are not suitable for all investors. To get started, choose traders based on their performance, which is displayed over various timeframes. Anyone is welcome to become a PrimeXBT affiliate by signing up at , and begin promoting their referral link on social media and elsewhere to friends, family, and passerby. Candlestick Patterns: Candlestick patterns reveal market sentiment within specific timeframes. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. Bitcoin futures are a version of futures derivatives contracts that involve speculating on the valuation of Bitcoin – the leading digital currency by market capitalization.

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Even this drawback isn’t deadly for me as I manage everything with stop loss orders. Prime XBT Trading Services, S. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Date of experience: July 30, 2024. Wir freuen uns zu hören, dass Sie die Möglichkeit schätzen, durch Wettbewerbe virtuelles Guthaben zu erhalten und so Ihre Fähigkeiten zu verbessern, bevor Sie mit echtem Geld handeln. PrimeXBT’s blog offers many guides explaining how to use these tools effectively. Musk has even talked about Dogecoin publicly on the popular TV show Saturday Night Live, and is now working with Dogecoin developers closely in attempt to streamline transaction efficiency and speed. Our human support team is here to help 24/7, in your language. Despite potential market volatility and regulatory changes, Polygon’s focus on innovation and cross chain interoperability could solidify its place as a leading blockchain infrastructure provider. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available.

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Volume Analysis: Trading volume, representing the amount of ADA bought and sold, is a crucial aspect of technical analysis. 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. It is possible to use third party services such as Coinify, Xanpool, or Paxful TC, which will allow you to buy BTC, ETH, USDT and USDC using your bank card, SEPA bank transfer, gift cards, etc. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. No personal information is required for you to begin trading with PrimeXBT, only the minimum deposit, and a valid email address and password. This can be a concern for users seeking platforms with strong regulatory compliance. Specifically, if you’re financing a leveraged position for more than 24 hours, you will then be charged with the overnight finance fee. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Crypto News, NFTs and Market Updates. The platform charges a trade fee for entering a position, and the platform charges overnight fees for financing a position overnight. Traders seeking swap free accounts for compliance with Islamic finance principles may need to consider alternative platforms that provide such services. Donate : We run this project for the benefit of the cryptocommunity on a small budget. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. Key Features of PrimeXBT Margin Trading. If your account equity falls below a certain level, PrimeXBT will issue a “Margin Call,” automatically closing negative positions to manage risk, resulting in lost funds. These products are not suitable for all investors. Last but not least, make sure you look into PrimeXBT’s policy on explicit, religious, and political content. It has a top mobile app and a customizable web platform for all traders. Io, in my opinion, is the leader in crypto copy trading. But Bitcoin futures aren’t always bearish, and there are long positions in addition to shorts. In general, the future does look bright for Litecoin, as long as the future is bright for crypto. Balance, account equity and margin details are displayed prominently, as well as areas to manage funding and withdrawals from your account. It’s a bit of an illusion. After Bitcoin came into existence, several cryptocurrency projects came to life.