PrimeXBT Review

PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. The current circulating supply is 35,337,351,900 ADA coins. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Not available for US residents. The atmosphere and look of the exchange’s website did not suit me. These include fan lines, Fibonacci, primexbt.com retracements, and other trend lines. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. 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. So, should you use mobile trading. Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Cosmos Hub proof of stake blockchain began in 2014 when developers Ethan Buchman and Jae Kwon created Tendermint, the consensus algorithm that serves as the backbone to the Cosmos network. Through their extensive network of friends, family, and followers on social platforms, traders are able to monetize any additional traders they sign up to PrimeXBT through a unique referral URL we provide. Before diving into leverage trading, it’s crucial to understand the risks involved. Although not available at the time of writing, Pruglo has noted that COV tokens will also be used for staking on the platform to receive various benefits. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. One of the biggest advantages to trading the spot Forex market is leverage.

The Fee Fight: Navigating Bybit and PrimeXBT’s Cost Landscape

You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. Securely store all the Crypto you buy in your PrimeXBT Wallet. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. However, its offerings extend far beyond the realm of digital currencies. I ain’t got hiccups with the number of payment means but faced a sudden delay during depositing. This transparency allows users to make informed trading decisions, about which traders to follow. Other similar apps like PrimeXBT are Gate. Finally, they also have advanced hardware modules where they run their trading technology. Overall, I rank PrimeXBT in the middle of the pack. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. ” Price reduction of up to 55% when you buy. For our trading test, we thoroughly evaluated the PrimeXBT platform. Pearce is responsible for all areas of the group and its portfolio companies. Comments: Despite seeing several reviews expressing concerns about high leverage on PrimeXBT, I actually find it to be an advantage as it increases the potential for profits. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. I always recommend that traders check them before evaluating the total trading costs. And it goes beyond crypto signals. PrimeXBT Trading Services, S.

Tradable Instruments

This trading instrument has become very popular and similar products are now offered on many of the major exchanges. When trading on leverage, traders can potentially enhance their returns by a certain factor. A trade on the GBP/USD CFD contract has a margin requirement of 0. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. These pools are a collection of funds that offer liquidity to a particular market. 1%, and variable overnight swap fees tailored to each asset. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT does not charge inactivity fees, meaning there are no costs associated with maintaining an account that is not actively being used. He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics. It offers up to x200 leverage, a user friendly interface, and is complemented by the copy trading service offered by the company. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. Margin trading platforms allow users to trade with borrowed funds, amplifying their potential profits or losses. They provide a unique way to get positioned in markets and create hedge positions. You can even buy a brand new Tesla car with Bitcoin. Operating globally, PrimeXBT has expanded its presence with three offices worldwide and a dedicated team of over 150 employees committed to providing exceptional trading services.

Stocks

Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. 67 USDHow can the financing of this trade outweigh the profit by a few cents. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. Prime XBT allows you to actively trade most popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin and more, profit from market rallies and declines, or hedge your existing cryptocurrency holdings. Scan this code to download app. After either buying Bitcoin directly from PrimeXBT’s dashboard or making a 0. Delays can be caused by various factors, including network congestion, blockchain confirmation times, or issues on the PrimeXBT platform. A trader can analyse the crypto market through technical analysis or fundamental analysis. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. Additionally, withdrawals to a bank card come with a hefty 5% fee. In the following lines, we’ll provide detailed tips on margin trading, so that it impacts your bottom line in a positive way. Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. Trading cryptocurrencies allows you to both invest, and hold, cryptocurrency, but to also have a lot more control on your profits and potential to make money. 1% of the required capital in order to take out that position. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. Pearce currently serves as the Chief Executive Officer of Norbrook Equity Partners Limited. The benefits claimed by the developers of the platform are. The SandP 500 has generally done well for investors over the longer term, but it should be remembered that the last 14 years have been years in which we’ve seen a lot of stimulus coming from the Federal Reserve. 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. 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. By following these steps, you can easily claim and benefit from the various bonuses offered by PrimeXBT. Ensure you understand the difference before starting. Hacking can lead to the complete loss of funds. In terms of the reviews by other traders, they appear to be quite mixed. Leverage trading Crypto presents a higher level of risk and reward.

I love Prime XBT!

It is uniquely designed to head on address the scalability issues associated with Bitcoin, Ethereum, and other gen 1 and gen 2 blockchains. Average commission compared to competitors. The standout feature of PrimeXBT’s offering is its rock bottom $0. The exact amount and conditions for these fees can vary. Ethereum, the Ethereum market is more established, but Solana is trying to catch up to Ethereum. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. PrimeXBT has earned a solid reputation in the trading community over the past six years. To increase your daily withdrawal limit beyond the standard amount, you must complete the account verification process. PrimeXBT Trading Services, S. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. The platform has become popular for traders looking to access high leverage and is available in over 150 countries worldwide. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The values listed below are for one full base currency contract 100,000 units. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. A consolidation phase is when the price trades within a range.

Day Trading: Acceptable Choice

On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. To get the most out of your PrimeXBT bonus, it’s essential to have a clear trading strategy. Because of this, it is an attractive option for Namibian traders who want to access international financial markets. In the special sub menu you can modify your pending order: adjust the order amount or change the protective order price. Registered in Seychelles, PrimeXBT has offices in St. Depending on your jurisdiction, some products or services might not be available. Please note, some markets may only be available via CFDs or other derivatives. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Allowing traders to code their own bots and trading algorithms on the platform could add to the platform’s success. Whether you’re a beginner or an experienced trader, there’s an account type that can meet your specific requirements. Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process. The platform offers a very limited range of crypto futures markets and conditional orders. However, losses are also magnified in a declining market. The article adheres to our editorial guidelines for objective review. PrimeXBT, distinguishes itself in the cryptocurrency exchange market by specializing in Bitcoin trades, though it supports a variety of digital assets. Scan this code to download app. Happy trading, and thanks again for your insights. Although many crypto exchanges have started to mandate that users must complete Know You Customer KYC verification before depositing funds or trading, most platforms we’ve discussed let users deposit crypto to begin trading without completing verification. Plus the fees are truly low, you pay only 0. 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. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. This review delves into the features, advantages, and user experience of the PrimeXBT app, making it an essential read for both beginners and seasoned traders. I conducted a series of tests and assessed that PrimeXBT provides very high quality support. It takes just a few minutes to get started. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No.

Webinars and Training Sessions:

What is Discounted Cash Flow DCF. There are two main types of storage for digital currencies: hot wallets and cold wallets. Visit the fees section at PrimeXBT to confirm the exact fees on the day. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. When you feel like revenge trading, always remember this point – The market doesn’t owe you anything. They’re quick to reply and actually know their stuff. To minimize fees, focus on trading larger volumes to qualify for discounts, avoid holding positions overnight if possible, and plan withdrawals to reduce the impact of fixed fees. Whether you believe in the Bitcoin story and want to invest in the coin depends on your personal preferences and risk tolerance levels. This means that you can limit the margin that one position can use from your account, and limit the exposure. This section will provide an overview of the available asset classes on PrimeXBT and offer guidance on selecting the most suitable ones for your investment strategy. When global economies are booming, investors and traders tend to prefer stocks and commodities. Traders can access leverage up to 100x, allowing them to maximize their trading positions and potential profits. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. In my honest opinion Primexbt looks like a good option for those who holds Bitcoin and wants to get a hassle free access to worlds markets – commodities, metals, indices, forex etc. With traditional trading, you’d purchase what your budget allows. Easily buy Crypto with Visa or Mastercard. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. This section will discuss the regulatory landscape influencing PrimeXBT’s operations and the measures the platform takes to comply with these regulations. PrimeXBT clients have access to margin trading leverage, which allows them to increase the volume of transactions at the expense of borrowed capital. Compared to the industry average, PrimeXBT provides an average number of currency pairs and a high number of commodities, indices, and cryptocurrencies. Copyright © 2025 EA Trading Academy. In the world of Crypto leverage trading and margin trading, you can use two main approaches to capitalise on price movements, long trades and short trades.

Bitcoin’s DeFi Renaissance is Helping Unlock Billions Worth of Dormant Capital

However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. PrimeXBT offers a user friendly interface and advanced trading features such as leverage trading. They have developed their own trading technology, making the platform robust with plenty of key features. PrimeXBT presents an interface that’s both customizable and user friendly. Built in technical analysis tools let traders assess the market and trend, then take a position accordingly. I used PrimeXBT for w good while and I was able to maintain + 0 for a long time, but it was hard. The copy trader receives 60% of the profit, the signal provider 20%, and PrimeXBT 20%. Utilize the 4 level hierarchy system. Account verification is completed upon Depositing Cash. A strategy is a pool of a trader’s personal funds which are visible to the public and can be followed by other customers on the platform.

5 0

Our 24/7 support team here to help. You can build out your own workspaces that you can access at the top of the platform. The opinions, news, reports, analyses, quotes or other information contained in Mundo Forex. 414 Fibonacci price target drawn from the 2021 swing high to 2022 swing low projects a target for this cycle of $9,700 per ETH. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. However, I wish there were more technical analysis tools available. However, insurance coverage is still rare within the crypto industry. Yes, all gains must be reported, but you only pay tax if your total gains exceed the annual tax free allowance. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. Check the analysis report on Top rated Crypto Wallets that are safest for your funds. As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges.

Important Notice

Visit the fees section at PrimeXBT to confirm the exact fees on the day. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. On the other hand, a trader with a high risk appetite will be drawn towards the rewards to be earned when the prices drop. Turbocharge your trading with our Bonuses, Promos, and Trading Contests. These security features are designed to provide peace of mind for traders and ensure a safe trading environment. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. Whatever you use as a system, be it technical, fundamental, or more likely than not, a combination of both, it is crucial that you do what is known as backtesting. If you have any questions or need further assistance, please don’t hesitate to reach out at. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website. It has gained popularity for its crypto margin trading capabilities. The absence of third party materials, such as those provided by Trading Central or Autochartist, limits the broader market perspective available to clients. Matthew is a well experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. 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. BNB Smart Chain network BSC for BEP 20 tokens. Hoskinson co founded Hong Kong based blockchain research and engineering company Input Output Hong Kong IOHK, which develops the Cardano project along with the Cardano Foundation and Japanese software firm Emurgo. For example, if a trader has $1,000 and uses a 10x leverage, they can enter a trade worth $10,000. Most traders will be looking at a longer holding period than just 2 years to make significant profits. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. Securely store all the Crypto you buy in your PrimeXBT Wallet. Leverage:PrimeXBT stands out by offering high leverage, up to 200x for cryptocurrency pairs and up to 1,000x for forex pairs. But does this design translate into an efficient user experience. Depending on the type of a promo campaign, specific rules and conditions may apply to the promo, as listed below. Here, you can choose the exact amount of BTC that you want to close from your position, and when you input this, you can simply hit the blue button. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Tony Severino is a trader, technical analyst, and award winning content producer with more than 15 years experience working in online media.

Crispus Nyaga

Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. PrimeXBT is often praised for its low fees with spreads as low as 0% and trading commissions as low as 0. My PrimeXBT review found no verifiable misconduct or malpractice by this broker, founded in 2018. We follow strict editorial guidelines to ensure the integrity and credibility of our content. Crypto gains are subject to capital gains tax at progressive rates. Information regarding past performance is not a reliable indicator of future performance. We appreciate your feedback as you continue to explore the features of our platform. Here’s your personalized cheat sheet. 6D Lab, for instance, offers professionals in recovering money lost to bitcoin fraud if you have lost money in a bitcoin scam. Here’s a quick overview. Most importantly, you can automatically copy the trades of proven cryptocurrency trading veterans. The calculation of selling a single standard lot of GBP is the same as trading £100,000 for $135,100 so your total position is worth $270,200 £200,000. 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. This site contains affiliate links to products/services. You can find all of this information right here at Crypto Parrot. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews articles and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union. There are also chat rooms in Telegram, some of which are localized by the country of residence of the clients for convenience. Sign up FREE to receive our extended daily market update and coin analysis report. By understanding the anatomy of a serious bear trap pattern, recognizing key indicators, and adopting protective strategies, traders can navigate the intricate world of trading with greater confidence.