PrimeXBT Review 2025

Limited Time and Usage: Many bonuses have expiration dates or conditions tied to specific trading volumes or deposits. A trader wants to buy stock XYZ at $14, but XYZ is currently trading at 15$. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. My experience with PrimeXBT’s customer support was mixed. However, if you are more of a longer term trader, you are going to be more likely to simply walk away from the computer and check price action every few hours. BYDFi offers over 400 cryptocurrencies, making it a go to platform for those looking to trade new and cheap coins that just hit the market. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Jay has been providing commentary on the cryptocurrency market and offering readers guidance for over three years.

Your Entire Trading Portfolio On The Go

Coin Bureau readers who sign up to PrimeXBT using our referral link will receive a FREE 35% BONUS as well, definitely worth taking advantage of. As the pair moved from 1. Along with the main account, Bybit also supports subaccounts, which allow crypto traders to manage smaller separate accounts. Users can also customize the indicators in terms of the time frame and other important inputs. Deposits can be made to your PrimeXBT Wallet, or directly to any of your CFD Trading or Crypto Futures trading accounts. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. Returns or profits may be subject to capital gains tax. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. The team conducts periodical stress tests and security audits to ensure compliance with the strictest security standards in the industry. PancakeSwap is the most popular decentralized exchange for BNB Chain, letting investors easily trade BNB and other BEP 20 tokens easily. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The support manager recommended me to go the Analysis page and use the TradingView database. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. Unlike its larger competitors, PrimeXBT does not offer P2P trading. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. Do not fall victim to the Bystander Effect and think someone else will report it. This file is necessary for installing the app on Android devices, especially for those who cannot access the Google Play Store. After the user’s identity is verified, an account is usually opened for free. It mainly accepts cryptocurrency deposits but has a four tier referral program and the Covesting module. Simply search for “PrimeXBT” and install the app.

Minimum and Maximum Deposit Limits

For USDT, USDC and COV the withdrawal fees vary depending on the network used. This can be done quite easily through the account management options in the “security settings”. As adoption continues to grow, many analysts have offered bullish long term price forecasts for the LINK token. However, standard trading fees and transaction costs apply when you execute trades on the platform. Stop loss orders can be placed on long or short orders, and some platforms, like PrimeXBT, allow traders to place stop loss orders both at the time the initial order is placed or by editing orders after the fact. The potential return for a correct guess is preset by the turbo feature. Scan the QR code with your device’s PrimeXBT trading contests camera and get APK file. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. PrimeXBT provides a copy trading option, powered by Covesting, that allows users to follow and replicate the trading positions of experienced traders, potentially increasing their chances of success. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. A trading strategy is simply a method in which to approach markets. Things started to pick up in early 2020, but the Black Thursday market collapse took XLM to its current record low at $0. 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. Whenever I’ve had questions, they’ve provided clear and helpful guidance every time. Date of experience: June 30, 2024. ” In this guide, we will talk about how to deal with a short squeeze. The revenue share is calculated based on the trading activity of the users you refer, providing a continuous stream of income as long as they remain active on the platform. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Futures trading was initially illegal as it was said to drive up the price of rice, however, with the price of rice dropping drastically lower the ruler chose to authorize the trading of such bills to reverse the decline. The trading interface on Bybit is quite standard in comparison to what you will find on many of the top tier exchanges as it has proven to provide a great trading experience with loads of functionality. Find out how we combat fake reviews. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore diverse trading strategies.

24/7 support

Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. I evaluated the PrimeXBT trading environment during my in depth PrimeXBT broker review. If you get stuck, we also have an Assisted File Import process. It takes just a few minutes to get started. Polkadot provides a core network known as the “Relay Chain” and parallel blockchains called “parachains. PrimeXBT has a growing user base that spans various regions around the world. Best Crypto Referral Programs. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. What should traders know about PrimeXBT’s leverage. Based on the Cardano ADA price prediction from above, Cardano prices could reach a maximum expected ADA price of $16 30. The broker does not provide any share CFDs or lower risk securities e.

How often are swap fees charged?

Additionally, PrimeXBT’s partnership program offers an excellent opportunity for individuals to earn lucrative rewards by promoting the platform to others. Twitter: aylerTBMLinkedin. So, if you are looking to diversify tradeable assets, PrimeXBT will likely be your choice. However, PrimeXBT’s clients must also have active accounts with the other broker to gain access to it. In order to do this, you will need to provide them with an email and password. It’s thrilling to see BTC surpass such a significant milestone, and we’re glad that the PrimeXBT app is serving you well during these dynamic market conditions. Here is a more accurately reflective list of what’s popular across the crypto market. 01%, while on PrimeXBT, they were consistently over 0. Active users across the world. Additionally, the extended exposure to market dynamics during the staking period introduces price volatility risks that can impact the overall portfolio value. Over the last few years,. While unlikely, it is not impossible. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Next, we will provide tips for optimizing your trading strategy on PrimeXBT using limit and market orders. Best customer service ever. The exchange uses best security features, protocols and processes to ensure the safety of customer funds such as cold storage wallets, whitelisting, and two factor authentication. United States of Minor Outlying Islands. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Anyone can write a Trustpilot review. 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. This will help you plan profitable trades in advance and earn maximum profit. No, US citizens cannot use PrimeXBT as the platform restricts its services to users or residents of the United States of America. The remaining issuers of Ether are also contributing to the positive inflow of purchases. Yes, PrimeXBT charges withdrawal fees, which vary depending on the withdrawal method and currency. PrimeXBT has a free economic calendar and publishes regular market breakdowns and weekly outlooks. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors.

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$2,000 by bank card. It sometimes will hit your stop loss along the way and therefore take you out of the market. It also provides a breakdown of individual crypto and US dollar balances. PrimeXBT operates three entities. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. If you are a new investor in the crypto space, it is advisable that you keep off new tokens in the market because most of these end up being rug pulls, where the developers abandon projects and take off with investor funds. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. That’s why it’s paramount for you to stick to well established apps, obtainable from official app stores, and verify the app’s legitimacy through reviews and community discussions. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. We understand that trading is more than just a game—it’s a serious business where every little detail counts, including keeping fees low to maximize profit potential. Typically, higher levels of account verification allow for higher withdrawal limits. While Ripple executives claim XRP is decentralized, founders hold a sizable portion of the supply, and the crypto community claims the distribution is too unfair to be considered decentralized. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. As the markets are open 24 hours, there are times when you won’t be able to watch your trade, so the stop loss will mitigate risk. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. This update includes:— Added support for Russian language— Profile synchronization on select languages for communications— Home Screen updates and optimisations — New and Modify Order form updates and optimisations — Addition of full screen price chart feature. 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’s mobile app, available on iOS and Android, provides fast and convenient access to the market anytime, anywhere.

General

The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. The ability to go long and short with up to 200:1 leverage gives traders maximum flexibility to adapt to shifting market conditions. This strategy capitalizes on anticipated market decline. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. By having negative account protection, you know that you will never owe more than your initial deposit. Conversely, if there is no buyer on the market willing to buy from you, you can’t sell. Got a question that’s nagging at you. Seek independent advice if you have questions or do not fully understand the risks. PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. They caution against expecting a substantial influx of new capital into the Crypto market, arguing instead that existing capital may simply shift from other Bitcoin investments into the newly approved spot Bitcoin ETFs. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade.

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Crypto: Supports Crypto Fiat and Crypto Crypto trading. Head to the “withdraw” page and provide your Bitcoin wallet address. Depending on your jurisdiction, some products or services might not be available. You think that the Ethereum price will go up, so you buy 200 of ETH’s at $314. It takes just a few minutes to get started. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts. $20,000 or equivalent for unverified users. While there are numerous possibilities, the following are some of the more common ways to trade a market that is in a downtrend.

Supported cryptocurrencies

As mentioned above, numerous factors are fueling Bitcoin’s adoption, primarily institutional interest and the relatively new exchange traded funds. Join PrimeXBT for flexible trading options tailored to every trader’s needs. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. Walletinvestor’s ETH future prices pattern looks to be in a rally, and Walletinvestor’s seems to project this rally to continue into 2024 breaking through the $2000 level twice in the year, with a slight cooling of the price moving into 2025. We can get clues about future movements by looking at a price chart. If the app is unavailable in your region, you can still access it through direct download from our site. You can then buy, sell, and trade cryptos without giving any personal details or documents. Here are the main points of a powerful copy trading strategy. For example, PrimeXBT is an multiple award winning trading platform that lets users buy Bitcoin easily right from the dashboard using a third party payment widget. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. KYC is optional on PrimeXBT. Think of a platform carved from granite, where simplicity reigns and stability is king. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Leverage creates additional risk and loss exposure. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Here is what Bybit offers. As a PrimeXBT affiliate, you’ll get access to many promotional materials like creatives, landing pages, domains, trademarks, banners, or available content. This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. Here’s an exhaustive list of the various types of crypto wallets, their individual advantages and disadvantages, as well as explaining the different ways each wallet system works.

View All Currencies

Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. 32 to send USDT over the BEP20 network. We have tested the work of support at different times of the day and in different languages English, Russian, Ukrainian and can conclude that managers do not make the user wait long. Once you’ve completed the missions of any one of the Trader’s tasks, you can claim the bonus. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level. When you get stopped out of a leveraged trade, there is no need to immediately put another trade in the opposite direction. 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. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Virtual Assets are high risk products, highly volatile, with fluctuating values. 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. With PrimeXBT, buying USD Tether and other Crypto is just the beginning. Your suggestion is invaluable, and we’ll certainly consider it as we plan future updates. Here is a closer look at some of the notable assets provided by Prime XBT. Be advised, leverage trading is very risky and only experienced traders should try it. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. Discover effective trading strategies to enhance your trading skills and profitability. Users can access spot trading, futures contracts, and margin trading, all while maintaining their privacy. It is difficult to tell right now. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. These measures ensure the safety of traders’ data and transactions. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. PrimeXBT publishes daily market research with trading ideas for beginners, split into three categories: technical analysis, fundamental research, and price prediction research. 12 milliseconds, reflecting a commitment to executing trades promptly. We’re also glad that you’re pleased with the specific features of our Crypto Futures module and the competitive trading conditions we offer.

Contents

Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. The price spread is the difference between the buy ask and sell bid price of an asset, representing the transaction cost. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. You might want to stick around because we’re just getting into the good stuff. Past performance is no guarantee of future results and FOREXLIVE™ specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Analytical articles can be found in the “Blog” section of the company’s website. Following these steps ensures that your account is secure and ready for transactions. We’re thrilled to hear you find our platform user friendly and and like the speed of our services. Go to Settings > Security and enable Install from Unknown Sources if prompted. The first is that the price “jumped over” the trigger price, and the other is that there were orders ahead of you in the queue. No, PrimeXBT does not currently offer any services to residents of the United States. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. PrimeXBT does not require KYC Know Your Customer verification for its users. PrimeXBT ensures that all Covesting fees, including management and performance fees, are clearly disclosed to followers. $2,000 by bank card. The platform also allows you to quickly switch from not only Forex pair to Forex pair, but other CFD markets as well, as PrimeXBT offers so many other markets such as crypto, energy, and indices. Follow expert traders effortlessly and replicate their success. Choosing between PrimeXBT and Binance from a security and regulation perspective depends on your priorities regarding privacy and regulatory compliance. Our 24/7 support team here to helpLive chat. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. Kraken Pro is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 73 cryptocurrencies. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. What Makes EUR/USD the Most Traded Currency Pair. We can get clues about future movements by looking at a price chart.