PrimeXBT Review 2025

Virtual Assets are high risk products, highly volatile, with fluctuating values. Using the provided tools and prompts, upload a photo, scan, or screenshot of your government issued photo ID, Driver’s License, or Passport to complete the identity verification process. Thanks again for choosing PrimeXBT. Crypto gains are taxed at the individual’s marginal tax rate. Kelebihan utama menggunakan aplikasi PrimeXBT. This is active and manned 24/7. PrimeXBT only allows once per day withdrawals of crypto assets ranging from BTC to ETH and stablecoins, so that the strictest cold storage security protocols can be adhered to. Gigawallet was the first announced project.

Ring in 2024 with a special holiday deposit bonus from PrimeXBT

Although Bitget isn’t as popular as exchanges like Bybit or Binance, it remains a well rounded trading platform with a good selection of pairs, competitive fees, and a wide selection of earning products. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. When the market hits your stop loss and you get stopped out, the maximum loss should not exceed 2% of your trading account size. 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. If you follow all the rules, you can be sure that all transactions with cryptocurrency on this platform will be reliable and safe. However, there are some regions where PrimeXBT does not accept users, including. I am not surprised that so many people preferr primexbt. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. It is equally important to understand the changing regulations in various jurisdictions or regions and crypto tax that impact profitability. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. ETH is used to pay gas fees for Ethereum and other Layer 2 solutions. How much you’re going to add to your trades is up to you and your trading plan. Starting Price: Available on Request. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. These factors make PrimeXBT an attractive option from a cost benefit perspective. Thats the $money I USED to for my ETH hedge this week. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. These systems are designed to identify patterns and behaviors that may indicate fraudulent activities. This includes all the central support services provided from Norbrook to each of its portfolio companies – Finance, Accounting, HR, Logistics and Administration. As you might have found in our Binance review, the online operator certainly goes the extra mile to ensure that customers are spoiled for choice.

CFD trading fees and conditions

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 PrimeXBT iPhone and services. Tips for Successful Margin Trading on PrimeXBT. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Trade Crypto, Indices, FX and Commodities with leverage from a single Bitcoin based account. PrimeXBT PTY LTD acts as an intermediary between the investor and the market maker, which is the counterparty to the products purchased through PrimeXBT. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Here’s a simplified example of how leverage translates to Crypto trading. Trend reports are an illustrative report depicting transaction trends via easy to digest data and helpful charts. Crypto Deposits: PrimeXBT offers free crypto deposits.

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Select the destination where to send your Deposit to. 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. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Registered in Seychelles, PrimeXBT has offices in St. PrimeXBT’s Copy Trading product is powered by Covesting, whom they previously worked together in providing the Earn product that looks to have been discontinued. Active users across the world. However, the platform has seriously kicked it into high gear, attaining regulatory approval and a Triple A security rating. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. You can reset your account password using the Password recovery feature. PrimeXBT Trading Services, S. Risk Warning: Before using this website or its services, you should review all relevant legal documentation.

Security

To the left of this is the option to switch from a candlestick chart to a line graph or bar graph. By focusing on high probability setups and avoiding overtrading, traders can reduce the cumulative trading fees. Prices will also consolidate when trading volumes are low. Scan the QR code with your device’s camera and get APK file. Shorting on PrimeXBT involves placing a sell order on an asset with the expectation that its price will decrease. The platform is user friendly and offers a highly customizable interface with advanced charting tools and technical indicators. Org meets these criteria. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. Our goal is to provide a comprehensive trading environment that caters to the needs of traders at all levels. Lire la suite 15 Lessons About Predictions bc. Our team of experts work to continually re evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. I don’t know of too many platforms that offer a robust plethora of tradeable instruments like PrimeXBT. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. We will delve into these aspects in the subsequent sections. Everything is good here. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Our website uses cookies. No, transferring cryptocurrency to PrimeXBT is not taxed as long as you transfer between your personal wallets or exchange accounts. There’s no KYC, and at no point will Uniswap ask for your personal details. Northern Mariana Islands. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. You can then buy, sell, and trade cryptos without giving any personal details or documents. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. I opened this long position with a tight stop loss. This section will provide an overview of these fees to help you understand the overall cost of trading on PrimeXBT. By troubleshooting these common issues, you can ensure a successful reset and maintain PrimeXBT’s functionality. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. These fees can impact the overall cost of trading and are an important factor to consider when planning your transactions.

Capital gains and losses

In order for traders to quickly decide whether to open a long or short trade, the site has an interactive chart for each cryptocurrency futures. See the results of your calculation below. Being able to access tokens early while they are at pre public sale prices can often lead to lucrative gains, but these projects also come with higher risk as they are brand new and highly speculative. Moreover, the app includes a customizable layout feature, allowing users to tailor the interface to their preferences. However, the lack of regulation should be considered as a potential risk. To begin trading, you must deposit any amount that would provide the needed margin for your transactions. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. I can’t say enough about PrimeXBT’s support team. Information written by the company. You can set up a demo account for yourself prior to or alongside your live FX and CFDs account. The live chat feature within the app allows users to get instant assistance from the support team. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Supported cryptocurrencies include. There are three different account tiers on MEXC: unverified, primary KYC, and verified plus.

Step 3: Withdrawal and Review

PrimeXBT offices are registered in Seychelles and Saint Vincent and Grenadines and this broker does not hold any regulatory licenses. PrimeXBT offers competitive trading fees, charging a low 0. By using PrimeXBT’s API, you can enhance your trading experience, create custom trading algorithms, or even develop your own trading applications. Bonuses for traded volume in margin cryptocurrency trading. If you seek solution for trading crypto futures, then Primexbt cryptotrading is smth you need. They are registered in Seychelles and have offices in St. High volume traders may find Bybit’s tiered system more rewarding, especially if they consistently copy profitable traders. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Financial incentive for signal provider. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. You can only withdraw fiat using the same payment method you used for deposits. Lotta guides told me that it’s better to kick off with EUR/USD currency pair since it’s the most liquid one. When you enter into a contract with the broker, you will have a number of days after which you need to repay the borrowed amount. There are several strategies that traders can employ to minimize these costs. PrimeXBT is a leader in the crypto trading world for its low fees and clear pricing. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. More flexibility, security, and scalability are made possible by this division of responsibilities. In this comprehensive guide, we will explore the different types of bonuses available on PrimeXBT, how to claim them, and how to make the most of these offers. The majority of Covesting’s roadmap focused around relentlessly testing its trading platform and its features especially copy trading and acquiring the necessary licensing to make it legal. While the exchange has fewer unique cryptocurrencies than Bybit, its greater number of pairs means there are always plenty of profitable opportunities on OKX. Those with no CET holdings will pay 0. A detailed table of all trading fees for Global Markets, Crypto Futures and Copy Trading products is regularly updated and provided on the PrimeXBT website. The platform’s mobile app replicates these features, providing a seamless trading experience on Android devices.

5 0

Five years from now, MATIC should continue to increase in value, with most people believing that the price of Polygon should be somewhere in the neighborhood of $3. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. A more pessimistic price outlook for the cryptocurrency posits that the coin could trade between $0. Next, we will discuss the specific countries where PrimeXBT is restricted. The EUR/USD pair is a popular currency pair to trade in the. It serves clients in over 150 countries and has over 100 trading assets available. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Unlimited via Perfect Money. The PrimeXBT app on Android supports all major trading functionalities, including the ability to trade cryptocurrencies, forex, commodities, and indices. Download the Extension. Creating an account with PrimeXBT is a quick and straightforward process. 24 hour trading volume is $5262246 USD. Before investing in a token, research the exchanges that support it and the trading pairs available. PrimeXBT’s adjustable leverage, focus on risk control, and versatile platform design demonstrates an evolving, user centric approach to margin trading. The latest news, articles, and resources, sent to your inbox weekly. It will also give you the tools to sharpen the skills of a professional. 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. Best Platform for Online Trading. You will receive the ownership rights to the digital currency you buy through an exchange. 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. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. 💸 Enjoy copy trading, powerful analytics, real time news, forecasts, and trading signals. The easiest way to picture margin trading is by using division. «If there is lackluster adoption and demand for bitcoin, or fee revenue is inadequate to incentivize miners to upgrade their hardware and mine new bitcoins, security could decrease and threaten the network,» he says. If you ever have questions, please feel free to reach out to us at. Bybit has been expanding its user base, not only being adopted by retail traders but professional traders and firms as well, encouraged by Bybit’s sterling reputation and efforts in the crypto space. Under the “My COV” tab, you can use Covesting tokens to access different membership plans on the platform. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income.

Worse

PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Another well known name in the Crypto signals groups is Fat Pig Signals. From this we can conclude that the exchange is still more suitable for users with at least a little experience in the crypto market. Bank card deposits allow users to fund their accounts using debit or credit cards, with funds being credited instantly. PrimeXBT offers customer support through email, web form, and live chat, available 24/7 to assist traders worldwide. Celebrate Ramadan with an exclusive 14% Deposit Bonus, up to $7,000. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. Next, we will discuss the overnight financing fees on PrimeXBT. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin.

Open free account

This makes it extremely popular on the Crypto Market, with some even wondering if it has the capability to surpass Ethereum’s popularity when making a Cardano price prediction. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. KYC is optional on PrimeXBT. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. We’re thrilled to hear that you’re making the most of the altcoin selection available on our platform, especially during altseason. Understanding the standard trading fees within the Covesting module is crucial for both strategy managers and followers. Here are the current withdrawal fees at PrimeXBT. As an example, if you had that same $1000 to invest, and borrowed another $1000 to buy $2000 in an asset, and the price falls 10%, its value will fall by $200. Dear Nashit,Thank you for your feedback. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The platform provides competitive trading fees and a range of trading pairs, including major cryptocurrencies like Bitcoin BTC and Ethereum ETH, alongside less common assets. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income. Much of the content focuses on topics like “Which is a better investment: Bitcoin or Gold. The cryptocurrency fee is 0. Remember, patience is key when hunting for the best deals. Once downloaded, users can quickly set up their accounts and begin trading. Two provide forex and CFD services, and the third is licensed and regulated as a crypto wallet. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. The UI/UX for both platforms is great, and both platforms have highly rated apps, with the PrimeXBT app even winning an award for best crypto trading app. Once your Stop Loss is triggered, it becomes a Market order and is filled as such, taking into account the Spread for a given order size. Customers can fund their accounts by depositing via bank card or bank transfer. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 0001% on forex, indices and commodities. It’s great to hear that you recognize the broad range of trading options we offer, including both crypto futures and traditional CFDs with competitive spreads. The CFD market, also known as the “contract for difference” market, is a pure price play, as it is an agreement between two people to pay the difference when the trade is closed out. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. However, the broker does not provide Islamic accounts for swap free trading. Overall, PrimeXBT is a robust multi asset trading platform that caters to both novice and experienced traders.

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Also you have to join a waitlist for the service, which won’t launch until late summer of 2021 at the earliest. Strategy followers can replicate the profits generated by strategy providers, who can, in turn, earn up to 20% in subscriber commissions. This is where we’ve collected the most popular reviews about the PrimeXBT app. PrimeXBT offers comprehensive support services to help traders navigate regulatory challenges, including detailed guides on compliance requirements, customer support for resolving issues, and regular updates on regulatory changes. You can diversify your portfolio with various asset classes, including stock indices, commodities, forex, and metals. It involves several steps, including creating an account, submitting identification documents, and verifying the provided information. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. When buying, you will get the Ask price; when selling, you will get the Bid price. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Com and its affiliates will not be held responsible for any damages or losses incurred in your trades. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. 16781083 for Cardano. PrimeXBT Trading Services, S. The $900 mil TVL makes total sense to me now. 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. This is PrimeXBT’s biggest weakness. Although they have the same commission for your direct referral, BitMEX does not offer tiered referral payouts. However, the PrimeXBT support team explains this by security requirements: the exchange team checks every transaction for risk scoring, money laundering, and suspicious trading activity.