PrimeXBT Review 2025: Complete Exchange Overview

However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. PrimeXBT Withdrawals are equally straightforward, providing a seamless way to manage your assets. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. In other words, Dogecoin’s price cannot rise above its current levels until the demand for it is outweighed by the existing supply. Donetsk People’s Republic. 3 billion fine for failing to comply with AML regulations. Without leverage, the trader’s profit on $6,000 would have been $2,000. Experiment with different settings to find what works best for you. In just the last few months, exchanges that formerly required no KYC like OKX, Bitget, and KuCoin have all either implemented KYC procedures, or withdrawn services from the US due to the harsh regulatory environment for crypto exchanges. We’ll dive into the specifics and find out if US citizens and residents of other countries face any restrictions when using PrimeXBT. This center will also provide you with the necessary information to get your account back up and running in no time. 0002496 and availability to utilise it as a payment method, to tip content creators on various social media channels for their work. However, it should be kept in mind that swaps change over time. Covesting fees on PrimeXBT can be divided into several categories, including management fees, performance fees, and trading fees. Throughout my testing, the app performed smoothly without any bugs or glitches. With an all time profit of 111. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Be careful as overnight/days are calculated in UTC time so be sure not to initiate trades around midnight UTC. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. Using leverage responsibly and adhering to a solid risk management plan is critical for success. Depending on your jurisdiction, some products or services might not be available. Natural gas trading refers to speculating on the future price movements of natural gas.

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Learn more about Baksta’s Legal Terms. They also allow currency trading, where you can swap US dollars for euros if you think the euro will go up in value. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. If you withdraw your funds from the account, any active bonus may be canceled. Withdrawal options include. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. Make sure that you practice adequate risk management. The sell off in Q2 sharply contrasts the 67% rally and 57% jump seen in the previous two quarters. Luckily you have access to something traditional market traders don’t; a myriad of Discord groups, social media platforms, and of course, Crypto signals. Financial incentive for signal provider. Do not fall victim to the Bystander Effect and think someone else will report it.

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Besides Bitcoin a range of altcoins can be traded against the US Dollar, but they also have some Forex pairs, Stock indices and precious metals. Trade Crypto Futures Contracts get more incl. These services are governed by the legal terms and conditions of PXBT. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions, margin interest and other costs, and are not guarantees of future results. We noticed that the platform lacks TradingView support and instead relies on an in house charting system. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. If you are ready to place a trade, you typically need to change a dialog box from “market order” to “pending order. For example, if you deposited with Volet, you must also withdraw using Volet. Of course, I also check this info to understand whether it’s high time to exit the deal or not. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. The platform offers pricing that suits both new and seasoned traders, making costs easy to understand.

PrimeXBT Customer Support

While crypto is still an area that should continue to expand over the long term, the reality is that in 2021 a lot of institutional money came into the market, but risked off in 2022. Detailed information regarding the minimum/maximum order size and exposure limits for all available instruments can be found on the ‘Fees’ page. You can also give and receive feedback, ratings, and reviews and share your opinions, insights, and experiences. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. It allows users to trade multiple assets such as cryptocurrencies, forex, commodities, and stock indices, all from a single account. The Forex market can move based upon a multitude of unforeseen factors, so testing a methodology is going to be crucial. Always trade with caution and be aware of the risks associated with using high leverage in trading. Advanced trading concepts can be confusing for beginners. In addition, should traders transfer fees in a currency that is different from their account base currency they may be subjected to currency conversion fees. Visit the Prime XBT Website: Go to PrimeXBT. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Cryptocurrency related services in Prime XBT are offered by Lithuanian based company Baksta UAB, registered by the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. My experience with PrimeXBT’s customer support was mixed. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. This can lead to capital flight, falling coin prices, and ultimately, the destabilization of the crypto market. Its Gemini Earn feature is another unique aspect that sets it apart from PrimeXBT, as it allows users to earn interest on their idle cryptocurrency balances. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken.

Invest with confidencewith PrimeXBTInvest with confidencewith PrimeXBT

Offer a truly different trading platform with your unique interface and stand out from the competition. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. 005 when it launched – and prices remained largely flat until 2017, when the entire Crypto industry went through an unprecedented boom. For this sample position, we will use a regular market order to buy BTC at the current rates. Both potential and current users will benefit from this detailed examination of PrimeXBT’s performance as reported by its users. Best Platform for Online Trading. X200 leverage futures contracts can be very intense, and poor market movements can easily harm a person’s finances. Verification can help ensure real people write reviews about real companies. A strong hand and even stronger mind is necessary to hold through underwater positions, and or not get overly discouraged when experiencing losses, leading to revenge trading. Evolving regulations or regulatory uncertainty in various jurisdictions could affect the adoption and use of Chainlink. Hoskinson studied math and cryptography at the University of Colorado and applied his knowledge to the projects he has worked on. 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. Learn more about Baksta’s Legal Terms. Click on ‘Rewards’ from the ‘More’ section on the main menu to start earning. Let’s embark on a journey to crypto success. Both platforms follow industry best practices, and that is that they both keep the majority of their crypto in cold storage, out of the reach of hackers. When the final inning of December 2019 arrived, Dogecoin was standing at $0. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Conversely, if there is no buyer on the market willing to buy from you, you can’t sell. PrimeXBT is happy to donate to the Save Elephant Foundation in Thailand, an organisation which rescues and rehabilitates exploited and. CryptoNewsZ expect Polygon to reach $7. Additionally, the exchange provides a user friendly interface and robust security features, including cold wallet storage and two factor authentication. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. I could adapt to it pretty easily and I am like a pro trader now but I think PrimeXBT need to add more features for analysis. Credit card option also aviable with no fees , many people can enjoy deposits here. As a result, I found that PrimeXBT’s educational content lacks coherence, structure, and objectivity.

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However, if you are a regular user of limit orders, then check out our Bybit review. 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. The leading cryptocurrency comparison service. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Bybit has done a pretty good job here, offering early access to NFTs from popular creators. Go to Settings > Security and enable Install from Unknown Sources if prompted. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Price prediction table. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit.

Who regulates PrimeXBT?

001 BTC with alternative deposit options including fiat and 130+ altcoins. Labeled Verified, they’re about genuine experiences. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. These are the account administration section, the information section and the actual trading platform itself. 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. In conclusion, short selling can be quite a profitable venture if done correctly. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. Depending on your jurisdiction, some products or services might not be available. Buying crypto through OKX results in some pretty hefty fees, half of it probably going to the third party payment providers charging for the service.

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Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter. PrimeXBT is one of the rare brokers with two margin call thresholds 16. Take PrimeXBT for example, the exchange itself relies on an offline cold storage wallet for storing coins, making storing any assets on PrimeXBT almost as good as an offline cold storage device. Polkadot is a next generation network that aims to solve the problem of blockchain interoperability. Virgin Islands, Northern Mariana Islands. 1M+ community members. We’re hiring a new Content Writer in European Union. Robinson was responsible for transaction execution, business development, strategy, finance and operations across the group. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. By investing in continuous learning and self improvement, traders can enhance their trading skills and achieve long term success on PrimeXBT. The EUR/USD pair is a popular currency pair to trade in the. PrimeXBT presents an interface that’s both customizable and user friendly. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. 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. Overall, I rank PrimeXBT in the middle of the pack. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Date of experience: December 19, 2024. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash.

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Other products and services: 2. 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. Although it is still very speculative and questionable whether Cardano will ever achieve a price of $100, its core technology and collaborations support its expansion potential. 5% spread has now become $110 loss to match the 5. We have implemented the iSystems services and the automated execution of trading. EDIT: I just checked the trading report, and it says this. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. WorthEPenny now has 29 active PrimeXBT offers for Aug 2024. One of its entities is also licensed and regulated as a crypto wallet. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. I opened an FX and CFD account with the PrimeXBT Trading Services Ltd entity and performed my tests on the web and mobile versions of the broker’s proprietary platform.

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Existing PrimeXBT traders will now find a new link to “Turbo” at the top left of their screen in the dashboard area of their account, while those new to trading at PrimeXBT can set up an account quickly and easily here. Alternatively, you can overview the ‘Margin impact’ field to automatically calculate the amount of margin you need to open a new position. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. These products are not suitable for all investors. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. The fee is applied in addition to the spread. As you probably already know, the Cryptocurrency market moves frequently and rapidly. PrimeXBT is a trading platform providing tools for users to purchase, trade, and manage their investments. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Depending on the type of a promo campaign, specific rules and conditions may apply to the promo, as listed below. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. To take advantage of the program, you need to. Basically, customers who choose to use this platform are on their own and do so at their own risk. Because of the terminology unique to Bitcoin options trading, it can seem confusing at first. Select Accept to consent or Reject to decline non essential cookies for this use. The core appeal of margin trading lies in its ability to significantly increase your potential gains. Most of the time, you’ll get stopped out again. This ensures compliance with regulatory requirements and helps maintain a secure trading environment. You can also click on the blue ‘Advanced Options’ button to set up additional criteria for the transaction. Your insights about the importance of discipline and patience in trading are spot on.

Worse

Follow expert traders effortlessly and replicate their success. With high leverage options, it can be an ideal choice for those interested in social trading in crypto assets, commodities, and forex source. I’m trading only crypto futures because I prefering a high volatility on financial markets and the crypto PrimeXBT trading contests market is ideal for my trading strategy. We’re delighted to hear that you had a positive experience with our support team and that your issue was resolved quickly. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Com, is a beginner friendly exchange where you can buy and sell crypto with fiat USD or your local currency. Paybis: Bitcoin Wallet, Crypto. Chainlink will reach $57. Scaling makes sure that decentralized oracle networks integrate latencies and throughputs essential for high performance blockchains, layer 2 solutions, and Web2 systems. So it is up to you to report rule violations when they happen. Fiat exchange services are subject to and governed by Baksta UAB’s Terms and Conditions and Policies. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. BC Game — Play Online Casino in Pakistan For gamers who would want to try out games before risking real money, BC Game provides a demo play. This of course depends on a variety of factors, such as circulating supply, trading volume, if Crypto is in a bear market or bull market, etc.