PrimeXBT Team

Lets see how it goes. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Go to the menu bar, select “Trade” and then highlight “Crypto Futures” from the dropdown menu. With PrimeXBT you have access to various trading assets; CFDs, Forex, Crypto, etc. Traders might prefer Bitcoin futures trading over exposure to cryptocurrencies directly. The projected minimum Cardano price is $2. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. Its low trading fees and wide range of markets make it an appealing option for advanced and higher frequency traders who can stomach the risks and reward tradeoffs of leveraged trading. Usually ID, passport, a bank statement and a utility bill. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. These are not official support channels, buy you may be able to get basic help through Discord, Reddit, or Telegram. However, since the Beacon launch. There is no complexity or hidden policies involved. It is designed to appeal to both high frequency traders and those making occasional trades. This step involves verifying the user’s identity to prevent unauthorized access and fraudulent activities. TradingView charts are also available, helping users analyze and make better decisions. The information on this website is for educational purposes only, and investing carries risks. Our commitment to privacy is paramount, reflected in the meticulous design of our operations and infrastructure prioritizing personal data protection. Thanks again for choosing PrimeXBT.

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Learn more about Baksta’s Legal Terms. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, PrimeXBT on Android policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. Stock market late Friday afternoon paints a different picture. PrimeXBT, a global multi asset platform offering a comprehensive suite of trading products and cryptocurrency services, has enabled support for BNB Chain deposits and withdrawals. Receive the latest news and stay informed. These products are not suitable for all investors. Activity on the Cryptocurrency markets is rising, and the Copy Trading ranks are shifting. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Cryptocurrency exchanges make money by charging a fee on every trade that is made on their platform « trade fee ». For the Pros 👨‍💻: You can enable “one click” ordering if time is of the essence with the trade. Alternately, if the price rises, you then lose on the trade. It is a higher reward, higher risk derivatives contract that professional trades want. This is because they are one of the few exchanges that do not complete KYC or AML checks on their traders. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Here are the main types of bonuses offered on PrimeXBT bonus.

Summary

The fees are available for Cryptos, Forex, Commodities, and Indices. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. You decide to close the trade once the pair reaches 1. Key factors that influence this performance include execution efficiency and order fulfillment, leverage and margin capabilities, and the unique feature of copy trading, part of the Covesting module. Accounts on PrimeXBT can be funded through three different means. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. 06% taker fees will apply for leverage trading. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Returns or profits may be subject to capital gains tax. Traders can select “add widget” and they will be given a list of different ones to choose from. PrimeXBT offers a range of educational resources, including articles, tutorials, and webinars, to help traders improve their skills and knowledge. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. To address this challenge, follow these steps for a resolution. The calculation for the necessary margin is done in real time, meaning that it will keep your account from going negative. Educational resources are abundant, and you can test the platform with a free demo account, supported by round the clock customer service. To access the PrimeXBT Bot, follow these steps. As mentioned above, trading is risky business, but it is also profitable. Polkadot aims to create a similar environment, one that developers can use to create a dedicated product on a network meant for everything. When you’re examining BitMEX and PrimeXBT for leverage and margin trading, there are different functionalities and limits that you should be aware of.

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Information regarding past performance is not a reliable indicator of future performance. To check the fees and funding rates on the other markets such as indices, commodities, and forex, please take a look at this page. Limit price must always be lower than highest bid price for buy orders and higher than lowest ask price for sell orders. Content is not intended for US, EU, UK, NZ or Israel residents. With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. In reality, it is only dangerous when used improperly. However, to engage in meaningful trading and cover the margins required for positions, a practical minimum amount should be considered, which might vary from $100 to $500 equivalent in cryptocurrency. $20,000 or equivalent for unverified users. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. Receive the latest news and stay informed. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. Some of my transaction methods are not accepted since I am from the Philippines. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website. PrimeXBT was launched in 2018. Your new trading volumes will be collected according to updated rules, but rest assured that any old promo codes you have will continue to work as before. The spread will be variable in most CFDs, meaning that for a bid price to be valid, there needs to be somebody there willing to buy the contract. Anyone can view, post, and comment to this community. OKX stands out as a top alternative to PrimeXBT, offering a broader range of crypto products and services, plus monthly Proof of Reserve releases for enhanced transparency.

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You might also like: PrimeXBT Account Types Overview. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. When a customer deposits $2500 or more, they get a bonus $500. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Having a micro perspective about the market will allow you to determine your actual trading strategy. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Something that most traders are no doubt aware of is the risks of «order slippage». If you want to know more details about PrimeXBT payouts, such as what payout methods they accept, please check out the specific information below or follow up with PrimeXBT Affiliates contact. Here you can find additional information on how to trade futures products. Deposit Buy crypto with 129+ supported services for bank transfers, card purchases, Apple Pay, Crypto, etc. None of the forex brokers and a few crypto exchanges can offer you that. I believe that blockchain technology can build a brighter future and am excited to be part of it. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience.

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The position size is 2 bitcoins. However, traders must remain aware of the associated risks and employ strategies to manage them effectively. When I first got into crypto, I was on a mission to find the perfect exchange for myself and spent countless hours exploring crypto exchange platforms that failed to meet my requirements. However, the question remains: how do these alternatives measure up to PrimeXBT. PrimeXBT is a unique crypto exchange with a wide range of financial assets. It also informs you that Liquidation may occur if your positions continue incurring loss. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. In contrast, Binance’s extensive range of cryptocurrencies and user friendly features cater to both beginners and experienced traders. 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. They are really smaller than many. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.

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Include a valid credit or debit card number, expiration date, and CVV code. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and potential challenges of using PrimeXBT. 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. Rewards: Account holders can earn rewards via the Rewards Center. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. Unfortunately, for this email we didn’t find any requests to our customer support, or even a mark that you are our customer. The PrimeXBT platform is fully equipped to handle various trading activities, from simple direct trades to complex strategies involving multiple assets, providing a comprehensive trading environment for all users. Prime XBT Promo Code 50% : TOPTRADING. Dogecoin experienced a price increase of over 100% so far in 2024. Would appreciate some feed back before making a decision. It also informs you that Liquidation may occur if your positions continue incurring loss. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Also, very important is to make sure that your stop loss will be hit before your liquidation price. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. PrimeXBT uses Cloudflare’s protection against Distributed Denial of Service DDoS attacks, and its hardware is hosted on Amazon Web Services for reliable performance. Some users also dislike KYC because of government oversight, regulatory burdens, or a desire to engage in decentralized finance DeFi without traditional verification processes. PrimeXBT also supports both fiat and crypto withdrawals. Learn about the benefits associated with both. Familiarize yourself with the dashboard, where you can access various trading tools and resources. Leverage trading can be a powerful tool for traders looking to amplify their potential profits, but not all platforms are created equal. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. As mentioned, PrimeXBT offers various leverage ratios for crypto pairs and forex pairs.

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El equipo editorial de PrimeXBT incluye a los principales especialistas en comercio y finanzas digitales, dedicados a proporcionar contenido educativo que guía a los usuarios a través de las complejidades del comercio e inversión en línea. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. Forex Trading Platforms. As the first Cryptocurrency, it operates on a decentralised network, without the need for intermediaries like banks. The Binance exchange is not at all accessible to US persons and US customers will have to use Binance US which is a much more limited version of its global parent site, with only 64 coins and 130 pairs. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. 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. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section.

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Please make sure that the form is filled correctly. For additional educational materials or any further assistance, don’t hesitate to reach out at. BTC/USD, ETH/USD, XRP/USD, LTC/USD, DSH/USD, EOS/USD, NEO/USD, BCH/USD, ZEC/USD, XMR/USD, OMG/USD. These products are not suitable for all investors. One of the key strengths of MT4 is its high degree of customizability. By analysing these four phases, a trader will also know whether the market is bullish, bearish, or consolidating. PrimeXBT is a perfect match for copy traders. I opened this long position with a tight stop loss. For further details, you can refer to PrimeXBT’s help center or user guide. Support and resistance levels are inconsistent, as they change based on the price movement. Once you have funds available in the trading account, you can click on “Trade” from the top navigation bar. PrimeXBT is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds and transactions. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The all new native PrimeXBT Android app is now available as a free download today via the Google Play Store for Android devices. 2024 00343, having its registered office address at PKF Corporate Services Ltd. For traders seeking to amplify their potential returns, PrimeXBT offers leveraged trading options. The SandP 500 Index is one of those benchmarks on which investors worldwide rely for the performance of 500 of the biggest companies in the United States. We’ve got you covered with access to 100+ global markets on one platform. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. The platform offers its diverse customer base cutting edge products and professional trading conditions. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This indicates a high level of accuracy in order fulfillment, a crucial element in volatile markets where every second counts.