Bitcointalk PrimeXBT: Detailed Review and Insights

But, the platform focuses on major assets, ensuring trading is liquid and stable. This store is on product uploading stage — no orders shall be fulfilled. Leverage PrimeXBT withdrawal time amplifies your profits in short selling. Overall, there are opportunities for Dogecoin to continue to expand and evolve despite dangers and problems involved with its future growth. When trading CFDs on PrimeXBT, the leverage you select reflects the amount of margin personal funds, you need to open a position. PrimeXBT has a flat trading fee of 0. Also, it seeks to offer ultra fast order execution < 7. In addition the traders that provide signals are vetted. Go to Settings > Security and enable Install from Unknown Sources if prompted. This will help you plan profitable trades in advance and earn maximum profit. Read our full Kraken review. The broker developed its proprietary trading platform, PrimeXBT WebTrader, which also has a mobile version. As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. The fiat withdrawal process was straightforward but took a long time. An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. Therefore, Kraken is an excellent option for US residents looking for a secure trading platform or an alternative to Coinbase. Additionally, regulatory uncertainty surrounding cryptocurrencies, particularly in the United States, poses a risk to XRP’s future prospects. The main drawbacks are the lack of spot margin trading and the very limited number of available markets.

Getting Started and How to Make a Deposit

The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. The popularity of coins is constantly changing, as is the ranking of the top ten coins by market capitalization. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. YOU SHALL CHECK YOUR APPLICABLE LAW AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT ARISEN FROM YOUR RESIDENCE COUNTRY REGULATIONS. Identifying the right target audience will help you to tailor your content more properly. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. With a user friendly interface and powerful features like biometric authentication, managing your trades is as easy as using your favorite social media app. Presence of a third party trademark does not mean that WorthEPenny has any relationship with that third party or that the third party endorses WorthEPenny or its services. As the company continues to grow, its innovative strategies and future plans come into the spotlight. What is the performance of these tools in practical trading scenarios. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. 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. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. See the results of your calculation below. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. 55 by December 2025, with further potential to increase​. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Profit from the markets by following the experts. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Arbitrage trading can be a complex strategy. One effective approach is to optimize the number and size of trades. Create a support ticket by email. PrimeXBT offers standard order types including market, limit, stop loss and OCO. The name “HODL” is derived from a misspelling of “hold” on a popular cryptocurrency forum. PrimeXBT is quite transparent with its fees.

Research and Education

Uniswap is a decentralized exchange DEX that functions as an automated market maker, enabling peer to peer cryptocurrency transactions on the Ethereum blockchain. It’s highly recommended to be an experienced trader outside the United States if you want to use PrimeXBT. The commodities markets are also very popular. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. You’ll receive a warning if there is anything in the order that could prevent you from setting a Stop Loss. Discover the best in crypto gaming and trading with exclusive offers from VGO Promo. PrimeXBT has integrated a 24/7 live chat service into their trading platform to the lower right of the screen, with several agents always active. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. The platform is available in 16 languages and supported on most popular browsers. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. You can conveniently sort them according to their total profit. When customers navigate to the copy trading area of the platform they will be presented with a long list of traders, their trading performance for the past 24 hours, and their longer term performance. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. This fee, if applicable, is designed to cover the service charges imposed by the payment processors and may vary depending on the withdrawal method and currency. The stock market has been the same for the last fifty years and since online trading first started taking over.

Email Newsletters

Social media advertisements. If a withdrawal is requested before 12:00 UTC, it will be processed on the same day. PrimeXBT is an acceptable choice for day traders. Our website uses cookies. 6823 as crypto prices rose, then pulled back to $0. These services are governed by the legal terms and conditions of PXBT. Despite not being available to residents of the US, EU, or UK, PrimeXBT is a popular choice for over 1 million users worldwide. These products are not suitable for all investors. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform. ” The same applies to withdrawal fees, where PrimeXBT notes that fees are currency dependent and fixed. Our human support team is here to help 24/7, in your language.

Educational Resources

For instance, funding fees for BTC on Binance and Bybit were both 0. Cardano’s Monumental Shift: Chang Hardfork and Plutus V3 Upgrade. 12 milliseconds, reflecting a commitment to executing trades promptly. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Trading fees can be a flat percentage of the crypto amount or vary for makers and takers, with makers typically paying less. New users can also get up to $50k in sign up bonuses when they sign up using our Coin Bureau link. I reviewed PrimeXBT’s legal documents and found that everything was in order. Enter the PIN code we emailed you to confirm your withdrawal.

Sell

These Know Your Customer steps help crypto exchanges determine each client’s virtual currency money laundering risk and prevent financial crime. Both platforms offer robust support, but their approaches to education and customer assistance may influence your choice. In the event of system overloads, PrimeXBT’s trading engine efficiently manages order queues to mitigate the impact of high volatility. Dear Farhan,Thank you for sharing your excitement about trading with PrimeXBT. 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. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. On the flip side, the isolated margin allows you to allocate a specific amount of margin to each open position. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT offers a few more assets that are very interesting for traders who want to increase their Bitcoin. In this scenario, you’d experience a loss of $500 excluding fees. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. As shown below, following this decision to cut rates, we have begun to see a noticeable upward movement in the total cryptocurrency market.

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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. Seek independent advice if you have questions or do not fully understand the risks. These can be accessed from inside your account by clicking on the “Tutorials” section in the top right of your account. Conversely, experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. Gox and was a co founder of another altcoin, Ripple. Check the analysis report on Top rated Crypto Wallets that are safest for your funds. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Besides, it protects your password and privacy by hashing them using bcrypt with a cost factor of 12 and encrypting all other sensitive data. 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. These include the likes of the USA, Canada, Japan, Algeria, Ecuador, and sanctioned countries.

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That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. Web3 applications and decentralized applications have not only proven their popularity but also their utility in the Cryptocurrency space. However, as this is a small market and the rest of the crypto market is struggling, it makes sense that it will eventually fail. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Yes, PrimeXBT offers a demo account where you can practice trading with virtual money. Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands, MH96960, Majuro, Marshall Islands. Deposits are a minimum of 0. Depositing funds on PrimeXBT is really simple, though the only accepted currency is Bitcoin. If you forget your password, use the “Forgot Password” link on the login page to reset it. Select which of these Cryptocurrency wallets you would like to access, and make a deposit. While the term “scam broker” can raise red flags, it’s essential to consider the specifics of PrimeXBT’s operation. Margin trading crypto works just like in other financial markets – a trader borrows money from his or her broker in order to fund a crypto trading position. However, depositing fiat currency requires KYC verification. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. The company maintains a relatively low profile regarding its founders and key personnel, which is not uncommon for some trading platforms.

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Throughout my testing, the app performed smoothly without any bugs or glitches. Like any investment, a thorough understanding of the platform, its offerings, and the customer and support team is vital before getting started. The exchange does not currently offer fiat off ramps for withdrawals. Bybit and Coinbase attract different users and specialize in different areas. The platform also provides competitive fees, robust security measures, and user friendly interface. Fees are generally low and there is freedom for customers to trade with plenty of leverage. If you’re a high frequency trader or want to trade and explore futures of different crypto assets, BTC options, or leveraged tokens, then Binance Futures would offer you a great trading experience and value. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. PrimeXBT has an advanced trading system and displays efficient tools for analyses, this is really helpful for trading.