FAQ

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. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. It uses safe storage and encryption to keep things secure. PrimeXBT and Bybit each offer unique interfaces designed to cater to their target audiences. These fees are typically a small percentage of the trade’s value. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. Scalability: as demand for oracle services grows, scalability becomes vital. Debit/credit card, bank transfer, Neteller, Skrill and Google Pay are all available. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. We appreciate the 10/10 rating and hope to continue supporting your trading journey. 0005 BTC withdrawal fee to also consider. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. Leveraged positions can be extraordinarily profitable, or can be extraordinarily damaging, if not managed properly. Yes and it’s already happening. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. While Bitcoin birthed the crypto industry and all assets created after it were designed in its honor, it is often Ethereum that is used to launch an army of next gen alternative coins, all with the sights set on in seating Bitcoin’s throne. 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. Keeping a larger sum than necessary deposited into a margin account so margin balance remains high, with plenty of room for positions to go wrong and not risk a margin call or liquidation. If you need any assistance, don’t hesitate to contact us at. Leverage our Post Affiliate Pro software for seamless management. The information provided here is not an invitation to buy or sell products, nor is it an invitation to make an investment or trading strategy. By providing additional personal information and documents as per PrimeXBT’s Know Your Customer KYC policies, you can request higher withdrawal limits. Make sure you understand the difference between Spot and CFD trading before getting started. Websites that provide price analytics will display the total traded volumes within the past 24 hours, allowing you to assess the popularity of the coin in the market. There he was awarded with the prestigious Arthur Ashe Student Athlete award. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. With its user friendly interface and comprehensive features, PrimeXBT has quickly become a preferred choice among seasoned traders and novices alike.

Is PrimeXBT user friendly for novice traders?

Returns or profits may be subject to capital gains tax. The Shiba Inu markets have generated extraordinary wealth for some, albeit amidst high volatility. Risk management techniques include setting stop loss and take profit levels, diversifying your portfolio, and using the platform’s risk management tools effectively. Here you can find additional information on how to trade futures products. While one may argue that this figure is much higher because BTC’s price is a lot higher this cycle than in the previous cycles, it nonetheless shows investors desperation to leave the scene. You can calculate how much interest you’ll pay or earn when keeping a position open overnight by PrimeXBT Telegram botu using the formulas below. It was founded in 2018 and registered in Seychelles, with a daily trading volume of over $375 million. 0003% assuming there are three 8 hour periods in a day, or approximately 0. To withdraw fiat from PrimeXBT, follow these steps. These derivatives contracts lock in an agreement to buy or sell a Cryptocurrency at a specific price on a predetermined future date. I ain’t got hiccups with the number of payment means but faced a sudden delay during depositing. Our detailed price comparisons and cryptocurrency guides have you covered. Once an account is funded, traders can access a wealth of cutting edge trading tools and risk management protections, including stop loss orders, built in charting analysis software, and much more. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. It is also worth pointing out that the PrimeXBT copy trading minimum deposit is simply as low as it would cost to cover the lowest margin trade in question, which is great for beginners. The Fee Reduction Bonus is a bonus that provides users with a discount on trading fees and overnight financing charges on the PrimeXBT platform. Inflation in an economy can have a significant influence on what happens with the currency, and therefore Forex traders tend to pay close attention to it. The file is verified secure by PrimeXBT.

Company Details

As mentioned before, this is not exactly an apples to apples comparison, mainly because these two platforms are aimed at traders with differing interests. Instead of making a profit, the main purpose of hedging is to mitigate and reduce your downside risks and potential losses when trading Bitcoin. KYC refers to Know Your Customer, a series of procedures for companies to know more about the people they are serving in efforts to reduce illicit activities, from money laundering to financing terrorism. Go to the “More” section, “Blog”. We’ve sent it successfully. IOS App: ● Android App. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Best regards,The PrimeXBT Team. 99 Coins International PTE. This confirmation typically includes details of the transaction, such as the amount, date, and transaction ID. This step is crucial for refining the strategy and ensuring it performs well under different market conditions. Io review for contrast. Ethereum is much like many other cryptocurrencies, which is extraordinarily volatile. Any position closed before 00:00 UTC will not be subject to overnight financing. Visit PrimeXBT Platform and get 35% on Your First Deposit. For example, the WTI Crude is traded on US futures exchanges at 1000 barrels per contract. It’s a cool trading platform.

You should know

Bitcoin was first worthless, and when it first began trading it was worth only a fraction of a penny. Do not reveal personally identifying informationPII, otherwise known as doxxing yourself. These help users understand the market and trading strategies better. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Digital Coin Price is bullish on Bitcoin Cash over the next several years. This is a wide ranging service, perfect for those who are interested in the derivatives market. LTD All Right Reserved. The project’s community, including developers, users, and token holders, will promote the token to new investors. This is important to point out as it means that traders who want the highest leverage will have to expose their whole collateral to their open positions, unable to isolate them. Date of experience: November 19, 2024. Get all the information you need, easily accessible via tabs and windows. Her holistic approach to pet care and commitment to sourcing valuable deals make her a key contributor to our team. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Its native token, OKB, as previously mentioned, is used to pay for gas fees interacting on the OKB chain, which is built on the Cosmos blockchain. The subsequent sections delve into each aspect in greater detail, providing you with a clear understanding of how to navigate PrimeXBT’s payment limits. Whether you want to trade Bitcoin on leverage, profit from falling prices on Ethereum, or trade on stock indices, commodities, or forex – PrimeXBT has got you covered. Ensure that the funds you want to use are in your main wallet, then follow the selected trader’s strategy to potentially earn passive income. 20 range for the next six months. For all questions, security issues, product related inquiries, and business proposals, please reach us. Appeared first on Coinpedia Fintech News Ben Armstrong aka Bitboy Crypto shared his thoughts on Ripple’s recent legal victory over the SEC, a case that had dragged on for years. Dear Deniz,We understand your concerns and take feedback like this very seriously. 35100 while being offered at 1. By following these tips, traders can develop a more effective and cost efficient trading strategy on PrimeXBT. PrimeXBT supports a variety of payment methods, each with its specific limits and processing times.

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At present, the exchange serves clients in over 150 countries, providing sufficient liquidity and a variety of trading instruments. Withdrawing cryptocurrencies from PrimeXBT is a straightforward process. However, on the plus side, we note that you can withdraw funds in both cryptocurrency and fiat currency and in some cases even in cash. Learn more about Baksta’s Legal Terms. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. On PrimeXBT, trading fees are categorized into two main types: maker fees and taker fees. Our clients love how fast and simple our sign up is. Temporary trading or deposit/withdrawal limits may be imposed until the required documents are provided and the CDD process is successfully completed. 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. Overall, you need the app for fast trading on the go to instantly access and manage your current trades. PrimeXBT is more of a traditional brokerage that also offers crypto trading, as opposed to Bybit, whose sole focus is crypto trading. 0000250, driven by wider market adoption and Shiba Inu’s increased use in DeFi platforms. 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. Bitcompare does not look at or list all companies or products on the market. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. This encourages users to complete the necessary verification steps to gain more flexibility in managing their funds. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. But how easy is it for a newcomer to navigate this platform. The app connects users directly to the markets, making trading smooth. The website provides up to date market news and analysis. You have to refer the platform to your friends and family and when they sign up at Primexbt, then you are awarded in cash for this. Deposits are free, but there are withdrawal fees for cryptocurrencies. The withdrawal process is quite simple.

BITCOIN AFFILIATE PROGRAM

Diversify your trading with access to CFDs on Forex, Indices, Commodities and Crypto, all from a single account. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Do not submit petty or hyperbolic meta posts to stir up drama in the community. A trading strategy is simply a method in which to approach markets. No, PrimeXBT does not charge any fees for deposits, allowing traders to fund their accounts without additional costs. You can transfer digital assets to an external wallet without any charges incurred by PrimeXBT, however, a standard mining fee will apply. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. Whether you’re a seasoned cryptocurrency investor or a newcomer to the world of digital assets, there comes a time when you’ll want to transfer your cryptocurrency from your PrimeXBT account to a secure, non custodial wallet like Zengo. The company maintains a relatively low profile regarding its founders and key personnel, which is not uncommon for some trading platforms. PrimeXBT has not been hacked and is generally considered a secure and trustworthy platform. Social media channels of PrimeXBT, such as Twitter and Facebook, are also good resources for catching announcements about special offers and events that might include promo codes. They employ a long trade strategy with leverage, essentially placing a magnified bet on Bitcoin’s price increase. The market order tells the broker that the trader wants to buy or sell an asset at the best price. In order to do this, you will need to provide them with an email and password. Now you’re trading futures on PrimeXBT.

Rating

IB Business , Commercial Fintech FX And CFDs. Choosing the right trading platform is crucial for achieving your trading goals. When we used PrimeXBT, we rated the competitive leverage rates, with cryptos BTC and ETH offering up to 1:200. Date of experience: November 09, 2024. Leverage trading allows you to gain more exposure to an asset than the funds you put down, letting you profit from “borrowed funds. The platform has a great payment process👏🏻. However, the absence of custom price alerts was a notable drawback. Com so we can investigate this matter thoroughly and provide clarity. PrimeXBT may impose trading or deposit and withdrawal limits on an account until the requested documents are provided and the CDD is completed. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. I can’t imagine that. Traders can get up to 200x leverage on cryptocurrencies and up to 1,000x on other assets. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. While some of the top cryptocurrency exchanges are, indeed, based in the United States i. The choice between the two may ultimately depend on the specific use cases, goals, and preferences of the user or investor. Our website uses cookies. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. This one of the reasons why PrimeXBT is so attractive to cryptocurrency traders. But how easy is it for a newcomer to navigate this platform. You’ll then receive a confirmation code in your email inbox. Receive the latest news and stay informed. I’ve done that, and it sucks.

Bybit Cyber Monday Offer

If you do not have this then you may have to wait for up to seven days as the broker manually resets this. Our website uses cookies. The benefit of digital coins is that they can be moved easily, transferred to and from with speed, and tend to cost less and take up no space. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. After all, we have seen massive swings in crypto, both higher and lower, and one would have to assume that it is still very possible. Withdrawals are processed once a day, between 12:00 and 14:00 UTC. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Open the downloaded file and tap Install to complete the installation. In December 2021 the MyCryptoWallet exchange called in liquidators. When trading futures, PrimeXBT clients enjoy leverage, which goes as high as 200x on Bitcoin and Ethereum and up to 100x on altcoins. Today, the asset is maturing and finding new use cases, such as a safe haven asset and a contactless payment technology. Benefit from zero commission and spreads as low as 0. This just means you need more information and data when making a Polkadot price prediction. Keep an eye on us for more updates and new features. The complex interface is unsuitable for inexperienced traders. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures.

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Our clients love how fast and simple our sign up is. This comparison helps traders identify which withdrawal method best suits their needs and preferences. Let’s jump into this PrimeXBT Crypto Futures review by starting with the positives. However, it has become standard on most trading platforms. Here’s what it looks like in my Personal Profile. With PrimeXBT, I feel that I can receive support whenever I need it. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT is available worldwide and supports many languages. Hot wallets are defined as any type of wallet that has an ongoing “hot” connection to the internet. In the event of system overloads, PrimeXBT’s trading engine efficiently manages order queues to mitigate the impact of high volatility. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. 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. That being said, keep in mind that the longer a trade is open, the more interest that the trader will be responsible for during the life of the trade as it is calculated daily. The PrimeXBT cryptocurrency exchange is a one stop shop trading platform that supports trading cryptocurrencies, most major stock indices, commodities, and foreign currencies. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. However, in the crypto community, the Dogecoin believers are some of the most fervent crypto holders. I have screenshots as evidence. We’re also glad that you’re pleased with the specific features of our Crypto Futures module and the competitive trading conditions we offer.