◾️Where do you get your prices for currencies?

Therefore, even with a futures contract, you will not be entirely shielding yourself from the market volatility, as you will still bear losses if the prices shift unexpectedly in the opposite direction. Prime Technology Ltd is PrimeXBT‘s Technology Provider. However, with 5x leverage and a $1,000 investment, you could control a $5,000 position. It must be entered into a special box on the site. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. A more reasonable prediction forecast is that XLM could trade at between $0. The platform offers multiple channels for customer support, ensuring that users can get the help they need quickly and efficiently. We utilize Bitfury’s Crystal AML compliance software and blockchain monitoring toolset on all incoming transactions. Seize control of your trades wherever you are – introducing the PrimeXBT app, available for download on both iOS and Android platforms. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. However, a cold storage device means you cannot easily access crypto assets for yourself. Instead of buying the full value of an asset, you only need to deposit a fraction of it, known as a margin. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. At that time, there were a little under 34. Best regards,The PrimeXBT Team. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Returns may be subject to tax. The PrimeXBT technical analysis platform runs on Tradingview. This means that users can relax without worrying about their passwords and data being breached by hackers. When signing up and making the first deposit on PrimeXBT, entering a promo code in the designated section can result in a bonus. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. PrimeXBT Deposit :On PrimeXBT we offer Direct Crypto deposits from your personal crypto Wallets as well as alternative Deposits via Bank/Credit card/SEPA Transfers. These sources of income must be declared on your income tax return. I’ve always been eager to find new and innovative ways to increase my profits while reducing risks. PrimeXBT uses cold storage for client funds, two factor authentication 2FA, and data encryption to ensure security. Visit the fees section at PrimeXBT to confirm the exact fees on the day.

◾️What is the minimum and maximum amount for a withdrawal?

With PrimeXBT, the fees are actually pretty straightforward. Some offer both options, where cross margin uses the entire account balance to manage losses, while isolated margin risks only the margin of the particular position. Position traders take longer term positions, holding Stocks for months or even years, focusing on fundamental analysis and macroeconomic trends. Note: Users located in the US and UK are not supported. Once your deposit is confirmed, it will be reflected in your account balance. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. 2024 00343, having its registered office address at PKF Corporate Services Ltd. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. The site lists 14 countries on its “prohibited jurisdictions” including Canada, U. Additionally, withdrawals to a bank card come with a hefty 5% fee. PrimeXBT Trading Services, S. The Forex market can move based upon a multitude of unforeseen factors, so testing a methodology is going to be crucial. Bybit offers one type of main account for traders that provides access to all the features and functions of the platform. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. Ending Date: December 31, 2020. I’ve chosen PrimeXBT because some friends recommend it. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. Resource 20 IndexFinancial and Ind. Also there customer service was very poor.

🔒 Is PrimeXBT Safe? 🛡️

PrimeXBT’s trading platform offers advanced charting tools, including fully customizable technical indicators, trend measurement tools, and position sizing tools that cater to both beginners and experienced traders. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. The most common mistake when trading cryptocurrencies on margin is to overtrade. 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. The attention to detail is evident in every aspect, from the seamless integration of components to the thoughtfully placed buttons and controls. Its spreads are average to high compared to the industry average, barring cryptocurrencies. VERIFIED Low spreads are crucial for reducing trading costs. All tradable instruments benefit from cost efficiency thanks to the competitive spreads on indices, commodities, and cryptocurrencies. This causes a slight delay in funds being available in the account. Information regarding past performance is not a reliable indicator of future performance. It’s important to note that withdrawal times can vary depending on network conditions and the specific cryptocurrency being withdrawn. Exchange clients can open three types of accounts: demo competitive, no deposit, real for CFDs and real for futures. PrimeXBT is among the best South African brokers with a niche offering that caters perfectly to its target group. Firstly, you need to register for a new account on PrimeXBT. At the same time, clients have access to the following terms and conditions.

Award winning platformAward winning platform

Users are able to engage in both cross margin and isolated margin futures activity. Ripple XRP Price Prediction 2024 – 2025: Buying XRP Before $1, Is It Worth The Risk. But only if you are consistent, continue to learn, and use the right trading tools. PrimeXBT also offers both long and short trading options. The top 100 cryptocurrencies are popular with investors because most have strong technological backings. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. Unlimited via Perfect Money. Scan this code to download app. To access it, navigate to ‘Hub’ and select ‘Referral Program. Seek independent advice if you have questions or do not fully understand the risks. Generally, the thing that takes up the most time for customer support staff is KYC verifications. These addresses are known as whales. If you need any guidance on how to navigate the platform or make the most out of the many features we offer, please don’t hesitate to reach out to our support team at. But what is KYC in crypto. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. For traders who want to get more analytical and news information, PrimeXBT communities in social networks Telegram, Instagram, Facebook are available. But after losing half of my investment balance I realized that PrimeXBT lowered my equity both when I had a losing trade AND every profitable trade. Bitcoin BTC, the leading cryptocurrency by market capitalization, has maintained a trading range between $90,000 and $100,000 in this period. The program accepts worldwide traffic sources and offers promotional materials such as HTML banners and text links. At PrimeXBT, we aim to provide comprehensive support and are glad that we could assist you with your inquiries about our crypto futures spreads. Even beginners will find this platform easy to use. But, if the trader wanted to make that same trade — with exactly the same potential profit or loss which would be a tick value of $100 per 0. PrimeXBT provides a very easy to learn interface. This can include a passport, driver’s license, or national ID card.

Deposits and Withdrawals

This multi asset infrastructure under one account makes efficient capital flows between both Crypto and traditional markets straightforward. These offerings are highly speculative, risky, and unavailable on highly regulated exchanges like Coinbase or Gemini. That’s why we’ve compiled this list of the top 5 crypto trading platforms in the USA—and trust me, you’ll want to read this before making your next move. Bohicon, Quartier Soglogon, Arrondissement Bohicon 2 ; Immeuble DANIDA, Mairie annexe. Because of this many still question if Ripple is a stable investment. While PrimeXBT Turbo maximizes the profit that can be made over a period of time, it also reduces the complexity that many novices find when they first begin trading cryptocurrency. 2024 00343, having its registered office address at PKF Corporate Services Ltd. We’ll cover how futures contracts work later on in the article, but they also allow you to trade both upwards and downwards movements. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. For years it has grown into a global platform that has expanded to over 150 countries all around the world.

What are the risks of short selling crypto?

PrimeXBT was founded in 2018 with the goal of providing traders with easy and immediate access to a wide range of global markets from a single platform as well as all the education and tools they need to succeed, regardless of their financial experience. The platform also offers IEOs, staking, and other earn products. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. We cover Bybit’s products in more detail in our Bybit review, but to provide a high level of the most prominent features, here is what Bybit has to offer. Happy trading and stay safe. All opinions and reviews on the Cryptolinks website remain my own. In return, users are not charged any fee to copy trades. We personally contact support using all available methods and present hypothetical problems that users might face. So, we have gone through almost all the online codes and discovered that the correct code is ‘TMMBONUS. This helps prove their commitment to giving clients the safest possible environment in which to trade. 01%, while on PrimeXBT, they were consistently over 0. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. 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. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. The time for shorting Litecoin is probably in the rearview mirror, although the price certainly can continue to fall.

Referral program

Ready to explore the future of trading. Our clients love how fast and simple our sign up is. Below is a table to compare the available methods. Fiat Currency Trading. Let’s start with discussing the amount of leverage you can engage with. These questions are largely speculative and opinion based. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. This will allow you to earn a commission from referring friends to the platform. While PrimeXBT’s platform supports one click trading, its lowest timeframe is one minute which is not ideal for scalping. Returns may be subject to tax. Make sure that you practice adequate risk management. Some features and services may vary depending on where you reside. Best regards,The PrimeXBT Team. It’s highly recommended to be an experienced trader outside the United States if you want to use PrimeXBT. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. She has written around 30 analytical articles on cryptocurrency rate dynamics, reviews of financial companies and large joint stock companies. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. However, there is a risk of capital loss associated with trading of all kinds. Use limit orders when you have a specific price target and are not in a hurry to execute the trade. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you.

The beauty of Prime XBT

A word of warning for US investors though, in June 2023, CoinEx agreed to stop onboarding new US clients to its platform imminently, following a large settlement and ban from operating in New York. If the prediction is incorrect, the loss corresponds to the pledged amount chosen at the beginning of the prediction. If you do not, once the amount of margin necessary is gone, you will be liquidated from positions until you are in good standing. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. PrimeXBT offers the following promotional offers. These order types allow traders to specify levels for entries and exits. He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics. Placing trades on PrimeXBT is simple, with an easy to use order form. The trading interface on Bybit is quite standard in comparison to what you will find on many of the top tier exchanges as it has proven to provide a great trading experience with loads of functionality. Risk management is important in leverage trading. To trade Crypto perpetual contracts, go to the Trade dropdown menu, select ‘Crypto Futures’, and your ‘Margin Account’. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. The broker publishes regular market news, weekly outlooks, and general market breakdowns. It is also important to note with the lack of KYC requirements that they are playing on the less cautious side of friendly regulation which may see some crackdowns in the future. 5 per cent of the world’s Bitcoin mining takes place in Iran, which, according to blockchain analytics firm Elliptic, could account for revenues of over $1 billion €843 million. Use correct spelling, grammar and punctuation. 01%, while on PrimeXBT, they were consistently over 0. However, it is important to keep in mind the temporary nature of the bonus and any potential limitations when using it.

Allow Installations from Unknown Sources:

Related: How to Convert BEP20 to ERC20 Tokens Guide in 2023. The PrimeXBT app offers a wide range of technical indicators, including moving averages, RSI, MACD, and more. Please read our risk warning here. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. You can trade a wide range of assets, including cryptocurrencies, forex pairs, commodities such as gold and oil, and indices such as the SandP 500 and NASDAQ. If your deposit does not appear, contact PrimeXBT customer support for assistance. I believe that blockchain technology can build a brighter future and am excited to be part of it. 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. Refer clients and enjoy lifetime commissions. Some withdrawals might require manual processing for security reasons. Here are a few fundamental factors that can help answer the questions “Is POL ex MATIC a good investment. Traders can take advantage of this by getting started with PrimeXBT, a leading multi asset broker who specializes in crypto, and trading the news and technical patterns as they happen. Another instrument gaining traction in derivatives markets is the concept of leveraged tokens. However, there were a few areas of disappointment. Unlimited for verified users. Withdrawal Crypto and fiat. The trading interface did not seem as intuitive or familiar, though that could be because I have grown used to crypto exchanges with a TradingView interface. The first step in using PrimeXBT in the USA is to ensure you’re accessing the platform legally and in compliance with U. There is also a system of bonuses and additional passive earnings. The exchange has licenses, but its activities can not be called officially regulated. Learn more about our Editorial Policy. What the above is meant to show potential newbies wanting to enter into the Day Trading space in order to make huge profit with ease is that it is not as simple as you think, but, can you make money Day Trading — the answer is Yes. If you click on links we provide, we may receive compensation. Click Download and confirm the file download if you see a warning.

Pastor Rekan

ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB SITE. Imagine a world where blockchain transactions happen instantly and without breaking the bank. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. PrimeXBT offers very high leverage, meaning you can easily keep majority of your assets in safe storage, and trade with a small portion of your portfolio. PrimeXBT has developed its own trading platform with advanced charting capabilities powered by TradingView. 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. PrimeXBT has always focused on providing traders with a localised experience, something it plans to continue with its South African expansion. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. Limits on trading pairs minimum trade sizes and maximum risk/exposure can be found here for each pair. Regardless, it is an option that you have on our platform at PrimeXBT. And, there is not much difference in the trading fees with Binance if your monthly trading volume is less than 2500 BTC. OKX is one of the more reputable exchanges in the crypto space. Whether you’re a veteran trader or new to the game, knowing the key differences between these platforms will equip you with the right tools to execute your trading strategies, whether you’re scalping, day trading, or swing trading. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. I first thought it’s only about crypto. Virtual Protocol VIRTUAL. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. How far ADA climbs is anyone’s guess. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. Many of the implementations still have yet to be launched on the Mainnet. Once you’ve completed your trades, transfer the remaining funds to your personal wallet. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. We’re committed to providing a robust infrastructure that supports traders in managing their exposures and achieving their trading goals. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. Different strategies cater to different trading styles and objectives. If you need to withdraw more — up to 1 million USDT — you’ll need to verify your identity, but the option to trade smaller amounts without KYC makes BloFin a popular choice. We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was.

Select a Country

Active users across the world. These services are governed by the legal terms and conditions of PXBT. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Bybit is a top 5 crypto exchange in terms of daily trading volume with more than $700 million. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. It’s like learning from the best. Through compatibility with the Ethereum Virtual Machine EVM, PlutoChain could allow Ethereum based DeFi apps to transition smoothly onto Bitcoin’s network. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. The following data may be collected and linked to your identity. A few weeks ago I started to think that Bitcoin is overbought and decided to open a short position from $ and put a take profit on $. Dean register now has an economics and startup background which led him to create Bitcompare. By using our platform, you have the ability to go long or short, and with leverage to maximize potential opportunities. This tactic made such an impression on us that we did a dedicated OKX Wallet review to talk about it even more. The most straightforward mistake is not being aware of the type of margin trading you are using.

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Navigation was intuitive, with all the essential tools and indicators just a click away. Other similar apps like PrimeXBT are Gate. I participated in their weekly contests. These offerings are highly speculative, risky, and unavailable on highly regulated exchanges like Coinbase or Gemini. It is important to note that if a position is carried over into a new trading day or trading session, an overnight financing fee is applied. For more advanced and sophisticated traders who want to extract the most out of their trading strategies, there are also crypto derivatives platforms, such as PrimeXBT. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Contracts for difference CFDs are derivatives that speculate on the underlying asset’s price without physical ownership. This can be done quite easily through the account management options in the “security settings”. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. This method effectively measures the capability of customer support to assist both active traders and casual investors.