FAQ About Trading on PrimeXBT in the United Kingdom

Learn more about Baksta’s Legal Terms. This is PrimeXBT’s biggest weakness. Regulatory requirements and restrictions can have a significant impact on traders using PrimeXBT. Some of the strong points of the platform. I came out third and was able to withdraw some of the profits made,after trading the winning bonus,to my web3 wallet. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. After reviewing all details are accurate, a security code will be sent via email to the email address provided at the start of the process. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users.

◾️Can I see a detailed report of all trading activity on my account?

There are over 100,000 registered users and master traders, providing an array of trading opportunities and strategies to follow. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. In reality, it is only dangerous when used improperly. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. We have developed an internal risk based system for AML compliance, as per the guidelines and recommendations set forth by FATF to all Virtual Asset Service Providers. PrimeXBT equips partners with all the necessary tools and materials to succeed in their promotional efforts, allowing them to begin earning in a high paying industry without any initial investment. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Copy trading fees are super straightforward and are as follows: 2% entry fee when you start following a trader, 10% platform fee 10% of the profits you made, taken when you unfollow a trader, and a 18% trader fee 18% of the profits from trading your assets. If you are reading this thinking that this point is moot and that pretty much every exchange has a good user experience these days, I would recommend checking out our Gate. PrimeXBT is no exception. If you have any further insights, questions, or need assistance with any aspect of our platform, please don’t hesitate to reach out at. This includes simple errors like misinterpreting market volume or momentum to catastrophic errors like trading in an emotionally elevated state or “fat finger” mistakes i. Thank you for sharing your positive experience. PrimeXBT stands as a versatile platform, offering a spectrum of trading possibilities. This program allows customers to be partners on the Primexbt platform and earn a stable income simply by bringing new customers to the website. This means that they can make money on a fall in the price of the asset. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. The hack itself happened through Solana’s end of the bridge. PrimeXBT opereert binnen de wettelijke kaders die van toepassing zijn op haar diensten, en biedt copy trading aan als een legitieme strategie voor haar gebruikers. BYDFi is an international market that services over 150 countries at this time. Launched in August 2020, SHIB was practically worthless for its first year. Deposits through third party services, such as Paxful, Coinify, Xanpool, CEX. Notably, the platform operates on a without verification, without ID, and no KYC basis, offering users a high degree of privacy.

PrimeXBT Review – Margin Trading FAQ

Additionally, users can access their transfer histories through individual wallets. The proper name for the native cryptocurrency token to the Ripple payment protocol is XRP. Step 3: Navigating Dual Sign OnUsers face a dual sign on process after setting up an account with Coinify: two separate logins are needed for the same URL — one for PrimeXBT and another for Coinify. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. This means, you should never allocate your entire trading account to the margin, as even small price movements against your favor can lead to the infamous “margin call. In addition to boosting your trading power with the deposit bonus, PrimeXBT offers other attractive bonuses that you shouldn’t overlook. US Dollar, Australian Dollar, etc. If you’re trading Bitcoins through an exchange, you need to set up a secure storage method for your shiny new coins. If the market takes an unexpected downturn and the stock’s price hits your stop price, your stop order becomes a market order, and the trade with sell stop on is executed at the prevailing market price, helping you exit the trade before losses accumulate. 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. I found the KYC process to be straightforward, with my account being verified instantly. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution.

No advertising or spamming

Com shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. Please keep in mind that PrimeXBT does not control the markets and all our clients get the same market conditions. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. This means you can expect fair pricing, transparent trade execution, and a well regulated trading environment. However, if you are looking for more opportunities, a CFD broker like PrimeXBT is the way to go. A Margin Call is a platform notification/email reminder that warns you when your Available margin is low. Get $15 in bitcoin when you signup for Gemini and trade $100 or more in your first 30 days. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. PrimeXBT is a versatile and cost effective trading platform offering access to cryptocurrencies, commodities, Forex pairs, and major stock indices via CFDs. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. In SE Asia, rapid Web3 adoption underscores the urgent need for education to protect investors and empower developers. The design of PrimeXBT’s platform is sleek and minimalistic. The calculation method ensures that the fees accurately reflect the cost of holding a position overnight. Trading cryptocurrencies with leverage has become increasingly popular in recent years. 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. We’re here to help make your trading experience as efficient and enjoyable as possible. PGX Affiliate Program. Get your free account today. A spokesperson for explained that “in today’s fast paced markets, traders want to waste as little time as possible, and generate as much profit as possible in the shortest amount of time,” continuing “we’ve built PrimeXBTTurbo especially for savvy traders seeking speed and efficiency. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Deposits, in crypto or fiat, don’t have fees. Note that you might have to share your personal identification if you intend to use any of the services mentioned above. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. On the flip side, let’s imagine a situation where a trader sets a stop order at a conservative price level in anticipation of a market downturn. 3 billion fine for failing to comply with AML regulations. This strategy is a good fit for novice investors, who lack the necessary experience to analyse and choose the most opportune moments to buy Ethereum. I found the deposit process via Volet quick and easy, with funds instantly credited to my account.

Open trading account

As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges. Since then the coin has fallen back down to the $50 mark, butits explosive rise is indicative of what it can do down the line. Engaging in Bitcoin trading means buying and selling the digital currency through an exchange or predicting its price fluctuations using a CFD trading account. Only for verified users. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. To claim the PrimeXBT 35% deposit bonus, CLICK HERE to register, and use bonus code HORUTA. Io is licensed by the Gibraltar Financial Services Commission under the 116778 incorporation number as an official Distributed Ledger services provider. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. You can find out more about them in our Gate. However, depositing or withdrawing fiat currency will require KYC identity verification. Apart from that, taking part in network operations can result in additional profit. Although this correlation has been observed it has not been confirmed. With our Referral Program, you don’t only earn from the people you refer direct referrals, but from the people they refer, and so on indirect referrals, up to 4 levels. No matter what your other crypto trading needs may be, we’ve got you covered. If you ever have any questions or need further assistance, don’t hesitate to reach out at. Step 4: PrimeXBT offers several different order types to assist with users’ trading and hedging strategies. Dear UlisesThank you for sharing your experience. Claim Your $30,000 Rewards. Unlike copy trading, mirror trading involves copying a specific trading strategy that often comes in the form of automated trading algorithms. The margins of the cryptocurrency PrimexBT has low fees and that benefits me as a user, I don’t want giving my money on high fees since I’m not sure on the ROI and it’s also risky. Once you press the “buy” or “sell” button, your position is in the market. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken.

Is PrimeXBT safe?

PrimeXBT offers an award winning crypto futures platform that supports copy trading. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Established in 2018, it provides services to clients in over 150 countries, boasting an average daily volume of over $1 billion. Once you start trading, there is no way you can receive the bonus amount later. $2,000 by bank card. Bij PrimeXBT benadrukken we het belang van het aannemen van de beste copy trading strategieën voor optimale prestaties. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. This means that the more coins a person holds the more impact and effect they have on the network. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. Those in the trading game would appreciate the clean and easy to navigate interface coupled with the variety of trading options such as spot, derivatives, margin, futures, perpetual swaps, and options markets. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. Learn more about Baksta’s Legal Terms. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Limit and market orders are available. You can also customize the interface to suit your preferences. As always, exercise caution when trading cryptocurrencies especially with leverage. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. The customizable trading interface has advanced trading tools and over 50 technical indicators. Through 24/7 live customer support and advanced tools, we empower our users for trading success. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. PrimeXBT offers a more straightforward interface and diverse trading instruments, making it accessible to beginners.

What is PrimeXBT?

Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. We understand your concern and apologize for any confusion regarding the use of our platform. This is because it is highly volatile, and moves can be sudden and not always in your favor. Learn what they are, and how you can use the PrimeXBT token yourself. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. Good luck with your venture into trading crypto futures. Titles should accurately represent the content being linked to and not be in all caps. The Bybit copy trading platform has already attracted over 259k users, making it nearly instantaneously, one of the largest markets for crypto copy trading. S manufacturing news. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. PrimeXBT has never suffered a hack or security breach during its operational history. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. If you have any questions or need help verifying your account, reach out to our compliance team via email at. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Transactions typically happen directly on PrimeXBT’s site or via trusted partner platforms. By clicking the chart itself, orders can be placed with unmatched precision. The main difference is that when you borrow money to purchase a cryptocurrency, you must pay interest on the money that you borrowed. 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.

Build a trading plan

OKX, on the other hand, uses a tiered fee system and employs various security measures such as cold storage, multisig authorization, and an offline computer for private key encryption, among others. The star rating system is not visible here, but you can see their active days, maximum profits, and maximum equity. Temporary trading or deposit/withdrawal limits may be imposed until the required documents are provided and the CDD process is successfully completed. In order to make any movements from the cold wallet to the hot wallet, they make use of multi signature access that needs to be executed by multiple employees. This encourages users to complete the necessary verification steps to gain more flexibility in managing their funds. For example, 1:200 leverage means that, if using $1,000 of your personal funds, you will be able to trade with up to $200,000. Verification usually takes up to 2 minutes, after which your account status will be updated to ‘Verified’, and your withdrawal limit will be automatically lifted. Our experts found that PrimeXBT has developed a mobile version of their custom platform, available for download on iOS and APK smartphones and tablets. Wunderbit is an Estonian cryptocurrency exchange founded in 2018. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. If bitcoin continues to be criticized due to its energy consumption, it could threaten its price action. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. As you already know, cryptocurrencies can be extremely volatile at times. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. 5 for PrimeXBT and 3. Fiat money payments will trigger KYC requirements. You also have the option to insert a referral code if you were given one more on this later.

We fight fake reviews

Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. PrimeXBT is a sophisticated online trading platform that offers a range of financial instruments across multiple asset classes such as cryptocurrencies, forex foreign exchange, commodities, and stock indices. There’s also support for Axie Infinity, Internet Computer, Stellar, and other popular altcoins. Overnight financing fees, or swap fees, are calculated based on the interest rate differential between the two currencies in a pair. The PrimeXBT affiliate program offers individuals the opportunity to earn additional income by promoting PrimeXBT to their audience. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading. This means that traders can use the platform without undergoing identity verification processes. To understand how a Forex trade works, we will run through an example that is both profitable, followed by a loss. The platform requires all users’ two factor authentication 2FA to safeguard user accounts from unwanted access. Prime XBT’s platform is designed to be user friendly and intuitive, making it accessible to both experienced traders and beginners, provides a seamless trading experience with easy navigation and clear functionalities. It serves as a dual opportunity: for novices to leverage expert strategies and for seasoned traders to earn from sharing their knowledge. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. PrimeXBT takes the safety and security of its clients very seriously. Unlimited via Perfect Money. Users can access all features from one dashboard.

PrimeXBT Exchange Review 2021

Spreads can be either fixed or variable, depending on the currency pair and market conditions. Surely, this will make the transition to PrimeXBT at least a bit easier for the newcomers to the platform. It may be too early to tell. One such example is the malicious website Investment Bud, which is mimicking the PrimeXBT design and layout in order to wrongfully earn user’s trust and leverage that trust to gain access to sensitive account information such as usernames or logins, or to steal user’s funds. Bybit’s KYC Procedures. Although there have been multiple promises that Musk would accept Doge as a payment method on X and for Tesla’s website for merchandise in fact there is an entire FAQ page dedicated to it, this has yet to happen. Moreover, the payments are dictated by the selling merchant so you may not always get your preferred deposit method. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. I tested both versions and found that they offered a smooth trading experience without any significant compromises. XRP’s growth potential, capabilities as a cross platform payment method and low entry point could make it enticing for investors looking to shop the bear market “sales,” so to speak. 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. When I deposit I get a 20% bonus. Learn what they are, and how you can use the PrimeXBT token yourself. Experts who share their strategies on PrimeXBT stand a chance to earn up to 20% from follower profits. Really scary times: Middle east war potential US job cuts First time no carry trade in 20 yearsWith Primexbt though, i’m chill. All transactions are processed quickly, but withdrawal times may vary depending on the method used. Basically, customers who choose to use this platform are on their own and do so at their own risk. Best Regards,The PrimeXBT Team. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. 35% Deposit Welcome Bonus – Offer is about to expire, get it now: Sign Up Here. Even so, Binance has set itself apart by offering an insurance fund for user assets. We shall delve deeper, just give us a few seconds. And only has seven crypto trading pairs available which is very weak. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. ASK quotes are higher than BID quotes by the amount of the Spread. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. We’re always looking to enhance our offerings. PrimeXBT primarily focuses on cryptocurrency deposits.

Email ID

If the issue persists, contact PrimeXBT support with your transaction details. However, we give you a deeper analysis so you can decide which bitcoin trading platform suits your unique requirements best. The support service in PrimeXBT is built quite thoughtfully. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. The broker doesn’t require KYC, which means they don’t check if you are from the U. With a fully fledged copy trading service, a low PrimeXBT copy trading minimum deposit, and a dashboard with precise controls, it is prevalent in my PrimeXBT Crypto Futures review that this is a serious crypto platform. 02525 ETH, respectively. In case of a request from authorities involving transactions suspected of illicit activities, PrimeXBT must work closely with law enforcement representatives to supply the necessary documentation and information in line with data protection laws. I also tested the fiat withdrawal process, using Volet. However, in any case, if you fail to do so, BingX can cancel the qualifications of that trader. Many cryptocurrency projects are untested, and blockchain. Thank you for choosing PrimeXBT, and happy trading. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. We may earn a commission when you make a purchase through one of our links. Date of experience: April 21, 2024. They support me in less than 2 minute thanks for prime xbt. 39, an average of $1. This feature is appealing to users who prioritize privacy and wish to trade anonymously. 00, a remarkable rally of over 30% for those fortunate enough to buy at the bottom. PrimeXBT offers an award winning crypto futures platform that supports copy trading.

Risk likelihood

Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. I mean, they have DDos Protection, they are backed by AWS, and reportedly have liquidity from 12 different sources. If a CDD procedure is initiated for an account, PrimeXBT may request a user to produce some or all of the following documentation. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. Receive the latest news and stay informed. Here are some strategic benefits that highlight the significance of incorporating stop orders into your trading arsenal. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. PrimeXBT agrees to provide services subject to the client not being a resident of a restricted country, which includes. It is also a great way for experienced traders to earn some extra income from other traders. Its almost 2 months of this wiggling around in the 65 71 range. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈.

Equal

On the Deposit section of your account specify the detail of your deposit. Additionally, users can access their transfer histories through individual wallets. No, all that is required to open a PrimeXBT account is a valid email address and password. The most important thing is trust for primeXBT. Covesting accounts have access to maximum leverage rates of 1:200 for all asset types, no matter the trade volume. Search keywords : primexbt reviews, primexbt covesting, primexbt leverage, primexbt turbo, primexbt fees, primexbt promo code, primexbt withdrawal, primexbt deposit, is primexbt legit. PrimeXBT is an acceptable choice for day traders. Like most digital assets, the barrier to entry is very low and it is intended to be an entry point for any one who wants to get into the space of trading. By copying the trades of expert traders, I was able to benefit from their knowledge and experience. PrimeXBT provides users with an extensive, 4 tier Referral Program, allowing them to earn commissions by introducing friends to the platform. In conclusion, PrimeXBT stands out as a powerful and versatile trading platform for traders of all levels 🌐. Starting in early 2019, PrimeXBT has expanded its ground to opening St. PrimeXBT was founded in 2018 in the Seychelles under the name PrimeXBT Trading Services and has since grown into a global brand with clients in 152 countries. Set up stop loss orders to manage the volume of potential losses and unfollow unprofitable deals once they start suffering too excessive losses. The opinions expressed on Bitcoinsensus does not constitute investment advice and independent financial advice should be sought where appropriate. By margin trading with leverage you’re able to profit from both rising and declining markets by Short selling and Long buying. No matter what your other crypto trading needs may be, we’ve got you covered. Unlimited via Perfect Money. After a series of price corrections during the global Cryptocurrency winter and a steep dip in value, plummeting nearly 90% from its all time high, Shiba Inu has remarkably retained its well deserved top ranking position. Margin trading is a great tool if you have a profitable trading system. These products are not suitable for all investors. Technical analysts carefully watching the price movements of Shib predict a descending triangle which could likely indicated to a subsequent upward trend if the coin follows the pattern in the future. Frequently Asked Questions. Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. To open an account with PrimeXBT, you will need to visit their website and click on the “Register” button found on the top right hand side of the page. After that make your first deposit, fund your account, and you will be ready to start trading CFDs right away. Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. Another crucial feature of Polkadot’s technology is scalability.