Can users from the US and the UK use PrimeXBT?

I myself primexbt com went to Coinbase which although it is overseas based its been flawless compared to my experience with Coinstash. Trade 100+ markets like EUR/USD and SP500. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Thank you for choosing PrimeXBT, and happy trading. The platform offers a special promotion for users who sign up via our link. Select Your Asset: Choose from a wide range of tradable assets, including cryptocurrencies, forex, commodities, and indices. Simple click the Deposit button on the homepage to get started, select your method of deposit, and follow the instructions to fund your account—ensuring along the way that you choose Wallet from the deposit location dropdown box this is where we’ll fund the futures account from. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money. Shrishesh Tanksalkar Oct 17, 2024.

Fiat Options

These allow traders to speculate on the price of that crypto asset without having to own that underlying asset—helpful for traders who don’t want to have to deal with securely storing digital assets. PrimeXBT’s referral program is your gateway to effortless additional income. We particularly liked that the broker has integrated all features into one account and dashboard. We’re glad to hear that you’ve had a positive experience with PrimeXBT, especially in terms of order execution and trading features. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. KuCoin or Kraken, there are other very well known industry leaders that are located all over the world. His experience as a senior analyst and market knowledge including day trading fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. Still finding PrimeXBT too complicated. Our website uses cookies. The responses were fairly detailed but lacked accuracy in addressing all queries. Dear Mustafa,We’re thrilled to hear that our blog and price prediction tools are valuable resources for managing your trading effectively. Traders can insert or remove widgets, resize and move panels around, change chart appearance, colours, grids and spacing, and basically rework everything in a manner that suits them.

Register on PrimeXBT Trading Platform

We’re invested in your success, which is why we give you exclusive bonuses and rewards, just for completing simple tasks, so you can make the most of market opportunities. We are thrilled to have you here as we embark on a fascinating journey of deciphering the future. But how well does it work in reality. There are also a plethora of technical studies and indicators that can be used. One advantage that OKX has is SEPA transfers, which are used mostly in the European market, providing options for cost friendly deposits. 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. Keeping cryptocurrencies online increases the attack surface or risk of having your funds stolen as they are a digital asset. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. These products are not suitable for all investors. Learn more about Baksta’s Legal Terms. It involves using borrowed funds, in order to increase potential profits. Litecoin has not been receiving a lot of good press over the years. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. The macroeconomic landscape is becoming increasingly fluid, marked by rising uncertainty around central bank policy decisions and the labour market, particularly in the U. Lets see how it goes. Last time this happened on a top June 2019 it initiated an extended pull back to the 0. In this case, you do not need to enter a verification code: you will immediately get access to the Personal Area. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources. Manage risks with stop loss and take profit orders, and earn in BTC, ETH, USDT, USDC, COV, and USD for flexibility and diversification in trading and profits. It is possible to contact a manager both directly from the site via a dialog box and via a Telegram bot. In general, trading has become big in the Cryptocurrency space as more and more sectors flood in to be part of the volatile and often profit filled market. Growth in the market cap happens when the price gains and investors usually monitor the fluctuations in the market cap. The account setup process involves providing basic information, completing the KYC know your customer verification, and depositing funds into your account. Leverage allows you to amplify your trading position beyond the initial capital you provide, effectively increasing your potential returns, but it also magnifies risks, including the possibility of liquidation. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. 7,400 7,354=46, which you multiply by 10 and get a profit of $460 because you had a “short” position. Furthermore, it allows the profitability to be expanded, beyond what would normally be possible in a standard cash account. Cardano is a blockchain platform that processes transactions using the native Cryptocurrency ADA.

How to Sign Up to PrimeXBT and Access Futures and Copy Trading

Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. If activating multiple promo types, it is also important to note that: – only 1 Reward promo type may be active at a time – multiple active Trade Fee discount promo types are NOT additive; only the highest active trade fee discount will be in effect at any given time If attempting to activate 2 campaigns of the same type, a notification window will pop up. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. We’re invested in your success, which is why we give you exclusive bonuses and rewards, just for completing simple tasks, so you can make the most of market opportunities. A critical indicator to monitor will be the U. To be eligible for the PrimeXBT bonus, you must primexbt deposit bonus at least 0. Learn everything you need to step up your crypto game. This provides an excellent opportunity for both experienced successful Traders and Followers to earn and greatly boost each other’s profit potential. In the case of a hacker, gaining access to a user’s password will still keep the account safe, thanks to the 2FA protocols set on the platform. If you have decided that you would like to try out the PrimeXBT platform then you will need to register an account.

Straight fire!

PrimeXBT wallets are multifunctional. Selecting an appropriate leverage ratio for margin trading is similar to choosing the right climbing gear for a mountain climbing adventure; it significantly impacts your journey. There are as many ways to trade the Crypto market as there are stars in the sky. To begin with, you should only invest what you are willing to lose. Receive the latest news and stay informed. Io is the overall best place for crypto trading with futures. Best Regards,The PrimeXBT Team. Similar to long trades, leverage magnifies your gains. PrimeXBT may store various types of data, including trading history, custom settings, and account information. PrimeXBT is known for its user friendly interface, which simplifies the trading process for beginners while still offering the depth required by experienced traders. 1%, and variable overnight swap fees tailored to each asset.

Execution Efficiency and Order Fulfillment

A stop loss order will specify a certain level of price that will trigger the sale of an asset or, in the case of a short position, the buying back of that asset. Remember that Cardano typically moves in the same general direction as Bitcoin and Ethereum, the two largest Cryptocurrency markets. 07:00 am to 16:00 pm UTC. Biqs will never ask you for your personal details, and there are very few limits in place for trades. However, if you were to use margin and trade those 800 shares, half of which you paid for with borrowed funds, your gain would be $4000, or a 40% profit. It is a decentralised, peer to peer network that allows users to send and receive DOGE tokens securely without a third party. PrimeXBT Special Offer: Use this link to register and enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Tim Draper, a well known Venture Capitalist, remains optimistic that Bitcoin could reach $250,000 by 2025, pointing to the growing adoption of Bitcoin by both retailers and consumers. Cobinhood offers a more straightforward interface and zero fee trading, making it accessible to beginners. 🚀 With options for orders, high leverage, liquidity, advanced tools, customizable charts, and 24/7 support, PrimeXBT ensures a secure experience with PIN, face ID, or fingerprint authentication. 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. The one exception is if you are trading a CFD that has an underlying futures contract. Bitcoin Price Stagnates Amid Mixed Market Signals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. In contrast, PrimeXBT provides higher leverage options and a more extensive selection of cryptocurrency trading pairs. If don’t have crypto to fund your account, head over to Changelly, click the “Buy” tab, and follow the on screen instructions to purchase your desired cryptocurrency using fiat money.

PrimeXBT and Cardano

Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. That is not entirely true. In the case of a hacker, gaining access to a user’s password will still keep the account safe, thanks to the 2FA protocols set on the platform. However, if the price of Bitcoin falls by 10%, your $5,000 position would be worth $4,500. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Moreover, the platform runs regular tests and check ups and evaluates IT security measures to remain informed about emerging potential risks. Analyse the market through our TradingView integration. PrimeXBT places a high emphasis on security. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. PrimeXBT positions itself as a platform that offers advanced security and copy trading features, among other features. Go to Settings > Security and enable Install from Unknown Sources if prompted. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. To address this challenge, follow these steps for a resolution. Information on the TradersUnion. But how does it compare to other platforms in the market. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. Some promotions, like the Welcome Bonus, are available only to new users. 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. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. 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. We provide expert guidance and resources to help you navigate forex trading with ease.

Popular Categories

Only for verified users. It was noticed and fixed quickly, taking only five hours for a soft fork to be rolled out, which reset the Bitcoin blockchain to its state before the incident and featured code that rejected output value overflow transactions. PrimeXBT Crypto Futures are live and available for trading. For example, someone who specialises in trading stocks can copy a crypto trader or vice versa. Users can transfer cryptocurrencies directly from their personal crypto wallets to their PrimeXBT Wallets. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. However, it’s important to be aware that this review process can result in a delay of the withdrawal process as the request is thoroughly checked before approval. Returns or profits may be subject to capital gains tax. Why refer friends to PrimeXBT. It takes just a few minutes to get started. PrimeXBT’s advanced charting tools and indicators can help you analyze the market and make informed decisions. Crypto exchanges offer varying leverage ratios when trading Futures. 25%, shows signs of recovery despite a 41. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. Cardano may achieve significant growth and acceptance if its plan is completed properly. In addition to trading, overnight financing, and withdrawal fees, PrimeXBT may charge other fees for specific services or account activities. “The Financial Commission provides brokerages and their customers with an unbiased 3rd party mediation platform that helps resolve complaints in instances when parties are unable to directly come to an agreement over disputes,” the press release of FinCom stated. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must.

POPULAR CATEGORIES

In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. The size of the swap for long and short trading positions depends on the underlying asset. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Affiliates can earn up to 70% commission on sales they generate. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. Regulatory changes can have a big impact on the price of Polygon. Via the Trade page, PrimeXBT provides details on. 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. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels.

Margin Trading Pros and Cons

However, this goes even higher to a maximum leverage of 200x for BTC and ETH margin trades which is higher than Binance , Bybit, and Phemex based on our reviews. 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. While such high leverage amplifies potential profits, it also heightens risks. The Positive Directional Indicator is used to measure the presence of an uptrend. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. Gotta give credit where it is due, the Bybit team seriously stepped it up. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. This allows people in countries with financial sanctions or limited access to banking systems to participate in cryptocurrency markets. Other cons include the lack of regulatory clarity and an association with crime. The process of funding your account with crypto is seamless due to the big ‘Deposit’ button that can’t be missed. Trade volumes of $3,500,000+ CFD and Crypto Futures. Another special feature of Primebit is that you can also trade 2 major altcoins with such high leverage. Risk Warning:Trading in leveraged products carries a high level of risk and may not be suitable for all investors. If the app is unavailable in your region, you can still access it through direct download from our site. Anyone can write a Trustpilot review. It allows leveraged trading up to 100x leverage for crypto futures and 1000x for forex, attracting a broad spectrum of traders. Some security features include. Registering an account to start trading on PrimeXBT takes just a few minutes. Covesting module looks awesome. Overnight financing is not charged on weekends for markets that are closed during this time, however a triple financing rate is due on Thursday 00:00 UTC. الرياض حي الملقا شمال الرياض ، طريق الأمير محمد بن سعد بن عبد العزيز شمالاً بتجاه طريق الملك سلمان. 311583 occurring before the year’s end. If you ever need assistance, feel free to reach out at.

PrimeXBT

Is this just a marketing spiel, or does it genuinely deliver. PrimeXBT is a leading online broker that offers trading on cryptocurrencies, commodities, indices, and forex. Features like these help traders get started with a smaller initial investment, which is ideal for those in emerging markets due to the current economic situation. If there’s anything else we can do to enhance your experience further, please don’t hesitate to reach out to us via live chat or email at. PrimeXBT is a newer crypto exchange and brokerage company. 100x or 1000x can increase potential profits, it also raises the risk of rapid fund exhaustion due to volatility. You can easily find PrimeXBT bonus codes across various social media platforms, including Twitter, Facebook, and specialized trading communities. This can be done quite easily through the account management options in the “security settings”. Contests: Account holders can win enticing prices via the Contests page.

Order Types and order spillage

Maker fees are generally 0. The higher your tier, the more privileges you have, such as increased deposit and withdrawal limits. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. Note that the ask is always higher than the bid. 📝 Medium: Stay tuned with PrimeXBT’s Medium for crucial updates. Deposits are free, but there are withdrawal fees for cryptocurrencies. Visit our Help Centre. In the Cryptocurrency Service category. Prime Technology Ltd is PrimeXBT’s Technology Provider. PrimeXBT is created for all webmasters: whether you have a website or a group in a social network, or you are a well known blogger or a novice arbitrageur. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. Based digital currency exchange business Gold Age Inc. Trading fees on OKEx depend on trading volumes, with the low volume traders parting with 0. This is an alarm bell for many, as it means there is no authoritative body to hold the platform accountable or enforce any sort of laws or rules. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk.