PrimeXBT April 2024 Copy Trading Report: hot new trader posts 819% ROI

The most impressive thing about Covesting is you can tell that a lot of work has gone into building their products. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. Many of the solutions hosted on Ethereum are cryptocurrency market related, including cryptocurrency exchanges, wallets, crypto funded loans and NFT marketplaces. A Bitcoin wallet is an interface to interact with the Bitcoin blockchain and use it to send, receive, and store BTC. The PrimeXBT team is committed to 24/7 customer service. Compensation Fund per user. 50 and moves up to 108. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Unlimited for verified users. Scan the QR code with your device’s camera and get APK file. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Here are some approximate timeframes. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. SimpleSwap is an instant crypto exchange, offering more than 900 crypto and fiat currencies available to trade. Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands,Island Majuro Ratak Chain MH96960. 01 ETH 30 USDT 30 USDC 5 COV. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. Investing in the Shiba Inu Crypto can be a great way to diversify your holdings. Last Updated: 01/08/2025. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. The platform offers a diverse range of products tailored to meet the needs of both beginners and professional traders. The results are shown in the table below. Bitcoin was first worthless, and when it first began trading it was worth only a fraction of a penny. These resources provide valuable information and help users make the most of their trading experience on PrimeXBT.

Deposit and Withdrawal

Expert cryptocurrency traders usually base their decision making on analysing the prices. 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. The margin you need to maintain is a fraction of the total trade size, enabling greater exposure to the market. BONK’s price resilience and technical indicators, including a double bottom pattern and proposals for a token burn, indicate a bullish outlook. Bonuses Cannot Be Combined: Bonuses like deposit bonuses and fee reduction bonuses usually cannot be combined. A good Forex trading strategy is profitable obviously. This is another element you need to consider when you ask the question “is Chainlink a good investment”: is it scalable, does it have the ability to be applied to other technologies, and how does it benefit the entire Cryptocurrency market if it has the capability to do so of course. Leverage works by using a deposit known as margin, which provides you with increased exposure. 💸 Enjoy copy trading, powerful analytics, real time news, forecasts, and trading signals. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Basically, customers who choose to use this platform are on their own and do so at their own risk. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Dear Luis,Thank you for your positive feedback. These services are governed by the legal terms and conditions of PXBT. PrimeXBT offers a variety of bonuses that enhance trading opportunities, but there are specific rules and conditions for their use. In case you have any questions about the PrimeXBT platform or trading, you can use its Help Center section to find answers. The PrimeXBT sign up bonus is an exclusive offer available to new users, providing an additional bonus upon completing certain actions, such as making an initial deposit and completing account verification. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. For example:The minimum order size for Bitcoin is 0. So, should you use mobile trading. However, PrimeXBT does not provide any third party content. ETFs make it easier for traditional investors to gain exposure to Bitcoin.

Different types of Stocks

There is no specific market analysis that is more effective to trade Crypto, instead it can be even more effective when used in tandem. The parallel between the two reveals itself in the mirrored formation. In the following lines, we’ll provide detailed tips on margin trading, so that it impacts your bottom line in a positive way. That’s why we offer some of the lowest fees on the market. You’ll receive a margin call if your free margin i. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. While it offers the potential for amplified profits, it also comes with heightened risks, such as higher interest rates on borrowed funds. EASIEST money of my career, pretty much. While this is typically secure, it’s important to check what permissions the API has. Very High Triple A rating by Certified. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 35350, this means that the trade lost 25 points. You can only withdraw fiat using the same payment method you used for deposits. Withdrawal fees vary depending on the currency being withdrawn. Margin trading can be used by beginners, as long as they respect the fact that it can also be dangerous. However, while short selling can appear lucrative, it is still as risky as spot trading. Like their competitors, members can access crypto signals through their Telegram channel. For more information, please see PrimeXBT Krypto-Broker our Cookie Notice and our Privacy Policy. With the halving event comes the expectation of the beginning of the crypto bull market. This incredible rise led to SHIB becoming one of the top Cryptocurrencies by market capitalization, temporarily placing among the top 10 coins.

What Can You Trade With PrimeXBT?

Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. The required margin is different for each trade, so make sure your account is appropriately funded. PrimeXBT and BitSeven have distinct fee models that cater to different trading activities. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. With trading, investors can buy and sell Bitcoin at their choosing rather than simply HODLing through whatever is to come for price action. The absence of third party materials, such as those provided by Trading Central or Autochartist, limits the broader market perspective available to clients. Regularly check the PrimeXBT website for special promotions and limited time offers. 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. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. PrimeXBT is a mid tier multi asset trading platform that gives you exposure to investment products including Forex, CFDs, and digital currencies. By setting a reasonable stop loss value, you are expressing to the broker when you no longer wish to be exposed to the market. But ultimately this serves the community and the industry as a whole.

Can PrimeXBT be trusted?

This could be ideal for those who like to trade with technical analysis. Use 5 at once, maximum. Many of today’s crypto traders have entered the industry from traditional trading markets. You will receive the ownership rights to the digital currency you buy through an exchange. 🚀 Website: Dive into PrimeXBT’s core info and updates. Best regards,The PrimeXBT Team. The layered architecture of Cardano is one of its distinctive qualities. Learn more in our Cookie Policy. Thanks to Bybit’s extraordinary efforts, they recently hit the 10 million user mark and have solidified themselves in the top ten crypto exchanges in terms of trading volume and are growing rapidly. The reason is that they not only offer their subscribers accurate crypto signals, but they also give them access to two powerful crypto trading tools – the Brutal Scalps Indicator and Lorentzian ML algorithm and a free market scanner. Black Pen Recruitment. Positive developments for rivals like Ethereum and Polkadot may lift all boats. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Margin trading platforms, however, allow interesting derivative products and financial instruments that provide added features, such as long or short positions. Titles should accurately represent the content being linked to and not be in all caps. At the moment, an API interface is not available. Additional fees may apply depending on the specific asset class and trading volume.

PrimeXBT Copy Trading

Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. The ability to surpass these limitations defines it as a successful and a sustainable system, or asset. Bybit claims that 100% of customer funds are kept in a cold storage air gapped environment, and the only funds exposed to hot wallets for customer withdrawals are the company’s own funds. Claim up to $7,000 in Bonus. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. Comments: PrimeXBT is one of the best crypto exchanges I have ever worked on. United States of Minor Outlying Islands. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Due to recent market changes, we are delisting KLAY/USD for CFD platforms, and KLAY/USDT for CF platforms. Trade: Details of orders and positions can be found on the trade page. However, diminishing negative histogram bars suggest a potential shift in momentum. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. PrimeXBT accepts both fiat and cryptocurrency deposits. Once your account is verified, you can start to fund or withdraw from your account. 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. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. PrimeXBT does not charge any deposit fees. These products are not suitable for all investors. I strongly advise against it. Invest time and effort in learning and refining your short selling skills through educational resources, trading courses, practice accounts, and networking with other traders. Beyond cryptocurrencies, you can also trade forex, commodities, and indices said Kyle, our crypto specialist who recently reviewed the exchange. Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. You can short Bitcoin in the following ways. Updated September 2, 2023. By following a few simple steps, new users can easily access this promotional offer and start trading without any initial financial commitment. While these features are indeed impressive, the durability of the trading ecosystem they belong to raises questions.

Automated Trading: Not Recommended

Prime Technology Ltd is PrimeXBT’s Technology Provider. Join 1M+ traders who choose PrimeXBT as their go to trading platform. We strive to ensure smooth transactions, but occasionally there might be sometimes delays. Spot ETH ETFs saw record inflows of $333 million on Friday when it outpaced spot Bitcoin inflows of $320 million. Understanding these aspects is crucial for navigating PrimeXBT effectively and ensuring compliance with local regulations. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. PrimeXBT offers an award winning crypto futures platform that supports copy trading. If you asked the average person on the street to sum up 2022 in crypto, there’s a good chance they’d tell you this was the year the technology died. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. Hedging capabilities let traders offset risks. Still, the platform’s global community grows rapidly, and with it, so do its liquidity, performance, and reputation. You decide that the pound will continue to look weak going forward, as the economic figures coming out of the United Kingdom continue to nosedive.

Leverage and Derivative Traders: Perfect Match

This lack of liquidity can limit the flexibility of token holders, especially if unforeseen market developments or attractive investment opportunities arise. The available leverage ratios vary depending on the asset being traded. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Com and use this Primexbt coupon for your purchases. The winners of the tournament receive a cash reward. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. This includes cryptocurrencies, forex, commodities, and indices, allowing traders to diversify their portfolios and capitalize on various market opportunities. In other words, you are quoting the first currency in terms of the second one. This diversification goes beyond merely spreading risk across different asset types; it’s about leveraging the interconnected nature of global markets. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Note ✍️: There are also financing fees on PrimeXBT which are dynamic. A disciplined approach is vital to navigating these risks effectively. Define clear entry and exit points for your trades. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. HODL makes sense for those that have no idea what to do with their investments, as it doesn’t take much effort or thought. This is achieved by borrowing funds from a broker to purchase a larger position. 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. Open the downloaded file and tap Install to complete the installation. Our aim is indeed to provide a unique trading environment where traders can access not only a wide range of cryptocurrencies but also explore markets such as forex, commodities, and indices—all in one place. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. Trading fees on PrimeXBT are straightforward, with a flat rate of 0. PrimeXBT poses a reliable one stop solution for buying and trading over 30 cryptocurrencies, including Ethereum, Litecoin, Bitcoin, Ada, Avalanche, and Tron. You decide to close the trade once the pair reaches 1. You place a market order to do so, but the market price is moving quickly. Thank you for choosing PrimeXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Attend exclusive PrimeXBT events, network with other clients and learn new skills.

Doesn’t currently offer lending or borrowing against your stored funds

By having a larger position, requires you to have more margin, ultimately reducing exposure risk. PrimeXBT provides 24/7 customer support via live chat and email. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. However, cryptocurrency trading with PrimeXBT includes a 0. Hopefully you are now relatively familiar with what is equity in Forex, but you also need to consider all the things that may affect your equity. The world of cryptocurrency continues to push the boundaries of what’s possible in digital finance, and non KYC crypto exchanges are a perfect example of this evolution. There’s nothing that I dislike yet, will review after some time but so far so good. The biggest disadvantage when you trade futures is that it requires more technical knowledge and experience than spot trading. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Visit PrimeXBT Platform and get 35% on Your First Deposit. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. As a crypto trader, I must say prime XBT is a great platform due to its multifunction.

Trading platforms Comparison with competitors

Choosing the right Forex account type is crucial for your trading success. Each wallet consists of a private key and public key acting as the address. This website is owned by PrimeXBT PTY LTD. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. For traders holding positions over the long term, understanding the implications of interest rates is crucial to maintaining profitability. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. We’re here to support your trading journey and ensure you have all the resources you need for a successful trading experience. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Fees vary depending on purchase type. 🤖 Mean reversion is the financial theory that Scambio PrimeXBT asset prices will tend to move towards their historical average over time.

Web3 Starter

Select the ‘Deposit Crypto’ option. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money. A trade on the GBP/USD CFD contract has a margin requirement of 0. The account verification process is the first and most crucial step in ensuring secure transactions on PrimeXBT. What Makes EUR/USD the Most Traded Currency Pair. By signing up for PrimeXBT email newsletters, you’ll be among the first to know the latest updates and happenings from PrimeXBT. Like many exchanges, Bybit has different individual KYC levels users can opt to complete, including Non KYC, Individual KYC Level 1, and Individual KYC Level 2. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. I found out it was impossible. With cash accounts, customers can only buy and sell assets to and from cash. Margin trading is a powerful tool that must be harnessed with caution and care. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. For example, withdrawing Bitcoin may incur a fee of 0. PrimeXBT uses advanced charting tools that offer various types of charts, including candlestick, line, and bar charts. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Even so, Binance has set itself apart by offering an insurance fund for user assets. Minggu 07:00, 09:00,17:00. Switching markets and searching trading pairs on PrimeXBT is straightforward.

TABLE OF CONTENTS

Information regarding past performance is not a reliable indicator of future performance. However, depositing or withdrawing fiat currency will require KYC identity verification. Platforms that offer leverage, especially ones that offer up to 200x leverage, are incredibly risky and should be used by professionals who comprehend the risks. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. These products are not suitable for all investors. The best crypto exchange should support a wide range of assets, allowing you to diversify your portfolio. PrimeXBT Trading Services, S. The platform also offers 0% commissions on CFD trading pairs, including global Forex, Commodities, and Indices. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. It has built a solid reputation for reliability, security, and advanced trading features, especially around futures trading. While PrimeXBT impresses with its wide selection of crypto CFDs and crypto futures, its overall instruments offering has a rather narrow scope.