REST API

Receive the latest news and stay informed. As the platform’s native utility token, it serves multiple functions. While you’ll be limited in what you can do with an unverified account, the Level 1 KYC asks for minimal personal information you’ll just need to provide your country and name. In highly liquid and stable markets, limit orders can be more effective. Once logged in, users are welcomed by a new Home section. This could happen if you shared your account credentials with someone else, or if your password had become compromised. The stop loss order is placed at a point where you admit your trade idea hasn’t worked out. 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. 🌎 PrimeXBT Official English Speaking Community PrimeXBT is an all in one platform for all your trading needs. Create a FREE account and. However, depositing fiat currency requires KYC verification. As a derivatives trading platform, PrimeXBT does not offer any spot markets. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. The initial coin offering for the COV token took place in November and December of 2017. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. They have also designed this platform around “widgets”. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. You can find all of this information right here at Crypto Parrot. 1%, and variable overnight swap fees tailored to each asset. 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. A few strategies can help you save on taxes. Virgin Islands, Northern Mariana Islands.

PrimeXBT

Thanks to PrimeXBT’s data rich leaderboards, it becomes easy for copy traders to pick the absolute best managers to follow based on fully transparent historical performance data. 1 XLM can be split into smaller parts and the smallest value available is 0. Do not waste people’s time. Transparent regulated cryptocurrency exchanges, are more likely to have KYC compliance and have KYC measures in place. Today’s PrimeXBT Top Offers. Further, the platform aims to offer services and products that users require in their day to day trading life. Your reduction should be applied to your cart and the price should be reduced as well. 01% make active trading affordable. Com ReviewRoboforex ReviewIC Markets ReviewForex. This was indeed also our experience. PrimeXBT offers an award winning crypto futures platform that supports copy trading. Remember that the price per point of a standard lot in the GBP/USD pair is worth $10, so it is simply a matter of multiplying the distance traveled in points by the worth of each contract. Scan this code to download app. Similar to Bitcoin, Litecoin is a digital currency that is expected to experience significant growth in the long term. If you are still unable to find the email, please whitelist. Due to its immense promise,. Each account can have up to 20 subaccounts. As a P2P trading site, there are no withdrawal limits, but there are limits to the number of contracts, active offers, and volume allowed for a single trade. Date of experience: July 30, 2024. Their fees are typically less than $2. KYC www.primexbt.com ฟอเร็กซ์ is optional on PrimeXBT. Choosing the conditions that best fit your trading strategy, your trading plan, available balance, and your financial goals is most important.

15 Best No KYC Crypto Exchanges in 2024

Well, the extent of their service can’t be summed up in a simple paragraph so our team has compiled a thorough review for all of our readers to make use of. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. Withdrawal: Conditions not known, Contact PrimeXBT Support. Cinnamon stands out with an astounding all time profit of 1126. This page is frequently updated with new PrimeXBT offers, so it’s worth regularly checking back for the latest savings opportunities. 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. The platform has provided the option to add a range of different widgets for trades. Choose your wallet or one of your trading accounts to deposit to. Bitcoin was the first cryptocurrency ever to be created, and it today is the number one decentralized digital asset ranked by market capitalization. Alternatively, if you want a more risky trade, you can go ahead and open a larger position. Funds can also only be accessed via multiple signatures reducing the risk of one compromised party making unauthorized transactions. Scan this code to download app. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Please note that the UK FCA does not consider cryptoderivative products suitable for retail investors. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. If you require professional advice that takes into account your particular circumstances, you should consult an appropriate professional. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Instead, the best protection is simple awareness and prevention. Copy trading is a fairly new addition to the Bybit platform and it saw a warm welcome from many of the users on the platform, quickly becoming a widely utilized and popular copy trading platform. For example, if you deposited with Volet, you must also withdraw using Volet. Hello Sompong,Thank you for sharing your positive experience with PrimeXBT.

Merits of KYC Implementation in the Crypto Sphere

PrimeXBT is a trading platform providing tools for users to purchase, trade, and manage their investments. Reply from PrimeXBT Copy Trading. Leverage offered and margin requirements vary from platform to platform and can change depending on market conditions. Therefore, Namibians must consider this when they calculate trading costs. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. Authorization fields are required. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings. Use of this site constitutes acceptance of our Terms of Service. To transfer Crypto to your trading account,. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. On PrimeXBT this problem does not exist, because you can manage your positions on the go. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. 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. Bitfury’s Crystal software and blockchain analysis tools in action. An update dubbed EIP 1559 should theoretically cause ETH supply to be much scarcer over time. 02% for Crypto Futures, and a 0. Notably, there are no trust scores from CoinMarketCap and CoinGecko. This licensed financial services provider also supports buying crypto with SEPA bank transfers. Verification problems can prevent you from completing transactions on PrimeXBT. While KYC verification isn’t required upon registration, you’ll need to confirm your identity later for certain trades. Prime Technology Ltd is PrimeXBT’s Technology Provider. PrimeXBT offers flexible leverage options, allowing traders to customize their leverage according to their trading strategy and risk tolerance. Early Bitcoin investors saw the cryptocurrency as a potential replacement for the dollar. Instead, after completing a trade, the coins are instantly added to your wallet. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Users are required to verify their accounts to deposit and withdraw Fiat currency.

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Stay tuned to our blog for more updates on new features and enhancements at PrimeXBT. 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. Developing a solid trading strategy and adhering to best practices will enhance your chances of success. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. However, there’s also the daily funding rate that you have to consider since this is leveraged trading. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. For investors keen on testing their trading skills, PrimeXBT’s Contests are a must visit. As they fall, so does SHIB. The software is web based, with no option to download a desktop version. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. The exchange does not currently offer fiat off ramps for withdrawals. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. The regulatory framework is different among countries, and it is always important to assess your country’s regulations to ensure that you do not fall into legal trouble.

Referral Program

Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Profit Calculator WidgetCurrency Correlation WidgetPivot Point Calculator WidgetMargin Calculator WidgetPip Calculator WidgetLot Size Calculator WidgetCurrency Forward Calculator Widget. Founded in 2018, PrimeXBT has quickly become one of the most popular cryptocurrency derivatives exchanges. Also, as a new user, you’re eligible for the PrimeXBT deposit bonus by using the bonus code. Reviewed by Registered Tax Agent 25963822. To generate an account statement, select the required Margin trading account, enter the desired statement timeframe and click ‘Statement’. We wish you great success in your trading endeavors. To activate a promo code on PrimeXBT, log into your account and either go to the ‘Hub’ section and enter the code under ‘Promo code’, or use the ‘Margin’ page. We may receive a commission for purchases made through these links. 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. It is not a PrimeXBT copy trading review, but rather, it has a more overarching focus. By May, BTC’s price had dropped back down below $63,000. As a typical rookie, knowing that this platform is mainly for crypto trading, I decided to start with global assets and forex pairs in particular. Best regards,The PrimeXBT Team. Other cons include the lack of regulatory clarity and an association with crime. Nuestro equipo, liderado por el propietario y CEO, cuenta con los mejores expertos en trading y criptomonedas. Temporary trading or deposit/withdrawal limits may be imposed until the required documents are provided and the CDD process is successfully completed. The educational and analytical materials have been worth it. 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. Best regards,The PrimeXBT Team. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. This means that it can serve as a repository for enormous amounts of data for end users. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Simple trend lines or moving averages are often used, along with basic support and resistance. Dogo rounds out the newcomer’s list with a monthly profit of 134. Additionally, PrimeXBT offers zero commissions for trading commodities, forex, and indices, making it cost effective for traders. Futures are high profit and high risk, while Options are less risky but still provide much profit opportunity or the chance to hedge spot positions. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users.

ByBit

What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. Reply from PrimeXBT Copy Trading. We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. Fees aren’t burdening whatsoever, very competitive ones. As mentioned above the main feature and benefit of cross margin compared to isolated margin is the ability to keep a trade open by using the account balance and realised P/L as its margin allocated, even if the market moves against it temporarily. Copy trading is ideal for beginners. The market shouldn’t be surprised considering Bitcoin might have had one of the most improbable vertical growth of any asset. Please report any and all suspicious behavior, possible phishing attacks, fraudsters, and imposters to our 24/7 support team at. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards. The trade fee is charged for entering a position, and the overnight fee is charged for positions held overnight. If you want to deposit, all you need to do is go to your account settings, select “Deposit,” and send BTC to the provided address. You will receive a 50% discount on trading fees until the coupon expires. To transfer Crypto to your trading account,. Stakers also face protocol specific risks, including potential slashing conditions, network upgrades, or vulnerabilities inherent to the staking mechanism. Simply navigate to the support section in the app and get the assistance you need, right at your fingertips.

What should I look for when trading Cryptocurrency?

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. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. The margin requirement is determined by the leverage ratio. Best regards,The PrimeXBT Team. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. Still, you will need to decide which Cryptocurrencies you would like to trade. Consider PrimeXBT for its advanced technology, versatility, top notch security, transparent fees, and extensive trading opportunities. 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. One is a crystal, the other is a metal. 5 million USD in funding. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. With just a 1% market move, you could either double your position’s value or liquidate it with isolated margin. The platform offers a very limited range of crypto futures markets and conditional orders. Reply from PrimeXBT Copy Trading. Therefore, soon, the market could be as regulated as the traditional financial sector. PrimeXBT establishes minimum withdrawal amounts for each currency to ensure transactions remain economically viable on their respective blockchain networks. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. This surge was influenced by events like Elon Musk’s tweets and mentions on platforms like Reddit and mainstream media coverage likely due to the Elon Musk connection. New users can claim a $100 welcome bonus on deposits of at least $500. It also gives them the ability to reach out to customer support right there in Telegram. Leveraged tokens provide traders with access to leverage, but without the liquidation or margin risks, which is a game changer. The platform is designed for traders with a higher level of expertise, implying a steeper learning curve for novices. Minimum order sizes, trade sizes, max exposure, leverage, and funding rates for longs and shorts, can be found here. Think of all the third parties having a finger or thumb in that pie and you can easily see why that’s so.

The Beginner’s Ultimate Guide to Buying Bitcoin in 2024

Compared to other platforms, Covesting has a very transparent operating structure. Unfortunately, many retail traders get into trouble by overanalyzing each little micro movement. If you ever need assistance or have feedback, feel free to reach out to. This company is among the fastest growing exchanges for cryptocurrency derivatives. This would be a partial stop loss order, as you still have some of your original position in play. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. These cryptocurrencies can be traded against various other assets, including other cryptocurrencies, traditional fiat currencies, commodities, and stock indices, depending on the trading pairs available on the PrimeXBT platform. Our website uses cookies. Buy Limit order in the France Index via PrimeXBT platform. The platform provides a variety of free deposit options for both crypto and fiat. Common Complaints and Issues. 55% across 58 orders. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. I noticed some guys believe that teh trading environment is quite ophisticated here and hard for perception,but I can’t claim the same. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. Macro factors like economic growth and regulatory clarity also play a role in determining investor appetite.

7 Best Bitcoin ETFs Of September 2024

1%, and variable overnight swap fees tailored to each asset. Withdrawals are generally processed by the broker once each day between midday and 2pm GMT. All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. Once the transfer has been confirmed, the equity on the margin trading account will change to reflect the new balance. To claim this bonus, follow these simple steps. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. 05% on crypto, and 0. Similar to Bybit, the UI/UX is clean and easy to navigate, with drop down menus that make finding your way around a breeze. With a margin account, the same $10,000 could be lost entirely with one improperly managed position. Charts allow traders to perform technical analysis to identify entry and exit points. 05%, which means if you trade $100 worth of Bitcoin, you’d only pay $0. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. Learn more about Baksta’s Legal Terms.

Equal

Here are some real world uses for Cardano as well as prospective collaborations that could broaden adoption. The fiat withdrawal process was straightforward but took a long time. The KYC process guidelines were drafted in the U. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction,. This is quite often a way to avoid a “false break down” in the market, when a major level is breached, only to see price reverse. This leaves Volet and Perfect Money as the alternatives. Key Features of PrimeXBT Margin Trading. Unlimited via Perfect Money. Like other similar crypto margin trading platforms, we can use PrimeXBT to speculate on whether a cryptocurrency is going to increase or decrease in value. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. PrimeXBT is thrilled to announce that our community now exceeds 1 million registered users. They have an amazing live support team that is available 24/7 as well. However, these positions are exposed to liquidation risk if prices were to drop. This leaves Volet and Perfect Money as the alternatives. We appreciate your patience and understanding as we work to address these concerns. 684 People Used Today. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. Refrain from linking posts on social media such as Telegram, Discord, Facebook, Twitter etc, except official social media content from PrimeXBT and Covesting groups and channels. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. Copy trading fees are also charged similarly. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Below, are the factors that make PrimeXBT stand out from the rest. The Prime XBT crypto exchange offers one of the lowest trading fees. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. This is a very strong range, which offers something for everybody. ” It also contains a connecting layer that allows the transfer of value and data between most blockchains. The responsive design ensures a consistent experience across both desktop and mobile devices, with the mobile version offering full functionality without the need for a separate app download. Minimum order sizes, trade sizes, max exposure, leverage, and funding rates for longs and shorts, can be found here. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative.

Important Notice

0, as delineated in their most recent whitepaper, will involve seven key areas, which also happen to be pain points for the network as compared to their competitors. Hedera Hashgraph HBAR. You can also trade manually using the financial instruments you choose. Moreover, users can conveniently transact in US dollars. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. Lastly, you can’t rearrange or resize modules on the desktop platform. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. 272 Fib extension, Dogecoin did the same thing during its second cycle. There are calls and puts, meaning that you are speculating on higher prices calls, or lower prices puts. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Yes, PrimeXBT and similar platforms often provide API access that allows you to connect your trading account to custom trading solutions, automate trading, or integrate third party tools and analytics. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. Referral Program: PrimeXBT offers a lucrative referral program. Added CDD spot checks to follow up on AML requirements also allows us to eliminate bad actors and prevent illicit financial activities. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and « noise » that overcomplicates many other platforms. However, with a historic bull run looming over the crypto market, leverage crypto trading might be a strategy worth considering right now. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. I am basically always fulfilling my plan, so I can withdraw good money as well. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities.