Important information for users residing in the EU and UK

As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. PrimeXBT specializes in CFD trading, allowing traders to speculate on asset prices without owning them directly. The program offers discounts on trading fees based on the user’s trading volume and account status. Crypto industry,” he says. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. Plus it’s nicely customizable so that you can manipulate the trading tools and charts however you see fit. It offers all the features of the desktop platform, ensuring I can monitor and execute trades seamlessly from anywhere. Trading signals are indicators that describe what market to trade, at what price level to open a trade, and where to place take profit and stop loss levels. In April of 2021, a white paper was published as a roadmap for the future of both the Chainlink network and oracle networks at large. Below are examples of these tools. Libdogecoin is a library in C that developers will be able to use in the development of DOGE related projects.

PrimeXBT Customer Support

I started using their platform quite recently. You only pay a fee on winning trades, starting from 10%. These tokens are designed to provide traders with magnified exposure to price movements of various assets, either upwards or downwards. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. That’s why our Futures. Partners can also earn up to $2,500 CPA per qualified client. Hence, once you finish setting up your account, you can start trading with no restrictions. Let’s face it, we all like technical analysis. It then validates the data from every source and compares multiple sources. How are Commodity Brent, Crude, and Nat. So, watching the market at a shorter time frame may reveal upcoming movements or may help confirm a Dogecoin price prediction you’ve made earlier. 🌟💹 CryptoAwards PrimeXBT CryptoExpoDubai. Remember, you can short BTC on XBTPrime. PrimeXBT also conducts regular security audits and employs advanced cybersecurity measures to stay ahead of potential threats, ensuring a secure trading environment for its users. The total number of different crypto pairs that’s available to be open page traded on this specific exchange. Our website uses cookies. The PrimeXBT mobile app is designed to provide a seamless trading experience, ensuring that traders can access their accounts and the markets anytime, anywhere. Dear Angelina,Thank you for your positive review and for choosing PrimeXBT. Most platforms offer a simple way to filter through the trading results of experienced traders, making it easy to find the one that best fits your trading style and risk tolerance. Plus the fact that PrimeXBT has over a dozen integrated liquidity providers should ensure that you can execute safe and profitable trades here.

Company activitySee all

If this is something that you would like to get involved with then you will need to get your referral code. The customer support team appeared to be quite responsive. Traders can even customize colors, grids, spacing, and lines on the platform. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. It also gives them the ability to reach out to customer support right there in Telegram. Building a trading strategy is difficult, as it requires finding a method that works for the trader, as well as one that fits the market that they are operating in. PrimeXBT integriert TradingView Charts in seine Plattform, was es mir ermöglicht, fundierte Analysen vorzunehmen und Handelsentscheidungen auf Grundlage technischer Indikatoren zu treffen. To Win: Finish with the highest profit %. Prime XBT Fees and Spreads only charge two types of fees – the trade fee, charged for entering the position, and the overnight fee, which is for financing the position. Speedy execution and high leverage benefit traders across crypto, forex, and commodities markets. Activating the promo code Xmas1000 gives users a deposit bonus of $100 when depositing at least $1,000 in crypto. One of the major advantages of PrimeXBT is its all in one platform. Does PrimeXBT have low fees. Futures accounts can only be funded by transferring existing funds from your wallet—if you don’t have the correct crypto for the market you want to trade on then you’ll have to either deposit it or trade some of your existing currency for it on the Global Markets. If you find or are approached by an organisation, exchange or broker that allows you to buy crypto without KYC, be careful, as you might be engaging in illicit transactions and may face numerous legal challenges and regulatory risks. Initial protective stops are placed the other side of the pin bar tail/body to allow for wiggle room in case of slight breaches. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. For the most part, it is used as a brokerage service through which you can buy and sell assets like BTC, ETH, and other cryptocurrencies. We’re here to help ensure your trading experience continues to be positive and successful. We noticed that the platform lacks TradingView support and instead relies on an in house charting system. The coin captured the imagination of traders in 2021, running very hot, right along with the rest of the crypto bubble. Active for 537 days, it manages 1. External link for PrimeXBT. Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears.

Fiat Money

Speedy execution and high leverage benefit traders across crypto, forex, and commodities markets. Create Crypto Invoices in 2 Clicks and Accept Crypto Donations. It is essential to comprehend the nuances of margin trading before putting any trading capital at risk. Fast forwarding to 2027, our expert opinion holds the price trajectory of ADA stable. 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. However, please keep in mind that a losing trade offers a bigger than normal loss as well. Whether you’re new or seasoned, it’s a solid choice. Deposit in: Bitcoin and altcoins. Similar to long trades, leverage magnifies your gains. Buy Sasol SharesBuy MTN SharesBuy Vodacom SharesBuy Capitec SharesBuy Shoprite SharesBuy Naspers SharesBuy Phuthuma Nathi SharesBuy Steinhoff SharesBuy Woolworths SharesBuy Old Mutual SharesBuy Anglo American SharesBuy Sibanye Stillwater SharesBuy Telkom SharesBuy Purple Group SharesBuy Sanlam SharesBuy Thungela Resources SharesBuy Prosus SharesBuy Kumba Share. Keep in mind that this is an extreme example, but this is some of the best and worst of leveraged trading. Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. Each of these funds is rated by total capital and ROI. 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 appeals to those focused solely on trading without the distraction of additional crypto related services like lending, borrowing, or staking. Moreover, the platform makes excellent use of liquidity provided by notably larger exchanges and market makers in the industry by pooling it. By carefully managing their risk and capitalising on a well timed market move, the trader manages the power of leverage to achieve a profitable outcome. Unlike in the traditional fiat system, cryptocurrencies are decentralised. Smart contracts are not supported, as the chain is used to provide coordination of the overall ecosystem, including public and private parachains. It is if the trader is skilled. On the other hand, there’s a flat 0. This flexibility enables hedging, diversification, and leveraging market fluctuations. It’s all a case by case scenario. If these emotions govern their decision making, the market prices can be affected. Before you start, you would have to fund your trading account.

Restricted Jurisdictions

Keep in mind that withdrawing any amount from your trading account to your wallet will void the bonus before its expiration a month after activation. Limit orders are used to specify the maximum/minimum price that a trader would buy/sell an asset for. Any challenges or limitations in Ethereum’s development could indirectly affect Chainlink’s performance and functionality. When the market hits your stop loss and you get stopped out, the maximum loss should not exceed 2% of your trading account size. However, customer reviews are mostly positive with limited accusations of it being unsafe. If paying in USD, Simplex will charge 5% fee minimum $ 10, if paying in other coins, an additional 5% conversion fee. Comments:Overall Prime XBT is the best option for crypto currency. PrimeXBT similarly charges withdrawal fees that are contingent on the blockchain network. Yes, you can short Dogecoin. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Visit PrimeXBT Platform and get 35% on Your First Deposit. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Brokers by Account Type. A pin bar is a candlestick pattern with a long tail or wick relative to its body size. Therefore, with PrimeXBT, you can keep track of your positions, open new ones and even add more assets to your wallet from anywhere. The lack of fiat trading pairs is also a con for investors. Additionally, if bitcoin threatens countries’ monopolies on money due to widespread adoption, governments could move to restrict it. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources. Read our guide on margin trading to learn about cross and isolated margin trading. Courses break down complex topics into easily digestible lessons. At PrimeXBT, we protect your account by liquidating whatever is necessary before losses overwhelm you. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US Treasury Department. Dear Mat,We’re sorry to hear about your concerns regarding the welcome bonus and the withdrawal process. However the company itself says they don’t have any official presence on BitcoinTalk and that it may have been a scammer trying to cheat people out of their funds.

Share this article

You can also sign up using your Apple or Google accounts. At the same time, demo accounts are also an excellent way for new traders to get used to the platform and start getting a feel for trading and the market. Traders can trade major and minor currency pairs like EUR/USD, USD/JPY, GBP/USD, USD/SGD, and other Forex CFDs on PrimeXBT. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. On the other hand, in the same scenario – if you are unsure of the range at which a reversal will happen, cross margin should keep your position open long enough to capture that reversal. Copy trading allows you to automatically copy the traits that more experienced traders make, without having to analyze the market yourself. Share your unique link and earn from your referrals’ trading commissions. Dogecoin is expected to go up according to technical analysis charts and expert price predictions and forecasts. Stellar aims to expand its partnerships and increase adoption in various industries.

Editorials

Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. Day Trading is a very broad and encompassing way to make money, but it is a way that most people can start to make money. Whereas, PrimXBT provides a high frequency trading experience with simple order books that can handle high pressure margin trading situations and ensure no order slippages. All you need is a valid email address, mobile phone number, and a password. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Whether you’re a new trader learning the ropes or a seasoned pro, PrimeXBT has resources that will perfectly fit your experience level. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. It offers a comprehensive collection of learning materials, including articles, tutorials, and videos, covering a wide range of topics such as trading strategies, technical analysis, risk management, and platform features. With it, you can adjust the account equity risk from a value as low as 0. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. 6 months ago 314 views. When trading on leverage, traders can potentially enhance their returns by a certain factor. As you can see, using margin can be a helpful tool, but it also can be very destructive if not used properly, and with a stringent money management plan. Just go to “My Strategies” tab, and click on “Open new strategy”.

JonathanCortez99

PrimeXBT deposit amount required in order to open a broker account is $65 / R1 112,72. It supports more than 1,900 crypto trading pairs. Pro Tip ✔️: Use a block explorer to monitor the confirmations. The exchange is available to traders, and its primary cryptocurrency features include copy trading and margin markets. The entire turbo trading platform is available for mobile devices, regardless of whether it is Apple or Android. Note, the program is exclusive to PrimeXBT accounts. This could be ideal for those who like to trade with technical analysis. Withdraw– Crypto only. Covesting is an innovative copy trading platform that pursuant to a white label licensing agreement, brings together PrimeXBT and Europe based fintech software developer, Covesting, which helps connect traders with followers, enabling them to profit from one another synergistically. An OCO order allows you to combine 2 different orders under special conditions – once one of the orders is triggered and executed, the second order is automatically cancelled An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. There are many different versions to choose from, such as SLV, which tracks both silver and silver related companies. 002 ETH per transaction. Unfortunately, there is no “magic formula” for copy trading. The intent was to prevent money laundering risks. It further supports multiple currencies and plans to expand this selection, including fiat options. The world of margin trading is a battlefield where both triumphs and tribulations can unfold.

Web3 Starter

For any traders unsure if going through a KYC process is right forthem, here are 6 things you should know about KYC. A cryptocurrency is a type of digital currency created using blockchain technology, which excels in providing rapid transaction speeds and heightened security during transaction processing. 01% on crypto futures. Prize winners The lucky winners. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. 1️⃣ Visit the PrimeXBT homepage and tap the Register button in the top right corner. You can update your choices at any time in your settings. Please keep in mind that PrimeXBT does not control the markets and all our clients get the same market conditions. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. 🌟 Hey there, curious investor. At PrimeXBT, we’re turning up the heat during the Euro 2024 tournament with an exclusive giveaway that could see you. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Please adhere to our Community Policy for writing reviews. Returns or profits may be subject to capital gains tax. To be fair, this might not be a huge demerit, for the simple reason that x200 leverage is extremely high, and so most derivatives fans who would be enticed by this may already be equipped with a deeper understanding of market dynamics. PrimeXBT partners with various fiat to crypto exchange services, allowing users to purchase cryptocurrencies with bank cards and have them directly transferred to their PrimeXBT wallet. The PrimeXBT app brings the power of trading to your fingertips, ensuring you never miss an opportunity in the dynamic world of finance. Reviewed by Brian Dean Nibley. Coinpanda integrates directly with PrimeXBT to simplify your tax reporting. Type below and hit enter. Once a deposit has been confirmed, the funds will need to be moved to from the Wallet to the Trading account. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Thank you for choosing PrimeXBT. As such, the enactment of a federal law should ban such things from happening. These are hosted on AWS web servers which are known to be one of the best in the industry. Techopedia’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. The chart below shows the financing per day on both long and short positions.