FAQ About Trading on PrimeXBT in the United Kingdom

A market cycle is a full bull market trend, followed by a bear market trend, which then repeats. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The rate can be either long to buy or short to sell and depends on the specific futures contract. 2 of PrimeXBT’s Terms and Conditions. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page. Other Cryptocurrency markets are often motivated by new projects or innovations – like the most recent tokenization of Real World Assets, or other exciting projects hosted on the Ethereum network. You can pop out and rearrange elements to match your workflow. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms.

Top 10 PrimeXBT Alternatives and Competitors

Crypto futures definitely offer some great advantages, and we’re here to help you make the most of them. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. After submitting your information, the transaction will be processed instantly, and your funds will be available in your PrimeXBT account. Withdraw– Crypto only. Your welcome deposit bonus amount will reflect in your wallet in the form of BTC. It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. 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. PrimeXBT is undoubtedly amongst the leading cryptocurrency exchanges, but unlike many of its counterparts, the platform also supports the trading of legacy market products such as stocks, commodities, and forex. High leverage and the unregulated nature of PrimeXBT introduce heightened risks that traders must be willing to accept. 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. Whether you’re new or seasoned, it’s a solid choice. The usage limit of promo codes varies. Visit our Help Centre. Especially if you favour longer term strategies where you often hold positions open overnight. Technical analysis involves studying price charts and using various indicators to predict future price movements. Its broad asset diversity attracts both new and experienced traders. Date of experience: June PrimeXBT team 30, 2024. Always do your research before investing, and be prepared for potential losses. PrimeXBT’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. Aside from the trading interface, Bybit is quite nice to use in terms of navigation. Larger positions will require more margin and hence reduce exposure – and subsequently broader risk. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. “The industry standard Chainlink Proof of Reserve is critical for providing transparency into the reserves backing 21BTC, helping to secure its minting function and supporting its widespread adoption across the Solana and Ethereum ecosystems,” Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21. Use the 1 hour or 30 min charts to do so. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. However, judging by the reviews on the Internet, PrimeXBT users have not had any problems with hacker attacks or other issues regarding the security of the platform’s activities. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users’ trading activity to their respective identities. Compulsory address whitelisting can also prevent any unauthorized access leading to an account being drained.

◾️I didn’t receive a withdrawal confirmation email

Yes, many trading platforms, including PrimeXBT, offer a referral program where you can earn commissions or bonuses by referring new traders to the platform. Scan this code to download app. The Special Welcome Gift allows them to enhance their portfolios and gain knowledge. CoinEx offers a huge range of investments and products, with more than 600 cryptocurrencies available for spot trading, margin trading, and futures trading. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. They will hold some in a wallet and trade other coins, perhaps on a CFD platform like PrimeXBT. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. 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. © 2024 The Money Mongers. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. PrimeXBT may liquidate positions at any time, irrespective of profit or loss status. Usually its market value drops, but that’s if there isn’t demand for said token. You will find us in the Centre of Rhodes City in Gallias 9, Str. A verification email is sent to the trader’s email ID; after clicking that link, they are automatically logged in to the account. Each strategy has its own set of rules and is suited to different market conditions. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The platform offers advanced trading tools, competitive fees, and a user friendly interface. This allows me to realize my trading potential. Embark on a collaborative trading journey with PrimeXBT copy trading feature.

Fees

We work with top providers like Fireblocks for cold storage, as well as insuring your funds. But this approach can serve as a shield to protect themselves from being accountable for fraud. 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. I think its time for me to write my first primexbt review after trading for sometime. Common problems include pending withdrawals, exceeded withdrawal limits, and network fees. You can effectively hedge your physical BTC exposure by entering a short BTC/USD position. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. However, there were a few areas of disappointment. PrimeXBT, in contrast, offers a comprehensive range of trading instruments, including cryptocurrencies, forex, commodities, and indices. These services are governed by the legal terms and conditions of PXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. In the result of our compliance team or any PrimeXBT team member discovering a user has provided misleading information about his or her residency, the user will immediately have their trading account restricted. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, and financial instruments, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. New order quantity is defined by the quantity selector near the trade Red/Green buttons. The platform has become popular for traders looking to access high leverage and is available in over 150 countries worldwide. Returns or profits may be subject to capital gains tax. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. Mengalami pilihan deposit dan pengeluaran tanpa kesulitan dengan PrimeXBT. Losses can exceed the initial investment. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date.

Backlash and jokes

PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. This can be a passport or other form of identification. Reply from PrimeXBT Copy Trading. This process is designed to enhance the security of your transactions and account. Even so, Binance has set itself apart by offering an insurance fund for user assets. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. It should be noted that if the price isn’t hit, including being “jumped over”, the order may or may not be triggered, depending on whether it is used as protection or simply to enter the market. Prime Technology Ltd is PrimeXBT’s Technology Provider. The following infographic explains Market Order, Limit Order, Stop Order, Protection Order, and OCO Order in detail. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. No, US citizens cannot use the PrimeXBT account as the platform restricts access to its services for users or residents of the United States of America. ApeX Protocol: Trade Crypto. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. During this period, the project has attracted the attention of a large number of users from around the world. 05% for most trades and providing special rates for crypto futures. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Withdrawals are generally processed by the broker once each day between midday and 2pm GMT.

Get notified about PrimeXBT outages

Active users across the world. This potential for amplified profits is what entices many investors to use leverage across Bitcoin Futures and other assets. Past Performance and Materials: Past performance is not a reliable indicator of future results. It is worth noting that Perfect Money charges the 1. How to Spot an Unsafe Crypto Exchange. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. 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. As you close the trade, the margin is automatically returned to your account balance. 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. Another strategy is to leverage the tools and features offered by PrimeXBT. Receive the latest news and stay informed. Interestingly, PrimeXB has an entire section on its website going into detail about the various security protocols it uses. The term « Bitcoin pizza » is used to refer to the first known commercial transaction involving BTC. This innovative exchange platform is one of the few Bitcoin based exchanges offering CFDs for trading with high leverage options. The platform provides a suite of drawing tools, including trend lines and Fibonacci retracement, as well as various chart types like candlestick, bar, and line charts. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. However, given certain regulations, there are some countries that they do not accept traders from. This system connects directly to the internet to access the crypto assets, so these are hot wallets that are always connected to the internet at all times. 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. Any user experience should be simple to use for even novices, but offer enough depth for professionals. PrimeXBT supports trading the major Forex pairings, crosses, and exotics.

PrimeXBT Deposit Options

One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. On their web page, they are officially registered in Seychelles with offices in St Vincent and the Grenadines. TopAsiaFX is the place for all your forex trading needs within Asia. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. 6 BTC position, you would take away a profit of $4,000. 01% maker fee, and a 0. Learn more about Baksta’s Legal Terms. Information regarding past performance is not a reliable indicator of future performance. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. 📱 Dive into PrimeXBT’s trading app for access to 100+ markets with trades starting from just $5. But how well does it work in reality. Depositing is easy and friendly.

Risk warning

Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Visit our Help Centre. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Go to Settings > Security and enable Install from Unknown Sources if prompted. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Additionally, choosing the right time to enter and exit trades can help minimize costs. Best regards,The PrimeXBT Team.

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Click Download and confirm the file download if you see a warning. This amount is required to create a strategy, and they will be temporarily blocked until trading on the strategy is completed and the strategy itself is closed. Moreover, users can conveniently transact in US dollars. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. There is also the additional option of multi factor authentication, provided by Google, requiring both the account password and a personal smart device with the Google Authenticator app. 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. This has streamlined the job of the Polkadot, but it’s also worth noting that there have been exploitations of the Polkadot ecosystem, causing millions of dollars in losses. The KuCoin exchange has had years to work on its level of security and implements the use of leading edge blockchain technologies and security protocols such as two factor authentication 2FA, KYC know your customer verification and more. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. PrimeXBT is a technologically advanced cryptocurrency exchange suitable for both beginners and professional traders. It is advisable to invest in crypto only if you have a high appetite for risk. Each pair consists of a base currency and a quote currency. Since then, though, a market recovery has seen the price of ADA go up and on 16 February it was worth $0. 10% for makers and 0. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Best regards,The PrimeXBT Team. 20 x 60 = $ 1200 profit. 🛡️ With a spotless six year security record, PrimeXBT credits its success to rigorous protocols and industry leading standards, never experiencing hacks or compromises.

Gaurav Roy

Their crypto derivatives volume is ranging from top 25 70 out of all exchanges. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. 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. However, insurance coverage is still rare within the crypto industry. 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. BitFlyer is a cryptocurrency broker based in Luxembourg that launched its service in and offers individuals to buy and sell more than 4 cryptocurrencies. The registration procedure is quite simple, it takes just a few minutes. A withdrawal requested before 12:00 UTC will be processed on the same day. There are many other investment opportunities out there that aren’t as volatile. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. It has a market capitalization of @ and trades under the ticker @. 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. The required margin can be as low as 1% for a 100:1 leverage ratio. Crypto futures are definitely an exciting option to dive into. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. This would require you to sign up for an account from every single website and app you use. Thank you for choosing PrimeXBT. Exchanges like PrimeXBT that cater to a global audience need to offer multiple payment options that suit their different clientele. EToro might be a good fit. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. The PrimeXBT mobile app mirrors all the functionalities of the desktop platform. PrimeXBT offers the only all in one platform that allows clients to buy and sell Crypto, and use them to trade 100+ popular markets including Crypto Futures, and CFDs on Crypto, Forex, Indices, Copy Trading, and Commodities. Tick the Privacy Policy and Terms of Conditions checkbox.

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Moreover, the platform makes excellent use of liquidity provided by notably larger exchanges and market makers in the industry by pooling it. However, during busy periods, it might extend to 3 5 days. Margin trading allows you to leverage funds provided by a third party for asset transactions. The platform offers leverage as high as 100x or more on select assets, enabling traders to control larger positions with smaller capital. 05% for cryptocurrency trades, 0. This bonus is designed to increase your trading capital but cannot be withdrawn. Users can use isolated margin and cross margin as well. Below are the steps to follow when trading Litecoin. Nowadays, everyone prioritizes the security of a platform. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. Learn more about Baksta’s Legal Terms. PrimeXBT is a leading trading platform that has gained significant popularity among traders for its versatile offerings, high leverage, and user friendly interface. A dynamic trading platform that offers a blend of cryptocurrency, forex, and CFD trading with advanced features like copy trading and customizable contests. Please refer to Affiliate Disclosure. Trading Fees: The platform charges a flat trading fee of 0. These fees are not determined by PrimeXBT but are directly related to the network fees of the respective blockchain. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. Qualifications are essential requirements that participants must meet to be eligible for rewards in PrimeXBT contests, especially if they place in the top three positions or as specified in the contest details. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. In case, your account falls low on the credit balance, your service is never interrupted or blocked instead Blockonomics offers you a 30 day grace period to reload your account and fulfill the payment. The writing and editorial team at DayTrading. If your wallet address is linked to you via another means, then there’s no anonymity. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

Cryptocurrency Buy, Sell and Fiat Exchange

Our human support team is here to help 24/7, in your language. This means traders can benefit from price falls or downtrends. Trade 100+ markets like EUR/USD and SP500. Next, you will be required to provide a scan copy of a document confirming your identity. Once a withdrawal has been requested, users will have to wait for the PrimeXBT team to process it as withdrawals are manually processed. PrimeXBT offers only 72 assets across four sectors but is slowly adding to its total asset selection. No, Bybit does not offer copy trading features. We will now look at strategies to manage and minimize overnight fees on PrimeXBT. Overnight financing charges, often called swaps, are dynamic with the broker and may change from day to day. A trader can use such a trend to profit through short selling Bitcoin. As with any Cryptocurrency, ADA prices remain highly speculative over such long time frames. Let’s say you want to buy $100,000 worth of bitcoin but only have $2,000 in your trading account. They offer 24/7 customer service, lots of educational materials, and the PrimeXBT Academy.

PrimeXBT what is it?

In total, participants of the copying service can have 4 levels: Standard, Advanced, Premium and Elite. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Below are examples of the popular technical analysis indicators in the market. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Only one Reward promo type may be active at a time. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. Scan this code to download app. One such solution is being offered by the company that democratised and made personal computers accessible to everyone – Microsoft – in the form of their Microsoft Entra Verified ID. Information regarding past performance is not a reliable indicator of future performance. Here are the basic steps to buy crypto without KYC verification. At PrimeXBT, we’re committed to giving you quick access to multiple markets. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. This gives a leverage ratio of 10:1. However, there were a few areas of disappointment. That being said, if you are going long, you can still use margin. Bybit’s interface is designed to be user friendly while providing powerful tools for experienced traders. The maximum price could reach an impressive $0. Scan this code to download app. Trade volumes of $3,500,000+ CFD and Crypto Futures.

Open free account

PrimeXBT offers mobile apps for both iOS and Android, enabling you to trade on the go with the same functionality as the desktop platform. Enter Withdrawal Amount. Even though Polkadot seems to offer some very appealing infrastructure, making a Polkadot price forecast or its underlying token DOT price prediction can prove challenging. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Prime XBT Trading Services, S. Despite this, its reliability and fast order execution make it a top choice for traders worldwide. 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. Thus, for your long trade the commission will be 0. 30 for the first half of 2025, and then see it break the $0. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 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. 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. PrimeXBT bonus amount that you receive is directly proportional to the cryptocurrency that you deposit. It does not matter if your government has banned a particular crypto exchange in your nation. He said that it would have been “better to just relicense it and donate it to a foundation that’ll ensure it’ll have proper enterprise developers. Financial news, financial securities, analysis of economic situation, finance, investment opportunities, currencies, foreign exchange rates are fully updated at. Do not fall victim to the Bystander Effect and think someone else will report it.

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Readers should do their own research. PrimeXBT is a broker to keep an eye on. This Bitcoin will be then automatically transferred to the BTC wallet address in PrimeXBT. To start trading on PrimeXBT, setting up your account is a breeze: Simply provide your email and create a secure password. The Android app enables complete control over your entire trading portfolio, from making deposits and withdrawals to monitoring markets and managing any active margin trading positions. Our commitment to privacy is paramount, reflected in the meticulous design of our operations and infrastructure prioritizing personal data protection. Traders with their own funds will both receive more capital from investors and gain a percentage of the extra profits. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The award winning platform stands ready to be your gateway to trading excellence. How to verify Primexbt accountTo verify primexbt account, you need to do the following steps: Verify your face by scanning your face through the camera that can be at the webcam on your computer, laptop or the front camera of your smartphone. The trader uses stop loss orders to automatically exit the position if the price falls below a predetermined threshold, limiting potential losses. Sotiris Foraris – merupakan Pakar Kandungan di PrimeXBT dengan pengalaman lebih dari dua belas tahun dalam bidang kewangan. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. The PrimeXBT affiliate program offers single tier commissions, which means the affiliates earn commissions only on sales they generate. Heavy investors who process between 600 and 900 transactions a month can receive up to 50% transaction fees. These are not great for beginner and small time traders, but they are still very achievable for those trading derivatives frequently. But before doing this, be sure to independently study the technology, information about the developers and assess the risks.