◾️What are Long and Short positions?

Prime Technology Ltd is PrimeXBT’s Technology Provider. This broad range ensures ample opportunities for portfolio diversification and access to emerging investment prospects. In the next section, we will explore the regulatory environment in which PrimeXBT operates and how it ensures compliance with various regulations. Robust platform with modern instruents,i like such ones, they help me to improve my skills. Maintaining detailed records of all transactions is crucial for accurate reporting and avoiding financial interest and penalties. Sotiris Foraris – is a Content Specialist at PrimeXBT with over twelve years of experience in finance. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Broker PrimeXBT di Indonesia Lucia. 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. London, City of London. ???? Additionally, we’ll guide you through the sign up process and highlight its pros and cons to provide a clear picture of its strengths and weaknesses. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. It provides a user friendly mobile app that caters perfectly to its core trader base and is a crypto forward brokerage. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. A complete stop loss order tells the broker to exit the entire position once a specific price has been hit. Well, I can give you some advice. Cryptocurrency, being a relatively new asset, has many people interested, but it can also be used for just pure speculation. Only for verified users. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. PrimeXBT requires only a 0. Navigation was intuitive, with all the essential tools and indicators just a click away. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors.

PrimeXBT Review 2025: Complete Exchange Overview

At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. Generally, the thing that takes up the most time for customer support staff is KYC verifications. So, these settings are getting more and more flexible with all platforms now. Com, Kraken, or Binance. Notwithstanding the absence of regulation, traders can feel somewhat reassured by PrimeXBT’s openness and dedication to security procedures. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Leverage amplifies your trading power, letting you control much larger positions compared to your initial deposit. By batching transactions together, the platform effectively reduces the cost per transaction on the network, benefiting users by lowering their withdrawal fees. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. This is to protect your account in the event of a wrong prediction on price movement. This process is simple and supports various cryptocurrencies. And it seems that their approach works, since they count four hundred thirty thousand members. To access Covesting Strategy Management for mobile devices, you must download the free PrimeXBT mobile app from the Apple App Store for iPhone or the Google Play Store for Android. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Its intuitiveness and simplicity provided a pleasant trading experience. Crypto Deposits: PrimeXBT offers free crypto deposits. Unfortunately, algorithmic trading is unavailable. They offer similar benefits and an intuitive user experience, making it a viable option for users seeking effective copy trading solutions. As such, it’s far easier to find profitable traders on Binance, making it the ideal platform for day traders. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader.

CFD Trading

80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Visit PrimeXBT to find out more about the different account types available and chose the one which suites you most. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. To produce reliable trading signals, but because it leverages it to track whale activity. Log in and complete the KYC Know Your Customer process. 05% for most trades and providing special rates for crypto futures. Depending on the differences in interest rates between the two currencies involved in a forex trade, these fees may be positive or negative. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. However, as with all forms of investment, trading on PrimeXBT should be approached with caution and informed decision making, considering the inherent volatility of the cryptocurrency market. It makes the overall cooperation quite pleasant, as for me. FTX bankruptcy Chapter 11 9:14 PM. For the uninitiated, “margin” is the debt, or borrowed money, that a trader uses to invest in other financial instruments. There arepassive investing solutions also through the ByBit earn program. After all, it only acts as collateral for the funds borrowed from your broker. The intuitive design of the PrimeXBT iOS app ensures that traders can easily access the tools and information they need to make informed trading decisions. Instead, any funds traded on the platform are locked in multi sig escrow, minimizing the possibility of theft and reducing trading time for users. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. However, given certain regulations, there are some countries that they do not accept traders from. This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform. After all, there is no guarantee that Dogecoin will ever take off again. PrimeXBT is an acceptable choice for day traders. In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks DDoS. So, before you choose your feature champion, ask yourself: Do you want a tech powered, social copy trading haven like Bybit, or a stable, streamlined platform like PrimeXBT with access to broader markets. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You can read more about the legal terms and conditions in the Legal Center section More tab on the main page of the website. Scan the QR code with your device’s camera and get APK file. Dear Zombos,Thank you for bringing this issue to our attention. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks.

Group CEO

Deposit Purchase crypto via bank card or transfer via third party companies. 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. BITCOIN BTC/USD: As the New Year unfolds, Bitcoin has begun emerging from its extended consolidation phase, reclaiming momentum and trading. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. For example, if you have a deposit bonus and a fee reduction bonus active at the same time, you may need to choose which one to activate, as they cannot both be used on the same trade or deposit​. The platform also has a mobile app. PrimeXBT Trading Services, S. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. PrimeXBT leverages Cloudflare’s technology to protect against DDoS attacks and the security team routinely runs tests and updates to ensure the security of the platform. Content is written free from bias and is fact checked where appropriate. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. If you believe in the future of crypto, then holding Ethereum makes quite a bit of sense. Currently, PrimeXBT charges a very low flat fee of about 0. This example underscores the importance of. Historically elevated SOPR levels often coincide with local tops as investors book profits following the bullish run. 5 BTC which shows how profitable this method can be. Yes, PrimeXBT provides a referral dashboard to track the progress and earnings of your referrals. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. As mentioned above, LINK’s market cap is an impressive 8 Billion U. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. Some indices are set up as ETFs, which can be freely traded on a stock exchange, just like regular shares. Additionally, they could occasionally have trouble establishing their authority when speaking with the officials. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Once you’ve selected a platform, the setup process usually involves creating an account, verifying your identity, and linking a payment method. You can reset your account password using the Password recovery feature. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Information regarding past performance is not a reliable indicator of future performance. It is intended as a protocol that gives network users the ability to prove various types of information without revealing sensitive personal information. The world of trading and Cryptocurrencies can be exciting, and the potential for high returns certainly adds to the thrill.

€30 250 EUR

However, there’s a demo version for new users who are unsure about using the exchange. No, it’s not accessible in the US or certain other countries. In order to do this, you will need to provide them with an email and password. Inexperienced traders or institutional investors can be fixated about entering trading positions when the price hits a round number. In Spain, Cryptocurrencies are subject to capital gains tax. PrimeXBT’s privacy based approach requires zero personal information, only a crypto deposit, so the capital that is deposited is all that is risked. Flexibility and customisation. It takes just a few minutes to get started. Learn more about Baksta’s Legal Terms. The company not only offers transparent cooperation conditions to its customers, but also cares about the safety of their funds and financial transactions. Unfortunately, most traders do not spend the time necessary to backtest a system and will simply come up with the latest and greatest thing on a forum to start putting money to work. With Polkadot’s focus on enabling inter operability among multiple blockchains, we can see those platforms thriving and pushing prices as high as $182. At the same time, they use margin from the account to buy the other 100 shares, borrowing $6,000 from their broker. Binance users were served slightly better than Coinbase in 2022 and will be in 2023 as well. 4 million operations per second.

Install the APK:

Best regards,The PrimeXBT Team. Importantly, our experts found that charges are lower than many alternatives. When trading Crypto as a beginner, investors should generally opt for lower leverage ratios to minimise potential losses while they gain experience. The price of Bitcoin and other cryptocurrencies can be affected by the sentiment across the cryptocurrency market. These services are governed by the legal terms and conditions of PXBT. We’re here to help you navigate the markets and ensure your trading experience with us is positive and successful. All logins to your account are reflected in your Settings menu, under ‘Last logins’. So, how does this happen. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. It’s like learning from the best. Users cannot be made a target if there’s no evidence that they own any crypto assets. Still, when asked through the prism of the actual government holding it, the answer is much more fluid, as most government holdings worldwide result from criminal seizures.

Where is PrimeXBT legal?

Leverage trading in Crypto offers a way to do just that. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. Com, follow these steps. 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. 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. As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. PrimeXBT Trading Services, S. Get into the trading action with reduced overnight fees on Forex and CFDs. Bonuses for traded volume in margin cryptocurrency trading. Experienced traders can share their expertise in charting and fundamental analysis to showcase their portfolios and decision making processes. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. For each direct referred by the affiliate or indirect referred by his referral client, the affiliate receives from 5% to 20% commission according to the following scheme. Until these conditions are met it’s gonna stay at 3 stars. It’s important to consider these costs when planning fund transfers. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. To seize this exclusive welcome bonus offer. I like the exchange notification and notes whenever I open the software. While I appreciated its user friendly interface, it does face the common limitation of all trading apps: the challenge of analyzing price action effectively on low resolution devices. NAQ, GER30, HK HSI, AUS200, JAPAN, and UK100. Opening a trading account typically requires some personal information, such as a full name, email address, personal address, and much more. Bybit has a great selection of over 400 crypto assets and almost 600 trading markets, which is quite impressive, it is no wonder that Bybit has become an oasis for crypto trading. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. There is no difficult button to use.

Market Analysis

This could happen if you shared your account credentials with someone else, or if your password had become compromised. Next, we will explore the asset classes available on PrimeXBT for short selling. Once connected, you can use various commands to interact with the bot. View and manage your open positions quickly, so you can react when needed. High Risk Warning: Trading in foreign exchange and other financial instruments is inherently high risk and may not be appropriate for all investors. In the following paragraphs, we will discuss the impact of verification levels on these limits and how to increase your limits if necessary. MEXC has been rapidly taking users away from more established cryptocurrency exchanges like Bybit due to it offering near zero trading fees, a massive selection of crypto assets, higher leverage, and frequent trading competitions. PrimeXBT offers perpetual futures markets for 13 markets with 100x leverage available for all assets. They help traders identify trends, momentum, and potential reversal points. Only proper legal or regulatory authorities will receive customer transaction data. These contests allow users to test their skills, strategies, and knowledge in a competitive environment while having the potential to win real prizes. At PrimeXBT, we are committed to ensuring our trading environment stays aligned with the evolving market. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. BITCOIN BTC/USD: As the New Year unfolds, Bitcoin has begun emerging from its extended consolidation phase, reclaiming momentum and trading. Anyone can register for a free margin account on PrimeXBT. Below is a summarized comparison. Next, you either buy crypto or deposit it through the website. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. We’re glad to hear that you appreciate the variety of cryptocurrency pairs available and find our trading platform to be a powerful tool. 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. However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. So many options with the wide range of crypto pairs and different types of margin.

Translator and Proprietor

Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. By continuously learning and adapting to market conditions, traders can stay ahead of the curve and improve their trading performance. In May of 2018, Covesting joined the Enterprise Ethereum Alliance. Clients can withdraw their available funds at any time, but the withdrawal fee may vary depending on the payment method and currency. With a strategic approach and a dash of patience, Ethereum has the potential to be the spark that ignites your financial future. 339 sk no 10/ ABağlar / Diyarbakır. Stellar Lumens has several significant benefits that make the network and the crypto itself very attractive for large institutions. 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. This allows you not only to profit from falling prices but also to magnify your profits if your price prediction is correct. We value your participation and are committed to making things right. However, there were a few areas of disappointment. 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. Don’t worry they have their ways, and they’re actually very transparent about it. Regulated by the authorities in Cyprus. 1st Floor, Meridian Place, Choc Estate,.

Av Santa Isabel 0301 C Providencia

Trading involves risk. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. BTC/USD, ETH/USD, EOS/USD, XRP/USD. PrimeXBT offers a wide range of tools and features for effective real time trading. FSCA Regulated SAFCA Regulated UKASIC Regulated AUSCySec Regulated Cyprus. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. However, I do understand that this trading style may not be for everyone. Experts add insights directly into each article, started with the help of AI. PrimeXBT emphasizes privacy and does not require KYC Know Your Customer verification for basic accounts, making it accessible to users who prioritize anonymity. We added new features, reached new audiences, and added more tools and abilities to our powerful trading platform. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. However, insurance coverage is still rare within the crypto industry. For example, if you deposited with Volet, you must also withdraw using Volet. For enhanced security, it offers two step authentication and biometric login options. 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.

Contents

As long as you use caution and a bit of common sense, margin is a great tool. They can gain value based on the level of demand and supply. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. The 20% Deposit Bonus applies to any deposits you make during the promo period, until you’ve claimed a total of $1,000 in bonuses. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. We earn the trust of clients by being clear about everything from the very start. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. PrimeXBT integrates TradingView charts, which is a nice feature. For example, when withdrawing Bitcoin, the fee is 0. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Its strict regulation provides peace of mind, making it ideal for cautious traders looking for steady growth. Providing financial education to those who need it most has always been a passion of mine. At Bisq, users are not required to provide personal details, and there are very few limits in place for trades. Also, now that the ongoing lawsuit with the SEC has concluded XRP’s price could travel much, much higher. Social trading is an exciting and innovative way of trading in the crypto market, but it comes with its challenges and risks. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. 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. Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. EOS aims to give developers easy to use tools for developing DApps with a fast blockchain and robust smart contracts.

Contents

Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Throughout my testing, the app performed smoothly without any bugs or glitches. Go to My Account and select the tournament you are interested in and click “Join”. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Token supply has been a huge limiting factor to its bullish trends. And many cryptocurrency exchanges that require KYC have made streamlining transactions a priority. Some products and/or services might not be covered by the Compensation Fund. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. PrimeXBT is a good broker which has plenty to offer: intuitive and innovative trading platforms, competitive leverage rates, and a new covesting module that is attractive to experienced traders and beginners alike. On top of that, Zengo lets you interact with a variety of Dapps while keeping you safe with its Web3 firewall. In order to make any movements from the cold wallet to the hot wallet, they make use of multi signature access that needs to be executed by multiple employees. The use of the Shiba Inu dog meme as its mascot was aimed at creating a more approachable and friendly image in the often complex world of cryptocurrencies. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Higher leverage can help increase profitability, but can involve more risk, and needs to be managed. Here are some initial impressions: Fast account setup Responsive support team Clear instructions for deposits and withdrawals All in all, it feels like a reliable place to start trading. This is a break down analysis of EURUSD ahead of the Nonfarm Payrolls. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. In the United States, the Treasury Department and the Internal Revenue Service IRS have recently proposed regulations for tax reporting on cryptocurrency, non fungible tokens, and other digital assets. Io curates a list of reputable exchanges for those who prefer a pre vetted selection. Cardano can expand its utility and draw more users, thereby improving its value over time, by actively pursuing partnerships and collaborations with industry leaders and concentrating on real world use cases.