PrimeXBT Review 2025: Complete Exchange Overview

PrimeXBT and Bybit have a lot more differences than similarities when it comes to their offerings. Besides that, there are also credit card options available. For example, an options holder is a buyer of the contract, while a seller is referred to as a writer. Unlimited via Perfect Money. 10, but said there could then be a dip to $1. You can easily download and install the PrimeXBT app on your tablet, whether you’re using an Android or iOS device. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. The automated systems scan the internet for new coupons, which are then verified by the team for their validity. This is why it is crucial to have as much negative balance protection as possible. Um dos recursos principais é a capacidade de negociar várias classes de ativos a partir de uma única plataforma. Follow expert traders effortlessly and replicate their success. However, depositing or withdrawing fiat currency will require KYC identity verification. We personally contact support using all available methods and present hypothetical problems that users might face. The ability to combine multiple bonuses may depend on the terms and conditions of each bonus.

Introduction

The isolated margin amount can be tweaked for open positions. Keep up the great work, and happy trading. Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter. The price of Bitcoin follows ever changing supply and demand forces in the market. For oil contracts, Avatrade uses a spread of $0. Why Pocket Option Alternatives PrimeXBT for Android to PrimeXBT. 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. The problem is that, when shorting, you only make a profit when prices fall. 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. On the flip side, let’s imagine a situation where a trader sets a stop order at a conservative price level in anticipation of a market downturn. In addition to the flat trading fee, traders should also be aware of any potential hidden costs that might arise. This intuitive trading platform caters to the needs of both beginners and experienced traders. Deposit Purchase crypto via bank card or transfer via third party companies. Profit from the markets by following the experts. PrimeXBT is not available in the US. Volet deposits are free, while Perfect Money charges a 1. Automated trading can significantly enhance your trading efficiency and reduce the emotional impact of trading decisions.

$20,000 to be won in our Revamp Trading Contest!

Bybit’s staking mechanism is supported by strong security measures, ensuring the safety of your assets at all times. 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. Zengo’s 3 Factor authentication process ensures that 1 no one but you can control your crypto, and 2 your wallet is backed up, so even if you lose your phone, you can recover your crypto through a simple 2 step verification process. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. The one good thing I can think of that the CFTC has over the ESMA is that they do allow 50x leverage in Forex, whereas in Europe they only allow 30x. Everything we do is in service of our clients and their best interests. Moreover, users can conveniently transact in US dollars. I dont have negative experience using Prime XBT, primarily due to their exceptional customer service. 2 months ago 102 views. Users relying on a “free telegram” channel may unknowingly expose themselves to unscrupulous actors. Go to Settings > Security and enable Install from Unknown Sources if prompted. Restricted jurisdictions can be noted here. PrimeXBT uses robust security measures to protect your account and funds. These services ensure that traders can use the platform effectively while complying with local regulations. On cent accounts, the fees are generally lower than on standard accounts. We recommend using a unique Email+Password combination that you are not using for other services. It not only provides an opportunity to win attractive prizes but also allows traders to refine their skills and strategies in a competitive environment. In fact, PrimeXBT actually measured the slippage on their executed orders. Their fees are typically less than $2. I would also like to extend my thanks to the support team, who were extremely helpful in guiding me through the registration process for the copy trading platform. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. For example, the platform charges 0. PrimeXBT allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. Ethereum projected growth has slowed after a slew of problems in the crypto world, but crypto is starting to behave. Turbocharge your trading with our Bonuses, Promos, and Trading Contests. Mining involves both verifying transactions onto a blockchain, as well as solving algorithmic problems to unlock new blocks and earn rewards. 28% loss, has managed an impressive all time profit of 902. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders.

Scan QR code

MDE UP usdt is in third place with 47 orders and 9. Using charting software, such as the built in charting tools on PrimeXBT to draw trend lines and chart patterns can give traders a competitive edge, and make planning positions much easier and more effective and efficient. Additionally, the team constantly monitors the market for new promotions and discounts. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. 02% for Crypto Futures, and a 0. At the moment, an API interface is not available. Instead, you only need to cover the margin, which equals to 1% of a total position size, or $629. 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. OKEx has been around since January 2014 and is an industry leader in cryptocurrency trading instruments. Go to your Dashboard, click ‘deposit’ for the currency that you want to deposit, copy your PrimeXBT wallet address and paste it into the destination field on the site from which you are transferring funds. Today 8 January 2025 DOGE DOGE/USD is trading at $0. By following these steps meticulously, users can avoid potential issues and enjoy a seamless trading experience on PrimeXBT. Understanding the Basics Forex trading is the exchange of currencies.

Demo Accounts

All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Ripple has been falling in value in the past 12 to 18 months, but it is not a sign of panic, rather a good opportunity to enter the market as the expectation is that in the next five years XRP could reach levels of around $5 per coin, as Ripple’s XRP development might support on further institutional adoption worldwide. As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. Do not submit petty or hyperbolic meta posts to stir up drama in the community. However, when interest rates are low, cryptocurrencies become an attractive place to park money, which often leads to long lasting bull markets. We’ve got you covered with access to 100+ global markets on one platform. It should also have a detailed goal plan, the cryptocurrencies you are interested in, and the steps you will take to enter and exit positions. However, our constant ongoing monitoring of incoming transactions and manual approval over outgoing transactions utilizing the industry’s best blockchain based AML compliance software ensures that we can actively and effectively address all suspicious transactions. The simulator account allows users to test the brand’s suite of tools and assets without risking real funds. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. People can transact with cryptocurrencies through a crypto exchange platform or self custodial wallets facilitating peer to peer transactions. It takes just a few minutes to get started.

Does PrimeXBT provide VPS?

PrimeXBT does not charge fees for Crypto and Fiat deposits. Attempting to spam the subreddit with referral and advertising will lead to permanent ban. Join our community of happy clients and provide excellent customer support with Post Affiliate Pro. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. We have created a list of bitcoin exchanges where you can buy Bitcoin. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Typically, there are huge higher impulses followed by short term sideways action. Our human support team is here to help 24/7, in your language. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. By understanding the risks and opportunities, implementing a solid strategy like DCA, and conducting thorough research, you can position yourself to potentially benefit from Ethereum’s growth in the years to come. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. 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. 1M+ community members. Seek independent advice if you have questions or do not fully understand the risks. If you have any questions or suggestions for improvement, please don’t hesitate to reach out to us via email at. Is the price near an important support or resistance area.

The supply of Bitcoin

Don’t miss our future updates. Your profit would be the difference between the strike price of the option and the current market price at the expiration date. PrimeXBT exchange is transparent with their fees structure which is listed on the website. They also have what the company calls a “Z score” which includes metrics like risk, profits, ability to beat the market, days in profit, assets, timely payouts, asset growth and zero leverage. BITCOIN BTC/USD: Bitcoin has finally reached new all time highs. We do cover each of these more in depth in our dedicated PrimeXBT review linked at the beginning of this article if you want a more thorough look. 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 lets you know the price you will pay for something before purchasing it. The loss can be figured out by simply multiplying the $0. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. 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. Bitcoin and its underlying technology, blockchain, are exciting projects that make international money transfers super fast and cheap. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. We wanted to show our clients how much we appreciate them and offer them a way to explore the new. Again, this comes down to the supply and distribution of coins. To access live chat support, British users can navigate to the help or support section on the PrimeXBT platform. This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

Leverage and Derivative Traders: Perfect Match

There is no minimum deposit amount for margin trading at PrimeXBT. Test it out with a demo account using virtual funds. When trading Contracts for Difference CFDs, positions can be opened for a fraction of their value because of leverage. As mentioned previously, cross margin trading is great for holding and keeping a losing position from closing. You go long if you believe prices will increase or short if you think they will fall. I could adapt to it pretty easily and I am like a pro trader now but I think PrimeXBT need to add more features for analysis. It will also help you identify if you have accidentally landed on a phishing site of some sort. Bybit practices round the clock security monitoring and conducts regular security analysis checks. Managing risk is your top priority when trading Forex, or any other financial market for that matter. Date of experience: December 31, 2024. Using virtual funds, traders can access all the features of a live trading account, including the advanced trading platform and analytical tools. Whether you’re new or seasoned, it’s a solid choice. These include things such as the colours, grids and spacing. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Digital Coin Price is bullish on Bitcoin Cash over the next several years.

DigitalCoinPrice anticipates a steady rise to $3

Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. At this point, Shiba Inu is so speculative that it’s hard to tell if it will even exist in 2030. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. Traders should never enter a position without first analyzing the market and the asset they are considering trading. This is not something that we have seen on other charting packages developed by an exchange. PrimeXBT is a multi asset trading platform that allows users to trade various financial instruments, including cryptocurrencies, forex, commodities, and indices. By enabling 2FA, you will be required to enter a verification code from your mobile device in addition to your password when logging in. To deposit funds to PrimeXBT from the USA, follow these steps. The tabs hows your sizing, the fill price, the current price, your profit or loss, take profit and stop loss targets, and it gives you an option to close the position. Understanding these fees is important for cost effective trading. JPY continues to work as a safe haven under the current geopolitical conditions coronavirus and may work against the BoE lift on GBP. However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. Io, which allow you to purchase crypto using a bank card. As such, although PrimeXBT isn’t suited well to solely crypto traders, the exchange is great for anyone looking to trade a mixed bag of assets or those looking for higher leverage than Bybit offers. I like that Prime XBT is easy to use I don’t have to struggle the interface is good and functions well without freezing or taking long to load. Stellar price prediction is difficult, but the people at Cryptonewsz believe that outlook is sluggish but positive. The platform offers a very limited range of crypto futures markets and conditional orders. In this case, if your TP/Limit buy order was NOT executed, this means that the ASK price of the asset has NOT reached the price specified in your order. Plus, details like this can help those who enjoy copy trading on the exchange. We’ve got you covered with access to 100+ global markets on one platform.

Business

Best regards,The PrimeXBT Team. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Make sure you understand the difference between Spot and CFD trading before getting started. This was roughly at the same time that Bitcoin broke the $60,000 barrier, but since then has seen very little in the way of bullish price action. PrimeXBT will automatically close out the open positions in the negative as they need to manage the risk that they have on their books, resulting in lost funds for the trader. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Hodl Hodl operates without a license or regulation. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. The platform has plenty of innovative trading tools with enough advanced features to satisfy even the most technical traders with all the charting and drawing tools one needs. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. DYdX is a hybrid decentralized exchange for perpetual trading options for more than 35 cryptocurrencies. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. 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. If you ever decide to try manual trading or have any questions about using any of our other features, please don’t hesitate to reach out to us at. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. Attend exclusive PrimeXBT events, network with other clients and learn new skills. Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Majuro, Marshall Islands. I could adapt to it pretty easily and I am like a pro trader now but I think PrimeXBT need to add more features for analysis. During testing, I received fast responses with a reasonable level of detail. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 83 cryptocurrencies.

CiscoPantaleon

Comments: PrimeXBT is one of the best crypto exchanges I have ever worked on. Scan this code to download app. Best Regards,The PrimeXBT Team. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Understanding the importance of KYC compliance and its impact on trading activities is crucial for all PrimeXBT users. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 2 After clicking the ‘Go to real’ button, the Turbo Deposit/Withdrawal buttons will appear as shown in the screenshot below. 따라서 이용자는 웹브라우저에서 옵션을 설정함으로써 모든 쿠키를 허용하거나, 쿠키가 저장될 때마다 확인을 거치거나, 아니면 모든 쿠키의 저장을 거부할 수도 있습니다. 1% of the required capital in order to take out that position. Investors should keep an eye on regulations in key markets, as these changes can affect Polygon’s value​. Best regards,The PrimeXBT Team. These services are governed by the legal terms and conditions of PXBT. With the Covesting Copy trading, you can achieve returns similar to those of leading traders on the platform. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. We have noticed that there are certain time limits: withdrawal requests are processed from 12:00 to 14:00 UTC on any day. Although they have the same commission for your direct referral, BitMEX does not offer tiered referral payouts. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Brand operating since. Consistently maintaining its position in the top ten cryptocurrencies by market capitalization, Litecoin is widely supported by regulatory entities across many countries, being one of the earliest cryptocurrencies to hit the market. Trade Crypto Futures Contracts incl. KYC, or “know your customer” account verification. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

Trading Bots

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. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. Clicking on this will take you to the main ratings board, ranking other accounts. Another code, PRIMERUSH, offers a $100 Deposit Bonus + EXCLUSIVE 7% added Bonus to the amount you deposit on PrimeXBT. Prime XBT, a financial trading company based in the Seychelles, prides itself on being a Swiss knife trading platform for advanced traders. Below is a comprehensive table highlighting the key features of the PrimeXBT mobile app. However, the lack of regulation should be considered as a potential risk. The best crypto exchange for trading crypto futures. Scan the QR code with your device’s camera and get APK file. Now, it’s stuck at around 50 cents due to the controversy surrounding the centralized coin. EToro is a cryptocurrency broker based in Israel that launched its service in and offers individuals to buy and sell more than 67 cryptocurrencies. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position.

4 2

So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. The platform has cool features like one click trading execution and double click trading. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Under the new regulations coming for crypto in the US, it’s likely both centralized and decentralized exchanges will implement more KYC processes in order to issue Form 1099 DA in the coming years. Over time, these fees can add up, potentially impacting overall profitability. Test it out with a demo account using virtual funds. To claim your free $20, all you have to do is. During this process, ensure that you are entering the correct API key and following all security prompts. Only for verified users. This section will guide you through the initial steps to get you started on PrimeXBT, a leader in the world of margin trading. When trading with PrimeXBT, you get access to CFDs on a wide range of financial instruments, allowing you to efficiently diversify your portfolio and take advantage of leverage and margin trading. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market.

Worse

These products are not suitable for all investors. The fees can differ based on the blockchain network or the payment processor used for the withdrawal. I asked the customer support team whether their platform has services where a certain manager will trade from my account for a specified commission. Privacy Policy Terms of Use. For comparison, the average Bitcoin spread in the industry is around $34. Every cryptocurrency has a team of developers behind it. I’m going to start off with a big spoiler right off the bat. Additionally, you cannot set stop losses and take profits directly from the order form. By doing your own due diligence, or even your own analysis, leveraging the collective knowledge available to you in the same groups your receive your signals from.

Important Notice

At PrimeXBT, we’re committed to empowering your trading success. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. Click ‘Deposit’ and follow the prompts. This is something that you can get in your account management page under the “referral” section. Date of experience: December 05, 2024. 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. 1% of the required capital in order to take out that position. When Bitcoin price crashes, it can get especially violent so investors are encouraged to HODL their rare BTC strong. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. It takes just a few minutes to get started. By rejecting non essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform.