PrimeXBT Review 2025

In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. Let’s dig into that next. Select Accept to consent or Reject to decline non essential cookies for this use. The spread is insane and with the indices it looks like alternative universe when you see the difference between the numbers on tv vs the platform unless I am reading it wrong. The EUR/USD pair is a popular currency pair to trade in the. Just look at that long list of instruments, you can trade beyond the cryptocurrencies. PrimeXBT is not available for users located in the USA, there is no « PrimeXBT USA » option as there is with other platforms like eToro or Binance. Placing trades on PrimeXBT is simple, with an easy to use order form. Traders have complained about this, but at the end of the day, it makes for a much more stable and reliable network, meaning that once all of its implementations are in place, Cardano could be a leader quite easily. Also, since cryptocurrencies have become a legitimate investment vehicle, many governments worldwide have introduced legislation to avoid the misuse or abuse of these crypto assets. One of the big benefits of Overbit is their no fees policy. 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. Occasionally, users may encounter issues during the withdrawal process. Ability to hold long and short positions simultaneously even on the same asset. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. I always recommend that traders check them before evaluating the total trading costs. $20,000 or equivalent for unverified users. The first step in your trading career is to open up your first trade. Via the Main page, users www primexbt com can view. It is important that you have tested this system in either historical scenarios or a demo account. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. Even so, Binance has set itself apart by offering an insurance fund for user assets. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. Each type of fee has its own structure and calculation method. Strategy Managers Profit and Loss. 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. 99% fee, not PrimeXBT. No KYC and Security:One of the major advantages of PrimeXBT is its no KYC policy, allowing users to sign up and trade anonymously, which is rare in the current regulatory environment. Information regarding past performance is not a reliable indicator of future performance.

Encryption Protocols

Spot trading in Crypto is when you place a trade, and there is an immediate settlement or immediate delivery of the underlying asset or an immediate sale of the underlying asset or price. Our website uses cookies. I discovered that PrimeXBT’s FX and CFDs account features less competitive prices than the industry standard. A similar spot trade without leverage would result in only 3 ETH earned. 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. The core appeal of margin trading lies in its ability to significantly increase your potential gains. From registration to buying your first Bitcoin and funding your trading account can take place in just a few minutes and clicks, and you can begin your new crypto trading career on an advanced, award winning margin trading platform that offers all of today’s hottest instruments all under one roof. Information regarding past performance is not a reliable indicator of future performance. Despite positive reviews, few complaints, and a history of satisfied traders, the absence of regulation is a critical factor to consider. 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. Partners in these regions should review the platform’s terms and conditions to understand any limitations that may apply. The file is verified secure by PrimeXBT. For example, if a trader has $1,000 and uses a 10x leverage, they can enter a trade worth $10,000. Exploits or vulnerabilities in the oracle network could lead to inaccurate data feeds, potentially impacting applications relying on Chainlink. Copytrading service deserves special attention.

PrimeXBTUser Reviews

The post Ethereum Spot ETF Records A Positive Weekly Inflow For The First Time Ever. Stay tuned with @AirdropAlertcom. In addition to bank grade security infrastructure and a threat detection system, PrimeXBT takes a number of steps to protect investors. 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. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Though CFDs are preferable tradeable instruments for some traders. The exchange recently released its tiered fee structure for those traders who do a considerable amount of volume on the platform. My live tests indicate that broken down by asset class and compared to the industry average, PrimeXBT charges low spreads on cryptocurrencies, average spreads on currency pairs, average to high spreads on commodities, and high spreads on indices. If you ever need tips or further assistance, please feel free to reach out to us at. If you have any questions about leveraging or need further assistance, please feel free to reach out to us at. That’s why the team at Koinly has rounded up the best crypto exchanges without KYC where there’s either no KYC at all or where KYC is only required over a specific limit. Read next: How to buy crypto. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. It’s popular and reliable. This leaves Volet and Perfect Money as the alternatives. This is how the registration form looks like. This means that traders only need to put down 1% or 0. This is a new investment area that should be kept in mind when you look at charts. Each of these steps is crucial for effectively participating in the referral program and maximizing your potential earnings. These products are not suitable for all investors. 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. Traders can access leverage up to 100x, allowing them to maximize their trading positions and potential profits.

Resources and Trading Tools

But unfortunately i received bonus of only 2 referals and they say my 3rd referal have not met the condition, and when i tell them i gave u proofs they always say your referal not met condition. Crypto assets are notoriously susceptible to cyber thefts and scams due to their digital nature. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. For instance, funding fees for BTC on Binance and Bybit were both 0. Thanks to the TradingView integration, it offers more customization and charting functionality. The Forex spreads for US traders on PrimeXBT depend on the currency pair being traded. Hardware wallets are yet another way to define offline and cold storage wallets, because a piece of hardware is required to utilize the functionality. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Charts allow traders to perform technical analysis to identify entry and exit points. If you ever need tips or further assistance, please feel free to reach out to us at. If you have any questions or need further assistance, please don’t hesitate to reach out to us at. Bonuses on PrimeXBT work by providing additional trading capital that enhances a user’s ability to open larger positions without needing extra personal funds. PrimeXBT does not accept as clients residents of the United States, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, American Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. The market tends to get spooked whenever there is a shift in the global crypto regulations. Understanding its payment limits is crucial for traders aiming to maximize their experience and manage their funds effectively. A copy trading feature will allow you to copy the trading strategies used by expert traders. What is the minimum and maximum amount for a withdrawal. Bonuses Cannot Be Combined: Bonuses like deposit bonuses and fee reduction bonuses usually cannot be combined. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. The recent DeFi trend is one area worth watching as it allows for a new way to approach banking. Returns or profits may be subject to capital gains tax. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. We have noticed that there are certain time limits: withdrawal requests are processed from 12:00 to 14:00 UTC on any day. And 11 tradable indices. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Overall, I rank PrimeXBT in the middle of the pack.

Centralized Exchanges CEX

With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Proper preparation through technical analysis is also a risk management strategy. Choosing between a spot platform and a derivatives platform is just one of the many factors that go into choosing the best cryptocurrency trading platform. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Dear Mustafa,We’re thrilled to hear that our blog and price prediction tools are valuable resources for managing your trading effectively. Another important part of setting your Day Trading strategy is how you intend to manage your money, and your risk. This is a break down analysis of GBPJPY after today’s Bank of England Interest Rate Decision. New customers can get their feet wet at trading the volatile crypto markets by setting up free demo accounts. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Benefit from spreads as low as 0. The client agreement, risk notice, execution policy, and other legal documents are easily accessible and fairly transparent. However, you can purchase cryptos directly on PrimeXBT with a credit card or SEPA. Click Download and confirm the file download if you see a warning. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. So far, I have enjoyed every aspect of using Prime XBT, as it has increased my productive hours. It seemed that the concept of a humor driven cryptocurrency didn’t quite resonate with investors who were still getting accustomed to the cryptocurrency market. With Bitcoin Cash having so much potential in a digital payment world, and the fact that it has significant name recognition, the prediction of how price moves over the next several years will be crucial for investors. A Trading day is a 24 hour period which begins at 00:00 UTC and ends at 23:59:59 UTC. Additionally, the bonus amount is subject to certain trading volume requirements before it can be withdrawn as real funds. Copy trading fees are also charged similarly. 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. Covesting’s leaderboard helps Followers pick winning traders to copy based on transparent performance stats. For users looking for a simple exchange that is beginner friendly to simply buy and hold crypto, then Coinbase is the better platform. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. The file is verified secure by PrimeXBT. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming.

What Can You Trade With PrimeXBT?

The first solution involves idle crypto asset staking. In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. At the same time, this gives skilled traders the chance to monetise their expertise. You can only withdraw fiat using the same payment method you used for deposits. I thought I was safe. Returns may be subject to tax. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. Active users across the world. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Turbo utilizes a custom financial instrument known as short term Bitcoin settled accounts, which are essentially a contract between the trader and PrimeXBT where one party will win. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. However, the absence of custom price alerts was a notable drawback.

What is Chainlink?

If you know that you can have three losses in a row and still make an average of 2% a month, it gives you much more in the way of confidence and the ability to stick with what you know works. The platform is also offering a 5% deposit bonus up to $500 as a welcome on your first deposit on the trading platform for all new users who deposit within 24 hours of sign up. Embark on a collaborative trading journey with PrimeXBT copy trading feature. Io’s Airdrop Program: First 100 Members Get 20 USDT on Coinwire. In our opinion, the lack of round the clock withdrawal can create certain inconveniences for clients, and this is a disadvantage of this exchange. Before proceeding, ensure that Two Factor Authentication 2FA is activated on your PrimeXBT account for added security. The broker does not charge dormant accounts with an inactivity fee. He also acted like the ‘host’ of their YouTube channel, which has almost 50k subs. Providing financial education to those who need it most has always been a passion of mine. Picture a trader that believes Bitcoin’s price is poised for a surge. These resources are here to cater to both beginners and experienced traders, ensuring that everyone can benefit from them. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. To trade with margin, users must fund their trading account after making a deposit to begin trading.

Related Promotions

A fork of the blockchain would result in a PoW version of Ethereum and a PoS version of Ethereum. Something that most traders are no doubt aware of is the risks of “order slippage”. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. 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. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. So, how does this happen. Crypto Deposits: PrimeXBT offers free crypto deposits. Reply from PrimeXBT Copy Trading. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. In this case you will be using only 10x leverage against your 0. PrimeXBT is an acceptable choice for day traders. PrimeXBT does not accept as clients residents of the United States, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, American Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. PrimeXBT offers 24/7, eager to address all queries and assist with any issues. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. To activate a bonus, users often need to enter a promo code or make a qualifying deposit, after which the bonus is credited to their account. To get started, just click on ‘Contests’ from the main menu. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money and blockchain technology.

Casual Traders: Not Recommended

PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The unique nature of these markets is a major benefit if you know how to navigate the landscape. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. In other words, users can leverage their existing cryptocurrency or dollars by borrowing funds to increase their buying power. These results justify its 5 star rating. The cryptocurrency sector is versatile in terms of regulations. Notably, the exchange offers hot wallet insurance, providing users with peace of mind. These can be accessed from inside your account by clicking on the “Tutorials” section in the top right of your account. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process.

Better Printzz Affiliate Program

PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. PrimeXBT is a leading online broker that provides access to a wide range of tradeable assets, including Forex, cryptocurrencies, commodities, and stock indices. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. 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. However, its unregulated status and limited asset selection can be potential drawbacks for other traders. These products are not suitable for all investors. Best regards,The PrimeXBT Team. Security measures include Two Factor Authentication 2FA, Cold Storage as well as SSL Encryption. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. PrimeXBT operates as a Straight Through Processing STP broker without a dealing desk. PrimeXBT offers a beginner friendly platform to initiate your investment journey. Virgin Islands, Northern Mariana Islands, Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. To learn more about the advantages of margin trading, click here. 500 while the Support at 76. The primary advantage of margin trading is the potential to realize more significant gains due to the increased trading power. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. In terms of funding an account, there are no fees that are applied to inward payments. PrimeXBT only offers one account type that includes all of the broker’s services. However, the PrimeXBT support team explains this by security requirements: the exchange team checks every transaction for risk scoring, money laundering, and suspicious trading activity.

PEPE Price Faces A 20% Drop Amid Heightened Whale Selloffs

PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Staking COV tokens unlocks the following benefits. To illustrate the potential of PrimeXBT bonuses, we will present a few case studies of traders who have successfully used these bonuses to enhance their trading performance. Lastly, PrimeXBT is one of the few exchanges that require an obligatory white labeling of Bitcoin addresses when withdrawing funds. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. This examination of PrimeXBT will illuminate its significant features, with a particular emphasis on Crypto Futures trading and Copy Trading. However, with 5x leverage and a $1,000 investment, you could control a $5,000 position. Many countries may trade on the Exchange, except those that are prohibited or unrecognized jurisdictions. However, due to the harsh regulatory requirements in the US, Bybit does not serve US residents. You can also sort markets by name and 24 hour change. Some benefits of trading Bitcoin include a large number of trading opportunities, the possibility to leverage your trades, and the potential of mass adoption of the coin around the world. 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.

4 8

This fee is for borrowing funds to ensure fair pricing in the market and to align the value of the futures with the price of the underlying asset. 2024 00343, having its registered office address at PKF Corporate Services Ltd. IO continues to innovate and evolve with the needs of the crypto market. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. 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. Aside from that, you need to only learn enough to get started, and make a small initial deposit on a Cryptocurrency exchange platform of your choosing. Also there customer service was very poor. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. It depends on your individual risk tolerance and experience level. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Select your country, choose the type of document you’ll be uploading, and click ‘Next’. PrimeXBT does not charge for deposit or wallet creation. During my PrimeXBT broker review, the EUR/USD spread was, on average, 0. At this point, Shiba Inu is so speculative that it’s hard to tell if it will even exist in 2030. Primexbt Promo Code Get Bonus. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. Even though prices are often influenced by fundamentals, technical levels are important too. Similarly, we communicate these requirements and restrictions to all our Affiliates and Partners, providing them with clear guidelines on the prudent way to go about promoting our brand. The exchange lets you trade the SandP 500 index with up to 100x leverage.

Worse

Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. In addition, you can use 1 BTC in your wallet to trade more assets without having to go through the tedious Know Your Customer KYC process. Polygon uses POL ex MATIC tokens to secure the network and power transactions, helping to address Ethereum’s congestion issues. Here is a more accurately reflective list of what’s popular across the crypto market. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. Registration on PrimeXBT is free and takes only a few clicks to begin. To begin trading, you must deposit any amount that would provide the needed margin for your transactions. However, there are many concerns about trading like this and whether it will be profitable over the longer term. You should be aware that there are multiple types of trading strategies out there. Allowing others to copy your trades while earning a cut of their profit is a good way to earn extra for very little extra work. Prime Technology Ltd is PrimeXBT’s Technology Provider. Other strategies like Options Trading and Pairs Trading leverage market discrepancies and correlations to minimize risk and maximize potential gains. 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. Our predictions are based on a careful analysis of market trends, historical data, and the overall cryptocurrency landscape. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. There is also a demo account. How to claim a 35% deposit bonus on PrimeXBT. For carrying a position overnight. Predictions for July 2028 suggest that POL ex MATIC may reach a price of $3. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Enjoy real time prices, technical indicators, drawing tools, without the need to switch platforms. The open leveraged position will be visible at the bottom of your trading screen. 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. As with other markets there are legitimate, experienced traders that profit using their knowledge, and there are others that offer less than reliable Crypto signals. 99% fee, not PrimeXBT. I found the KYC process to be straightforward, with my account being verified instantly. These products are not suitable for all investors.