PrimeXBT Review 2025: Complete Exchange Overview

The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. 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. This feature is common amongst popular crypto exchanges and is a great way of balancing out your altcoin portfolio. In the table below, I have listed the maximum retail leverage available with PrimeXBT for instruments from different asset classes. Compensation Fund per user. More so, there is the chance to leverage when trading on margin. We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. Its two star rating could draw attention as it builds its market presence. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Margin accounts should be used by experienced traders and can be quite volatile if not managed properly.

PrimeXBT Reviews and Product Details

PrimeXBT supports several cryptocurrencies, including Bitcoin BTC, Ethereum ETH, and other popular digital assets. Learn more about Baksta’s Legal Terms. The platform charges a trade fee for entering a position, and the platform charges overnight fees for financing a position overnight. Receive the latest news and stay informed. We’re thrilled to hear that you’re making the most of the altcoin selection available on our platform, especially during altseason. Learn more about PrimeXBT. Select the ‘External Wallet’ option if you wish to transfer funds after the purchase to an external wallet address. Here’s our detailed analysis of the futures trading experience. Then, I’ll dive into the pros and cons of each option so you can see both the good and the bad. Enjoy some of the lowest fees in the industry, designed to maximise your potential and keep your trading costs low. At the moment market conditions are conservative. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. There are a couple different ways to connect your account and import your data. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. This means that user funds cannot be sent to a rogue address in the instance where an account is breached. This is not something that we have seen on other charting packages developed by an exchange. While PrimeXBT supports a wide range of countries, it is not suitable for traders in regions with regulatory restrictions. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. It also shows you their annualised returns, assets and asset growth. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. We understand the value of human interaction, especially when resolving complex issues. Even beginners will find this platform easy to use. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. It’s like having a mini trading desk right in your pocket, giving you access to advanced tools and support whenever you need it. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. PrimeXBT promo codes can be acquired through several methods. Crafting a clear and comprehensive trading plan is crucial for maximising your success and minimising risks. PrimeXBT has a free economic calendar and publishes regular market breakdowns and weekly outlooks. Somehow exempt from consideration. This is much different than most markets that you may be used to, such as futures or stock markets.

Community Bookmarks

Second, when it comes to trading technology, they do not offer API functionality. This can be related to regulations, permit issues, financial mismanagement, or a whole host of other company specific issues. However, users can also open ETH, USDT, USDC, and USD accounts. Keep track of the tournaments you are participating in and see details of past tournaments on the My Tournaments page. You can also sort markets by name and 24 hour change. PrimeXBT ingresa el código promocional PrimeXBT is no exception. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Bybit educational resources have really helped my early career in crypto trading. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. 2 of PrimeXBT’s Terms and Conditions. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. By utilizing these methods, individuals can earn regular income or potential capital appreciation from their cryptocurrency holdings, providing an opportunity for wealth accumulation and financial growth. If you’re looking to make a short or long term Ethereum investment, but hesitate on the question “Should I buy Ethereum in 2023. To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Link and banner advertisements. I have explained how this company offers isolated and cross margin futures contracts, its highly accomplished and customizable dashboard, and even the PrimeXBT copy trading module.

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What’s even better is you can browse through an expert’s opinion on their service as a whole. PrimeXBT is a legitimate broker founded in 2018 and compliant with five regulatory authorities. A detailed table of all trading fees for Global Markets, Crypto Futures and Copy Trading products is regularly updated and provided on the PrimeXBT website. Returns may be subject to tax. By using these platforms, investors can increase their passive income and support the development of decentralized finance. 0 works to advance oracle technology in seven main fields, which are as follows. It offers advanced order types, integrated wallets, and customizable settings. 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. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. 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. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. We’ll cover how long withdrawals take on PrimeXBT, and what fees you can expect. Brand operating since. ByBit is another trusted platform that has no exposure to FTX and therecent crypto market contagion. From there, traders can develop a trading strategy and plan to manage against risk before making an entry into a position. Date of experience: August 26, 2024. Visiting the Deposit section will bring up each individual wallet as usual. Trading fees are a really important consideration as they can directly impact your profitability in the long run. For instance, the supply of Bitcoin is capped at 21 million coins, meaning that if there is a spike in demand, the prices tend to shoot. Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. It was challenging to get Ethereum when the initial offering happened, but today it can be bought quite easily with just a few clicks.

Cryptocurrencies Available on PrimeXBT

The Launchpad on Bybit is a fairly new addition and is Bybit’s move to remain competitive as more exchanges continue to launch their own launchpad products. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. However, the most educational resources are for forex. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Best regards,The PrimeXBT Team. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. Because of its non custodial nature, there is no KYC on dYdX. Choose between Volet or alternative payment methods where available. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited time offers and expanded options for Cointelegraph publications. Copy trading is a great tool for a lot of users with any level of experience. 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. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. At PrimeXBT, we are committed to ensuring our trading environment stays aligned with the evolving market. This table provides a quick reference to the different types of promo codes available on PrimeXBT and their associated benefits. Long selling is buying low and re selling high. Go to Settings > Security and enable Install from Unknown Sources if prompted. Specifically, the price for each of these instruments is calculated using a weighted average between the 1st and 2nd month Future Contracts. External factors such as global economic conditions, market cycles, and institutional adoption of Cryptocurrencies can either support or slow SHIB’s price movements.

PrimeXBT User Reviews And Online Presence

It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. When enough investors think this cryptocurrency has a promising future, it frequently becomes a self fulfilling prophecy, and the price rises because of increased demand. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. This was especially true in the beginning, as almost nobody was involved. Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Withdrawing your funds may result in the cancellation of any active bonus. Thanks to the fantastic mobile app, traders can also take their trading on the go. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. Immerse yourself in the thrilling journey of cryptocurrency trading with PrimeXBT, where acquiring coins or tokens means securing a slice of digital assets like Bitcoin. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission free PrimeXBT account. Similar to the above, this may occur due to the ask bid spread, where the chart shows bid prices and your order is to be executed at the ask price. If you have further concerns or suggestions, please don’t hesitate to reach out at. The calculation of selling a single standard lot of GBP is the same as trading £100,000 for $135,100 so your total position is worth $270,200 £200,000. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Finally, you can start trading crypto without verification. For example, the trader who buys a stock or commodity at a specific price might be willing to ride the trend for a significant amount of time. The live chat feature allows users to get instant assistance from customer support representatives. In the next section, we will provide a detailed summary of the key points discussed in this article. Open the downloaded file and tap Install to complete the installation. Get discounts on trade fees, overnight financing, and even deposit bonuses to enhance your trading experience. Their fees are typically less than $2. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. We noticed that the platform lacks TradingView support and instead relies on an in house charting system. Instead of having to accurately predict and understand when a trend will turn and at which point it will change again, PrimeXBT Turbo traders simply need PrimeXBT limited to be able to tell whether or not the price of an asset will be higher or lower at the end of a given period.

Withdrawal Fees

I’ve spent a lot of time exploring Binance, known for its comprehensive tools and features for crypto traders like us. It offers a diverse range of markets for users to trade in, including cryptocurrencies, Forex, Indices, and commodities, with the added advantage of Bitcoin collateral. The advantage of Cardano over Solana is that it places more emphasis on formal procedures and serious scientific investigation. Investors can trade Bitcoin instead when the crypto market begins to turn, rather than stay in a losing position. This minimized my losses and still only cost 0. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Short selling is a great way to make profits in a downtrend. The leverage ratio and margin requirements vary based on the trading platform and the instrument being traded. We’re also offering an exclusive bonus to anyone that deposits using this new method. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. It comes down to the individual trader as to how they enter the market, but it is quite common to wait for a daily close below one of these major levels to get short. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Users must register before making a deposit to trade on the PrimeXBT platform. BitSeven charges a flat trading fee of 0. Buying Crypto step by step. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Registered in the Republic of the Marshall Islands. Best regards,The PrimeXBT Team. Please report any and all suspicious behavior, possible phishing attacks, fraudsters, and imposters to our 24/7 support team at. Being aware of these fees and planning accordingly can help avoid unnecessary expenses and optimize your trading budget. In financial markets, where time, knowledge, andexperience are paramount, copy trading has become a transformative tool forinvestors. The market is constantly threatened by what is to be the next “Ethereum killer,” but no other project has been able to come close to Ethereum in usage or utility. Data provided by these calculators is solely for informational purposes and reliance on this may lead to losses. Trade with a Regulated Broker. I think that payments and pricing here are good because of the crypto exchange part of the company. The levels range from unverified to advanced, with each level offering progressively higher limits and additional features.

What does 100% leverage mean?

PrimeXBT’s trading platform boasts an impressive 99. Go to Settings > Security and enable Install from Unknown Sources if prompted. All of this makes it a potentially useful tool for everyday users and developers. However, you must deposit at least 0. 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. Com to continue to provide our services to you for free. Trade the Futures market with perpetual contracts on popular Cryptocurrencies like Bitcoin and Ether, with flexible funding rates and low Maker/Taker fees. PrimeXBT as an entity falls outside the EU and UK regulatory frameworks and there is no provision for an Investor Compensation Scheme. Swap rates on leveraged overnight positions are the most ignored trading costs. Copy trading allows novice or beginner traders to get familiar with the markets and the terms related to them. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. However, depositing or withdrawing fiat currency will require KYC identity verification. There are a few things that you need to keep in mind when you are shorting an asset, which will keep you out of serious trouble. I opened an account and it was already running within a few minutes of starting, it was also easy to use the features on Prime XBT nothing complicated. Avoid any platforms that are fraudulent, scammy, or shady practices.

Excellent

PrimeXBT not only offers great condition, but a user friendly platform that’s available on multiple platforms. Best of all, for crypto traders who value privacy, CoinEx does not require mandatory KYC. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. This saves costly trial and error trade as experienced traders make decisions on your behalf. ALL IN ETHER reflects a perfectly aligned monthly and all time profit of 105. And ever since the first digital currency. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. I conducted my testing on 17 December at around 11:58 a. As the name implies Best Crypto Signals is a popular provider because of the quality and accuracy of their signals. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. © כל הזכויות שמורות לרב אלחנן סמט 2023 נבנה ועוצב ב ❤ ע”י סטודיו צור בניית אתרים ומיתוג לעסקים. Returns may be subject to tax. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. 05% commission applied to the raw spread. Everyone should consider which assets or instruments, what the tools or features offered are, along with other important factors like safety, security, reputation, customer service, and much more. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income. The winners of the tournament receive a cash reward. In the table below, I have listed the maximum retail leverage available with PrimeXBT for instruments from different asset classes. In this article, we will explore the various aspects of the PrimeXBT app, including its features, functionalities, and benefits. Unrecognized or Partially Recognized Jurisdictions.

Restricted Jurisdictions

By reviewing this information, traders can make informed decisions about the best way to fund their accounts. Discover top crypto shorting exchanges with Bitcoin. At PrimeXBT, we strive to provide timely and helpful support to ensure our users have all the information they need for effective trading. If you ever need tips or further assistance, please feel free to reach out to us at. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. Withdrawal Crypto only. Coin Bureau readers who sign up to PrimeXBT using our referral link will receive a FREE 35% BONUS as well, definitely worth taking advantage of. Vitalik Buterin Refutes Claims of Selling Ether for Profit. It allows use of different order types and also provides advanced charting tools with technical indicators. 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. Wide range of tradable assets. It became my favorite because it offers attractive margin conditions, low fees, and access to a wide range of technical analysis tools. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. There is an extensive range of assets that you can trade there. Share it with your online audience social media, blog, website, forums, friends or family. The platform, however, lets you fund the trading account with Bitcoin only. This is just the tip of the iceberg – Tickeron also offers a pattern search engine, trend prediction engine, and real time pattern tools. But markets are always moving and orders sometimes begin to fill during large price movements. Some products and/or services might not be covered by the Compensation Fund. Experienced traders, on the other hand, can leverage their expertise to build a following and enhance their profitability on PrimeXBT. It displays the latest actual price of the coin, the maximum price for the day, the minimum for the day, the trading volume, and the prevailing trend: upward or downward. Traders give the platform’s dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT’s attention to aesthetic detail. As mentioned before, Covesting is a copy trading module of the PrimeXBT trading platform. 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. Depending on your jurisdiction, some products or services might not be available. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. The stop loss order will tell PrimeXBT when to get you out of the market.

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When you short a cryptocurrency, there’s typically only a small charge to the broker for facilitating the trade. The prices of commodities BRENT, CRUDE, and NAT. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. Help – to streamline the support process and offer additional ways for PrimeXBT clients to contact our friendly customer service staff, we’ve added a shortcut to the PrimeXBT Support Bot. If you want to copy someone else’s trades. This makes it a good choice for traders who want to diversify. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. PrimeXBT Instruments: My Key Takeaways. 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. Placing trades on PrimeXBT is simple, with an easy to use order form. We personally contact support using all available methods and present hypothetical problems that users might face. The 20% PrimeXBT platform fee is unusual, and traders should evaluate whether it’s a good fit for them if they want to be a signal provider. Free $10,000 Practice Account. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. Select the currency you want to deposit. Follow expert traders effortlessly and replicate their success. Crypto trading is like a relationship. In the following sections, we will delve into the specific countries where PrimeXBT is supported, the benefits of trading on PrimeXBT, and the steps to access the platform from different regions. Information is accurate as of Oct. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. The support and resistance levels are the two most popular technical analysis indicators used in the market.

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These include the United States of America, Japan, St. My deposit was credited after 20 network confirmations, which took a few minutes. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Executing trades on PrimeXBT is straightforward, thanks to its user friendly interface and advanced tools. 50 level, and the order is triggered. Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. It’s possible, and some of our previously mentioned analysts do expect the market to break above $1. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. A Position can be either Long or Short. Primexbt in this regard suit me most, thanks for infrastructure. PrimeXBT has set these protocols so hackers can not transfer your funds to rogue addresses if your account is breached. XLM is among the largest crypto assets on the market and is listed on most of the leading cryptocurrency exchanges. Com accepts the following forms of payment. Once bought, tokens swiftly land in your personal wallet for safekeeping. Best regards,The PrimeXBT Team. Crypto enthusiast since 2020. And in case of a strong price movement, the size of the fee will be almost imperceptible in relation to the potential profit from the trade. At PrimeXBT, we want you to succeed as a trader. In most countries, copy trading is fully legal. Make sure you understand the difference between Spot and CFD trading before getting started. Satoshi Nakamoto sought to give Bitcoin a commodity like quality, similar to a collectible. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. PrimeXBT’s diverse trading instruments and leverage options make it suitable for traders looking to trade across different markets. In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. Benefit from zero commission and spreads as low as 0. 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.

MarceloDias

You’ll be the mountain master, navigating treacherous terrains with the wisdom of experienced guides and the freedom to chart your own course. The all in one platform builds the foundation for sustainable success in shifting conditions by consolidating the essential trading tools to navigate any climate. PrimeXBT does not charge fees for Crypto and Fiat deposits. Spread fees on PrimeXBT begin at 0. We truly appreciate it. Let the trader/strategy prove itself before risking too much on it. DeFi Opportunity Expansion: As the DeFi ecosystem develops, more opportunities for making money are appearing. While there is added risk to using the platform, Primexbt Turbo also provides demo accounts for users to be able to trade risk free with virtual funds, developing winning strategies that can then be used with real money. Esse recurso é particularmente benéfico para traders experientes que podem gerenciar os riscos associados. 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. Vincent and the Grenadines. While these features are indeed impressive, the durability of the trading ecosystem they belong to raises questions. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. We understand that KYC procedures can sometimes feel burdensome, but they are crucial for preventing fraud and protecting all our users. This action will bring up the order modification pop up. It took on early life on Reddit where it was used as a payment method for tipping other users. For our trading test, we thoroughly evaluated the PrimeXBT platform. Unlike most exchanges today, KYC verification is optional on PrimeXBT. Is the price near an important support or resistance area. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Each of these steps is designed to protect users and the platform from fraudulent activities.

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PrimeXBT offers its customers a referral program that allows you to earn passive income for referring new users. Here are some of the things I like about the PrimeXBT platform. Depending on your jurisdiction, some products or services might not be available. Try their Twitter or Telegram where the latter can be reached from the Telegram Bot. Join us as we dive deep into L7’s successful upgrading process and. A good Forex trading strategy is profitable obviously. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. It takes just a few minutes to get started. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. Japanese candlesticks are a helpful tool for analysts, and contain a variety of information.