Regulatory Compliance and Legal Framework

In conclusion, PrimeXBT is an excellent choice for crypto traders but offers limited value for those seeking to trade other asset classes. 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. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. The data contained in this website is not necessarily real time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. You are simply betting on the price falling in either case. Please note that while every effort is made to validate coupons, there may be times when some coupons are not applicable due to restrictions set by the merchant or due to changes in promotions. Providing financial education to those who need it most has always been a passion of mine. It can be downloaded for both Android and iOS. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. 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. Could you kindly reach out to our support team at. PrimeXBT provides layered research content developed in house. Qolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibham liber tempor cum soluta nobis eleifend option congue nihil uarta decima et quinta. Vignesh S G Jan 08, 2025. Let’s start with discussing the amount of leverage you can engage with. Physical crypto is offered via a partnership with a company based in Lithuania. For our trading test, we thoroughly evaluated the PrimeXBT platform. Having analyzed the trading conditions at PrimeXBT, we came to the conclusion that the platform establishes a transparent system of commission fees for each asset class. In summary, PrimeXBT’s history is characterized by rapid growth, continuous innovation, and a steadfast commitment to providing a secure and comprehensive trading experience. It’s great to hear that you value the diversity of financial assets available on our platform. Once you choose a trading strategy, you’re almost ready to place your bet on Bitcoin.

PrimeXBT Countries

If the app is unavailable in your region, you can still access it through direct download from our site. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Contracts for difference CFDs are derivatives that speculate on the underlying asset’s price without physical ownership. The code is valid only for 15 minutes from the moment of its sending, if you do not have time to use it, you will have to register again. The platform’s robust security infrastructure ensures a safe trading environment for all users. To activate a bonus, simply copy the promo code, log into your PrimeXBT account, and enter it in the «Promo Codes» section for instant application. This duration accounts for the necessary security checks and processing time. Bybit has seriously ramped up its security framework in recent months, leading to independent security firm Certified listing them as a top ten most secure exchange, giving them a Triple A security rating. Dive into weekly trading contests with virtual funds for a chance to win rewards up to $10,000. The platform’s unique features, such as the Covesting module, set it apart from other brokers and offer traders unique opportunities to diversify their trading strategies. My experience with PrimeXBT’s customer support was mixed. This is an alarm bell for many, as it means there is no authoritative body to hold the platform accountable or enforce any sort of laws or rules. The PrimeXBT WebTrader’s key features include. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Gigawallet was the first announced project. Through its partnership with Covesting, PrimeXBT’s Covesting module allows traders to automatically mirror the trades of successful strategy managers on the platform. This lack of regulation means PrimeXBT does not offer the same level of consumer protection as brokers regulated by prominent authorities. Although he is heavily focused on Cardano, he is also the director of The Bitcoin Education project that supports the first ever Cryptocurrency. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This event, which takes place every four or so years in the case of Bitcoin, is a mechanism that is intended to make the cryptocurrency anti inflationary. Returns or profits may be subject to capital gains tax. These are the project’s quantitative metrics of its official GitHub Public PrimeXBT login Repositories that can be used to trace regular or artificial development activity, growth and popularity of the project. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Reviews from users consistently praise PrimeXBT for their responsive and helpful support team. The table demonstrates how much you would have to pay to trade 1 full lot 100,000 units in EUR/USD with a pip value of $10 for each account. Another reason to seek a legitimate and transparent crypto exchange or crypto financial provider, is data security. As the Crypto market grows, solutions like Polygon will become even more important.

PrimeXBT Review: Customer Support and Resources

Authorized Dealer of Fred Perry and New Balance. Hello Van,Thank you for sharing your experience. XLM crypto is expected to break the $0. This transparency helps you choose a trader you’re confident in copying. While Litecoin’s path to $500 might be longer than some hoped, its steady growth and increasing profitability suggest a resilient future. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security.

PrimeXBT vs Bybit: Security

Click ‘Join’ to enter the Contest. PrimeXBT also says it offers the renowned MetaTrader 5 platform, which is available via PXBT – a partner company of PrimeXBT. 34500 = 60 point gain. Returns or profits may be subject to capital gains tax. Why It Is Popular: NEO is yet another altcoin that hasn’t yet reached another new all time high, making it a very attractive coin currently. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of instruments like crypto, FX, and commodities. 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. As the Crypto market grows, solutions like Polygon will become even more important. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Yes, each bonus may have specific requirements such as minimum deposit amounts, trading volume, or other conditions. PrimeXBT Trading Services, S. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. Launchpads are a fantastic way for retail traders to get early access to projects before they go public, a benefit that used to be reserved for VC firms, or those with deep pockets and friends in high places. Learn more in our Cookie Policy. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. PrimeXBT presents an interface that’s both customizable and user friendly. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. With the right approach, Ethereum has the potential to be a valuable addition to your investment portfolio. The exchange lets you trade the SandP 500 index with up to 100x leverage. PrimeXBT offers four types of orders: Market, Limit, Stop, and OCO. An agent connected almost instantaneously to the chat. Thus anything published on The Money Mongers is not an investment advice and we are not you investment advisor. Here are some of the most important pros and cons of margin trading. The PrimeXBT App is a mobile trading platform that allows users to buy and sell various financial assets, such as cryptocurrencies, forex pairs, commodities, and indices, directly from their smartphones or tablets. Covesting on PrimeXBT is a unique feature that enables users to copy the trades of successful traders, known as strategy managers.

Supported Countries and Regions

PrimeXBT does not accept traders from The United States of America US Reportable Persons or residents of Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, US Virgin Islands, and Northern Mariana Islands. For example I use Bitsgap bot to trade on futures It’s easier to get passive income, so can I connect it to Prime platform and use as I used before. The process of opening a cryptocurrency exchange account is quite easy. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. 2024 has been a wild ride for Bitcoin. Unlike most exchanges today, KYC verification is optional on PrimeXBT. Dear Marawa,Thank you for sharing your thoughts on trading with PrimeXBT. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. Customizable charts, technical analysis, and leverage trading enhance the experience, creating successful traders anywhere in the world. Tax offices around the world are cracking down on investors they believe may be avoiding crypto taxes, with dedicated operations to match wallet addresses with identities. Past Performance and Materials: Past performance is not a reliable indicator of future results. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. It gives chances for everyone interested in trading to start from somewhere as its minimum disposal is affordable. Keep in mind, though, that users can copy the amount of money they invest from the strategy they follow, or use an option to invest a fraction. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. For Bitcoin, it usually takes about 30 60 minutes, depending on the network congestion and required confirmations on the blockchain. Following those traders can have a significant impact on your bottom line. Dear Nashit,Thank you for your feedback. Users can open accounts, deposit crypto, and start trading with just an email address. While it operates in the crowded trading landscape, PrimeXBT has built a solid reputation for its robust security measures, competitive fees, and 24/7 customer support, making it a compelling choice for traders seeking diverse trading opportunities on a single platform. HIRN Signals is a fully automated solution, using an proprietary algorithm that performs technical analysis, recognizes market trends and patterns to generate consistent results for their subscribers. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses.

Psychological cycles

KYC is optional on PrimeXBT. Here is what you need to be looking for in a broker in terms of safety mechanisms. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. For additional details on the newly added assets found on PrimeXBT, click here. Short selling, on the other hand, allows you to profit from falling prices in the market. Currently, PrimeXBT supports margin accounts with a base currency of ETH, USDT, or USDC. Limit orders, which add liquidity to the market, typically incur lower fees compared to market orders, which remove liquidity. Tony is also the founder of CoinChartist. This is what is known as liquidation. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Most of the information you can find out there on which crypto brokers allow leveraged trading to US clients is all outdated and wrong.

PrimeXBT Daily Withdrawal Limits

The first price will be the «bid», which is the price that buyers are willing to get involved, and the second price will be the «ask», which is where sellers are willing to transact. Piaskowa 2a, Zielona Góra. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. EToro regularly works with big name celebrities in its marketing campaigns, while PrimeXBT prefers to work with top traders and influential figures from the finance and cryptocurrency industries. Luckily, more recently, as most Cryptos rallied so did ADA, and its average price has floated around $0. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. However, PrimeXBT does not offer any alternative platforms. Open the downloaded file and tap Install to complete the installation. Again, remember that this calculation does not include commissions of overnight funding costs. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. Remember that Cardano typically moves in the same general direction as Bitcoin and Ethereum, the two largest Cryptocurrency markets.

PrimeXBT Swaps

Phone support is unavailable. These Know Your Customer steps help crypto exchanges determine each client’s virtual currency money laundering risk and prevent financial crime. This method leverages the expertise of seasoned traders to potentially yield profits for those who are less experienced. However, I do understand that this trading style may not be for everyone. » In other words, if one of the two levels that you put into the platform gets hit, the other order gets close. These promotions often include welcome bonuses for new users, percentage based bonuses on deposits, and exclusive promo codes shared through social media and newsletters. It’s worth noting that the KYC verification process may be less involved when dealing with crypto exchanges or equivalent organisations compared to financial institutions and other lenders. Nonetheless, this should be thought of as an investment and something that you could potentially lose completely on. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Returns or profits may be subject to capital gains tax. At the same time, clients have access to the following terms and conditions. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. Traders may also e mail their questions, and I recommend the Help Center as a first point of contact, as it answers many questions. Requests submitted before 12:00 are processed on the same day, and after 12:00 are postponed to the next day. This fact alone makes trading crypto a potentially more profitable strategy overall for cryptocurrency investing, however, it does require proper risk management and skills to be successful. The withdrawal process on PrimeXBT typically takes between 24 to 48 hours. The flexibility grants each user a personalised fit. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Note that an overnight financing fee is charged at 00:00 UTC if a position is carried into a new trading day. In this guide, we will explain what exactly margin trading is and all of the pros and cons of margin trading using the award winning PrimeXBT platform. $20,000 or equivalent for unverified users. «Crypto Futures»: These are financial derivatives allowing speculation on future cryptocurrency prices, valued based on underlying digital currencies like Bitcoin BTC, Ethereum ETH, etc. 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. The code is valid only for 15 minutes from the moment of its sending, if you do not have time to use it, you will have to register again.

Coin Search

Select the destination where to send your Deposit to. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Check out these trading options. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Embedded order book is useful too. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Due to increased regulatory pressures, these platforms must adopt comprehensive KYC processes. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. While it operates in the crowded trading landscape, PrimeXBT has built a solid reputation for its robust security measures, competitive fees, and 24/7 customer support, making it a compelling choice for traders seeking diverse trading opportunities on a single platform. PrimeXBT felt more like a traditional forex exchange. Smart Contracts and DApps: Cardano’s introduction of smart contracts has opened the door to a burgeoning ecosystem of decentralized applications DApps. Last 2 days for BTC have seen 5% moves, and with 200 leverage its jjust so easy to catch it. It makes PrimeXBT a niche broker where it excels. The spread is essentially the fee you pay for trading an asset. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Low tier regulators tend to offer the least comprehensive oversight of brokerage firms. Our clients love how fast and simple our sign up is. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. 99% fee, not PrimeXBT. Uphold Baskets: Diversify with curated selections of cryptocurrencies. They can gain value based on the level of demand and supply. Uncertainty grows as many anticipate a new bull run that might change the situation. Bitcoin is only over a decade old and has nowhere near the level of adoption or acceptance necessary to reach the mainstream public. However, it has become standard on most trading platforms. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. One easy to use way to store your XLM is with software wallets. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. It is easy to use, very interactive, very complete. The Bitcoin price reached an incredible $68,818 on 5 March 2024.

POPULAR

We are very happy to announce that Matthew Hayward will be stepping in as our new Senior Market Analyst and. After all, not all trades are profitable, so you need to realize when it’s important to «cut your losses. There are two main types of storage for digital currencies: hot wallets and cold wallets. However, the choice between limit and market orders should be based on your trading strategy and priorities, such as price control versus execution speed. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. To trade with margin, users must fund their trading account after making a deposit to begin trading. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. It is easy to use, very interactive, very complete. With over a million users in 150 countries, PrimeXBT combines low fees, advanced trading tools, copy trading options, and strong security measures, making it an ideal choice for both beginners and seasoned traders. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. This is what the ranking of the best strategies looks like. A good strategy to minimise the element of luck in such conditions is «dollar cost averaging». Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The app also gives traders through Apple based iOS devices the ability to monitor pricing data, track trades through multiple portfolios, and get the latest news in the crypto space while on the move. They only have two types of fees, and these are the trade fee and the overnight fee. Smooth mobile trading is a must have perk.

Sign up and get up to $200 in crypto use code get50 to get $50 BTC

The opinions expressed here are the author’s alone. Robinson moved into his current role of Executive Chairman, where he spends the majority of his time developing and executing group initiatives, either through the identification and execution of new acquisitions or developing and strategizing growth strategies for the existing portfolio. As with any other asset, there are many things to understand when it comes to Ethereum. 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. Despite the number of «opponents» we’ve hurled at it, ranging from big names such as Coinbase, Binance, and Kraken, to smaller ones like Bitget and Bybit, it has, in each round, managed to stand its own ground. Trading fees on PrimeXBT consist of maker and taker fees. 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. Custodial wallets are usually unavailable since customers do not purchase any Ether, at least with most conventional brokers. It goes against our guidelines to offer incentives for reviews. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits.

Finport

Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. Short selling, on the other hand, allows you to profit from falling prices in the market. Cryptocurrencies should be considered either a short term trading asset or long term investment due to how high volatility the asset class is. Investment Bud is just one of many examples users have been reporting in recent days and is among one of the most intricate schemes yet. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The PrimeXBT Euro 2024 giveaway has concluded, and one lucky trader has scored big. Returns or profits may be subject to capital gains tax. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. In fact, PrimeXBT actually measured the slippage on their executed orders. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. I have no negative experience with using this platform because their customer service is excellent, except that they don’t have an API. 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. During my PrimeXBT review, the in house copy trading service stood out. Ensure you use strong passwords and enable two factor authentication for added security. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. Long and short positions mean that traders can profit both ways the market direction heads. Choose their preferred payment option and service and click buy. If you need any guidance on how to navigate the platform or make the most out of the many features we offer, please don’t hesitate to reach out to our support team at. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. COV tokens used to pay for trading fees are burned. Usually ID, passport, a bank statement and a utility bill. PrimeXBT offers a variety of deposit options. By understanding the impact of regulations and leveraging PrimeXBT’s support services, traders can navigate the platform more effectively and ensure compliance with local laws. Just like deposit fees, withdrawal fees can impact the net amount you receive. Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. DOT can be bought on most cryptocurrency exchanges, however, a direct DOT/fiat pair is not commonly available, so using BTC as a mediator is required. So, is PrimeXBT the exchange for you. Most brokers give 1:30 or 1:50 tops for crypto. We strive to keep our platform dynamic and responsive to the needs of our traders by providing access to a diverse set of trading options.

Currency:

You can enter it by clicking the icon on the top of the board of the PrimeXBT platform. PrimeXBT Trading Services, S. I opened an FX and CFD account with the PrimeXBT Trading Services Ltd entity and performed my tests on the web and mobile versions of the broker’s proprietary platform. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. To sum up, while Bybit is the more secure exchange, both platforms follow responsible crypto management and cybersecurity protocols, with Bybit now joining the ranks of hyper secure exchanges like Kraken or SwissBorg. For our trading test, we thoroughly evaluated the PrimeXBT platform. So, how does this happen. Your PrimeXBT account can be accessed on both desktop and mobile devices. The code is valid only for 15 minutes from the moment of its sending, if you do not have time to use it, you will have to register again. As a trader or investor, you know that you can’t get anything for free, so how can the providers on the list offer their signals at no cost. These are professionally done and well presented. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Here’s a breakdown of the pros and cons. 1 859 795 9217+1 716 913 6279. Keep up the great job guys, you are revolutionizing trading with this low tradign costs 👏. Payments to partners are made in the same way as other withdrawals, i. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. PrimeXBT is a legitimate broker founded in 2018 and compliant with five regulatory authorities. I’m trading only crypto futures because I prefering a high volatility on financial markets and the crypto PrimeXBT trading contests market is ideal for my trading strategy. 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. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. Best regards,The PrimeXBT Team.