FAQ

Leverage is a powerful tool that allows traders to amplify their positions by borrowing funds to increase their exposure to the market. This is because the actual login page should have a secure padlock in the browser. Everytime you run out of margin, it cancels all open positions for your safety but immediately opens multiple positions in the opposite directions till margin is used up then closes them again due to margin call. Bybit’s extensive educational resources and webinars provide additional learning opportunities for traders looking to expand their knowledge and skills. 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. Users are able to exchange a large range of markets using Bitcoin as leverage, including crypto, forex, commodities, and indices. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. Investing in cryptocurrencies comes with significant risk. However, this differs for other cryptos, for example on USDT the withdrawal limit is $11. PrimeXBT offers high leverage which can increase the potential for profits. This is generally quite low, making the CFD market cheaper in the long run for short selling opportunities. But those that I use bring me profit. Unlike many other cryptocurrencies, XRP was not created to replace traditional financial systems but to complement and improve them. These rewards go beyond the ordinary, providing you with additional benefits. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. The impact of this event was very bullish for Bitcoin. Withdrawals are charged flat fees: 0. Join 1M+ traders who choose PrimeXBT as their go to PrimeXBT Countries trading platform. Leverage in the world of finance is the practice of using debt or borrowed capital to take a position in a financial instrument. When risk appetite is low, it’s difficult for institutional money to invest in cryptocurrency. In fact, the margin account allows you to trade more than you normally would, but it should be recognized that it is a loan that facilitates this possibility. Second, when it comes to trading technology, they do not offer API functionality. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar.

Overnight Financing Fees Explained

Anti Money Laundering Policy. The charts can be viewed from one minute to one month on ten timeframes. In order for this to work, the broker requires small collateral for the loan, which can be as low as 1% of the position size in case of a 100:1 leverage ratio. This setup can help maximize your potential gains while keeping trading costs minimal. After the drop seen in 2022, Ethereum seems on track to grow into 2024. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. PrimeXBT has never suffered a hack or security breach during its operational history. This platform is perfect for those looking to exchange one crypto for another without hassle. Withdrawal Crypto only. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Just look at that long list of instruments, you can trade beyond the cryptocurrencies. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

Can you change leverage when in a position?

List of FCA Regulated Brokers. Binance also rarely experiences any downtimebut has had its share of scandals from time to time. Utilizing the Services complies with the laws of your domicile country;. Moreover, this surge in trading activity backs the technical breakout observed on the charts. In this article, we will look over the top five cryptocurrencies that offer good trading opportunities and stability in a nascent space. Bitcompare does not look at or list all companies or products on the market. Are you an Apple user. Go to Settings > Security and enable Install from Unknown Sources if prompted. While the platform’s advanced trading tools and customizable interfaces appeal to experienced traders, some novices may feel overwhelmed without proper guidance. You can go to the main site of this program at:. PrimeXBT margin trading offers a multitude of features designed to enhance the trading experience and provide users with the tools they need to succeed. This section will unveil the mechanics behind leverage trading and how it applies to the exciting world of Cryptocurrencies. Hello Mario,Thank you for sharing your thoughts and suggestions with other traders. It is designed to appeal to both high frequency traders and those making occasional trades. Once that’s done, the stop loss and take profit orders will automatically get you out of the market should they be hit. Dogecoin was developed by Bill Markus and industry pioneer Jackson Palmer. Scaling in and out of trades is a powerful technique that can help you keep losses low and profits high. You can only withdraw fiat using the same payment method you used for deposits. Zaporizhzhia and Kherson. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge.

How to Activate the Percentage Based Tradable Bonus?

Deposits available on PrimeXBT PH. These products are not suitable for all investors. KuCoin offers leverage of up to 100x on high volume futures markets. This is in addition to our existing high levels of safety, including using the latest security protocols to protect client funds and data. 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. Quite a nice and long read Primexbt review, I liked that. He began his professional career as a journalist observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. A valid Ethereum price prediction should include both the potential upside, but also potential or speculated lows. As of the provided information, the following countries are banned from using PrimeXBT’s services. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. Contests let you experience actual market conditions using the full functionality of PrimeXBT risk free. This would be a continuation of the action that we have seen every other time a “crypto winter” has taken place. No, PrimeXBT does not currently offer any services to residents of the United States. You may need to contact customer support for assistance. Occasionally, PrimeXBT users may face an issue where, despite a successful deposit transaction, the funds do not appear in their account. PrimeXBT strives to provide the highest level of security to its platform users. On PrimeXBT, you can trade futures on popular cryptocurrencies, including. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. This is especially true with the explosive growth of decentralized finance DeFi within the space. The minimum amount required to copy a strategy is 101 for COV and 50. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Unique features include multi party computation for asset security, proof of reserves published twice a week, and an industry leading insurance fund. The PrimeXBT exchange is an international platform for trading cryptocurrencies, tokenized assets, stock indices, and currency pairs.

Casual Traders: Not Recommended

PrimeXBT is a trading platform, offering a ‘one stop shop’ solution with numerous products and services combined in a single account with an intuitive and user friendly interface. Get instant access to a wide range of popular markets, all from a single account. Past Performance and Materials: Past performance is not a reliable indicator of future results. Security is a top priority for PrimeXBT, and the iOS app includes several features to protect user funds and data. 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. Cardano has the potential for long term growth and adoption because to its distinctive features, scientific methodology, and dedication to scalability and sustainability. If for you, as for me, trading is not just a game, then you understand that PrimeXBT fees are really low. I mean I regularly check certain materials to make sure that there are no turmoil in the market, and it really helps me to manage open positions effectively. Thank you for your kind words and for choosing PrimeXBT. 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. However, the absence of custom price alerts was a notable drawback. Lendingplate Personal Loan App. So, what are you waiting for. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. I would recommend it to everyone. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Instant and reliable order execution. Cryptocurrencies have become highly popular because they can also be used as speculative assets. And it goes beyond crypto signals.

Restricted Jurisdictions

However, the absence of custom price alerts was a notable drawback. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Just as leverage can amplify gains, it can equally amplify losses, potentially leading to a loss of your initial investment. For more information, please click here. Test it out with a demo account using virtual funds. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Being honest, trading bitcoin is exhausting and it indeed takes a lot of energy. TradingView charts are also available, helping users analyze and make better decisions. 2 of PrimeXBT’s Terms and Conditions. Yes Bitget offers fiat on and offramp services via third party integrations. Depositing funds on PrimeXBT is really simple, though the only accepted currency is Bitcoin. 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.

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In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. There is an extensive range of assets that you can trade there. This commitment to security and transparency builds confidence among new traders. In 2019, 94% of orders were filled at the quoted price or better, showing the platform’s reliability. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Its intuitiveness and simplicity provided a pleasant trading experience. PrimeXBT isn’t just about cryptocurrencies. To trade Crypto perpetual contracts, go to the Trade dropdown menu, select ‘Crypto Futures’, and your ‘Margin Account’. Scan this code to download app. The fiat withdrawal process was straightforward but took a long time. Lately, I hear more often that someone is trading on this platform or opened trading account. Partnering with PrimeXBT offers a unique opportunity to earn significant rewards by promoting one of the most advanced trading platforms in the market. Also, I have been improving my knowledge using their forex courses, a 10/10 if you ask me. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. These benefits make PrimeXBT a strong contender in the cryptocurrency trading space. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Although not as flashy as some of the more sophisticated crypto exchanges like OKX and Gate. Lotta guides told me that it’s better to kick off with EUR/USD currency pair since it’s the most liquid one.

MarceloDias

As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Avoid this exchange altogether. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The most important thing that you should pay attention to when using technical analysis is that it is about probabilities, not certainties. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. CARDANO ADA/USD: The price action has experienced significant upward momentum over the past few weeks. Read this external guide to fully understand the MT4 app. 05% fee for all trades. None of the exchanges listed above like CoinEx, dYdX, and ByBit will ask for your social security number. Supported cryptocurrencies include. $2,000 by bank card. 3 billion fine for failing to comply with AML regulations. Find out how we combat fake reviews.

Mobile App for PrimeXBT

Io feature is another big plus. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. 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. All pending withdrawals are processed once a day, between 12:00 and 14:00 UTC. Crypto KYC, or Know Your Customer, is a legal requirement for centralized exchanges to verify the identities of their users. The order form also displays recent trades and order book data. Here are some key strengths and innovations associated with Chainlink. CTrader has always been popular with large brokers who care about their reputation and about the end user the trader. As with any Cryptocurrency, ADA prices remain highly speculative over such long time frames. It has a user friendly interface that makes trading smooth and easy. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. However, while PrimeXBT does not provide individual training or mentorship services, Namibian traders can easily benefit from the educational materials and community forums available to learn from peers and industry professionals. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. As of the provided information, the following countries are banned from using PrimeXBT’s services. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Tony’s nickname, “The Bull,” aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500. Here is a full guide on best XRP wallets and below is a quick overview. So, should you use mobile trading. 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. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. So, if you’re not sure what a ‘bull market’ is or how to read those confusing charts, PrimeXBT has your back. EMMY motivasjon and mestring – Telefon: 975 62 040. When you get stopped out of a leveraged trade, there is no need to immediately put another trade in the opposite direction. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0.