Is PrimeXBT user friendly for novice traders?

To view or add a comment, sign in. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Opening a trading account typically requires some personal information, such as a full name, email address, personal address, and much more. Due to increased regulatory pressures, these platforms must adopt comprehensive KYC processes. The Shiba Inu token price peaked in November of 2021 with the highest of Ví PrimeXBT $0. These products are not suitable for all investors. PrimeXBT offers some of the lowest fees in the crypto trading market. Additionally, withdrawals to a bank card come with a hefty 5% fee.

PrimeXBT’s Unique Features

I can’t recommend them. The platform allows you to deposit any amount that is sufficient to cover the required margin for your intended trades. Crypto trading is one of the most popular ways. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. If you do not see this then it means that you could be on a phishing site and should leave immediately. Some examples include the United States, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, United States minor outlying islands, American Samoa, and Russia. No, PrimeXBT does not charge an additional fee for the manual review of a withdrawal request that triggers a suspicious activity alert. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions.

◾️What is a Trading day?

Visit our Help Centre. By following these guidelines, you can protect your data and restore it if needed after resetting. PrimeXBT provides users with an extensive, 4 tier Referral Program, allowing them to earn commissions by introducing friends to the platform. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. It is important to remember that Take Profit/Limit Buy orders are triggered when top of the book ASK quotes reach the price specified in your TP/Limit Buy order. But the perks of trading here are not limited to that, such as leverage crypto trading, incredibly low fees, reasonable deposit requirement, no KYC policy and much more. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. For Bitcoin, it usually takes about 30 60 minutes, depending on the network congestion and required confirmations on the blockchain. Bitbuy is the perfect platform for any crypto investor no matter their experience who wants to ensure their transactions are safe and secure. You can take a long position that will give you profits when the price of a cryptocurrency rises. Any payments by Traders Union TradersUnion. Now, let’s focus our attention on the less positive elements of the PrimeXBT Crypto Futures review. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals. I’m sure you must have heard about many copy trading platforms and how they help place successful trades and increase the quantum of profits. Readers should do their own research. The financial markets are constantly evolving, and staying updated on the latest trends, strategies, and technologies is crucial for maintaining a competitive edge. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. Otherwise, please leave this website. 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. This multi asset platform allows traders to hedge positions, diversify portfolios, and leverage market movements. Switching markets and searching trading pairs on PrimeXBT is straightforward. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. 1% negative slippage. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Stop posting take promotionsThis is a deposit bonusYou have to deposit before they give 50. Trading involves risks, and there is also a potential for losses.

Developers

Traders benefit from stringent security measures like mandatory address whitelisting, two factor authentication 2FA, and SSL encryption. Over 40 active days, it has accumulated an all time profit of 72. It guarantees a secure and newbie friendly trading experience for over one million customers globally across 100+ asset pairs. They don’t trust a third party with their personal info. Hello Axel,Thank you for your feedback. Margin trading or investing is all about balance. Date of experience: February 20, 2024. This forecast is based on a comparison with historical price movements and market trends. Several options for the referral program;.

Top Wallets

It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Thank you for your feedback. The platform focuses on maintaining transparency and integrity, striving to provide a safe and compliant trading journey. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Compare the markets and instruments offered by PrimeXBT and its competitors. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Additional terms may apply to free offers. Then you can use XTBApi like this simple tutorial. Scan this code to download app. Comments:PrimeXBT is one of the best crypto exchanges I have ever worked on. In other words, PrimeXBT might require an additional review that could have you hand in some or all of the following verifications. /r/Forex is the official subreddit of FXGears. If not, the losses will be subtracted. Factors that can affect swap fees include central bank interest rates, exchange rates, and whether your position is long or short. Moreover, all users who sign up via our link can receive a 20% deposit bonus. Best regards,The PrimeXBT Team. In other words, it will more likely than not underperform BTC, but it also has a lot of its fortune tied to whether or not Bitcoin rallies or falls, as it does tend to move in the same general direction. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source. $2,000 by bank card. Otherwise, please leave this website. Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. This PrimeXBT guide and review breaks down the platform’s primary features and provides insights into the PrimeXBT user experience. The information provided here is not an invitation to buy or sell products, nor is it an invitation to make an investment or trading strategy. Specializing in CFD trading, PrimeXBT enables traders to speculate on asset price movements without owning any of the underlying assets.

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888Starz App Download for Android APK and iOS Free When players complete the wagering requirements for the bonus, the bonus amount is transferred to your cash balance and may be withdrawn;. Market trends and news can have a significant impact on the value of trading instruments. Not all trading or investment strategies are created equal, and some are better suited for each trader’s personal traits. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. We would suggest you use the web app as the first port of call and leave the mobile app for monitoring open positions and having to perform on the go trade maintenance. There are several other exchanges that can provide you with similar features and trading opportunities. Additionally, an encrypted Secure Socket Layer SSL adds an extra layer of security to the website’s traffic. Receive the latest news and stay informed. The DOGE futures markets are available at various places, allowing the trader to establish a short position as well. Isolated margin mode is safer, applied by setting a hard stop on losses by closing the trade when the minimum amount of margin is reached. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. Follow us to get the latest PrimeXBT coupons on Reddit. 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. Nous sommes toujours là pour vous aider. Information written by the company. Here are the trading fees on PrimeXBT. I verified my account and deposited it with my MetaMask🦊 wallet. However, there are some regions where PrimeXBT does not accept users, including. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Your trading account balance – used up margin falls below a certain threshold, in which case you’ll be asked to deposit additional funds if you want to keep your trades open. To evaluate the quality of customer services for diverse user needs, we created a unique trading test.

Desktop Version

A withdrawal requested before 12:00 UTC will be processed on the same day. We are no financial advisors. PrimeXBT has a watchlist you can easily customize and populate with the trading pairs of your choice. OpenPeer will never ask you for your personal details. Occasionally, PrimeXBT users may face an issue where, despite a successful deposit transaction, the funds do not appear in their account. Good luck in trading during such volatile times. Enter your phone number to receive a download link. The mission of PrimeXBT is to become a global leader in online trading, for any financial market, from Crypto to Commodities. Vincent and the Grenadines. PrimeXBT follows KYC and AML rules for a safe and legal trading place. The minimum order size for Bitcoin is 0. This can happen due to slippage or if the displayed chart price is based on the bid price, and your order was triggered by the ask price. So a 100x leverage means that if you have 1 BTC, you can trade up to 100 BTC. PrimeXBT is a technologically advanced cryptocurrency exchange suitable for both beginners and professional traders. 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. This means that for transactions to execute on the platform’s wallets, they need to authorize the transaction from a number of key holders. Plus, details like this can help those who enjoy copy trading on the exchange. Get In Touch With Us. Key sections include. This is fantastic for beginners who may not want to be daunted by every feature that PrimeXBT offers, as well as advanced users who would prefer a streamlined view that focuses only on the elements that matter to them. Neither PrimeXBT nor FTX can be used by US persons, and FTX instead offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX International’s selection. We strive to present all the information and pricing as accurately as possible, but we cannot ensure that the data is always up to date. Maybe the reason is because in order to revive, investors must see the brand value to invest more capital, what do you think is the brand value, the value of assets such as FTX’s patents. Some of the functions that traders can do are adding or removing widgets, colour coding the chart according to their preference, or even changing the spacing or shuffling panels around to create a highly individual experience. Signing up to PrimeXBT is a simple process. Thank you for choosing PrimeXBT. Factors such as Polkadot’s current market performance, upcoming developments in its ecosystem, and general market conditions will be taken into account. So, should you use mobile trading.

How to Increase Profitability With COV Token?

Bitcoin and its underlying technology, blockchain, are exciting projects that make international money transfers super fast and cheap. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, and financial instruments, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. PrimeXBT offers built in technical analysis tools from TradingView allowing traders to get a strong read on the market before ever taking a position. You can go to the main site of this program at:. Most crypto projects are open source, and you can monitor the activity of these developers to see if they are active in developing the network behind the token. Although you’d think a free Crypto signals provider may be dubious, as I mentioned above, they are often promoting their paid signals or the broker they work with. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. DR Domain Rating metric is a sign of the project’s website reputability that is ranked from 0 to 100 the higher the rank, the better reputability. Also, you can subscribe to its paid version for some additional perks and benefits. PrimeXBT has such low spreads, you know they are drowning in $$. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. $2,000 by bank card. When used correctly, a sufficiently margined position will amplify positive market movements, multiplying potential profits. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. The PrimeXBT cryptocurrency exchange is a one stop shop trading platform that supports trading cryptocurrencies, most major stock indices, commodities, and foreign currencies. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. ✅Click on the payment gateway or e wallet you want to use. The alternative, which is proof of stake, involves the power of an individual on the network being determined by how many coins they hold.

Restricted Jurisdictions

Navigation was intuitive, with all the essential tools and indicators just a click away. The standard execution speed does not exceed 20 ms. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Gemini is well suited for new and experienced traders, offers robust security features, and is available in all 50 US states and 70+ countries. With a monthly profit of 56. Presidential Election is upon us, PrimeXBT becomes ever more important. The trading platform is fully customizable which means that you can easily implement your own strategies and set things up in a way that suits your needs. Perform Market Analysis: Use PrimeXBT’s advanced charting tools and technical indicators to analyze market trends and identify potential trading opportunities. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. Talent Acquisition Consultant at Honeywell. You can track the status of your promo codes under the ‘Promo campaigns’ section. There are a number of different strategies to use that will promise either higher gains, or less work, and more manageable risk, but it is important for a trader to decide on what they want out of Day Trading first. We also offer the option to withdraw money. Bitcoin has a margin requirement of 1% 1:100 leverage. At PrimeXBT, we cater to diverse user needs with multiple deposit methods. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. We use dedicated people and clever technology to safeguard our platform. 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. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Chainlink LINK is currently trading at $ 10. Bitcoin thus has the properties to store value — and this is seen in its fluctuation market, but it also has the ability to be transferred. Select the ‘Deposit Crypto’ option. This allows for the trader to benefit from a much larger position than would normally be available. The only authorized PrimeXBT information sources are.

5 0

A quality trading platform must offer a convenient mobile application for iOS and Android, allowing users to trade from virtually anywhere, anytime. Bybit practices round the clock security monitoring and conducts regular security analysis checks. Happy trading, and thanks for choosing PrimeXBT. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. This is always a tricky aspect to analyse when writing up a review for advanced trading platforms. Although a slightly fantastical scenario due to the Dogecoin price, if a DOGE ETF is approved like Bitcoin, this will bring both renewed interest in the coin and attract institutional traders to the price of the coin. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Io feature is another big plus. On the other hand, there’s a flat 0. Victor Fabusola is a Blockchain and Crypto Content Writer. Following those traders can have a significant impact on your bottom line.

KONTAKT INFORMASJON

Leveraging smaller price movements can indeed be a strategic approach, especially when combined with our low fees of only 0. In fact, Bitcoin has been commonly referred to as digital gold. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. It automatically tracks the most important events in the finance world CPI rate adjustments, unemployment rate announcements and so on to make the trading strategies of clients more data driven. If you rank among the top traders, you’ll earn real money to trade with. So, should you use mobile trading. To make a trade, users simply need to choose an asset from the menu in the top left hand corner of the platform. We appreciate your feedback on adding more features for analysis. SSL Encryption Ensures that all data transmitted between the user and the platform is encrypted, protecting sensitive information from unauthorized access. Presence of a third party trademark does not mean that WorthEPenny has any relationship with that third party or that the third party endorses WorthEPenny or its services. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. During testing, I received fast responses with a reasonable level of detail. The responses were fairly detailed but lacked accuracy in addressing all queries. Well, it’s tough to catch these values, becuse they are usually wider, nevertheless it doesn’t mean that you will be ripped off by the broker and its liquidity providers. Pro Tip 💯️: If you need to have your query answered quickly and you are not getting a response through their ticket support system then you can always hit them up on their social media. 🎓Forex Webinars🎖️Trading Competitions. Kicking off the list, BTC to 100k has achieved a perfect win ratio of 100% across 21 orders, a testament to its flawless operational accuracy. We can help you choose the best SaaS for your specific requirements. We’re delighted to hear that you are satisfied with our services overall. The cryptocurrency world grew rapidly, with such contenders as Litecoin, Ripple, and Feathercoin jumping into the fray. I ain’t seen nothing like that before. However, PrimeXBT is not open to traders in the US, Japan, Canada, or Turkey. And only has seven crypto trading pairs available which is very weak. At PrimeXBT we process Crypto withdrawals instantly. The biggest weaknesses of PrimeXBT as a crypto exchange are the lack of crypto assets and the fact there is no Spot trading.

Worse

After a specific sequence of candle closes are met, the indicator will give a count down to a 9 or 13 buy or sell “setup. 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. On Polkadot, most of the fee is moved to Polkadot treasury, which is used by network participants to make suggestions and fund network improvements. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Returns or profits may be subject to capital gains tax. Returns or profits may be subject to capital gains tax. This marks a notable achievement as WEMIX’s inaugural venture into the European market, emphasizing the token’s role in facilitating a range of blockchain based activities, from gaming transactions to decentralized finance DeFi applications. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. These are supported on both iOS and Android devices. No, PrimeXBT does not currently offer any services to residents of the United States. The best coin for margin trading pretty much depends on your experience level and trading plan. Prime XBT Blog Has Moved To — primexbt. All pending withdrawals are processed once a day, between 12:00 and 14:00 UTC.