PrimeXBT’s Trading Contests – Not For Everyone

1.8.2025

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A Better WayTo Trade

Oil remains an important commodity globally and will have a demand for many years to come. Below is a short guide on how to set up your account and take advantage of this exclusive PrimeXBT promocode. As of right now, PrimeXBT does not provide a demo account. When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. In this PrimeXBT Crypto Futures review, I will examine what it has to offer, what it flourishes at, as well as its limitations, in an attempt to explain whether it is a useful and worthwhile toolkit for people who are interested in futures activities. This means that traders only need to put down 1% or 0. Date of experience: June 23, PrimeXBT trading 2024. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. This fee applies to both market orders and limit orders. Crypto Futures example. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The IRS may still be able to track crypto even if you’re using a no KYC exchange. Borrowing to profit from a financial instrument has a significant amount of upside, but there are downsides as well. @ 2018 2024 Crypto Adventure ®. This is in addition to providing education and tools they need to succeed, regardless of their financial experience. Ultimately, by carefully researching and comparing the available exchanges, you can find the one that best fits your needs and helps you reach your investment goals. In this case you need to make a full ID verification, which is always the case when fiat money comes into play. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. No, PrimeXBT operates without direct regulatory oversight. Compare and filter crypto exchanges based on support cryptocurrencies, payment methods, average prices, features, and much more. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. 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. 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. 05% fee for trading cryptocurrencies. Both platforms also utilize multi signature authorization for withdrawals and the movement of funds, meaning one bad actor can’t swipe the funds without secondary signature authorization.

PrimeXBT Alternatives

Note that you can only redeem a Reward amount less or equal to the amount of funds you have in the selected Trading account. Shiba Inu growth will be necessary, both in use and in the network, which will be crucial for sustained gains. More experienced traders can put their hands on less liquid coins as well. To put it into perspective, consider the following examples. WOULD strongly advise not missing on them. It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. But that is likely due to the ongoing court case between the US SEC and Ripple and its executives. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. It could be hard for them if they continue with new management.

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People avoid KYC in crypto for privacy concerns, to maintain anonymity, and to avoid sharing sensitive information like their identity or address. Bitcoin, Ether and all other cryptocurrencies markets’ live price. While it supports copy trading, the platform lacks automated trading functionality. Enter the desired withdrawal address and confirm the address via an email confirmation link. Platforms that include performance metrics, account statements, and technical analysis software should move to the front of the line. And please keep in mind that these are only valid for the period of time surrounding the writing of this article at the end of November 2023. 01% and a Taker Fee of 0. That’s why we offer some of the lowest fees on the market. During the month of October, we are giving 10 traders a scarily generous $1000 trading bonus. The stop loss order is one of the most crucial tools when trading crypto because the market is volatile. Choosing the right crypto trading platform in the USA depends on your specific needs and trading style.

Trade your favourite marketsTrade your favourite markets

All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. Swing trading is a short term to medium term trading style. It is worth noting that Perfect Money charges the 1. Plamen’s favourite trading instruments include FX majors and gold. The atmosphere and look of the exchange’s website did not suit me. The file is verified secure by PrimeXBT. Especially when it comes to sharing your story and your thoughts on the internet. Overnight Financing is incurred any time a position is carried into a new trading day, at 00:00 UTC. Only to find that you chose the wrong exchange for your needs. There are many trading strategies to choose from for trading Bitcoin. ” The system will validate the code and apply the corresponding bonus to your account. Yes, using the in wallet exchange feature, you can exchange BTC, ETH, USDT, USDC and COV amongst each other, directly in your PrimeXBT account. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. However, such rallies do not usually last for very long. Additionally, withdrawals to a bank card come with a hefty 5% fee. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Nonetheless, the final outcome of the SEC vs. We personally contact support using all available methods and present hypothetical problems that users might face. You can only withdraw fiat using the same payment method you used for deposits. From beginners with a standard account to seasoned professionals with platinum accounts, each tier is designed to provide specific benefits that enhance the trading experience. If you are a beginner trader in short selling, margin trading should stand as one of the options that you should most definitely consider. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This sets it apart from other trading platforms. The platform employs industry leading security measures to protect user funds and personal data.

Weekly Live Contest – Dukascopy

We may receive a commission for purchases made through these links. Here are the main points of a powerful copy trading strategy. Yes, PrimeXBT may charge other fees such as inactivity fees, data fees, and fees for premium services. Make sure you understand the difference between Spot and CFD trading before getting started. Hedging capabilities let traders offset risks. By combining convenience, speed, and trusted local solutions, we’re supporting traders every step of the way. Users can trade long or short to enhance earnings through rising and falling markets. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Aave’s price is getting squeezed tighter, pointing to a possible big move soon. The registration process is quite simple. Risk warningBefore 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. Profit from the markets by following the experts. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Visit now to find the answers you need. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 90 cryptocurrencies. Know Your Customer KYC might be completely outdated and replaced by other methods of identity verification, using AI or even smart contracts. Starting Price: Available on Request. PrimeXBTs “Academy” is an educational resource center to help traders become more informed and confident in their trading decisions.

Coin Marketplace

These services are governed by the legal terms and conditions of PXBT. Unlimited via Perfect Money. Best regards,The PrimeXBT Team. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. The fee is applied in addition to the spread. It is important to note that PrimeXBT isn’t just a cryptocurrency exchange. 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. This section will provide an overview of the different leverage options on PrimeXBT. 15 per 1 ETH, while BTC financing fee is $8 per 1 BTC on average. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Without regulation, users have limited protection or recourse if the platform is compromised or shuts down. Technical analysis is a methodology utilized to make sense of an asset’s anticipated long term value and growth prospects by examining chart patterns, trend lines, and other signals instead of statistics and data. Risk management is a focus on taking measures to protect against potential capital loss associated with trading and investing. KYC adds an extra layer of security and helps reduce fraud on platforms. 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. With PrimeXBT Copy Trading, just follow experts and copy their trades to start your trading journey. PrimeXBT offers a variety of withdrawal methods to accommodate traders from different regions and with varying preferences. PrimeXBT integrates TradingView charts, which is a nice feature. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Requests submitted before 12:00 are processed on the same day, and after 12:00 are postponed to the next day. Select the Crypto you want to withdraw. Both platforms offer robust support, but their approaches to education and customer assistance may influence your choice. However, the broker does not provide Islamic accounts for swap free trading. The platform also offers multi chain support, enhancing accessibility and ensuring users can trade across different blockchain ecosystems. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. By understanding these factors, traders can make informed decisions about their trading activities and ensure compliance with local laws. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. It is a great diversification hedge. Because the Crypto market is always on, this is especially important.

XRP Whale Activity Hits Four Year Low: What Does It Mean for Traders?

PrimeXBT enjoys a solid reputation within the trading community, with users frequently praising the platform for its advanced trading tools, high leverage options, and responsive customer support. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Taking Binance as an example, if your daily withdrawal limit is less than 2 BTC, you don’t need to complete KYC to withdraw crypto. PrimeXBT takes pride in offering this feature as part of its unique selling proposition. However, I wish there were more technical analysis tools available. This section will unveil the mechanics behind leverage trading and how it applies to the exciting world of Cryptocurrencies. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Some products and/or services might not be covered by the Compensation Fund. Users of the crypto exchange can receive various bonuses and take part in contests and promotions with cash prizes. Com is operated by PrimeXBT Trading Services LLC an entity that is not established in the EU or regulated by an EU National Competent Authority. Risk management involves identifying potential risks, assessing their impact, and implementing strategies to mitigate them.

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Staying informed and proactive about fee management is key to successful trading. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. Combining low trading fees with competitive reduced financingcosts empowers traders to maximise profitability across strategies. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Here are just a few of them. Join KoinX today to make your crypto tax easier. Lotta guides told me that it’s better to kick off with EUR/USD currency pair since it’s the most liquid one. 📌Understand the market more deeply with leading Traders Union expert Anton Kharitonov and his team. However, there’s also the daily funding rate that you have to consider since this is leveraged trading. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. If the price falls by 10%, you can repurchase it back for $4500 and return it to the exchange. This is a break down weekly analysis of Natural Gas. We also appreciate your recommendation of the indicators for new traders. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Here’s what you need to know. PrimeXBT only offers one account type that includes all of the broker’s services. Here are 8 tips for writing great reviews. PrimeXBT is a perfect match for copy traders. Therefore, the risk of unauthorized access or orders is minimal. Copy trading fees are also charged similarly. Registration is simple and quick, and requires no minimum deposit to begin trading. You can open an account and start trading with just your email address. Creating an account with PrimeXBT is a quick and straightforward process.

BALEINE Affiliate Program

Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. Some products and/or services might not be covered by the Compensation Fund. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. To open an account, you must provide your email address and create a password. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. Although fiat to crypto purchases via credit or debit cards can incur higher fees due to third party processors, the rest of the fees are well below average. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. 2 of PrimeXBT’s Terms and Conditions. It’s useful for those who want fast and lightweight interactions with the platform. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Switching markets and searching trading pairs on PrimeXBT is straightforward. Using the PrimeXBT mobile app, you can deposit, withdraw, and view transaction history directly from your iPhone. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. This scalability makes POL ex MATIC an appealing long term asset, especially with rising interest in decentralized applications dApps and DeFi projects​. However, it’s crucial to consider that these predictions are speculative and subject to various factors, including regulatory developments and overall market conditions. Though if you know your way around a trading chart and have some experience, you won’t find any glaring issues with either PrimeXBT or Bybit in terms of user friendliness. Binance, one of the world’s largest cryptocurrency exchanges, offers a copy trading feature that allows users to replicate the trading strategies of experienced traders. Volatility creates an opportunity to make profits, but it also increases the possibility of loss. Another way to contact them is via Telegram or Twitter. PrimeXBT was founded in 2018 with the intention of creating a reliable and efficient platform for trading Bitcoin and other cryptocurrencies. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. As mentioned, you can also trade forex, commodities, and stock indices. Traders can also use leverage of up to 200x, meaning they can get started with a smaller initial deposit. We’ve got you covered with access to 100+ global markets on one platform. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. These fees include trading fees, spread costs, overnight financing fees, and more. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No.

GoyoCruzAponte

For example, there are a number of customization options which allow users to alter the appearance of the charts. Trading hours may be affected during the holiday period. The team conducts periodical stress tests and security audits to ensure compliance with the strictest security standards in the industry. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Traders heavily rely on various indicators to recognise and predict particular market movements to plan out their trades. 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. PrimeXBTs “Academy” is an educational resource center to help traders become more informed and confident in their trading decisions. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Let’s now find the answers to all these questions in our complete review of PrimeXBT. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The platform’s robust infrastructure and compliance with international regulations enable it to offer reliable and secure trading services across these regions. The required margin is different for each trade, so make sure your account is appropriately funded. Before we get started, PrimeXBT offers the following highly sought features. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Description: Litecoin is a spinoff of Bitcoin’s code, increasing the supply by four and making transaction speeds faster overall. The reason for this is simple: your free margin depends on the unrealized profits and losses of your open crypto trades. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Some say that although the signals are largely accurate, sometimes they might be not be spot on, which if you’ve spent any time on the market you know happens occasionally. Scan the QR code with your device’s camera and get APK file. By 2026, Polygon POL ex MATIC is expected to solidify its position as one of the most reliable Layer 2 solutions for Ethereum.

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With the recent concerns around the world for global stability and the possibility of contagion when it comes to debt markets, that also can push a lot of money into safety assets such as Gold. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. PrimeXBT’s privacy based approach requires zero personal information, only a crypto deposit, so the capital that is deposited is all that is risked. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. And what about the other key features that make this platform worth your time and money. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. A stop loss order will specify a certain level of price that will trigger the sale of an asset or, in the case of a short position, the buying back of that asset. Those who are the providers of strategies for autocopying also make profit, as users pay them a certain percentage of profit for subscribing to their trading. However, our editorial content remains unbiased, reflecting our own opinions or the general information available. PrimeXBT has developed its own trading platform with advanced charting capabilities powered by TradingView. If you use this specific link you will get a very valuable FREE bonus if you meet the deposit requirements. Because the spreads are flexible, traders can take advantage of better pricing when there is a lot of liquidity. There are other factors that you also need to take into account, such as the risks the trader takes to achieve his results, the traded markets, the average winners and losers, and the winning percentage, to name a few. 😊Best regards,The PrimeXBT Team.