Customer Support and Resources

As the broker continues to innovate and grow, it remains focused on providing the best possible trading experience for its clients in South Africa and beyond. 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. You should consider whether you understand how leveraged products work and PrimeXBT bonus 50 whether you can afford to take the inherently high risk of losing your money. Thanks to PrimeXBT’s data rich leaderboards, it becomes easy for copy traders to pick the absolute best managers to follow based on fully transparent historical performance data. For those who haven’t completed any KYC, you won’t be able to access earn products and your daily withdrawal limit is 20,000 USDT. Also, there are no fees for depositing cryptocurrencies. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. We’re here to help make your trading experience as effective and enjoyable as possible. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. Let’s say you’re trading with a $5,000 account and with a 100:1 leverage ratio.

What unique features does PrimeXBT offer?

In other words, you need to have at least $300 in your account to open that trade, or you’re at a high risk of receiving a margin call. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Click on the ‘Register’ button located at the top right hand side of the webpage on the website and then enter the required details and submit. PrimeXBT Trading Services, S. The current market cap is at $139. This bonus provides a valuable opportunity to increase your trading capital, offering more flexibility to open positions without requiring additional personal funds. The process takes just a few clicks and less than a minute. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. They can trade various assets, including stocks, options, futures, and currencies. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. As with any other digital currency, it has it’s flaws. WalletInvestor also highlights that institutional interest in decentralized platforms like ShibaSwap will likely push SHIB’s value upward over the next decade. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Oil has started the new week retreating another 0. Bonuses are real funds that can be used in trading cryptocurrency instruments in the PrimeXBT platform, but without the possibility of withdrawal from the account. Cryptocurrencies are also available for buying, selling and exchanging via Visa/MasterCard and PrimeXBT cryptocurrency wallet. PrimeXBT has not provided an explicit reason for this, but it can be deduced from their stance on financial safety that it was implemented as a type of implicit risk management protocol. Reply from PrimeXBT Copy Trading. As a derivatives trading platform, PrimeXBT does not offer any spot markets. Compare the markets and instruments offered by PrimeXBT and its competitors. Crypto Deposits: PrimeXBT offers free crypto deposits. It involves analysing the patterns and trends over time to help you understand when to enter or exit a position.

◾️What is slippage?

Both platforms provide access to a variety of financial instruments beyond cryptocurrencies, including forex, commodities, and indices. The PrimeXBT app brings the power of trading to your fingertips, ensuring you never miss an opportunity in the dynamic world of finance. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. PrimeXBT has not gone public yet. Users must prove their identity with another device. Hello Emre,Thank you for sharing your amazing feedback about PrimeXBT. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. I opened this long position with a tight stop loss. PrimeXBT’s Demo account is available on Web, iOS and Android. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. To start interacting with PrimeXBT, you need to open an account on the exchange. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users’ trading activity to their respective identities. Technical specifications are the features of the network underlying a token. Thank you for choosing PrimeXBT. The platform offers a unique sliding leverage system with up to 200x crypto leverage trading on crypto. You can also sort markets by name and 24 hour change. PrimeXBT is an acceptable choice for day traders. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. The newly developed Home/Main screen will include all important information on wallets, accounts, and other relevant products in an aggregated and organized manner. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT allows its users to access multiple markets from a single account. 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. Its advanced charting tools, quick execution times, and intuitive interface are well known features of the platform. Any withdrawal requested after 12:00 UTC will be processed on the next day. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. This section will discuss the risks associated with leverage on PrimeXBT and provide strategies for managing these risks effectively. For traders who act quickly on market changes, these features are a big plus. Before diving into leverage trading, it’s crucial to understand the risks involved.

Do not reveal personal information

Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. The complex interface is unsuitable for inexperienced traders. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. In general, the KYC verification procedure is not complicated and goes quickly, after which you will have additional opportunities on the PrimeXBT exchange. However, it faces stiff competition from a crypto and blockchain space that has grown significantly over the years. However, any withdrawal requested after 12:00 UTC will be processed on the following day. This makes it a good choice for traders who want to diversify.

Help Center

Prime XBT Introduction. This information is general in nature and is for educational purposes only. Send Crypto to anyone, as long as you know their wallet address. 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. Covesting Copy Trading is beneficial for new traders looking to learn trading strategies by analyzing successful trades, as well as for those seeking passive income. Reports: Users can view trading and transfer histories via the Reports page. For example, if you deposited with Volet, you must also withdraw using Volet. With a 100:1 leverage, the required margin would be 1% of your position size, i. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Their initial investment is magnified by the platform, to help them to make larger trades. 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. This table provides a quick reference to the key types of trading fees on PrimeXBT and their typical rates. Information regarding past performance is not a reliable indicator of future performance. These products are not suitable for all investors. Crypto Futures example. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Returns or profits may be subject to capital gains tax. I guess the global markets are just for fun idk. The PrimeXBT trading platform is tailored for both experienced users as well as beginners and provides a clutter free experience despite its many advanced features. For fees, Bybit follows the standard Maker/Taker fee model meaning that they charge traders a fee if they take liquidity off their books and give them a rebate if they provide liquidity to the exchange. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. If you do not see this then it means that you could be on a phishing site and should leave immediately.

Restricted Jurisdictions

This section outlines the foundational concepts and reasons behind the necessity of payment verification on PrimeXBT. As the market price increases, the trailing stop price moves in tandem with current price move, maintaining a specified distance from the market price. By following these steps, you can complete the KYC process on PrimeXBT efficiently and ensure compliance with regulatory requirements. Charts allow traders to perform technical analysis to identify entry and exit points. Details are as follows. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Thank you for trading with PrimeXBT. 2 of PrimeXBT’s Terms and Conditions. You can also sort markets by name and 24 hour change. This is why money management and using stop losses is a crucial part of trading. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania.

PrimeXBT:

The platform provides a variety of free deposit options for both crypto and fiat. In this scenario, a 10% price increase would yield a $500 profit. MEXC is a global crypto exchange without mandatory KYC. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Customizable charts, technical analysis, and leverage trading enhance the experience, creating successful traders anywhere in the world. 88, that percentage increase becomes an almost unfathomable 18134%. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. It also means that Litecoin’s price can never reach as high as Bitcoin’s. You can reset your account password using the Password recovery feature. Experience hassle free deposit and withdrawal options with PrimeXBT. Success hinges on selecting proficient traders, effective risk management, and market comprehension. Read Also: Litecoin Price Pumps, Analyst Says ‘It’s Time to Pay Attention’ to LTC. These products are not suitable for all investors. It features customizable interfaces, TradingView charts, and competitive fees, providing flexibility for traders. This powerful volatility makes Litecoin an excellent asset for trading, even more so than an investment. Go to My Account and select the tournament you are interested in and click “Join”. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. Most crypto assets stored by the exchange are kept in cold storage i. Providing financial education to those who need it most has always been a passion of mine. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. User can buy bitcoin and other cryptocurrencies with a credit card or any crypto wallet. Unlimited via Perfect Money. Get a modern CFD trading experience in your web browser, no downloads required, with the easy to use PrimeXBT WebTrader. It is a great diversification hedge. An ETF, or exchange traded fund, is traded on a typical stock market exchange and is made up of several different stocks. Trade Crypto, Indices, Commodities and FX with up to x1000 leverage, allowing you to maximize your profit potential and earn from both rising and falling markets through CFD contracts Contract for difference. The benefits include high leverage, which equates to low margin requirements, making it ideal for short selling Bitcoin. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Everything we do is in service of our clients and their best interests.

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Step Three: Select Trade Duration. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Register an account with PrimeXBT. Ja, Handelsgebühren beinhalten in der Regel Spreads, Kommissionsgebühren und Übernachtfinanzierungen Swap Gebühren, abhängig vom Vermögenswert und der Plattform. Once your deposit is finished, your wallet balance will be updated and you are ready to trade and you must now fund your ‘Trading account’ by clicking the button in your account section. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. In other words, you can borrow 50% of any purchase, but need to provide the other 50% yourself. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. Staking COV tokens unlocks advantages such as using COV as collateral for leveraged trading, reduced entry fees, increased profit share, extended following limits, lower trade fees for strategy managers, and higher APY on yield accounts. Best regards,The PrimeXBT Team. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. PrimeXBT offers many ways to fund and withdraw money, fitting different needs. Account replenishment. There’s no KYC, and at no point will Uniswap ask for your personal details. Deposits through third party services, such as Paxful, Coinify, Xanpool, CEX. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Shortly afterward, the market rebounds, missing out on potential gains. By using these orders, you can determine your cost basis. In other words, if the position gets liquidated, we lose the position and the money we used to open the position. Choose Deposit Method. These products are not suitable for all investors. Just like any other financial market, cryptocurrencies move in cycles. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No.