WHAT THE HeCk HAPPENED?! I PUT IN A $60 short PERP position and IMMEDIATLEY got a liquidation email and the price hasn’t even moved ? Then it says I have a liquidated Long position? WhT the bro

In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Total for moving the position to the next day your account will be debited: 0. This feature can lead to big wins, with some strategies offering up to 75% profits. Placing a buy order involves selecting the type of order, entering the desired amount, and executing the trade. These practices will help you optimize your trading strategy and achieve your trading goals on PrimeXBT. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. This focus on technology shows in their tools and services, helping traders move through different markets easily. Additionally, it offers Copy Trading, enabling users to automatically copy the trades of successful Strategy Providers. Returns or profits may be subject to capital gains tax. Traders can use various strategies such as scalping, day trading, swing trading, breakout trading, and news trading, depending on their trading style and market conditions. A critical indicator to monitor will be the U. In his current role, Mr. Be sure to consider how to protect yourself from fraudsters who see cryptocurrencies as an opportunity to bilk investors. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. In the following lines, we’ll provide detailed tips on margin trading, so that it impacts your bottom line in a positive way. Exits can be prepared for ahead of time, to avoid losses and ensure gains are booked. To this extent, PrimeXBT is one of the most client oriented crypto exchange and trading platforms. It’s important to review the specific fees for your chosen withdrawal method directly on the PrimeXBT platform before initiating a transaction. The platform uses advanced security measures such as hardware security modules HSMs rated FIPS PUB 140 2 Level 3 or higher, cold storage with multisignature technology, 2FA, withdrawal address whitelisting, and encrypted personal data.

Trading Experience

From the money making perspective. This can be an additional source of income for traders. Keep learning and happy trading. Luhansk People’s Republic. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. These measures foster a high level of trust among users, ensuring peace of mind while trading. PrimeXBT Trading Services, S. This review will cover the key features, fees, and pros and cons of using BYDFi. These products are not suitable for all investors. When your friends deposit, trade and meet the requirements, you will get your reward. This sets it apart from other trading platforms. Security is a top priority for PrimeXBT, and the iOS app includes several features to protect user funds and data. There are no e wallets available and this makes it difficult for some international customers to deposit. However, our platform provides a multitude of other enticing features, including a welcome bonus, diverse rewards, and a range of trading opportunities across global markets. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. We’ve got you covered with access to 100+ global markets on one platform. Check out the fees section to confirm the exact fees on the day. I also tested the fiat withdrawal process, using Volet. I would recommend it to everyone. To deposit Crypto, click the ‘Deposit’ button on the Main page. While PrimexBT offers a compelling solution for crypto copy trading, it is crucial to note that determining the best platform depends on individual preferences and requirements. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

More comparatives Primexbt and Bitmex

In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. PrimeXBT offers a wide range of asset classes, including cryptocurrencies, forex, commodities, and indices. PrimeXBT stands out as one of the PrimeXBT (Cy) Ltd best leverage crypto trading platforms in the industry. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. While for a long time it seemed like DOGE was struggling to stay above $0. Email Newsletters and Forums. 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. Open the downloaded file and tap Install to complete the installation. If you see the value of your investments fall quickly or simply enough, your brokerage can sell them without notifying you. Select it in the drop down menu above and click “Compare Now”. There are quite a few day trading strategies, but one of the most popular is momentum trading. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. PrimeXBT is a perfect match for copy traders. Learn more about Baksta’s Legal Terms. Information written by the company. However, the reality is quite a bit different than that. PrimeXBT aims to keep withdrawal fees competitive, but traders should be aware of the specific costs associated with different withdrawal methods. Newsletters often provide subscribers with early access to promotions and special bonuses that aren’t always available publicly. Users can view a detailed breakdown of fees associated with using the platform. 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. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program.

Award winning platformAward winning platform

The PrimeXBT affiliate program uses the Affice affiliate software to manage its portfolio Worldwide. Are you an Apple user. Traders can customize their layout to suit their trading preferences, utilize various order types, and trade through their mobile app. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. None of the blogs or other sources of information is to be considered as constituting a track record. This is impressively fast and means that traders are less likely to experience slippage. However, the platform does reserve the right to request details should a transaction be flagged as suspicious. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. If company “ABC” was a technology company, they may choose to short Microsoft while holding the longer term position in ABC. With a unique link, earn payouts from trading commissions paid by your referrals. Copy trading has potential for profit by leveraging experienced traders’ moves, but it’s not without risks. There are four available order types. 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. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 🔝Best for: Traders in the US who need a secure platform. I know it seems like crypto is the only thing they provide, but it is just their point of marketing as they have emphasized crypto. Just log in on PrimeXBT and start trading instantly, no app required. The smallest unit of Bitcoin is called Satoshi which has a worth of 100 millionth of a Bitcoin. The bullish reversal chart pattern is good for application when the asset is predicted to react positively on the market and promises a likely increase in value. Notably, there are no trust scores from CoinMarketCap and CoinGecko. 5 for PrimeXBT and 3. The data listed below may be used to monitor your activities across other applications and websites not owned by the company.

PrimeXBT Daily Withdrawal Limits

Prices will also consolidate when trading volumes are low. Quite often, traders from other markets find the commodity trading works out quite well and are typically a lot less noisy than some of the other markets available. Throughout the year, crypto holders expected Bitcoin’s price to correct, but it has maintained a steady positive trend. Here is our list of top 10 no KYC crypto exchanges. Copy trading can be profitable, assuming you copy the correct trader. Also, do not use the same password for your email and for other services, as this could compromise your account should someone get ahold of your credentials. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. PrimeXBT presents an interface that’s both customizable and user friendly. When thinking about Cardano or any other cryptocurrency, investors should do extensive research, evaluate their risk tolerance, and diversify their portfolios. Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between. If the issue persists, contact customer support with the transaction details for further investigation. Via the Trade page, PrimeXBT provides details on. By batching transactions together, the platform effectively reduces the cost per transaction on the network, benefiting users by lowering their withdrawal fees. Information written by the company. Ripple, or as the token is known as, XRP, is an interesting investment opportunity as it is entirely run by its parent company — Ripple. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. The opinions expressed here are the author’s alone. :Just a joke, the platform is a user friendly one according to my experiece. We do not recommend investing money you cannot afford to lose. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. 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. Only One Active Bonus Per Transaction: Typically, PrimeXBT only allows one bonus to be applied per transaction. Fundamental Analysis: The BoE left the rates unchanged giving a minor lift to the GBP. 02% for takers when you remove liquidity and 0. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. 2024 00343, having its registered office address at PKF Corporate Services Ltd. There is Bitcoin trading with leverage up to 1:1000. If their trading strategy makes you too nervous, you may fidget with the positions and not let the strategy work out overall. Check out these trading options.

We encourage constructive feedback

Binance also offers additional features such as staking, savings, and token launches. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Earn up to 75% of profits as a follower, while providers benefit with up to 20%. PrimeXBT is 34 in our rankings of CFD brokers. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Check your emotions: Don’t letfear, greed, ego or other emotions cloud your analytical judgment when trading. Most of the codes available online are invalid, expired, or spam. It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks. Backtesting means that you are looking through historical data to see how your system would have performed. Brand operating since. Not all Stocks are created equally. Unlimited for verified users. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. To minimize trading fees, consider increasing your trading volume to qualify for discounts, choosing assets with lower fees, and using limit orders to take advantage of lower maker fees.

Sep 6, 2024

Life is full of startling turns, and career ways are no exemption. Click “Join” to enter the competition. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. The Economic Forecast Agency has a different take on ETH’s market price in the future. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. This includes most “signals” groups which may also be PnD groups by disguise.

Risk warning

For example, if you deposited with Volet, you must also withdraw using Volet. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. The current positive trend has led to predictions that Bitcoin could now continue its bull run into the end of the year. Cryptocurrency Withdrawals are the primary and most convenient method on PrimeXBT, offering fast processing times and flexible asset support, but incur network fees depending on the blockchain. PrimeXBT’s advanced tools include TradingView integration, a proprietary order book, and advanced charting for informed trading decisions. OKCoin is a platform to get verified, funded, and track assets across all screens. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Understanding these fees will help you plan your trading activities more effectively. It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. If the app is unavailable in your region, you can still access it through direct download from our site. During testing, I received fast responses with a reasonable level of detail. This article is not intended for residents of the European Economic Area or the United Kingdom. This one of the reasons why PrimeXBT is so attractive to cryptocurrency traders. PrimeXBT presents a competition for trades to participate in the race and with a prize in the Tither wallet.

Anak Boonmee

Effective management of overnight fees is essential for maintaining profitability on PrimeXBT. Regulatory requirements and restrictions can have a significant impact on traders using PrimeXBT. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Understanding these potential charges can help you avoid unnecessary costs and make the most of PrimeXBT’s services. We have always used the latest technology to improve the services we provide to our clients. I have explained how this company offers isolated and cross margin futures contracts, its highly accomplished and customizable dashboard, and even the PrimeXBT copy trading module. 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. The ability to explore different strategies with various types of margin gives you flexibility in how you trade and manage risk. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. Should you have any more queries or need further assistance, please feel free to reach out to us at. It is followed by Ethereum, which is labelled the largest altcoin. PrimeXBT integrates TradingView charts, which is a nice feature. There is also no news of hacks and funds being stolen from the crypto exchange. There are several strategies that traders can employ to minimize these costs. Visit our Help Centre. Visit our Help Centre. Reputable crypto casinos use advanced security measures such as encryption and two factor authentication to protect user data and funds. Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. 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. Mainstream acceptance: The approval by regulatory authorities signifies a growing acceptance of Ethereum as a legitimate asset class. Hedging is an advanced risk management strategy that requires some trading experience before you know how and when to apply it. Wondering how PrimeXBT works. PrimeXBT integrates TradingView charts, which is a nice feature. Unlimited via Perfect Money.

Events View All

Information in articles published by guest authors does not go through fact checking procedures, so we kindly advise you to do your own research. The platform also offers a comprehensive help center with tutorials, FAQs, and articles covering various aspects of trading on PrimeXBT. PrimeXBT uses Cloudflare’s technology to protect itself against DDoS attacks while their in house security team conduct regular tests and implements measures to safeguard the platform. It’s great that you’re also conducting your own analysis to complement the insights we provide. In September the price initially recovered as investors anticipated the implementation of Vasil, with ADA hitting a high of $0. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Now, it supports more than 10 blockchains including Arbitrum, Polygon, and Optimism. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. Under the new regulations coming for crypto in the US, it’s likely both centralized and decentralized exchanges will implement more KYC processes in order to issue Form 1099 DA in the coming years.

Deposit and Withdraw

Prime XBT Trading Services, S. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Gold is an established and mature market for investable assets. In that scenario, the trader’s initial $6000 is now $3,360. Last but not least, the “HODL” strategy is quite popular among some Bitcoin traders who have a positive long term outlook for the coin. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. PrimeXBT Trading Platform, Mobile App. It allows traders to control larger positions with a smaller amount of capital. Even beginners can open an account and load it with Bitcoin BTC or other crypto assets in minutes. Scan the QR code with your device’s camera and get APK file. You can choose the size of the position that you want to create. As Ripple aims to revolutionize cross border payments, partnerships with banks and financial institutions can drive up XRP’s price. The platform is user friendly without compromising security, which is yet another reason for more experienced traders to prefer it. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. PrimeXBT, on the other hand, also offers major and minor forex pairs, global stock indices, energies such as crude oil, plus precious metals like gold and silver. $2,000 by bank card. Keep an eye on us for more updates and new features. Returns or profits may be subject to capital gains tax. 99% fee, not PrimeXBT. $2,000 by bank card. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs.

Office

Lately, I hear more often that someone is trading on this platform or opened trading account. The Economy Forecast Agency believes that BCH will be a lot more sluggish than Digital Coin Price believes, with it languishing over the next several years. 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. Bitstamp is a cryptocurrency broker based in Luxembourg that launched its service in and offers individuals to buy and sell more than 43 cryptocurrencies. 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. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. To learn more about how PrimeXBT transactions are taxed in your country, we recommend reading our in depth guides to cryptocurrency taxes. By offering a range of account types, PrimeXBT accommodates diverse trading needs and preferences, ensuring a tailored experience for every user. During the late 2017 and early 2018 cryptocurrency hype bubble, few crypto assets or altcoins received as much buzz as. In addition to volume, other helpful indicators have been developed to add to a trader’s arsenal and offer even more changes to determine future price movements before they occur. PrimeXBT also offers a comprehensive support section, where you can find FAQs, educational resources, and customer support. Overall, PrimeXBT combines advanced security features with user friendly options to offer one of the most secure trading platforms available. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Users can withdraw from the wallet trading account by navigating to the Main page of their account and clicking “Withdraw” for the currency they wish to withdraw. Traders can create, customize, and implement EAs to execute trades automatically without constant monitoring. It allows users to swap over 1,500 cryptocurrencies across various networks without requiring an account or personal information. Trading Fees: The platform charges a flat trading fee of 0. Users have to put down a percentage of the required capital to take out a position. PrimeXBT stands out with its leverage trading options. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. Currently, official PrimeXBT GitHub Organization account doesn’t exist or wasn’t submitted. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. A margin call is when the value of your investments has fallen below the necessary collateral for the margin loan you have taken from the broker. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors.

Staking and Rewards

PrimeXBT is one of the best platforms for leverage trading as they will allow you to trade with a maximum leverage of 100x. 🌟 At PrimeXBT, crypto enthusiasts can snap up their favorite digital assets using MasterCard, Visa, and other convenient payment options. FTX Hacker Converts 50k Stolen ETH to BTC. You’ll receive a margin call if your free margin i. As stated above, KYC programs are designed to ensure the legitimacy of a market and avoid exposing clients to illegal activities. 27 you could’ve made almost 130% of your investment. Trading conditions are acceptable. PrimeXBT places a high emphasis on security. Diversify across more than just Crypto. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled.