PrimeXBT Review 2025: Complete Exchange Overview

This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. Larger positions will require more margin and hence reduce exposure – and subsequently broader risk. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. Payment Methods: Debit card, credit card, cryptocurrency. Keep an eye on PrimeXBT’s social media for the latest offers. As the world’s second most popular meme coin, with a market cap of almost $19 billion, Shiba Inu $SHIB is a well established cryptocurrency. It’s reliable, with fast execution speeds, making trades 100% efficient. Perhaps you also trade on Coinbase or earn interest from BlockFi. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Scan the QR code with your device’s camera and get APK file. PrimeXBT is thrilled to announce that our community now exceeds 1 million registered users. Huge leverage that can be a double edged sword and no account verification the client doesn’t have to go through KYC procedure. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. In particular, decentralized exchanges may be more secure than centralized exchanges due to their non custodial nature. I conducted a series of tests and assessed that PrimeXBT provides very high quality support. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality.

Crypto traders thrive

As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. You can diversify your portfolio with various asset classes, including stock indices, commodities, forex, and metals. You can only withdraw fiat using the same payment method you used for deposits. We’re thrilled to hear that our support team exceeded your expectations and resolved your payment issue quickly. She has written around 30 analytical articles on cryptocurrency rate dynamics, reviews of financial companies and large joint stock companies. When using live chat, I usually received a response within 2 minutes. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. This is because markets can move based on headlines, which can come anytime. The risk was only $5 on GBP/USD, and my balance was around $316. Analyse the markets with powerful charting, to better identify opportunities. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. By implementing these strategies, traders can effectively manage their trading fees, thereby maximizing their profitability on PrimeXBT. The price will consolidate after a steep uptrend or downtrend. Returns or profits may be subject to capital gains tax. The most common reason for an investor or trader taking advantage of a margin account over a standard cash account is to utilize leverage. It is the job of the CME to mix and match orders to keep an orderly market.

What happens if you lose a margin trade?

Founded in 2018 by a former Google manager, Crypto Rand is now composed of more than five crypto and trading experts, that want to help you navigate the market and guide you when investing in STOs, seed rounds and equities. PrimeXBT review is PrimeXBT FX an emerging cryptocurrency exchange based and registered in Seychelles. Regulations can affect various aspects of trading, including account verification, transaction limits, and the availability of certain trading instruments. Charts: TradingView powers Charts on PrimeXBT. One of Dogecoin’s biggest fanboys is none other than the less than serious billionaire Elon Musk. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. In the illustration above, you can see that the current price action is positioned within the “re accumulation” phase. I also like their security measures which assure me my account is cyber attack free. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Attention is paid to technical, fundamental, and economic analysis. PrimeXBT regulation and security components. Leverage amplifies your trading power, letting you control much larger positions compared to your initial deposit. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. 01% charge for taker futures orders. These criminals will often use familiar photos associated with PrimeXBT in order to convince users of their validity. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No.

Coin Search

But PrimeXBT has gone the extra mile and now allows you to buy Bitcoin using your credit card. © erin outdoors 2024 Privacy Policy Terms and conditions SITE CREDIT. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. In accordance with our Terms and Conditions, certain products, services, or promotions may be restricted or unavailable in specific jurisdictions. The responses were fairly detailed but lacked accuracy in addressing all queries. However, it’s important to remember that leverage is a double edged sword. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Whether you have years of experience with trading or if you are new to the scene, you will be able to use our social trading service and complete your educated trades using PrimeXBT. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Congrats on making the top 5 twice—that’s impressive. If you need more information on shorting cryptos, BeInCrypto has a detailed guide on just that. Behind some of those projects stand the world’s largest banks, which can provide positive momentum to the coin. Best Bitcoin Trading Platform. The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. Any securities held by the broker can then be used for borrowing money and adding to a margin balance based on the total collateral deposited. 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. Depending on your jurisdiction, some products or services might not be available. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is committed to adhering to international regulations and implementing measures to ensure compliance with legal standards in the jurisdictions where it operates. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Hello Celso,Thank you for your detailed feedback. The file is verified secure by PrimeXBT. SandP 500 SDX: As the holiday season wraps up and the New Year begins, the SandP 500 remains a fascinating. Dogecoin also had the issue that it is one of many seemingly endless cryptos trying to grab your attention. PrimeXBT is a Bitcoin based multi asset margin trading platform offering CFDs for forex, commodities, stock indices, and cryptocurrencies – the perfect platform for trading cryptocurrencies while building a diverse portfolio of traditional assets. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options.

News Trading: Acceptable Choice

Copy trading exists via the Covesting module. It features customizable interfaces, TradingView charts, and competitive fees, providing flexibility for traders. PrimeXBT’s spreads are generally average to high compared to industry benchmarks, but it offers one of the lowest Bitcoin spreads in the industry with a 0. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. The size of the swap for long and short trading positions depends on the underlying asset. Standard accounts are suitable for beginners and casual traders, offering basic features and access to all markets. Get access to a wide range of trading, investing, and Crypto services from a single app. However, the question remains: how do these alternatives measure up to PrimeXBT. Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. 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. This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds. PrimeXBT offers a variety of withdrawal methods to accommodate traders from different regions and with varying preferences. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. A withdrawal requested before 12:00 UTC will be processed on the same day. Also, its “turbo” trading option allows you to make short term price predictions. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Go to Settings > Security and enable Install from Unknown Sources if prompted. For a complete list of restricted regions, refer to Section 1. Can trade currency/metal CFDs there too, but I don’t do that. Open the downloaded file and tap Install to complete the installation. Returns or profits may be subject to capital gains tax. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines.

Key Features:

It is important to remember that Stop Loss/Stop Buy orders are triggered when top of the book ASK quotes reach the price specified in your Stop Loss/Stop Buy order. Returns or profits may be subject to capital gains tax. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. PrimeXBT acts as an STP broker to ensure fast order execution and excellent liquidity for traders. You can always use our social trading service here at Crypto Parrot to inform your trades with PrimeXBT crypto. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. 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. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. PrimeXBT does NOT require KYC procedures for traders. On the other hand, not only do they provide their followers with some of the best Crypto signals, they also offer them at no additional cost. Bonuses typically come as deposit rewards, fee reductions, or other trading perks. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. That said, it is more likely than not to remain a very small Cryptocurrency, so it should be a small part of a much more extensive portfolio. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Nonetheless, the Triple Top is a bearish pattern and signals to a subsequent downtrend, while the Double Top is a bullish one, and points to a potential uptrend. This is the “WTF, TradingView. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE THE WEB SITE, AND TO THE EXTENT PERMITTED BY LAW, YOU AGREE NOT TO HOLD ANY OF THE COMPANY AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO THE TRADING WITH MARGIN, INCLUDING LOSSES ASSOCIATED WITH THE TRADING WITH MARGIN. Only for verified users.

Recent Comments

In terms of the reviews by other traders, they appear to be quite mixed. PrimeXBT charged me a withdrawal fee of 0. With PrimeXBT margin trading, users don’t sell their crypto assets; they are instead used as collateral to trade Bitcoin, Ethereum, and many popular altcoins using leveraged long and short positions. PrimeXBT Trading Services LLC the “PrimeXBT” are not authorised or regulated by the UK Financial Conduct Authority “FCA” or other UK authority. All of these various strategies combined can improve the likelihood of success when trading, and protect capital against any potential risk associated with trading. Research shows that PrimeXBT boasts a number of features that BitMEX simply does not. To trade with margin, users must fund their trading account after making a deposit to begin trading. PrimeXBT and Bybit have distinct fee models that cater to different trading activities.

Mobile App for PrimeXBT

You are simply betting on the price falling in either case. The main draw to PrimeXBT is its wide selection of asset classes. PrimeXBT is a global crypto exchange, as well as offering investors access to other more traditional markets like Forex currencies, commodities CFDs, and stock indices. The benefits claimed by the developers of the platform are. We’re glad to hear that our support team was responsive and able to assist you with your queries about taker/maker fees. When trading financial instruments, margin acts as collateral deposited with a broker to cover potential risks. The amount of a currency in circulation also began to play a key role in its value as well. In my days of day trading traditional and crypto assets, I have witnessed too many shady forex, stock, and crypto exchanges disappear with everyone’s money or go bust, so I only trust the top regulated and reputable exchanges, and of course, DEXes.