PrimeXBT Review 2025: Complete Exchange Overview

While there are withdrawal limits in place, these withdrawal limits are largely based on your VIP tier on your CET holdings. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. PrimeXBT offers margin trading to enhance earnings. DEXTools Logo / Source: DEXTools TwitterBlue chip cryptocurrency prices are on the front foot on Wednesday as US yields and the US dollar fall and US equity prices rise on a raft of weaker than exp. These platforms provide advanced trading strategies for experienced traders seeking to manage risk or speculate. 2️⃣ For a short period of time on June 11th, 2022 there was an offer of $5 for account verification in Reward center. You will have to meet the trading conditions first so be sure to browse through some of our pages here at Crypto Parrot to learn more about the online trading scene as a whole. Transfers between hot and cold wallets use multi signatures, which reduces the risk of a single point of failure. PrimeXBT delivered a seamless trading experience. The platform allows both cryptocurrency and fiat withdrawals through various channels, providing flexibility and ease of access. 🛡️ With a spotless six year security record, PrimeXBT credits its success to rigorous protocols and industry leading standards, never experiencing hacks or compromises. Here’s our detailed analysis of the futures trading experience. The commodities markets are also very popular. If a margin account’s balance or account equity falls below the required maintenance margin level, a margin call will be made to the investor or trader. I also tested the fiat withdrawal process, using Volet. Step 2 – Select the Become a Partner option. Since Dogecoin was launched in 2013, the coin has consistently outperformed Bitcoin in each cycle. Users can view a detailed breakdown of fees associated with using the platform. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Through our in depth analysis, we discovered that PrimeXBT, a Forex and CFD broker specifically designed for traders in Namibia, has a platform that is both forward thinking and ambitious in its offerings. This website is owned by PrimeXBT PTY LTD. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. This process is automatic and is up to the investor to decide how they would like to approach. However, the countries listed below have been excluded. Don’t worry, we don’t spam. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. The Covesting DApp sources reputable DeFi platforms that generate yield in a manner that is easy from the user perspective, providing the benefits of DeFi with the clean and simple interface of PrimeXBT. There are other widgets that you can add, such as order history, order books, alerts, symbol library, account widgets, statement widgets, and many others. There is an extensive range of assets that you can trade there.

Is PrimeXBT down? PrimeXBT is up

Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. Affiliate partners receive payouts of up to 50% of trading fees paid by their referrals. Visit now to find the answers you need. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. We’ve lowered our overnight fees to some of the most competitive levels on Forex, Commodities, and Indices. These critical tools include fundamental analysis, technical analysis, and perhaps the most important factor of all, proper trading risk management strategies. If you choose to simply guess where things are going, you do have the possibility of being profitable occasionally, but the longer term success is highly questionable. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Brand operating since. 03% for swaps well, its actually 0. Advanced trading concepts can be confusing for beginners. During the late 2017 and early 2018 cryptocurrency hype bubble, few crypto assets or altcoins received as much buzz as. A situation Elon Musk couldn’t miss out on. Once your documents are verified, you can deposit funds and start trading. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. Well, as an experienced crypto enthusiast, I understand that predicting the exact time when Cardano’s price will increase is a challenging task. When looking Dompet PrimeXBT for an exchange to use for margin trading, ensure it meets your demands. PrimeXBT is also a member of the Financial Commission. To withdraw Fiat currency USD, go to the Main page. The platform provides a variety of free deposit options for both crypto and fiat.

Conclusion

PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. I am still in a trade, let’s rock. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. FX Empire provides its readers and partners with this section in order to share the value proposition and products which may be relevant for FX Empire. PrimeXBT makes sure withdrawals are quick. Ensuring that your account is verified is essential for a secure and uninterrupted trading experience. Flexibility and customisation. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. This is always a tricky aspect to analyse when writing up a review for advanced trading platforms. In my honest opinion Primexbt looks like a good option for those who holds Bitcoin and wants to get a hassle free access to worlds markets – commodities, metals, indices, forex etc.

Recent Comments

In the Cryptocurrency Service category. We specialise in Crypto and CFD trading, offering a dynamic range of web and mobile platforms tailored to the varied needs of traders. Moreover, users can conveniently transact in US dollars. Now anyone that doesn’t already own BTC, those who are seeking to purchase more to start their trading career with PrimeXBT, or those that simply want to top up their account, can do so in just a few easy steps right through their PrimeXBT account. PrimeXBT offers a robust Android app that brings the full functionality of its trading platform to mobile devices. However, there were a few areas of disappointment. Check website for details. BTC is traded against USD or JPY. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. 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. And you can also purchase cryptocurrency for your deposit using Baksta affiliate service. Tax offices around the world are cracking down on investors they believe may be avoiding crypto taxes, with dedicated operations to match wallet addresses with identities. 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. PrimeXBT is available on both web and mobile platforms. PrimeXBT offers specialized copy trading accounts where strategy followers and providers can connect and interact. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. This strategic location supports the platform’s global operations and regulatory compliance. Having been a retail trader since 2013, Plamen has gained an in depth understanding of the challenges that novice traders face today. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. Leverage can lead to leveraged positions being completely liquidated if the market moves against your position. With PrimeXBT Copy Trading, just follow experts and copy their trades to start your trading journey. Furthermore, SSL encryption is used to secure all data transmitted between users and the platform. A project’s marketing is usually developed with time. The broker is heavily focused on crypto services, offering an extensive range of cryptocurrencies but a limited selection of other instruments. Brand operating since. I had to withdraw $1000 for some emergencies and they paid me just right on time.

Official Social Communities

PrimeXBT has frequent offers and promotions, such as trading contests with prizes and bonuses for new and active users. Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users’ funds and personal information against potential threats. If you do not see this then it means that you could be on a phishing site and should leave immediately. Data yang disenaraikan di bawah boleh digunakan untuk memantau aktiviti anda merentasi aplikasi dan laman web lain yang tidak dimiliki oleh syarikat. PrimeXBT crypto trading platform has made accessibility to crypto easy for its users. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. Compensation Fund per user. What’s the story behind this cryptocurrency exchange. This fee is competitive within the industry and is one of the reasons why many traders choose PrimeXBT. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. Weekly recap US stocks were mixed during the holiday shortened week, and gains on Friday helped indices finish off the worst. Bybit has had one of the most impressive growth trajectories out of many of the unregulated exchanges thanks to their aggressive marketing campaigns and the amount of effort they put into expanding and improving their platform. It does not display the actual or predicted returns or yields in any fiat currency. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. You can’t actually withdraw it either. PrimeXBT operates three entities. Information regarding past performance is not a reliable indicator of future performance.

What Are the Drawbacks of Margin Trading?

Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. They offer a variety of crypto assets, as well as forex, commodities, and indices. A heavily indebted country typically doesn’t perform as well as a country running a surplus. PrimeXBT stands out as one of the best leverage crypto trading platforms in the industry. 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. Select Accept to consent or Reject to decline non essential cookies for this use. Regularly check your referral dashboard to monitor progress and make necessary adjustments to your referral strategies. Like any other investment, the value of Bitcoin can go up or down, and there is a risk that you could end up selling your Bitcoin for less than you purchased it. This guide has unpacked the fundamentals of leverage trading in Crypto, exploring key concepts like leverage ratios, margin, and different trade types such as futures and derivatives. Maker fees are charged for adding liquidity to the market with limit orders, while taker fees are charged for removing liquidity with market orders. Almost all altcoins are trading in the green, with some exceptions. Brand operating since. Now, it is time to move onto the bells and whistles of a platform, including things like referral programs and affiliate marketing programs. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. The values listed below are for one full base currency contract 100,000 units. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. Another significant element of the copy trading module on PrimeXBT is that you can even check who has passed ID verification. Registration is simple, with a minimum deposit of just $10, and the system for data and fund protection further ensures the safety of client assets. If a position is leveraged 100 times, a 1% move in the right direction would result in a 100% gain, but a 1% move in the wrong direction could result in a 100% loss. PrimeXBT is also home to the copy trading module, connecting followers with skilled strategy managers, allowing them to copy the trades of more skilled traders, and earn alongside them. If you want to earn some extra Bitcoin with Covesting, you can do so by referring your friends to the platform using the referral link that is automatically generated for you in the Referrals tab. There you can create, track your multi currency wallets and make deposits or withdrawals. Number : +919309468900, +919420092224. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. There are several strategies traders can employ to minimize trading fees on PrimeXBT.

Trade Global Markets

It is best to check the platform’s trading conditions for the most accurate and up to date information on spreads. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. Super happy I found ’em. The policy is part of PrimeXBT’s General Terms and Conditions. Make sure you understand the difference between Spot and CFD trading before getting started. What do you still hesitate to download the application and experience right away. We were unable to find these stats updated for recent years, but have not found any complaints or reasons to assume these impressive slippage statistics have faltered. Yet this strong position of ETH among thousands of other digital currencies was not always like this. PrimeXBT is a widely recognized trading platform that offers access to various financial markets, including forex. KYC is optional on PrimeXBT. It may have the ability to win the argument by default in that scenario. A few weeks ago I started to think that Bitcoin is overbought and decided to open a short position from $ and put a take profit on $. Unlike its larger competitors, PrimeXBT does not offer P2P trading. The new iOS mobile application is available for free download now at the Apple Store, in addition to the Android version from the Google Play Store. It has better prospects than several cryptocurrencies, as it is being utilized by many companies in the corporate world, such as in the supply chain and logistics industry. By trading a futures contract, traders can control a larger position size than their initial investment, amplifying potential returns. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Best regards,The PrimeXBT Team. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. Be sure you fully understand the risks involved in leveraged trading before using leverage on a live account. Unlike its larger competitors, PrimeXBT does not offer P2P trading. To calculate the profit or loss earned from a long/short trade, you multiply the size of your position by the difference in points between the price when you opened it and when you closed it. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. They’ve realized that lower fees mean happier customers and more trading volume on their platform. Note: Users located in the US and UK are not supported. But excluding private blockchains all transactions exist on a public ledger where anyone can view them, including your wallet details, using a blockchain explorer.

Forgot password

This shouldn’t be surprising, considering Cardano’s creator is none other than the co founder of Ethereum, Charles Hoskinson. But its recent growth for traders, institutional and crypto, has come because of its volatility. This increases the chances of encountering dishonest individuals or fraudulent transactions on these platforms. With its global reach, it’s available in over 150 countries. Essentially, the broker lends the trader money so that they can open bigger positions. Therefore, managing the number of trades and the size of each trade can be an effective strategy to minimize costs. Applying promo codes on PrimeXBT is a straightforward process, but it’s important to follow the correct steps to ensure the codes are applied correctly and you receive the intended benefits. Noticing that similar services existed in legacy financial markets for trading wherein investors could pay traders to trade their assets on their behalf, Pruglo decided to create Covesting. The funding rate for buying is 0, 01%. The company’s clients can buy and sell crypto futures with a fixed commission: 0. Here is a table of the open market hours for natural gas for different timezones. Detailed information regarding the minimum/maximum order size and exposure limits for all available instruments can be found on the ‘Fees’ page. PrimeXBT also allows users to trade with leverage. It’s great to know that you’re enjoying the comprehensive features we offer, from trading and buying to copy trading.

Bot, Social and Copy Traders: Perfect Match

PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. We’ve conducted a thorough search, but no confirmed information is available at the moment. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. However, it lacks depth and diversity. Depending on your jurisdiction, some products or services might not be available. The Olympics are here and PrimeXBT is giving 10 traders a total of 5,000 USDT during its Olympic Demo Trading. The network allows computations on and off the blockchain, supporting what it refers to as “hybrid smart contracts. Deposits can be made to your PrimeXBT Wallet, or directly to any of your CFD Trading or Crypto Futures trading accounts. 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. If you’re an Android user, you can keep on top of every market movement by downloading MT4 and MT5 on to your mobile or tablet as you prefer. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Finally, PrimeXBT also runs a pretty unique medium blog. Trading can indeed be a challenging journey, but it’s awesome to see you embracing it with such enthusiasm. After all, it is one of the top 10 Cryptocurrencies in the world when ranked by market cap. As mentioned above the main feature and benefit of cross margin compared to isolated margin is the ability to keep a trade open by using the account balance and realised P/L as its margin allocated, even if the market moves against it temporarily. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. PrimeXBT empowers traders to go long or short with leverage. This means that you take advantage of market conditions without exposing yourself to high levels of risk. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. You can reset your account password using the Password recovery feature.

My Key Takeaways After Testing PrimeXBT Desktop

They were not even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another red flag. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. When using fundamental analysis, you can combine it with different metrics, such as on chain metrics. Org’ was registered on August 18, 2008, marking the first mention of the asset by name. The world’s largest cryptocurrency is attempting to break out of its recent range of 90K to 100K seen in recent weeks, rising to 101k, with altcoins booking stronger gains as risk appetite increases. 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. 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 only processes withdrawals between 12:00 and 14:00 UTC. PrimeXBT Trading Services, S. I also tested the fiat withdrawal process, using Volet. By comparison, this may appear to be a tiny trade, but smaller trades mean less capital is ever put at risk. In my opinion, this platform is gaining popularity in the crypto trading community. By adhering to these limits, traders can avoid potential delays and optimize their trading strategies. We should also note that there is another in our opinion, simpler and more convenient way to register and authorize in the platform via Google or Apple. We also value your suggestion about adding a general bright color scheme to make customization easier. It serves clients in over 150 countries and has over 100 trading assets available. 14 ETH/200, USDC or equivalent in BTC on your deposit. Otherwise, if you would have to take delivery of €100,000 to speculate. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount.

4 5

The responses were fairly detailed but lacked accuracy in addressing all queries. It should also have a detailed goal plan, the cryptocurrencies you are interested in, and the steps you will take to enter and exit positions. The chart below shows the financing per day on both long and short positions. However, short selling is open for other cryptocurrencies using the PrimeXBT platform. Quite a nice and long read Primexbt review, I liked that. Understanding the fee structure is crucial for managing trading costs effectively. Though CFDs are preferable tradeable instruments for some traders. The End of Day will be as.

Exclusive Crypto Deal List of 2023

Your feedback is invaluable as we continue to improve our service. Thus, it allows traders to amplify their positions and potentially increase their profits. These services ensure that traders can use the platform effectively while complying with local regulations. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. However, standard trading fees and transaction costs apply when you execute trades on the platform. These fees are displayed at the time of initiating a withdrawal. I submitted a request to their support to produce videos to help onboard new traders. Though CFDs are preferable tradeable instruments for some traders. Open the downloaded file and tap Install to complete the installation. This makes it a versatile choice for traders seeking diverse opportunities.

Worse

Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. If you want to become a Bitcoin momentum trader, some of the tools you have at your disposal are support and resistance levels, chart patterns, and technical indicators such as RSI or Stochastics. By clicking the “Forgot password. For more information, see the developer’s privacy policy. It takes just a few minutes to get started. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. The broker also provides social and copy trading services. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. Currency pairs, commodities, and indices are traded without commissions. The PrimeXBT platform is user friendly, making it easy to navigate for traders of any skill level, while also featuring all the tools needed to capitalise on the markets. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. These products are not suitable for all investors. Date of experience: October 17, 2024. Get 5125 USDT Welcome Gift. We’re glad to hear that your USDT transaction went through smoothly and that you’re satisfied with the availability of credit card deposits without additional fees. Scan the QR code with your device’s camera and get APK file. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. This leaves Volet and Perfect Money as the alternatives. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. There are no minimum deposit requirements while the Convesting copy trading fee is 0. It’s highly recommended to be an experienced trader outside the United States if you want to use PrimeXBT. After a thorough exploration, I’ve identified the top apps for crypto trading that offer this transformative feature. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Step 3: Navigating Dual Sign OnUsers face a dual sign on process after setting up an account with Coinify: two separate logins are needed for the same URL — one for PrimeXBT and another for Coinify.