A Showdown in Crypto Margin Trading: PrimeXBT vs The Competition

What’s more, advanced charting tools are available – including technical indicators like the MACD. Best Platform for Margin Trading. Gas prices are derived. Litecoin has gone for scarcity in having a limit to its coins — 84 million. We’re truly sorry to hear about your frustrating experience with the app and speed of its work. We use dedicated people and clever technology to safeguard our platform. By troubleshooting these common issues, you can ensure a successful reset and maintain PrimeXBT’s functionality. The cryptocurrency sector is versatile in terms of regulations. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. This might be a drawback for traders wanting a lot of market options. The PrimeXBT interface is minimalist and even basic, which means that the learning curve will be short. The asset’s technology focuses on providing reliable and tamper proof data feeds to decentralized applications, ensuring the integrity of information used in automated processes. PrimeXBT stands out in crypto for its simplicity and versatility. 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. Proper trading analysis and charting can make or break your PandL. Today, XRP has a market cap of $23. Finally, all of the changes and upgrades clearly reflect PrimeXBT’s client focus, incorporating user feedback to improve the overall experience on offer. If you ever need assistance or have suggestions, feel free to reach out at. 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. 005 in its ninth batch, the success of BlockDAG’s early stages is a testament to the robust market confidence in its technology and future potential. Stellar price prediction is difficult, but there are some experts out there willing to speak to it. Understanding these order types and their use cases will help you make informed trading decisions on PrimeXBT. High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.

PrimeXBT Promo Codes 2024

To activate a promo code on PrimeXBT, follow these steps. He specializes in in depth review and research of projects and protocols An aspiring Computer Scientist and technology enthusiast. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Smaller incremental gains maybe better for the stability of and longevity of the coin and the network at large. A FAQ section is available on the PrimeXBT website and is well stocked with articles that provide insights into common issues customers may have. We are very delighted that the current version of our platform has improved so much, but you all know that the cryptocurrency industry is developing at the speed of light. You also have to have a target in mind before you put money to work. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. And 11 tradable indices. This growth was influenced by significant factors such as PayPal’s adoption of Litecoin and the overall growth of the crypto market. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Also, read Bingx Copy Trading: How to Get Started. Second, when it comes to trading technology, they do not offer API functionality. To most easily avoid broker forex scams, choose a regulated broker with a good reputation and a long history. CFDs for major commodities markets: NAT. While MEXC offers a broader variety of orders such as post only and trailing stop orders which can assist in more nuanced trading strategies, PrimeXBT focuses on the most utilized order types, catering to traders who prefer a more streamlined approach. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and „noise“ that overcomplicates many other platforms. PrimeXBT is an award winning margin trading platform with access to more than 100 trading instruments across forex, stock indices, commodities, and crypto. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. This allows the sector to operate more independently than the traditional fiat system. 48 per ETH, with a market cap of $373203112369 USD. By analysing these four phases, a trader will also know whether the market is bullish, bearish, or consolidating.

PrimeXBT API Availability

Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. PrimeXBT offers 24/7 customer service in PrimeXBT FAQ 15 languages via live chat and email. As per the desktop version, the PrimeXBT application is intuitively easy to use and understand. No need to close your old following in order to combine your earnings with the initial following amount—it compounds naturally while open. Because crypto exchanges specialize in different areas, each with their own strengths and weaknesses, and because crypto traders have different needs, it is important to match a crypto user with an exchange that performs well in the area that is important for them, which is why we put together this article about the Best Cryptocurrency Exchanges 2024, which you may find useful. The withdrawal fee on PrimeXBT varies based on crypto assets. Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue ‚Confirm‘ button to execute the exchange. If you meet the geographic requirements, you can start by making a PrimeXBT account and depositing cryptocurrency; it supports BTC, ETH, USDT, USDC, and COV.

Primexbt review Exchange Currencies Directly in Your Wallet

Supports many exchanges. 89 considering high global crypto adoption. So that might need to change in the review. In the top right hand corner of the futures platform, you’ll find a green button labelled „Fund“. Visit our Help Centre. However, it imposes a maximum threshold of $20,000 within 24 hours. Report rules violations. You can manage your account, view all trading accounts, and check total funds directly from the main page. The Commodity Futures Trading Commission now permits the trading of cryptocurrency derivatives publicly. Leverage can lead to leveraged positions being completely liquidated if the market moves against your position. Tools here are more advanced and therefore more difficult to manage. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. The order form also displays recent trades and order book data.

Place Stop Loss and Take Profit Function

Other features include. As soon as you hit one of them, this will trigger an additional window where you can select the specific type of order you want to place. With an all time profit of 103. Additionally, users can contact support via email for less immediate concerns. BTCUSD is trading inside a Channel Up since December 18 2019 monthly low on the 4H chart. After all, how could the economists forecast a global pandemic that caused so much havoc in the market. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, COMPANY MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH COMPANY IS SUBJECT. Day Trading StrategiesCrypto Day Trading PlatformsDay Trading Apps. Futures contracts are traded like normal spot trades, however, they can be leveraged, up to 200x on PrimeXBT, and when closed, like spot trades, the difference between your asset futures contract and the spot price will define the size of your profit or loss—which can be exaggerated by leverage. As far as a payment system is concerned, it is a very fast way to send money. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. Reply from PrimeXBT Copy Trading. At the moment, an API interface is not available. Another top feature is the addition of a chat option on the main dashboard menu to the right.

My Key Takeaways After Testing PrimeXBT on Mobile

PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. According to the statistics, 75 89% of customers lose the funds invested and only 11 25% of traders earn a profit. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Bitcoin futures are contracts that obligate the buyer to purchase and the seller to sell Bitcoin at a predetermined price at a specified future date. This leaves Volet and Perfect Money as the alternatives. To be eligible for the PrimeXBT bonus, you must primexbt deposit bonus at least 0. BingX has many services, such as spot trading, derivatives trading, copy trading, and grid trading. EULA Affiliate Disclaimer Guest Post Agreement Refund and Returns Cookie Policy Sitemap. Based on the results, a follower can follow or unfollow the trader to enable or disable the copy trading feature. So, for example, if you have selected leverage that is times 10, then you can expect the cost of the position to be reduced by a factor of 10. Compare PrimeXBT with any other broker by selecting the other broker below. There’s no one size fits all answer for the best leverage ratio in Cryptocurrency. At the moment, an API interface is not available. This will complete the registration process and you are now ready to login to your PrimeXBT account and enjoy this feature and more. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds.

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PrimeXBT was launched in 2018. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Once you deposit the amount and enter the promo code, the bonus will reflect in your wallet within 24 hours. Maintaining your PrimeXBT account involves following best practices to ensure smooth operation and prevent future issues. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Below are some of the reasons why many traders prefer short selling Bitcoin. 🌟 Join the PrimeXBT affiliate program today. But the perks of trading here are not limited to that, such as leverage crypto trading, incredibly low fees, reasonable deposit requirement, no KYC policy and much more. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. Step 3: You will be sent an email with a pin number. Despite the law of diminishing returns holding back cryptocurrencies from similar record breaking performance, looking ahead, these often finite digital assets could still significantly appreciate in price. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. In summary, PrimeXBT’s unregulated status, offshore operations, and lack of transparency in its terms and conditions make it a risky choice for cryptocurrency trading. When short selling, margin interest can be a significant expense. Please read this disclaimer and leave the website if you disagree with it. 7% last week, marking the fourth straight weekly decline and its largest weekly decline in almost a year. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. To access it, navigate to ‚Hub‘ and select ‚Referral Program.

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Only Gold and Silver have a leverage of 1:500. PrimeXBT’s flat fee structure simplifies cost calculations, making it easier for traders to manage their expenses. Access it on SaaS, iOS and Android through their purpose built app. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. PrimeXBT wants you to succeed in trading, so they offer educational resources to help you learn the ropes. Zal het stijgen en nieuwe hoogtes bereiken, of zal het onder druk blijven. Visit the fees section to confirm the exact fees on the day. If your stop loss level was carefully selected, you should still end up in profits. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

JonathanCortez99

Users can also buy and sell crypto tokens like Bitcoin and trade in the brand’s virtual contests. Daniel PelbergFinancial Journalist. PrimeXBT has several addresses where you can write to for various issues: legal settlement, partnership, technical support. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Review collected by and hosted on G2. Ultra lowfees give more capital to put toward trading positions across all markets. A short position is the exact opposite, and is an entry expecting the price of an asset to go down from the time the position is opened. Though, where PrimeXBT is pretty cool is that they also offer forex trading, commodities like gold, silver, oil etc. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Initially introduced in 2018, PrimeXBT is a multipurpose one stop trading platform for cryptocurrency futures and CFDs, indexes, commodities, stocks and FOREX trading pairs. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Perpetual swaps, for instance, do not have an expiry, allowing traders to hold onto positions. A platform with both advantages and limitations. 0001% for Forex, Indices and Commodities. Prize funds cannot be withdrawn. All referral links will be removed. PrimeXBT supports the trading of Crypto Fiat trade pairings.

100 Ways PrimeXBT for Cryptocurrency Trading Can Make You Invincible

In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. This difference in perspective sets the stage for a potential ideological clash within the bitcoin community. Choosing the best online broker can be challenging for anyone interested in trading. 35 BTC as a bonus in your PrimeXBT account. PrimeXBT packs an incredible amount of tools, charts, data modules and more into the trading interface without feeling cluttered. Unrealised P/L is derived from Bid prices for Longs and Ask prices for Shorts. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. After all, not all trades are profitable, so you need to realize when it’s important to „cut your losses. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Felix got into Bitcoin back in 2014, but his interest quickly expanded to everything blockchain related. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. Here are other essential aspects that determine the quality of user experience on PrimeXBT. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Specializing in CFD trading, PrimeXBT enables traders to speculate on asset price movements without owning any of the underlying assets. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Therefore,the broker will be a good choice for professional traders. 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.

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Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. The platform comes fully equipped with over 50 technical indicators and a full suite of charting and analysis tools. PrimeXBT uses TradingView charts, providing users with advanced and interactive charting tools for technical analysis across various markets. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users‘ funds and personal information against potential threats. Larger trading volumes also trigger low commissions. The leverage chosen by the user is used to calculate initial margin deposits. 01 BTC at the current price of $15,470. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. And luckily the Chainlink network meets all these requirements, but what will need to happen to bolster or what can be detrimental to Chainlink prices. We will cover the essential steps, strategies, and best practices that can help both beginners and experienced traders maximize their returns on PrimeXBT.

Important Notice

80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. You have crypto rewards waiting to be collected. In essence, what seemed like a profitable trade ended up in a loss due to these unexpected charges. Typically, you’ll receive a unique referral link to share. Information regarding past performance is not a reliable indicator of future performance. For crypto it is amazing, there is pretty much zero spread and they take a small trading fee of 0. The writing and editorial team at DayTrading. Good luck in trading during such volatile times. Arguably one of the most popular methods of making money in the cryptocurrency space, buying and holding, also known as „Hodl“, is also one of the easiest methods which can lead to profits. Real world leverage trading may involve more complex market dynamics. However, since the Beacon launch. With its advanced bank level security features, KuCoin is one of the most secure platforms for traders. Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Trade: Details of orders and positions can be found on the trade page. Consequently, the asset is still in price discovery mode and can experience significant price swings, with new highs and lows emerging every few years. Solana and Ethereum are competitors for the same market share. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Bitnation foresees that AAVE could reach a maximum price of $176. 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. This bonus’s timing couldn’t be better – PrimeXBT just launched a complete revamp of both its platforms and website. Really scary times: Middle east war potential US job cuts First time no carry trade in 20 yearsWith Primexbt though, i’m chill. 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. In the following year, Chainlink integrated DECO, a Cornell project co created by Juels. Overall, PrimeXBT is seen as a reliable trading platform. Since people will not play a slow and buggy game, the creators of Axie Infinity decided to build their sidechain on ETH. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. Once confirmed, a withdrawal cannot be canceled.