PrimeXBT Review 2025

05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. This guide also contains a valuable ADA coin price prediction you must read. Its blog site states that it plans to roll out a way to earn interest, but it’s not clear what tokens or coins will be eligible. We employ the latest security protocols to protect your money. There seems to be no further plans for a future return of their trading platform. One of the most attractive features of PrimeXBT is the ability to sign up without KYC or ID verification. So, why engage in trading with them. You can learn more about their withdrawal fees on their dedicated FAQ page. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. Labeled Verified, they’re about genuine experiences. 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. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. Conclusion: Although the interface and functionality of PrimeXBT may seem complex at first glance, the exchange provides a good opportunity for gradual immersion into the world of crypto trading. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. As shown below, following this decision to cut rates, we have begun to see a noticeable upward movement in the total cryptocurrency market. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. This one of the reasons why PrimeXBT is so attractive to cryptocurrency traders. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. The entities above https://primexbtreviewtr.com/promo-codes/ do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted.

Our Take on PrimeXBT

When global economies are booming, investors and traders tend to prefer stocks and commodities. Given that the platform has operated without controversy since its launch in 2018, it may come as a surprise that the company or exchange isn’t regulated or licensed, operating out of the relatively lax Seychelles. 1M+ community members. 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. PrimeXBT offers a seamless and secure platform for withdrawing your funds. Click on ‘Referral program’ from the ‘Hub’ section on the main menu. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Pro Tip 💯️: If you need to have your query answered quickly and you are not getting a response through their ticket support system then you can always hit them up on their social media. You can then buy, sell, and trade cryptos without giving any personal details or documents. The limit applies to the total sum of all submitted withdrawals within 24 hours. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Bybit has been expanding its user base, not only being adopted by retail traders but professional traders and firms as well, encouraged by Bybit’s sterling reputation and efforts in the crypto space. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Traders can take advantage of bullish and bearish market conditions by going long or short. This means that your account ties into their trades and executes the same trades. Therefore, the place where you can short Bitcoin depends on the strategy you are using. PrimeXBT also offers a way to activate COV token membership that boosts earnings in yield accounts by up to 2x.

Ways to Trade Forex: Choosing the Right Approach

Since founding NEP in 2008, Mr. Comments: Make good use of your time at home. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. PrimeXBT’s focus on major cryptocurrencies and diverse financial instruments makes it suitable for traders looking to trade across different markets. This website is owned by PrimeXBT PTY LTD. Nonetheless, this should be thought of as an investment and something that you could potentially lose completely on. When looking at crypto, one of the most unique and interesting ecosystem is the Cardano network. 86 USDT in followers’ equity over 199 active days, this strategy shows robust engagement and enduring trust among its followers. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Ethereum relies on smart contract functionality built into its transactions to support all kinds of agreements and tokenization benefits. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. Bybit has seriously ramped up its security framework in recent months, leading to independent security firm Certified listing them as a top ten most secure exchange, giving them a Triple A security rating. Go to Settings > Security and enable Install from Unknown Sources if prompted. If you would like to try and increase your profits as a trader already quite established — or even if you are a newbie trader looking to get into the game — it is worth checking out a free account from PrimeXBT which will offer you the chance to day trade on forex, commodities, cryptocurrency and some of the most popular indices such as SandP 500, FTSE100 with leverage of up to 1,000x. PrimeXBT offers various bonuses, such as deposit bonuses, fee reduction bonuses, and percentage based bonuses. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. What Exactly is the Shanghai Upgrade. If there’s anything else we can do to enhance your experience further, please don’t hesitate to reach out to us via live chat or email at. Best regards,The PrimeXBT Team. I enjoyed the WebTrader’s advanced charting capabilities, which are incorporated from the seamless TradingView. The next step in trading Bitcoin is to have a well defined, written trading plan. Covesting obtained a license from the Gibraltar Financial Services Commission. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The first thing you need is a broker like PrimeXBT.

Account Security Measures

PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Some indices are set up as ETFs, which can be freely traded on a stock exchange, just like regular shares. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Learn more about Baksta’s Legal Terms. As for the global markets, they are indeed a serious aspect of our platform, providing additional opportunities for diversification and exposure to different economic sectors and instruments. Users appreciate the freedom to trade without submitting personal info, making it a favorite. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. However, since the Beacon launch. Crypto Deposits: PrimeXBT offers free crypto deposits. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No.

Is it safe to buy BTC?

With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. I don’t know how old your article/review is but I suspect things are stacked against the trader here. Margin offers several advantages, including. Meanwhile, the price of the coin has been changing its direction towards a surge since the beginning of 2022. Our clients love how fast and simple our sign up is. BingX offers a wide range of features including copy trading, cryptocurrency swaps, derivatives trading, and the use of trading bots. A critical indicator to monitor will be the U. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. If the price increases by 10%, you’d make a profit of $100. As of today, the current value of 1 DOT is 112,336. Research before investing. I’ve been using the platform for several months now and have run into very few problems. Some sources say that WoT uses more a aggressive trading strategy and predictive models that can increase market exposure. Mimicking this strategy manually will be cumbersome – as you’d need to be glued to pricing charts. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Collaborations with real world use cases may strengthen Cardano’s reputation and raise the likelihood of broad adoption. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. PrimeXBT is also continually adding new ways to interact with the platform and the trading community, such as an easy way to buy crypto using the free PrimeXBT mobile app. Our human support team is here to help 24/7, in your language. For traders who act quickly on market changes, these features are a big plus. Ethereum’s technology allows users to develop everything from their own exchange platforms to tokenizing real world assets. If it had the API, I would say that this is a perfect trading platform. When you go long, you bet on the price going up and if it goes down you lose money on paper.

Payment Methods

But to me, being able to start with 10 USD, using VOLET means a lot. Receive 5–20% commissions on both direct and indirect referrals, with daily payouts when you join PrimeXBT. PrimeXBT is an award winning trading crypto exchange that also offers trading in derivatives – forex, indices, CFDs, and commodities. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. Get access to a wide range of trading, investing, and Crypto services from a single app. Chainlink has established strategic partnerships with various blockchain projects, enterprises, and academic institutions. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. That’s why we decided to make a tutorial on one more crypto trading platform.

Diego Sanchez

The more active their referrals are, the higher the potential earnings from the referral program. US residents may find the exchange particularly appealing and it is one of the few exchanges that does not specify that services are restricted for US residents in its terms of service. Our 24/7 support team here to help. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. By reducing leverage, traders can limit their exposure to market volatility and potential losses. Short positions with allows you to profit from a Cryptocurrency’s price decline. Comments: Using Prime XBT has saved me from high fees when exchanging and withdrawing coins on the platform. With a strategic approach and a dash of patience, Ethereum has the potential to be the spark that ignites your financial future. No, I cannot trade for you. Primexbt offers a number of high quality items for affordable prices. Powered by Discourse, best viewed with JavaScript enabled. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Receive the latest news and stay informed. We employ the latest security protocols to protect your money. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. Registering a copy trading account with PrimeXBT2. This is accomplished via its distinct technology and innovative strategy. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. With over 1 million registered users and more than 170,000 daily trades across 152 countries, PrimeXBT is more than just an exchange; it’s a trading powerhouse. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. 071 USDT in trading fees. It also provides a breakdown of individual crypto and US dollar balances. Hello Sevim,Thank you for your feedback.

Worse

Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. 2%, while those with substantial holdings will pay as little as 0. I like the exchange notification and notes whenever I open the software. Today is not liable for any financial losses incurred while trading cryptocurrencies. Remember to add the 2FA verification protection before you start. The client agreement, risk notice, execution policy, and other legal documents are easily accessible and fairly transparent. This page is having a slideshow that uses Javascript. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. 8 USDT via TRC 20 network. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. It offers access to all available assets, such as indexes, cryptocurrencies, forex, and commodities. Great conditions for cryptocurrency trading and exposure to other markets. Advcash account email address used to make a deposit will be preselected automatically. At PrimeXBT, you can buy and sell the most popular crypto coins: BTC, ETH, as well as the stablecoins USDT and USDC. This is to verify a customer’s identity and minimise their risk of being defrauded or their funds being used or originating from illegal activities. An individual’s strategy will depend on their trading plan and investment goals. No clickbait or misleading titles. Virgin Islands, Northern Mariana Islands. Dogecoin has recently established a solid foundation around the key support level of $0. Dear Abel,Thank you for your feedback. This can be good or bad, depending on whether or not the trade has worked out. These tokens are designed to provide traders with magnified exposure to price movements of various assets, either upwards or downwards. To understand this, you’ll need to know the basics of trading on PrimeXBT, which you’ll learn in the following rapid fire Trading guide. Open the downloaded file and tap Install to complete the installation.