FAQ

Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. Polygon Ecosystem Token POL. No, PrimeXBT doesn’t support users from the US and the UK right now. We recommend using a unique Email and Password combination that you are not using for other services. Receive the latest news and stay informed. The company is registered in Seychelles and serves clients in over 150 countries. Learn more about Baksta’s Legal Terms. Customers can fund their accounts by depositing via bank card or bank transfer. These blockchain and cryptocurrency based protocols allow much more futuristic or financial focused technologies, such as lending and borrowing, as well as virtual reality worlds with digital real estate and individual token economies. PrimeXBT presents an interface that’s both customizable and user friendly. Its native token, OKB, as previously mentioned, is used to pay for gas fees interacting on the OKB chain, which is built on the Cosmos blockchain. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. It’s measuring 1% or 10% section of the order book from the midpoint price 1%/10% of the buy orders, and 1%/10% of the sell orders. PrimeXBT has most of the standard order types as well as some protection orders. This commitment to openness allows for a trustworthy and straightforward user experience. These are professionally done and well presented. The core thing to understand is that traders are automatically provided with buying or selling power, which is equal to 100x times of their balance. You should also understand how to pull up a new chart, review the account totals, including your wallet. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. Recently, CNBC’s Jim Kramer claimed it is “irresponsible” to not own some Bitcoin at this point. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Optional KYC and a demo account for practice are also available.

PrimeXBT: How Can September’s Seasonality Affect the Current Crypto landscape?

It would be nice to see the platform test the waters with API functionality as more exchanges introduce API functionality to their platforms. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. By November 2013 though, it had practically hit the moon at $1,100. Shiba Inu price prediction. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. This places PrimeXBT more in line with the fees model of a CFD https://primexbt-online.com/retirada/ broker than a Futures exchange. Compare Other Crypto Exchanges. Brand operating since. Also, new traders can take it as a learning opportunity by observing how professional traders move.

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The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset. Ask your question in the comments below. However, the length of the ongoing litigation coupled with the advances made by other cryptocurrencies has made many investors wonder whether holding XRP is worth the risk. PrimeXBT integrates TradingView charts, which is a nice feature. Withdrawal Impact: Withdrawing any funds from your account will automatically cancel any active bonuses. The spread is essentially the fee you pay for trading an asset. Here are our top two reasons. They are available from any browser, which makes trading comfortable. Limited Time and Usage: Many bonuses have expiration dates or conditions tied to specific trading volumes or deposits. Appeals to unban users will not be granted. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This makes it a good choice for traders looking to save money. Wallets work very similar to a bank account that you personally control and manage, and are therefore responsible for. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. You decide that the pound will continue to look weak going forward, as the economic figures coming out of the United Kingdom continue to nosedive. Positive feedback often highlights the platform’s reliability and user friendly interface, while areas for improvement include customer support responsiveness. It takes just a few minutes to get started. From the beginning, I couldn’t succeed but then I understood how to filter out unprofitable offerings and it worked.

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To evaluate the quality of customer services for diverse user needs, we created a unique trading test. While non KYC exchanges do not require identity verification, blockchain transactions are publicly available. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. How does PrimeXBT compare with other trading platforms in terms of withdrawal fees. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Select additional content. So, how do these distinct elements collectively shape the trading experience on PrimeXBT.

Deposit and Withdrawal Fees on PrimeXBT

At first glance though it indeed looks like the answer to the question: is Chainlink a good investment, is yes. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. Additionally, it doesn’t accept users from some regions, including the USA, Canada, Cuba, Iran, and so on. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. We’re glad to hear that your withdrawal was processed promptly, especially during a time of need. Trading Fees: The platform charges a flat trading fee of 0. On Bybit, you can deposit crypto, or buy directly using your debit/credit card, bank transfer, Google Pay or Apple Pay. There are also a number of trading products, like XRP futures contracts that allow for shorting and leveraging that make this one of the best ways to invest in XRP. Selecting the right payment method involves considering factors such as transaction speed, fees, and limits. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. $20,000 or equivalent for unverified users. Simply add a new time code generator in your 2FA app and enter the 16 digit backup code. This table provides a quick reference to the key aspects of using PrimeXBT. 🌍 Global Accessibility: Operating in over 150 countries, PrimeXBT boasts a community of over one million traders. 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. This will help you plan profitable trades in advance and earn maximum profit. We respect your privacy while trading digital currencies which is why we do not require our clients to undergo KYC procedures, exposing personal information. This means that they will get you the best price available, once a level is touched. In the end, it all comes down to personal preference, however, there are several factors that should go into selecting the best crypto trading platform for you. Trade the Futures market with perpetual contracts on popular Cryptocurrencies like Bitcoin and Ether, on our easy to use platform. Unlimited for verified users. Embrace volatility: the Cryptocurrency rollercoaster. The volatile nature of the Cryptocurrency market often makes it highly unpredictable. If this this case will be solved correctly i will update you otherwise goodbye no trust will be left. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 50, they will only buy the stock at the price of $10.

Customer Service

A MATIC price prediction is difficult in these times, but as crypto regains its footing, a lot of developers will be looking at Polygon. Here you can select the parameters of your predictions, such as Currency, Duration and Amount of funds used in a prediction. FTX bankruptcy Chapter 11 9:14 PM. PrimeXBT offers this feature, enabling users to follow expert traders and potentially benefit from their successful strategies. Understanding these fundamentals is crucial for successfully shorting on PrimeXBT. CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT has a minimum deposit requirement which varies depending on the chosen deposit method. The withdrawal fee is a flat fee i. Polygon POL ex MATIC was first introduced in 2017 and launched its token through an initial exchange offering IEO in 2019 at a price of $0. Once the deposit is processed, the bonus funds will be credited to their account. They provide traders with the ultimate flexibility by not being tied to any expiration date. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. By understanding these key aspects, traders can navigate PrimeXBT more effectively and ensure they are trading in a secure and compliant environment. It’s a great way for those new to online trading to learn how to invest without making some dumb rookie mistakes. It may take some time, however, before your payment shows up in the account because there are six automated confirmations that need to be made for security purposes. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Regulated: FSC of BVI. Finding a reputable list of Prime XBT demo accounts local or worldwide can be a difficult process, PrimeXBT especially finding a complete list from a trustworthy reputable source. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. The file is verified secure by PrimeXBT. In the next section, we will provide tips for selecting the right strategy manager. Upon joining a contest, you will be provided with a free pre funded contest account. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. Click Download and confirm the file download if you see a warning. Traders use this type of order for two main strategies: As a risk management tool to limit losses on existing positions, and as an automatic tool to enter the market at a desired entry point without manually waiting for the market to place the order.

PrimeXBT Daily Withdrawal Limits

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. They are financed only by SWAP. We may include partnership links, but they don’t affect our ratings or recommendations. You’ll find the answer in the next section. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. People can transact with cryptocurrencies through a crypto exchange platform or self custodial wallets facilitating peer to peer transactions. 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. 01%, while on PrimeXBT, they were consistently over 0. Traders also need to be well aware that this takes time, and it takes effort, as it is quite intensive throughout the day monitoring markets and price fluctuations, more so, it is risky as money can be made and it can be lost — this is why finding a strategy upfront that suits you is necessary. This section delves into the personal experience of using the platform and evaluates the customer support provided by PrimeXBT. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. PrimeXBT provides reasonable costs and spreads compared to other trading platforms, making it an excellent alternative for Namibian traders seeking cost effective trading solutions with transparent pricing structures. The platform does not charge additional non trading commissions, such as account replenishment fees. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The financial and market information provided on U. One of the major influences will also be central banks around the world, as they continue to raise interest rates. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. It is worth bearing in mind that during the process of making a financial transaction, you will be automatically redirected to the PrimeXBT partner company page. We appreciate the 10/10 rating and hope to continue supporting your trading journey. According to the FCA, mirror trading fits within MiFID’s definition of portfolio management. In downturns, though, they may precede larger cap Cryptos as people risk off smaller more volatile tokens. PrimeXBT is officially set up in Seychelles, which means it follows international laws. If we do, it is most likely cTrader as the next alternative. Very easy to use as a new trader. When using live chat, I usually received a response within 2 minutes. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

Day Traders: Acceptable choice

Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. From 1 December to 31 December 2024 ;. 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. Visit our Help Centre. «If there is lackluster adoption and demand for bitcoin, or fee revenue is inadequate to incentivize miners to upgrade their hardware and mine new bitcoins, security could decrease and threaten the network,» he says. Next, we will summarize the key points discussed in this article. Traders can also use up to x200 leverage, letting them trade with smaller investments. Find my crypto exchange. Any withdrawal requested after 12:00 UTC will be processed on the next day. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. 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. 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. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. 5x leverage means you can control a leveraged position five times larger than your initial investment. It initially hit a high of $3. Traders can test various strategies or familiarize themselves with the platform’s features in this practice environment, which simulates a real trading environment without financial risk. The safest way to buy Bitcoin is to use a regulated broker and to have enough free margin in your account to withstand negative price fluctuations. 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. Many trades are done with 0. $20,000 or equivalent for unverified users.

FrancoPereira

They ask for more and more deposit and never. Go to Settings > Security and enable Install from Unknown Sources if prompted. This article provides a comprehensive comparison between PrimeXBT and eToro, covering aspects such as trading options, fees, security, and user experience. Firstly, it offers a diverse array of assets — from crypto CFDs to stock indices — focusing on innovation for a seamless user experience. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. In addition,the exclusive Copy Trading module sàn giao dịch PrimeXBT lets traders easily mirror the portfoliomoves of top performing Strategy Providers to earn passive income from cryptowithout hands on experience. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes including, but not limited to, any income, capital gains, sales, value added or similar tax which may arise from Your participation in the trading with margin. 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. When crypto lacks momentum or its characteristic volatility, traders can access other markets that trend at different times and intensities. Click on your account dashboard’s “Global Markets” tab to open up the trading platform. Many countries may trade on the Exchange, except those that are prohibited or unrecognized jurisdictions. You need to remember whether you have the time commitment or desire to learn how to trade. I’ve done that, and it sucks. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Learn more about Baksta’s Legal Terms. If you do not meet a margin call, this triggers an automatic liquidation of your position until there is enough margin left in your account to cover any credit risks. Something that most traders are no doubt aware of is the risks of “order slippage”. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator.

Khalid m

Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. For traders who want to keep their finger on the pulse of the market and not miss opportunities to open profitable deals, there is a mobile application PrimeXBT. There is a multitude of indicators and candlestick patterns that traders will use to determine potential moves as well. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. Chainlink is a cryptocurrency and technology platform that is best thought of as “middleware. Leverage amplifies your profits. These bots make it easier for a trader to keep track of the price movements and opportunities that increase the chances of profits. No, it’s not accessible in the US or certain other countries. Of course, there are plenty of whales that own both, just due to how crypto came to be. In fact, most professional traders will cut back the size of their trading positions when markets are swinging around wildly, making sure to take care of their risks far ahead of worrying about their profits. Please refer the table below. This bonus is a useful tool for traders looking to expand their trading options, but it’s important to fully understand its limitations and potential risks. As the crypto world changes, PrimeXBT’s ability to keep up will be key to its success.

Finport

Reply from PrimeXBT Copy Trading. PrimeXBT offers margin trading, meaning traders can use borrowed funds leverage to increase the size of a trading position beyond what would be possible with the trader’s own capital. I’ve come across Prime XBT yesterday and have not seen any reviews of their site. Turbocharge your trading with our Bonuses, Promos, and Trading Contests. These products are not suitable for all investors. Register and join our community with millions of traders from all around the world. There are a few other things that you need to know when trading with leverage, one is a certain amount of money is required to keep a leveraged trade open. PrimeXBT is an acceptable choice for day traders.

Worse

Learn more about Baksta’s Legal Terms. In an op ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling ” with a nearly 100% edge for the house. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Getting started at Bybit is very simple, and if you are a citizen of the United States of America, you can follow the steps above. The charting tool of PrimeXBT is strongly based on Tradingview and offers all basic means. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. We work hard to offer you valuable information about all of the brokers that we review. 1 ounce of gold = $36. Best Regards,The PrimeXBT Team. 1, as well as 0 fees. 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. It’ll literally only take you a couple of minutes to get started and you can earn 20% profit share on your followers wins. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Wondering how PrimeXBT works. Here is a look at the Bybit trading interface. As the popularity of cryptocurrencies has grown, so has the number of crypto exchanges available, each offering a unique set of features and services. Yes, both PrimeXBT and OKX offer copy trading, allowing users to mimic the trades of experienced traders. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Our detailed price comparisons and cryptocurrency guides have you covered. 20, the average price at $127. But, PrimeXBT works hard to process all requests fast. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Also, now that the ongoing lawsuit with the SEC has concluded XRP’s price could travel much, much higher.

Referral ID

Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Lead by example and treat others as you would wish yourself to be treated. PrimeXBT offers an affiliate program for its global trading platform. Still, you will need to decide which Cryptocurrencies you would like to trade. Select your ‘Order Type’ and the ‘Amount’ you want to trade. PrimeXBT offers the following fee structure. 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. Supported cryptocurrencies include. Set stop loss orders to limit potential losses. Dear Vuyo,Thank you so much for your detailed feedback and recommendations. Nonetheless, the final outcome of the SEC vs. Setting up an account on PrimeXBT is a straightforward process that involves a few simple steps. It is currently trading above $6,000. Fees and security measures are compared, with PrimeXBT offering simple fees for trading and withdrawals and utilizing Cloudflare for DDoS protection. PrimeXBT delivered a seamless trading experience. Despite having strong start of the year, the market then “survived” two crashes this summer, in July and August when BTC plunged to around $50k. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. ” should know that the most popular crypto derivatives are futures and options. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. 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 does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Overall, the PrimeXBT Covesting feature is useful. Market volatility plays a significant role in determining overnight fees.