PrimeXBT Copy Trading Reviews

PrimeXBT is an award winning broker and copy trading provider that welcomes traders of all experience levels. A word of warning for US investors though, in June 2023, CoinEx agreed to stop onboarding new US clients to its platform imminently, following a large settlement and ban from operating in New York. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Learn more about Baksta’s Legal Terms. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Coinpedia should not be held responsible for image Contact us if you have any issues or concerns. Dear DanutaThanks for your feedback, PrimeXBT appreciates your opinion. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. When it comes to crypto, PrimeXBT has a more modest range than some of the other exchanges in our list, including Bitcoin, Ethereum, Litecoin, XRP, and EOS.

PrimeXBT Trading Platform

We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. PrimeXBT has partnered with Covesting, a licensed DLT services provider, to offer unique benefits through the COV token. They’ve introduced an affiliate program, allowing publishers to earn by promoting their services. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. Copy Trading on PrimeXBT functions on a straightforward yet efficient principle: it enables users to automatically duplicate the trading activities of chosen seasoned traders. Yes, one way to avoid overnight financing fees is to close positions before the end of the trading day. ” using realistic Dogecoin price predictions from experts and technical analysis prediction charts. Also linking to articles containing referral links is not allowed. In that scenario, the trader’s initial $6000 is now $3,360. 01 BTC and there is no maximum amount you can get from the deposit bonus. 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. 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. Before making financial investment decisions, do consult your financial advisor. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Use correct spelling, grammar and punctuation. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. This means they buy during uptrends and short sell during downtrends. However, it also increases your potential losses when the price of a cryptocurrency doesn’t perform as expected. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. This intuitive trading platform caters to the needs of both beginners and experienced traders. At the time of the payment, 10,000 Bitcoins were worth just $41. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. PrimeXBT charged me a withdrawal fee of 0. However, there’s a demo version for new users who are unsure about using the exchange. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. PrimeXBT was founded in 2018 in the Seychelles under the name PrimeXBT Trading Services and has since grown into a global brand with clients in 152 countries. By adding margin accounts into the mix, it can lead to a recipe for total capital loss. Purchasing Bitcoin and altcoins on PrimeXBT can only be achieved with the use of your Visa or Mastercard. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. It’s important to understand the inherent risks associated with leveraged tokens before using them, as they can be complex instruments.

Copy trade

The responses were fairly detailed but lacked accuracy in addressing all queries. Understanding these aspects is crucial for making informed trading decisions. Date of experience: July 25, 2024. The default setting for perpetual contracts is 20x. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. Besides, there is an address whitelisting feature, which lets you withdraw funds to pre approved addresses only. Reply from PrimeXBT Copy Trading. Seek independent advice if necessary. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. 💪🏼 Empowering Traders in a Recovering Crypto Market📊 One of the benefits of trading derivatives like CFDs or Crypto Futures with an online broker like PrimeXBT is that traders can capitalize on both rising and falling markets. The project is supported by the Cardano Foundation, Input Output Hong Kong, Emurgo, and a wide variety of partners and universities. With the present risks involving the presidential election, another selloff of Bitcoin is likely expected as President Trump and VP, Joe Biden’s campaign head into November. Chainlink LINK and XRP show divergent paths in the crypto market. 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. This is to determine whether or not the economy is healthy, and more importantly, growing. Com in your email settings and request the withdrawal again. To view or add a comment, sign in. XRP primexbt.com reached both the 1. 7376, but slowly and conservatively recovered, reaching $0. The recent approval of Ethereum spot ETFs in the United States marks a significant milestone in the Cryptocurrency market, particularly for altcoins like Ethereum.

What is liquidation?

Possibly the easiest way for beginners. Become part of the PrimeXBT Discord community for live discussions, trading strategies, and a space to connect with traders at all levels. This speeds up transaction times and its lightweight design is where the name “Lite Coin” came from. The term leverage used in finance is often a reference to the amount of money that the trader has borrowed. PrimeXBT’s referral program is your gateway to effortless additional income. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. These products are not suitable for all investors. Unrecognized or Partially Recognized Jurisdictions. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Otherwise, if you would have to take delivery of €100,000 to speculate. However, depositing or withdrawing fiat currency will require KYC identity verification. PrimeXBT charges competitive fees with a maker fee at 0. By covesting, even newbie traders can profit as they will not need any experience or expertise to execute successful trades.

PrimeXBT Deposit Options

Prime Technology Ltd is PrimeXBT’s Technology Provider. Find 9 alternatives, competitors, and apps like PrimeXBT from a list of Crypto Exchanges in the Alchemy Dapp Store. Behind every content piece, there is an Expert. Leading traders can monetise their skills by earning success fees from their covesting followers. Returns or profits may be subject to capital gains tax. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Learn more about Baksta’s Legal Terms. 55 per LTC, with a market cap of $4631892169 USD. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. Check out these trading options. In the case of a hacker, gaining access to a user’s password will still keep the account safe, thanks to the 2FA protocols set on the platform. The support team only speaks English and Russian. I must admit that it was very easy to navigate on it, even though it was my first acquaintance with the platform.

Can you buy crypto on ! with credit card?

These products are not suitable for all investors. Bybit’s maximum leverage reaches up to 100x, suitable for experienced traders who understand the high risks. Download now and elevate your trading experience on the move. If a broker is overseen by one of these top tier regulators, it’s a strong sign they’re following the highest standards. This process is simple and supports various cryptocurrencies. Users also have the ability to email support at. This is how “traditional” trading and investing is done, which can be suitable for longer term holders. Prime Technology Ltd is PrimeXBT’s Technology Provider. 20 range for the next six months. In especially during times of severe market volatility, this guarantees effective order execution and reduces slippage.

Step 1: Setting Up and Funding Your Account

This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. You can make deposits and withdrawals within the app as well. Only proper legal or regulatory authorities will receive customer transaction data. Profits from strategy managers recently reached more than 20,000%. Recommended Read: PrimeXBT Contest Module. This is also more appropriate for experienced traders that can monitor and analyse the market effectively. Comparing bitcoin to XRP, Fool. The minimum payout balance is $100 for affiliate income withdrawal. A base pattern formed until there was a strong bullish breakout. And most importantly withdrawals. 7 stars from 212 reviews, indicating that most customers are generally satisfied with their purchases.

Step 2: Trading

When he left Shiba, Ryoshi deleted all of his tweets and blog posts, except one posted titI am Ryoshi, which lays out the vision for Shiba that had emerged over the years where it has evolved from a meme coin into an ecosystem with four tokens and a plethora of utility. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. It has gained popularity for its crypto margin trading capabilities. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. Despite its prominent position, Chainlink faces challenges. My deposit was credited after 20 network confirmations, which took a few minutes. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. No doubt, trading is good on this exchange, as I see in the reviews, but buying to withdraw to your hardware wallet is not possible. The TradingView partnership gives PrimeXBT users industry leading charting capabilities without any added complexity. Best regards,The PrimeXBT Team. Another edge we provide to traders, is through the charting software offered directly through our trading platform. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. This wide range of assets allows traders to capitalize on price movements across the cryptocurrency market. Once familiar with them, any reader will be ready to jump head first into markets and start trading Cryptocurrency right away. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Today, the asset is maturing and finding new use cases, such as a safe haven asset and a contactless payment technology. 18+ and Gambling: Online gambling rules vary by country; please follow them. The latter will not apply if you enter and exit the position within the day. Trading Cryptocurrency is safe so long as the platform you have selected to trade on is safe and secure, and you understand all the risk associated with Cryptocurrency trading. PrimeXBT is a CFD exchange that offers a suite of trading markets, including some cryptocurrencies. Accounts on PrimeXBT can be funded through three different means. Regional Restrictions: Prime XBT doesn’t provide services to users from a wide range of regions, including the USA, Canada, Cuba, Iran, and so on. Users can go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP.

PrimeXBT Futures Trading Fee Structure

Scan this code to download app. Of course, this also works on the way down as losses are also magnified. This commitment to security and transparency builds confidence among new traders. These are not arbitrary stats, but rather, they represent a checklist of important attributes that a user can perform to reach this level of prestige. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. Virgin Islands, Northern Mariana Islands. 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. This offer is simple and advantageous for beginners on PrimeXBT. In the next section, we will explore the usage patterns of PrimeXBT users and how they interact with the platform. Its impressive early performance is further supported by $1,738. Now that we have recently seen some signs of life in the cryptosphere, and that the Cardano market capitalization has reached above the $13 billion level again, it looks as if people are warming up to it again. Both types of fundamental analysis are important for traders to consider before entering a position, especially if it is a long term trade.

PrimeXBT

However, there’s a demo version for new users who are unsure about using the exchange. Ripple, on the other hand, argued that XRP was a Cryptocurrency and therefore not subject to SEC regulations as it did not meet the definition of a security. Charts can also predict the future price movements of a cryptocurrency. If it gives a breakdown of this level and closes PrimeXBT trading a 4 hour candle below $0. VET Token is one of the two tokens employed by the VeChainThor public blockchain and used for transactions and other activities. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Yes, you can find PrimeXBT coupons on Reddit. Additionally, it offers Copy Trading, enabling users to automatically copy the trades of successful Strategy Providers. The complex interface is unsuitable for inexperienced traders. The broker offers highly competitive trading conditions as spreads for Ethereum trades average 2. Besides my profit, the exchange charged an extra £29 in fees. Not all trading or investment strategies are created equal, and some are better suited for each trader’s personal traits. Well, it’s tough to catch these values, becuse they are usually wider, nevertheless it doesn’t mean that you will be ripped off by the broker and its liquidity providers. There is Bitcoin trading with leverage up to 1:1000. I started my trading of popular cryptocurrencies like Bitcoin and Ethereum.

Worse

While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. Each halving event appears to have a diminishing effect on BTC’s price surge. XRP potential is enormous, but there are a lot of things to understand. All of our assets are safeguarded by bank grade security and an offline cold storage asset system designed to protect against any possible risk or threat. The low trading costs are the most notable feature of the PrimeXBT Standard Account. It is important to note that if a position is carried over into a new trading day or trading session, an overnight financing fee is applied. According to the company, “entire infrastructure is designed to facilitate a high number of orders per second and extreme loads while offering ultra fast order execution and low latency”. Make sure you understand the difference between Spot and CFD trading before getting started. We have rated and reviewed the best Forex Brokers accepting Russian Traders. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. The PrimeXBT affiliate program offers individuals the opportunity to earn additional income by promoting PrimeXBT to their audience. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Visit our Help Centre. Upon visiting the account section, you can access the Deposit page by clicking on Deposit in the left hand sidebar, or you can click on Deposit to Wallet in the Account Summary page to initiate the deposit process. Comments:It was amazing, i going to use every day. However, insurance coverage is still rare within the crypto industry. When exploring Kraken, you’ll encounter a user interface that highlights a balance between functionality and aesthetics. User can buy bitcoin and other cryptocurrencies with a credit card or any crypto wallet. Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. The API provides you with comprehensive access to multiple trading features, market data, and account management functions. 2 billion US dollars per day. CFD trading also differs from other derivatives such as options in that it is more similar to regular trading. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. Another common strategy used by criminals is to offer contests, giveaways, or gifts of free Bitcoin and other cryptocurrencies. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The platform offers its diverse customer base cutting edge products and professional trading conditions. Is that there are a handful of scam sites out there, so we’ll do all we can to help you avoid these rogue operators.

Worse

The program accepts worldwide traffic sources and offers promotional materials such as HTML banners and text links. Learn what they are, and how you can use the PrimeXBT token yourself. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Companies can ask for reviews via automatic invitations. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Business Email: Phone: +49 160 92211628. They are legally binding and allow traders to speculate on an underlying asset. X200 leverage futures contracts can be very intense, and poor market movements can easily harm a person’s finances.