PrimeXBT Scam Warning and Recommended Precautionary Steps

PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. The nature of futures and derivatives is that they have a more advanced user base, due to their increased complexity, which can make serving these individuals a little harder, as they have more specific aims and desires. Keep track of your holdings and explore over 10,000 cryptocurrencies. This means that for transactions to execute on the platform’s wallets, they need to authorize the transaction from a number of key holders. In other words, a mirror trading platform links investors to traders and replicates the trading process in real time without human intervention. The last month of the summer was hot on the Copy Trading leaderboards. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. 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. No, PrimeXBT is not regulated, which can be a concern for potential investors. This intuitive trading platform caters to the needs of both beginners and experienced traders. A moving average is created when the bottom support level of an uptrend is traced with the resistance peaks during a downtrend. This give me more oportunities make profit. Virgin Islands, Northern Mariana Islands. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner. You do not want to go in blindly, considering that the Bitcoin market is already risky on its own. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Appeals to unban users will not be granted. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. They offer traders a level of automation and discipline by automatically executing trades at predefined minimum price and levels. There was no additional explanation for the blocked access in these regions. You will also be able to deposit Ethereum ETH, Tether USDT and USD Coin USDC with the same instructions above. Binance’s then CEO, Changpeng Zhao, was also sentenced to four months in prison. Tailored to accommodate both newcomers and experienced traders, the platform integrates advanced trading options like margin trading and leveraged positions, enabling users to trade effectively in both rising and falling markets.

Cryptocurrencies Available on PrimeXBT

This is the difference between being a professional trader, and a gambler. With copy trading, you can copy trades of more experienced traders and enjoy the results of their analysis, while you gain the experience to start trading yourself. 35350, protecting your account but locking in losses. Com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We benadrukken ook het belang van het implementeren van robuuste risicobeheerstrategieën. 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. Margin trading in the world of cryptocurrencies enables traders to control a large amount of digital assets using a small deposit. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can PrimeXBT ograniczone be complex and unsuitable for inexperienced traders. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. The price of cryptocurrencies is dependent on a market and thus it can vary by a few percent on different exchanges meaning there are small margins to be made here and there. PrimeXBT’s unique selling proposition for traders is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. After you are done click on 3 «Modify Position» and the changes will be saved. For example, if you deposited with Volet, you must also withdraw using Volet. PrimeXBT is a well established CFD exchange that has become a popular platform for all types of traders as it gives clients the ability to trade a number of assets including crypto, stocks, forex, commodities, indices and more as contracts for difference. 📈✨ Enjoy features like portfolio diversification, hedging, leveraged trading, and copy trading options. Gift cards are not commonly used for deposits on PrimeXBT. Margin also lets traders long and short, as well as trade derivatives contracts like Futures, CFDs, and Options. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. 99% fee, not PrimeXBT. This feature certainly stands out in the crowded market and positions PrimeXBT uniquely.

Does PrimeXBT require KYC?

$2,000 by bank card. However, since then we have seen crypto sell off viciously. PrimeXBT offers high leverage on various assets, with up to 1:1000 for CFDs and 1:200 for cryptocurrency futures. Review collected by and hosted on G2. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This is the best case scenario. Phemex makes gold futures available. Bitcoin, Ether and all other cryptocurrencies markets’ live price. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. Forex markets have a few basic trading strategies that you should be aware of. Becoming successful takes plenty of time and practice, and often new traders end up losing money before they learn enough from their mistakes to correct them and later become successful. Being traders ourselves, we meticulously analyze over 100 brokers using real money, which grants us the expertise to evaluate the safety credentials of any given broker. 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. Making use of smart integrations like Covesting is a smart and open approach to enhance the platform’s functionality outside of its default domain and makes up a wholesome trading experience. This is a very simplified example, but it gives the proper idea. While such high leverage amplifies potential profits, it also heightens risks. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. It displays the latest actual price of the coin, the maximum price for the day, the minimum for the day, the trading volume, and the prevailing trend: upward or downward. Information written by the company. Trading on this platform has helped build my knowledge and improve my skills. Some of the methods are quite popular and easy to do, while others require a bit of work.

How are overnight financing fees calculated?

Tackle the fundamental questions of Web3 and prove your expertise. So, how does this happen. Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. Keep reading to learn who topped the leaderboards in July 2024. » – Jonathan Wright at ProductHunt. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. However, to buy up to $13,000 worth of crypto, proof of identity and address are required, and for amounts above that, proof of income is needed. Whether you’re new to trading or have advanced strategies, Bybit provides a reliable and efficient place to trade. Prime XBT also supports a number of transaction services such as. Lets see how it goes. Dogecoin has lost as much as 93% of its value from all time high, after Dogecoin hit 75 cents per coin. I know they want to use the fraud as an excuse but my crypto is no where near the level of being fraud material. One crypto exchange may be good for professionals and another – for novice traders. HODLing strong during the few 30% corrections in Bitcoin on the way up always resulted in more upside following. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate. Following this, the market leader, BTC price recorded a correction of 3. 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. PrimeXBT Special provides a variety of promotions such as a Special Welcome Gift of $100 for your initial deposit within the first 48 hours, along with bonuses up to $7,000 as you continue to advance. Go to My Account and select the tournament you are interested in and click «Join». Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Cryptocurrency exchanges rely on two main types of wallets: cold and hot wallets. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. As traders spend the majority of their time on the main trading platform, it is pretty important that it is well laid out and intuitive from a user interface perspective and has all the features and tools that one needs. Looking forward, they believe that BCH will reach as low as $40 in February 2025, before starting to stabilize again. However, despite this impeccable record, the strategy has encountered a monthly loss of 49. While spreads can fluctuate due to market conditions, we strive to maintain transparency and fairness in our pricing to ensure that our traders can execute their trades efficiently and at reasonable costs.

Risk warning

Our robust ecosystem includes Crypto Futures, Copy Trading, and Global Market trading across Forex, Commodities, Stock Indices, and Cryptocurrencies. Learn more in our Cookie Policy. However, the absence of custom price alerts was a notable drawback. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Yes, it will come down to your position sizing and how much leverage you choose to use. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. The trader decides to use that cash to pay for half of the position, which is 100 shares. When used correctly, a sufficiently margined position will amplify positive market movements, multiplying potential profits. Our 24/7 support team here to help. Prior to joining NCB, Mr. Experts’ Cardano price prediction is saying that prices may drop to $0. Upload your document make sure you upload both sides of the document where applicable, and that they are clear and fully visible. Something that you may have noticed is that PrimeXBT does not require any forms of identification when you sign up. When you later sell crypto, you’ll need to record the proceeds from the sale. A Stop order is an order to buy or sell an asset once the price of the stock reaches a specified price, known as the stop price. 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. At PrimeXBT, we accept Bitcoin deposits. Note that you might have to share your personal identification if you intend to use any of the services mentioned above. With this in mind, it is crucial to note that all Clients must abide by PrimeXBT Terms of Service and should always exercise due diligence in following local laws and regulations when using PrimeXBT services. Risk warningBefore 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. Users can trade long or short, with margin. From my first look at PrimeXBT crypto platform I realized that it is a powerful tool.

Disclaimer

The UI/UX for both platforms is great, and both platforms have highly rated apps, with the PrimeXBT app even winning an award for best crypto trading app. Furthermore, a big shot reward of $500 is available for deposits over $2,500, while a high roller reward of $1,000 is available for deposits of over $5,000. Their initial investment is magnified by the platform, to help them to make larger trades. Throughout my testing, the app performed smoothly without any bugs or glitches. If this is something that you would like to get involved with then you will need to get your referral code. 005 percent charge for cryptocurrency and a 0. The PrimeXBT team is committed to 24/7 customer service. Our aim is indeed to provide a unique trading environment where traders can access not only a wide range of cryptocurrencies but also explore markets such as forex, commodities, and indices—all in one place. There are also chat rooms in Telegram, some of which are localized by the country of residence of the clients for convenience. 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. The specific fee amount depends on the cryptocurrency being withdrawn and can vary due to network congestion and transaction volume at the time of your withdrawal request. Fiat money payments will trigger KYC requirements. The 24 hour trading volume amounts to $40714155 USD. Transfers between hot and cold wallets use multi signatures, which reduces the risk of a single point of failure. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. This groundbreaking technology has ignited an entire sector focused on revolutionizing traditional finance, with cryptocurrencies already making strides towards widespread adoption and routine usage by the general public. After all, it is one of the top 10 Cryptocurrencies in the world when ranked by market cap. No matter what your other crypto trading needs may be, we’ve got you covered. PrimeXBT is a cryptocurrency trading platform that offers access to financial derivatives like crypto futures, CFDs, and forex. We can’t guarantee that a Margin Call will be delivered shortly after your margin drops below the required minimum, or prior to Liquidation.

غرفه کافی شاپ​

Leverage amplifies your profits. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The fiat withdrawal process was straightforward but took a long time. You can secure your account with a strong email and password combination, along with two factor authentication 2FA. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews articles and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union. The fiat withdrawal process was straightforward but took a long time. Do not make random unsolicited and/or controversial comments with the intent of baiting or provoking unsuspecting readers to engage in hostile arguments. Note that PrimeXBT is not available for users in the United States. The status of a withdrawal can be checked in the ‘Transaction History’ or ‘Withdrawal’ section of your account. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. This is much different than most markets that you may be used to, such as futures or stock markets. It also provides a breakdown of individual crypto and US dollar balances. Best regards,The PrimeXBT Team. Despite the general downtrend, market fundamentals for GHST remain strong and could push the highest price to $41. There is charting, easy order execution, and account management. To take advantage of and claim the Welcome Bonus offer. But if you want our honest opinion, you are better off using other exchanges we’ve reviewed. BitSeven works with Google 2FA, which is a mechanism that was created to verify the identity of the user who is trying to log in after entering the email and password, which is essential for accounts in exchange companies if we consider that someone can steal your password and email address. We hosted an entire series on copy trading and how it can be beneficial to a large scope of traders: Copy trading series. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade.