PrimeXBT Review 2025: Complete Exchange Overview

Our clients love how fast and simple our sign up is. When using live chat, I usually received a response within 2 minutes. By trading a futures contract, traders can control a larger position size than their initial investment, amplifying potential returns. With this in mind, you should weigh the pros and cons of each strategy and only risk a small amount with it initially. And 11 tradable indices. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Yes, PrimeXBT has a mobile friendly website and a dedicated mobile app available for both Android and iOS devices, allowing you to trade on the go. For instance, funding fees for BTC on Binance and Bybit were both 0. PrimeXBT’s interface is tailored for advanced traders, featuring a clean and professional design with access to a wide range of trading tools. Of course, this also works on the way down as losses are also magnified. This means you can profit from both rising and falling markets. Head to the « withdraw » page and provide your Bitcoin wallet address. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited time offers and expanded options for Cointelegraph publications. Com may receive compensation from the brands or services mentioned on this website. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. Cryptocurrency trading instead provides holders of Crypto with an alternative to investing – profiting from both market downtrends as well as uptrends. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. Liquidation is the automatic closing of all currently open positions at market price, if margin requirements are not maintained.

◾️ What markets can I trade?

By strategically choosing the appropriate order type, you can enhance your trading efficiency and minimize costs. Plus, in the event of a dispute or loss, recovering funds might be more difficult. With the Fat Pig Signals VIP subscription, you can gain access to extremely detailed trading signals that are compatible with most major exchanges, strategies for portfolios, DeFi space opportunities, news coverage that may affect specifically the crypto market, recommendations for new projects and reviews of them. Hello Sevim,Thank you for your feedback. In addition, there is a section “Economic Calendar”. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. However, the absence of custom price alerts was a notable drawback. As a user interested in trading with PrimeXBT, you need to be aware that there are only seven crypto trading pairs. A $2 PrimeXBT (Cy) Ltd per coin is a huge possibility by 2030. Stake cryptocurrencies in DeFi yield generating applications to earn interest on idle crypto assets. You might also like: Oanda Review. My tests revealed that PrimeXBT’s trading fees are average to slightly high compared to industry standards. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Note, the program is exclusive to PrimeXBT accounts. You can also monitor any service or website on your status page. PrimeXBT’s mobile app, available on iOS and Android, provides fast and convenient access to the market anytime, anywhere. That is why we must also consider the number of active days.

Meta

However, cryptocurrency trading with PrimeXBT includes a 0. For those of you who are going to be away from your desk, you will be happy to know that PrimeXBT also has a couple of mobile apps, PrimeXBT and PrimeXBT Futures Pro for more advanced trading. As a non custodial platform, Changelly does not enforce KYC processes as standard. Creating an account on PrimeXBT is the first step towards trading and achieving profitability. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. PrimeXBT PTY LTD previously Stack Advisory 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. However, if the price drops, your losses also double. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. 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. Ethereum has seen massive growth over the last several years, but the pullbacks have been brutal. 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.

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So far my experience has been amazing I’m liking it. Com ReviewRoboforex ReviewIC Markets ReviewForex. The standout feature of PrimeXBT’s offering is its rock bottom $0. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. PrimeXBT provides a proprietary web based trading platform equipped with advanced features, and a mobile app available for both iOS and Android devices. The margin options are also excellent, providing flexibility. First Digital USD FDUSD. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This is where we’ve collected the most popular reviews about the PrimeXBT app. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Some exchanges need to verify these details by asking for proof of identity and a proof of address. After the drop seen in 2022, Ethereum seems on track to grow into 2024. Second, when it comes to trading technology, they do not offer API functionality. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. Common issues reported by users include. Unlike most exchanges today, KYC verification is optional on PrimeXBT. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. One way that traders will take advantage of leverage is to trade a leveraged ETF. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. PrimeXBT offers a robust platform for cryptocurrency trading, providing efficient payment solutions for users worldwide.

What are the trading limits?

First, because there is limited liquidity in the market, and two, the matching engine at the exchange isn’t fast enough. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Top 10 alternatives to PrimeXBT. PrimeXBT Instruments: My Key Takeaways. The EUR/USD pair is a popular currency pair to trade in the. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. If the company decides to do a runner or a rug pull, or even if they decide you didn’t actually win that trade and refuse your payout, there is very little legal action anyone can take against them. 32 to send USDT over the BEP20 network. Referral Program: PrimeXBT offers a lucrative referral program. It’s not to say that a trader with a higher fee is automatically somebody you should not use; it’s just that you need to understand that a costly copy trading strategy needs to perform much better than one that is economical. However, PrimeXBT does not offer any lower risk securities, such as ETFs and bonds. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The ability for Ethereum to be so many things over the long term has Wall Street taking notice, thereby bringing institutional money into the market. Providing financial education to those who need it most has always been a passion of mine. The file is verified secure by PrimeXBT.

Kazakhstan Blocks Over 3,500 ‘Illegal’ Cryptocurrency Exchanges

He has also made clear statements supporting the adoption of cryptocurrency if re elected, which raises the question: could this lead to greater adoption in the space. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Returns or profits may be subject to capital gains tax. So traders can quickly signup and start trading right away. Here are the general rules. Let’s say you want to buy $100,000 worth of bitcoin but only have $2,000 in your trading account. That’s in addition to some of the lowest fees, to ensure you can trade more for less. Best regards,The PrimeXBT Team. 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. PrimeXBT does not accept traders from The United States of America US Reportable Persons or residents of 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, US Virgin Islands, and Northern Mariana Islands. Comments: Despite seeing several reviews expressing concerns about high leverage on PrimeXBT, I actually find it to be an advantage as it increases the potential for profits.

Doesn’t currently offer lending or borrowing against your stored funds

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. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. However, Ripple’s continued expansion of partnerships in the cross border payment sector could provide a strong foundation for growth. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. For enhanced security, it offers two step authentication and biometric login options. The table demonstrates how much you would have to pay to trade 1 full lot 100,000 units in EUR/USD with a pip value of $10 for each account. Are you an Apple user. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. If you find someone willing to bet against you, you will get returns if your prediction is realized. Serving clients in more than 150 countries, PrimeXBT is a Bitcoin based margin trading platform that offers instant access to over 30+ assets, including Crypto, Forex, Commodities, and Indices with real time market data. Best regards,The PrimeXBT Team. Usually, there is a chat icon on the bottom right corner of the website where they can initiate a conversation. 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. As the company continues to grow and improve its offerings, the leadership of its Founder and CEO will remain central to its success and evolution as a top trading platform. We also offer the option to deposit money, or buy Crypto outright. Users of the crypto exchange can receive various bonuses and take part in contests and promotions with cash prizes. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. However, a substantial portion of ADA’s supply was already unlocked at launch. ⏰ Join us at 13:00 UTC🔔 Set a reminder: abXVs. Deribitsuggested that users would need to “manage positions accordingly” and initially refused to roll backthe trades of innocent users who got caught up in the unprecedented and unusualvolatility. Yes, there are withdrawal limits on PrimeXBT, which depend on the user’s account verification level.

Leverage and Derivative Traders: Perfect Match

While it is possible to see significant returns in a short time, it is also possible to lose a substantial amount just as quickly. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. This means a daily rate of 0. As a P2P trading site, there are no withdrawal limits, but there are limits to the number of contracts, active offers, and volume allowed for a single trade. If you have any questions or need assistance with your trading strategies, please don’t hesitate to reach out to us at. During testing, I received fast responses with a reasonable level of detail. Withdrawals are processed 7 days a week. 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. Pros and cons of market diversity on PrimeXBT. In order to make any movements from the cold wallet to the hot wallet, they make use of multi signature access that needs to be executed by multiple employees. Regulated: FSC of BVI. A trading day refers to a 24 hour period in which the markets are open for trading, which can vary by market and location. Margin trading is a strategy involving using borrowed funds, also known as “leverage,” to increase your buying power. Dear Farhan,Thank you for sharing your excitement about trading with PrimeXBT. PrimeXBT Trading Services, S. Once your connection is secure, and you’ve ensured that you’re trading in compliance with your state’s laws, you can proceed to register for a PrimeXBT account.

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All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Copy traders can earn up to 75% of the profits, while experienced traders can earn additional income by acquiring followers and sharing up to a 20% profit share from their strategies. Withdrawals are typically processed within 10 30 minutes, but times can vary based on network congestion and the cryptocurrency being withdrawn. By the end of this article, you will have a clear understanding of the costs associated with using PrimeXBT, which will help you plan your trading strategies more efficiently. Currently, Stellar Lumens XLM is experiencing some significant developments. Additionally, the exchange provides a user friendly interface and robust security features, including cold wallet storage and two factor authentication. If the app is unavailable in your region, you can still access it through direct download from our site. Regulated by the authorities in Cyprus. There is no fee to join the PrimeXBT affiliate program. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. The remaining 99% of the required funds will be made available by your broker as a loan. In a sense, one of the biggest hurdles to success lies within the actions of the trader itself. Read our full Kraken review. Ether tokens have multiple uses, including paying participants for supporting the blockchain and fueling the computations required to execute smart contracts. That would give XRP a larger market cap than Meta. You can find comprehensive guides and step by step tutorials designed to help you become a better trader. The EUR/USD pair is a popular currency pair to trade in the. These developments are key to increasing Shiba Inu’s utility. User PrimeXBT Crypto Futures reviews talk about the platform having a x200 leverage it’s something that I’ve discussed earlier, as well. PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. 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. PrimeXBT integrates TradingView charts, which is a nice feature. CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses.

Open free account

However, you can use third party services to convert fiat into cryptocurrency and then deposit it into your account. The trade fees are very straightforward. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT, established in 2018, is an online trading platform that provides advanced financial technology to traders worldwide, helping them maximize market opportunities. Although new in the crypto industry, this is an exchange recommended for those who prefer to remain anonymous KYC free when trading cryptos. With up to 200x leverage on Bitcoin BTC and Ethereum ETH CFDs, PrimeXBT caters to traders seeking high leverage opportunities. Always check the website for the most up to date information. It’s advisable to withdraw larger amounts less frequently to reduce the impact of fixed withdrawal fees. If you are using “one click mode” then the contract will be executed immediately and an arrow icon will appear on the chart in the position where the price of the contract and the expiry time of the contract meet. Please note that the availability of these payment methods may vary depending on the user’s location. The option to change the candlestick chart and turn it into a line bar graph is at the left. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. PrimeXBT has published over 350 educational articles on its website, which are free to access. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Essentially, it involves using borrowed capital to enhance one’s trading position beyond the limits of their own funds. Should you trade with PrimeXBT. This is what is known as the over the counter, or OTC market. One effective approach is to optimize the number and size of trades. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Enable One click trading: enable/disable available trade modes;. From there, traders can develop a trading strategy and plan to manage against risk before making an entry into a position. Explore the world of trading with PrimeXBT and unlock new possibilities today. Let’s make it a profitable season. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The support manager recommended me to go the Analysis page and use the TradingView database. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

Worse

This web based platform ensures you can still enjoy a comprehensive trading experience directly from your browser on any mobile device. However, if you are a regular user of limit orders, then check out our Bybit review. However, make sure you understand the damage that misplaced margin trading can cause before you undertake it. Typically, concerns about the interest you pay on a margin loan are something that people worry about over the time span of months, not minutes, hours, or even days. I opened this long position with a tight stop loss. It’s recommended that day traders start with at least $30,000, even though the legal minimum is $25,000. Here are some of the more common ways to invest in Ethereum. This is optional because some traders believe and hang onto the longer term trend. Whether you’re looking to explore high leverage opportunities on well known cryptocurrencies or to trade futures on newer assets, Gate. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. Margin trading can increase the size of your positions beyond the actual funds available in your account, but it can also increase your market exposure. A liquidation occurs when a broker must sell all open positions in order to cover the outstanding margin balance with whatever collateral has been deposited. Our human support team is here to help 24/7, in your language. 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. But, at the end of the day, they fail to estimate what their personal risk appetite is. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Reply from PrimeXBT Copy Trading. Dear Farrukh,Thank you for sharing your experience with our reward system. Typically replies within 1 week. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX.

Worse

PrimeXBT is a CFD exchange that offers a suite of tradable markets such as crypto, commodities, stocks, indices and more in one convenient place. Unlimited via Perfect Money. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Remember, trading involves risk and it’s important to understand the risks involved before starting any trading activity. Saying Coinjournal is much more bullish on their Cardano price prediction would be a huge understatement. This is because both futures and stock markets are centrally controlled, via an exchange. In order to do this, you will need to provide them with an email and password. PrimeXBT charged me a withdrawal fee of 0. PrimeXBT integrates TradingView charts, which is a nice feature. Acting as the lender, the brokerage then charges an interest rate on the amount of money borrowed. To protect user data and integrity, PrimeXBT has developed a comprehensive anti money laundering AML system, adhering to the guidelines and recommendations of the Financial Action Task Force FATF for Virtual Asset Service Providers. The PrimeXBT affiliate program is a great way to generate additional income by promoting a reputable trading platform to potential users. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. 🤔 When is this happening and what to expect. Regular checks and DDoS protection keep the trading space safe. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX.