Reputation AndReliability Comparison: PrimeXBT, ByBit, and Binance

Below is a chart that shows how a traditional margin loan would work in a traditional stock brokerage. If you have any further feedback or questions, we’re always here to assist. There are also exclusive promotion periods and additional rewards for some of the top traders. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. 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’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. As a result, the price of BTC rose even more after this saga and continued charting new highs, rising a whopping 15% over the Christmas weekend. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. A trade on the GBP/USD CFD contract has a margin requirement of 0. This is the last insightful jobs report that the Fed will have before the FOMC meeting in November, given the strikes at Boeing and the US ports which have now ended that occurred in early October. While sites such as PricePrediction were bullish as of 17 April 2023, the likes of Wallet Investor were a bit more cautious. You can find out more about them in our Gate. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. Convert ChainLink to Project Galaxy with our easy to use Currency Converter. Our clients love how fast and simple our sign up is. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. It is offered as a “fixed tradable bonus,” which means the bonus cannot be withdrawn, but it can be used to open positions. The platform also provides a mobile app, ensuring that you can trade on the go. After considering a crypto exchange’s security, examining its fees is the next crucial step. The interface is carefully structured, ensuring that essential features are easily accessible and understandable, even for those new to trading. Syla is an industry leading crypto tax software that can be used for PrimeXBT. Yes, all gains must be reported, but you only pay tax if your total gains exceed the annual tax free allowance. Scan the QR code with your device’s camera and get APK file. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income. We’re here to help you continue your progress towards your goals.

PrimeXBT Review 2025

Most people copytrading are crypto guys, but there are a those that do CFDs, easy to see, and they are great. This high supply means a huge market capitalization should be reached for the price growth rate to accelerate significantly. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Gotta give credit where it is due, the Bybit team seriously stepped it up. Com so we can address your specific issues. Parachains will use the Relay Chain security and interoperability for the finality of transactions. Though CFDs are preferable tradeable instruments for some traders. Cryptocurrencies are also known as digital currencies. This will include support for local banks, as well as popular payment providers in the region like Capitec Pay. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. Click Download and confirm the file download if you see a warning. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. The transaction is instantaneous and at a low transaction cost. Some require a lot more time and effort, but then can give a lot more profit and return on that effort. Receive the latest news and stay informed. Now that I move off and over to BYBIT I am now building my equity again. Best regards,The PrimeXBT Team. In this scenario, a 10% price increase would yield a $500 profit.

Garth Pearce

The WEMIX Foundation has unveiled ‘una Wallet,’ a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. 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. Entire infrastructure is designed to facilitate high number of orders per second and extreme loads, while offering ultra fast order execution and low latency. In terms of making money off of this, receiving cryptocurrency allows you to access a number of other methods explained above. However, it’s important to note that financing fees change in response to market conditions and may increase during periods of higher market volatility. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. Learning is key at PrimeXBT. PrimeXBT Trading Services, S. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Transfers between hot and cold wallets use multi signatures, which reduces the risk of a single point of failure. Be sure to manage your balance and bonuses wisely. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. The covesting feature is a game changer. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. 2 To place an order, open the Trade interface. In this case, if your TP/Limit buy order was NOT executed, this means that the ASK price of the asset has NOT reached the price specified in your order. They were not even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another primexbt com red flag. The services of BingX are not available to Canadian citizens, who are directed towards other beginner friendly exchanges such as Uphold. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills.

1M+ clients

Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. While leverage can be a great tool, it needs to be respected. The price of Bitcoin and other cryptocurrencies can be affected by the sentiment across the cryptocurrency market. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. They include information such as how to place trades, set up stop losses and protection orders, funding your account and safely using leverage. Bybit stands out for its robust offering of derivatives and futures trading, with users able to trade high leverage products, such as perpetual contracts. Unlimited for verified users. The report also highlights promising newcomers and consistently successful traders, underlining the dynamic and competitive nature of the Crypto trading market. Anyone can view, post, and comment to this community. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. The platform is available in 16 languages and supported on most popular browsers. Unlimited for verified users. 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. These include, among other things, the trend line, a trend channel, bollinger bands or Fibonacci Rays. Companies can ask for reviews via automatic invitations. Learn more about Bitso. Other essential features include. Only for verified users. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Yes, you can find PrimeXBT coupons on Reddit. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Let us take the same example but use it in the process of hedging. Regular security audits and compliance checks are conducted to maintain these high standards. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Start trading smarter today.

Trading Fees

My deposit was credited after 20 network confirmations, which took a few minutes. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. If you do not see this then it means that you could be on a phishing site and should leave immediately. 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. Copy trading can be profitable, assuming you copy the correct trader. Additionally, users can deposit and withdraw US dollars. These are supported on both iOS and Android devices. The web’s most detailed PrimeXBT review: This ASIC regulated crypto trading platform is attracting a lot of traders thanks to its lightning fast trading interface, low fees, the combination of high end trading technology, and high security. Borrowing funds to trade on margin incurs costs in the form of interest rates. The core appeal of margin trading lies in its ability to significantly increase your potential gains. The main disadvantages of a certain crypto exchange. To activate a bonus, log in to your PrimeXBT account, navigate to the “Promo Codes” or “Bonuses” section, and enter the promo code. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. ” Price reduction of up to 55% when you buy. We’re thrilled to hear you’re enjoying trading ETH and taking advantage of our low fees. This makes the fees and commissions on cryto trade less. Over the last few years,. When trading Contracts for Difference CFDs, positions can be opened for a fraction of their value because of leverage. The platform is aimed both at traders who seek to make money on short term fluctuations in rates, and at ordinary buyers and sellers of cryptocurrency, for whom it is important to make transactions at favorable prices with low commissions. The registration procedure is quite simple, it takes just a few minutes. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. You can provide liquidity to pools and earn LP tokens in return. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. If you are looking for ways to profit without investing and trading, make sure to check out our 4 level Affiliate program.

Step 3: Withdrawal and Review

The best PrimeXBT coupon code available is WETHRIFT25, which gives customers 25% off at PrimeXBT. An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page. Crystal analytics tools ensure PrimeXBT’s AML procedures comply with global regulations and improve safety and security for PrimeXBT clients. We may receive a commission for purchases made through these links. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Add funds to your account by selecting your preferred payment method. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. 54 if Ripple wins and $0. We assume no liability for the completeness or accuracy of the information. Understanding the fee structure on PrimeXBT is crucial for managing your trading costs and maximizing your profits. This step is crucial for refining the strategy and ensuring it performs well under different market conditions. It stands out among competitors like OKX and BingX. PrimeXBT trading fees are between 0. 24/7 live customer service is also important to look for, in case of the rare event an issue arises. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels.

Disclaimer

As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. Best regards,The PrimeXBT Team. We may include partnership links, but they don’t affect our ratings or recommendations. Both platforms, based on the snippets provided, do not readily advertise certifications or licenses. Next, users will be prompted to set a passcode and will be asked if they would like to set up biometric account authentication for added account protection. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. The PrimeXBT app for Android devices offers a seamless trading experience tailored specifically for users on the go. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 💶 Major pairs: The most traded pairs like EUR/USD, GBP/USD, and USD/JPY, involving the USD and known for high liquidity. The ask is always higher than the bid. This program not only helps you earn more but also allows you to contribute to the growth of the PrimeXBT community. 2 of PrimeXBT’s Terms and Conditions. Most users consider Pocket Option is an excellent StormGain alternative. You also have the option to insert a referral code if you were given one more on this later. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. As a crypto trader, I must say prime XBT is a great platform due to its multifunction. These benefits make PrimeXBT a strong contender in the cryptocurrency trading space. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. The main differences lie in their target audiences and product offerings. You can also get a 50% capital trading bonus on your first Bitcoin deposit by using the promo code: Bein50. Based trading solutions allow for reaction times not possible by human beings, it removes the potential for emotional trading and human error. Technically, the service is made as simple as possible, even a beginner will have no difficulties. These features can be enabled in your account Settings. Copy trading is a fairly new addition to the Bybit platform and it saw a warm welcome from many of the users on the platform, quickly becoming a widely utilized and popular copy trading platform. This includes extra reports, trading bots and exclusive chat access. The entity falls outside the EU regulatory framework i. PrimeXBT was founded in 2018 with the goal of providing traders with easy and immediate access to a wide range of global markets from a single platform as well as all the education and tools they need to succeed, regardless of their financial experience.

Gemini Review

Users can choose a Master who matches their own investment preferences such as technique day trading and asset type forex, options, stocks, cryptos. There are offsets for long and short positions, and there is market depth. No, PrimeXBT does not currently offer any services to residents of the United States. The next step in trading Bitcoin is to have a well defined, written trading plan. There are a lot of advanced tools for effective trading and the interface with TradingView is really beautiful. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Compensation Fund per user. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. The bulk of its instruments offering is comprised of highly volatile assets such as cryptocurrencies, which are primarily used for short term price speculation. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. The values listed below are for one full base currency contract 100,000 units. PrimeXBT’s flagship trading station features advanced charting capabilities powered by the seamless TradingView, which helps day traders assess the prevailing market sentiment easily. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. Its intuitiveness and simplicity provided a pleasant trading experience. We have watched Bybit go from a small insignificant exchange to one of the largest, most trusted and reputal exchanges in the space, one that we are fans of nowadays. Seek independent advice if you have questions or do not fully understand the risks. This way you can purchase Bitcoin with your credit card or wire and then deposit it directly into your PrimeXBT account. I opened this long position with a tight stop loss. This connects them to a live chat with the support team, where they can get assistance with any issues or questions they might have​​. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Notable FinCom members include Pepperstone, Exness, RoboMarkets, Alpari, and IC Markets. Whenever I’ve had questions, they’ve provided clear and helpful guidance every time. Clicking on this will take you to the main ratings board, ranking other accounts. The platform complies with industry standards and regulations, providing users with peace of mind when trading on the app. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. They seemingly receive salary not for no reason, lol, sometimes, there are platform where support guys receive money for nothing. 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. If you believe in the future of crypto, then holding Ethereum makes quite a bit of sense.

Web3 Starter

Here’s how it works. This trading instrument has become very popular and similar products are now offered on many of the major exchanges. If the app is unavailable in your region, you can still access it through direct download from our site. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Next, we will discuss the importance of continuous learning and how to improve your trading skills over time. We offer fast and secure Crypto withdrawals. The $900 mil TVL makes total sense to me now. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. Margin might be a great tool if you have a profitable trading system. Date of experience: July 10, 2024. The PrimeXBT iOS app keeps your data and funds secure with Face ID and Touch ID, along with two factor authentication 2FA. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. PrimeXBT is a leading cryptocurrency and multi asset trading platform that offers users access to a wide range of markets, including cryptocurrencies, forex, commodities, and indices. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. This list also reveals Crypto Rand’s dedication to offering both tools to trade successfully, but also the education needed to create effective trading strategies. By purchasing DOT, you become a token holder and can benefit from the potential price appreciation of Polkadot as adoption and demand increase. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. When Bitcoin’s price surged to news all time highs in 2024, many meme coin’s prices moved with it. You cannot get it just by registering and making a deposit. 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.

Worse

We continue to refine our platform to enhance your trading experience. 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. English, French, German, Italian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese. The disadvantage is that this can also limit your positions’ profit potential. Best regards,The PrimeXBT Team. Precious metals can be traded from 22:00 to 21:00. 70 by the end of 2030. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders. PrimeXBT has never suffered a hack or security breach during its operational history. Coinbase’s high fees and customer service issues warrant a closer look as this is typically what investors and traders complain about.