PrimeXBT Copy Trading Reviews

217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. I have proof as i did some testing. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Users can also customize the indicators in terms of the time frame and other important inputs. 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. Additionally, you need to check the regional restrictions if you decide to use this platform based the professional knowledge and experience. The platform is ideal for those seeking high leverage, offering up to 200x leverage on Bitcoin BTC and Ethereum ETH CFDs, but its standout feature is its copy trading module that allows traders to replicate the trading strategies of more experienced users. 05% for most trades and providing special rates for crypto futures. Learn more about Baksta’s Legal Terms.

Tron Bull: A Deep Dive into the Meme Coin Turning Heads in 2024

Every time you open a position, the platform charges a 1% buy fee and when you close the position 1% sell fee is charged. In 2025, there are some who are now calling for $2, while at the same time there are people suggesting that $5 is more likely. Share it online or with friends. I have never encountered any problem so far, no mistakes, no hiccups, no missed or lost transactions, no errors. There is Bitcoin trading with leverage up to 1:1000. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. This is typical of altcoins, they tend to trail the big three Cryptos. Although they have the same commission for your direct referral, BitMEX does not offer tiered referral payouts. Best Wallet’s exchange doesn’t require an account – so there’s no need to provide any KYC details. This includes everything from its Coinbase Custody service to Prime services. To understand Shiba Inu we must first look at its creator, Ryoshi. 2024 09 10 00:48:13 UTC UTC. Our 24/7 support team here to help. If the market is on an uptrend, resistance levels will be formed, slowing the price action. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. In 2020, a defendant who ran a dark web. If you want to reduce the risk, you can simply open a smaller position. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. Experienced traders can also profit by allowing others to copy their trades.

PrimeXBT Pros and Cons

These are PrimeXBT FX the account administration section, the information section and the actual trading platform itself. This system, popular on platforms like eToro and Avatrade, benefits both inexperienced traders, who can learn from experts, and experienced traders, who can earn additional revenue. They have developed their own trading technology, making the platform robust with plenty of key features. Comments:Prime XBT really makes my life in cryptocurrency really easy and secure. To engage in leveraged trading options, traders must fund their margin trading accounts in specific currencies like BTC, ETH, USDT, and USDC and maintain enough free margin to cover potential negative price fluctuations. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Information regarding past performance is not a reliable indicator of future performance. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free.

What is the processing time for withdrawals on PrimeXBT?

At the moment, an API interface is not available. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. One of the standout features of PrimeXBT is its security and trustworthiness. 🌟 At PrimeXBT, crypto enthusiasts can snap up their favorite digital assets using MasterCard, Visa, and other convenient payment options. They are located in the Seychelles and at the time of writing, our experts were unable to find details related to their regulations. Altcoins are all the other cryptocurrencies in the market apart from Bitcoin. 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. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. In this way we make sure that the reader’s decision is measured and based on real facts. Factually renouncing his favour towards Dogecoin as a serious long shot investment, despite showing support previously. PrimeXBT is no exception.

What is Bybit

Here’s a list of important dates and events that helped solidify Dogecoin as one of the largest decentralized blockchain networks. Every live trade is inevitably impacted by a variety of market forces that ultimately determine its outcome. Is this just a marketing spiel, or does it genuinely deliver. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. For example, say you have $1000 in your account, and access to leverage of 10:1. BTC deposits require 3 block confirmations, which usually takes around 40 minutes on average. Mastery in Forex trading enables traders to focus on macroeconomic factors, allowing them to sidestep many of the microeconomic issues related to trading stocks or options. PrimeXBT is a perfect match for copy traders. Bybit has a great selection of over 400 crypto assets and almost 600 trading markets, which is quite impressive, it is no wonder that Bybit has become an oasis for crypto trading. Even though prices are often influenced by fundamentals, technical levels are important too. The trade fees are very straightforward. ¡Fue una experiencia extraordinaria. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. There are 40+ crypto pairs on PrimeXBT, ranging from large cap cryptos like BTC/USD and ETH/USD, to smaller coins, like FIL/USD and ALGO/USD. These products are not suitable for all investors. Its status as an Approved Broker Member of FinCom took effect on April 23. 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.

Withdrawing Crypto step by step

To reset PrimeXBT back to default settings, go to the platform’s settings menu, locate the option for “Reset to Default” and confirm the reset action. The good news is that it is quite easy to avoid a margin call, with just a bit of caution and common sense. Overall, a well informed and diversified approach, coupled with active participation in the governance process, forms a robust strategy for mitigating risks when staking on the Polkadot network. The app includes features like PIN, face, or fingerprint biometric authentication for secure log ins. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. For instance, funding fees for BTC on Binance and Bybit were both 0. What are the pros / cons. A trend trader wants to buy weakness during uptrends, and strength during downtrends. Lets see how it goes. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. All crypto assets can be bought and sold for US dollars. It also offers a decentralized app, plus a Chrome extension. 05%, while there is zero commission for forex, indices, or commodities. Arbitrage trading can be a complex strategy. With a margin account, the same $10,000 could be lost entirely with one improperly managed position. The fiat to crypto service, meanwhile, is supported via Blockchain. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Before making financial investment decisions, do consult your financial advisor. Go to the Covesting Module from the dashboard. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Create your free account or sign in to continue your search. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. PrimeXBT typically requires personal information and expects documentation for identity verification. Avoid this exchange altogether. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Winner of Best Crypto Analysis Platform Award 2023 and 2024 and. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. I’ve had good experience with this brokerage so far. The fiat withdrawal process was straightforward but took a long time.

Bot, Social and Copy Traders: Perfect Match

In the Cryptocurrency Service category. Additionally, withdrawals to a bank card come with a hefty 5% fee. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. Contrary to many exchanges, PrimeXBT does not charge a deposit fee only the minimum Bitcoin network fee that is paid when an individual withdraws Bitcoin from an exchange, which is calculated by the blockchain load. 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. Furthermore, ATR is calculated on each candlestick, meaning it works on any timeframe. PrimeXBT has most of the standard order types as well as some protection orders. Beyond trading, MEXC Launchpad allows you to discover and invest in newly launched crypto projects. While PrimeXBT aims to provide an inclusive and accessible trading environment, legal and regulatory considerations may limit services in specific regions. Its foray into Web3 is commendable while the basic trading products are sufficient to satisfy the needs of most crypto traders. Ich treffe fundiertere Handelsentscheidungen durch eine gründliche Marktanalyse. And finally, the 5 supported commodities. Does have certain content guidelines in place to ensure that dislikes remain within legal and ethical such explicit may be removed by the platform’s administrators. Op 26 november tweette het dat er twee miljoen native tokens/activa op de Cardano blockchain staan het dubbele van de cijfers in oktober. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. 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 also need to create an account with the exchange you want to use. This table provides a clear comparison of the features offered by PrimeXBT and BitMEX, helping traders make an informed decision based on their specific trading needs and preferences. Sign up take less than 40 seconds.

Bot, Social and Copy Traders: Perfect Match

Upon my test, both the trading platforms, i. These products are not suitable for all investors. Enhanced verification can increase these limits. Staking is one thing to see liquidity imo. Notably, there are no trust scores from CoinMarketCap and CoinGecko. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. The funding rates are calculated using the following formula: Funding Rate % x Asset Price x Amount position size. Embedded order book is useful too. By design, the supply of the Bitcoin digital currency is capped at 21 million. Disclosure: To ensure our site’s review data always stays free and running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools. It also gives them the ability to reach out to customer support right there in Telegram. Unfortunately, the problem won’t just go away by ignoring it, and it’s only getting bigger in the meantime. Changelly also offers a 1:1 swap on any supported stablecoin. As long as interest rates remain very weak, it does make quite a bit of Forex PrimeXBT sense that “There is no other alternative” for US investors to make money. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Most people will likely be satisfied with these numbers, regardless. On the next page, you’ll select your country. 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. Based on the results, a follower can follow or unfollow the trader to enable or disable the copy trading feature. Therefore, news about blockchain adoption should be something to look out for. PrimeXBT supports direct crypto deposits with varying processing times: Bitcoin network transactions average 40 minutes, ETH and ERC 20 tokens about 4 minutes, and BEP 20 BSC blockchain and TRC 20 TRON blockchain tokens approximately 1 minute. Today, the asset is maturing and finding new use cases, such as a safe haven asset and a contactless payment technology.

PrimeXBT:

It is worth noting that Perfect Money charges the 1. Thank you for choosing PrimeXBT. The NASDAQ, a frequently repeated name when it comes to investing, is something that is often misunderstood. At PrimeXBT, we offer negative account protection, meaning that we constantly monitor any positions that threaten both parties involved in the loan to keep disaster at bay. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. We appreciate your feedback on adding more features for analysis. Io, in my opinion, is the leader in crypto copy trading. For fees, Bybit follows the standard Maker/Taker fee model meaning that they charge traders a fee if they take liquidity off their books and give them a rebate if they provide liquidity to the exchange. 2023 saw PrimeXBT roll out new features like an adjustable leverage system, order book implementation, and expanded altcoin assets. The order form also displays recent trades and order book data. 786 Fibonacci retracement level. ” It connects non blockchain Enterprises with some of the biggest blockchain platforms. Learn more about Baksta’s Legal Terms. Yes, I tried copy trading with PrimexBT and the experience was quite positive. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. PrimeXBT does not charge for deposit or wallet creation. Speedy execution and high leverage benefit traders across crypto, forex, and commodities markets. Second, when it comes to trading technology, they do not offer API functionality. At Lucky Block, there are loads of promotions up for grabs. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Overnight financing costs vary by currency pair and are charged for positions held overnight.

Important Notice

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. Investing in cryptocurrencies comes with significant risk. This occurs when you place an order and the price that you get is nowhere near your desired entry point. Positions do not have a time limit and can remain open indefinitely, provided the available margin does not drop to 0%. Forex pairs can be categorized into four different types. However, there is a list of countries that aren’t allowed to trade at PrimeXBT, due to local regulations. Scan this code to download app. If you want to reduce the risk, you can simply open a smaller position. This article provides a comprehensive comparison between PrimeXBT and Bybit, covering aspects such as trading options, fees, security, and user experience. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. Any XLM prediction at this point needs to be accompanied by the outlook for Bitcoin and Ethereum as well. We offer impartial reviews of online brokers that are hand written, edited and fact checked by our research team, which spends thousands of hours each year assessing trading platforms. PrimeXBT presents an interface that’s both customizable and user friendly. Can I change my leverage. Do not stray conversation far from the post you’re commenting in. This is very simple in theory, but a lot more difficult in practice. Choose one of the following products that suits your needs. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities.

Worse

Because of the trader’s methodology, they feel much more comfortable buying AA at $20. Financing transfer for account USDT. I’ve seen live trading videos on bitfinex and other exchanges and they never seem to have that problem. It is also a great way for experienced traders to earn some extra income from other traders. So if you decide to sell and make 100 percent profit on your initial investment, you could be missing out on 200, 300, or even 3,000 percent profit if you held a little longer. PrimeXBT has made a number of account statements available to ensure you can meet your record keeping requirements. These dual challenges impose constraints on Chainlink’s upside potential in 2023, yet a glimmer of optimism emerges from recent developments in the Crypto sphere. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Binance is one of the best crypto leverage trading platforms and also the biggest cryptocurrency exchange by market capitalization. PrimeXBT places a high emphasis on security. 5 for PrimeXBT and 3. One of the first things that futures traders look for in a platform is how leverage works. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. There is a widget in their deposit section that can be used to buy crypto using a credit or debit card, however this adds a charge. You can also customize the interface to suit your preferences. PrimeXBT has traders from over 150 different countries. Following those traders can have a significant impact on your bottom line. Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. 03 and reached the same Cardano value again in 2019 at the deepest low. Leveraged trading allows you to magnify your potential profits when the market goes in your favor. The complex interface is unsuitable for inexperienced traders. Proof of Work Mining: Risks linked with proof of work mining include costly upfront equipment costs, energy consumption and related environmental issues, rivalry from larger mining operations, and a potential long term drop in mining rewards. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. The overall trading interface is straightforward and easy to work with. 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.

Web3 Explorer

Each asset class has its own fee structure, reflecting the different market conditions and risk profiles associated with each type of asset. It mainly accepts cryptocurrency deposits but has a four tier referral program and the Covesting module. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. 99% fee, not PrimeXBT. Centralized exchanges like MEXC, ByBit, and CoinEx will let you buy Bitcoin with no verification, or you could trade another cryptocurrency for Bitcoin on a decentralized exchange or P2P trading platform. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Enormous information available on the internet makes it challenging to locate the right and functional promo code. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Scan this code to download app. And every time I see only positive user reviews about software of this company. Understanding how margin works is crucial. When sentiment turns negative assets will react with bearish price action and fall in market price rapidly. The company’s clients can buy and sell crypto futures with a fixed commission: 0. We value your input and are here to make your trading journey better. The company is registered in Seychelles and serves clients in over 150 countries. Warning ⚡️: Trading leveraged futures products is incredibly risky. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. This is one of the main reasons I joined PrimeXBT in the first place, alongside their excellent trading terms. Best regards,The PrimeXBT Team. A break beyond this resistance in the Chainlink price prediction could pave the way to the $20. Around 2 weeks prior to Labor Day, PrimeXBT initiates its Labor Day sales on primexbt.