OKX vs PrimeXBT Review 2025: Crypto Exchanges Compared!

Crypto Futures and CFDs products are complex financial instruments which come with a high risk of PrimeXBT FX losing money rapidly due to leverage. The blockchain essentially acts as a ledger that records all transaction history. The question of who should buy Cardano or invest in it is pretty open. Additionally, withdrawals to a bank card come with a hefty 5% fee. Reddit and its partners use cookies and similar technologies to provide you with a better experience. By being aware of these common mistakes and taking steps to avoid them, traders can enhance their trading experience and make the most of the PrimeXBT No Deposit Bonus. The platform is extremely user friendly and intuitive, even for those who are new to the world of cryptocurrency trading. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Even their support works, like a clock that do available all the time and ready is to help, even in some complicated situations. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Next, you will be required to provide a scan copy of a document confirming your identity. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No.

Promos

The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Next, we will explore the fee structure of Covesting on PrimeXBT. Crypto Deposits: PrimeXBT offers free crypto deposits. Imagine a world where blockchain transactions happen instantly and without breaking the bank. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Perfect Money is an online financial service enabling instant payments and secure money transfers, ideal for PrimeXBT traders to fund their accounts with fiat currency. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. However, our editorial content remains unbiased, reflecting our own opinions or the general information available. In conclusion, remember to follow PrimeXBT’s innovations and adapt to the ever changing landscape of digital assets and markets.

Margin Impact

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. Start small and gradually invest your funds in social trading, and do not risk more than you can afford to lose. We’re glad to hear that you’re taking advantage of the market movements and using the leverage options available on PrimeXBT. 0 and up, Windows PCs with Windows 7 or higher, and Mac computers with macOS 10. You can research their historical performance, check testimonials on independent sites. Type above and press Enter to search. PrimeXBT Trading Services, S. However, they are not necessarily helpful when it comes to protecting your account because if you have a limit order being used as a stop order, the price can jump over your trigger price, perhaps leaving you exposed. This causes a slight delay in funds being available in the account. For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. There are also overnight fees and the following withdrawal fees. With its user friendly interface, advanced trading tools, and seamless integration with the PrimeXBT platform, the app is an essential tool for traders who want the flexibility to trade anytime, anywhere.

Key Features of PrimeXBT

📝 Medium: Stay tuned with PrimeXBT’s Medium for crucial updates. Learn more about Baksta’s Legal Terms. The higher the leverage multiple you select the larger these fees will be, as they are calculated on the size of your leveraged trade, not the size of the margin you’ve provided—seriously eating into your wallet balance for long term trades when using high leverage. Moreover, PrimeXBT does not provide Virtual Private Server VPS hosting, which is necessary to achieve ultra fast order execution speeds. Stop losses and take profit orders help you manage your positions. Precious metals can be traded from 22:00 to 21:00. PrimeXBT offers leverage ratios up to 100x for crypto and even up to 1000x for Forex. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. The main rule is to scale in only into profitable trades and to scale out only out of losing trades. My deposit was credited after 20 network confirmations, which took a few minutes. To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. PrimeXBT supports a variety of deposit methods, allowing you to choose the one that best suits your needs. Replied to 100% of negative reviews.

Executive Chairman

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Conversely, if market conditions take a downturn and the moving averages remain robust, a drop to the support level of $0. $2,000 by bank card. Users can choose a Master who matches their own investment preferences such as technique day trading and asset type forex, options, stocks, cryptos. It’s stories like yours that highlight the dynamic and potentially rewarding nature of trading on PrimeXBT. Today NEP owns and operates fourteen companies in Jamaica, West Africa and the United States. There are many options that a person has when deciding the path to take when trading cryptocurrencies. 05%, and taker fees are 0. The platform also supports indices, such as Nasdaq and SandP500. As a final step, verify your withdrawal with the link in your email inbox. Scan the QR code with your device’s camera and get APK file. These services are governed by the legal terms and conditions of PXBT. Jito Staked SOL JITOSOL. It is worth noting that Perfect Money charges the 1. Send Crypto to anyone, as long as you know their wallet address. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. A well defined trading plan includes all necessary points, that you consider important, for trading the markets. I cannot recommend PrimeXBT as a reliable option for crypto trading. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Processing times vary but are generally in line with industry standards. They employ a long trade strategy with leverage, essentially placing a magnified bet on Bitcoin’s price increase. For a complete list of restricted regions, refer to Section 1. It makes trading very easy. Labeled Verified, they’re about genuine experiences. Vitalik Buterin Refutes Claims of Selling Ether for Profit. Traders begin shorting Bitcoin on PrimeXBT by conducting thorough analysis using PrimeXBT’s toolset. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. The required margin is different for each trade, so make sure your account is appropriately funded.

Ready to put your insights into action?

Next, we will look at overnight financing fees, which apply to positions held open overnight. Margin trading is a strategy involving using borrowed funds, also known as “leverage,” to increase your buying power. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. The exchange does not currently offer fiat off ramps for withdrawals. 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. The Forex market can move based upon a multitude of unforeseen factors, so testing a methodology is going to be crucial. According to a recent report by Finder. Information regarding past performance is not a reliable indicator of future performance. After that, the English section “For Traders” will open, where there is a subsection “Education”. Primexbt in this regard suit me most, thanks for infrastructure. When it comes to cryptocurrency futures and CFD trading, choosing a proper broker is of paramount importance for every trader. Unlimited via Perfect Money. This can increase affiliate marketing traffic and encourage your audience to sign up quickly. Paybis: Bitcoin Wallet, Crypto. You might also like: PRIME XBT Review. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. This is an alarm bell for many, as it means there is no authoritative body to hold the platform accountable or enforce any sort of laws or rules. Providing financial education to those who need it most has always been a passion of mine. This broker’s platform is quite easy to navigate and use but what I like about it the most is the speed at which everything is done. With PrimeXBT I unlock everything in trading. No problem we will arrange this at your request. This commitment to openness allows for a trustworthy and straightforward user experience. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. To make your first trade on PrimeXBT, log in to your account, ensure you have sufficient funds, navigate to the trading section, select the asset, choose your trade type, enter the details, review, and execute the trade. The total supply of DOT is capped at 1 billion, with a portion of tokens allocated for funding the development of the network and its surrounding ecosystem. By using minimal margin, it allows traders to “dip their toe into the water” before “going all in.

PrimeXBT Restricted Countries

PrimeXBT is an acceptable choice for day traders. People will buy the Shiba Inu coin and pay others with it as a digital currency. The Shiba Inu ecosystem is projected to boost SHIB’s demand, driving the price to a range between $0. Opening a Cryptocurrency account takes only a few clicks and usually some personal information such as email address. Regulations can affect various aspects of trading on PrimeXBT, including account verification, transaction limits, and the availability of certain trading instruments. For example, a trader with a low tolerance for patience might prefer a strategy involving scalping, and wouldn’t be able to maintain longer swing positions. Learn more in our Cookie Policy. If somebody gets something wrong, it could cause chaos. Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. Overall, PrimeXBT is suitable for those who want to explore different markets in one place. 43% APY to Elite yield account holders who stake USD Coin USDC for five years. To wrap it up, PrimeXBT is a robust platform with an array of features that cater to both new and seasoned traders.

Casual Trading: Acceptable Choice

Effective risk management techniques include setting stop loss limits, diversifying your portfolio, using hedging strategies, regular monitoring, and employing technical analysis. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. Risk management is important in leverage trading. So, you have complete control over your leverage and risk by controlling position sizes in your portfolio. You possess adequate investment knowledge and experience to bear Futures Trading risks and accept full responsibility for these risks. Chat with our support team on Discord. Traveling the world doesn’t have to break the bank. Reply from PrimeXBT Copy Trading. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Trade 100+ markets like BTCUSD, EURUSD and SP500. Then, select the right network. The funding rate for buying is 0, 01%. The Polkadot blockchain features a multi chain architecture and shared security model offer scalability benefits. This makes it an all in one one stop trading shop for a trader looking to trade just about anything except maybe their own grandmother. Reply from PrimeXBT Copy Trading. Let’s explore both sides of the coin. Copy trading has potential for profit by leveraging experienced traders’ moves, but it’s not without risks. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

2 MEXC

PrimeXBT offers varying leverage levels depending on the asset class, with up to 100x leverage available for cryptocurrencies. The broker also provides platform tutorials on its YouTube channel. When it comes to trading on PrimeXBT, the platform’s real world performance is of paramount importance. You can also sign up using your Apple or Google accounts. Copy trading is a great tool for a lot of users with any level of experience. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. On cent accounts, the fees are generally lower than on standard accounts. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Overnight Financing is incurred any time a position is carried into a new trading day, at 00:00 UTC. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. The blog is updated frequently, offering both novice and seasoned traders useful information. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. In other words, these are dangerous tools that push the notion of high risk; high reward to its maximum. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. For example, Ethereum was worth close to $4800 and then fell to the $1000 region in just eight months.

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Therefore, direct cash or fiat currency deposits are generally not supported. PrimeXBT affiliate program offers an opportunity for publishers to earn commissions by attracting new users to this platform. 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. Unlike most exchanges today, KYC verification is optional on PrimeXBT. However, if you use a VPN, you will be able to use Bybit in the US. The earn feature is powered by DeFi protocol Covesting, which makes it possible for users to stake their assets for attractive APYs. However, one trader has remained consistent, living up to its legendary name and proving its ability to stand the test time. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. 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. In the past, Ethereum has risen and fallen along with Bitcoin, as Bitcoin is still the bellwether when it comes to cryptocurrency. It also gives them the ability to reach out to customer support right there in Telegram. PrimeXBT’s wide range of flexible payment options, combined with its robust security measures, makes it an ideal platform for traders seeking convenience and reliability. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Sometimes, a lack of any significant price action can result in consolidation.

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He is the author of the highest rated Crypto Trading Journal on Amazon. You can see the results on the chart below. We’re here to help and ensure you have the best trading experience possible. Setting Up Perfect Money. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. At PrimeXBT, we pride ourselves on providing dependable and courteous service to resolve any issues our users may encounter. Another difficulty for traders is that the market is not mechanical or robotic either, it too is swayed by sentiment and can be affected by a myriad of different aspects that need to be considered. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

Worse

You can get this for iOS and Android devices, and it offers you an equally convenient way to enjoy margin trading and use all of the technical indicators effectively. To begin with, there is a ban on Russian oil exports, which has caused to decreasing global Crude oil supply. If the app is unavailable in your region, you can still access it through direct download from our site. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. 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. Though smart contracts are Ethereum’s “first born”, it is not the only network that currently develops this technology. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. Attend exclusive PrimeXBT events, network with other clients and learn new skills. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This site contains affiliate links to products/services. After processing, the usual timeframe for ACH withdrawals to reach the user’s bank is 2 4 business days, excluding weekends and holidays.

Worse

PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. Established in 2018, PrimeXBT stands at the forefront of the trading world, proudly serving a diverse global community across more than 150 countries. However, it also increases the risk of losses, so it should be used cautiously. This feature grants immediate access to PrimeXBT’s extensive user base and serves as an entertaining and interactive way to involve community members. Join 1M+ traders who choose PrimeXBT as their go to trading platform. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Opportunities for advancement and career growth. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. FTX bankruptcy Chapter 11 9:14 PM. As we have repeatedly demonstrated, we value the security of our platform and the safety and privacy of all users. However, the absence of custom price alerts was a notable drawback. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. The PrimeXBT referral model has a four tier payout system. So, a bullish move in Bitcoin could positively impact the Cardano price, but this is not the only driver for Cardano. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. You also have to have a target in mind before you put money to work. Specifically, new users can receive a $100 bonus by depositing at least $500 and completing their account verification. Copy Trading Agreement. Scan this code to download app.