PrimeXBT Review 2025

Reddit and its partners use cookies and similar technologies to provide you with a better experience. Com PrimeXBT spottrading so we can address your specific issues. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Among the plethora of tools and techniques available, trading orders stand out as critical components that can significantly impact a trader’s strategy, risk management, and ultimately, their profits. The time it takes for a deposit to be processed and appear in a PrimeXBT account largely depends on the blockchain network used for the deposit. We have always used the latest technology to improve the services we provide to our clients. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. These critical tools include fundamental analysis, technical analysis, and perhaps the most important factor of all, proper trading risk management strategies. Its impressive early performance is further supported by $1,738. This includes margin trading which incorporates leveraging.

Processing Times

The award winning trading platform behind PrimeXBT provides you with margin trading account and all the tools you need to succeed in the crypto market. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain. 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 clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. OKX has clear and consistent fees and uses strong security like 2FA and AES encryption. Valour plans to bring its crypto exchange traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. As the markets are open 24 hours, there are times when you won’t be able to watch your trade, so the stop loss will mitigate risk. Therefore, trading it at PrimeXBT makes sense because you can trade coins via CFD markets, meaning you can buy or short them without taking the usual steps. The smallest unit of Bitcoin is called Satoshi which has a worth of 100 millionth of a Bitcoin. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. A prime example of this is the recent, highly publicized ban on crypto mixer Tornado Cash.

Why Trade Crypto on Margin with PrimeXBT?

If you are trading spot markets with CFDs then that means that any transaction you make is done at the current market price. That is because to a brand new crypto user who has never traded before, neither Bybit nor PrimeXBT would seem very user friendly at all. For enhanced security, it offers two step authentication and biometric login options. Mirror trading is done through platforms that provide investors access to a diverse range of traders, allowing them to evaluate and assess their trading strategies and performance. Most of the coins kept at PrimeXBT are stored in cold storage, off line and disconnected from the internet, avoiding any risk of hackers penetrating the network. I found the KYC process to be straightforward, with my account being verified instantly. If you don’t feel like you’re ready to trade Bitcoin yet, PrimeXBT features a copy trading module. Low Minimum Deposit: With a starting deposit from $1, PrimeXBT is accessible to traders of all budget sizes. Depositing funds using cryptocurrencies on PrimeXBT is a popular choice due to its speed and low fees. Finding a decent short squeeze opportunity takes a certain amount of work that some traders won’t have the ability to do. The first step in your trading career is to open up your first trade. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. 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. What Makes EUR/USD the Most Traded Currency Pair. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. In this article, we will look over the top five cryptocurrencies that offer good trading opportunities and stability in a nascent space. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. Meanwhile, you as the copy trader simply relax and automatically replicate every trading move they make directly in your account with just a few clicks. No disadvantages, all is good, working fine. Crypto: BTC, ETH, DOGE, BNB, ADA, MATIC, AVAX, FIL, LINK, XLM, XRP, SOL, LTC, ATOM, MANA, TRX, UNI, EGLD, KLAY, NEAR, AXS, FTM, ICP, ALGO, EOS, THETA, SAND, VET, XMR, XTZ. The exchange does not currently offer fiat off ramps for withdrawals. The reason is that Bybit supports over 300 crypto assets and crypto derivatives, compared to the approximate 40 found on PrimeXBT. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. 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. For instance, a leverage of 100:1 means that you can trade $100,000 worth of currency with just $1,000 in your account. PrimeXBT charges competitive fees with a maker fee at 0.

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It is not an offer to buy or sell any security, product, service or investment. This margin type provides a more comprehensive approach to risk management, as any potential losses are spread across all positions. The software is really amazing because it lets me monitor the exchanges made. Meanwhile, margin accounts typically rely on contracts for assets, so traders can long during an uptrend or short during a downtrend, and profit whichever way the trend turns. By carefully managing their risk and capitalising on a well timed market move, the trader manages the power of leverage to achieve a profitable outcome. By understanding how these markets work, you increase the likelihood of being successful. If you have any further feedback or need assistance, please don’t hesitate to reach out at. Receive the latest news and stay informed. Created by Bitmain in 2016, BTC. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. PrimeXBT’s Copy Trading product is powered by Covesting, whom they previously worked together in providing the Earn product that looks to have been discontinued. Don’t worry, we don’t spam. It allows users to trade various ERC 20 tokens on a decentralized platform using smart contracts instead of a centralized exchange. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Each pair consists of a base currency and a quote currency, with the base currency being the first in the pair and the quote currency being the second. This site contains affiliate links to products/services. If you have any feedbacks or need assistance, feel free to contact us via live chat or email at. To start investing with PrimeXBT, create an account, deposit funds, and then select the markets you wish to trade. With Copy Trading for beginners and advanced margin trading tools for the experts, there’s something for everyone. Once your account is verified, you can proceed to the next step, which is setting up two factor authentication for enhanced security. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network.

5 Best Crypto Presales to Invest in Today

In the next section of this PrimeXBT review, we will look at the key features of the platform. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Notably, there are no trust scores from CoinMarketCap and CoinGecko. A consolidation phase is when the price trades within a range. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. I have been heard about PrimeXBT and upon sigining up I was welcomed with a chance to win $500. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. It takes just a few minutes to get started. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT Trading Services, S. It provides access to CFD and Forex trading, as well as cryptocurrency trading. Maker fees are charged to traders who provide liquidity to the market by placing limit orders, while taker fees are charged to those who take liquidity from the market by placing market orders. Polkadot governance is done through the proof of stake protocol, allowing the majority of the state to control the network. For example, if a trader has $1,000 and uses a 10x leverage, they can enter a trade worth $10,000. We found that there is enough information available for any customer to get their online trading career underway. Their fees are typically less than $2. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania.

US Dollar Forecast: Awaits ADP Data to Confirm Direction, Treasury Yields and GBP/USD Outlook

Under the «My COV» tab, you can use Covesting tokens to access different membership plans on the platform. However, a substantial portion of ADA’s supply was already unlocked at launch. We will start this PrimeXBT review with some words about the platform in general. A: Withdrawal times vary by method. This is called margin trading and can help you maximize your potential profits, but remember that it comes with increased risks as well. Any type oftrader can maintain exposure without excessive fees eating into returns,capitalising on market trends and opportunities more effectively. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. In addition, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. This website is owned by PrimeXBT PTY LTD. With traditional trading, you’d purchase what your budget allows. The amount of ETH held on exchanges has fallen, suggesting many are willing to hold onto Ethereum. PrimeXBT leverages Cloudflare’s technology to protect against DDoS attacks and the security team routinely runs tests and updates to ensure the security of the platform. Other ways to get in touch with the PrimeXBT team. The automated systems scan the internet for new coupons, which are then verified by the team for their validity. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Following the multiple traders focused on different asset classes naturally diversifies one’s exposure. PrimeXBT regulation and security components. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. Its almost 2 months of this wiggling around in the 65 71 range. Volet deposits are free, while Perfect Money charges a 1. You can participate in token sales on. Benefits include up to 100% discounts on membership fees and up to 30% off trading fees. Additional features offered are in house technical analysis, market research, education, and platform announcements. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. It supports over 100 cryptocurrencies with 172 spot trading pairs and 289 perpetual contract pairs, making it a versatile choice for traders.

Restricted Jurisdictions

While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. Manage your trades easily using the PrimeXBT mobile app directly from your Android device. We’re glad to hear that you appreciate our efforts to continually expand the range of assets available on PrimeXBT, like the recent addition of Polygon. By focusing on high probability setups and avoiding overtrading, traders can reduce the cumulative trading fees. Bitcoin is still a new asset. Weekly recap US stocks were mixed during the holiday shortened week, and gains on Friday helped indices finish off the worst. These products are not suitable for all investors. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. Let’s take XRP/BTC for example. PrimeXBT is an acceptable choice for day traders. The support team only speaks English and Russian. Additionally, certain bonuses may have geographical restrictions and time limits, so it’s essential to review the terms and conditions of each offer to ensure eligibility. If a withdrawal is requested before 12:00 UTC, it will be processed on the same day. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. We reserve the right at any time to conduct a verification of a client’s identity or source of funds, known as Customer Due Diligence CDD, to ensure that PrimeXBT services are not abused and the user does not violate AML requirements. 🌐 In the cryptocurrency market, this entails utilizing algorithms to analyze market data, spot trading opportunities, and execute trades at speeds and frequencies beyond human capability. As previously mentioned, Ethereum is the top altcoin in the crypto market currently, and is the layer one blockchain protocol in which most tokens are built on.

Why do you charge swap fees?

To add funds to PrimeXBT, log in to your account, navigate to the «Deposit» section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. In addition to trading, PrimeXBT clients can utilize copytrading auto copying of trades to generate income effortlessly. In 2027, Polygon POL ex MATIC could become a more mature and expansive ecosystem. Even so, Binance has set itself apart by offering an insurance fund for user assets. 18, 2024 GLOBE NEWSWIRE PrimeXBT, a leading multi asset trading platform, is pleased to announce that it has secured a regulatory license from the Financial Sector Conduct Authority FSCA in South Africa. PrimeXBT is not available for users located in the USA, there is no «PrimeXBT USA» option as there is with other platforms like eToro or Binance. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Copyright © 2025 Construction Company. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. 1 pips when trading CFDs. 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. Whatever you use as a system, be it technical, fundamental, or more likely than not, a combination of both, it is crucial that you do what is known as backtesting. At PrimeXBT, we strive to provide the best customer service possible, and it’s rewarding to know that we were able to assist you efficiently. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a «Margin Call». The worst platform to trade at in 2022 was quickly Coinbase, having shut down its Coinbase Pro platform and folded it into its main Coinbase product. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. Additionally, user forums and social media platforms can offer real world insights into potential issues or benefits of specific exchanges. PrimeXBT has a mandatory Bitcoin address whitelisting feature and Cloudflare to mitigate potential distribution denial of service DDoS attacks. PoS is a more energy efficient and ecologically friendly consensus model than the proof of work PoW consensus model employed by Bitcoin. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Finance and Insurance. Best Regards,The PrimeXBT Team. If you have any questions or need assistance with the platform’s features, feel free to reach out to. We have the fee breakdown for a selection of assets in the table below. Bitcoin is an early technology with near limitless potential.

What is a limit order?

Click Download and confirm the file download if you see a warning. These fees are typically a small percentage of the trade value and vary depending on the type of asset being traded. This is active and manned 24/7. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. Updated September 2, 2023. How far each ADA climbs is anyone’s guess. By mirroring vetted professionals, you benefit from their experience without doing the hard work yourself. Returns may be subject to tax.

Binance Black Friday Deal

Just click on ‘Withdraw’ next to your desired Crypto under the ‘Wallets’ section on the Accounts dashboard. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. The Stellar supply was set to grow 1% per year but later this inflation mechanism was removed due to community vote. The broker keeps client funds in segregated accounts and ensures negative balance protection. I have broken down the available analytical tools and chart configurations below. Essentially, the broker lends the trader money so that they can open bigger positions. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. However, there were a few areas of disappointment. Easily schedule regular transactions to reduce the impact of price volatility. Utilising its own Cryptocurrency, Ripple XRP, the network offers near instant cross border transactions. Firstly, you need to register for a new account on PrimeXBT. A bullish outlook may be appealing but technical analysis and technical indicators will have to confirm this hopeful outlook. People that own significant amounts of cryptos, so much that they can actually move the price of an crypto asset. Pearce was Manager of Investment Banking for NCB Capital Markets Limited, the investment banking arm of the NCB Group, where he was responsible for deal origination and structuring with a focus on private equity and real estate transactions. Date of experience: June 23, 2024. Copyright © Logicfactory. When it comes to investing or spot trading alone, the only way to trade is through buying or selling assets on an exchange. PrimeXBT’s restriction on US traders isn’t arbitrary; it’s about legal compliance. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. 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.

Supported cryptocurrencies

They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. ✅Proceed to the «Deposit» area after logging into your PrimeXBT account. 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. Best regards,The PrimeXBT Team. A well defined trading strategy is essential for achieving consistent profitability on PrimeXBT. Dear Marawa,Thank you for sharing your thoughts on trading with PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. شما همچنین می‌توانید برخی از تنظیمات خود را تغییر دهید. Investing and trading aren’t the only ways to make money on PrimeXBT.

Adminicm

The responses were fairly detailed but lacked accuracy in addressing all queries. 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. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. Managing risks does however mean creating a strategy. Not only does it offer crypto trading, but it’s also one of the few exchanges providing a taste test of Web3 applications through its own platform and with its next generation Web3 crypto wallet. This Risk Disclosure Statement the «Statement» outlines the inherent risks of theProducts and Services available on the PrimeXBT Trading Platform. Traders can execute trades without paying transaction fees, which can significantly reduce trading costs, especially for high frequency traders. PrimeXBT’s spreads are generally average to high compared to industry benchmarks, but it offers one of the lowest Bitcoin spreads in the industry with a 0. It takes just a few minutes to get started. Open the downloaded file and tap Install to complete the installation. This would be a partial stop loss order, as you still have some of your original position in play. Before you settle on the best strategy that works for you, ensure that you understand the market trends and consider factors such as regulations in the country where you are based. Like my stocks and crypto, I stick to the blue chips like Binance and Kraken. 05%, which means if you trade $100 worth of Bitcoin, you’d only pay $0. Scan this code to download app. For USDT, USDC and COV the withdrawal fees vary depending on the network used. In addition, the website states that the exchange does not attract customers from the UK and EU, however, does not prevent residents of these regions from registering. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Mobile players enjoy the full Metaspins experience out of the box including. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Consider purchasing DOT tokens or taking part in staking if you want to invest in Polkadot. 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.

Collect Your Rewards

As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. Returns may be subject to tax. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Traders get 104 trading instruments focused on Forex and cryptocurrencies, with introductory diversification across commodities and indices. An OCO order or One Cancels Other, is a conditional order. However, if you are more of a longer term trader, you free up time to walk away from the computer and monitor where the position is heading every few hours, or even every few days. The idea of course is that with these types of announcements, if the consumer feels strong, then they are much more likely to continue spending. 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. While unlikely to appeal to traders solely focused on the crypto market, Kraken could be an excellent option for traders looking for additional assets to trade when the crypto market generally looks unfavorable.

Worse

This method effectively measures the capability of customer support to assist both active traders and casual investors. Yes, PrimeXBT is available for British users, offering a full range of trading tools and services adaptive to meet the needs of the local market. PrimeXBT was launched in 2018. The overall feeling in the Cryptocurrency market, known as sentiment, can greatly affect Polygon’s price. PrimeXBT’s partnership programs offer some of the most competitive financial rewards in the industry. All data and settings are synchronized across different versions of the platform. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Because there is a $1 minimum deposit, traders of all budget sizes can participate. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Our website uses cookies. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. PrimeXBT offers customer support through email, web form, and live chat, available 24/7 to assist traders worldwide. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. They’re chill and professional, but sometimes you gotta wait a bit longer if you wanna talk to an agent instead of a chatbot. Once you locate the app, tap the download button to install it on your device. One click trading: This feature allows traders to open and close positions, and cancel orders, with just one click.