PrimeXBT tutorial 3: How to place an order

I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Security is always the no. The site lists 14 countries on its “prohibited jurisdictions” including Canada, U. Select the strategy you like and start copying. The registration procedure is quite simple, it takes just a few minutes. Trade the Futures market with perpetual contracts on popular Cryptocurrencies like Bitcoin and Ether, with flexible funding rates and low Maker/Taker fees. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. These features include margin trading, leverage, and various order types that can enhance your trading strategy. PrimeXBT does not unduh dan pasang PrimeXBT support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT conducts regular security audits to identify and address potential vulnerabilities. Open the downloaded file and tap Install to complete the installation. Date of experience: September 8, 2024. ” In the ensuing “New Order” dialog, select “Sell. This site contains affiliate links to products/services. The company argues that, by association, other cryptocurrencies would not be considered securities either, due to their adequate decentralization, according to an article published in June 2022 by Cointelegraph. Social trading usually refers to copy zulutrade forex broker best trading, where members in the community follow traders in an automated trading environment. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. We will delve into these aspects in the subsequent sections. You’ll see a bitcoin wallet address displayed. The platform is also known for its 24/7 customer support, offering reliable assistance whenever needed. Bybit has also done an impressive job expanding its offerings, now contending with the likes of Binance and OKX thanks to their solid reputation, long standing track record, and respect within the crypto community. Returns may be subject to tax.

PrimeXBT Asset Coverage

Unlimited via Perfect Money. PrimeXTB is an international trading platform that allows users to access financial markets. Data whispers, features shout, but it’s the soul of a platform that truly resonates with a trader. It will show up under their respective taps. Users can contact customer support by email at. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. Do not reveal personally identifying informationPII, otherwise known as doxxing yourself. They use leading tech to analyze text quality and to detect plagiarism and generative AI. You should never place a trade without a stop loss order, as it will limit losses.

Understanding PrimeXBT Instant Trading

Seize control of your trades wherever you are – introducing the PrimeXBT app, available for download on both iOS and Android platforms. They have also designed this platform around “widgets”. PrimeXBT customer support desk is excellent and available 24/7 either via live chat or email. Trade Crypto Futures Contracts incl. Not only do they offer some of the best crypto signals, but their most affordable subscription is much cheaper than the competition, just $42 a month as referenced on sourceforge. Additionally, you cannot set stop losses and take profits directly from the order form. Let’s take a closer look at what PrimeXBT offers to help traders get the most out of their trading experience. 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. 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. This is why it’s crucial to understand the heightened risk of liquidation associated with margin trading. Higher leverage on a volatile asset significantly increases the risk of liquidation, even with minor price fluctuations. PrimeXBT does not charge any deposit fees. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all. PrimeXBT Trading Services, S. Exchange one Crypto for another via your PrimeXBT account. In an attempt to appeal to crypto traders of varying experience levels and budgets, PrimeXBT provides up to 1:100 leverage on all available crypto and traditional assets. Swing trading is a short term to medium term trading style.

Onboarding on Coinify

While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. These are professionally done and well presented. PrimeXBT also provides you with several metrics to make your trading experience easier. However, the platform is not currently regulated by any financial authority. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. We’ll put it to the test, with verification successful while waiting for the outcome. Yet while BTC/USD trades at 18 month highs, ADA/USD continues to trade below $1, a level last seen in April 2022, promoting speculation over whether Cardano should have rallied higher on the back of Bitcoin’s rally. Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. For example, the most important thing is that it is a trading system is one that you are comfortable with. And finally, the 5 supported commodities. Luckycoin itself is based on Litecoin, which is based in part on Bitcoin’s code. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. However, on the plus side, we note that you can withdraw funds in both cryptocurrency and fiat currency and in some cases even in cash. We strive to balance accessibility with premium features to enhance the trading experience. Zaporizhzhia and Kherson. Volet deposits are free, while Perfect Money charges a 1. These products are not suitable for all investors. Meanwhile, top traders can further grow their profit margins by earning commissions from the investors following their traders.

Demo Contest, Cash + iPhone 16 Pro – NPBFX

Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. By understanding these aspects, traders can navigate the PrimeXBT platform more effectively and ensure compliance with local regulations. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. With the wider world still recovering from the economic effects of Covid 19, Bitcoin’s future is looking promising. Learn more about Baksta’s Legal Terms. Choose your currencies and amount below, and click ‘Calculate’. Also their customer support is nice. I strongly advise against using Primexbt as a broker.

How to use PrimeXBT from the USA?

XRP potential is enormous, but there are a lot of things to understand. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. When it comes to mutual funds and ETFs, Public has little to offer. Market volatility, trade volume, and system availability may delay account access and trade executions. A withdrawal address can be whitelisted by clicking the ‘Withdraw’ button for the asset you wish to withdraw, in your Dashboard. While KuCoin and Binance remain the kings of crypto trading contests, what is interesting about PrimeXBT is that the trading contests are done with virtual funds in a demo account where traders compete against each other but can win real rewards like USDT cash prizes. Dogecoin remains in the top ten Cryptocurrencies by market capitalisation despite the recent negative price history. PrimeXBT’s Referral Bonus program is a fantastic opportunity for traders to earn additional income. Since PrimeXBT’s inception, services have been restricted to users or residents of a number of countries globally. Key features of PrimeXBT Copy Trading include. Most metrics of the Ethereum network have grown, especially the number of Ethereum wallet addresses. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. Remember, these deals are subject to change and may have certain restrictions. The file is verified secure by PrimeXBT. ZIGDAO takes a novel approach to A. Unlike Bitcoin, Stellar lumens aren’t mined or awarded by the protocol over time. Labeled Verified, they’re about genuine experiences. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Whether lounging by the seaside on a tropical beach vacation, traversing new exotic lands as a digital nomad, or simply walking your dog around the neighborhood, you can react in real time to sudden volatility spikes and efficiently manage existing trades in just a few taps. Handelaren kunnen hun succesvolle strategieën delen op de covesting module van PrimeXBT, waardoor ze de kans krijgen om te verdienen aan de succesvergoedingen die door hun volgers worden gegenereerd. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. Copyright © 2025 Coincub Limited. PrimeXBT offers its traders 3 different types of orders for entering and exiting trades. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Deposits are free, but there are withdrawal fees for cryptocurrencies. If you have multiple bonuses available, only the highest or most relevant bonus will apply. Leverage can be suitable for traders who understand its mechanics and risks and are willing to implement effective risk management strategies.

Risk warning

There are a few areas in which PrimeXBT shines. Their fees are typically less than $2. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Forexlive holds no responsibility for any liability, damages, or losses caused in connection with the use of any content on this page. Bitcoin has a margin requirement of 1% 1:100 leverage. Below are just some of the significant advantages of doing so. 4 million operations per second. The DAO hack revealed to the Ethereum team, and to the public, what major issues required immediate attention to secure the blockchain’s future. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Another part of the cryptocurrency market is its hype. Additionally, the platform’s diverse user base and advanced trading features influence market trends and trading behaviors. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. YOU SHALL CHECK YOUR APPLICABLE LAW AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT ARISEN FROM YOUR RESIDENCE COUNTRY REGULATIONS. Creating an account with PrimeXBT is a quick and straightforward process. The Covesting whitepaper was released in late 2017. The mobile app includes all the features of the web based platform, allowing traders to. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. 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.

Bernd K

This review will delve into the key characteristics, advantages, and disadvantages of PrimeXBT’s copy trading feature, and assess whether it is a beneficial investment tool for all levels of users. 5x leverage means you can control a leveraged position five times larger than your initial investment. Its three star rating over an extensive period of 536 days indicates a solid performance amidst challenging market conditions. To make money on PrimeXBT, engage in strategic trading by analyzing market trends, utilizing available tools, setting risk management strategies, and staying informed about market developments. The fees for withdrawals are as follows. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. 05% for most trades and providing special rates for crypto futures. Today 8 January 2025 DOGE DOGE/USD is trading at $0. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. This pushes privacy conscious users toward no KYC crypto exchanges, which allow trading without personal info. However, PrimeXBT does not offer any alternative platforms. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. PrimeXBT boasts an average order execution speed below 7. I also like their security measures which assure me my account is cyber attack free. The Edge Account offers commission based trading of $7 per round turn and raw spreads from 0 pips while the Classic Account offers commission free trading with spreads from 1 pip. However, the impact of fees and the platform’s dependency on the performance of copied traders are points to weigh carefully. The broker is heavily focused on crypto services, offering an extensive range of cryptocurrencies but a limited selection of other instruments. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. A partial stop loss order tells the broker to exit a particular portion of the trade once a trigger price has been hit. The two opposing positions can also be taken simultaneously, allowing traders to hedge against opposing positions and other advanced trading strategies. Though, where PrimeXBT is pretty cool is that they also offer forex trading, commodities like gold, silver, oil etc. You’ll gain new knowledge on market psychology, analysing trends, backtesting strategies, and more. 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. Unlimited via Perfect Money.

ReverbNation

Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. CFDs on natural gas allow you to take a leveraged position and increase your exposure in natural gas while allocating only a small portion of your account as a margin for the trade. Below are examples of these tools. Three of the most recent ones include the Best Cryptocurrency Broker 2024 award by ADVFN, The Best Value Broker Asia 2024 award by Global Forex Awards, and the Best Cryptocurrency Broker LATAM 2024 award by the Peru Blockchain Conference. If you have multiple bonuses, the most advantageous or relevant one will be applied. Virgin Islands, Northern Mariana Islands. 45 since, as you can see in the chart above. After all, it only acts as collateral for the funds borrowed from your broker. 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. At the moment, an API interface is not available. PrimeXBT Promo Code 35% Deposit Bonus PrimeXBT Welcome Bonus 200$. Here’s why PrimeXBT is a top choice for crypto trading. The promotion is only available for the new client. With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. There are many benefits of shorting ETH on PrimeXBT. At present, the exchange serves clients in over 150 countries, providing sufficient liquidity and a variety of trading instruments. The broker publishes regular market news, weekly outlooks, and general market breakdowns. 🤔 What lies ahead, and where is the market headed. 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. PrimeXBT offers a seamless and secure platform for withdrawing your funds. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. It’s always a good idea to check the terms of service for any platform you consider to ensure you’re operating within legal bounds. Our Currency Converter uses live rates to provide you with the most up to date conversions. Please note that customers from South Africa are not able to make deposits using cryptocurrency.

Web3 Evangelist

PrimeXBT enhances user security through measures such as. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The platform charges a flat trading fee of 0. If this is something that you would like to get involved with then you will need to get your referral code. We’re here to help you make the most of your trading experience. At PrimeXBT, we protect your account by liquidating whatever is necessary before losses overwhelm you. Learn more about Baksta’s Legal Terms. With more than 5 million users, eToro provides regular news updates and makes portfolio management a lot easier. Email Newsletters and Forums. Blockchain economies are platforms that have developed into their own ecosystems that vary greatly in size.

Currency:

It is a bold statement, but price predictions for the asset range as high as $100,000 to $1 million per BTC. 10 on 2 September 2021, ahead of the Alonzo hard fork, which introduced smart contracts to the blockchain. I found PrimeXBT’s trading accounts quite affordable, given that they have no actual deposit requirement $10 is the lowest possible deposit. Enjoy fee free deposits and CFD trades. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. PrimeXBT Contests provide an exciting opportunity for traders to participate in risk free trading competitions using virtual funds. We strive to balance accessibility with premium features to enhance the trading experience. Understanding these key drivers can provide valuable insights into potential price movements. After registration has been completed, PrimeXBT requires a minimum deposit of 0. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Date of experience: October 22, 2024. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. 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. This Bybit review takes all of this into account. However, we have yet to witness the impressive gains we’ve seen in previous years. The app also supports copy trading and includes a live chat feature for direct communication with customer support. Exchange your Crypto for Fiat currency and withdraw it to your bank account. The current positive trend has led to predictions that Bitcoin could now continue its bull run into the end of the year. Risk warningBefore 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. The thing is that prices always differ from one broker to another, because such derivative is a trading instrument provided by the firm, and differently from Futures has no particular exchange. 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. Industry trends, competition, and analyst recommendations further sway investor perceptions. PrimeXBT offers over 100 tradable instruments on its Forex and CFDs account, including currency pairs, commodities, indices, and cryptocurrencies. Best regards,The PrimeXBT Team. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. They simply don’t want to wait for the validation process.