How to Change Leverage on PrimeXBT

As with many cryptocurrencies, scarcity can drive demand and price appreciation. With professional tools including TradingView charts and limit orders like stop loss and take profit, traders can analyse the market, choose the best time to trade, and manage their risk, to protect themselves in the market. Every asset has their own terminology, knowing this lexicon is important when you choose to trade the specific market. That’s exactly what PrimeXBT’s trading app allows for, at no sacrifice to the performance or action that can be taken in comparison to the desktop version. The trading interface is modern, easy to use and navigate. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Additionally, we are unable to verify which percentage of customer deposits are stored in cold storage, and how much is stored in hot wallets. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market.

PrimeXBT Trading Platform

Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Note that you might have to share your personal identification if you intend to use any of the services mentioned above. Last but not least, make sure you look into PrimeXBT’s policy on explicit, religious, and political content. The platform launched its trading services in early 2019. You should never invest any more than you can afford to lose, and you must be willing to deal with massive swings in value. 05% trading fee for Crypto CFDs. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Upload your document make sure you upload both sides of the document where applicable, and that they are clear and fully visible. This makes it appealing for those wanting to increase their trading earnings. CFDs track the price of the underlying asset, in this case, Bitcoin, and traders can profit from the differences in buying and selling prices, just like they would if they had bought a Bitcoin on an exchange. You can utilize leverage, short positions, and conduct technical analysis to optimize your trades, allowing you to tap into Polygon’s price movements on the go. It’s great to know you’re enjoying the variety of trading options like CFDs, crypto, and copy trading. This marks a notable achievement as WEMIX’s inaugural venture into the European market, emphasizing the token’s role in facilitating a range of blockchain based activities, from gaming transactions to decentralized finance DeFi applications. The exchange has licenses, but its activities can not be called officially regulated. Withdrawal Crypto only. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users.

Supported Assets and Trading Pairs

We have developed a unique personal charting package which provides a large array of professional charting tools and instruments, which also allows us to update and improve it in accordance with the needs and wishes of traders. If it’s still not found, verify that the registered email address is correct and contact PrimeXBT support for further assistance. You can track the status of your withdrawal under the ‘Last Withdrawals’ section. Specializing in CFD trading, PrimeXBT enables traders to speculate on asset price movements without owning any of the underlying assets. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. $20,000 or equivalent for unverified users. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This is where you’ll be able to apply the promo code for the bonus. 12 milliseconds on average. Check the broker’s website for other promotional codes and giveaways in 2024. Selecting “Accounts” in the website’s main menu will take you to your assets. With its global reach, it’s available in over 150 countries.

How much money can I make trading Cryptocurrency?

Warn notifications are used when PrimeXBT Main Site is undergoing anon critical issue like minor service issues, performance degradation,non core bugs, capacity issues, or problems affecting a small number ofusers. You will receive an e mail with a confirmation code. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. It also provides a breakdown of individual crypto and US dollar balances. If the app is unavailable in your region, you can still access it through direct download from our site. Another thing to consider while trading is protecting the positions with “take profit” and stop loss” orders. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. No, PrimeXBT is not regulated, which can be a concern for potential investors. Every professional trader has to deal with market risk which can lead to trading losses. For USDT, USDC and COV the withdrawal fees vary depending on the network used. Deposit $300+ and start trading within 48 hours after registering. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. This makes it a versatile choice for traders seeking diverse opportunities. PrimeXBT allows traders to make cryptocurrency deposits through their crypto wallets. Does PrimeXBT have an app. 2024 00343, having its registered office address at PKF Corporate Services Ltd. They don’t trust a third party with their personal info. At this point, the trader may either set a take profit order, in this case, an order residing at a previous support level, as indicated by the chart or can manually market close the order when a suitable profit level is reached. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. PrimeXBT stands as a versatile platform, offering a spectrum of trading possibilities. Trading takes a little more care, maintenance, preparation, and skill than simply investing alone, however, can generate significantly more ROI within a smaller time frame. 2 of PrimeXBT’s Terms and Conditions. NordVPN is our 1 pick. Users have reported that PrimeXBT’s interface is user friendly, with a logical structure that makes navigation straightforward.

PrimeXBT Mobile Trading

Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. Help improve contributions. Leveraged tokens have become a very popular product and are now offered by many of the major exchanges. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. To calculate your profit, you need to multiply the difference between the closing price and the opening price of your position by its size. 2024 00343, having its registered office address at PKF Corporate Services Ltd. It’s great to hear that you recognize the broad range of trading options we offer, including both crypto futures and traditional CFDs with competitive spreads. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. We personally contact support using all available methods and present hypothetical problems that users might face. This bonus is designed to boost your trading capital, but it cannot be withdrawn and is only usable as collateral for trades. Promo codes can be found through PrimeXBT’s official social media channels, newsletters, and partner sites. For example:The minimum order size for Bitcoin is 0. 001 BTC, thus the minimum margin required to open such a trade with x200 leverage would be 0. Users have reported that PrimeXBT’s interface is user friendly, with a logical structure that makes navigation straightforward. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. When sentiment turns negative assets will react with bearish price action and fall in market price rapidly. You control your own contributions. In the next section of this PrimeXBT review, we will look at the key features of the platform.

Buying Crypto

BaseFEX is one of the crypto margin trading brokers that offer high leverage and don’t ask for any ID verification. For those who haven’t completed any KYC, you won’t be able to access earn products and your daily withdrawal limit is 20,000 USDT. Some types of trading also allow for profiting when the market is turning downward, through short positions. The ADA coin value has tended to track the cryptocurrency market, rising in the late 2017 and early 2021 rallies, and losing value during broader sell offs. You can buy Bitcoin in several ways: through a crypto exchange, using a Bitcoin CFD, or by investing in a Crypto ETF. The PrimeXBT referral model has a four tier payout system. Let’s look at each market separately. His expertise enhances the platform’s educational resources, supporting traders and investors with high quality information.

Minimum and Maximum Deposit Limits

Understanding these features is essential for maximizing your trading experience on the platform. Currently trading just above $20,500, it seems. 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. Considering the pertaining risks of negative attention from hackers, PrimeXBT holds most of its coins in cold storage. 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. 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. The platform offers a very limited range of crypto futures markets and conditional orders. We appreciate your feedback on the design aesthetics; we’re always looking to improve and might consider more colorful themes in the future. It is a great diversification hedge. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Opportunities for advancement and career growth. Having said that, the fact that a broker is regulated is not sufficient to guarantee the safety of your money. Choose the Contest you want to compete in and click ‘Join’. The platform provides a suite of drawing tools, including trend lines and Fibonacci retracement, as well as various chart types like candlestick, bar, and line charts. PrimeXBT offers a straightforward account structure with no complex tiers, making it accessible to a wide range of traders. Most of the codes available online are invalid, expired, or spam. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. The crypto market is a high risk environment, so caution is strongly advised, especially when investing larger amounts. If the app is unavailable in your region, you can still access it through direct download from our site. If crypto adoption does not happen in the next few years though, this could cause quite a few problems for not only Litecoin, but crypto in general. Unlike most exchanges today, KYC verification is optional on PrimeXBT. These strategies and tips can help traders make the most of PrimeXBT’s features and tools, enhancing their trading experience and increasing their chances of success. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000.

Leveraged Trading on PrimeXBT

The withdrawal fee on PrimeXBT is 0. PrimeXBT has traders from over 150 different countries. Remember to add the 2FA verification protection before you start. There’s no minimum deposit, and for fiat currencies, deposits start at $10 via AdvCash. Buying and selling copper as a commodity on international platforms like the London Metal Exchange LME or the New York. Dear Enzo,Thank you for your feedback. Detailed margin and leverage values for each crypto pair are specified in myAlpari in the “Crypto Futures” section. Learn what they are, and how you can use the PrimeXBT token yourself. 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. Dear Salomon,We’re delighted to hear that you’re impressed with the responsiveness and helpfulness of our customer support team at PrimeXBT. The ones made after 12:00 will be processed the next day. You can use the bonuses to increase position sizes or as collateral, just like regular cash. No prize will given, I won couple of times but never received any prize. For all withdrawal methods, it’s crucial to double check all entered information and comply with any verification processes to ensure a smooth and secure withdrawal experience. Promo codes must only be used for personal and non commercial purposes. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Dear UlisesThank you for sharing your experience. Risks in the market increase with the inclusion of cryptocurrencies and other speculative assets. Some steps might need third party services.

Company information

The calculation of selling a single standard lot of GBP is the same as trading £100,000 for $135,100 so your total position is worth $270,200 £200,000. Felix got into Bitcoin back in 2014, but his interest quickly expanded to everything blockchain related. This duration accounts for the necessary security checks and processing time. Description: NEO is often referred to as Chinese Ethereum, formerly named Antshares. This can be in the form of blog posts, videos, social media content, or podcasts. The year could end with prices reaching a peak of $155. I don’t use all tools in my daily trading. Strategy managers on PrimeXBT’s Covesting platform provide transparent performance statistics, including. Launched in 2018, PrimeXBT has grown globally as it now offers its services to traders in over 150 countries. >>>Visit the PrimeXBT Account Official Link. We’ve always taken all complaints very seriously and try to work with our clients to come to a fair and satisfactory resolution for everyone. Advcash account email address used to make a deposit will be preselected automatically. Get all the top financial news delivered straight to your inbox. Use the Crypto you buy to purchase goods or services at participating outlets. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Best regards,The PrimeXBT Team. Normally, the rest of the internet recognizes and identifies you based on your personal IP address. Customise our web trading platform to suit your needs, with movable chart windows, custom watchlists, and more all available through easy to use widgets. The company’s website has a table showing swaps for all cryptocurrencies. This section will provide practical tips for optimizing your trading strategy and achieving your trading goals on PrimeXBT. However, its unregulated status and limited asset selection can be potential drawbacks. After purchasing cryptocurrencies, they can then transfer them to their PrimeXBT account. To activate a bonus, log into your PrimeXBT account, go to the “Promo Codes” or “Bonuses” section, and enter the promo code. 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.

Restricted Jurisdictions

As Ethereum continues to be a foundational layer for Web3, the need for scaling solutions like Polygon is expected to grow, increasing the demand for POL ex MATIC tokens. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. PrimeXBT is a Bitcoin based margin trading platform. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Clients who are interested in using the standard 4 level referral program can visit the Affiliate menu in the PrimeXBT Account section, where they can obtain their referral link and see the performance of their referrals and earnings at a glance. Additionally, the platform provides educational material about the staking concept to help its users understand what it means, how it benefits the network and users, and how to stake different cryptos. This interaction has helped both followers and top traders to earn millions trading on PrimeXBT. The company boasts of having cutting edge technology to prevent attacks. Educational resources are abundant, and you can test the platform with a free demo account, supported by round the clock customer service. Withdrawals are processed once daily, between 12:00 and 14:00 UTC. Trading commissions are charged for every trade that you make on the exchange. Additionally, the platform freezes on you when your in the middle of a trade. Normally, we would expect to get redirected to the Deposit page, but it’s still just a click away.

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PrimeXBT uses strict Know Your Customer KYC checks to make sure every user is who they say they are before trading. Users can open accounts, deposit crypto, and start trading with just an email address. Here’s why PrimeXBT is a top choice for crypto trading. Best regards,The PrimeXBT Team. When people are thinking about futures trading, one factor they need to consider is what the funding fees will be like. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. These fees are usually a small percentage of the trade value and are applied to both buying and selling transactions. Both types of contracts are safe from any harm, but there is risk associated with these types of contracts that are exposed to the underlying asset’s market volatility. Scan this code to download app. Levels to watch: The rebound on the support has formed a channel up similar to another two occasions. Fees which traders should take into consideration are. Bitcoin Cash will more likely than not need the rest of the market to rebound in order to climb as this point. Of course, the exchange also supports cryptocurrency trading with leverage.

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To support their users, they offer 24/7 multilingual support via live chat and email. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page. Long and short positions across global markets give more ways to profit and balance risks. Prime Technology Ltd is PrimeXBT’s Technology Provider. In this scenario, you have lost $0. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. Continuous learning is important for trading on PrimeXBT because the financial markets are constantly evolving. It has over 1 million users. Fees which traders should take into consideration are. PrimeXBT is an acceptable choice for day traders. Most platforms offer tools to track real time market news and analytics, helping you make informed trading decisions. Unlike other Crypto derivatives exchanges offering max leverage between 10:1 to 100:1, PrimeXBT allows you to customise leverage based on the specific Cryptocurrency asset. PrimeXBT is a sophisticated online trading platform that offers a range of financial instruments across multiple asset classes such as cryptocurrencies, forex foreign exchange, commodities, and stock indices. However, the stock may rise in price. With this convenient live chart, you can view the current ADA/USD price, analyze the price dynamics, trace historical ADA to USD exchange rates, build your trading strategy, and trade Cardano with leverage on PrimeXBT. The absence of withdrawal fees also maximizes your returns on successful trades. 02% for takers when you remove liquidity and 0. For level 3 referrals, you earn 10% commission. Doing so dramatically mitigates the risks of a single point of failure. There are no problems, no failures, etc. Learn more about Baksta’s Legal Terms. Furthermore, the time required for processing will differ from one bank to another. Ever feel lost trying to figure out the ups and downs of the market. The prices of commodities BRENT, CRUDE, and NAT. Trust us, we do our best to make our work always fast and efficient for you. They are registered in Seychelles and have offices in St. Our website uses cookies. PrimeXBT provides customer support through email and live chat, ensuring that users can get help with any issues or questions. Reply from PrimeXBT Copy Trading.

Toobit Review : Trading, Crypto, Support and Safety

Each strategy requires a solid understanding of market dynamics and robust risk management to be successful. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The platform offers a multitude of advanced features, competitive fees, and robust security measures. It is well known that battling market volatility in an attempt to reduce its impact on your portfolio, by catching the best Ethereum prices, can be a tiresome task. Traders give the platform’s dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT’s attention to aesthetic detail. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Leverage can be a very powerful tool in the hands of a professional trader, and conversely, can cause significant losses. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Traders use market order when they want to enter the position immediately, and do not care about the exact price of entry. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. You can find the order form right on the trading interface. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2 factor authentication for an extra layer of protection. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. It is known for its more than 100 trading instruments. The platform has become popular for traders looking to access high leverage and is available in over 150 countries worldwide. We’re introducing a cryptocurrency exchange service – now you can convert your wallet balance between BTC, ETH, USDT, and USDC with just a few clicks. Cryptocurrency exchange PrimeXBT is a multifunctional platform for trading cryptocurrency. If the app is unavailable in your region, you can still access it through direct download from our site. Closing your position typically happens when a stop loss order gets hit, and the case that your position goes against you, or when your limit order gets hit as your target is reached. Check out these trading options. 02% taker fee — and a variety of tools to enhance your trading experience. The Covesting module and the benefits it brings to both novice and professional traders alike, is an experience and value not found anywhere else in the market. In order for traders to quickly decide whether to open a long or short trade, the site has an interactive chart for each cryptocurrency futures.

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2023 was a strong year for Ethereum, as it started the year around $2500 as the markets once again entered a cool down period that started in 2022. PrimeXBT is an acceptable choice for day traders. The execution of trades happen almost instantaneously, facilitated by electronic platforms and sophisticated order matching systems. An OCO order or One Cancels Other, is a conditional order. Importance of Storing Funds in Personal Wallets. The mobile and web apps let users manage their trades easily and efficiently. 1 Turbo prediction interface – change chart settings and make predictions. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. CFD trading gained notable popularity thanks to its hassle free design and significant potential gains. One remark please add a general bright color scheme because changing colours of everything one by one is a bit uncomfortable. Our 24/7 support team here to help. Currently, PrimeXBT only allows direct crypto transfers. I want to say that here is everything I need for trading and even more. Yes, most bonuses come with an expiration date. 2024 00343, having its registered office address at PKF Corporate Services Ltd. While such high leverage amplifies potential profits, it also heightens risks. 001 BTC to be eligible for this promotional offer. It is a great diversification hedge. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. 1 pips when trading CFDs. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. The deposit processing time depends on the blockchain of the selected cryptocurrency. As far as fees are concerned, PrimeXBT is extremely transparent and guarantees some of the lowest fees out there. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. If you’re looking to diversify your portfolio, choose an exchange that offers a wide range of crypto assets. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. If you are looking for a platform that will give you some advanced order types, and a few basic algos, Live Trader might be overkill. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels.

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We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. Finally, the broker also debuted a new Partnership Program. By analyzing the market before getting involved, you can approach the market with a plan in advance, instead of trading based upon the emotions of the moment. While some people are calling for a lot of price appreciation, the reality is that as this is being written, ADA price is sitting at just below $0. Learn more about Baksta’s Legal Terms. Below are the discounts that you can earn based on the 30 day rolling trading volume. These can be accessed from inside your account by clicking on the “Tutorials” section in the top right of your account. The cryptocurrency market is still new and buzzing. Here we’ll explain the 3 important components of a PrimeXBT futures contracts. The key products offered by PrimeXBT include CFDs and Forex trading, crypto trading, copy trading, and crypto futures.

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Don’t worry they have their ways, and they’re actually very transparent about it. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Another fast paced trading activity is its one click and double click trading features found in its margin trading account. Althoug day traders don’t usually use mobile apps that much for trading, it can still be useful to have a good app in case of emergency. Activity on the Cryptocurrency markets is rising, and the Copy Trading ranks are shifting. 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. PrimeXBT offers a wide range of tradable instruments, allowing traders to diversify their portfolios across multiple asset classes. Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. Leverage is a powerful tool that allows traders to amplify their positions by borrowing funds to increase their exposure to the market. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. Follow their rate and check Orderbook. Additional terms may apply to free offers. Explore and unlock new potentials as you navigate through a wide range of offerings meticulously curated to elevate your trading experience. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. This module was in Early Access phase for a while but now it can be used by all registered users, assuming that’s your cup of tea. It’s highly rated on TrustPilot with a 3. Trade volumes of $700,000+ CFD and Crypto Futures. The broker provides its own proprietary trading platform, designed for speed and efficiency, with advanced charting tools and features. Here’s a simplified example of how leverage translates to Crypto trading.