PrimeXBT April 2024 Copy Trading Report: hot new trader posts 819% ROI

Your expert: Xavier Tarrasó. Here is a look at the margin requirements for some of the 51 forex pairs available. Pros and cons of market diversity on PrimeXBT. The platform is directly accessible and fully operational for all customers in the region. By choosing the most cost effective withdrawal method, you can retain more of your funds. 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. Questrade Affiliate Program. Telegram Announcements. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. Since PrimeXBT’s inception, services have been restricted to users or residents of a number of countries globally. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Bitcoin is hovering just below 96k as the world’s largest cryptocurrency keeps the 100k key milestone in focus. Whether there are limits on the withdrawal amount is not specified on the site. This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform. Intrigued by the potential of Ethereum to transform a $100 investment. Dear Zombos,Thank you for bringing this issue to our attention. But, it’s important to know it doesn’t work in the US and UK. A stop loss order is an order you place through your platform that tells the broker when you choose to exit a position, ostensibly to protect against losses. 2024 00343, having its registered office address at copy trading on PrimeXBT PKF Corporate Services Ltd. All website traffic is encrypted with secure sockets layer SSL encryptions and account passwords are cryptographically hashed, making them unreadable if the website is infiltrated. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. Traders should invest time and effort in learning and refining their short selling skills to achieve consistent profitability. Though the mining force and development route of its network has already secured its future and the realisation of this forecast, not all experts share this position, and remain somewhat conservative even in long shot predictions. 0005 BTC for Bitcoin withdrawals.

Latest stories

PrimeXBT calculates these fees based on the difference in interest rates between the two currencies in a pair. 2 of PrimeXBT’s Terms and Conditions. BNB Smart Chain network BSC. The token’s price has also been affected by major developments in the Shiba ecosystem, including the launch of Shibaswap on the Shibarium layer 2 and the integration of Shibarium into the Shiba Eternity mobile game. The inactivity costs of PrimeXBT were also considered in our evaluation. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. Bitcoin has risen to a fresh all time high of 97. Financial Services: By enabling secure and open transactions, smart contracts, and decentralized finance DeFi applications, Cardano has the potential to completely transform the financial industry. Elon Musk, the CEO of Tesla, started tweeting about Dogecoin at the start of 2021, which drove the exchange rate. These are fees charged for any positions held into a new trading day past midnight UTC. If for you, as for me, trading is not just a game, then you understand that PrimeXBT fees are really low. Knowledge to use all the available tools. This is better than the other futures exchanges such as BitMEX for example. It is deposit bonus 0.

Trade anywhere, any timeTrade anywhere, any time

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. For example, if you’re executing a trade on the Bitcoin and US dollar pairing, you’ll have to pay a 0. $20,000 or equivalent for unverified users. A smart contract is a software program that is coded on the blockchain. For example, an exchange can list the buy price of Litecoin as $100 and the selling price as $100. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. You can still continue to trade, as long as it doesn`t exceed the amount of the bonus. PrimeXBT offers margin trading of 7 cryptocurrencies, 51 forex pairs, 11 indexes, and 3 energy assets. You can build out your own workspaces that you can access at the top of the platform. There is another source or channel for information – forums and online Crypto communities. They highlight the platform’s strong margin trading options. Both platforms offer robust features, but their interface designs cater to different user needs. PrimeXBT offers up to 100x leverage on crypto and 1,000x leverage on some forex pairs. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Have you tried the latest version of our app. In 2025, we anticipate a significant bullish run for Polkadot DOT. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. A small, 5% move can turn into 5,000% with up to 1000x leverage offered by the platform. 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. 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 the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Stay tuned as we explore these aspects in the upcoming sections.

PrimeXBT Review: Key Features of PrimeXBT

96, with an average price exceeding $4. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. Been with them for three month plus, and their service have been superbly but strict. Each unverified account has a 24 hour withdrawal limit of $20,000 or equivalent. Stop orders are used to manage risk and execute trades at or near a specific price, while limit orders aim to execute trades at a predetermined price or better. Covesting is an innovative copy trading platform that pursuant to a white label licensing agreement, brings together PrimeXBT and Europe based fintech software developer, Covesting, which helps connect traders with followers, enabling them to profit from one another synergistically. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. Refer a friend Bonus Program. Not everyone has an answer for what Bitcoin does and why it moves when it does, but with some research you can start to understand a little more what impacts it. In this context, the likelihood of higher trading volume and increased volatility grows. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. Pro Tip ✔️: Use a block explorer to monitor the confirmations. Here are some strategic benefits that highlight the significance of incorporating stop orders into your trading arsenal. Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. Maybe some of them will be new for you and you can use it in practice. Bitcoin and the wider cryptocurrency market have historically adhered to the “cycle theory,” with a strong connection to Bitcoin’s four year halving cycle. “Trust is earned when actions meet words. That being said, a trading strategy can help you when you are day trading Crypto so your overall session is profitable. I mean, they have DDos Protection, they are backed by AWS, and reportedly have liquidity from 12 different sources. Withdrawal fees are the charges applied when you withdraw funds from your PrimeXBT account. 5k, buyers have not given up and have pushed the price back above 95k. It makes perfect sense to copy the trades of cryptocurrency traders, especially if you don’t have the necessary experience to trade them on your own. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Therefore, Covesting offers also to copy strategies with other assets – 50 currency pairs and 14 CFDs are available in addition to 41 crypto pairs. Despite being a relatively recent addition to the crypto scene, PrimeXBT has grown exponentially in the years since its launch and currently has users all over the world in over 150 countries. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Lead by example and treat others as you would wish yourself to be treated. To get started using PrimeXBT’s tools designed for professionals and novices alike, you must first get registered.

Get the Reddit app

By clicking Sign Up, I agree to WorthEPenny’s Terms of Use and Privacy Policy. Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Ele foi projetado para dar aos traders mais controle sobre suas posições. Explore our detailed guide to find the best no KYC cryptocurrency platforms that let you buy crypto without ID verification. As for customer support, PrimeXBT offers support via website, chat, or email, 24/7. The platform’s commitment to customer service is evident in its dedicated support team, available 24/7 to assist with any issues or queries. This will allow you to earn a commission from referring friends to the platform. ➡️”Since becoming a client of PrimeXBT not long ago, I have been impressed. Scan the QR code with your device’s camera and get APK file. The disadvantage is that this can also limit your positions’ profit potential. During testing, I received fast responses with a reasonable level of detail. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. These include detailed tutorials, informative webinars, and insightful articles covering various trading strategies and market analyses, such as crypto futures, withdrawal processes, forex pairs, digital currencies, and overnight financing fees. In the next section, we will discuss the regulatory landscape influencing PrimeXBT’s operations and the measures the platform takes to comply with these regulations.

Minimum Deposit / Withdrawal Amount:

PrimeXBT started in 2018 in Seychelles and quickly became a key player in cryptocurrency trading. However, it’s still unclear whether the platform merits investment. However, its unregulated status and limited asset selection can be potential drawbacks for other traders. Understanding how to use these orders effectively can enhance your trading strategy. This means your earning potential is enhanced with PrimeXBT. Polkadot is being traded on 104 cryptocurrency exchanges, including Binance and KuCoin. The Triple Top chart pattern used in technical analysis consists of three compulsory elements. However, this accessibility comes with increased volatility, making Dogecoin a potentially risky investment with the possibility of high returns.

How much leverage per each coin can be used on PrimeXBT?

A piece of garbage labeled «art» can sell for millions because people will pay not because its special or has a good financial backing. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. PrimeXBT also allows users to trade with leverage. PrimeXBT lets you deposit and withdraw with crypto and fiat, with fast processing. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. 0005 BTC for BTC withdrawals, 0. Buy your favourite Cryptocurrencies like Bitcoin and Ether in minutes, on a secure, easy to use platform, with 24/7 support from real people. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. You can pretty much do the same if you like the outlook. Best regards,The PrimeXBT Team. Remember that the ETH price is highly volatile and based on new technology. Information regarding past performance is not a reliable indicator of future performance. With a 100:1 leverage, the required margin would be 1% of your position size, i. 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. Dear Sizwe,Thank you for your positive feedback. I had to withdraw $1000 for some emergencies and they paid me just right on time. Strategy Managers Profit and Loss. 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. 32 to send USDT over the BEP20 network. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

What is a swap fee?

Before making financial investment decisions, do consult your financial advisor. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Nevertheless, the fact that there will be less and less new Bitcoin added to the global circulation of the coin means that, if demand suddenly increases over the next few years, the price could skyrocket. Only for verified users. PrimeXBT integrates TradingView charts, which is a nice feature. Understanding the global reach of PrimeXBT is crucial for traders who wish to use the platform. Dogecoin multiplied in value by over 300% in a matter of just 1. You can reach out to me via 📌. Experienced traders can also profit by allowing others to copy their trades. We’ve got you covered with access to 100+ global markets on one platform. In addition, futures have a so called funding rate, which is a fee that a customer pays to keep their open positions every 8 hours. PrimeXBT started in 2018 in Seychelles and quickly became a key player in cryptocurrency trading. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Free $10,000 Practice Account. ADA price has changed by 0. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. It caters for a wide variety of traders with diverse objectives. Overall, we likely know a bit of a dip at the beginning of the year, only to turn around and show signs of strength again. Staking cryptocurrencies is another way to make a passive earning in the ecosystem, but it has the added benefit of also being a ‘Buy and Hold’ strategy. Primexbt crypto platform is 10/10. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Furthermore, speculative interest from investors and traders contributes to XRP’s market value. 0 is not reliable and the lack of feedback is probably more reflective of the exchange’s lack of popularity. It offers lower fees compared to other platforms and allows for seamless trading experience. Please refer the table below. Below are a few more things to consider. If you have any topics or suggestions for future articles, please feel free to share them with us at.

Is the PrimeXBT mobile trading app free to download?

If you don’t feel like you’re ready to trade Bitcoin yet, PrimeXBT features a copy trading module. 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. These products are not suitable for all investors. To make it easier for users who do not yet own Bitcoin to participate, PrimeXBT has integrated Changelly as a third party bitcoin purchasing service. The spreads are very tight, with only 2 USD on BTC/USD and less than 1 USD on ETH/USD. Signup for a new account on PrimeXBT from here using your email ID. Trading View, and its unique place in the market, will be covered separately in a later article. The copy trading module on PrimeXBT is extremely user friendly, filled with a wide range of information about potential individuals and bots to copy from. Across the week, Bitcoin ETFs experienced very modest outflows of $138. Define your goals, risk tolerance, and preferred trading style. 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. If you’re interested in sharing your mistakes, what you learned, how to avoid, etc. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Zengo also lets you make crypto withdrawals into fiat currencies like USD, GBP, and EUR. The covesting feature is a game changer. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These operators autonomously set the minimum link price based on the demand for their off chain resources. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. Unlike its larger competitors, PrimeXBT does not offer P2P trading. We also regret if our support team’s response didn’t address your specific question, as this is not the level of service we strive for.

Restricted Jurisdictions

Past performance is not a reliable indicator of future results. Once you confirm your email, your account will be activated. The main risks of using a non KYC exchange include a lack of regulatory oversight, which could leave you vulnerable to scams, fraud, or exchange failures. No, PrimeXBT does not currently offer any services to residents of the United States. On cent accounts, the fees are generally lower than on standard accounts. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. Traders can amplify their positions with high leverage options of up to 1:1000 for forex and 1:200 for cryptocurrencies, though this comes with increased risk. Technical analysis can be better during bear markets when strong fundamentals can’t outpace negative sentiment. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. In contrast to a long position, if the market moves upward during a short position, it can lead to capital loss. If a user asks for someone to provide a referral link, this does not warrant posting a referral link. Learn more about Baksta’s Legal Terms.

GoyoCruzAponte

This type of options trading is considered a relatively low risk, high reward way to trade. PrimeXBT does not support direct deposits via bank cards. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. The file is verified secure by PrimeXBT. In summary, PrimeXBT combines high leverage, a wide range of assets, and an easy to use interface. Debit/Credit Card Withdrawal Fee. In the next section, we will provide practical tips for optimizing your trading strategy on PrimeXBT using limit and market orders. Dear Carlos,We’re delighted to hear that you appreciate the wide range of assets available on PrimeXBT, including forex, commodities, cryptocurrencies, and indices. COV staking on PrimeXBT offers benefits for users who participate in the Covesting modules: followers of copy trading strategies, strategy managers, and users of the PrimeXBT Yield accounts.

MarceloDias

Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. PrimeXBT’s advanced tools include TradingView integration, a proprietary order book, and advanced charting for informed trading decisions. We’re excited to announce our participation in Affiliate World, a premier event for affiliate marketers and e commerce entrepreneurs. The more proof you have, the better your chances if you need to go to the authorities. Send Crypto to anyone, as long as you know their wallet address. Embark on a collaborative trading journey with PrimeXBT copy trading feature. PrimeXBT Trading Services, S. Free $10,000 Practice Account. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Here’s a clear breakdown of all PrimeXBT fees and commissions. Coinbase is well regulated, compliant, and easy to use, citizens and residents of any country can use it. Silver futures, meanwhile, continued their recent outperformance. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Past Performance and Materials: Past performance is not a reliable indicator of future results.

Worse

PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Similar to many crypto exchanges, PrimeXBT does not assist via telephone. 🔝Best for: Beginners who need to learn about crypto. Last updated 3 months ago. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted. In case the price of Bitcoin drops by 10%, the value of your position will decrease to $450. 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. Click the submit button, and PrimeXBT will review your application. These products are not suitable for all investors. In the registration form that opens, enter your email and a password. Don’t worry, we don’t spam. Your satisfaction and trust are very important to us. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. PrimeXBT does not require KYC Know Your Customer verification for its users. But, the transparency of this process raises questions.

Equal

99% fee, not PrimeXBT. And in case of a strong price movement, the size of the fee will be almost imperceptible in relation to the potential profit from the trade. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. This ensures smooth deposit and withdrawal processes customized to the preferences of traders in the United Kingdom. Once you place a trade using this order type, your trade request gets executed immediately at the best price available in the order book. Dear HapiThank you for sharing your feedback. OKX has clear and consistent fees and uses strong security like 2FA and AES encryption. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Double check all details and click “Submit to Withdraw”. Yes, the PrimeXBT app is free to download and use. These products are not suitable for all investors.