◾️My Stop Loss/Stop Buy order was executed even though the price on the chart never went that high Why?

PrimeXBT employs a straightforward fee structure with competitive trading fees and overnight fees. Ask your question in the comments below. You are making a trade based on future price movements. Bitwise acknowledges the regulatory uncertainties surrounding XRP, particularly in light of the pending SEC appeal regarding the Ripple ruling. Only for verified users. At the peak in 2017, Bitcoin reached a price of $20,000. Blindly following a so called expert, they disregard the importance of running their own research and executing proper technical analysis of the market and the asset they wish to acquire. Reviewers satisfied with PrimeXBT most frequently mention trading platform, crypto futures, and support team. Here’s a detailed overview of PrimeXBT withdrawal fees. Each bonus type has specific terms and conditions that must be adhered to, ensuring fair usage and compliance with trading standards. Falling as low as $1,471 on 16 September, right after The Merge, and subsequently reaching a years low of $1,135 in November, Ethereum’s current price has bounced back, now ranging around $1,600. 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. Risk appetite falling will Risk Management in PrimeXBT also have a lot of negative consequences when it comes to Ethereum, Bitcoin, and crypto in general. Litecoin is often used as a testbed for Bitcoin development, so this is another reason to believe that people will still flock to the ecosystem. As for how fast withdrawals are processed, PrimeXBT processes them only once a day, between 12:00 and 14:00 UTC. Register, then head to the crypto buying dashboard. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Back in August, PrimeXBT launched its Covesting Copy Trading Platform to the public. I chose to review Primexbt for two main reasons.

Introduction

When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. Bybit, headquartered in Dubai, caters to experienced traders around the world, excluding the US, and is renowned for providing impressive leverage of up to 100x. 3150 four month Resistance broke. For example, suppose you want long term exposure to XRP, Litecoin, Bitcoin Cash, Ethereum, Dash, Monero, and Stellar. Frequently, Cryptos with some sort of utility within the Crypto ecosystem will garner more attention and as a result more investors. To fund your PrimeXBT account using the iOS app, navigate to the “Deposit” section of the app, choose your preferred payment method, and follow the instructions to deposit funds into your account. Open the downloaded file and tap Install to complete the installation. This has also opened new opportunities for new platforms to simplify various processes. We’re thrilled that you find our charting tools exceptional, always glad to help with your trading decisions, working hard for you. PrimeXBT’s deposits and withdrawal system is fairly simple.

What unique features does PrimeXBT offer?

That depends on the trader’s strategy and financial goals. Position trading is also known as trend trading. But with the move to OpenEthereumDAO, one wonders if this late announcement was merely a result of the Parity client falling down the company’s list of priorities. Here, copy traders can earn 75% profit share. There’s not much in terms of “classic” education meaning that you won’t find articles about what is Bitcoin, how to trade it or any history lessons. Best regards,The PrimeXBT Team. PrimeXBT stands out in the crypto space for its simplicity and versatility. PrimeXBT offers a comprehensive one stop solution that supports the trading of Crypto, Fiat, Commodities, and global Indices. While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. 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. If you have any questions or need assistance, feel free to reach out to us at. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. Testing strategies risk free on the demo is a great way for newer traders to familiarize themselves with the tools and order types. Professional, Presenter, Motivational Safety Speaker and Safety Program Development. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. For example, if you deposited with Volet, you must also withdraw using Volet. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program.

Risks and Considerations

All you need to get started is a non custodial wallet like Trust Wallet. If you’re an experienced trader, you can set up your own portfolio and trading strategy for others to follow. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Most of DeFi and other altcoins are built on Ethereum, making it in incredible demand as ETH gas fees soar. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Users also have the ability to email support at. Customers can deposit fiat via these methods. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Up to 100x in all cryptocurrency pairs. However, it has also created new opportunities for cybercriminals of all calibers to scam inexperienced traders, launder money, and exploit user data in various ways. Its intuitiveness and simplicity provided a pleasant trading experience. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. But most if not all reputable companies, exchanges and providers dedicate inordinate amounts of funds to develop or purchase sophisticated KYC software. Bitcoin is the only accepted method for both deposits and withdrawals. When the new customers sign up and register with Primexbt the affiliated partner earns a commission, depending on the trading fee of the referral, primexbt platform will pay a commission up to 4 levels. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT’s diverse trading instruments and leverage options make it suitable for traders looking to trade across different markets. Level 2 accounts can withdraw up to BTC 100 in that same period of time. An on chain analysis is done using data collected from blockchains. You can check out the financing rates at the broker’s dedicated fee page for each crypto asset and across the Crypto Futures, Global Markets, and Copy Trading products that they offer. Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. I feel comfortable trading with PrimeXBT, I have no questions about this company. Yes Bitget offers fiat on and offramp services via third party integrations. The file is verified secure by PrimeXBT. At PrimeXBT, we want you to succeed as a trader. 🐦 Twitter: Follow for more notifications and updates.

PrimeXBT Review: Customer Support and Resources

OKX has not had any security breaches since 2017. PrimeXBT is undoubtedly amongst the leading cryptocurrency exchanges, but unlike many of its counterparts, the platform also supports the trading of legacy market products such as stocks, commodities, and forex. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. Go to Settings > Security and enable Install from Unknown Sources if prompted. The screenshot above shows an example of an OCO combination of 2 different orders: Buy Stop order + Sell Limit order. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. 1%, while indices and commodities can reach 1:100. Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. This focus on transparency lets traders make better decisions and improve their trading results. The platform offers a very limited range of crypto futures markets and conditional orders.

Covesting Copy Module

Additionally, more active trading pairs on high volume exchanges typically result in more accurate and competitive pricing, benefiting you with better execution prices. 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. This will help you stay in the game even if you encounter a series of losses. Optional KYC and a demo account for practice are also available. Pro Tip ✔️: Use a block explorer to monitor the confirmations. There are 2 options to fund your account. The deposit processing time depends on the blockchain of the selected cryptocurrency. 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. In addition to each of these assets, certain products have been designed as trading instruments that rely on the price of an underlying asset. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The file is verified secure by PrimeXBT. Traders aim to profit from the changes in these prices by buying low and selling high, or vice versa. 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. Crypto exchanges offer varying leverage ratios when trading Futures.

Does PrimeXBT require KYC?

It is currently trading. 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. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Entering a trade as a short/long you will find that 9 times out of 10 that your perfect execution will be revisited to hunt that stop loss. These products are not suitable for all investors. The lack of automatic transfers is not typical for most crypto exchanges and can cause some inconvenience to users. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. By signing up, I accept TandC and Privacy Policy. To view or add a comment, sign in. The required margin is different for each trade, so make sure your account is appropriately funded. Trade volumes of $30,000,000+ CFD and Crypto Futures. Best regards,The PrimeXBT Team. We’re here to support your trading journey and ensure you have all the resources you need for a successful trading experience. Aside from trading fees, PrimeXBT also imposes an overnight financing charge, commonly known as a swap fee. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This fee applies to both market orders and limit orders. Withdrawal Crypto only. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. If “Holding” is a popular method to make money with cryptocurrency, and mining is a passive method to make money off Bitcoin,then trading is probably the most profitable way to make money.

Restricted Jurisdictions

Price trend can be any direction leading to the chart patternin the bearish pennant flag pattern, price leading to the pattern is upward. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. To start the account verification process, users need to provide personal information and upload identification documents. If you know that you can have three losses in a row and still make an average of 2% a month, it gives you much more in the way of confidence and the ability to stick with what you know works. The SandP 500, also known as the Standard and Poor’s 500, is a large US stock market index tracking some. Futures also use leverage as the CFD market but typically offer less. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. Bitfury’s Crystal software and blockchain analysis tools in action. Select your ‘Order Type’ and the amount you want to trade. Access to PrimeXBT services does not necessarily mean that client activities through the service are legal under local laws, regulations, or directives associated with a client’s country of residence; therefore, it is crucial for every client to consult with legal and tax advisors in their region regarding eligibility to utilize such services. These products are not suitable for all investors. Changpeng Zhao CZ, the founder of Binance and creator of its native token BNB, is scheduled to be released from custody today, bringing an end to his four month sentence. The platform launched its trading services in early 2019. But, buying and holding is a good way to make money selling Bitcoin. PrimeXBT has a growing user base that spans various regions around the world. PrimeXBT actively shares bonus codes and promotional offers through its official social media platforms, including Twitter/X, Instagram, Facebook,Telegram and trading forums. Information regarding past performance is not a reliable indicator of future performance. These services are governed by the legal terms and conditions of PXBT. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 5 million transactions.

5 0

The trading fees are low, at just 0. An update dubbed EIP 1559 should theoretically cause ETH supply to be much scarcer over time. The 8 Best MetaTrader 4 MT4 Forex Brokers – Rated and Reviewed. These apps will allow you to place trades and monitor open positions on the go. 🔗 Dive into PrimeXBT today and unleash your trading potential. To make any investment decision between the two coins, you will need to understand not only Cardano but you need to understand Polkadot and its value proposition. However, we would love to explore the option of including other fiat currencies in the future. Limits often include minimum and maximum transaction sizes, daily withdrawal limits, and exposure limits. 🚀 Website: Dive into PrimeXBT’s core info and updates. We’ve sent it successfully. However, this does not automatically mean the platform is a scam. Plus, with Zengo’s fiat onramp functionality, investing in new cryptocurrencies using traditional fiat currencies, like Euros, Dollars, and Pounds Sterling, couldn’t be easier.

Recent Comments

Finally, PrimeXBT also runs a pretty unique medium blog. The platform must also include a variety of trading tools, charting software, and exposure to several assets under one roof. In the cryptocurrency futures trading section, 31 assets are available: the earliest blockchain assets Bitcoin BTCUSD, Litecoin LTC and Dogecoin DOGEUSD, large cap altcoin giants Solana SOLUSD, Cardano ADAUSD, Chainlink LINKUSD, GameFi tokens The Sandbox SANDUSD and Axie Infinity AXS, and so on. PrimeXBT review holds users’ funds in a secure offline environment, away from any internet connection, therefore substantially mitigating the risks. Some experts foresee Bitcoin becoming a global reserve asset by 2050, competing with traditional reserve currencies like the U. 01% and a taker fee of 0. On the other hand, if you use the CFD as we offer here at PrimeXBT, you get to set how big the position is, and when to trade it. Both seasoned traders and followers can benefit from a profit sharing model on PrimeXBT. PrimeXBT gives up to 200x leverage on cryptos and more on other assets. If a deal is held open overnight, there is an additional charge of an overnight fee. The mobile app is ideal for staying conveniently connected to the markets anytime, anywhere. Even if you’ve been trading for a short amount of time, you’ve most likely came across the terms – bullish,. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts. Other levels will be created if the price breaks above a resistance level or below a support level. One can also trade specific stocks, but this could lead to even more concentrated losses. 🚀 Website: Dive into PrimeXBT’s core info and updates. Suppose your phone is stolen or lost; you’ll need your backup key to gain access to your account. Be more precise, using advanced tools and powerful charting to analyse the markets, while enjoying lightning fast execution speeds, and rock bottom fees.

PhanT

If you lose access to your 2FA device, contact customer support immediately to help secure your account and reset your 2FA settings. Io is known to be one of the oldest crypto to crypto exchanges, which was launched in 2017. Net is a trading name of Tokentalk Ltd. Short selling can be very lucrative, especially when you expect that prices will fall due to external factors that drive the market. Best Regards,The PrimeXBT Team. PrimeXBT is a global crypto exchange, as well as offering investors access to other more traditional markets like Forex currencies, commodities CFDs, and stock indices. Investment Risks: Futures and Forex trading involve substantial risks, potentially leading to the total loss of capital. Anton Kharitonov, an analyst at Traders Union, believes that Cardano will be traded at $0. 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. On the other hand, there’s a flat 0. The platform also offers 0% commissions on CFD trading pairs, including global Forex, Commodities, and Indices. 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 practices a simple but effective fee system that involves trading fees, overnight financing fees, deposit and withdrawal fees. These deposits go into your wallet. PrimeXBT is a broker to keep an eye on. Your initial value of the position at $12,000 now is worth $9,960 – of which $6,000 needs to be paid back. Non custodial wallets do not require KYC because they do not manage your funds or handle transactions. Contents1 How to Use, Trade and Sign Up to Cobinhood Crypto Exchange1. Its clear fees and wide range of tools make it a great choice for traders. Here’s a simplified example of how leverage translates to Crypto trading. Cardano potential is still extremely high, if not higher than before, making future Cardano’s price horizon seem very promising. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. Compare PrimeXBT with the top 3 similar brokers that accept traders from your location. Nevertheless, it’s crucial to remember that cryptocurrencies are high risk assets. For example, BTC can be used in a Margin trading account denominated only in BTC, while ETH can be used in a Margin trading account denominated only in ETH.

Unlocked: Crypto Handbook!

This acronym means Know Your Customer, and ensures that the person managing positions, trades, or funds is the one authorised to do so. Successful Forex trading requires a well thought out strategy. Visit our Help Centre. The file is verified secure by PrimeXBT. This model is irrespective of trading volume or maker taker status like with other exchanges. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. We want to give the world control over their finances, once and for all, and we believe this revamp brings us closer to realising that vision. 🛡️ With a spotless six year security record, PrimeXBT credits its success to rigorous protocols and industry leading standards, never experiencing hacks or compromises. They’ll also have access to usage guidelines that will help them every step of the way as they learn about the world of cryptocurrency. It awesome for proper risks allocation, since from the very beginning traders are taught to distribute risks correctly not to get exposed by them and eventually not to get disappointed about trading activity. PrimeXBT offers a significant degree of customization to its users. 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.