◾️Why is my order rejected?

The PrimeXBT app for iOS is designed to provide a robust and intuitive trading experience for iPhone and iPad users. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Investing $100 in Ethereum is a small entry point into the Cryptocurrency market. PrimeXBT clients have access to margin trading leverage, which allows them to increase the volume of transactions at the expense of borrowed capital. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. As a newbie in crypto trading, Binance helped me learn crypto trading. 🤩 Partnerships, connections, and amazing people. If you already invest in cryptocurrency or intend to take advantage of the low prices of this bear market to begin investing, you might be wondering about Ripple’s price predictions and how XRP coins may fare in the future. Verification usually takes up to 2 minutes, after which your account status will be updated to ‘Verified’, and your withdrawal limit will be automatically lifted. Those concern their payment methods as well as their portfolio of trading instruments. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. Withdrawal fees start at just $0. Customers can fund their accounts by depositing via bank card or bank transfer. Binance gives traders all the tools they need, making trading simpler. Although there are outliers in the stock market that have performed as poorly or worse than some cryptocurrencies, few asset classes were as impacted by the drawdown in financial markets of 2022 as crypto. What’s the story behind this cryptocurrency exchange. 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’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. It serves clients in over 150 Códigos Promocionais PrimeXBT countries and has over 100 trading assets available. Scan the QR code with your device’s camera and get APK file.

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Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. We’re here to help ensure your trading experience continues to be positive and successful. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. This will complete the registration process and you are now ready to login to your PrimeXBT account and enjoy this feature and more. Anyone can write a Trustpilot review. These benefits make the PrimeXBT No Deposit Bonus an attractive option for traders looking to explore new opportunities and enhance their trading skills. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457.

Risk Management Becomes an Easy Game

Gemini is easy to use and offers a variety of trading features and rewards. These services are governed by the legal terms and conditions of PXBT. Ask price is generally higher than the Bid price, and the difference between these 2 factors is the Spread. 5x leverage means you can control a leveraged position five times larger than your initial investment. There are no fees for deposits, while withdrawal fees vary depending on the cryptocurrency being withdrawn. Understanding the deposit and withdrawal process is crucial for effective fund management. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. Understanding the fee structure can help you minimize costs and enhance your trading efficiency. So, is PrimeXBT the exchange for you. Trade 100+ markets like BTCUSD, EURUSD and SP500. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. The fees charged vary between exchanges. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. PrimeXBT handles withdrawals in a structured way to ensure efficiency. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This can be in the form of blog posts, videos, social media content, or podcasts. Verklaring inzake de openbaarmaking van Risico’s.

Our Verdict

The first thing that you will notice about the platform is that it offers a large degree of customization. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. It operates on various blockchain platforms, including Ethereum and Tron, offering users flexibility and interoperability. This is something that you can get in your account management page under the “referral” section. Visit PrimeXBT Platform and get 35% on Your First Deposit. Trading has become one of the major methods that people use to make money in cryptocurrency. Insights into PrimeXBT’s Cryptocurrency Trading. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. We’re here to support you and ensure you continue to have a positive experience on PrimeXBT. 0005 BTC for Bitcoin withdrawals. Whales can act as market makers where they create liquidity in both the buying and selling sides while creating profits. Brand operating since. The broker does not charge handling fees for payments; however, third party processing fees may apply. The cryptocurrency industry is a booming, new financial market surrounding emerging technologies. The website offers tools like price charts, copy trading, Bitcoin leverage, trading contests, and market research to assist users in analyzing markets and executing trades. This minimized my losses and still only cost 0. Register for a free account today. Performance fees are only charged when the strategy generates positive returns. Granted, these awards are given by Forex Awards, an association that likely doesn’t deal much in crypto. In 2021, XLM reached as high as 73 cents per token, but has fallen back to around 27 cents each. Ending Date: December 31, 2020. Stay tuned to the official PrimeXBT blog for future updates on asset listing and any other important company announcements. The term “margin” refers to the original deposit of capital that you put up to open a position. Therefore, if a withdrawal is requested after 12:00 UTC, there could be a wait of over a day to see the funds in your wallet. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. With flexible deposit and withdrawal options and speedy payments, it’s zero risk to start earning. On the next screen, you will be prompted to enter your personal email address and the country you are located in. However, depositing or withdrawing fiat currency will require KYC identity verification.

Other things to considerOther things to consider

Whether you prefer crypto or cash withdrawals, PrimeXBT ensures your transactions are processed swiftly within the same timeframe. Unfortunately, some of the information there seems to be out of date. Track your earnings in real time. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Pricing is based on the market price of the underlying asset of the trading instrument. They value the privacy and anonymity of cryptocurrency. The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills in cryptocurrency trading in order to increase the contest deposit. Therefore, the risk of unauthorized access or orders is minimal. I have broken down the available analytical tools and chart configurations below. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. At PrimeXBT, we are committed to ensuring our trading environment stays aligned with the evolving market. Dear Javier,We’re thrilled to hear that our trading platform made such a strong impression on you. Amazon has come a long way since its humble beginnings as an online bookstore back in 1994, and an IPO. 60$USD per token, yielding another estimated 8. The exchange offers two types of fees: trade fee and overnight fee. Scan this code to download app. Technical analysis involves monitoring how the charts are moving and reading the trend through the way the price rises and falls. Simply visit the PrimeXBT website, fill in your email and password, and optionally add your phone number for extra security. Polygon POL ex MATIC is a Layer 2 scaling solution for the Ethereum network, designed to improve transaction speeds and reduce fees. You can customize the calendar to see only the most important fundamental news with the greatest potential impact on 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. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Short selling is a trading strategy that speculates on falling prices in a stock or other asset. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. These products are not suitable for all investors. It has gained popularity for its crypto margin trading capabilities.

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Scan this code to download app. If you value a smooth user experience, the stats show that Coinbase might be the best choice for ease of use, while BYDFi is more suited for advanced users. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Alternatively, you can click ‘Verify Account’ from the same menu. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. Receive the latest news and stay informed. It’s a great way for those new to online trading to learn how to invest without making some dumb rookie mistakes. The remaining 99% of the required funds will be made available by your broker as a loan.

Diverse Trading Options

PrimeXBT actively shares bonus codes and promotional offers through its official social media platforms, including Twitter/X, Instagram, Facebook,Telegram and trading forums. But remember, leverage can also amplify your losses, so use it wisely. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. There are CFDs and crypto. Choosing the best crypto exchange to buy and trade crypto can feel overwhelming, but it doesn’t have to be. Just so you know, these assets are kept in a cold offline storage facility to ensure that they don’t fall into the wrong hands. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. It also informs you that Liquidation may occur if your positions continue incurring loss. 1%, and variable overnight swap fees tailored to each asset. This is a problem for most smaller markets. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement.

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It could be hard for them if they continue with new management. Trade 100+ markets like BTCUSD, EURUSD and SP500. Click Download and confirm the file download if you see a warning. Although this may seem like an effective way to manage risk, it has drawbacks. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. 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. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Comments: I have been using Prime XBT for 4 months now and I must say it’s really been helping me a lot with making crypto trading easy and efficient. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. While the price of Polygon cannot be known, many experts believe that by 2025, MATIC could reach as high as $1. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. These derivatives contracts lock in an agreement to buy or sell a Cryptocurrency at a specific price on a predetermined future date. United States of Minor Outlying Islands. By following these tips and being proactive in addressing any challenges, you can complete the KYC process on PrimeXBT smoothly and efficiently. The list of reputable and secure no KYC crypto exchanges gets smaller each year as government agencies including tax offices crackdown on crypto exchanges by requiring them to collect personal data and comply with regulatory requirements like issuing 1099 forms.

Automated Trading: Not Recommended

In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. In the next section, we will provide detailed information about PrimeXBT’s headquarters and its global operations. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Other products and services: 2. Go to Settings > Security and enable Install from Unknown Sources if prompted. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. To conclude our PrimeXBT review, this exchange is ideal for all who are interested in margin trading on cryptocurrencies. Throughout my testing, the app performed smoothly without any bugs or glitches. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. This can be very lucrative for the most active users who can grow a viral network of referrals. This has led traders who want leverage or derivatives to seek out platforms like PrimeXBT. The Fixed Tradable Bonus on PrimeXBT is added to your trading account’s equity and serves as additional collateral for opening positions. Earn $300 per sale with no minimum payout, using digital services in the professional, scientific, and technical sectors. You seem to have CSS turned off. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity.

We verify companies and reviewers

Our team of experts work to continually re evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Thanks to Bybit’s extraordinary efforts, they recently hit the 10 million user mark and have solidified themselves in the top ten crypto exchanges in terms of trading volume and are growing rapidly. Litecoin has been through two bear markets now, and after the first peak fell to as low as $1. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Spot trading fees range from 0. PrimeXBT is off the hook. Telegram Announcements. 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. This is because it acts as a platform for developers to build and innovate through continuing research. 01 BTC on the exchange. PrimeXBT Contests provide an exciting opportunity for traders to participate in risk free trading competitions using virtual funds. This step is crucial for refining the strategy and ensuring it performs well under different market conditions. Kraken is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 73 cryptocurrencies.

Download our 100% FREE Beginner’s PDF Guide and 5 MINUTES Bitcoin Buying Tutorial →

We’ve put together a list of the most common questions about trading on PrimeXBT for British residents, along with straightforward answers to help you trade confidently. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. While this fee might seem small, it is essential to factor it into overall trading costs, especially for those who withdraw funds frequently. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. You can only withdraw fiat using the same payment method you used for deposits. Leverage, margin, and trading with leverage explained here. We would suggest you use the web app as the first port of call and leave the mobile app for monitoring open positions and having to perform on the go trade maintenance. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. And you can also purchase cryptocurrency for your deposit using Baksta affiliate service. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. For traderswho hold positions overnight, financing fees can significantly impactprofitability, especially in volatile markets or during sustained pricemovements. For oil contracts, Avatrade uses a spread of $0. Information regarding past performance is not a reliable indicator of future performance. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. However, depositing fiat currency requires KYC verification. Crypto enthusiast since 2020. Ready to explore the future of trading. CoinCodeCap offers Telegram Crypto signals, which is the most popular method within the community.

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It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. Forex brokers acts very much like CFD brokers, with the exception that they do not offer other instruments. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Dogecoin isn’t safe, so think before you buy Dogecoin. Whether aday trader, swing trader, or long term investor, PrimeXBT’s low fee structureand diverse offerings cater to every style. Understanding the nuances between cross and isolated margin is crucial for tailoring your trading strategy effectively, and we’re glad our team could provide the clarity you needed. Go to Settings > Security and enable Install from Unknown Sources if prompted. Receive the latest news and stay informed. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement.

Contents

When choosing an exchange to trade cryptocurrencies on, it’s essential to consider a few factors. Personal Information Protection Manager and Other Personnel in ChargeUsers may file any complaint in relation to personal information that arose while using the service of the Provider to the personal information protection manager or the division in charge. However, most of the time, there is no free lunch in the markets. Accurate reporting of each transaction’s value is essential for compliance. 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. During testing, I received fast responses with a reasonable level of detail. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. Clients can access more than 100 tradable instruments at varied trading fees. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. By following these detailed steps, you’ll be well on your way to trading cryptocurrencies effectively. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. Go to Settings > Security and enable Install from Unknown Sources if prompted. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. We utilize Bitfury’s Crystal AML compliance software and blockchain monitoring toolset on all incoming transactions. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account.

Updated Dec 12th, 2024

Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. The next leg higher is dependent on Bitcoin rising above 103k to bring the 108K record high into play. Back then, it was traded for illegal goods, while today, the asset is traded for real dollars and other altcoins back and forth for a profit. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Please ignore this text box Recoleta Font. These products may not be suitable for all investors. On the flip side, let’s imagine a situation where a trader sets a stop order at a conservative price level in anticipation of a market downturn. Therefore, soon, the market could be as regulated as the traditional financial sector. Join 1M+ traders who choose PrimeXBT as their go to trading platform. 01BTC for the BTC/USD trading pair, however, minimum trading sizes are lower for altcoin markets. Of course, being affordable isn’t the only benefit of trading with primexbt. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Spoiler alert: understanding the fee structure is critical to maximizing your gains. This website is owned by PrimeXBT PTY LTD. PrimeXBT has been around for a while, but is it the real deal. Still finding PrimeXBT too complicated. PrimeXBT clients can fund their accounts using bank cards, e wallets, or cryptocurrencies, while withdrawals are exclusively processed in crypto.