FAQ

Traders can access leverage up to 100x, allowing them to maximize their trading positions and potential profits. Considering these points, let’s start with the list of best crypto leverage trading platforms. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. Understanding the deposit and withdrawal process is crucial for effective fund management. At the moment, an API interface is not available. Meanwhile, Goldman Sachs believes that the markets may not reach higher oil prices, and top a maximum of only $81 in the same time. To answer this question, it is important to understand if you are the right person to hold XRP and to trade it — to see if the coin suits your needs and wants. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. This ensures that user accounts and assets are safeguarded against potential threats and hacks. The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. However, the absence of custom price alerts was a notable drawback. It takes just a few minutes to get started.

A better wayto trade

Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. CoinCentral Content and Creative studio is the in house creative arm responsive for the creation and distribution of objective and educational content to help brands connect with an engaged and interested crypto literate audience. 001 BTC, around 1,270 NAD. Understanding the document submission requirements can help users prepare and expedite the verification process. PrimeXBT provides wallets for BTC, COV, ETH, USDC, USDT, and US dollars. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. These limits include both deposit and withdrawal restrictions, which vary based on several factors including account verification status and payment methods used. Collaboration with banks or payment processors may improve Cardano’s value and promote adoption. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. For traders, KYC compliance provides peace of mind, knowing that they are trading in a secure and regulated environment. If your withdrawal is delayed, check for network congestion and ensure all transaction details are correct. A rising ADX line suggests the strengthening of a trend, while a falling line indicates a weakening trend. This separation of an extra wallet for margin trading within user accounts is very useful as it helps to keep control of funds. However, for experienced traders who are comfortable with risk, turbo trading can be a great way to increase their trading profits. We use cookies to improve your experience on our site. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Disclaimer: Any Advice or information on this website is General Advice Only It does not take into account your personal circumstances, please do not trade or invest based solely on this information. Naturally, the restrictions on both isolated and cross margin futures may be frustrating for some users. It takes just a few minutes to get started.

Funding and Withdrawal Options

Ethereum, the second largest cryptocurrency by market cap, ushered in a new generation for blockchain with its smart contract capabilities and this became its point of difference against Bitcoin. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. 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. Covesting accounts have access to maximum leverage rates of 1:200 for all asset types, no matter the trade volume. In Europe, Africa, and the Middle East, the benchmark is North Sea Brent Crude, traded on the Intercontinental Exchange ICE. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. The movement of the Bollinger bands is used to assess the volatility of Litecoin. PrimeXBT offers mobile apps for iOS and PrimeXBT bonus 200 Android, providing the same trading instruments. The platform’s focus on user friendly navigation, comprehensive market research, and robust security measures further underscores its commitment to providing a reliable and versatile trading environment. Yes, I can see your objection – “What is KYC in crypto. The minimum deposit amount for this promo is $100. The platform offers a demo account for risk free futures trading practice, making it an excellent choice for traders at all levels. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all. At the end of 2022, government regulation seemed to be coming, which may be precisely what Ethereum needed.

FAQ about PrimeXBT safety

Naturally, something like this comes with inherent risks, which is why this PrimeXBT Crypto Futures review is aimed at people who are slightly more advanced and ambitious than the average beginner. The platform also conducts regular security audits and complies with industry standards to ensure a secure trading environment. It’s cool that you can trade rather risky crypto features, pay quite small taker/maker fees, and also get access to global markets for risks offsetting purposes. Without having to contact support, this resource is helpful for quickly obtaining answers to frequently asked questions. Fees are an essential component of any trade and can affect the profits of a trader, which makes platforms with transparent, low, and no hidden fees an ideal exchange for any trader and investor. By following these steps, you can seamlessly start spot trading on PrimeXBT and participate in a variety of global financial markets. In early 2023, Shiba Inu gained 80% due to the Shibarium testnet announcement, but the price fell again before rising for the Shibarium mainnet launch in August. PrimeXBT uses advanced encryption, two factor authentication, cold storage for funds, and regular security audits to ensure a secure trading environment. If you don’t already have a PrimeXBT account you’ll need to create one. 025% maker rebate fees. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. Although it has been a significant commodity in the past,.

Know Your Customer KYC

Deposits available on PrimeXBT United Kingdom. It aims to give a clear and honest trading experience. How long will the bonus be active. Step 3: You will be sent an email with a pin number. Each payment method has its nuances, so choosing the right one depends on your specific needs, such as where you are located or the means you want to use to buy bitcoin. Yes and it’s already happening. The most important thing is trust for primeXBT. PrimeXBT does not charge inactivity fees, meaning there are no costs associated with maintaining an account that is not actively being used. TradeOgre values user privacy and does not have KYC processes in place. It is far too highly volatile for that to come true. Additionally, withdrawals to a bank card come with a hefty 5% fee. PrimeXBT Trading Services, S. Our website uses cookies. We personally contact support using all available methods and present hypothetical problems that users might face. The NASDAQ 100 Index is a market capitalization weighted index. Trade Crypto Futures Contracts incl. You’re now officially part of the PrimeXBT community, ready to explore the vast opportunities our platform has to offer. Another important part of setting your Day Trading strategy is how you intend to manage your money, and your risk.

How often are swap fees charged?

The team at PrimeXBT have made sure to provide an intuitive user interface that should get you up to speed in no time. Risks in the market increase with the inclusion of cryptocurrencies and other speculative assets. 35100 while being offered at 1. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 45 cryptocurrencies. All you need to do is anticipate how a crypto asset’s price will move within a specific time frame. In 2019, at least 94% of orders on PrimeXBT were executed at the quoted price or better. Proper planning and strategic decision making can help individuals strike a balance that aligns with their investment objectives while navigating the constraints imposed by the lock up period on staked DOT tokens. 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.

Risk warning

Investing simply involves BTC holding for the long term. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all. Reply from PrimeXBT Copy Trading. These rewards go beyond the ordinary, providing you with additional benefits. Returns or profits may be subject to capital gains tax. Forex Traders on Social Media. To make investing available to all, PrimeXBT lowers the barriers of entry providing easy and secure access to the financial markets with the industry best trading conditions and innovative tools. Crypto Withdrawal Fees. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Strategy Managers take the lead, controlling the trading activity of their managed strategies, while Followers seamlessly replicate these trades. For high frequency traders, even small differences in fee rates can add up to significant savings over time. Disclaimer: FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. 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. Mikhail Vnuchkov joined Traders Union as an author in 2020. Trading App By AvaTrade. It takes just a few minutes to get started. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Trading Fees: The platform charges a flat trading fee of 0. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

Adjustable leverage

Zaporizhzhia and Kherson. It also informs you that Liquidation may occur if your positions continue incurring loss. PrimeXBT offers various bonuses, such as deposit bonuses, fee reduction bonuses, and percentage based bonuses. This will help you plan profitable trades in advance and earn maximum profit. The PrimeXBT cryptocurrency exchange recorded $ 480. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. We recommend reviewing it carefully to ensure a smooth verification process. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Prime XBT Covesting tries to help out the newcomers by building a playground where trading rookies can meet and copy top performing traders in order to take advantage of their skills. Prime XBT Trading Services, S. However, it’s crucial to consider the broader crypto market conditions and regulatory landscape.

Pro Mode

There might be other schemes that the platform might offer in the future, but right now, there is none. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. The “big shot” bonus. Users can trade long or short, with margin. Additionally, our platform offers 24/7 customer support to assist with any trading issues or questions that may arise. ​For more information about our KYC and AML policies, click here. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. Scan the QR code with your device’s camera and get APK file. These bonuses are designed to enhance the trading experience by giving users extra resources or reduced costs to maximize their potential gains on the platform. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain.

Open free account

And that can make it difficult for entries and exits on your trade plan. Basically, I can: Trade manually, the chart and instruments are adequate and executiions is fast enough Buy crypto that I want and hold it Copy trade, select one trader from the list and copy his/her trades Take part in various contests free of chargeP. After years of going down, ADA is ready to increase in price once again and show the true potential we all know Cardano is capable of. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. We couldn’t find your account based on the provided information. Forex trading, or foreign exchange trading, involves buying and selling currency pairs. Their rewards are a complete scam. Here’s a breakdown of the pros and cons.

Referral ID

It takes just a few minutes to get started. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Live trading involves the real time buying and selling of financial instruments on various markets. Of course, buying and holding as a method to make money still has a lot to do with timing. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Before making financial investment decisions, do consult your financial advisor. Low trading costs and 0 fees. The calculations for CGT can get very complicated, which is why our tax team wrote an in depth guide on how to calculate CGT on crypto. Glad I bought some when I did. But we also want to make that process. This exchange runs on Ethereum’s Layer 2, utilizing the StarkWare engine to enable faster and cheaper transactions. The ability to combine multiple bonuses may depend on the terms and conditions of each bonus. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Social Media Channels. However, you can also see the same type of loss. Withdrawals on PrimeXBT are processed once daily between 12:00 and 14:00 UTC. Here we’ll explain futures trading, dive into the details of perpetual contracts, take a closer look at why PrimeXBT is the best platform for trading crypto futures right now, and then walk through how to trade crypto futures on PrimeXBT.