How to Use PrimeXBT for Margin Trading in 2024: A Complete Guide

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. The platform offers a multitude of advanced features, competitive fees, and robust security measures. I closes the position and take the profit. Binance Coin BNB: The native cryptocurrency of one of the biggest cryptocurrency exchanges in the world, Binance, is called Binance Coin BNB. The leverage on trade is also high for maximum profitability. It displays the latest actual price of the coin, the maximum price for the day, the minimum for the day, the trading volume, and the prevailing trend: upward or downward. Next, users will be prompted to set a passcode and will be asked if they would like to set up biometric account authentication for added account protection. This section will explore various trading strategies, including technical analysis, fundamental analysis, and risk management techniques. Its free channel has almost forty thousand members at the time of writing. Launched in 2018, it has quickly grown to serve clients in over 150 countries, providing them with access to top tier liquidity and a variety of trading tools designed to cater both novice and experienced traders. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. In this comprehensive review, we will delve into PrimeXBT’s features, advantages, and drawbacks to provide you with all the information you need to decide whether the platform suits your trading preferences. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. This is usually expressed as a ratio, which is the rate at which you can take on debt.

Final Take

Volet deposits are free, while Perfect Money charges a 1. We’re happy to hear that the PrimeXBT platform has the great payment process you need. Mike Novogratz, CEO of Galaxy Digital, believes that Bitcoin could reach $500,000 by 2027, especially with continued adoption by large financial institutions. Information provided is for informational and educational purposes only and does not represent any type of financial advice and/or investment recommendation. Once your purchase is finalized, the Crypto will be instantly credited to the wallet you selected. Leverage and margin are available for both spot trading and futures markets. You can track the status of your promo codes www.primexbt.com under the ‘Promo campaigns’ section. PrimeXBT is a centralized cryptocurrency exchange CEX that offers a user friendly environment and 24/7 multilingual customer support for traders of all levels. PrimeXBT stands out with its no minimum deposit policy, perfect for newbies and small scale traders. An additional confirmation menu will appear.

What is Margin trading?

Simple ui and not confusing. The calculation for the necessary margin is done in real time, meaning that it will keep your account from going negative. Pros and cons of market diversity on PrimeXBT. I hope it gets better along the way and it improves better to cater all people who would like to see the flow of reel time market trading Review collected by and hosted on G2. ByGrace AshiruJune 28, 2024, 9:00 am. Com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Traders can decide to try to benefit from a commodity move via the stock market, however, this brings more operational risk. Whether you’re interested in crypto futures, CFDs, copy trading, or simply buying cryptocurrencies, PrimeXBT provides the necessary resources to help you succeed. They are just going above and beyond here. Let us understand the trading options available on Bybit and how it is unique from other similar exchanges before taking you on a tour of how to trade on Bybit in the USA. The broker offers an extensive cyber security framework to protect client assets but fails to specify how it treats deposits. 26% taker fees at the entry level which is not quite as competitive as the fee schedule for PrimeXBT which uses a flat fee schedule. Changes in regulations, especially around Bitcoin ETFs, will directly affect price movements in the future. A trading fee is incurred any time a position is opened or closed as a percentage of the transaction amount as shown below. Enjoy fee free deposits and CFD trades. PrimeXBT offers a wide range of asset classes, including cryptocurrencies, forex, commodities, and indices. Step 3: You will see The Login Primexbt page. Building a trading strategy is difficult, as it requires finding a method that works for the trader, as well as one that fits the market that they are operating in. A range trader also has a chance to liquidate their investment if there are unfavourable news in the market. After purchasing cryptocurrencies, they can then transfer them to their PrimeXBT account. Now let’s swing over to the PrimeXBT trading interface.

Become part of something greaterBecome part of something greater

If either the Stop or Limit price is reached and an order is executed, the 2nd order automatically gets canceled. These promotions often include welcome bonuses for new users, percentage based bonuses on deposits, and exclusive promo codes shared through social media and newsletters. More flexibility, security, and scalability are made possible by this division of responsibilities. Promo codes are equally available. However, depositing or withdrawing fiat currency will require KYC identity verification. PrimeXBT equips traders with a robust array of technical analysis tools, boasting over 50 technical indicators and the ability to perform comprehensive technical analysis with TradingView powered charts. In addition, there is a section “Economic Calendar”. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. PrimeXBT doesn’t offer a dedicated phone line for emergencies. The order form also displays recent trades and order book data. 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. US users who wish to transact with more functionality without KYC may opt to use competitors like ByBit, thereby gaining access to a much wider selection of trading instruments such as margin and futures as well. 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. Services related to cryptocurrencies buying, selling, exchanging are provided by Baksta UAB, which is registered in Lithuania. Anyone who decides to open an account with PrimeXBT does this independently, under their own exclusive initiative, and has to confirm that no solicitation or recommendation has been made by PrimeXBT or any other entity within the group. Risk management is a focus on taking measures to protect against potential capital loss associated with trading and investing. Review collected by and hosted on G2. Learn more about Baksta’s Legal Terms. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. $2,000 by bank card. Short selling, on the other hand, allows you to profit from falling prices in the market. Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. There’s also no minimum deposit or account balance required with PrimeXBT. No, PrimXBT is not available in the US as it is one of the 17 restricted jurisdictions, which means users or residents of the country are not allowed to use PrimeXBT services. However, the platform has seriously kicked it into high gear, attaining regulatory approval and a Triple A security rating. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. These products are not suitable for all investors.

What should I take into consideration when choosing a crypto exchange?

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. Click here to get 7% up to 500$ First Deposit Welcome Bonus on PrimeXBT. The platform provides a variety of free deposit options for both crypto and fiat. This could include crypto enthusiasts, traders, investors, or individuals seeking to diversify their portfolios. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Bitcoin, the world’s first and most popular Cryptocurrency, has always been a topic of great interest and speculation. For further details, you can refer to PrimeXBT’s help center or user guide. Users are able to exchange a large range of markets using Bitcoin as leverage, including crypto, forex, commodities, and indices. PrimeXBT does not charge fees for Crypto and Fiat deposits. Also, it uses a fast trade matching engine capable of handling up to 100,000 transactions every second with a latency of under 5 milliseconds. Traders can easily set the leverage by adjusting the position size rather than adjusting the leverage level itself like the other margin trading exchanges. All the complicated tax calculations are automatically done for you.

The Origin of Futures

Regulated: FSC of BVI. Covesting is a unique way to make passive profit for anyone who doesn’t know how to trade themselves. For example, withdrawing funds via cryptocurrency may involve network fees in addition to the platform’s withdrawal fee. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. Immerse yourself in the thrilling journey of cryptocurrency trading with PrimeXBT, where acquiring coins or tokens means securing a slice of digital assets like Bitcoin. Get it in the Microsoft Store. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. After Bitcoin took the Crypto world by storm, several altcoins came afterward that tried to prove the efficacy of digital currency and improve on what Bitcoin had set out to do. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Additional opportunities with cryptocurrency. To access live chat support, British users can navigate to the help or support section on the PrimeXBT platform. You might also like: PrimeXBT Demo Account. PrimeXBT allows direct Crypto deposits to Global Markets CFDs and Crypto Futures trading accounts by automatically redirecting them from your wallet when a deposit is made. Key Features of PrimeXBT Margin Trading. It also trades from one place to another successfully. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. The withdrawal fee is a flat fee i. It is possible to use a third party service such as Coinify TC, which allows you to buy BTC, ETH, USDT and USDC using your bank card, SEPA bank transfer and have it transferred to your PrimeXBT wallet. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. But there can also be unforeseen correlations. PrimeXBT Deposit :On PrimeXBT we offer Direct Crypto deposits from your personal crypto Wallets as well as alternative Deposits via Bank/Credit card/SEPA Transfers. 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. If you’ve been on a losing streak and could use some help, there is also the option of becoming a follower using the Covesting copy trading module. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Unrecognized or Partially Recognized Jurisdictions.

Get Bybit Referral Code Reward

The price moved so fast that they didn’t get their order filled. 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. This causes a slight delay in funds being available in the account. For example, here are the base margin requirements and resulting leverage for a few of the 41 available cryptocurrency pairs. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Visit our Help Centre. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. Similarly, if you opened a 0. This method effectively measures the capability of customer support to assist both active traders and casual investors. Verklaring inzake de openbaarmaking van Risico’s. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Unlock the Power of trading on PrimeXBT through this detailed PrimeXBT review. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. This method effectively measures the capability of customer support to assist both active traders and casual investors. In the event of force majeure, PrimeXBT may without prior notification. ” In the ensuing “New Order” dialog, select “Sell. For example, you may wish to buy €100,000 against the US dollar. 🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. Another benefit of cross margin is when taking a long position, i. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. The information on this website is for educational purposes only, and investing carries risks. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Indicated that the app’s privacy practices may include handling of data as described below. Next, we will address some frequently asked questions about PrimeXBT to provide further clarity. When the market cycle turned bullish again, Bitcoin carried it and the rest of the cryptocurrency market to new all time highs. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient.

US dollar

97 at a maximum in 2025. Users must first transfer their crypto to an external exchange where they can convert it to fiat and then withdraw to their bank account. There’s a drop down button that says “All markets,” and you can use it to select the particular market you want to trade. First Digital USD FDUSD. When a participant opens a position on a contest trading account, it counts towards their Turnover indicator based on the amount of the position, and it also increments their Number of Trades indicator by one. Only a small portion of digital assets are held in our online wallet « Hot Wallet ». Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. When using an isolated margin type, your leverage is capped at x100. 26% taker fees at the entry level which is not quite as competitive as the fee schedule for PrimeXBT which uses a flat fee schedule. PrimeXBT also offers both long and short trading options. Scan the QR code with your device’s camera and get APK file. Once the trade has been executed, you will monitor to see how the trade unfolds. Scan this code to download app. The year 2024 is expected to be pivotal for Bitcoin due to various events and regulatory advancements. Include a valid credit or debit card number, expiration date, and CVV code. Recommended Read: PrimeXBT’s Covesting Yield Accounts. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. This could be ideal for those who like to trade with technical analysis. Select the ‘Deposit Crypto’ option.

Michael Graw

Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. The precious metal has been used as. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. The first thing experts recommend looking at when considering crypto exchanges is their reliability. Enjoy professional platform, instant order execution, low fees, and friendly 24/7 support. Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. PrimeXBT, a leading trading platform, offers high leverage options, enabling traders to maximize their potential returns. It also provides a breakdown of individual crypto and US dollar balances. $2,000 by bank card. The PrimeXBT app brings the power of trading to your fingertips, ensuring you never miss an opportunity in the dynamic world of finance. Leverage trading Crypto presents a higher level of risk and reward. Customer Support:PrimeXBT offers responsive and reliable customer support. It’s an intuitive interface that boasts advanced charting tools and customer support, earning the loyalty of investors around the world. It is perfect for fast paced trading and to see your results quickly with that execution. All in all, PrimeXBT is an ambitious player in the crypto trading sphere. To generate returns, these products can be used together with other derivatives. Many other altcoins are also showing incredible promise in the realm of AI, decentralised data, GameFi, and much more. We’re invested in your success, which is why we give you exclusive bonuses and rewards, just for completing simple tasks, so you can make the most of market opportunities. From this we can conclude that the exchange is still more suitable for users with at least a little experience in the crypto market. These developments raise questions about whether Aave’s price could climb to $200 soon.

Mobile No

Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. Once you’ve completed the missions of any one of the Trader’s tasks, you can claim the bonus. This staking mechanism ensures the network remains decentralized and secure, while encouraging long term participation from users. For traders looking for a full featured trading experience, PrimeXBT keeps evolving and remains important in the fast changing crypto market. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. Com is offering several coupon codes that can provide significant savings. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. 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. Optional KYC and a demo account for practice are also available. Access all the essential tools for trading, including market updates, chart analysis, and order execution, right from any mobile device. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. There are also more than 40 CFDs on cryptocurrency on the platform. Crypto Futures 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. This could happen if you shared your account credentials with someone else, or if your password had become compromised. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. Knowing when to enter a copy trading relationship comes down to finding whether or not it will be fruitful. Whether there are limits on the withdrawal amount is not specified on the site. PrimeXBT uses strict Know Your Customer KYC checks to make sure every user is who they say they are before trading.

Communication security with PrimeXBT

2%, while those with substantial holdings will pay as little as 0. Share your experiences with other software buyers. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. You can read about every possible way the market will react to certain events, but the market can always react differently to the same things, or there can always be new events that are unprecedented. It was amazing to meet and connect with such a diverse trading community from all around the world. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. PrimeXBT allows traders to make cryptocurrency deposits through their crypto wallets. In the trade tab, manage positions, explore watchlists, and analyze price charts effortlessly. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. These include things such as the colours, grids and spacing. This is because the actual login page should have a secure padlock in the browser. So, are unregulated Forex brokers scams.

Worse

Visit our Help Centre. Investing is speculative. The PrimeXBT mobile apps have overall ratings of 4. PrimeXBT does not require KYC Know Your Customer verification for its users. We’re thrilled to hear that you found our articles and tutorials helpful. Virgin Islands, Northern Mariana Islands. This is a convenient opportunity to profit on the crypto market for those who are very busy or have no experience in trading. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Shortly after the launch of the Ethereum ETH Exchange Traded Fund ETF by various issuers, ETH also faced a sharp decline in price as investors looked to offload their holidays across the board. These fees are displayed at the time of initiating a withdrawal. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. 1:100, moderate leverage e. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. It’s important to note that withdrawal times can vary depending on network conditions and the specific cryptocurrency being withdrawn. Be warned: investing in these start up projects is risky so read up all you can before investing AND keep a close eye on them after. The platform offers a very limited range of crypto futures markets and conditional orders. In PrimeXBT, you can choose a trader and subscribe to his trades to earn without effort, or you can open your own trades for copying and thus also receive additional profit. Additionally, withdrawals to a bank card come with a hefty 5% fee. Isolated margin mode is safer, applied by setting a hard stop on losses by closing the trade when the minimum amount of margin is reached. As the pair moved from 1.