An In depth Analysis of the KYC System in Cryptocurrency

Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. PrimeXBT was founded in 2017. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. 5 most popular PrimeXBT alternatives based on 0 customer reviews. Klever Exchange provides end to end solutions designed for Web App. Traders who register a real account with PrimeXBT are not offered a sign up bonus, but a deposit bonus of 7% is offered, up to $7,000. After this information is added, it is now time to enter identity and payment information, which will be used to verify your identity and process the transaction on your credit or debit card. 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. It provides pre set trading plans and a marketplace for exchanging plans. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. This feature is common amongst popular crypto exchanges and is a great way of balancing out your altcoin portfolio. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. SimpleSwap is an instant crypto exchange, offering more than 900 crypto and fiat currencies available to trade. This leaves Volet and Perfect Money as the alternatives. Baksta UAB is registered with the Financial Crime Investigation PrimeXBT CFD Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. It is a physical asset so it is able to be stored and kept by individuals. Explore the diverse benefits of common and preferred shares on PrimeXBT, where the world of stock trading unfolds with opportunities waiting to be seized. It not only pays direct referrals but also provides advantages at many referral levels, hence increasing possible profits. This leaves Volet and Perfect Money as the alternatives. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Prime Technology Ltd is PrimeXBT’s Technology Provider. The first step is to create a cryptocurrency wallet. However, those who believe in its long term potential tout the growing utility and future potential of the Shiba ecosystem as to why they believe so. Review your account for any unauthorized trades or withdrawals and request a hold on further transactions until the issue is resolved. Promo codes are equally available. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Once it is decided how much Bitcoin to purchase, click Buy. For example, social media influencers, YouTube celebrities, bloggers, forum administrators, and more, can all capitalize on their existing audiences to bolster their revenue streams exponentially using PrimeXBT’s programs. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform.

Prime XBT

PrimeXBT has traders from over 150 different countries. You can close your running positions on PrimeXBT using either a market or limit order. There is Bitcoin trading with leverage up to 1:1000. 00 before it finally found support. While its daily growth rate is impressive compared to that of Bitcoin BTC and other top altcoins, Chainlink’s 14. Bitcoin is up by over 11% to trade at around $67,000. The spreads on major pairs like USD/EUR or USD/GBP are generally smaller than on minor or exotic pairs, but all spreads are competitive. We’ll delve deeper into these implications in the next section. 🌟 At PrimeXBT, crypto enthusiasts can snap up their favorite digital assets using MasterCard, Visa, and other convenient payment options. Every affiliate program has its own campaign rules, and each one is important to consider when deciding whether the PrimeXBT affiliate program is the right choice for you to promote. You can follow the status of your deposits in your Transfer History. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. Companies can ask for reviews via automatic invitations. We couldn’t find anything matching your search. Review collected by and hosted on G2. 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. Only recently, it went on to open all the features of its crypto derivatives platform. 6 on the Google and Apple Play Stores, respectively. Information regarding past performance is not a reliable indicator of future performance. It offers many benefits to the token holders in the Covesting platform like. It comes equipped with a range of technical tools, including over 50 indicators, charting tools, and multiple screen support, aiming to cater to various trading strategies. $20,000 or equivalent for unverified users. This feature is common amongst popular crypto exchanges and is a great way of balancing out your altcoin portfolio. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. 7 months ago 465 views. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. Understanding the significance of Know Your Customer KYC procedures, we emphasize that all clients adhere to PrimeXBT guidelines, exercising due diligence in compliance with local laws and regulations. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative.

PrimeXBT’s Post

PrimeXBT places a high emphasis on security. Get ready to compete and show off your trading skills. Bybit’s « Earn » feature, for example, comes with varying lock up periods and APYs for different cryptocurrency deposits. Virgin Islands, Northern Mariana Islands. IP whitelisting: Users can whitelist specific IP addresses that are allowed to access their accounts. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. 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. Here are some of the most common Litecoin investment strategies. Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. To minimize trading fees on PrimeXBT, consider using limit orders to take advantage of lower maker fees, monitor and choose assets with narrower spreads, and plan your trades to avoid holding positions overnight if possible. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. While MEXC offers a broader variety of orders such as post only and trailing stop orders which can assist in more nuanced trading strategies, PrimeXBT focuses on the most utilized order types, catering to traders who prefer a more streamlined approach. 📝 Medium: Stay tuned with PrimeXBT’s Medium for crucial updates. Overnight Financing: For leveraged positions held overnight, PrimeXBT charges an overnight financing fee, also known as funding fee. To complete this, upload your proof of identity government issued ID document and residential address utility bill or credit card statement. However, it’s worth noting that it is much easier to do it in the CFD market than it is through the perpetual futures contract, and you have much more ability to leverage your position size, increasing your profits. Best regards,The PrimeXBT Team.

PrimeXBT Pros and Cons

I have never experienced delayed funds or issues with withdrawing my profits. The necessary interest varies depending on the amount of the loan, and the brokerage that you are using. The fees on Bybit will also vary depending on which market or contract is being traded, you can find a full breakdown on the Bybit trading fees page. Oil is very quickly earning the crown as the most important geopolitical asset. Date of experience: August 21, 2024. Primexbt is really a good platform. Throughout my testing, the app performed smoothly without any bugs or glitches. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Gotta give credit where it is due, the Bybit team seriously stepped it up. But how easy is it for a newcomer to navigate this platform. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. More followers means greater amounts of capital mirroring trades and compounding potential gains. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. Vincent and the Grenadines, which is part of the PrimeXBT group. They don’t trust a third party with their personal info. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. This product is an excellent passive income and can work great even for newbie traders yet to master leverage trading and covesting but still want to make some money with their crypto. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it. Additionally, you cannot set stop losses and take profits directly from the order form. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Of course, I also check this info to understand whether it’s high time to exit the deal or not.

How is PrimeXBT’s Customer Service?

Placing trades on PrimeXBT is simple, with an easy to use order form. Charts: TradingView powers Charts on PrimeXBT. I guess it maybe fair both sides ,they are low. $20,000 or equivalent for unverified users. ✅To use a debit or credit card to make a deposit. Holding a position open for an extended period of time. Bitcoin represents a decentralized financial innovation with the potential to supplant traditional fiat currencies worldwide. Coin Bureau readers who sign up to PrimeXBT using our referral link will receive a FREE 35% BONUS as well, definitely worth taking advantage of. You will receive the ownership rights to the digital currency you buy through an exchange. The customizable workspace allows you to set up multiple screens with different widgets like charts, order forms, current positions, and more. Enter the desired amount of Chainlink you wish to purchase. Claim up to $7,000 in Bonus. Advcash account email address used to make a deposit will be preselected automatically. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Competitors like Bybit and KuCoin support a wider variety of fiat currencies and payment methods, easing fund transition. We strive to provide a reliable and secure trading platform for all our users. No consumer protection.

Review Methodology

In reality, it is only dangerous when used improperly. PrimeXBT provides its clients with up to date market research on the various asset classes it lists. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. Information regarding past performance is not a reliable indicator of future performance. Here’s a step by step guide to help you execute this process efficiently and securely. When choosing between PrimeXBT and Bybit, consider the fee structure that aligns with your trading volume and strategy. Thanks for your feedback. If your guess is correct, you make a quick double digit profit. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. We’re here to help you navigate the markets and ensure your trading experience with us is positive and successful. Well, that’s about to change. For example, a user can open a 5 BTC position while having a 1 BTC deposit on a trading account, which will result in an effective 5x leverage. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. Let’s take XRP/BTC for example. This is to protect your account in the event of a wrong prediction on price movement. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. It also allows traders to get started trading that much faster. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. It has limited technical analysis tools. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit.

How to use vpn for PrimeXBT?

While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. You can also sort markets by name and 24 hour change. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. Forex markets have a few basic trading strategies that you should be aware of. 300–600 BTC: 25% discount. Date of experience: April 29, 2024. Otherwise, if you would have to take delivery of €100,000 to speculate. $2,000 by bank card. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. Thanks again for choosing PrimeXBT. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. The result of this trading is a mature market and growth of the crypto sphere. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account.

Business

It is also a great way for experienced traders to earn some extra income from other traders. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. For fiat withdrawals, navigate to the “Wallets” section on your account’s main page, click “Withdraw,” and select the method to proceed. 🚀 We’ll explore how PrimeXBT operates, its diverse services, safety measures, and its ideal users. Withdrawals on PrimeXBT are processed once daily between 12:00 and 14:00 UTC. It’s designed to simplify the trading process by allowing you to leverage the expertise of experienced traders, eliminating the stress and emotional challenges like FOMO that often come with manual trading. Use correct spelling, grammar and punctuation. Our website uses cookies. Later in this article, we’ll explain how you can safely store Bitcoin. CFD trading on PrimeXBT allows you to speculate on the price movements of various financial assets without actually owning them. Illicit cryptocurrency transactions totaled $4. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. Cardano is a blockchain platform that processes transactions using the native Cryptocurrency ADA. The platform has futures on the most popular cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana and others. The referral program of Binance has two options: a standard referral and a lite refferal. With support for multiple cryptocurrencies and instant fiat deposit options, PrimeXBT ensures that traders can quickly and easily fund their accounts to start trading without delay. The main rule is to scale in only into profitable trades and to scale out only out of losing trades. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. 25% in all time profits and an active history of 380 days, Ethlongerst has proven to be a reliable strategy. Ethereum tokens are used to spend on purchases, facilitate smart contracts, and reward miners and validators on the Ethereum network. For example, the DOT market cap was at $3. The exchange can also initiate the procedure if a trader violates terms and conditions. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. This is not something that we have seen on other charting packages developed by an exchange. Money management is crucial when trading any position, but even more so when going short.

Explore trending topics in the crypto community right now

Io, PrimeXBT still delivers a functional and easy to use interface that will suit most people. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. With cash accounts, customers can only buy and sell assets to and from cash. Bybit does a fantastic job listing new and exciting project tokens quickly, often providing access to tokens quicker than many of the major exchanges. As a brick and mortar business, it exchanges traditional payment methods and digital currencies. In a world where data privacy and security are non negotiable, every user deserves an exchange that respects their rights, values their privacy, and ensures that compliance extends to all aspects of their operations. By using this code, you can get a 35% bonus transferred right to your wallet within 24 hours. Affiliate Program: PrimeXBT partners can choose between a revenue share or cost per acquisition CPA program. PrimeXBT charges no fees on deposits. The user experience and interface of a trading platform significantly impact a trader’s ability to navigate the platform and execute trades efficiently. PrimeXBT does not charge for deposit or wallet creation. First, there are no deposit fees, though the minimum deposit amount is set to 0. Even though it is not regulated, it has very few online complaints, and its privacy centred approach maintains client security. The interesting thing is that FTX US has now stopped withdrawing money, on paper, FTX com and FTX US are 2 different companies but the truth is not soBlockfi platforms stopped withdrawing, as of today, the number of people who still keep money on Blockfi may not be much, but this raises concerns. These products are not suitable for all investors. 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. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. His experience as a senior analyst and market knowledge including day trading fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. By providing additional personal information and documents as per PrimeXBT’s Know Your Customer KYC policies, you can request higher withdrawal limits. Index Trading Platforms. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Here is a look at how simple it is to be a trader or follower on Bybits copy trading platform. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Scan this code to download app. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. No, transferring cryptocurrency to PrimeXBT is not taxed as long as you transfer between your personal wallets or exchange accounts.

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

By continuously learning and adapting to market conditions, traders can stay ahead of the curve and improve their trading performance. Returns or profits may be subject to capital gains tax. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. 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. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. This diversity offers traders the opportunity to diversify their portfolios and manage risks more effectively. 3️⃣ Once the correct MetaMask account has been chosen, click the blue ‘Connect’ button to confirm. PrimeXBT has a user friendly interface which is intuitively designed. Dear Mustafa,We’re thrilled to hear that our blog and price prediction tools are valuable resources for managing your trading effectively. These fees are displayed at the time of initiating a withdrawal. However, depositing fiat currency requires KYC verification. To date, the Financial Commission has awarded an impressive $783,000, and processed over ten thousand claims made by CFD and FX traders. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. If you want to know more details about PrimeXBT payouts, such as what payout methods they accept, please check out the specific information below or follow up with PrimeXBT Affiliates contact. According to the platform, it takes 7. I don’t know how old your article/review is but I suspect things are stacked against the trader here. In crypto copy trading, participants automatically copy trades of experienced traders in real time, adjusting the size based on their investment. When it comes to storing your passwords, PrimeXBT state that they use the “bcrypt” algorithm. Margin trading is a great tool if you have a profitable trading system. I also tested the fiat withdrawal process, using Volet. Plus the fees are truly low, you pay only 0. PGX Affiliate Program. Jubi is an intuitive software solution designed to streamline project management. On the left side, you will see the watchlist. Trading on margin increases the financial risks. 97 at a maximum in 2025. Their fees are typically less than $2.

NYHETSBREV

For example, a standard buy order for a full BTC at $20,000 would earn a trader $10,000 in profit as the cryptocurrency increases to $30,000 per coin. Learn more about Baksta’s Legal Terms. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. In this scenario, a 10% price increase would yield a $500 profit. At the moment, an API interface is not available. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. Lucia, while Prime Technology Ltd, which is the technical provider for the PrimeXBT platform, is registered in Seychelles. Libdogecoin is a library in C that developers will be able to use in the development of DOGE related projects. The platform also supports indices, such as Nasdaq and SandP500. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. ➡️”Since becoming a client of PrimeXBT not long ago, I have been impressed. Receive the latest news and stay informed. As well as from unrecognized or partially recognized states: Gaza Strip, Crimea, Donetsk People’s Republic, Kherson and Zaporizhzhya oblasts, Luhansk People’s Republic. It is a higher reward, higher risk derivatives contract that professional trades want. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Its mix of low fees, diverse assets, high leverage options, and user friendly features makes it an attractive platform for experienced traders. Investing in a new token that has low liquidity is risky. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. 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.

MehmetKocaman

Enjoy fee free deposits and CFD trades. Lower margin usage leaves adequate room for inevitable drawdowns to occur without substantially increasing chances of full liquidation. 11 in 2026, which is a 309. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Promo codes can significantly reduce trading costs by providing fee discounts, deposit bonuses, or other benefits. In 2024, Orfinex, VTMarkets, Fusion Markets, and Ultima Markets also gained FinCom membership. Liquidation is the automatic closing of all currently open positions at market price, if margin requirements are not maintained. This would be a continuation of the action that we have seen every other time a “crypto winter” has taken place. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. The customizable trading interface allows users to tailor their workspace to suit their preferences and access the tools they need most. The live chat feature is particularly appreciated for its quick response times. Advanced trading concepts can be confusing for beginners. These products are not suitable for all investors. Trade with confidence knowing we are trusted by 1,000,000+ people worldwide, for our award winning products, our commitment to security, and the 24/7 support we offer. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. How is PrimeXBT trading fee. The chart below shows the financing per day on both long and short positions. So if you want to share your experience, opinion or give advice the scene is yours. Gold is the standard at which almost all other money has been measured historically. The prices of commodities BRENT, CRUDE, and NAT. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The standard option allows users to earn up to 40% commission from their referrals, while the lite option allows users to get 100USDT every time someone sign up and deposit more than $50. Keep up the great job guys, you are revolutionizing trading with this low tradign costs 👏. Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. However, there are certain jurisdictions where our services are restricted. The average order execution speed is 7. Der Umfang der Plattform ist in Bezug auf bestimmte Kryptowährungen oder weniger konventionelle Vermögenswerte eingeschränkt. ” We will take a look at benefiting from falling prices.

🚀 PrimeXBT Deposit Bonus 🔥 Get 20% Bonus For Your First Deposit, Up to $7000 Tradable Bonus 💵

As long as you use caution and a bit of common sense, margin is a great tool. Slippage is the difference between the expected price, and the actual execution price of a market order. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. Anyone can write a Trustpilot review. 🔥However, during transitory periods like the market is experiencing, traders need to feel confident they can protect their positions from volatility while preparing for the coming bull run. They have developed their own trading technology, making the platform robust with plenty of key features. To buy an entire Bitcoin, you’ll have to allocate only 1% of the trade as the collateral margin for the trade. However, there are certain jurisdictions where our services are restricted. The responsive design facilitates trading on various devices. Use the Binance referral code 49316610 and receive up to $600 in rewards and bonuses. All investments involve risk, and past performance is no guarantee of future results. On the other hand, if you want to simply short against USD, then select ETH/USD. Affiliate Program: Users can join the Affiliate Program and enjoy up to 50% profit share. Watch this quick PrimeXBT course, learn about it, click “Visit” on the lesson sidebar and get 7% deposit bonus coupon. Scan this code to download app.