PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?

If you have any more questions, feel free to reach out at. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Level 1 accounts cannot withdraw more than BTC 2 in 24 hours. These include regulatory news, such as China banning crypto again. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. On January 4, 2018, Stellar XLM hit its all time high ATH of $0. Choose PrimeXBT for a versatile and user friendly payment experience. Another common mistake among crypto traders is to trade against the trend. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. With a unique link, earn payouts from trading commissions paid by your referrals. On the upside, there are no minimum deposits, and you can engage in copy trading with lightning fast execution speeds. PrimeXBT provides several tools to help traders manage risk and protect their investments. The following is a comprehensive list of countries where PrimeXBT is currently restricted. IOS App: ● Android App. Its intuitiveness and simplicity provided a pleasant trading experience. The position size is 2 bitcoins. Understanding how to efficiently withdraw funds from your PrimeXBT account is essential for managing your investments and accessing your profits. Starting with PrimeXBT is easy –just follow our simple PrimeXBT registration process. Enter the withdrawal address of your Zengo wallet. 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: How We Protect Users’ Funds And Comply With AML Guidance

Banks work as market makers, offering a price to buy a particular currency pair, and a quote price to sell that pair. PrimeXBT is an award winning, all in one trading platform trusted by over 1 million traders globally. 005 when it launched – and prices remained largely flat until 2017, when the entire Crypto industry went through an unprecedented boom. Thanks again for choosing PrimeXBT. Your inquiry has been sent; our manager reviewprimexbt.com will contact you as soon as possible. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. On iOS, the PrimeXBT app benefits from the platform’s stability and security features. Utilize credit/debit cards, SEPA transfers, or leverage Coinify to swiftly add Crypto to your portfolio. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. 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. ” In the ensuing “New Order” dialog, select “Sell. So, let’s dig into their arsenals and see which platform packs the firepower you need. Best regards,The PrimeXBT Team. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. 🔗 Dive into PrimeXBT today and unleash your trading potential. Review collected by and hosted on G2. Effective risk management is essential for protecting your capital and achieving long term profitability on PrimeXBT. 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. Learn more about Baksta’s Legal Terms. This is where the concept of margin comes into play. Whether or not Bitcoin is a good investment today is subjective and depends on several factors, including an individual’s financial situation, investment goals, and risk tolerance. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The company has developed its own trading terminal, called PrimeXBT, with a built in function for copying trades; and there are browser and mobile versions. Our team of experts work to continually re evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

PrimeXBT Products

Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. However, cryptocurrency trading with PrimeXBT includes a 0. The responses were fairly detailed but lacked accuracy in addressing all queries. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. In case of any issues, don’t hesitate to reach out to the customer support team. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. There are also a plethora of technical studies and indicators that can be used. You will see a message stating that you agree to the processing of your personal data in accordance with the regulations of the exchange. For example, if you deposited with Volet, you must also withdraw using Volet. PrimeXBT offers several benefits that help to make the Covesting pitch even more promising, but more on that later. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. For detailed tutorials see. It essentially measures the dollar amount or BTC amount a Bitcoin option will lose each day as time passes by. 5% per transaction for every buy/sell trade. Go to Settings > Security and enable Install from Unknown Sources if prompted. However, depositing fiat currency requires KYC verification. There are no deposit fees for cryptocurrencies but do take note of minimum deposit amounts. Buy Amazon StockBuy Apple StockBuy Tesla SharesBuy Meta SharesBuy Google SharesBuy Pfizer StocksBuy NVIDIA StocksBuy AMD StocksBuy Microsoft SharesBuy Pepsico SharesBuy Adobe SharesBuy Intel SharesBuy Paypal SharesBuy Starbucks SharesBuy Netflix SharesBuy Moderna SharesBuy Zoom SharesBuy eBay Shares. Opening an account was hassle free, it offers lower fees compared to other crypto exchanges, and its platform is very innovative for a seamless trading experience. While Bybit offers just 401 unique cryptocurrencies, KuCoin boasts an outstanding 863 making it a better altcoin exchange. Her answers were timely and well informed. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. You can however use third party services that will allow you to convert Crypto to other currencies, including Fiat, which may then be transferred to your bank. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform.

PrimeXBT Bonuses and Promo

With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Dear Barak Asad,We’re thrilled to hear that PrimeXBT has been the trading platform you were looking for. The file is verified secure by PrimeXBT. Compensation Fund per user. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. You can deposit Crypto including Bitcoin BTC, Ethereum ETH, Tether USDT and USD Coin USDC. PrimeXBT has eleven industry awards.

Ready to put your insights into action?

Customers can fund their accounts by depositing via bank card or bank transfer. The operator does not require you to submit sensitive personal information. 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. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. It’s great to know that our efforts to reward our users are making a positive impact. Collaborations and Partnerships: Cardano has formed strategic alliances and joint ventures with governmental bodies, business titans, and academic institutions. The worst platform to trade at in 2022 was quickly Coinbase, having shut down its Coinbase Pro platform and folded it into its main Coinbase product. By strategically choosing the appropriate order type, you can enhance your trading efficiency and minimize costs. We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. Yes, Coinbase requires KYC for all its users. Open the downloaded file and tap Install to complete the installation. Go to Settings > Security and enable Install from Unknown Sources if prompted. The rapid proliferation of new technologies, products, and related services has spurred incredible innovation and inclusion in the world of finance, but it has also created new avenues for criminals and terrorists to launder their proceeds or fund illicit financial activities. This focus on transparency lets traders make better decisions and improve their trading results. Whitelisting restricts withdrawals to pre approved addresses only, providing additional security against unauthorized transactions from intruders who might have taken control of your account. The main of the era was the ability to buy and sell ADA and saw the delivery of the Daedalus wallet, the official IOHK wallet. Investing and trading aren’t the only ways to make money on PrimeXBT. Furthermore, a stop loss order allows you to define your maximum risk ahead of time, enabling you to practice proper money management. Precious metals can be traded from 22:00 to 21:00.

Minimum and Maximum Withdrawal Limits

The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. Yet, PrimeXBT is not available to traders in the United States due to regulatory issues. PrimeXBT’s trading contests add a fun and competitive edge to trading. By entrusting a portion of their portfolio to seasoned traders, users can potentially earn profits without the need for constant market monitoring or decision making. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. Recommended Read: PrimeXBT’s Covesting Yield Accounts. Our human support team is here to help 24/7, in your language. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. 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. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Another thing to consider while trading is protecting the positions with “take profit” and stop loss” orders. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Sciberras recommends investors keep an eye on inflation from the core personal consumption expenditures price index, or core PCE, which is the Fed’s preferred measure of inflation. Profit from the markets by following the experts. Look for platforms that have industry awards to show for their operational excellence, or that have large community followings with happy customers, and no history of hacks. Up to 100x in all cryptocurrency pairs.

Testimonial from former prime XBT Trader

However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. The platform has become popular for traders looking to access high leverage and is available in over 150 countries worldwide. Scan this code to download app. 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. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Currency trading on margin involves high risk, and is not suitable for all investors. Both platforms offer additional features worth considering. These products are not suitable for all investors. The website products and services are provided by PrimeXBT Trading Services LLC. We’re here to help make your trading experience as effective and enjoyable as possible. The first thing you need is a broker like PrimeXBT. During testing, I received fast responses with a reasonable level of detail.

What happens to the bonus if I withdraw my funds?

While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. PrimeXBT has a weak slate of trading pairs. Leverage offers several benefits, including. A margin account is a type of account that allows the trader to borrow cash from the broker in order to purchase larger amounts of an asset. You’re free to transfer or withdraw your funds anytime. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. An on chain analysis is done using data collected from blockchains. Click URL instructions: Right click on the ad, choose “Copy Link”, then paste here → This may not be possible with some types of ads. Leverage and futures contracts: some Crypto exchanges enable margin trading through Futures contracts. As mentioned above the main feature and benefit of cross margin compared to isolated margin is the ability to keep a trade open by using the account balance and realised P/L as its margin allocated, even if the market moves against it temporarily. The terminal is distinguished by its high speed operations and advanced functionalities. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This leaves Volet and Perfect Money as the alternatives. Strategy managers must have a minimum balance of 0.

Leverage and Derivative Traders: Perfect Match

Alternative deposits: TC. Up to 100x leverage available. Launched in 2018, PrimeXBT service represents a textbook example of a battle tested feature rich crypto futures trading platform with advanced tooling and unmatched security design. 1M+ community members. Twitter: aylerTBMLinkedin. Understanding the global reach of PrimeXBT is crucial for traders who wish to use the platform. Additionally, many precious metals like Gold and Silver are used as an inflation hedge and a safeguard against market volatility, as they are considered to hold value, and their prices tend to be more stable than most assets. Many of the products which were under development such as the Covesting mobile app seem to have been left unfinished for now. Trading crypto in the USA provides a regulated and stable environment, but it’s important to consider the higher costs, restrictions, and tax implications when developing your trading strategy. Additionally, maintain a healthy margin level to avoid getting liquidated. Only for verified users. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. YouTube videos show 77%. PrimeXBT does not charge a handling fee for deposits; however, third party processing fees may apply, depending on the chosen payment method. Users can easily monitor and evaluate the performance of the traders they follow, allowing them to make informed decisions about their investment strategy. It differentiates between maker and taker fees to promote market liquidity, with precise rates for various assets. To begin trading, you must first decide how much money you’re willing to put on the line and invest. We shall delve deeper, just give us a few seconds. Register and join our community with millions of traders from all around the world.

We verify companies and reviewers

Learn more about Baksta’s Legal Terms. 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. I really can’t fault with the platform for its design or useability. How could the biggest exchange of that time such as Mt. There are articles and videos on different trading topics. Despite the recent setbacks to the industry and asset prices, the cryptocurrency market continues to capture the attention of traders around the world. The best aspect of this dashboard is that it is highly customizable. Choose your currencies and amount below, and click ‘Calculate’. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. 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. Utilize the 4 level hierarchy system. I noticed some guys believe that teh trading environment is quite ophisticated here and hard for perception,but I can’t claim the same. Visit our Help Centre. The higher the number, the less the risk. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. You can also methodically track your portfolio in an intuitive manner, you can print financial reports which will come in very handy when tax season rolls around. The fees for withdrawals are as follows. 5% of users recommend this product. PrimeXBT has developed its own trading platform with advanced charting capabilities powered by TradingView. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. But, the transparency of this process raises questions. Follow the same steps to trade Forex, Commodities, or Indices. Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions. We’ve curated our list using a mix of centralized and decentralized anonymous crypto exchanges with the most up to date information at the time of writing, as many former no KYC exchanges like KuCoin, Bitget, and OKX have implemented mandatory KYC in just the last few months. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Levels to watch: The Resistance levels are 21.

Shiba Inu Whale Trades $3 5 Million in SHIB for AI Token FET Amid Market Shifts

PrimeXBT Trading Services, S. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. However, a nice looking performance graph by itself is not a reliable indicator. It also offers a decentralized app, plus a Chrome extension. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. Trading cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. I also like that the exchange fees are not so high it’s something I can pay without complaining.

Trading Bots

PrimeXBT’s trading platform has a pleasant and intuitive design and features basic tools like one click trading and alarm setting options. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. The CFD has allowed traders to not only trade Forex but a multitude of other instruments as well. We’re hiring a new Content Writer in European Union. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. Besides, it protects your password and privacy by hashing them using bcrypt with a cost factor of 12 and encrypting all other sensitive data. These promotions often include welcome bonuses for new users, percentage based bonuses on deposits, and exclusive promo codes shared via social media and newsletters. The platform was the first to introduce USDCoptions to the crypto market. The mobile platforms boast the same capabilities as the no download, web based platform that runs on platforms like PCs. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Below is an example of how leverage will work on the PrimeXBT platform. No spam, unsubscribe at any time.

Diego Sanchez

Elon Musk tweeting about DOGE has made it skyrocket from time to time, but this isn’t the same thing as adoption – which will be the most critical measure of success for Crypto. Being an international broker and working with clients from different copy trading platform countries we understand that every person is unique with his own values, no matter whether he is a trader or a partner. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. Click ‘Copy’ next to the strategy you want to copy. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. You can open an account and start trading with just your email address. 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. In order for this to work, the broker requires small collateral for the loan, which can be as low as 1% of the position size in case of a 100:1 leverage ratio. $BONE is the primary gas token of this network, and validators stake Bone to be able to run their nodes. Read next: Best exchanges to research in 2024. Best regards,The PrimeXBT Team. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. By design, the supply of the Bitcoin digital currency is capped at 21 million. For someone who’s fairly less than a year old in crypto trading, I feel that Prime XBT interface is really well designed. PrimeXBT is one of the rare brokers with two margin call thresholds 16. Buying Cardano at current prices could capitalise on a potential rise in the near future. These services are governed by the legal terms and conditions of PXBT. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership. Compared to the industry average, PrimeXBT provides an average number of currency pairs and a high number of commodities, indices, and cryptocurrencies. So if you decide to sell and make 100 percent profit on your initial investment, you could be missing out on 200, 300, or even 3,000 percent profit if you held a little longer. In the next section, we will guide you through the process of setting up a PrimeXBT account and getting started with trading. Furthermore, you can also use leverage – controlling more DOGE than you usually could – and shorting it, allowing you to profit off declines.

Country:

KYC is optional on PrimeXBT. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. PrimeXBT offers leveraged trading of up to 100x on some assets. Market Data powered by Barchart Solutions. Download the PrimeXBT App today, so you too can trade the markets anywhere, at any time, and get started with as little as $5. As an added benefit to trading commodities at PrimeXBT, you can also trade currencies, indices, and crypto markets. Customization and Charts. The fees for withdrawals are as follows. PrimeXBT PTY LTD acts as an intermediary between the investor and the market maker, which is the counterparty to the products purchased through PrimeXBT. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. The swap fees for other asset classes are determined by taking into account the market conditions as well as the intrinsic qualities of the asset. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Whether you have questions, need assistance, or want to provide feedback, the PrimeXBT support team is available to help. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. They also have ETFs, Forex, stocks, commodities and precious metals, all as CFDs. Save my name, email, and website in this browser for the next time I comment. Contact our support team via live chat. Understanding the specific regulations and reporting requirements is crucial for compliance. The lows was near the $0. It also offers a decentralized app, plus a Chrome extension. The same amount of money will be made in returns, but significantly less capital will be put at risk for a greatly amplified effect. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Can’t find what you’re looking for. When using live chat, I usually received a response within 2 minutes.

Full Name

For a complete list of restricted regions, refer to Section 1. I also tested the fiat withdrawal process, using Volet. High ratings globally. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Below are the discounts that you can earn based on the 30 day rolling trading volume. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. The leverage can not be changed, but when entering a trade, you are asked if you want to add a Take Profit or/and a Stop Loss within the trade. PrimeXBT accepts deposits via credit and debit card using third party suppliers like Coinify, Perfect Money and Volet, depending on your geo. A user friendly interface is crucial for efficient trading, and MT4’s design ensures that traders can focus on analysis and execution without being hindered by complex navigation. No matter which trading platform you prefer, you’ll only need to follow a few steps to get set up and start trading. However, diminishing negative histogram bars suggest a potential shift in momentum. Depending on your jurisdiction, some products or services might not be available. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. 1% of the required capital in order to take out that position. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. As the crypto world changes, PrimeXBT’s ability to keep up will be key to its success. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Traders worldwide trust us.