What is Leverage in Trading? A 2025 Beginner’s Guide to Amplify Your Trades

Also you can trade more than a 100 assets and their spread is as low as 0. 12 milliseconds on average. There are no comments for this story. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. However, there’s a demo version for new users who are unsure about using the exchange. These tools help traders make informed decisions and manage their positions effectively. Best of luck with your ongoing trade—let’s indeed make the most of these opportunities. Fees which traders should take into consideration are. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. It provides access to CFD and Forex trading, as well as cryptocurrency trading. KYC measures may include identifying customers, to ensure that only authorised people are allowed to use the account, and funds and anti money laundering AML inquiries, to ensure that the funds being used are being deposited and withdrawn to a legitimate sources. I also observed the safe and quick process of payments, so it makes clear that this broker can be trusted ????????I`m not talking about trading conditions, it depends on the trader`s perspective????. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. However, there’s a demo version for new users who are unsure about using the exchange. Companies can ask for reviews via automatic invitations. Let’s check the similarities and differences of each of them.

PrimeXBT Review

PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. Covesting fees can change based on the strategy manager’s discretion or updates to the PrimeXBT platform’s fee structure. PrimeXBT does not offer any real stocks for value investing. Resource 20 IndexFinancial and Ind. It offers up to x200 leverage, a user friendly interface, and is complemented by the copy trading service offered by the company. Educational resources are also available to help users improve their trading skills. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. Users can also customize the indicators in terms of the time frame and other important inputs. If Bitcoin drops $100, the value of the account drops the same. However, the absence of custom price alerts was a notable drawback. This process ensures compliance with anti money laundering AML and counter terrorism financing CTF laws, aiming to reduce risks like money laundering and fraud. Learn more in our Cookie Policy. For comparison, the average Bitcoin spread in the industry is around $34. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. It’s advisable to review this regularly as fees may change. At current rates of EUR/USD at 1. Always consider using lower leverage to manage risk effectively. Long term gains over a year are taxed at 0%, 15%, or 20%, while short term gains are taxed as ordinary income. Here is a snapshot of PrimeXBT spreads during the London New York crossover session, where traders get the tightest spreads. While they have an office opened in St Vincent and The Grenadines, they have also have moved their trading infrastructure to a crypto friendly country of Switzerland. Note ✍️: There are also financing fees on PrimeXBT which are dynamic. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them.

PrimeXBT App: Ultimate Trading Companion

An example of how this fee is accrued: You trade BTC/USDT futures 1 contract at a price of 69,000. If you ever have questions or need assistance, don’t hesitate to reach out to us at. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. It’s standard practice to request transaction verification and complete KYC to comply with regulatory requirements, especially when processing withdrawals. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. Once users have set up their funds, they can deposit it into their accounts. They’ve realized that lower fees mean happier customers and more trading volume on their platform. Regulated by the authorities in Cyprus. SourceForge ranks the best alternatives to PrimeXBT in 2025. The broker publishes regular market news, weekly outlooks, and general market breakdowns. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. 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. Those “black swan” events are almost impossible to predict and can cause large damages to a trading account. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. Since its inception in 2018, PrimeXBT brand has grown exponentially to offer its services to over a million traders in more than 150 countries around the world. Dear Nano,Thank you so much for your kind words. Historically speaking, Cardano has participated in the bubbles that crypto has had, but also takes a serious beating when those bubbles pop. PrimeXBT and BitMEX have distinct fee models that cater to different trading activities. Users can trade with confidence knowing that their transactions have been thoroughly vetted and verified. Attend exclusive PrimeXBT events, network with other clients and learn new skills. The withdrawal process on PrimeXBT is straightforward, but understanding the associated costs is crucial for effective fund management. My deposit was credited after 20 network confirmations, which took a few minutes.

Fees and conditions on CFDsFees and conditions on CFDs

Hybrid exchanges combine the features of both centralized and decentralized platforms. Click the “Sell” button, and then click the “Send Order” button to execute the trade. It works like the stock markets, in the sense that there is a spread in prices between what buyers and sellers are willing to transact. Luckily the customer support appeared to quite professional to help me withdraw my previous earnings and close my trading account since it can no longer be available from my current place of residence. In fast moving markets, prices can momentarily hit the sell stop order in price and then rebound in the intended direction. We may receive a commission for purchases made through these links. PrimeXBT offers free deposits, which is a significant advantage for traders. Make sure that you practice adequate risk management. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. PrimeXBT is also a member of the Financial Commission. Another notable case is BitMEX, a crypto derivatives exchange that was charged by the U. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. For carrying a position overnight. Open the downloaded file and tap Install to complete the installation. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders.

Is Cryptocurrency a good investment?

Last but not least, my favorite part about Prime XBT is its well designed platform that is super user friendly. When trading Contracts for Difference CFDs, positions can be opened for a fraction of their value because of leverage. 8k, shooting above 100k to a peak of 103. They just connect to the internet when in use. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Specifically, new users can receive a $100 bonus by depositing at least $500 and completing their account verification. Finally, it’s time to place your trade. Data whispers, features shout, but it’s the soul of a platform that truly resonates with a trader. Past Performance and Materials: Past performance is not a reliable indicator of future results. You can control up to 100x your account size with a 100:1 leverage ratio, which allows you to profit even from very small movements in the price of Bitcoin. The minimum withdrawal amounts on PrimeXBT vary by cryptocurrency and fiat method. Learn more about Baksta’s Legal Terms. Dan is writer, translator, marketing strategist, musician, and fitness enthusiast with one thing on his mind: crypto. Brand operating since. Date of experience: November 17, 2024. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. To learn more about Polkadot ICO click here. Placing trades on PrimeXBT is simple, with an easy to use order form. However, depositing fiat currency requires KYC verification. With a user friendly interface and powerful features like biometric authentication, managing your trades is as easy as using your favorite social media app. I opened this long position with a tight stop loss. PrimeXBT has published over 350 educational articles on its website, which are free to access. Any charges or fees you pay would be subtracted from the total profit or loss from a trade.

UNLIMITED

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Some products and/or services might not be covered by the Compensation Fund. Still finding PrimeXBT too complicated. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. The benefit to the Crypto signal providers, is that they either get followers that they can market their paid signals to, or they are affiliated with a broker that they can recommend to the people using their free Crypto signals. Event Promotion Terms and Conditions. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Goguen featured the addition of smart contracts. Swing trading is a short term to medium term trading style. The effort of sifting through and finding the right one can be a daunting task. Below is a table of the current Maximum exchange amount per transaction and Daily exchange limit for each separate pair/direction reflected in the base currency. This website is owned by PrimeXBT PTY LTD. ALternatively, you can choose a cross margin with this broker and it means that all funds available in your margin account shall be used to prevent liquidation of any other open trade. It comes equipped with a range of technical tools, including over 50 indicators, advanced charting features and tools, and multiple screen support, aiming to cater to various trading strategies. With over 40 supported cryptos, the exchange offers competitive fees and practical trading tools. To get one of these bonuses, all you have to do is activate one of our exclusive promo codes. Some links are affiliate links, earning us a commission without extra cost for you. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. These products are not suitable for all investors. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT respects user privacy and confidentiality in accordance with its policies and regulatory standards.

Investing: Not Recommended

We strive to provide content that enriches our traders’ knowledge and enhances their trading strategies. This chart represents PrimeXBT Crypto Futures trading platform service health over the last 24 hours, with data points collected every 15 minutes based on issue reports, page visits, and signal strength. The first solution involves idle crypto asset staking. There’s a free mobile app for iPhone and Android, and users can stay connected anywhere in the world at any time. Forex: PrimeXBT supports trading all the major Forex pairs, crosses, and exotics. It was among the best performers during that particular cycle. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. Low trading costs and 0 fees. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. I also tested the fiat withdrawal process, using Volet. Get in touch with our team now. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Over the years, we’ve tracked and logged service outages and problemsreported on the official PrimeXBT Status Page. If you are looking for ways to profit without investing and trading, make sure to check out our 4 level Affiliate program. We have seen this happen during year end rallies over the past few years. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT’s copy trading technology lets you mirror the strategies and benefit from the results of the platform’s most skilled crypto market professionals. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. The required margin for this trade will be.

We fight fake reviews

Additionally, withdrawals to a bank card come with a hefty 5% fee. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. PrimeXBT serves as a versatile trading platform facilitating cryptocurrency trading. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. 2 of PrimeXBT’s Terms and Conditions. The 20% Deposit Bonus applies to any deposits you make during the promo period, until you’ve claimed a total of $1,000 in bonuses. This minimized my losses and still only cost 0. Effective risk management is essential for protecting your capital and achieving long term profitability with short selling on PrimeXBT. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. No more fomo or other psychological rollercoasters needed. They drive its adoption beyond trading. As crypto rose, Solana. Our website uses cookies.

Diego Sanchez

Behind every content piece, there is an Expert. Soon, it increased to $1000, before entering its first extended bear market. This comes roughly a month after the platform’s monumental merge update. These codes often provide benefits such as deposit bonuses or fee discounts. If you have any further questions or need assistance with other features or upcoming contests, please feel free to reach out to us at. We’ll delve deeper into these implications in the next section. Short positions with allows you to profit from a Cryptocurrency’s price decline. The WEMIX Foundation has unveiled ‘una Wallet,’ a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. Receive the latest news and stay informed. Best regards,The PrimeXBT Team. Because of the volatility of the cryptocurrency market, it is essential to carefully assess the project’s fundamentals, its market trends and dynamics, and real world adoption. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. 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. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. But my biggest peeve is the spread. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. No, users can register an account on PrimeXBT without going through a KYC process. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. Customers can deposit fiat via these methods. The cryptocurrency has experienced both dramatic surges and substantial declines, influenced by various factors within the crypto market and the broader financial landscape. What does the future of Litecoin look like.

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Users must register before making a deposit to trade on the PrimeXBT platform. The smallest unit of Bitcoin is called Satoshi which has a worth of 100 millionth of a Bitcoin. After all, we have seen massive swings in crypto, both higher and lower, and one would have to assume that it is still very possible. Research must be done on market expectations for your expected catalyst. Seek independent advice if you have questions or do not fully understand the risks. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. The absence of major incidents and negative feedback speaks in favor of the exchange’s serious approach to the security of user funds and data. Technical analysis is recommended when opening new positions, but it can also come in handy in enabling a trader to decide how they will react during certain price movements. However, the lack of fundamental value, regulatory risks, market turbulence, and competition from other cryptocurrencies significantly challenge Dogecoin’s future growth.

Exclusive Crypto Deal List of 2023

8% in the last 24 hours. Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. Though founded and registered in Seychelles, with offices in St. This section will provide detailed instructions on how to restore your data and settings effectively. By lending your coins out you are not only receiving the interest from doing so, but you can also set terms that see you accumulating the gains that come with the appreciation of the price of the certain cryptocurrency. A very common way to enter a short selling position is to wait for a pullback into a commonly followed moving average. 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. When enabling 2FA on your account, you will receive a 16 digit backup code. When it comes to investing or spot trading alone, the only way to trade is through buying or selling assets on an exchange. The file is verified secure by PrimeXBT. As a result, I found that PrimeXBT’s educational content lacks coherence, structure, and objectivity. Users can transfer cryptocurrencies directly from their personal crypto wallets to their PrimeXBT Wallets. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. However, there are certain jurisdictions where our services are restricted. Additionally, users can trade Crypto perpetual contracts via the Crypto Futures interface.

Worse

Market sentiment reversed towards XRP and many gained new confidence investing with this digital asset, despite the upwards spike was not as global as expected. Trading never sleeps, and neither does PrimeXBT’s support team. Prime XBT also supports a number of transaction services such as. The service is easy to use and the learning curve is not steep. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. Only an extremely small portion of digital assets are ever held on hot storage for the highest level of protection. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. For crypto traders who want to access Earn products and copy trading, and for serious crypto traders, then Bybit is the superior platform. Once confirmed, a withdrawal cannot be canceled. In the result of our compliance team or any PrimeXBT team member discovering a user has provided misleading information about his or her residency, the user will immediately have their trading account restricted. A trade on the GBP/USD CFD contract has a margin requirement of 0. Regulatory compliance:First, check if the platform is regulated by relevant U. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Trading Cryptocurrency is safe so long as the platform you have selected to trade on is safe and secure, and you understand all the risk associated with Cryptocurrency trading. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Trade Crypto Futures Contracts incl. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.