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

A futures contract is between two parties, the buyer and the seller. Starting in early 2019, PrimeXBT has expanded its ground to opening St. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. You can view trading histories and visualization tools, making it an excellent choice for traders at any skill level. Sign up using our link below to receive $100 Welcome Deposit Bonus. Social trading adds the human component to the entire process and allows traders to make decisions based on their findings. This comes roughly a month after the platform’s monumental merge update.

What are the Pros and Cons of Margin Trading Cryptocurrency?

Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. Crypto is a very volatile asset class under the best of circumstances, but Ethereum is the second largest coin by market cap, with Solana being the ninth largest. Active users across the world. Click ‘Verify Account’. PrimeXBt certainly has several advantagesFor example, I can deposit my account through Metamask crypto wallet Tbh, this is the most important thing I wanted to write in my PrimeXBT review. Here, a minimum deposit of $10 USD is required. If you receive a margin call, you have the choice of either depositing more money in your account or selling investments to maintain the account value that acts as collateral for the loan you have taken out. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. Attend exclusive PrimeXBT events, network with other clients and learn new skills. This section will discuss the impact of PrimeXBT’s location and regulatory environment on traders, including account verification, transaction limits, and the availability of trading instruments. It also enables profits in both directions of the market, rather than only being able to generate returns when asset prices are rising. From there, traders can develop a trading strategy and plan to manage against risk before making an entry into a position. We will delve into these aspects in the subsequent sections. Trade directly in your web browser, no download needed. 🌲 Sustainability PracticesSustainable Sourcing: Appeal to conscious consumers. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. These types allow traders to control the price at which they enter or exit a trade. This is not something that we have seen on other charting packages developed by an exchange. Returns or profits may be subject to capital gains tax. Already have an account. In the next section, we will provide a detailed guide to the identification documents required for the KYC process. There’s no real data on investor losses , our impression is that it’s about 90% on average. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. You buy cryptocurrency from an exchange. 🌍 PrimeXBT restricts services to specific countries, ensuring compliance with IP checks and residency confirmation during registration. Remember, terms and conditions apply to these promotions. Picture yourself riding the waves of success, as your earnings multiply with every well timed trade. PrimeXBT has experienced significant growth in its user base since its inception.

Where is PrimeXBT based?

You can also download specific tax reports based on your location including IRS, ATO, HMRC, and CRA reports and many more. The process is straightforward once you get the hang of it. You can open an account and start trading with just your email address. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. Today 8 January 2025 Ethereum ETH/USD is trading at $3371. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. This has highlighted the switch of drivers for the market, as institutions are much more likely to invest in bonds or even US dollars when there is uncertainty. You can keep a position open as long as you have sufficient margin to maintain it, unless it is a futures contract with an expiration date. By staking DOT tokens, you contribute to network security and consensus, and in return, you receive staking rewards. As you probably already know, the Cryptocurrency market moves frequently and rapidly. Seek independent advice if you have questions or do not fully understand the risks. This method effectively measures the capability of customer support to assist both active traders and casual investors. The ask is always higher than the bid. If one is good at one thing, then another comes PrimeXBT canlı ticaretin avantajları out good for the other thing. Paste the address into your personal wallet to send the Crypto. The UI/UX for both platforms is great, and both platforms have highly rated apps, with the PrimeXBT app even winning an award for best crypto trading app. They are popular because they prioritize privacy and speed, letting you trade right after registration. This section will discuss the risks associated with leverage on PrimeXBT and provide strategies for managing these risks effectively. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. We personally contact support using all available methods and present hypothetical problems that users might face. On PrimeXBT, there are several types of bonuses available to users, each designed to enhance the trading experience by providing additional benefits. Dear Dalil,Thank you for sharing your trading experience. There are also exclusive promotion periods and additional rewards for some of the top traders. Aside from their advanced crypto trading tools, they also offer other types of trading as well.

How to short on PrimeXBT?

Copy trading is only a tiny slice of theaction available at PrimeXBT, which is a cryptocurrency based margin tradingplatform at its core. $20,000 or equivalent for unverified users. Prime XBT Blog Has Moved To — primexbt. This can allow you to take advantage of multiple scenarios and help mitigate risk at different price levels. 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. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. Information regarding past performance is not a reliable indicator of future performance. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. This makes it a quick and easy forex and crypto broker to get started with. To redeem a coupon code on primexbt. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. Last but not least, my favorite part about Prime XBT is its well designed platform that is super user friendly. No, currently you have to make a deposit to get a bonus. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. The hype will eventually die down, the uptrend will be exhausted, and a price correction will follow shortly after. Setting two levels, one at the top of the range and one at the bottom, can increase your potential opportunity and help you manage your risk more effectively. In addition to the flat trading fee, traders should also be aware of any potential hidden costs that might arise. When we used PrimeXBT, we were reassured to see that the brokerage offers a demo account through its Contests. This is something that you can get in your account management page under the “referral” section. After entering the code, select your country of residence from the drop down list. Our team is working diligently to resolve the issue.

Ethereum price prediction: Third party data round up

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. Regular maintenance helps keep the platform running smoothly, enhances security, and ensures that users can continue trading without disruptions. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. Dear Amir, We’re glad to hear that our educational content has been helpful to you. This would be a continuation of the action that we have seen every other time a “crypto winter” has taken place. We would suggest you use the web app as the first port of call and leave the mobile app for monitoring open positions and having to perform on the go trade maintenance. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Registering a copy trading account with PrimeXBT2. As a general rule, the old expression “slow and steady wins the race” applies here, just as in traditional trading. By solving critical issues like high gas fees and slow transaction speeds, Polygon plays a vital role in making blockchain applications more efficient and accessible. As mentioned, you can also trade forex, commodities, and stock indices. Wondering how PrimeXBT works. Being aware of these fees helps in planning your withdrawals to minimize costs. Pay close attention to how long the strategy has been running. Allowing others to copy your trades while earning a cut of their profit is a good way to earn extra for very little extra work. Stop losses should also be used in the calculation of your maximum position size for a trade. US listed securities trading is offered by Open to the Public Investing, Inc. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Developers have found a new use case for blockchain technology, and now, the market is filled with protocols with unique applications. Here’s a summary of the withdrawal fees for some popular coins. It’s possible, but it will probably not have a massive future. These are essentially the same thing, and buying Bitcoin Futures is the same as buying a bitcoin futures contract. If you’re trading Bitcoins through an exchange, you need to set up a secure storage method for your shiny new coins. You can also sort markets by name and 24 hour change. Note, the program is exclusive to PrimeXBT accounts. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. The top 5 crypto copy trading platforms are Finestel, Bybit, PrimeXBT, 3Commas, and Coinmatics. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome.

Disclaimer

PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. 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. Fees can include trading commissions, spread costs, overnight financing charges, and inactivity fees, depending on the platform and asset. The platform boasts a user friendly interface with low fees, advanced trading tools, and a streamlined registration procedure. The platform’s main office serves as the central hub for its administrative, regulatory, and operational activities. Trading Education, which is bullish on XRP’s long term future growth, likens the platform to a Visa competitor by the end of the decade. We have seen it operate as a platform for decentralised apps and we know it is building to a place that the world is heading. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Thanks to its unique features, competitive trading environment, and extensive support, PrimeXBT is an ideal option for traders who want to participate in a variety of markets. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Separately, under its covesting module, PrimeXBT offers a “staking” option but it is NOT interest earning. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. I will post pictures of the emails to prove the responses.

Khalid m

PrimeXBT is a cryptocurrency and forex broker established in 2018. It’s great to know you’ve had a seamless experience with your crypto payments. Support and resistance levels can either be horizontal, or diagonal. Currency trading on margin involves high risk, and is not suitable for all investors. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. This example underscores the importance of. Throughout my testing, the app performed smoothly without any bugs or glitches. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Some products and/or services might not be covered by the Compensation Fund. These fees apply for positions held open overnight. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Keep reading to find out where to find free Crypto signals, and a list of the 25 most popular signal providers. Traders don’t need to go through KYC or AML checks on their platform. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. In fact, short selling is even riskier because you are borrowing cryptocurrencies to fulfil your trade. 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. With low fees starting at just 0. It’s become so profitable, some traders have started taking less positions and have let their commissions become their main source of income. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. During testing, I received fast responses with a reasonable level of detail. Date of experience: August 21, 2024. PrimeXBT is a trading platform that offers Forex trading with high leverage, advanced tools, and a user friendly interface, catering to both novice and experienced traders. However, depositing fiat currency requires KYC verification. Date of experience: November 14, 2024.

Start Copying Now!

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. You want to add to your winners and to cut your losers short. This duration accounts for the necessary security checks and processing time. Lastly but importantly incase you didn’t know, Bitmex is under investigation by the CFTC suspected of trading against its clients by weaponizing its supposed ‘server overloads’ and technical issues to profit from its clients’ losses. However, any withdrawal requested after 12:00 UTC will be processed on the following day. This development is expected to bring enhanced liquidity, stability, and investor confidence, not only benefiting Ethereum but also positively impacting other altcoins. The fees on PrimeXBT can be categorized into several types, including trading fees, overnight financing fees, and withdrawal fees. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. The reason for the 2020 21 Dogecoin surge in value, was largely due to social media attention, celebrity endorsements, and speculative trading by the public that had been introduced to the Crypto through its extensive media coverage. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. In conclusion, PrimeXBT offers a powerful and efficient API tailored to suit the needs of various traders and developers. We’re breaking down exactly what the all new Android app has to offer the masses. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. My experience with PrimeXBT’s customer support was mixed.

Worse

PrimeXBT is kicking off the New Year by giving back to its loyal user base after another year of platform innovations and award winning service. With PrimeXBT, withdrawing your cryptocurrency directly to your wallet is simple. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. Users can also click on any of the included wallets protected by bank grade security to make a deposit or a withdrawal to and from the account. To start, log into your PrimeXBT account. Exchange your Crypto for Fiat currency and withdraw it to your bank account. Switching markets and searching trading pairs on PrimeXBT is straightforward. PrimeXBT charges trading fees, overnight fees, and withdrawal fees. Additionally, PrimeXBT provides a thorough Help Center with a vast array of articles and frequently asked questions on their website. Glad I have a place to trade any crypto now, no strings, just trading, ty. In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks DDoS. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. With the app in hand, you can trade global markets seamlessly, including cryptocurrencies, stock indices, commodities, and forex, all from the convenience of your mobile device. Imagine a world where blockchain transactions happen instantly and without breaking the bank. I see advantages of futures trading. Yes, each promo campaign comes with its own set of rules and conditions. Virtual Assets are high risk products, highly volatile, with fluctuating values. Understanding this will help traders navigate the platform more effectively and ensure compliance with local regulations. On the other hand, there’s a flat 0. 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 Trading Services, S. Providing financial education to those who need it most has always been a passion of mine.

Contents

How volatile a market is affects how quickly the price of assets can change, so be prepared. Link and banner advertisements. 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. Traders can arrange charts, watchlists, and other elements to suit their trading style, making the PrimeXBT app a flexible tool for various trading strategies. After all, it has a long roadmap, and much development is happening behind the scenes. They include information such as how to place trades, set up stop losses and protection orders, funding your account and safely using leverage. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. These products are not suitable for all investors. A continuation of the bullish trend could bring 110k, the round number, into play. Anyone can scroll through a list and copy the traders with 90% win rates in the current month. This is also more appropriate for experienced traders that can monitor and analyse the market effectively. Shiba Inu is a purely speculative investment; you should not put a ton of your money into it. Read next: What are the best crypto trading bots. Select Verify Account. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. The company believes that crypto should be accessible to everyone, and to fulfill its mission, they need to ensure industry leading security and constant transparency through internal and external audits. Tyler and Cameron Winkelvoss, founders behind the crypto exchange Gemini and co creators of Facebook, have predicted a “Crypto Winter” for the near term. Scan the QR code with your device’s camera and get APK file. In this review, we will provide a detailed analysis of PrimeXBT’s core products: crypto futures, CFDs Contracts for Difference, and copy trading. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. 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. 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. Three separate bugs were found during testing of the hard fork in June.