PrimeXBT Covesting Expert Interview

Digital assets, investments and trading

To purchase BTC, ETH, USDT or USDC, click ‘Buy crypto’ button on the Main page to bring up the purchase menu. Due to this, PrimeXBT temporarily suspends +50% deposit bonus campaigns until further notice. Sign up FREE to receive our extended weekly market update and coin analysis report. One of the simplest ways to take advantage of market opportunity is by copying the best traders. A bit of a heads up, though: the effect isn’t immediate; it usually takes between a year and a year and half for the halving to be priced in. Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. We’re here to help you. If you have any further questions or require assistance, please don’t hesitate to reach out to us. Balancing Act: The Trade Offs of Reduced Control. Some higher end predictions include a $12,000 price target by early 2023. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. Claim up to $7,000 in Bonus. Before making financial investment decisions, do consult your financial advisor. Coinbase so that you can decide which one best fits your needs. Below is a chart from PrimeXBT showing various metrics such as the moving average convergence divergence MACD. PrimeXBT does not charge any deposit fees. To make a direct cryptocurrency purchase on the PrimeXBT platform using your credit or debit card, all you need to do is click on the “Purchase BTC” link that appears on the deposit pop up. Polkadot is arguably among the most in demand cryptocurrencies out there. 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. Buying Crypto – allows you to buy BTC, ETH and ERC20/BEP20 tokens USDT and USDC using a Bank Card / SEPA transfers / Gift cards / Alternative Cryptocurrencies via third party exchange services. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. The majority of the altcoins lost most of their value in 2022, and the story was no different for Cardano ADA. Forex, commodity, PrimeXBT copytrading and index trades are not charged a commission at all. The copy trading feature not only saves time and effort for less experienced traders but also provides a valuable learning opportunity. This provides an excellent opportunity for both experienced successful Traders and Followers to greatly boost each other’s profit potential.

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PrimeXBT Review 2024

The withdrawal process on PrimeXBT typically takes between 24 to 48 hours. 05% for crypto trades and 0. If this does not exactly meet your taste, there are several others that could be of interest. This choppy performance makes it much more difficult to make a Dogecoin price prediction. The high leverage levels are possible because the broker is not regulated by the FCA. It ensures that your coins can be withdrawn only to your pre approved addresses. What kind of fiat currencies are accepted in a certain cryptocurrency exchange. Below is an in depth Sign up Bonus review regarding this regulated Forex company, which will assist traders to make an informed decision. Our forecasting model sees Aave price exploding and reaching $1165. 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. But the stimulus efforts put forward by the US and other nations to combat the pandemic, inflated the money supply significantly putting Bitcoin in the financial spotlight. Let’s now find the answers to all these questions in our complete review of PrimeXBT. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Users who try to start with $1,000 or less may end up losing money instead. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent. At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. Date of experience: July 28, 2019. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. In order to access actual crypto currency services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. Leveraged trading allows you to trade and profit using much larger asset amounts than with personal funds. Each position will reflect at least 3 ACTIONS in Account statement: Trade fee paid when Opening position Realized Profit/Loss incurred from a position Trade fee paid when Closing position. This is what is known as liquidation.

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Is PrimeXBT Scam or Legit Broker?

In terms of the reviews by other traders, they appear to be quite mixed. Bitcoin, however, is forecast to reach as high as $1 million to $500,00 per BTC in the future, and the predictions are made by some of the smartest minds and inventors in the world. I get this feeling, a strong feeling. PrimeXBT emphasises tailoring the trading experience to meet each user’s individual needs, offering a flexible margin system and a highly customisable user interface. Most crypto traders feel that desktop give the best conditions for their trading. Prime XBT only offers one account to serve users. The trading interface also has an inbuilt “help and tutorial section” with videos and articles that are very useful for both beginners and intermediary traders looking to sharpen their trading skills. The ability to go long and short with up to 200:1 leverage gives traders maximum flexibility to adapt to shifting market conditions. Additionally, users can access their transfer histories through individual wallets. Invite 3 friends and earn task provides the ability to claim a special Reward of $60 to any of your margin trading accounts by Inviting 3 friends. Our website uses cookies. However, In case someone does manage to get into your account anyway, your funds are also protected by the mandatory crypto address whitelisting feature. To access Charts, go to the Multi Product dropdown menu and select ‘Analysis’. When buying, you will get the Ask price; when selling, you will get the Bid price. AUD/CAD is The Australian Dollar traded against the Canadian Dollar. The withdrawal limit can can be removed by verifying your account. Also, traders can earn passive income on good conditions. Congrats, you’ve been granted an access to the exclusive Crypto 101 Handbook. For forex and commodity trading the limits are much higher and you can trade with up to 1:1000 leverage. Get the latest creative news from Bitcoinsensus.

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PrimeXBT excels when operating in the world of digital currencies. Note that you can select only 2 financial indicators of your trading account to be reflected on the ‘Financial summary bar’ at once. A number of limits apply based on what assets you’re trading. Continue checkout and complete your purchase. Upon joining a contest, you will be provided with a free pre funded contest account. The processing time for deposits varies depending on the cryptocurrency and blockchain network used. Requirements for Opening a PrimeXBT AccountTable of contentsRequirements for Opening a PrimeXBT AccountIs There a PrimeXBT Welcome Bonus. Prime XBT does not provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned. Additionally Unrealized PL shows the profit and losses the open positions have incurred. PrimeXBT offers users the opportunity to trade the Crypto market with leverage as high as 1:100.

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What can I do with PrimeXBT?

The minimum order size for Bitcoin is 0. For the conditonal order type, you can easily place your take profit and stop loss orders. Really nice platform overall, it’s good to be able to trade all the assets you are interested in all from one single place. For this sample position, we will use a regular market order to buy BTC at the current rates. The Ascent does not cover all offers on the market. We use cookies to improve your experience. There are hundreds of cryptocurrency exchanges to choose from, so how do you know the right one to choose. 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. The covesting feature allows you to replicate the trading decisions of experienced and successful traders. I have never had any problems with deposits and withdrawals and these are usually processed within 24 hours. If you received an error when placing an order or a position make sure to check the Trade activity log for possible reasons. BNB Smart Chain network BSC. You should also understand when it is you believe that it is time to take profit. Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. We also review disclosed official reports of brokers, which allow for evaluating their client base. To embark on a successful copy trading journey, it’s crucial to choose the right platform. Failing that, we’ll examine which jurisdictions PrimeXBT operates in. If you have any other additional promo codes which provide you with more favourable conditions such as a larger bonus you can activate such promo codes to overwrite the initial Welcome Bonus. Born and raised in Romania, currently living in Spain.

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Pros and Cons

An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. Polkadot has been consistently twice as expensive. This guide serves as a valuable resource for investors and traders seeking to uncover Ripple’s various price movements and projections. Forex brokers acts very much like CFD brokers, with the exception that they do not offer other instruments. Common Coinhouse and PrimeXBT Alternatives. Do you crave tech fueled guidance and social validation. The overall list just features Bitcoin, Ethereum, Tether and USD Coin at the moment, but it’s enough to get you started. With a duration of just 5 seconds, 30 seconds, and one minute, don’t kid yourself. Cointelegraph also provides real time market price charts of all leading cryptocurrencies. This feature is particularly beneficial for those who may lack trading experience or want to supplement their own strategies with insights from proven traders. Bitcoin network for BTC deposits.

Post Registration Deposit

Forex trading is the exchange of currencies. 0% for Forex, Indices, Commodities. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. A full breakdown of PrimeXBT’s financing rates and exchange charges is available under the fees section of the broker’s website. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Thus each Reward will still have its own expiration date and lifetime, aside from your currently active promo code rewards. PrimeXBT restricts its services in certain countries due to regulatory requirements and licensing considerations. The earn feature is powered by DeFi protocol Covesting, which makes it possible for users to stake their assets for attractive APYs.


The weekly chart also shows that, depending on the current situation, traders can expect a 20% or even greater movement. If you do not have have the time or experience to trade or simply do not want to trade yourself, we highly recommend check out the Covesting module. However, most analysts believe that it will continue to appreciate once the “Crypto Winter” disappears. This strategy capitalizes on anticipated market rise. It is a pity I cannot upload images of my account here in order to show you my commission. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. The charts are useful in helping traders identify up and down price trends for the assets they’re watching. To protect your account, please change your password at this link: and enable 2FA. 85 which has been a Support since November 11. A New Era for Ranked Rewards in Splinterlands. Initially used to hedge market risks by farmers and corporations, these futures markets are now just as likely to be used for speculation. In the case of financial assets, shorting is a common strategy used to benefit from the expected decline in a given market. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. © 2014 2024 SoftwareSuggest ®. These include things such as the colours, grids and spacing. However, KuCoin is still lacking beginner friendly features, like demo accounts and copy trading. Among them are the U. For those who haven’t completed any KYC, you won’t be able to access earn products and your daily withdrawal limit is 20,000 USDT. It seems from this analysis that Prime XBT could be an interesting choice for you to trade leveraged cryptocurrency instruments. PrimeXBT supports trading the major Forex pairings, crosses, and exotics. To close your Strategy, navigate to the ‘My Strategies’ page and click on the Strategy that you wish to close.


What Exactly is the Shanghai Upgrade. Claim up to $7,000 in Bonus. Bybit has quite a few earn features available, which provide traders with plenty of opportunities for passive income. Because crypto is so volatile, there are other more profitable ways to enter into the space and make money. The Cross margin, as its name suggests, is when the whole margin available on your trading account is shared across all of your open positions. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Even if I opened my position to the old Terms. During multiple test exchanges, we found chat responses to be swift, thorough, and conducted in a friendly professional manner. With trading, there is a risk of complete capital loss, but only if you fail to apply risk management strategies and day trading tools like stop loss orders. The pleasant thing about PrimeXBT is that there are no deposit fees. The majority of PrimeXBT’s assets are held in a secure, offline security system, with a limited quantity of Bitcoin held in internet connected wallets for executing trades. If that’s difficult to understand, let’s say you don’t use Google sign in or social sign in. I’ve been using the copy trading module for a while now, and it’s been a game changer for me. 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. Losing access to your email may result in you being unable to access your PrimeXBT account. Government Services: Cardano is well suited for numerous government applications due to its emphasis on security and openness. The award winning platform stands ready to be your gateway to trading excellence. Although the trading volume itself is not that large, the liquidity providers still ensure sufficient liquidity. The dynamic margin system has also proved popular. Dogecoin launched in December of 2013, created by Jackson Palmer and Billy Markus.

On Demand

It provides an opportunity for a beginner to trade risk free and try out trading strategies. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. Growing to over 870,000 Youtube subscribers, the content has been shared around the world, played in public conferences and universities, and even in Congress. Yes, there are terms and conditions that apply to the sign up bonus on Prime XBT. Receive the latest news and stay informed. Fundamental analysis also is less valuable in day trading, due to how short positions are typically taken. Traders can enjoy trading via margin with zero commissions. A trader would open a short position when price touches the bearish resistance line. This can be done quite easily through the account management options in the “security settings”. To claim your gift, all you have to do is click here and the bonus will be automatically applied. An easy way of understanding leverage trading is to think of it as being able to open a position worth more money than the initial margin you are risking to open the position. Trading can also profit from phases where the market moves sideways, and crypto asset prices simply move very little. Make sure to additionally review our special guide about Account verification. This includes margin trading which incorporates leveraging. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Org meets these criteria. Select the BRENT market and click the “Buy” button.

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Unrealised P/L is derived from Bid prices for Longs and Ask prices for Shorts. This isn’t unusual for crypto trading platforms, which do not have to undergo the same security checks as traditional trading brokers. Fed up with the mismanagement of money and the current monetary system, Satoshi Nakamoto sought out to develop a form of virtual currency that included cryptography, a layer of anonymity, didn’t require a central authority to validate transactions, and shared many of the same attributes with gold. Set up stop loss orders to manage the volume of potential losses and unfollow unprofitable deals once they start suffering too excessive losses. 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. ” That’s a bold claim to state about PrimeXBT, but we are confident the statement holds true, as we will explain. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. Definitely enough for the casual crypto investor. PrimeXBT has a watchlist you can easily customize and populate with the trading pairs of your choice. Understanding margin is one of the most complex things for trades, so don’t worry if you didn’t get its specifics at first. 47% in the last 24 hours. It only accepts crypto transfers but barely offers any crypto trading choices. Systematic risk is inherent to the entire market, which means it can’t be reduced through diversification. In contrast, disbelief causes mistiming markets by waiting for “confirmation” rallies are sustaining. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Notably, LINK operates as an ERC 20 token, ensuring compatibility with various currencies and smart contracts supported by the Ethereum platform. Compulsory address whitelisting can also prevent any unauthorized access leading to an account being drained. Confirming the activation of a second campaign of the same type will automatically REMOVE the previous campaign and any associated active bonuses and/or Rewards.

Exclusive Crypto Deal List of 2023

Residency IP logged email confirmation. However, if you are a regular user of limit orders, then check out our Bybit review. Comments:Very good for newbies like myself. Receive the latest news and stay informed. Click on the menu icon in the top right corner of your account and click ‘Chat’ in the dropdown menu. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Just look at that long list of instruments, you can trade beyond the cryptocurrencies. These are hosted on AWS web servers which are known to be one of the best in the industry. Part of the reason why we ask questions like, ‘Is ByBit legit. Followed traders on a copy trading platform are basically signal providers, with the main difference being that their signals are automatically opened on the accounts of their followers. To activate your 25% deposit bonus. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. This is further backed up by the fact that previous spikes in the early years of Bitcoin were also viewed in hindsight by investors as the chance they missed. The simulator account allows users to test the brand’s suite of tools and assets without risking real funds. 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. For USDT, USDC and COV the withdrawal fees vary depending on the network used. It boasts a $545,000,000 daily trading volume that involves 80+ trading assets. Here’s a look at the pros and cons of using this feature. Yes, our 4 level Referral program allows you to invite friends, family and others to try out the platform by sharing your personal referral link. Users can contact customer support by email at. While there has been a major relief rally in early 2023 and we are now seeing the average price increasing towards the end of the year, there are still questions as to whether the current price can hold, as the are so many investors that have doubt. Click on the menu icon in the top right corner of your account and click ‘Chat’ in the dropdown menu. Positions closed before the start of a new trading day 00:00 UTC will not be charged at all. By clicking on the “Trade” button in front of the pair wish to trade, you open a chart dispaying the price of the crypto pair of your choice. 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. FTX bankruptcy Chapter 11 9:14 PM. PrimeXBT also charges overnight finance fees for holding a position open overnight, but this varies from trading pair to pair. We have created a list of bitcoin exchanges where you can buy Bitcoin.

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Users also have access to the Help Center, which features a comprehensive FAQ section. 05% trading fee is 4 times lower, comparing to 0. Ethereum network ERC 20. These features can be enabled in your account Settings. We allow traders to decide how much of total available margin they want to use by simply controlling the position size. When selecting copy traders, favour those who have been actively trading on the platform for extensive periods of time. Do you seek stoic stability and individual connections. PrimeXBT offers custom/adjustable leverage. These products are not suitable for all investors. Especially if you are engaging in leveraged trading for the first time, it’s important to remember that you are in no way obliged to make use of the maximum amount available with most trading platforms. Thank you for choosing PrimeXBT. PrimeXBT offers an award winning crypto futures platform that supports copy trading. This online Cryptocurrency Exchanges system offers Cryptocurrency Exchanges at one p. Top website in the world when it comes to all things investing. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. PrimeXBT does not require KYC Know Your Customer verification for its users. Thanks for your feedback, PrimeXBT appreciates your opinion. Let’s say you want to deposit BTC. PrimeXBT also allows users to trade with leverage.