10 Best Practices For Participate in PrimeXBT Contests


Traders can manage positions utilizing the stop loss and take profit options. As well as this, all contracts are displayed on the chart itself, with arrows indicating the direction of each trade, and the end of the contract duration. Once you’ve done this, you’ll be able to find all the information you need about your crypto capital gains, losses, income, and expenses under your tax summary. Those who struggle with the financing costs generally haven’t traded well, to begin with. PrimeXBT also provides you with several metrics to make your trading experience easier. The latter will not apply if you enter and exit the position within the day. Using these calculations, a $10,000 Bitcoin trade that is now worth $1 million advances 20%. Please read our risk warning here. I am personally 100% sure they hale algos to make it impossible to make a profit. 35% Deposit Welcome Bonus – Offer is about to expire, get it now: Sign Up Here. The copy trading features allow traders to set up and manage a strategy and/or follow another trader’s strategy. Any coin built on Ethereum relies on ETH in some way, making the price per ETH rise exponentially recently. Reducing risk during a crypto winter is alwaysa wise choice. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated https://primexbtonlineth.com/ in Lithuania with Registration No. I enjoyed that they included a YouTube video describing how the website operates to assist me in getting started. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them.

11 Things Twitter Wants Yout To Forget About Participate in PrimeXBT Contests

PrimeXBT Community Platforms

Dear Dan,We appreciate your feedback. We are glad to hear that our customer support team figured out all the issues, PrimeXBT works hard for you. Think of it like having multiple locks on your front door to keep out any unwanted guests. Also, the user’s accounts are protected by industry leading security protocols. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. This could pave the way for more regulatory clarity and broader adoption of other Cryptocurrencies. Receive the latest news and stay informed. However, the excitement surrounding spot bitcoin ETFs quickly faded. Readers should do their own research. 📊 Standout Features: PrimeXBT offers proprietary copy trading, allowing beginners to follow successful traders’ strategies. For crypto traders who are serious about their privacy and want a secure VPN to buy crypto, it’s hard to beat Mullvad. The company accepts only the following participants. Here’s just a sample of some of the industry experts who believe that Ethereum price will go up. Thank you for choosing PrimeXBT. Bitcoin was created by the mysterious Satoshi Nakamoto to be the first peer to peer electronic cash system. It is a type of conditional order that allows you to ‘connect’ two orders. It’s cool and has the necessary tools for successful trades, not too much but okay. Scan this code to download app. To view or add a comment, sign in. 01 BTC should ever be put at risk. Trading Bitcoin can be very lucrative if you get the foundations right and learn how to manage the risks. Brief Price History: Binance Coin first traded at under $1, but at the peak of the bull market in 2017 reached $16 per BNB. Follow the same steps to trade Forex, Commodities, or Indices.

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PrimeXBT empowers traders to go long or short with leverage. 35% Deposit Welcome Bonus – Offer is about to expire, get it now: Sign Up Here. Receive the latest news and stay informed. Instead, those looking for better luck on their investments can try PrimeXBT, where users can trade CFDs on traditional assets like Oil, Gold, Silver, and Stock Indices, alongside Crypto assets like Bitcoin, Ethereum, Ripple, EOS, and Litecoin. These contests provide an exciting opportunity for traders to test their strategies in a risk free environment using demo funds. We realize that margin trading requires a fair amount of skill and there’s plenty of risk involved, but as long as you understand this and budget carefully, there’s no reason why you can’t enjoy everything PrimeXBT has to offer. Part of the reason that trading is so profitable is because Bitcoin, as an example of a cryptocurrency, is very volatile and thus the price can fluctuate up and down a lot in a single day. Forex Trader to Follow on InstagramForex Traders to Follow on YoutubeForex Traders to Follow. So, you choose to sell BTC at $60,000 for a total short position of $600,000 in value. Prime Technology Ltd is PrimeXBT’s Technology Provider. You can find all of this information right here at Crypto Parrot. Its three star rating and 485 active days demonstrate a credible track record in navigating the fluctuating crypto market. It also might be beneficial to practise in a demo account to gain experience in applying the advice of different trading signals services. The best platforms also offer discounts on fees to the most loyal users. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No.

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This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. Getting a margin call is one of the more demoralizing things a trader can face. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 2024 00343, having its registered office address at PKF Corporate Services Ltd. To be a success at Day Trading requires you to master a number of different strategies, be very in tune with your chosen market, and to have some luck go your way. The copy trading module on PrimeXBT is extremely user friendly, filled with a wide range of information about potential individuals and bots to copy from. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. While initially believing that inflation was “transitory”, the labor market in the United States has shown that companies are still hiring hand over fist, which drives up demand and therefore inflation threats linger. Copyright © 2020 by Norbrook Equity Partners. At PrimeXBT, we uphold the highest standards in the financial industry, dedicated to providing traders with optimal conditions and opportunities. Centralized exchanges like MEXC, ByBit, and CoinEx will let you buy Bitcoin with no verification, or you could trade another cryptocurrency for Bitcoin on a decentralized exchange or P2P trading platform. If the price is coming down to a pivot point, it could act as support. Typically, you’ll receive a unique referral link to share. At some brokerages, investors may be held liable if outstanding balances aren’t paid up and settled.

Long Term Chainlink Forecast

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. To see how this works it’s best to dive into the details of perpetual futures contracts, so here’s an example from PrimeXBT. Your tax office may also be able to request personal data from your bank. Unfortunately, PrimeXBT is not a regulated broker. See the latest updates from across the crypto universe. 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. This is better than the other futures exchanges such as BitMEX for example. While money management is a more prominent topic involving the amount of money you are risking per trade, etc. Once your documents are verified, you can deposit funds and start trading. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. 001 BTC, and you can start trading right away. Johnson joined the Traders Union team. Not everyone has an answer for what Bitcoin does and why it moves when it does, but with some research you can start to understand a little more what impacts it. Crypto market analysts and speculators also regularly come up with targets for Cardano’s price. NordVPN is our 1 pick. While this might frustrate some traders, it must be recognized that PrimeXBT is designed to serve a huge range of individuals, so caution is a top priority. First, we must note that many crypto futures, and the example we’re using here, are perpetual futures—meaning that they never expire. By utilizing Bitfury’s Crystal, PrimeXBT can effectively spot and quarantine any cryptocurrencies tied to bad actors such as hackers or terrorists, or that were involved in a crime such as money laundering. For starters, Stellar network enables people to create representations of currency and handle transactions. In addition, traders may be subjected to currency conversion fees should they transfer fees to a currency that is different from their account base currency. The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset. Everytime you run out of margin, it cancels all open positions for your safety but immediately opens multiple positions in the opposite directions till margin is used up then closes them again due to margin call. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Offering a wide range of crypto pairs and margin options is part of our commitment to providing a diverse and dynamic trading environment.

What is the user base of PrimeXBT?

REGULATION and HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. You then multiply 60 points by two CFDs to get a profit of $1200. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Techopedia’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. With inflation cooling, demand for inflation hedges such as Bitcoin is easing. Huge gratitude flies to him, really. No other currencies can be used to fund an account, but a trader can buy bitcoin using a credit or debit card through PrimeXBT’s partner CEX, a widget that will pop up when a person wants to deposit funds into his account and help him purchase BTC. Traders rely on quick and adequate response when they need it. The way these bands work is that assets often tag the upper band when passing through the middle BB from the downside, and vice versa. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The exchange was established in 2019 and lets investors trade more than 330 cryptocurrencies, including with leverage. The chart below shows the financing per day on both long and short positions. This is in addition to our existing high levels of safety, including using the latest security protocols to protect client funds and data. In comparison, the technical analysis of WalletInvestor shows a more challenging picture for XLM in 2024. In terms of features, the mobile app gives you access to its copy trading, coin exchange, and margin trading, however, the ability to participate in contests is not supported. Let it be known that options trading is more like gambling. PrimeXBT has access to over 12 liquidity providers and has an average daily trading volume of around 1 billion at the time of writing and is used by a few million users located around the world. We’ve been monitoring PrimeXBT Crypto Futures trading platform outages since September 17, 2022. PrimeXBT provides wallets for BTC, COV, ETH, USDC, USDT, and US dollars. 01 BTC and there is no maximum amount you can get from the deposit bonus. 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. So users make more profits and avoid losses. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No.

How to install PrimeXBT app?

The exchange is available to traders, and its primary cryptocurrency features include copy trading and margin markets. PrimeXBT agrees to provide services subject to the client not being a resident of a restricted country, which includes. Closing and multiply this value by the size of the position. For this sample position, we will use a regular market order to buy BTC at the current rates. This is why it is such an important criterion for us when we complete these reviews. To trade with margin, users must fund their trading account after making a deposit to begin trading. The affiliate program is very simple to understand and to take part in. As always, exercise caution when trading cryptocurrencies especially with leverage. The all new native PrimeXBT Android app is now available as a free download today via the Google Play Store for Android devices. Switchere is a cryptocurrency broker based in Lithuania that launched its service in and offers individuals to buy and sell more than 10 cryptocurrencies. With a unique link, earn payouts from trading commissions paid by your referrals. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. 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. If you have any more requests or need further assistance in the future, please don’t hesitate to reach out to us at. However, when Coinbase launched, it was not the same exchange as it is now. Cryptocurrency based on blockchain technology gained hype in past years. This article will cover Forex trading for beginners, pointing out everything you need to know, including the basics of trading Forex, potential trading strategies, leverage, margin and everything else you need to start trading today. For all questions, security issues, product related inquiries, and business proposals, please reach us. The intent was to prevent money laundering risks. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. With this in mind, let’s focus on one company in particular, and see how they stack up. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. This allows you to customize your leverage based on your risk tolerance and trading strategy. Related: Advcash Review. The broker also offers a feature called Crypto Address Whitelisting that enhances security by enabling users to designate certain withdrawal addresses, thereby limiting wallet transactions exclusively to those addresses on the list.

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With a unique link, earn payouts from trading commissions paid by your referrals. Explore the latest in tech with our Tech News. Even though the most bullish Bitcoin analysts only expected the Cryptocurrency to reach a conservative $44,000 valuation at the beginning of 2024. It can be the difference between profiting from digital assets or missing out on the opportunities they offer. How are Commodity Brent, Crude, and Nat. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. PrimeXBT places a high emphasis on security. The use of stop orders can be a game changer for traders looking to enhance their risk management and decision making processes. This is achieved by borrowing funds from a broker to purchase a larger position. Furthermore, traders can set a stop loss level, which automatically triggers the closure of a position if the market moves against their desired direction, limiting potential losses. 35100 while being offered at 1. Dear Luis,We’re glad to hear that you’ve found the PrimeXBT trading platform convenient and easy to adapt to, and that it has enhanced your trading skills. JSE Top 40JSE All ShareJSE Top 100Industrial IndexIndustrial 25 IndexFinancial IndexFinancial 15Resource 10 Index. To view or add a comment, sign in. At PrimeXBT, we’re turning up the heat during the Euro 2024 tournament with an exclusive giveaway that could see you. It’s a popular exchange for experienced traders looking for very high leverage. When it comes to withdrawals on PrimeXBT, it’s a slightly different story. Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter.

Why We Chose It

The PrimeXBT COV token can be used in both staking, as well as leveraged trading activities. This can be done while enjoying some of the best leveraged trading conditions in the industry. In this review, we dive into PrimeXBT, a dynamic margin trading platform offering access to crypto CFDs, commodities, indices, and Forex. With the rising attention from malicious users such as frauds and hackers, many exchanges have fallen victim to them. The entity that regulates the broker makes a crucial difference. Before you start, you would have to fund your trading account. Bitfury’s Crystal software and blockchain analysis tools in action. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Through its partnership with Covesting, PrimeXBT’s Covesting module allows traders to automatically mirror the trades of successful strategy managers on the platform. Learn more about Unifimoney. There apps was not good. They will send out an email to the address that you have provided so that you can verify it. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Bitfury’s Crystal software and blockchain analysis tools in action. A small movement against your leveraged position may exhaust the margin assigned to it, causing it to close without fulfilling its full profit potential. Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. Thanks to Ethereum, even Bitcoins can be “wrapped” as WBTC and used within DeFi applications. Visit our Help Centre. As explained earlier, leverage and margin trading amplifies both your profits and losses. If the withdrawal request is made before noon, it will be processed the same day. Additionally, PrimeXBT offers various deposit options, including both fiat and Cryptocurrency, to suit your preferences. Coin Bureau readers who sign up to PrimeXBT can receive a 35% bonus if they sign up with our sign up link. 7️⃣ Name your PrimeXBT Wallet in your MetaMask account and add a Memo, and click the blue ‘Save’ button. Once you have funds available in the trading account, you can click on “Trade” from the top navigation bar.

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Learn about our methodology. Walletinvestor’s ETH future prices pattern looks to be in a rally, and Walletinvestor’s seems to project this rally to continue into 2024 breaking through the $2000 level twice in the year, with a slight cooling of the price moving into 2025. 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. Also, its “turbo” trading option allows you to make short term price predictions. So how do you know which one is right for you. Initially introduced in 2018, PrimeXBT is a multipurpose one stop trading platform for cryptocurrency futures and CFDs, indexes, commodities, stocks and FOREX trading pairs. Simply put, it unifies all mainstream trading opportunities in a single interface. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT supports trading the major Forex pairings, crosses, and exotics.


“We are delighted to offer new reduced fees to PrimeXBT platform users. For this sample position, we will use a regular market order to buy BTC at the current rates. Never miss a beat on the app. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. Date of experience: June 23, 2024. PrimeXBT has a full copy trading dashboard and suite, where people can choose from a huge range of accounts, made up of both humans and bots. PrimeXBT reserves the right to cancel, revoke, or withdraw the Promo code and/or the Bonus provided by the Promo code and annul all or any portion of profits made when using the Bonus at any time in case of any suspected abuse of Promo codes by a participant, including but not limited to using multiple Promo codes on multiple accounts to mirror trades. Instead, any funds traded on the platform are locked in multi sig escrow, minimizing the possibility of theft and reducing trading time for users. I didn’t know how to switch m,ode from crypto market to traditional markets, so I wrote to customer service and they explained to me how to do it and I sol;ved this problem. 2024 00343, having its registered office address at PKF Corporate Services Ltd.

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With over 1 million users across more than 150 countries, PrimeXBT offers access to more than 100 tradable assets. Highlights of PrimeXBT’s Cryptocurrency Trading. Shorting Bitcoin is easy to do at PrimeXBT, as the contract for difference market allows for speculation on price without taking physical control of an asset. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. PrimeXBT offre una vasta gamma di strumenti finanziari per il trading. If you do not meet a margin call, this triggers an automatic liquidation of your position until there is enough margin left in your account to cover any credit risks. Please confirm, that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by PrimeXBT or any other entity within the group. Forex pairs can be categorized into four different types. When depositing funds be sure, in the “Deposit To” dropdown box, to select “Wallet”. Alternatively, users may enter any amount of USD, GBP, or EUR, and the corresponding amount of BTC will be instantly updated to reflect the current market rate. By using these secure options, you can help ensure the safety of your Shiba Inu investments. Other analysts projected the coin to reach a price of as high as $0. In the table below we’ve summarized the supply and purpose of each of these tokens here, before diving deeper further down the page.

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Charts allow traders to perform technical analysis to identify entry and exit points. Our deep dive examines PrimeXBT’s security, fees, ease of use, and key trading options, including leverage and copy trading. Separately, under its covesting module, PrimeXBT offers a “staking” option but it is NOT interest earning. Additionally, users can trade global markets such as the SandP500, FTSE10, FX pairs, commodities like gold and silver, and many more offerings that are detailed here. You can use many decentralized apps and platforms with MetaMask without KYC. That’s why traders who own a large amount of Bitcoin usually store them on cold wallets and keep only a small portion of their coins on hot wallets for daily trading. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. To trade with margin, users must fund their trading account after making a deposit to begin trading. 21 price barrier in 2023 and take a significant upside turn. They will send out an email to the address that you have provided so that you can verify it. Pepe Coin PEPE, a frog themed memecoin has jumped by 12% despite a huge sell off from a top market maker. More than 50 intelligent drawing tools for in depth market analysis, and educational resources on the most popular trading concepts. But what if there was a way to potentially boost your gains. It depends on your individual risk tolerance and experience level. 42, its highest swing on December 9th. This allows you to quickly swap one crypto asset for another on the platform. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. The lack of fiat trading pairs is also a con for investors. You can contact their team on and if you have any questions. PrimeXBT also provides you with several metrics to make your trading experience easier. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses.


Suppose you trade a significant volume on the exchange, and then these trading fees can add up on a cumulative basis and deter your profit margins. Prime Technology Ltd is PrimeXBT’s Technology Provider. The Ascent, a Motley Fool service, does not cover all offers on the market. The registration process for owning a PrimeXBT trading account is very easy and straightforward. Users must first transfer their crypto to an external exchange where they can convert it to fiat and then withdraw to their bank account. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Advanced trading features. If you trade a great deal of volume on an exchange, then these fees add up on a cumulative basis. MT4 BrokersMT5 BrokerscTrader BrokersZulu Trade BrokersFutures Trading PlatformsSocial Trading PlatformsBinary Trading PlatformsBest Forex Robot Traders. And it has already changed actually. This is how it looks like. The sad truth is, most money lost to scams is gone for good. Date of experience: December 14, 2023. It offers a variety of features for its users, and, most importantly, it’s a place where traders can engage in different markets. Additionally, you need to check the regional restrictions if you decide to use this platform based the professional knowledge and experience. The app supports charting, easy order execution, and account management. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. Since its founding, PrimeXBT has grown substantially and now serves clients in over 150 countries and is a well known and respected exchange for providing clients with access to top tier liquidity and robust trading tools.


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. We also ensure all reviews are published without moderation. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Liquidity is also hardly ever an issue with KuCoin, given its 24 hour trade volume exceeds $1. 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. The fundamental catalyst behind the surge in ADA price is the rise in the issuance of native assets on the Cardano network. Regular updates and check ups are provided here to detect any possible vulnerabilities. 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. PrimeXBT has a weak slate of trading pairs. While some of the top cryptocurrency exchanges are, indeed, based in the United States i. It’s a great opportunity to work with Prime XBT. Also, they differ depending on the asset at stake.