PrimeXBT tutorial 4: How to add “Stop loss” and “Take profit” orders

In PrimeXBT, you can choose a trader and subscribe to his trades to earn without effort, or you can open your own trades for copying and thus also receive additional profit. Moreover, all users who sign up via our link can receive a 20% deposit bonus. Looking to buy USD Tether and other popular Cryptocurrencies hassle free. PrimeXBT has established itself as a premier platform for crypto futures trading, offering traders a comprehensive suite of features to navigate the dynamic cryptocurrency market. Your review has been sent; it will appear on the website after it is screened by a moderator. Up to 100x in all cryptocurrency pairs. Falling as low as $1,471 on 16 September, right after The Merge, and subsequently reaching a years low of $1,135 in November, Ethereum’s current price has bounced back, now ranging around $1,600. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. Those who struggle with the financing costs generally haven’t traded well, to begin with. 30 for the first half of 2025, and then see it break the $0. We’re glad you’re enjoying the platform. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. While simplicity is the pro, there is a lack of indicators and drawing tools that will turn off some traders.

Funding and Withdrawal Options

The main trading platform is actually pretty good, with intuitive menus and info that was easy to access, but the downside is that the trading chart itself cannot be made full screen or at least big enough to see the candles properly, without tinkering too much. We are here to assist you. Yes, participants can usually exit and re enter with a new account and balance if the contest rules allow. On their web page, they are officially registered in Seychelles with offices in St Vincent and the Grenadines. Learn more about Baksta’s Legal Terms. If you are looking for a pure, no frills, professional grade cryptocurrency only exchange, out of these two, Bybit is the winner, hands down. Past Performance and Materials: Past performance is not a reliable indicator of future results. The transactions made with cryptocurrencies happen on the blockchain. 🌟 At PrimeXBT, crypto enthusiasts can snap up their favorite digital assets using MasterCard, Visa, and other convenient payment options. “For approved members and their clients participating in CFDs, foreign exchange forex, and cryptocurrency markets, the Financial Commission helps facilitate a simpler, swifter resolution process than through typical regulatory channels, such as arbitration or local court systems. This information is general in nature and is for educational purposes only. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. 05% per trade, which applies to all asset classes. 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. Utilize the 4 level hierarchy system. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. PrimeXBT uses cryptocurrency cold storage for extra security. These services are governed by the legal terms and conditions of PXBT. However, it lacks more advanced features readily available on the desktop version. The short interest was astronomically high, and therefore once retail traders came into the market and started using leverage on the long side, it caused a massive amount of short covering by hedge funds. But, the good news is that there are still more than enough alternatives out there. I highly discourage using PrimeXbt as a broker. Dogecoin isn’t safe, so think before you buy Dogecoin. The platform also offers a mobile app for Android and iOS smartphones, and is planning an upgraded application in the future. It is worth noting that Perfect Money charges the 1.

PrimeXBT – Why the Time for Leverage Crypto Trading is Now

PrimeXBT also protects its clients not through regulation, but anonymity and cybersecurity, mitigating the damage that hackers could do and reducing its attractiveness. However, depositing or withdrawing fiat currency will require KYC identity verification. For those who want easy access to crypto, stock indices, commodities and forex trading can consider BingX as the top PrimeXBT alternative. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. Additionally, the platform stores the majority of user funds in offline, cold storage wallets. They might choose to trade Crypto with an excessively high leverage ratio based on emotions rather than a calculated strategy. Step 4: PrimeXBT offers several different order types to assist with users’ trading and hedging strategies. Date of experience: September 05, 2024. A low 5 figure trading account can do this in a few weeks with just a couple of trades a day. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page. 0005 BTC charge, which aligns with the PrimeXBT trading contests industry standard. Additionally, choosing the right time to enter and exit trades can help minimize costs. However, the absence of custom price alerts was a notable drawback. Understanding the core offerings of each platform is crucial for selecting the one that best suits your trading needs. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. In this PrimeXBT Crypto Futures review, I will examine what exactly these individuals look for in an exchange, and whether PrimeXBT is able to offer it to them. Each platform’s offering, while extensive, carries intrinsic risks, especially when considering the high leverage options available. This bonus can be a valuable tool for traders looking to expand their trading opportunities, but it is important to be aware of its limitations and potential risks. It offers diverse trading instruments for users to trade over 100 assets. Once you’ve chosen one of our top rated brokers, you need to make sure you’re buying the right stocks. Additionally, it offers physical cryptocurrency trading through a Lithuania registered entity. PrimeXBT places paramount importance on user security and data integrity within the cryptocurrency community. Mainstream acceptance: The approval by regulatory authorities signifies a growing acceptance of Ethereum as a legitimate asset class. The Golden Cross late in December marked the top. Such competitions allow participants to learn the basics of trading without starting investments, as well as win real cash prizes. The two levels are price barriers formed in the market to prevent the price action from making a significant uptrend or downtrend. Step 1: Visit PrimeXBT. It’s similar to using a lever, a simple tool that amplifies the force you exert. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No.

News

PrimeXBT is undoubtedly amongst the leading cryptocurrency exchanges, but unlike many of its counterparts, the platform also supports the trading of legacy market products such as stocks, commodities, and forex. Your email address will not be published. There is no specific market analysis that is more effective to trade Crypto, instead it can be even more effective when used in tandem. Hodl Hodl is a non custodial Bitcoin trading platform allowing users to trade directly without holding user funds. The PrimeXBT team is committed to 24/7 customer service. Similar to profits being magnified, losses are also magnified. In the next section, we will discuss the user demographics of PrimeXBT. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. Deposit and Withdrawal Fees. On Deribit, leverage of up to 100x is possible. This review shows PrimeXBT supports big cryptocurrencies like Bitcoin and Ethereum. Trading involves risk. The required margin can be as low as 1% for a 100:1 leverage ratio. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. That is not entirely true. He primarly writes opinion pieces for Bitcompare. Never take on more risk or lose money than you can afford to lose, and stick to your trading plan at all times. It shows this by sticking to KYC procedures and AML standards. Here’s a breakdown of how it works. This is common for other trading platforms that use ZuluTrade, for example. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. The network will also obviously be hosting smart contracts and dApps that take advantage of them. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. We’re glad you appreciate the diverse range of assets available on PrimeXBT.

Reputation

We use dedicated people and clever technology to safeguard our platform. PrimeXBT Trading Services, S. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. Alternative deposits: TC. These products are not suitable for all investors. BTC/USDT 1:200%LTC/USDT 1:150%ETH/USDT 1:200%DOT/USDT — 1:50%UNI/USDT — 1:75%. PrimeXBT’s flat fee structure simplifies cost calculations, making it easier for traders to manage their expenses. In 2020, Cardano had another massive breakout with the rest of the Cryptocurrency industry. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Click “Join” to enter the competition. The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset. Transaction fees on Solana are paid in SOL and are generally lower compared to other blockchains due to the network’s high throughput. PrimeXBT’s unique selling proposition for traders is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits. Then there is the risk reward ratio that compares the actual level of risk with the potential returns. For traders who want to keep their finger on the pulse of the market and not miss opportunities to open profitable deals, there is a mobile application PrimeXBT. But first, let’s solidify these key concepts before moving on. To know ahead of time what price you will pay for an asset. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. 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. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution.

How does the Welcome Bonus work?

It’s a robust platform, featuring low fees — 0. This crypto exchange offers its users the ability to trade on its platform an impressive range of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. His expertise enhances the platform’s educational resources, supporting traders and investors with high quality information. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. We’re here to support your trading journey and ensure you have all the resources you need for a successful trading experience. Com may receive compensation from the brands or services mentioned on this website. Even login security takes advantage of the built in biometrics features of many Android smartphones. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Ethereum’s unique characteristics, combined with PrimeXBT’s robust trading platform, create a powerful synergy that benefits traders seeking to optimize their performance in the cryptocurrency market. This is why it is such an important criterion for us when we complete these reviews. This bonus is added directly to your trading account and enhances your trading capital. Trend trading is a very powerful strategy that is also suited for beginner traders. The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills in cryptocurrency trading in order to increase the contest deposit. We appreciate your feedback on the design aesthetics; we’re always looking to improve and might consider more colorful themes in the future. Something that you may have noticed is that PrimeXBT does not require any forms of identification when you sign up. 🚀 Visit PrimeXBT today and start your journey towards smarter, more profitable trading. Date of experience: August 05, 2024. Follow the same steps to trade Forex, Commodities, or Indices. If you ever need assistance, feel free to reach out to us at. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. As such, it has a higher barrier to entry than other exchanges.

Key Features:

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 Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. Ea investește din 2011 și oferă conținut perspicace pentru a ajuta traderii să navigheze prin piețele financiare și cripto. These include fan lines, Fibonacci, retracements, and other trend lines. Exchange clients can open three types of accounts: demo competitive, no deposit, real for CFDs and real for futures. Scan this code to download app. I cannot recommend PrimeXBT as a reliable option for crypto trading. If you join today, you, as a new client, will receive $100 on your first crypto deposits using our link/referral code. I tried to contract with them but nobody available. Reply from PrimeXBT Copy Trading. Enjoy a superior CFD trading experience on our award winning platforms, including our proprietary WebTrader and App, as well as the popular MetaTrader 5. Limits often include minimum and maximum transaction sizes, daily withdrawal limits, and exposure limits. 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. They are both equally valuable tools at a trader’s disposal. Despite this, its reliability and fast order execution make it a top choice for traders worldwide. Date of experience: April 16, 2020. For example: Let’s assume that BTC is worth $67,000, and you’d like to open a position worth 1 BTC with 200:1 leverage. If you want to have a better chance at making profits with Litecoin trading, it is important to implement some trading strategies. Who told Forbes: “Of course, with crypto, anything can happen, so watch closely. Currently it is attempting a break out above the 199 Resistance. A stop order becomes a market order when the stop price is reached, while a limit order becomes executable when the market price reaches a specific limit price or better set by the trader. PrimeXBT is a well established CFD exchange that has become a popular platform for all types of traders as it gives clients the ability to trade a number of assets including crypto, stocks, forex, commodities, indices and more as contracts for difference. Both types of stop orders are orders that are used to protect from seeing losses get out of hand. Com to continue to provide our services to you for free. To develop a trading strategy for PrimeXBT, use technical and fundamental analysis to identify trading opportunities, implement risk management techniques, and develop a trading plan that outlines your goals, risk tolerance, and strategy for entering and exiting trades.

How to Activate the Welcome Bonus?

PrimeXBT, similarly, employs robust security measures to safeguard your assets and data. The United States Commodities Futures Trading Commission deems it a commodity. This emphasis on security provides users with peace of mind, knowing their investments are in a safe and secure trading environment. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. The smallest unit of Bitcoin is called Satoshi which has a worth of 100 millionth of a Bitcoin. This flexibility is particularly advantageous for those who are already invested in the crypto market and wish to use their digital assets for trading. The platform’s strong focus on security, user friendly interface, and responsive customer support further enhance its appeal. Cryptocurrencies typically rely on blockchain technology, also called distributed ledger technology. Allowing traders to code their own bots and trading algorithms on the platform could add to the platform’s success. It is almost impossible to commit crimes with cryptocurrencies due to measures such as Know Your Customer KYC and Anti money Laundering AML laws that have been implemented by different crypto firms. There is nothing worse than going through all the research, KYC verification, sign up process etc. It is worth mentioning that PrimeXBT likes to highlight that their whole system is powered by Amazon’s own AWS servers. Trend trading is a very powerful strategy that is also suited for beginner traders. They do not payout profit and lie about breaking rules. You might also like: PrimeXBT Minimum Deposit. Users can add watchlists for their favorite pairs, view pending and open orders, and, best of all, they can drag different elements around the screen, meaning they can have a layout that suits their needs best. This will allow you to earn a commission from referring friends to the platform. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges.

Diego Sanchez

Some platforms, such as Binance, even predict that DOGE could go as high as $1. These help users understand the market and trading strategies better. 30 and the highest price of $1. Founded in 2018, PrimeXBT now has over 100 trading assets and 12+ liquidity providers. Regulated and legitimate👍. You can disable email notifications by going to the settings or preferences section of your account and adjusting your notification settings. This means checking who people are and watching their trades closely. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Yes, because margin will allow traders to grow their accounts in a much quicker manner than would be normally possible. Yes Bitget offers fiat on and offramp services via third party integrations. 020%, and the taker fee is 0. I also tested the fiat withdrawal process, using Volet. However, the PrimeXBT support team explains this by security requirements: the exchange team checks every transaction for risk scoring, money laundering, and suspicious trading activity. Example: You have opened a long position on CFD on BTC. Their patterns reflects human emotion and psychology – making them a robust leading signal across diverse assets. The latter includes weekly and monthly settlements. Understanding these cycles can help investors navigate the volatility associated with Bitcoin, allowing them to make informed investment decisions. Here are the trading fees on PrimeXBT. Furthermore, XRP’s relatively low transaction fees and fast settlement times make it an attractive option for those seeking efficient digital payments. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH.

Join Our Community

Direct bank account withdrawals are not typically supported on PrimeXBT as it is primarily a crypto based platform. This innovative exchange platform is one of the few Bitcoin based exchanges offering CFDs for trading with high leverage options. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. Get detailed ROI stats, strategy insights, and performance analytics for maximum profits. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. For every user with no regard to account status, size of deposits or trading background, PrimeXBT offers 24/7 online support that speaks all languages supported on the platform. If you meet the geographic requirements, you can start by making a PrimeXBT account and depositing cryptocurrency; it supports BTC, ETH, USDT, USDC, and COV. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. Join PrimeXBT for flexible trading options tailored to every trader’s needs. These factors contribute to the platform’s execution efficiency, but how does it fare in terms of leverage and margin capabilities. Chainlink’s ecosystem overview. As mentioned, you can also trade forex, commodities, and stock indices. When you’re trading on cryptocurrency exchanges, liquidity and volume are critical factors that determine how efficiently and effectively your orders are executed. You can also check out our detailed reviews on both Ledger and Trezor wallets. Staying informed about market trends and news is crucial for making informed trading decisions on PrimeXBT. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. 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. Trading cryptocurrencies, forex, or any other product with leverage is inherently risky. Users can open accounts, deposit crypto, and start trading with just an email address. Luckily, PrimeXBT offers the CFD market, meaning that you are speculating on the price without taking custody of the actual asset. Customer service is none existence and takes 3 weeks to get back to you and that’s with constant chasing. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. These simulators are ideal for new traders as they allow for a broad range of experimenting with absolutely zero risk. Buy Amazon StockBuy Apple StockBuy Tesla SharesBuy Meta SharesBuy Google SharesBuy Pfizer StocksBuy NVIDIA StocksBuy AMD StocksBuy Microsoft SharesBuy Pepsico SharesBuy Adobe SharesBuy Intel SharesBuy Paypal SharesBuy Starbucks SharesBuy Netflix SharesBuy Moderna SharesBuy Zoom SharesBuy eBay Shares. 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. PrimeXBT uses Cloudflare’s protection against Distributed Denial of Service DDoS attacks, and its hardware is hosted on Amazon Web Services for reliable performance. These services are governed by the legal terms and conditions of PXBT. This means they buy during uptrends and short sell during downtrends.

Equal

Trading involves risk. When trading financial instruments such as forex, traders can expect overnight or swap fees to be applicable when positions are held for longer than one trading day. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. 1M+ community members. In one scenario, the trader sees the stock price fall to the $22. Learn more about Baksta’s Legal Terms. Activate your account when registered successfully and start trading with the bonus credits. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. Confirm your email address by clicking on the link sent to your email. Copy trading op PrimeXBT gaat gepaard met uitdagingen, zoals afhankelijkheid van het succes van een andere handelaar, mogelijke misalignatie van risicotolerantie en de noodzaak voor zorgvuldige selectie van handelaren. When it comes to KYC, MEXC does have KYC, but it isn’t mandatory. The company’s clients can buy and sell crypto futures with a fixed commission: 0. A XRP price prediction has to keep in mind that although there is a limit, it would necessarily be scarce. In the meantime, please connect with us on social media. Let’s take a bird’s eye view of the products available on PrimeXBT. However, insurance coverage is still rare within the crypto industry. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. Over the last few years,.

Grab Binance $600 Bonus

It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks. As well as this, the interface for the platform is very straightforward, making SimpleSwap a potentially more appealing option than some decentralized exchange that take a little more getting used to. If the app is unavailable in your region, you can still access it through direct download from our site. There are also overnight fees and the following withdrawal fees. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. However, the platform remains largely accessible for those who prefer to trade anonymously. Let us introduce you to PrimeXBT, your gateway to a diverse universe of financial markets. The fees are available for Cryptos, Forex, Commodities, and Indices. Using PrimeXBT, traders can access global markets from anywhere in the world, right from their fingertips. Today, the asset is maturing and finding new use cases, such as a safe haven asset and a contactless payment technology. In this article, we’ll compare these platforms and guide you on how to use PrimeXBT for margin trading. Throughout my testing, the app performed smoothly without any bugs or glitches. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. By 2023, the blockchain market value is expected to exceed USD 23 billion. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. PrimeXBT also offers both long and short trading options. Some withdrawals might require manual processing for security reasons.

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There are other widgets that you can add, such as order history, order books, alerts, symbol library, account widgets, statement widgets, and many others. 🤓 We’re excited to introduce Matthew Hayward, our Senior Market Analyst, who will be delivering weekly reports and expert analysis to keep you informed. PrimeXBT is popular for crypto traders who are looking to diversify and take advantage of correlation opportunities across different asset classes. Volet deposits are free, while Perfect Money charges a 1. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. PrimeXBT offers built in technical analysis tools. And in case of a strong price movement, the size of the fee will be almost imperceptible in relation to the potential profit from the trade. The Olympics are here and PrimeXBT is giving 10 traders a total of 5,000 USDT during its Olympic Demo Trading. Traders can access information on Maker and Taker Fees, financing costs for both long and short positions, as well as maximum leverage/margin requirements for each asset pairing. Like any investment, a thorough understanding of the platform, its offerings, and the customer and support team is vital before getting started. Why It’s Popular: A fork of Bitcoin, Bitcoin Cash offers larger block sizes, which means faster transactions and lower fees. Providing a great set of tools for traders is our goal, and we’re glad you’re enjoying it. 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. These fees are designed to cover the cost of borrowing the funds needed to maintain the position.