Coin Bureau encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. These are the account administration section, the information section and the actual trading platform itself. This means that you can insert a new panel onto any one of your desired work-spaces. PrimeXBT stands out by offering leverage of 1:100. PrimeXBT is a new cryptocurrency trading platform that allows traders to use margin and leverage trading on Bitcoin and other coins of up to 100x. There is an entire section on the information page that details the security protocols that are employed by PrimeXBT. Seriously? Prime XBT is trying to take on some of the more established Futures and CFD brokers that operate in the space. This will take you to the deposit page where you can access your PrimeXBT Bitcoin address. These include the likes of the USA, the province of Québec in Canada and a few others. We have the fee breakdown for a selection of assets in the table below”. 50% Bonus! PrimeXBT is a safe and well-reputed trading platform for Canadian traders and this is the reason for its exponential growth of users and volume within Canada over the past months. What's going to happen if I register, deposit my funds and was then asked to undergo a CDD procedure? This means that you only need to put down a 1% (or 0.1%) of the required capital in order to take out that position. They include information such as how to place trades, set up stop-losses and protection orders, funding your account and safely using leverage. Is Prime XBT Safe? Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. PrimeXBT.com Review: Prime XBT is an online Bitcoin-based exchange that offers cryptocurrencies and CFDs for trading on its platform. PrimeXBT for USA. This gives you an in depth overview of the operational status of the tradin engine, deposits / withdrawals and website. You can think of these as “Digital” instruments whereas if your price prediction was correct at the end of the expiry then you will get that fixed payout. Easy for new traders:New traders don’t have to understand the strategy; all they need is an analysis of how the strategy has performed. However, given certain regulations, there are some countries that they do not accept traders from. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit and you can indeed opt for a lower number level. There are indeed many times that we would like to take a position to hedge trades in the crypto market. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. If you need to get your hands-on Bitcoin to fund then you will have to use a Fiat gateway such as Bitstamp or Kraken. PrimeXBT is a popular Bitcoin-based cryptocurrency trading exchange that allows speculating on traditional financial products.Traders are able to trade a broad spectrum of markets including Forex (FX), cryptocurrency, commodities and indices using Bitcoin as collateral – something not many cryptocurrency trading exchanges offer today. In terms of funding your account, there are no fees that are applied to inward payments. No service to clients from USA, Canada and other regions where the local laws will interfere with PrimeXBT services. Below are the commission rates: This is better than the other futures exchanges such as BitMEX for example. Many of the assets listed on PrimeXBT are also available on the PrimeXBT Turbo platform, enabling adventurous traders to make up to 90% profit in under a minute. Prime XBT closes out the position instead as they need to manage the risk that they have on their books. If there is a case where you exhaust your equity and the value of your account falls below a certain level then you will get what is termed a “Margin Call“. Prime XBT operates a tier-based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals. As a trader, you will be spending over 90% of your time on the main trading platform. You can also customize the indicators in terms of the time-frame and other important inputs. This could be ideal for those of you who like to trade with technical analysis. Something that most traders are no doubt aware of is the risks of “order slippage”. This technology has been in development since 2017 and was being beta tested by select users on PrimeXBT since April of this year. The holding company name is Prime XBT Trading Services and their Company number is 148707. In fact, PrimeXBT actually measured the slippage on their executed orders. The dynamic and innovative trading i For example, here are the base margin requirements and resulting leverage for a range of assets. PrimeXBT has traders from over 150 different countries. To understand more about the security features on PrimeXBT that have protected its users, check out PrimeXBT’s Security page. They have also tried to ease the burden of buying Bitcoin with Fiat as they have integrated a Changelly widget on their deposit section. Prime XBT is a crypto only exchange. This will provide traders with another interesting alternative to the status quo with crypto margin trading. With the dramatic increase in the number of traders and investors in Canada that are using PrimeXBT, one question has been asked recently more than others which is whether PrimeXBT is safe for Canadian traders. This may in fact be a more prudent move as even the slightest amount of volatility in can lead to an exhaustion of funds with 100x or 1,000x leverage. The latter will not apply if you enter and exit the position within the day. PrimeXBT is a margin trading-centric platform that provides high leverage trading on a wide range of cryptoassets as well as many of the world’s leading traditional assets. This gives the trader the advantage of making money on “borrowed funds”. PrimeXBT Mobile App. If this is something that you would like to get involved with then you will need to get your referral code. The exchange recently released their tiered fee structure for those traders who do a considerable amount of volume on the platform. PrimeXBT may not be used by US citizens and residents due to US law. These include things such as the colors, grids and spacing. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. United States of America (USA) Canada; PrimeXBT and Covesting. Benefit from advanced trading tools, … These include the likes of the USA, the province of Québec in Canada and a few others. PrimeXBT is Alternatively, you can contact their team on support@primexbt.com if you have any questions that related to security, account management or product inquiries. If it’s good for them, they copy and get trading. If you are requesting quite a sizable withdrawal then it may take a bit of time to be processed. Once you have your Bitcoin, funding your account is relatively simple. Hence, you cannot do that much analysis on it unfortunately. PrimeXBT charges two types of fees: trading fees (0.05% per trade) and overnight fees ($16 per 1 BTC, $0.60 per 1 ETH, etc.). For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. This is a third party Bitcoin purchasing service where you can quickly buy your coins with the use of a credit / debit card. 2. By working to add advanced security solutions throughout its platform, PrimeXBT has shown a strong commitment to protecting the funds and data of its users. PrimeXBT is supported, however, in over 150 other countries worldwide. In order to service their current payments and withdrawals, they will also need to run a “hot wallet” but only a limited number of coins are kept in this state. This means that you will have to authorise the login on your phone via the Google authenticator. In terms of other security protocols that they have in place, they also make use of Cloudflare’s technology in order to mitigate the risks that are posed by Distributed Denial of Service Attacks (DDoS). When you click on the Covesting tab you are presented with a long list of cryptocurrency traders. You can see a full list of the leverage limits for the other assets in your account management area. Are you accepting full commercial liability? You can build out your own work-spaces that you can access at the top of the platform. Accordig to their 2019 slippage stats, at least 94% of their orders were met at Quote or better. Though a new company, Prime XBT has experienced exponential growth within a short period of time, as it has clients from 150 different countries. These funds need to be in Bitcoin and you must commit at least 0.001 BTC to follow a trader (around 10.50$USD at the time of writing). This means that you have limited downside risk. They may have several improvements to their technology in the pipeline. This is because withdrawals are processed from the hot wallets and if they do not have enough on-hand they may have to access some from their offline cold wallets. Finally, they also have advanced hardware modules where they run their trading technology. If not, I propose you delete this immediately. Something else that is really pretty neat about the Turbo platform at Prime XBT is the social aspect. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. Traders at PrimeXBT are able to access up to 100X leverage on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS. You also have the option to insert a referral code if you were given one (more on this later). PrimeXBT is a cryptocurrency exchange that is registered in the Seychelles. Today’s crypto industry is so advanced that there are so many trading platforms available with a variety of features suiting the needs of one segment of traders or other. This has led many Canadian traders to wonder whether we are on the brink of another major bull run as was seen both in 2017 as well as 2013, and that would potentially see the price of Bitcoin driven up to the range of $50,000 or more. PrimeXBT Liquidation Price: Prime XBT is an online Bitcoin-based exchange that offers cryptocurrencies and CFDs for trading on its platform. Most of the coins that are held at PrimeXBT are kept in cold storage. You can see what the other traders are doing and you can also compete with them in the leader board. This review of PrimeXBT consists of four parts: general information, fees, deposit methods and security. This is something that you can get in your account management page under the “referral” section. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferances. Below are the discounts that you can earn based on 30 day rolling trading volume. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. However for permanent contracts, you can use fiat/crypto trading pairs. PrimeXBT is based in the Seychelles and was launched in 2018 as a Bitcoin-based exchange platform offering various products such as leveraged trading in cryptocurrencies, Forex, indices and commodities.Today they are ranked no.24 of all derivatives exchanges with over USD$250 million in daily trade volume according to CoinGecko.They serve clients from over 150 countries and the … Trading Instruments on PrimeXBT. With such regulatory caveat, here is a specific list of countries that PrimeXBT’s services isn’t allowed, at the moment: the United States of America, the province of Québec in Canada, Algeria, Ecuador, Ethiopia, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; any state, country or other jurisdiction that is embargoed by the United States of America. This adds a competitive edge to your trading. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. This means that your funds cannot be sent to a rouge address in the instance where your account is breached. You have three options when it comes to the duration of these trades. Once you have the applicable address, you can send your Bitcoin in. This company was founded in 2018 in the Seychelles. Leverage is one of the key features of PrimeXBT and among its main features. You can also follow their Reddit thread for important updates. When you trade on leverage can potentially enhance your returns by a certain factor. This means that all communication that you send the exchange will be encrypted and make it hard for any malicious actors to intercept it. Well, we are not really fans. This will allow the trader to define specific levels for entries and exits. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one which has been on the platform for a few days. It can be because the there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. At this level, PrimeXBT gives 11 completely different stock indices: GER30: also called the DAX30, this can be a stock index in Germany charting the highest 30 performing firms. You can learn more about Covesting here. You can do this quite easily through your account management options in your “security settings”. These include fan lines, Fibonaccis, retracements and other trend lines. Promo Code: TOTHEMOON – Click Here Prime XBT is a relatively new cryptocurrency exchange which provides derivative trading options with leverage up to 100x in five different cryptos. As well as being a safe platform to trade at, PrimeXBT also provides a range of unique tools and features to use in order to maximize profitability in the cryptocurrency and traditional asset markets. On the PrimeXBT platform, you have three main sections which can be accessed in the header toolbar. It will also help you identify if you have accidentally landed on a phishing site of some sort. For those of you who are going to be away from your desk you will be happy to know that PrimeXBT also has mobile apps. : PrimeXBT FULL Review & Tutorial - Should You Use This Exchange? The potential profit from a correct prediction can either be 70% or 85% depending on the expiry time. As a result of the unique tools and features provided by PrimeXBT, it has grown exponentially over the past few years to become the world’s leading multi-asset margin trading platform and today managing up to $2 billion worth of global trade every day. These include all of the momentum indicators as well as relative strength and volume-based studies. In order to make any movements from the cold wallet to the hot wallet, they make use of multi-signature access. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries. This is available within the “Information” section in your when you are logged into your account. It would have been great to see expiry times of slightly longer length as trading for such a short period is not really the most optimal. This places Prime XBT more in line with the fees model of a CFD broker than a Futures exchange. It allows users to bet on the price action of multiple assets within short timeframes. The point to note though that the max risk you have is the amount deposited. and the exchange is launching at an opportune time. There is also a knowledge base (PrimeXBT Help Center), where you can get answers to some of the frequently asked questions and also helps you to understand different platform features. Unlike exchanges such as ByBit and Deribit, you are not only restricted to trading cryptocurrency assets. Lastly, when it comes to withdrawals, Prime XBT is one of the few exchanges that require a mandatory white-labeling of Bitcoin addresses. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. You will select “add widget” and you will be given a list of different ones to choose from.

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