Top Cryptocurrency Exchanges that Don’t Require KYC, Are They Better?

While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Traders will typically either scan the charts to see technical patterns or pay attention to fundamental news, such as whether in the case of soft commodities. Step 1: Head to the PrimeXBT homepage. However, the platform has garnered positive reviews from its customers with few complaints. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. Baksta UAB is registered with the PrimeXBT handel spotowy Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The term “crypto passive income” describes revenues from cryptocurrencies that are obtained without actively participating in day to day trading or investment activity. Additionally, the PrimeXBT compliance department reserves the right to ask for additional documentation at any time while using PrimeXBT services, such as proof of address, ID forms, and more, depending on a variety of factors such as client activity or the total amount transacted.

PrimeXBT Review 2025

For example, the withdrawal fee for Bitcoin is typically 0. Traders worldwide trust us. Every affiliate program has its own campaign rules, and each one is important to consider when deciding whether the PrimeXBT affiliate program is the right choice for you to promote. Debashree Patra Jan 08, 2025. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Unlike its larger competitors, PrimeXBT does not offer P2P trading. However, I do understand that this trading style may not be for everyone. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Trading Fees: The platform charges a flat trading fee of 0. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Ethereum projected growth has slowed after a slew of problems in the crypto world, but crypto is starting to behave. PrimeXBT Trading Services, S. Referrals may receive incentives, which can encourage them to trade more actively on the platform. Binance Offer: Get upto 20x leverage on crypto trading using this link to sign up. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. 7 stars from 225 reviews, indicating that most customers are generally satisfied with their purchases. Market conditions play a significant role when choosing between cross margin and isolated margin. Bitcoin surging over 100k comes as other risk assets also reached record levels. The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. One of the first things to consider when jumping into the world of crypto trading is reputation. Continuously evolve: Marketschange, so you must too. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Once they identify a potential trade, they will then typically markup their chart to see where they want to enter, exit, or admit defeat. Yes, the PrimeXBT mobile app provides live chat support within the app, email support, and access to a comprehensive help center with FAQs and guides. Active users across the world. These orders are placed at certain levels, at which the traders do not want the price of an asset to fall below. Cryptocurrency Withdrawals. Furthermore, through research, evaluating trading goals, and using different strategies, risk can easily be reduced. These are essentially the same thing, and buying Bitcoin Futures is the same as buying a bitcoin futures contract.

3 Reasons Why Facebook Is The Worst Option For PrimeXBT Cryptocurrency

This drop was a curveball, illustrating the rollercoaster nature of crypto markets. When following the right traders, copy trading can be extremely profitable. The broker is heavily focused on crypto services, offering an extensive range of cryptocurrencies but a limited selection of other instruments. PrimeXBT has frequent offers and promotions, such as trading contests with prizes and bonuses for new and active users. By understanding the basics of leverage, traders can make more informed decisions about how to use it in their trading strategies. You can then buy, sell, and trade cryptos without giving any personal details or documents. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. This is better than the other futures exchanges such as BitMEX for example. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. If you have any topics or suggestions for future articles, please feel free to share them with us at. This is totally unacceptable and one big scam. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. It’s like a multi level marketing plan. Yes, standard trading fees apply to trades executed within the Covesting module. Withdrawal fees start at just $0. As a derivatives trading platform, PrimeXBT does not offer any spot markets. The opinions expressed by our writers are their own and do not represent the views of U. Other restricted regions include Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, various U. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Because these derivatives products are contracts, the terminology used around trading Bitcoin options is also unique.

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Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. It takes just a few minutes to get started. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Withdrawal Crypto only. Our clients love how fast and simple our sign up is. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. A usual trader will trade like 10 15 pairs max, and some people trade even like 2 3, and some even specialize on 1. Authorization fields are required. It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts.

How much leverage can you use on PrimeXBT?

After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. However, there’s a demo version for new users who are unsure about using the exchange. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Top Tip 💯: Enable two factor authentication when logged in it is not set as default. As a result, the investment will often look to those countries to expand. I had to submit a national I. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Investing is speculative. To claim your PrimeXBT bonus of 35% on your Bitcoin deposit, just follow these steps. Here are the trading fees on PrimeXBT. This further reinforces the broker’s commitment to compliance and transparency. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Most cryptocurrency projects are usually focused on technology rather than branding and marketing. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. PrimeXBT is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds and transactions.

Fat Pig Signals

It simplifies the onboarding process by offering all trading options under one account, eliminating the need for separate Forex, crypto, and commodities accounts. The app also supports PIN, face, or fingerprint authentication for secure login. It takes just a few minutes to get started. This multi chain support enhances accessibility, ensuring users can engage with the platform across different blockchain ecosystems, making Binance a comprehensive and versatile trading solution. It is the most wonderful time of year – a time for giving and spreading Christmas cheer. With the integration of TradingView charts, I find PrimeXBT WebTrader is powerful, versatile, and well suited for in depth technical analysis. You can reach them at any time of the year, even during holidays and weekends. PrimeXBT stands out as a top cryptocurrency trading platform in the finance niche. How volatile a market is affects how quickly the price of assets can change, so be prepared. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Only to find that you chose the wrong exchange for your needs. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. PrimeXBT offers perpetual contracts with no expiration, providing flexibility. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Not only does this include offering traditional assets next to digital assets like Bitcoin, long and short positions, built in charting tools, and more, it now includes buying Bitcoin directly with a credit or debit card without ever having to leave the PrimeXBT platform for another website. Products crypto futures commissions●Products CFD Commissions. 3 billion tokens, and an average 24 hour trading volume of $39 million. 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. Depending on your jurisdiction, some products or services might not be available. It also provides a breakdown of individual crypto and US dollar balances. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. What is the minimum and maximum amount for a withdrawal.

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This trading instrument has become very popular and similar products are now offered on many of the major exchanges. The more you invest when you start tracking, the more profits you will get when you stop following. Recommendations for Software or Hardware. PrimeXBT’s mobile app, available on iOS and Android, provides fast and convenient access to the market anytime, anywhere. You can close your running positions on PrimeXBT using either a market or limit order. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Virtual Assets are high risk products, highly volatile, with fluctuating values. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. Cross margin on the other hand, doesn’t limit your position, but requires more monitoring. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various 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. Date of experience: January 07, 2025. I have broken down the available order types on the platform below. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability.

Anak Boonmee

PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. Please reach out to our support team at. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. They are not charging settlement fees on the contracts but are charging an overnight rate for holding the position. Dear Quang,It’s great to hear that you’re taking advantage of the stable Bitcoin prices to trade with leverage on PrimeXBT. I found the KYC process to be straightforward, with my account being verified instantly. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. You seem to have CSS turned off. Furthermore, PrimeXBT has a daily withdrawal limit on accounts that are not verified, so if you need to withdraw more than the daily limit, you will need to verify your account. Visit PrimeXBT Platform and get 35% on Your First Deposit. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. Register and join our community with millions of traders from all around the world. 14, while more conservative estimates place it around $25 $36. PrimeXBT follows KYC and AML rules for a safe and legal trading place. That said, it’s not for beginners—definitely more of a learning curve here. Returns may be subject to tax. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. Add funds to your account by selecting your preferred payment method. PrimeXBT supports credit/debit cards, cryptocurrencies, and Volet for all traders. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. While account creation isn’t mandatory, providing just your email and setting up a password unlocks benefits like fee discounts, cashback on every exchange, and other exclusive offers. That is not entirely true. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Furthermore, PrimeXBT stands out from the competition thanks to its competitive spreads and high leverage choices up to 1:1000 for currency pairs. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

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It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. The exchange has not reported any hacking incidents to date. The PrimeXBT Euro 2024 giveaway has concluded, and one lucky trader has scored big. Some benefits of trading Bitcoin include a large number of trading opportunities, the possibility to leverage your trades, and the potential of mass adoption of the coin around the world. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Additionally, withdrawals to a bank card come with a hefty 5% fee. Dear Bruno,We’re glad to hear that you’ve done your research on PrimeXBT and are satisfied with the quality of our services and tools. Monitoring is something that will be different for everyone. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. GAS are derived from a combination of the first and second nearby month future contracts. PrimeXBT does not offer a sign up bonus but a deposit bonus of 7% is offered. Compensation Fund per user. For more information, please see our Cookie Notice and our Privacy Policy. Financial incentive for signal provider. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. However, Dogecoin didn’t strike out. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. By understanding these factors, traders can make informed decisions about their trading activities and ensure compliance with local laws. For those looking for more dynamic strategies, CEX. Select the ‘Deposit Crypto’ option. ” The fact that Dogecoin is unlimited in the amount that can be mined suggests that more likely than not, the price of DOGE will remain low. So, to overlook the uncertainty and market volatility, we asked ChatGPT to make predictions on the XRP price ahead. Trolling, in all its forms, will lead to a suspension or permanent ban. I use there apps but the apps didn’t run smoothly. Natural Gas and Oil Forecast: Will Bullish Trends Push Prices Past $75.

Equal

There are several reasons why a coupon code for primexbt. 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. You can only withdraw fiat using the same payment method you used for deposits. By 2025, we predict a surge in the price of Chainlink LINK due to an increased adoption of blockchain technology and decentralized finance DeFi solutions. Conversely, when the price falls below the lower band, it could suggest an oversold condition and a potential price increase. Go to Settings > Security and enable Install from Unknown Sources if prompted. Information regarding past performance is not a reliable indicator of future performance. Traders have all the tools needed to succeed regardless of market direction. But, the transparency of this process raises questions. Optional KYC and a demo account for practice are also available. Crypto Savings Accounts: Risks linked with cryptocurrency savings accounts include weaknesses in smart contracts, possible money losses as a result of platform hacks or other exploitation, changes in interest rates, and market risks related to the underlying cryptocurrencies. Along with a variety of global indices, traders can access major indices such as the SandP 500, NASDAQ, FTSE 100, and DAX 30. Here’s a detailed overview of PrimeXBT withdrawal fees. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. Visit PrimeXBT to experience the platform’s cutting edge financial technology. Active users across the world.

Trading Fees:

CCrypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. My experience with PrimeXBT’s customer support was mixed. Select the desired amount you wish to transfer, and click on the blue ‘Transfer’ button. Instead of making a profit, the main purpose of hedging is to mitigate and reduce your downside risks and potential losses when trading Bitcoin. Some products and/or services might not be covered by the Compensation Fund. PrimeXBT emphasises tailoring the trading experience to meet each user’s individual needs, offering a flexible margin system and a highly customisable user interface. I created my account with Binance four years ago. In the following sections, we will explore the specific steps involved in the KYC process and how to complete them efficiently. The benefits of using exchanges without verification include enhanced privacy, the ability to trade anonymously, quicker access to trading platforms, and avoiding the hassle of submitting personal documents. I believe that blockchain technology can build a brighter future and am excited to be part of it. ◾️How much money can I make. With over a million users across 150 countries, PrimeXBT offers low fees, advanced tools, copy trading, and top notch security. I also found the platform intuitive and feature rich, offering a massive assortment of analytical tools and chart configurations. Deposits are free, but there are withdrawal fees for cryptocurrencies. PrimeXBT presents an interface that’s both customizable and user friendly. While I appreciated its user friendly interface, it does face the common limitation of all trading apps: the challenge of analyzing price action effectively on low resolution devices. There are so many illegitimate websites out there that it is sometimes difficult to determine if you are opening an account with one of the best or just another scam that has been set up by cyber criminals. If you lose a margin trade, it is the same as in the other trade, money will be deducted from your account. This causes a slight delay in funds being available in the account. Q 7 Can Stellar Lumens Reach $10. There is also a powerful filter option that shows the total profit of each trader, the total AUM, and the number of followers, which helps narrow your search for successful traders. But Bybit doesn’t forget the social aspect. The platform features a diverse range of derivative trading instruments, including Crypto Futures and CFDs for both traditional assets and Crypto. 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. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.