PrimeXBT vs Bybit 2025: Which Exchange is Best for Crypto Trading?

This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. When we used PrimeXBT, we found the company primarily deals in cryptos when it comes to transactions. Some products and/or services might not be covered by the Compensation Fund. We’re thrilled to hear that we stand out as a top notch crypto exchange compared to others you’ve used. Bisq acknowledges that most centralized exchanges require users to divulge personal information in order to set up an account, and then in turn link users’ trading activity to their respective identities. Coincub is an independent publisher and comparison service. Pro Tip 💯️: If you need to have your query answered quickly and you are not getting a response through their ticket support system then you can always hit them up on their social media. They offer the least comprehensive oversight of brokerage firms, meaning brokers under their watch face fewer requirements and less strict compliance enforcement. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. No pumping this includes links to PnD pump and dump groups, encouraging users to join a PnD group or instructions to join one. The exact amount and conditions for these fees can vary. To help contextualize this PrimeXBT copy trading review and discussion on its futures, let’s walk through how to access these features. $20,000 or equivalent for unverified users. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. At PrimeXBT, we cater to diverse user needs with multiple deposit methods. Bitcoin has surged past the 100k psychological level to set a new record high. You’ll find the answer in the next section.

◾️I didn’t receive a withdrawal confirmation email

Here is the first page you land on after signing in on the PrimeXBT app. Non cumulative: You cannot stack multiple promo bonuses of the same type. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Lately, I hear more often that someone is trading on this platform or opened trading account. By following these strategies, you can make the most of your No Deposit Bonus and potentially achieve better trading results. It is advisable to stay updated by checking the promotions page frequently. Crown – LRS does NOT guarantee any color for portable units or solar lights in any units. The EUR/USD pair is a popular currency pair to trade in the. Either way, I remember they used to advertise very aggressively on YouTube and via Google ads a couple of years ago. Stay tuned as we unravel the final aspects of this trading platform to help you make an informed decision in the next part. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. Another extremely popular Crypto signal provider is Wolf of Trading. Next, we will explore the benefits of adjusting leverage on PrimeXBT. For a complete list of restricted regions, refer to Section 1. What Makes EUR/USD the Most Traded Currency Pair. Additionally, OKX offers an easy way to get involved with direct crypto options trading, making it far more accessible than Bybit’s more complicated, experience orientated system. For our trading test, we thoroughly evaluated the PrimeXBT platform. The fiat withdrawal process was straightforward but took a long time. Its benefits make MEXC one of the best alternatives to Bybit for traders. Below is a chart that shows how a traditional margin loan would work in a traditional stock brokerage. PrimeXBT packs a punch for seasoned traders with its rich toolkit and deep market insights—dive deeper to see how it can elevate your trading game. Please note: both the registration form and the Personal Account you will create are still only available in English. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading https://primexbt-traders.com/bonus/ strategy, and trading history breakdowns. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Com to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. Receive the latest news and stay informed. It also trades from one place to another successfully. This resulted in massive investments that failed to follow a scientific or academic approach, ending poorly, as the performance of the token brought collateral damage to investors.

Contact Information

Yes, standard trading fees apply to trades executed within the Covesting module. Here’s a summary of the withdrawal fees for some popular coins. Some products and/or services might not be covered by the Compensation Fund. As for the total, it is almost impossible to know. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. High ratings globally. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. DOT has registered an increase of just 1. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. PrimeXBT runs random stress tests and security audits to ensure its network stays secure. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. The only section where PrimeXBT is winning is the different types of assets as you can not only trade cryptos but also stocks, forex, indices, and commodities with up to 1000x leverage. Once this is done, you can log back into your account and access the trading platform and the account features. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. $20,000 or equivalent for unverified users. Traders can select “add widget” and they will be given a list of different ones to choose from. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT. At this point, you are betting on a price decline. It can be downloaded for both Android and iOS.

Profitability

This indicates the desire to keep evolving Bitcoin and cryptocurrency in general, but BCH’s reason for forking was mainly due to the 1MB block size limitation for bitcoin. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. Ensure you use the latest version for a seamless experience. Bybit utilizes the same Maker/Taker fee model as most crypto exchanges and is towards the low fee end of the spectrum. I have broken down the most important research tools with PrimeXBT below. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. When a trader opens a leveraged position, PrimeXBT provides the additional funds needed to increase the position size. The top 100 cryptocurrencies are popular with investors because most have strong technological backings. Similarly, a position of $100 would require only $0. Yes Bitget offers fiat on and offramp services via third party integrations. Another reason why PrimeXBT could be a superior alternative to Bybit for some users is its weekly trading competitions. Here you can message traders to assess their personality, knowledge, communication style, and transparency before following them. As well as this, there are opportunities for earning through liquidity provision on the dex. 🇺🇸 Fed rate decision: Vital for traders as it shapes rate expectations moving forward.

Increased risks

Agents respond within seconds and are fairly knowledgeable. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. Additional opportunities with cryptocurrency. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. US users have access to more than 70 coins, which far outpaces PrimeXBT. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. The most conservative entries prevent losses, but only the most extreme moves will be traded. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. If you’re looking for a crypto margin trading exchange, BYDFi offers some of the highest leverage ratios with up to 200x leverage on certain margin contracts according to our expert trader Kyle. Can trade currency/metal CFDs there too, but I don’t do that. Risk management tools: Look for tools like stop loss and take profit options to protect your investments and ensure a secure trading environment. Proprietary trading platform. These include increased profit share and reduced trading fees, making PrimeXBT’s conditions even more competitive. PrimeXBT offers competitive trading fees, charging a low 0. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics. It’s possible, but it will probably not have a massive future.

Author

The PrimeXBT cryptocurrency exchange recorded $ 575. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is also a member of the Financial Commission. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. For our trading test, we thoroughly evaluated the PrimeXBT platform. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. But if you need to use an exchange to conduct a transaction, you may want to consider a non custodial exchange as all exchanges are targets for hackers. I always recommend that traders check them before evaluating the total trading costs. 071 USDT in trading fees. 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. Trading cryptocurrencies on margin can be very profitable if you understand the risks and challenges of leverage. It features customizable interfaces, TradingView charts, and competitive fees, providing flexibility for traders. PrimeXBT is here to lift you up with our brand new Earn Mondays campaign. You can track the status of your promo codes under the ‘Promo campaigns’ section. However, there are some regions where PrimeXBT does not accept users, including. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. We appreciate your perspective and understand that everyone’s experience can vary. Our website uses cookies. Alexandra Williams has been a trader and observer since 2019. 1M+ community members. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT.

Translator and Proprietor

Withdrawal fees are charges applied when transferring funds out of your PrimeXBT trading account. Counterfeit apps, often disguised as legitimate providers, may compromise your data or deliver inaccurate or fake signals. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. We have tested the work of support at different times of the day and in different languages English, Russian, Ukrainian and can conclude that managers do not make the user wait long. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. At PrimeXBT, we aim to provide a seamless trading experience that caters to all levels of traders. Information regarding past performance is not a reliable indicator of future performance. A major advantage of CFDs is that leverage and margin trading is available to traders and easy to use. Short selling, on the other hand, allows you to profit from falling prices in the market. However, it also increases your potential losses when the price of a cryptocurrency doesn’t perform as expected. Users can access the most popular DeFI applications from within the PrimeXBT dashboard to stake idle digital assets and earn a variable interest rate paid out in daily crypto rewards. We have watched Bybit go from a small insignificant exchange to one of the largest, most trusted and reputal exchanges in the space, one that we are fans of nowadays. Research by Coinjournal puts the prediction at $0.

My Key Takeaways After Testing PrimeXBT Desktop

Uptrends are characterized by higher highs and higher lows, while downtrends form with consecutive lower lows and lower highs. Additionally, Binance provides extensive educational resources such as tutorials, webinars, and articles to help users learn about trading and the platform’s features. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy. Crypto trading is like a relationship. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. The action of investors is recorded on the blockchain. Fundamental Analysis: The BoE left the rates unchanged giving a minor lift to the GBP. 2% fee per trade plus a 0. It runs on RippleNet, a decentralized network of financial institutions that use Ripple’s blockchain and API technology to clear and settle transactions.

POPULAR

However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Additionally, traders can use a range of cryptocurrencies for deposits and withdrawals and as their account’s base currency. Potential for Long Term Growth: Cardano has a sizable fanbase thanks to its underlying technology and distinctive characteristics, like its layered design and peer reviewed process. There you can create, track your multi currency wallets and make deposits or withdrawals. Yes, after careful research, Bitcoin is a great investment. Keeping things simple is PrimeXBT’s approach to account type and fees. Based trading solutions allow for reaction times not possible by human beings, it removes the potential for emotional trading and human error. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Our in house experts will assist you with their hand picked recommendations. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. Be sure to check this section regularly to take advantage of special deals. All logins to your account are reflected in your Settings menu, under Last logins. We understand it can be a demanding endeavor, requiring significant time and energy. Information regarding past performance is not a reliable indicator of future performance. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Refunds are processed per the Withdrawal and Refund Policy. PrimeXBT does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by PrimeXBT.

Currency:

Go to Settings > Security and enable Install from Unknown Sources if prompted. Additionally, PrimeXBT’s partnership program offers an excellent opportunity for individuals to earn lucrative rewards by promoting the platform to others. By understanding the anatomy of a serious bear trap pattern, recognizing key indicators, and adopting protective strategies, traders can navigate the intricate world of trading with greater confidence. These platforms are available in the Client’s Personal Cabinet, they do not need to be downloaded and installed. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Our website uses cookies. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The information on this website is for educational purposes only, and investing carries risks. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. The platform was the first to introduce USDCoptions to the crypto market. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. The market tends to get spooked whenever there is a shift in the global crypto regulations. Jito Staked SOL JITOSOL. If the app is unavailable in your region, you can still access it through direct download from our site. This means that their margin balance is now 96 BTC. The platform allows both cryptocurrency and fiat withdrawals through various channels, providing flexibility and ease of access. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit.

Worse

These fees apply for positions held open overnight. To raise the PrimeXBT withdrawal limit to unlimited, you must verify your identity with a selfie and ID or passport. Prior to making any investing decisions, it is essential to comprehend these elements. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Investing in Cryptocurrencies can be extremely profitable, but also lead to significant losses when the market eventually turns down. In terms of funding an account, there are no fees that are applied to inward payments. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. Although this seems like a negative, it may infinitely beneficial when making a Polkadot price prediction for a long position – i. Headquartered in San Francisco, the exchange employs around 5000 people and has offices worldwide. Via the Main page, users can view. The spot CFD markets also have the added benefit of being able to trade in smaller sizes. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. PrimeXBT PTY LTD previously Stack Advisory 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. Information written by the company. It’s like having experts guide your trading decisions without having to pay for financial advice. Io feature is another big plus. Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders. If the app is unavailable in your region, you can still access it through direct download from our site.