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

Due to this flexibility, traders are able to select the most practical way for each transaction. PrimeXBT may at any time in its sole and absolute discretion, without notice or assigning any reason therefore, terminate a Promo campaign, or delete, vary, supplement, amend, restrict, withdraw, or modify any one or more of the Promo campaign rules and conditions, including without limitation, eligibility of any client. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. Utilising its own Cryptocurrency, Ripple XRP, the network offers near instant cross border transactions. The benefit to the Crypto signal providers, is that they either get followers that they can market their paid signals to, or they are affiliated with a broker that they can recommend to the people using their free Crypto signals. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. When using live chat, I usually received a response within 2 minutes. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Navigate to the asset you want to deposit, and you will be shown a screen with your crypto deposit address. It is more likely than not a situation where the market will continue to go higher over the longer term, but it may be very stagnant for a couple of years. Margin trading crypto works just like in other financial markets – a trader borrows money from his or her broker in order to fund a crypto trading position. We registered a demo account with PrimeXBT and found that it is a great resource for traders in Namibia who are new to online trading. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Regulatory uncertainty or unfavorable developments, such as restrictions or heightened scrutiny on crypto activities, can create volatility and affect investor confidence in Polkadot. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Good platform to learn how to trade. The client agreement, risk notice, execution policy, and other legal documents are easily accessible and fairly transparent. However, having a copy trading strategy may help you in choosing the best traders to follow. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. PrimeXBT is one of the rare brokers with two margin call thresholds 16. The withdrawal fee on PrimeXBT is 0. This is why many prefer the term pseudonymous when it comes to crypto.

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In the next section, we will provide a detailed guide to the identification documents required for the KYC process. Since non KYC exchanges typically do not require identity verification, it’s even more critical that they offer strong security protocols. Information regarding past performance is not a reliable indicator of future performance. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Make sure that you practice adequate risk management. Once your purchase is finalized, the Crypto will be instantly credited to the wallet you selected. Taking a look at all the tools available on the platform, traders can use a broad range of different sophisticated trading tools such as fan lines, Fibonaccis, retracements, and other trace lines. Processing times vary but are generally in line with industry standards. 1M+ community members. These services are governed by the legal terms and conditions of PXBT. PrimeXBT’s partnership programs offer some of the most competitive financial rewards in the industry. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. The opinions expressed here are the author’s alone. Due to increased regulatory pressures, these platforms must adopt comprehensive KYC processes. The United States of America US Reportable Persons. Furthermore, the analysts believe that Polkadot price will reach over $22 in 2026. But markets are always moving and orders sometimes begin to fill during large price movements. We’re here to help make your trading experience as smooth and successful as possible.

Setting Up Two Factor Authentication 2FA

Bitcoin Cash and Bitcoin Gold, and ‘Halving Events’, which occur approximately every four years. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. For instance, funding fees for BTC on Binance and Bybit were both 0. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. To learn more about all it entails, read our referral program guide. XRP Whale Activity Hits Four Year Low: What Does It Mean for Traders. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and PrimeXBT limited potential challenges of using PrimeXBT. Look for a platform that offers a wide variety of assets under one roof and never underestimate the impact portfolio diversification can have on lowering risk and increasing profitability. Trade 100+ markets like BTCUSD, EURUSD and SP500.

Reviews4 5

This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Receive the latest news and stay informed. We assume no liability for the completeness or accuracy of the information. PrimeXBT opts to avoid the regulatory labyrinth by restricting services to US residents. Bybit follows a tiered structure with the following fees for Spot and Derivatives trading. It offers a wide variety of charts, indicators, and trading tools that help traders make well informed decisions. While it operates in the crowded trading landscape, PrimeXBT has built a solid reputation for its robust security measures, competitive fees, and 24/7 customer support, making it a compelling choice for traders seeking diverse trading opportunities on a single platform. In our opinion, the presence of a position holding fee makes intraday short term futures trading more profitable for PrimeXBT clients than medium term and long term transactions.

PrimeXBT Deposit Options

The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. Go to Settings > Security and enable Install from Unknown Sources if prompted. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. Learn more about Baksta’s Legal Terms. In the dynamic world of trading, where opportunities and risks intertwine, a nuanced understanding of long and short positions is indispensable for crafting a robust and effective trading strategy. PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. Much of the content focuses on topics like “Which is a better investment: Bitcoin or Gold. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality. US users have access to more than 70 coins, which far outpaces PrimeXBT. Restricted JurisdictionsPrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. However, there were a few areas of disappointment. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. Next, we will provide a detailed guide on how to access PrimeXBT from different regions. Information regarding past performance is not a reliable indicator of future performance. Understanding these impacts is crucial for traders to navigate the platform effectively and ensure compliance with local laws. In our final thoughts, PrimeXBT shines with its trading tools, low fees, and secure setup. New Use Cases: If Dogecoin were to see the emergence of new use cases, this might assist raise its intrinsic value and draw in more investors. Users can deposit cash directly to their Cash Wallets on PrimeXBT from. There are three simple steps in order to receive the bonus. Reply from PrimeXBT Copy Trading. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email.

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Volet deposits are free, while Perfect Money charges a 1. Uncover Bybit’s pros and cons, trading options, security measures, and other features of this crypto exchange. If the app is unavailable in your region, you can still access it through direct download from our site. This meant checking their past performance on platforms like eToro and Binance. 67 USDHow can the financing of this trade outweigh the profit by a few cents. If your research and trade setup leads to a positive move, you must keep track of the short squeeze. Let’s see what makes PrimeXBT stand out and address some common concerns. PrimeXBT Trading Services, S. Scan this code to download app. Autocopying has additional advantages, which you can learn more about in myAlpari. PrimeXBT offers a range of tools and features designed to help traders succeed, and leveraging these resources can be beneficial. But most days, I sit at my computer and feel luckier than I know how to describe. The impact of this event was very bullish for Bitcoin. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. The customer service priority is high and that’s a good sign. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. This type of order allows traders to lock in profits while allowing for potential further gains, making it a versatile tool in trending markets. PrimeXBT exchange launched in February 2019, as such they are a relatively new exchange. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. In the case of a withdrawal, customers will need to head on over to the “withdraw” page where they will provide their personal crypto address and simply send the crypto funds to the address of their choice. The best cryptocurrency to buy is the one you feel the most comfortable with. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. It’s important for traders to factor in these costs when planning their trading strategies, especially if they intend to hold positions for several days or weeks.

Diego Sanchez

Requests submitted after 12:00 UTC are processed on the next day, ensuring a structured and timely withdrawal process for all users. Morgan partnering with Polygon, the project has already cemented its place as a key player in the Crypto world. Type above and press Enter to search. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. The broker does not provide any share CFDs or lower risk securities e. Frequently used modules like the order book, pending orders, and multi chart windows can be configured however you want. However, if you are looking for short term profits, market fluctuations should be watched closely. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. It’s important to understand the inherent risks associated with leveraged tokens before using them, as they can be complex instruments. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Read next: How to legally. Additionally, PrimeXBT displays order book and live trade data alongside the price charts. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. The maximum leverage is 1:200.

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When you are involved in the Forex markets, you are trading them via a network of banks. PrimeXBT 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. A pump and dump is a scheme that new Crypto traders must avoid at all costs. That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. The process of opening an account differs between exchanges. The Ascent does not cover all offers on the market. It’s often these assets that are extremely oversold that perform the best during the next bull market. I got caught yesterday in a very expensive 25x position on a short sell. Placing trades on PrimeXBT is simple, with an easy to use order form. When you buy Local Trade Copier™, you’ll get both versions with one subscription. It’s easy to use and everyone can use this because it’s profitable for everyone. Nobody begins a road trip without first consulting a map. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Unfortunately, PrimeXBT does not offer any fee discounts based on trading volume. This means that they can make money on a fall in the price of the asset. Scan this code to download app. In the world of Crypto leverage trading and margin trading, you can use two main approaches to capitalise on price movements, long trades and short trades. To start trading, clients will need to deposit and this can be done using only Bitcoin minimum 0. Understanding how margin trading works, including its benefits and drawbacks, is essential for traders to make informed decisions.

Diego Sanchez

Here’s a simplified example of how leverage translates to Crypto trading. PrimeXBT is a prominent trading platform offering a range of financial instruments, including cryptocurrencies, forex, commodities, and indices. If it is, as a general rule traders will want to own that currency. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. I first thought it’s only about crypto. 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. After all, we asked, ‘Is Phemex legit. This process is designed to enhance the security of your transactions and account. However, some exchanges are generally considered to be among the safest, such as Coinbase, Gemini, and Bitstamp. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. 1%, and variable overnight swap fees tailored to each asset. The thing is that prices always differ from one broker to another, because such derivative is a trading instrument provided by the firm, and differently from Futures has no particular exchange. 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 should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. It’s the most valuable resource we have. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. This is also one of our main review criteria when it comes to grading an exchange. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. 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.

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When reviewing a broker, we assess if it suits different trading strategies and trader profiles. These sometimes translate to the features that ultimately help a trader make a decision about which platform is their preference. Activate your account when registered successfully and start trading with the bonus credits. Be sure you fully understand the risks involved in leveraged trading before using leverage on a live account. Studying these materials could be an immersive learning experience for aspiring traders. Although PrimeXBT follows industry best practices for safety and to prevent malicious attacks, there is always a risk associated with keeping your crypto on centralized third party exchanges including PrimeXBT. Over the last few years,. The Central Bank of Mexico cut rates as well. In case you have any questions about the PrimeXBT platform or trading, you can use its Help Center section to find answers. You’d need to accept their terms and click on “Register” to submit. Start small and gradually invest your funds in social trading, and do not risk more than you can afford to lose. Since PrimeXBT’s inception, services have been restricted to users or residents of a number of countries globally. That being said, with the way that Steller has sold off the risk to reward ratio is astronomically high. PrimeXBT supports a wide range of countries, offering traders from these regions full access to its trading services and features. PrimeXBT offers a transparent fee structure that is competitive within the trading industry. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Baksta is a virtual currency exchange operator and virtual wallet holder with the Financial Crimes Investigation Service FCIS. Get access to a wide range of trading, investing, and Crypto services from a single app. The latter will not apply if you enter and exit the position within the day. To enhance your account membership and diminish trading fees, acquiring COV tokens is necessary, which, in turn, boosts your share of profits. Overall, I rank PrimeXBT in the middle of the pack. We understand that KYC procedures can sometimes feel burdensome, but they are crucial for preventing fraud and protecting all our users. The reason is that Bybit supports over 500 crypto assets and crypto derivatives, compared to the approximate 40 found on PrimeXBT.

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They’re very competitive and you won’t feel like you’re being ripped off. Therefore, I cautiously recommend PrimeXBT as a legitimate and safe broker, as it lacks operational history. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES. Ethereum projected growth has slowed after a slew of problems in the crypto world, but crypto is starting to behave very much as tech stocks did in the 1990s, as the market is now in the process of flushing out some of the less valuable networks. You can then buy, sell, and trade cryptos without giving any personal details or documents. In case you have any questions about the PrimeXBT platform or trading, you can use its Help Center section to find answers. Learn more about Baksta’s Legal Terms. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. If you are ready to place a trade, you typically need to change a dialog box from “market order” to “pending order. One of the main advantages of the platform is copy trading the ability to automatically copy other users’ trades and earn passive income.