How Does Margin Trading Work in Crypto
Receive the latest news and stay informed. Ever feel lost trying to figure out the ups and downs of the market. Both ecosystems offer strength and speed in comparison to others, especially Ethereum. There’s no reliable way to determine what prices will be years from now. PrimeXBT processes all pending withdrawals once a day, between 12:00 and 14:00 UTC. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. The minimum transaction cost on PrimeXBT charged is 0. Best Mobile Trading App. If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. All pending withdrawals are processed once a day between 12:00 and 14:00 GMT. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. In a short time, both companies developed a module integrated with the PrimeXBT platform, which was launched in 2020 and quickly gained popularity among novice traders. To cancel an active Promo, click the ‘X’ button. Operating from its base in the Marshall Islands, PrimeXBT extends its services to over 150 countries, underscoring its global reach. The COV token will provide users with utility by improving the follower’s profit share of the current offer, or allow a larger follower count for strategy managers. Account verification is completed upon Depositing Cash. This is an example of a lower risk strategy. No, PrimeXBT does not offer a sign up bonus for first time sign ups or beginner traders, but they offer a deposit bonus. The usual fee that you will find is 0. XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open source technology and that. Markets are cyclical, so in time, even Dogecoin will see another potential bull market breakout, and this seems to have started earlier in 2024 than expected and may continue into 2025. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. The platform itself was launched in 2018 and now counts well over 100,00 traders with a daily trading volume of more than 600 million US dollars.
Technical Analysis Through Charting Software
As your volume increases, these fees can plummet to as low as 0. This code can be used to restore 2FA time codes for your account. No counterfeit coins or transactions, nor any double spending is possible. So you have full control of your leverage and risk by controlling position sizes in your portfolio. Roger Ver is the man who has driven this fork and has been pushing the idea that it was the original creator of Bitcoin, Satoshi Nakamoto, to have a digital currency that was functional under pressure. Withdrawals are limited to a maximum of $20,000 per day, unless you verify your account, in which case there are no limits. PrimeXBT acts as an STP broker to ensure fast order execution and excellent liquidity for traders. The price today certainly will not reflect the price tomorrow. All of this depends on your own circumstances. We should note that we carried out much of this review on the PrimeXBT app. The market capitalization of crypto was cut in half, and the cardano price prediction of many experts was destroyed, as it dropped down to near $0. Org is an independent organization where we help users to discover the latest promo codes, referral codes, invite codes for new user sign up bonuses. Profits are also just as shocking, so it does end up being worth the risk in the long term for those who apply sound money management. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. If paying in USD, Simplex will charge 5% fee minimum $ 10, if paying in other coins, an additional 5% conversion fee. It’s https://primexbt-invest.com/copy-trading/ all a case by case scenario. As mentioned, you can also trade forex, commodities, and stock indices. PrimeXBT offers its traders 3 different types of orders for entering and exiting trades. PrimeXBT charts reflect top of the book BID quotes received from our liquidity providers not FILL prices. The best known blockchain continues to blossom in popularity with crypto casino users. Direct Crypto deposits from your personal Crypto wallets to your PrimeXBT wallets. This means that users can insert a new panel onto any one of their desired workspaces. The future’s trading dashboard on PrimeXBT is user friendly and feature rich, featuring hundreds of indicators and drawing tools integrated from TradingView, and multiple different market views to give traders all they need to place informed futures trades. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. All contents on this site is for informational purposes only and does not constitute financial advice. It will show up under their respective taps. The idea of “investing” in Shiba Inu is a bit of a misnomer because it is far too volatile to consider an investment in normal terms. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions.
PrimeXBT Crypto Futures Review
The platform itself was launched in 2018 and now counts well over 100,00 traders with a daily trading volume of more than 600 million US dollars. We’re here to help you. Note: Users located in the US and UK are not supported. A cryptocurrency exchange can typically send cryptocurrency to a user’s personal cryptocurrency wallet. In this case, you will go to the “withdrawal” page, where you will give them your personal Bitcoin address. On chain market data offers valuable insight into investor behaviour. Through these third parties, customers can buy BTC, ETH, USDT and USDC. If you use 100x leverage, which is the highest leverage possible on PrimeXBT, it only takes a 1% drop in the Bitcoin price for us to reach the liquidation price. Here, you have the option of not paying transaction fees. 339 sk no 10/ ABağlar / Diyarbakır. For additional details on the newly added assets found on PrimeXBT, click here. However, users can also open ETH, USDT, USDC, COV, and USD margin accounts. Next, you’ll need to enter your email address and a password. Requirements for Opening a PrimeXBT AccountTable of contentsRequirements for Opening a PrimeXBT AccountIs There a PrimeXBT Welcome Bonus. Any withdrawal of your own funds from Trading account to Wallet will automatically remove the full amount of Bonus provided. Step 1: Log in to your account and Go to the ‘Trade’ tab. No, all that is required to open a PrimeXBT account is a valid email address and password. Coupons and Promo Codes. PrimeXBT offers a robust trading system for traders that demand highly reliable market data and performance. Disclaimer: These are the writer’s opinions and should not be considered investment advice. When the new customers sign up and register with Primexbt the affiliated partner earns a commission, depending on the trading fee of the referral, primexbt platform will pay a commission up to 4 levels. In 2017, Bitcoin potential took the world by storm, as many became rich beyond their wildest dreams once Bitcoin reached its former all time high of $20,000 per BTC coin. In particular, decentralized exchanges may be more secure than centralized exchanges due to their non custodial nature. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Make sure to check our FAQ section about ‘Withdrawing funds’ for the list of withdrawal fees.
Trading and Analysis Tools
PrimeXBT offers an affiliate programme where you can make money by introducing people to the site. The primary imperative of KYC compliance requirements is to ensure that funds are not used for money laundering, terrorist financing or other illicit cryptocurrency transactions. This bonus is subject to the ‘fixed tradable bonus’ rules and conditions. The leaderboard list, which opens up when you launch the PrimeXBT copy trading tab, shows the number of days each account has been active, the total percentage of gains they have made, and the total follower equity. Subscribe to our newsletters. Along with the explosion of interest in cryptocurrency, there is a growing need for clarity regarding the legal implications of these new currencies and the technologies that drive them. Although they have the same commission for your direct referral, BitMEX does not offer tiered referral payouts. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. Date of experience: February 20, 2024.
Assets
Luckily, PrimeXBT has announced the upcoming launch of an isolated account type that will cater to those who prefer a different approach. Simply click here, and follow the on screen prompts. All you need to do to get started using dYdX is connect a non custodial wallet. We saw pairings between the US dollar and Bitcoin, Ethereum, Litecoin, RIpple, EOS, Dogecoin, BNB and much more. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. It is clear why this method can provide such profit as it allows traders to invest more money than they have in the hopes of making a return on that increased amount. Currently, PrimeXBT charges a very low flat fee of about 0. One of the measures that these organisations employ are KYC processes. Therefore, news about blockchain adoption should be something to look out for. Vincent and The Grenadines and moved its domain and trading infrastructure to the so called world’s capital of cryptocurrency – Switzerland. Note ✍️: There are also financing fees on PrimeXBT which are dynamic. At the moment integration with third party charting services is not available. While MEXC excels in many areas, there’s room for improvement in educational resources for beginners and direct fiat currency exchanges. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. Another key benefit is Cardano’s dedication to sustainability and scalability.
Can You Lose More Than You Invested On PrimeXBT?
0972% on forex and from 0. Copy and social trading have become massively popular and is a feature that is supported by many popular trading platforms like eToro and Avatrade. Currently, 2024 looks bright for crypto and $SHIB, with the most anticipated Bitcoin Halving event ever coming in April and a layer 2 focused Ethereum upgrade successfully completed in March, reducing fees for layer 2s like Shibarium. Becoming a day trader is easy and fast, spend some time learning how to day trade online, then find the right platform based on a variety of critical factors. To participate you need to. I am way more confident and trade fx pairs with pleasure here. You have been warned, this platform is a scam. This is active and manned 24/7.
Welcome $100 No Deposit Bonus – SoegeeFX
Because this is a short position, you deduct the closing price $7,354 from the opening price $7,400 of your position to calculate profit, before multiplying by its size of 10. A day trader can use range trading to detect when a token has been oversold or overbought. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. The bonus will show as a ‘Reward’ in your margin account. The prices of commodities BRENT, CRUDE, and NAT. Date of experience: February 11, 2021. PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. Click the ‘Continue’ button to return to your PrimeXBT currency Wallet where the deposited funds will be reflected. Before you press “Confirm”, review the order. It will show up under their respective taps. Click on the Margin Type of any of your positions in the ‘Positions’ sub section to open a special sub menu to manage them. Personal, spiritual, emotional, and financially. I opened an account and it was already running within a few minutes of starting, it was also easy to use the features on Prime XBT nothing complicated. All content on CaptainAltcoin is provided solely for informational purposes. They let crypto users earn interest on their tokens, as they can connect to several decentralized financial yield generating applications with the highest possible returns. Rewards: Account holders can earn rewards via the Rewards Center. To deposit Crypto, click the ‘Deposit’ button on the Main page. This results in lightning fast order execution and minimal latency, which traders benefit from. There are hundreds of cryptocurrency exchanges to choose from, so how do you know the right one to choose. Returns or profits may be subject to capital gains tax. You did just changed the rules after an agreement. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. That is why we depend on user reported issues as well.
About PrimeXBT Copy Trading
Yes Bitget offers fiat on and offramp services via third party integrations. The name “HODL” is derived from a misspelling of “hold” on a popular cryptocurrency forum. PrimeXBT’s unique selling proposition is its advanced security measures and the innovative copy trading feature, which enables users to replicate the trades of successful traders. 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. But this method won’t offer you the best rates having a crypto wallet to easily deposit and withdraw from your PrimeXBT trading account is the best option. Higher Volume and Liquidity. In contrast, PrimeXBT charges a flat fee for trades, which allows for easy calculation of trading costs, regardless of the trading volume. Information on the TradersUnion. That being said, there are a multitude of reasons to do so. McCaleb partnered with lawyer Joyce Kim to launch the project. As of April 4th, 2024, Binance introduces Saga SAGA, spotlighting it as the latest innovation in their lineup as the 51st Launchpool project, with the mission to redefine the landscape. Either that or you’re in different places in your trading journey.
CONSULTING
In this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT, you will learn EXACTLY how to trade Bitcoin, Altcoins, and numerous Crypto derivatives on the PrimeXBT platform. So, why would a trader want to trade on margin. Customer support is one of the most important features of any trading platform. PrimeXBT ha davvero reso il trading molto più conveniente e accessibile. Charts: TradingView powers Charts on PrimeXBT. PrimeXBT charges a slightly higher makers and takers fee for global markets and copy trading. Simply put, higher leverage means that the liquidation price will be closer to your entry price, which is riskier. For instance, PrimeXBT charges a 0. Welcome to our honest PrimeXBT review. However, past results are not indicative of future performance. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Now, we have customized the trading interface a bit, and that’s how it looks like. PrimeXBT is a good broker which has plenty to offer: intuitive and innovative trading platforms, competitive leverage rates, and a new covesting module that is attractive to experienced traders and beginners alike. The Bonus is reflected as ‘Reward’ in the Margin account it is activated on;. Yes, They will give you 50usd but at first you have to deposit 100usd or 0. PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. There is up to 1,000x leverage on certain commodity and forex assets. One big reason for this is that many investors consider Cardano to be one of the most sustainable cryptocurrencies. This feature is appealing to users who prioritize privacy and wish to trade anonymously. Anyone complaining about hidden costs hasn’t checked well. Cent Account Forex BrokersMicro Account Forex BrokersPAMM Account Forex BrokersSwap Free Account Brokers. 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. Platforms and Charting Tools. The target audience of the platform is aimed at both traders and non traders alike. However, this comes with increased risk because of something called the “liquidation price”. Sign up to receive notifications when PrimeXBT publishes outages.
Legal
You want them to trigger. We understand this can be unsettling, especially when trading under previously set terms. Web wallets are wallets that can be reached by visiting a website or domain URL. 01 change in price using highly leveraged markets, they would only need part of that $100,000, for example, $5,000. With that said, metals can climb to 1:500. An easy way of understanding leverage trading is to think of it as being able to open a position worth more money than the initial margin you are risking to open the position. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. BONUS TERMS AND CONDITIONS1. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. Currency trading is usually done in units of the pair. People use it to buy, sell, and store Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. Sharding is one of the critical areas of work in the ecosystem, allowing for more speed and scalability. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. Type above and press Enter to search. PrimeXBT offers high leverage which can increase the potential for profits. Lack of futures and margin copy trading options. In addition to opening and managing trades, the PrimeXBT mobile app allows you to set limit and stop orders to enter or exit positions automatically at predetermined prices. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH as well as Stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets.
Earn Huge Exclusive Binance Learners Rewards
1% of the required capital in order to take out that position. In this PrimeXBT Crypto Futures review, I’ve covered a range of important factors. Additionally PrimeXBT allows its users to make direct money deposits in USD from a personal AdvCash or Perfect Money Wallet. To make a direct cryptocurrency purchase on the PrimeXBT platform using your credit or debit card, all you need to do is click on the “Purchase BTC” link that appears on the deposit pop up. Read more about KYC policy. Com may receive compensation from the brands or services mentioned on this website. Tips for Further Exploration. Step 1: Log in to your account and then navigate to the Deposit page of the Account. The withdrawal fee is a flat fee i. PrimeXBT allows direct Fiat deposits to Global Markets currency trading account by automatically funding the trading account when a deposit is made to the wallet. Even though this concept is used more commonly by experienced traders, answering the question – of “what is leverage trading crypto like” is not as complicated as it may first seem. Ever feel lost trying to figure out the ups and downs of the market. O conjunto completo de produtos e serviços baseados em criptomoedas está disponível em toda a região da América Latina, permitindo serviços financeiros dramaticamente aprimorados nos principais países. Founded in 2019, PrimeXBT has grown to serve over 150 countries with offices in St. Since their prices are relatively static, buying without a leverage will invite no cost, or gain. Excessively volatile cryptocurrencies are dangerous for margin trades. Tailored to accommodate both newcomers and experienced traders, the platform integrates advanced trading options like margin trading and leveraged positions, enabling users to trade effectively in both rising and falling markets. Levels to watch: The Resistance is at 0. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. PrimeXBT will now ask you for this number. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. The pair of tweets sent major crypto plays into a drilling phase, with many big name cryptos down 8% or more today. Prime Technology Ltd is PrimeXBT’s Technology Provider. Or search for a confirmation email from. 1389% based on the type of trade. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all. The platform enables investors to delve into the traditional asset classes, with a robust lineup of Forex pairs—including major, cross, and exotic pairings—as well as a range of Commodities and Indices. In this OTC Trading Portal, PrimeXBT does not charge additional trading fees. To understand this, you’ll need to know the basics of trading on PrimeXBT, which you’ll learn in the following rapid fire Trading guide.
US dollar
PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. 0450 BTC to your Trading account before the offer expires. When we reached out, both Garret and Anthony below were free, and they got back to us almost immediately. That is not a criticism against them, these platforms are not in the niche of providing beginner and user friendly platforms, they are in the business of running advanced crypto trading platforms for serious and experienced traders. This is active and manned 24/7. Read our PrimeXBT review to see whether this is a legit crypto leverage trading site. Before you can successfully place your first Bitcoin trade on the PrimeXBT trading platform, you need to understand some important concepts and trading terms. Forex traders will need to choose a trading platform, and there are quite a few out there. When comparing to cryptocurrency margin trading exchanges, such as Kraken and Binance, these leverage rates are significantly higher. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. The lack of deposit and withdrawal limits allows users to move their funds as they see fit. These bots make it easier for a trader to keep track of the price movements and opportunities that increase the chances of profits. When comparing PrimexBT to other popular platforms in the crypto industry, it stands out for its diverse selection of skilled traders, real time synchronization of trades, and robust risk management features. There is a social trading section of PrimeXBT’s platform, allowing traders to compete with other traders for places on its leader board. A withdrawal requested before 12:00 UTC will be processed on the same day. Neither PrimeXBT nor FTX can be used by US persons, and FTX instead offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX International’s selection. On the downside, we were disappointed to see that the broker does not offer the well known MetaTrader 4 MT4 or MetaTrader 5 MT5 platforms. PrimeXBT restricts its services in certain countries due to regulatory requirements and licensing considerations. Can’t say that I am fully delighted by it, but these are just trifles, i guess. PrimeXBT does not charge any deposit fees. You have crypto rewards waiting to be collected. Outline the rationale and market view driving the trade concept, along with upside target and downside risk points. 90 per ETH, while Eth is priced at around $200. Our 24/7 support team here to helpLive chat.
TOP3 Recommended Crypto Exchanges:
This is the risky part of margin trading Bitcoin. Bybit offers one type of main account for traders that provides access to all the features and functions of the platform. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. It has a Covesting module which exists thanks to PrimeXBT’s partnership with Covesting a licensed DLT services provider and a software development company. A lot of this comes down to your timeframe, but if you are looking to invest and not make short term trades, Polygon will likely continue to attract much inflow. 120813, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands. The Earn platform on Bybit is a great place to help users grow their crypto holdings in an easy and secure manner. We’re here to help you. Our platform’s success has been further enhanced by our continual efforts to pass on as many possible savings as we can to users, and our recently released CPA program is sure to help stimulate further platform growth while also giving users another way to increase their profitability with PrimeXBT. 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. This is a high risk investment, and you should not expect to be protected if something goes wrong. It will take from a couple of minutes to a couple of hours for your deposit to reflect on your PrimeXBT wallet address. You are still betting on the price movement of a currency pair, and you are still not taking delivery of the underlying currencies involved. The entity that regulates the broker makes a crucial difference. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Starting Price:Available on Request. The usual fee that you will find is 0. Plus it’s nicely customizable so that you can manipulate the trading tools and charts however you see fit. EOS trades across cryptocurrency exchanges such as PrimeXBT under the trading pairs EOS/USD, and EOS/BTC. However, the outlook for Ethereum and crypto, in general, is so murky that you can find price predictions that vary wildly. My money was wiped out, and put my account negative $500 after I got hit with another set of fees and commissions. In most cases, passwords are retrieved by hackers from earlier leaked password databases from different services. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. For those that don’t already own Bitcoin or simply want to purchase more to fund their PrimeXBT trading account, we have implemented a new alternative third party fiat payment gateway solution, CEX Direct. You can also earn the following discounts on 30 days of rolling trading volume. Users can access various asset classes such as stock indices, commodities, forex, and metals, all within the same platform. 5 BTC is executed, it will be added to the initial position resulting in a total of 1 BTC Sell position. Also you have to join a waitlist for the service, which won’t launch until late summer of 2021 at the earliest.
Most Secure Wallets To Start With
New order quantity is defined by the quantity selector near the trade Red/Green buttons. Risk Warning:Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Its speedy order execution, integrated charting, and customisable workspace which is available in browser and app format are also an advantage. The PrimeXBT mobile app also makes it easy to manage the administrative aspects of trading from anywhere conveniently. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. While PrimeXBT offers some of the best margin trading crypto users can currently get, you won’t be able to do any of this unless you put down the minimum qualifying deposit. A market order is an instant order. We’re here to help you. Best regards,The PrimeXBT Team. Spend time researching the best day trading books, maybe watch some movies for inspiration, or book an online trading course. The PrimeXBT environment is hosted on Amazon Web Services AWS. CFD stands for contract for difference. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. PrimeXBT crypto futures combine leverage, liquidity, user friendly features, educational resources, favorable fee structures, detailed trading reports, and advanced charting tools to provide traders with a powerful platform for speculating on cryptocurrency price movements. One of the most attractive features of PrimeXBT is the ability to sign up without KYC or ID verification. Click on one of the top PrimeXBT coupon codes. The first thing that you will notice about the platform is that it offers a large degree of customization. PrimeXBT only accepts Bitcoin as payment currency, convert it to cryptocurrency for brokerage or exchange. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. With the leverage of 1:100, you can easily increase your trading size. The withdrawal fee on PrimeXBT is 0.
Web3 Explorer
Atividades de serviços financeiros. Prime XBT trading fees are between 0. Tailored to accommodate both newcomers and experienced traders, the platform integrates advanced trading options like margin trading and leveraged positions, enabling users to trade effectively in both rising and falling markets. You can open max position of 2 BTC. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. Our website uses cookies. Accessibility:Easier access is granted initially on both platforms without stringent KYC verification. This was indeed also our experience. ” In the ensuing “New Order” dialog, select “Sell. Like Bitget, PrimeXBT is an exchange specialising in derivatives. And on two occasions once the traders have lost enough they just leave and your left with heavy losses. Put simply; when they trade, you gain. For example, if you open a Bitcoin position on PrimeXBT using $1000 worth of BTC on 10x leverage, your full position will be worth $10,000.