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PrimeXBT services are not available to users or residents in the following countries. This allows you to quickly swap one crypto asset for another on the platform. If you have any suggestions or need assistance as you continue to explore and utilize our platform, please don’t hesitate to reach out to us at. The platform is not available in certain jurisdictions like Singapore, Canada specifically Ontario and Quebec, and other countries due to regulatory compliance issues. Learn more about Baksta’s Legal Terms. Users can go long and short on popular cryptos, including Bitcoin BTC, Ethereum ETH, and Ripple XRP. He highlighted Cardano’s technological advancements as one factor that could drive the crypto token to such heights. Regulated by the authorities in Cyprus. 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. Today’s copytraders scan through individual traders’ profiles and see their investments in real PrimeXBT Forex time. It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded bought and sold within the last 24 hours on this specific crypto exchange. Traders give the platform’s dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT’s attention to aesthetic detail. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. Because of PrimeXBT’s custom trading interface, this screen is highly customizable. Some traders will trade just one currency pair overall, but there is a whole world of good opportunities in the Forex markets. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. You just require promoting the PrimeXBT brand on all channels and trying to bring in new customers and the platform will give you money for it. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. Transaction times are estimated to 3 5 seconds. The award winning platform stands ready to be your gateway to trading excellence. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. Leverage and futures contracts: some Crypto exchanges enable margin trading through Futures contracts. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. Receive the latest news and stay informed. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Your choice between these platforms should align with your preferred contract types and trading goals. Best regards,The PrimeXBT Team.
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During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. Visit our Help Centre. As mentioned, you can also trade forex, commodities, and stock indices. Overall, PrimeXBT is nowhere as near refined as the best crypto mobile apps. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. This focus on technology shows in their tools and services, helping traders move through different markets easily. 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. CoinCodeCap also offers some Crypto or Bitcoin signals on their channels for free, but the more frequently updated crypto signals service is offered through their subscription tiers.
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As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. I thought that trading with such high leverage would be more of gambling. Social Responsibility. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Social Responsibility. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. If it is quite a sizable withdrawal it may take quite a bit of time if there are not enough funds in the hot wallet, they may have to access some from their offline cold wallets. Warning ⚡️: Trading leveraged futures products is incredibly risky. Virgin Islands, Northern Mariana Islands. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure.
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Telephone number:010 449 4445. If you ever need assistance or have feedback, feel free to reach out to. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. What is the minimum deposit at PrimeXBT. PrimeXBT is a global crypto exchange, as well as offering investors access to other more traditional markets like Forex currencies, commodities CFDs, and stock indices. This is impressively fast and means that traders are less likely to experience slippage. Support is available through email and a live chat system, which was pretty fast. Review collected by and hosted on G2. They want you to feel confident and knowledgeable, so you can make smart decisions when trading. 01% on crypto futures. Here you can find additional information on how to trade futures products. If you are trading for a longer term move, obviously you will monitor the trade much less frequently. FSCA Regulated Forex Brokers. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 83 cryptocurrencies. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Binance acts as a middleman it connects you your offer or request with that other person the seller or the buyer. These include regulatory news, such as China banning crypto again. Just follow what the pros are doing. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. All in all, PrimeXBT appears to be a very well rounded trading platform. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please exercise caution, and do not trade beyond your limits when deciding how much risk to take on. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. For reference, Bitcoin’s price climbed by more than 150% in 2023 alone, all while crypto market participants expected the coin to reach $10,000 instead. Established in 2018, PrimeXBT provides access to over 100 assets and contracts across various markets, including Crypto, Forex, Commodities, and Indices. PrimeXBT is an award winning, multi asset trading platform that allows you to trade cryptocurrencies, crypto futures, and traditional financial instruments, such as Forex, SandP 500, and Nasdaq composite indices, commodities like crude oil and natural gas, and many others from a single account. Hope all your problems will be solved. Why does a company have the right to keep something that is not theirs. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.
How much is PrimeXBT worth?
In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. English, French, German, Italian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese. This union helps you to enjoy the power of social trading directly inside the PrimeXBT exchange. Volet deposits are free, while Perfect Money charges a 1. This flexibility can attract developers and projects seeking a customisable infrastructure for their decentralised applications. Because the energy sector contributes significantly to US GDP, the dollar has benefited from crude oil’s precipitous decline. Another common strategy used by criminals is to offer contests, giveaways, or gifts of free Bitcoin and other cryptocurrencies. Bitcoin has a margin requirement of 1% 1:100 leverage. However, if you’re in the US or Canada it’s not good news. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. Activating a second campaign of the same type will remove the previously active campaign along with any bonuses or rewards. Best regards,The PrimeXBT Team. This allows you to significantly increase your market exposure and profit potential. Since the blockchain industry is largely unregulated, there have been instances of fraudulent ICOs that have scammed investors out of significant sums. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. For those without existing PrimeXBT Crypto holdings, acquiring digital assets becomes a breeze. Taking a closer look at the actual tools that are at your disposal, there are the drawing tools that traders need to map their important levels. We’re here to help make your trading experience as smooth and successful as possible. By copying a strategy, every trade from the manager’s portfolio is mirrored proportionally, based on the amount allocated. Activate your account when registered successfully and start trading with the bonus credits. It provides pre set trading plans and a marketplace for exchanging plans. You can check your login on PrimeXBT history in the account settings or security settings section of your PrimeXBT account. Some offer both options, where cross margin uses the entire account balance to manage losses, while isolated margin risks only the margin of the particular position. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. This means you’ll have to allocate a margin that is equal to 1% of your desired position size.
Features
PrimeXBT allows users to deposit and withdraw BTC, COV, ETH, USDC, and USDT. Presence of a third party trademark does not mean that WorthEPenny has any relationship with that third party or that the third party endorses WorthEPenny or its services. 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. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. There are calls and puts, meaning that you are speculating on higher prices calls, or lower prices puts. When it comes to approaching the stock market, there are so many different options across so many different countries, and. We strongly urge and recommend all existing users and potential clients take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. PrimeXBT appeals to those focused solely on trading without the distraction of additional crypto related services like lending, borrowing, or staking. This means you’ll have to allocate a margin that is equal to 1% of your desired position size. For more information, please see our Cookie Notice and our Privacy Policy. Io copy trading, 5% of copier profits are given to professional traders. The prices of commodities BRENT, CRUDE, and NAT. 5 BTC position it would amount to 50x leverage against your Equity, and so on. We aim to provide a platform that caters to both experienced traders and newcomers, so it’s great to know that you found it accessible and user friendly. Es fácil de usar, seguro y ofrece una amplia gama de opciones para que pueda tomar decisiones informadas sobre mis finanzas.
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Receive the latest news and stay informed. United States of Minor Outlying Islands. Additionally, Prime XBT doesn’t provide demo accounts directly. It also offers forex and commodities. As you may notice, trading signals offer more flexibility than automated copy trading. Before I jump into this, let me reiterate an important positive that this platform offers. Reply from PrimeXBT Copy Trading. Kim Chua is an institutional trading specialist with a track record of success that extends across leading banks including Deutsche Bank, China Merchants Bank, and more. Because of this, taking precautions is the best thing you can do to prolong your trading career. PrimeXBT has investigated the markets and found some relevant data about BTC/USD that we would like to share with you. These fees can either be a cost or a credit, depending on the direction of the trade and the interest rate differential. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. Returns or profits may be subject to capital gains tax. Additionally, users can access their transfer histories through individual wallets. Trading bots also lack the opportunity for you to use margin trading, and they cannot have an instinct for a trade that a human can have. These users are made up of skilled traders who enjoy a lucrative 10% of the profit earned by each of their followers, and users who want to copy the trades of skilled traders for some passive income. Indicated that the app’s privacy practices may include handling of data as described below. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities. CryptoNewsZ predicts that XRP could rise to as high as $0. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. Traders should be aware of a few things. With their user friendly platform and extensive range of trading pairs, I can easily execute trades and manage my portfolio. However, if we talk about Gate. While it can amplify your profits, it can also significantly magnify your losses. 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. PrimeXBT also offered Bitcoin based contracts for traditional assets for the most flexibility possible anywhere. Whether or not you should buy Ethereum or Bitcoin is ultimately up to the individual investor and trader. The web version of the platform is available on all browsers and does not require downloading any software. Debit/Credit Card Withdrawal Fee.
Listed Currencies
000055, suggesting a possible price increase by factoring in SHIB whale transactions and high social media activity also recorded by the crypto exchange. On Prime XBT’s website. Throughout my testing, the app performed smoothly without any bugs or glitches. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Established in 2018, PrimeXBT Trading Services Ltd PrimeXBT has emerged as a versatile online exchange platform catering to diverse trading needs in Commodities, Cryptocurrencies, Forex, and Indices. Verification can help ensure real people write reviews about real companies. Users can view a detailed breakdown of fees associated with using the platform. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. Create price alerts for stocks and crypto. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. Com, is a beginner friendly exchange where you can buy and sell crypto with fiat USD or your local currency. What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. These apps will allow you to place trades and monitor open positions on the go. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. In rare cases it may take up to 24 hours to process your withdrawal on a business day. The platform provides a suite of drawing tools, including trend lines and Fibonacci retracement, as well as various chart types like candlestick, bar, and line charts. They also have a lot of educational materials which the quality of materials is better than other crypto exchanges. They store 95% of user funds in secure cold storage, offering peace of mind for your crypto holdings.
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They only have two types of fees, which are the trade fee and the overnight fee. 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. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. This allows traders to implement various strategies, from day trading to long term investing. It only accepts crypto transfers but barely offers any crypto trading choices. Read more about it in our Gate. 05% per trade for cryptocurrencies. 0 blockchain ecosystem. Consider PrimeXBT for its advanced technology, versatility, top notch security, transparent fees, and extensive trading opportunities. OKX, on the other hand, uses a tiered fee system and employs various security measures such as cold storage, multisig authorization, and an offline computer for private key encryption, among others. Some offer both options, where cross margin uses the entire account balance to manage losses, while isolated margin risks only the margin of the particular position. We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. By combining these widgets, you can create a workspace tailored to your specific needs. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Only for verified users. But according to their wikipedia page in Russian of course, legally, the system belongs to the legal entity Startup Research and Investments LTD, number in the register of the British Virgin Islands and the corporate name of the company – Perfect Money Finance Corp – is registered in Panama, headquarters and operating service – in Zurich and Hong Kong. 2 days ago Guest User. Below are the steps typically involved. For those looking to diversify or concentrate their portfolios on indices like the SandP 500, Prime XBT offers a streamlined, efficient, and secure environment for all trading activities. Refrain from linking posts on social media such as Telegram, Discord, Facebook, Twitter etc, except official social media content from PrimeXBT and Covesting groups and channels. The platform offers investment products such as cryptocurrencies, commodities, stock baskets, and foreign currencies. 3️⃣ After entering your details, hit Sign Up. Keep in mind that withdrawing any amount from your trading account to your wallet will void the bonus before its expiration a month after activation. Specify the amount to convert and click Exchange;. As well as this, the exchange offers earn products and promotional rewards. 🌟 Hey there, curious investor. We have developed a unique personal charting package which provides a large array of professional charting tools and instruments, which also allows us to update and improve it in accordance with the needs and wishes of traders. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value.
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SBS Covestingg, despite a challenging recent monthly performance with a 62. As you can see, caution is necessary. I’m the author of the articles on this website and of many others published on other websites specialised in stock market investment and finance in general. There’s no reliable way to determine what prices will be years from now. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. 01 BTC, which is ten times the PrimeXBT’s. It can be a major factor in determining a successful outcome regularly, managing risk, and long term capital growth. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. This causes a slight delay in funds being available in the account. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Unlimited for verified users. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. I also tested the fiat withdrawal process, using Volet. As of the provided information, the following countries are banned from using PrimeXBT’s services. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. When using live chat, I usually received a response within 2 minutes. In this sense, it allows another way for clients to profit. PrimeXBT integrates TradingView charts, which is a nice feature. Only real platforms with a business plan and marketing strategy consider social media and regularly engage with users. However, Large Caps and Mid Caps are continuing their strong performances from July and just surpassed 10% returns in August while Bitcoin is actually lagging behind, up only 7 percent. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. These businesses are very diversified in terms of industry and scope and includes the local leader in ecommerce fulfillment Mailpac, the largest private transaction processing company in Jamaica ePay, Jamaica’s leading player in ice manufacturing and distribution Pure National Limited, the Jamaican arm of the world’s largest car rental company Hertz, Jamaica’s fastest growing water provider JamAgua and several other industry leading platforms in Jamaica, Florida and West Africa. Some codes or offers cannot be combined with other ongoing promotions. All the services on the Tradersunion. With innovative features, robust tools, and a focus on client success, PrimeXBT delivers an unparalleled trading experience. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn.
Disclaimer
It allows you to control a larger investment in the market by using borrowed funds from a broker. It’s a direct supply and demand indicator of the exchange. Sometimes, overnight fees can even be the difference between making a profit or a loss. As you would expect regulators applauded the efforts crypto providers took to follow KYC guidelines. Recently Added Categories. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. And finally, the 5 supported commodities. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. 📍 Some of the criteria include, but are not limited to. For example, a position is so underwater that all available maintenance margin is gone, and although the broker began a liquidation process to fulfill any open contracts, with slippage and fees the account balance can become negative. If you choose to purchase crypto first from a crypto exchange, funding your account is relatively simple. Sooner or later, there has to be an everyday use for crypto that is embraced, else the entire sector could face major issues. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. 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. PrimeXBT uses robust security measures to protect your account and funds. Date of experience: August 20, 2024. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. Experts who share their strategies on PrimeXBT stand a chance to earn up to 20% from follower profits. If I could post pictures on this site everyone could see what I am taking about. Making a Deposit with Perfect Money. Disclosure: To ensure our site’s review data always stays free and running up to date, sometimes we might receive a small commission if the reader purchases through our site links, at zero additional cost. Instead, the best protection is simple awareness and prevention.
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PrimeXBT is a prominent platform in the trading world, offering a range of financial instruments, including Forex. There are two classes of assets available for trading: futures and CFDs. We’ve curated our list using a mix of centralized and decentralized anonymous crypto exchanges with the most up to date information at the time of writing, as many former no KYC exchanges like KuCoin, Bitget, and OKX have implemented mandatory KYC in just the last few months. We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. You might also like: PrimeXBT Review. Calculating a losing trade works the same way that a winning trade does. The tabs hows your sizing, the fill price, the current price, your profit or loss, take profit and stop loss targets, and it gives you an option to close the position. In addition, the distinction between retail and corporate KYC is made. Check if the items in your shopping cart are applicable for the discount code. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. In conclusion, PrimeXBT is a robust trading platform that offers advanced features like copy trading, a user friendly interface, and competitive fees. This puts Bitcoin losses at. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. 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. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Returns or profits may be subject to capital gains tax. YOU SHALL CHECK YOUR APPLICABLE LAW AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT ARISEN FROM YOUR RESIDENCE COUNTRY REGULATIONS. Your feedback is crucial in helping us improve. Key features of PrimeXBT Copy Trading include. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. But if you want our honest opinion, you are better off using other exchanges we’ve reviewed. PrimeXBT’s referral program is your gateway to effortless additional income. Scan this code to download app.
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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. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. For example, you can buy and sell silver for US dollars. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. Regularly review and adjust your portfolio based on market conditions and your investment objectives. In social trading, you’re not automatically copying the trades of other traders, but rather exchange ideas and market research with like minded peers which can benefit your personal trading performance. Internet Computer ICP. 17M, The circulating supply of Chainlink is approximately 587. Several factors influence the overnight fee rates on PrimeXBT. If you face any issues with this, you should just request withdrawals before 12:00 and everything will work fine. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. High quality educational resources can shorten the learning curve and empower you to make informed decisions. If the market is reacting like the image above, with small intraday dips, then cross margin should work the best. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Despite this, I am pleased with the trading conditions on offer. You will then be automatically redirected to the official website of PrimeXBT. A cold storage wallet is a solution for storing crypto assets that isn’t connected to the internet. As a Strategy Manager, showcase your expertise by creating a visible pool of assets that others can follow. If you ever need any guidance or have questions, please don’t hesitate to reach out to our support team via live chat or email at. Vincent and the Grenadines, Canada, Cuba, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, United States Minor Outlying Islands, American Samoa, and the Russian Federation. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. These products are not suitable for all investors. Note, the broker does not offer trading in options and spread betting.