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PrimeXBT Review: Forex, Crypto, Commodities, and Indices at 1000x

PrimeXBT is a trading platform that is perfect for professionals, as well as first-time traders, and it’s crafted with a foundation of experience in traditional markets, which are presently going through a period of record-breaking volatility. Because of the platform’s roots deeply ingrained in traditional markets (although it got its start as a cryptocurrency exchange) it features a large list of traditional assets, and the tools available are more typically seen within traditional trading platforms. This reveals PrimeXBT as a unique proposition for traders, especially during the current economic conditions. Let’s see if the trading platform is worth signing up

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PrimeXBT is a trading platform that is perfect for professionals, as well as first-time traders, and it’s crafted with a foundation of experience in traditional markets, which are presently going through a period of record-breaking volatility.

Because of the platform’s roots deeply ingrained in traditional markets (although it got its start as a cryptocurrency exchange) it features a large list of traditional assets, and the tools available are more typically seen within traditional trading platforms.

This reveals PrimeXBT as a unique proposition for traders, especially during the current economic conditions. Let’s see if the trading platform is worth signing up for in this detailed and in-depth review.

PrimeXBT General Information and Details

PrimeXBT is registered and based in Seychelles but is available to any and all global traders.  The platform is highly safe, ultimately secure, and recently won a number of Forex Awards and the ADVFN award for Best Bitcoin Margin Trading Platform.

Registration is fast, and takes less than one minute tops. It also asks for no personal info and doesn’t require a KYC process.

Making a deposit is simple and easy; the smallest possible deposit acceptable is 0.001 BTC. Bitcoin may be deposited to a BTC address and wallet from any external account, or by using a third-party module and service known as Changelly.

After finishing the process in the Changelly widget, you may then transfer the newly-deposited BTC to your trading account and begin trading at your earliest convenience.

After your trading account is funded, select the Trade section to open the trading terminal to begin taking advantage of the platform’s advanced trading utilities.

Withdrawing funds can be done by visiting the Account section and making an internal transfer from their trading account back to the personal wallet. After an address is added to the BTC address whitelist and confirmed via email a withdrawal can be made.

Fees are very competitive and are as low as 0.001%. Most markets are open and available for nearly 24 hours, Monday through Friday, and cryptocurrencies trade around the clock, and even on weekends.Traders can work at reducing their fee impact and save more capital through a progressive fee discount system. Traders with 300 BTC trading turnover up to 600 BTC turnover, get 25% off, and those with more than 600 BTC turnover are offered 50% savings.

Outstanding Variety of Assets and Advanced Trading Tools

The variety of assets offered by PrimeXBT, all under one roof,  is simply incredible.

  • Over 50 assets across commodities, cryptocurrencies, forex, and stock indices
  • Many different commodities and a dozen of the globe’s most important stock indexes
  • Gold, silver, natural gas and oil
  • S&P 500, DAX, Dow and more
  • Over 25 major forex currency trading pairs: USD, JPY, AUD, etc.
  • 5 of the most important cryptocurrencies: BTC, ETH, etc.

The platforms that offer the greatest variety of trading instruments, also provide the greatest amount of profit opportunities and the best possible diversification of your asset portfolio.

The trading engine is rock solid, offering fast order completion and up to 99.9% uptime with very few outages reported to date.

The user interface is highly customizable and has serious aesthetic appeal. An intricate support center is brimming with helpful guides and useful tips.

The website is highly secured and passwords are encrypted. Bank-grade security protects all user accounts and data. Additional safeguards through address whitelist, email confirmation, and two-factor authentication further keep funds safe. And with no info ever required, your personal and private data is safe from leaks.

Leverage is offered at up to 1000x for forex currencies, and up to 100x on the remainder of assets on the platform including commodities, cryptocurrencies, and stock indexes.

Long and short positions are available, even at the same time allowing the building or hedge positions. Advanced order types such as stop-loss or take profit orders can be added when an order is placed or afterward if preferred.

Built-in charting tools round out the offering, but may be the most valuable tool of all. Traders can plan accordingly, then place orders directly by clicking on the chart itself.

PrimeXBT regularly introduces new innovative features, such as synthetic short-duration Bitcoin contracts called Turbo, and a new feature called the Coveesting Fund Management module.

Turbo lets traders take a break from stagnant markets and instead take short-duration trades consisting of just an UP or DOWN contract. These short-duration contracts can provide up to 90% profits in 30s seconds.

Covesting was just released in beta form, letting investors inject capital into the funds of top traders. These top traders take positions and profit from markets, letting the investors get a piece of the pie.

Recapping PrimeXBT’s Best Benefits

PrimeXBT is an ADVFN award-winning Bitcoin-based margin trading platform offering up to 1000x leverage on commodities, stock indices, forex, and cryptocurrencies.

Here are the platform’s primary benefits and features:

  • One minute or less registration, with no personal data required
  • 001 BTC minimum deposits, alternative deposit methods available
  • Bank grade security with additional protection features; reliable trading engine
  • Long and short positions and up to 1000x leverage on forex, crypto, stock indices, commodities
  • Built-in charting tools with technical analysis indicators 24/7 live customer service
  • Innovative tools such as Turbo and Covesting
  • Free mobile app for iOS and Android

Conclusion: Sign Up For PrimeXBT Today

The security is uncompromising, and privacy is a focus for the platform that doesn’t require a KYC process, or personal info. Because of this, signing up is quite fast.

Once you get started with a free trading account, the platform offers everything a trader needs to become profitable, including charting software, risk mitigation tools, a help center, and so much more.

Due to all of this and more, PrimeXBT is highly recommended for traders of every experience level and background.

This is a sponsored post. As it’s related to crypto trading, you should also read our risk warning. Read more in our editorial policy.

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Source: https://bitcoinsinireland.com/primexbt-review-forex-crypto-commodities-and-indices-at-1000x/

Blockchain

Ethereum EIP-1559 Targeting Gas Fee Challenges to be Implemented in July

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The contentious Ethereum Improvement Proposal (EIP) 1559, will be included in its codebase in July this year. This became clear during the All Core Developers call today.

EIP 1559: What Does it Mean for Fees?

Ethereum’s Improvement Proposal 1559 is aimed at improving the overall Ethereum’s user experience when it comes to transaction fees.

Typically, a user would have to send a gas fee to a miner for their transaction to be included in a block. What EIP-1559 proposes, however, is to send that gas fee to the network itself. Called basefee, this is a sort of a “burn” and there would only be an optional tip that’s paid to the miners. The burnt fee would be set algorithmically, supposedly improving the UX.

The proposal was originally submitted by Eric Conner and its summary provides an overall outlook at what it attempts to achieve:

A transaction pricing mechanism that includes fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion.

During today’s All Core Developers call, it was decided that it will be included in the so-called London hard fork coming this July.

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Some Miners Disagree

Despite the potential improvements on the entire network that could come with EIP-1559, some of the largest Ethereum mining pools have openly displayed division on where they stand.

F2Pool, the third-largest ETH mining pool with over 10% hashrate share, shared a post, in which it supported the initiative, claiming that it would ultimately have a positive impact.

The publication says that “the general community along with core developers are siding with evolving Ethereum to include EIP-1559. It is important to side with the users and core contributors.”

F2Pool’s statement also argued that the potential EIP-1559 implementation could be factored in ETH’s price, which is more than 100% from the start of the year.

In contrast, though, the largest mining pool with nearly 25% share of the hashrate, Sparkpool, didn’t feel the same way about the integration as it could reduce the profits. They took it to Twitter to emphatically assert that the mining pool “opposes EIP-1559.”

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Source: https://cryptopotato.com/ethereum-eip-1559-targeting-gas-fee-challenges-to-be-implemented-in-july/

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Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

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Uniswap broke out past the $29.3 level of resistance, while Crypto.com Coin was in a phase of consolidation. Compound bounced off the $450 level of support to touch $500 but could see a pullback to $470.

Uniswap [UNI]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: UNI/USDT on TradingView

UNI broke out and went past the $29 area of resistance, where the 23.6% retracement level and the $27.3 level of resistance lay. The upward move had extraordinary volume as UNI touched $31.54 but some selling pressure was seen in the subsequent trading session.

The Doji candle represented short-term exhaustion from the bulls, and the breakout could see UNI pullback to test the $29.3 level to confirm its flip from resistance to support.

The MACD showed strong bullish momentum behind UNI. Bearish divergence on the hourly chart between momentum (MACD) and the price could be seen in the coming hours, which would likely see UNI pullback to $29.4. This can be used to enter long positions, with a stop-loss just at $28.7.

Crypto.com Coin [CRO]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: CRO/USDT on TradingView

The Bollinger bands showed that CRO was in a phase of consolidation at and around its 38.2% retracement level at $0.152. The RSI moved back above neutral 50 to indicate that momentum was swaying towards the bulls’ side.

The defense of the 50% retracement level at $0.127 and the immediate bounce-off was a show of strength from bulls – the $0.146-$0.152 region can be used to accumulate CRO in expectation of another move upwards. The $0.173 and $0.189 levels are levels of resistance to watch.

Compound [COMP]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: COMP/USDT on TradingView

Compound saw a strong bounce-off at the $450 mark which represents a 23.6% retracement for COMP’s move from $205 to $573. At the time of writing, COMP faced some resistance at the $500 area.

Moreover, the Awesome Oscillator on the hourly chart displayed a bearish twin peak set up and gave a sell signal. This development, followed by the AO registering bearish bars on its histogram, is likely to see the price dip to $470. Bulls would need to show some strength at $470, or bears can drive the prices lower to $450 once more.


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Source: https://ambcrypto.com/uniswap-crypto-com-coin-compound-price-analysis-07-march

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Pakistan: Arrests made in Bitcoin extortion case

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The world of finance has never been able to protect itself from the fraudulent activities going around in the world. The cryptocurrency market, which itself is a growing space has also had its fair share of such fraudulent activity being associated with it. However, unlike traditional finance, regulators have been enforced stringent measures when it comes to tackling such offenses.

A recent case has been reported in Pakistan, where the police have arrested several people part of the country’s first extortion case via crypto. According to reports, the police arrested the owner of an outhouse where the complainants, two foreign nationals, were held hostage along with two other suspects.

One of the suspects was identified as Rana Irfan Mahmood and a case has been registered against him and an unidentified accomplice. The hostages were Swiss national Maria Spari and German citizen Stephen [last name remains unknown] who were kidnapped by three men in police uniform along with another person.

After threatening the hostages with a fake drug smuggling case, the victims paid 6,300 euros in cash and made an online transfer of 1.8 Bitcoin which was close to $9k. The suspects made a fake video demanding an additional Rs 300 million [$1.91 million].

According to SSP Investigation Abdul Ghaffar Qaisrani, the police have managed to recover the amount paid to the facilitator apart from the Bitcoin. The crypto has already been transferred to another account and the team was taking assistance from the intelligence agencies to recover it.

Although the regulators in Pakistan have been taking note of Bitcoin and crypto, illicit activities have been a growing concern in the region. In November 2020, the Central bank clarified that it was not banning crypto, contrary to the prevailing fear within many in the crypto-community.

In fact, Pakistan’s Securities and Exchange Commission [SEC] published a paper on the regulation of cryptocurrency trading platforms. This paper outlined the regulatory approach to crypto and included recommendations given by the Financial Action Task Force [FATF], as well as regulations presented by Malaysia, Hong Kong, and the U.S.

However, the police in the country have warned users and the government about the rising cases of ransom and extortion related to crypto. Bitcoin has been at the center of these cases and such fraud activities will only instill fear with the lack of regulation among crypto users in the region.


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Source: https://ambcrypto.com/pakistan-arrests-made-in-bitcoin-extortion-case

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