How does Covesting work PrimeXBT?

PrimeXBT Covesting is a copy trading integration offered by the margin trading platform PrimeXBT. Covesting lets users peruse existing trading strategies by experienced traders and copy those strategies to make the same returns.

How do I copy a trade on PrimeXBT?

Copy the leading traders in 3 simple steps

Is Prime XBT good?

In addition to the ability to go long or short and to enjoy leverage of up to 1:100, PrimeXBT stands out in multiple ways. It has a very user-friendly interface that fully customizable and includes support for multiple monitors. The trading platform is a best-in-class option as it is safe, reliable, and fast.

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Is PrimeXBT allowed in USA?

PrimeXBT is forbidden in the US due to US law regarding CFD / derivatives trading and trading with high leverage, which is all prohibited there. If you should be traveling to the US and still want to use your PrimeXBT account there, you need to make use of a virtual private network (VPN).

Can you make a living from copy trading?

Copy trading has been one of the most popular ways to earn passive income in the financial market in recent years. By using special platforms and the features that allow them to copy experienced traders, the beginners can potentially earn as much as the professionals.

Is copy trading legal?

Yes, copy trading is legal in the U.S., but it is subject to stricter regulations for U.S. residents than those in other countries.

What is Covesting & COV token utility on PrimeXBT?

Is copy trading good for beginners?

Copy trading is one of the most effective ways to learn about trading. When you Copy Trade, your trading account copies the deals of a more experienced trader automatically. You may see a trader in action in real-time which helps in learning the trading charts and when to buy or sell during necessary market conditions.

Where is PrimeXBT located?

Founded in 2018 and headquartered in the Seychelles, PrimeXBT supports the trading of the market’s largest cryptos by market cap.

What are the fees in PrimeXBT?

Prime XBT Fees 0.001 BTC which is not much but as twice as expensive. Other principal fees at Prime XBT are Trade Fee and Overnight Financing. The Trade Fee is charged every time you open or closed a position: 0.05% for cryptocurrency trades.

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How do I deposit with PrimeXBT?

Direct Crypto deposits are deposits from your personal Crypto wallets to your PrimeXBT Wallets: Choose your deposit currency. Copy the deposit Wallet address. Paste it into the destination field on the site/wallet service from which you are sending funds (or scan the provided QR code)

Does PrimeXBT need KYC?

No, documents are not required. We respect your privacy while trading digital currencies which is why we do not require our clients to undergo KYC procedures, exposing personal information.

Does PrimeXBT require KYC?

PrimeXBT is unregulated and does not have to abide by KYC requirements that other brokerages do. The platform does, however, have a plethora of safety features to ensure the security of your funds and account.

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Can you buy crypto on PrimeXBT?

Cryptocurrency purchasing services are provided by partners of PrimeXBT. For users convenience, crypto purchasing services through partners are available in the PrimeXBT account.

Which copy trading platform is best?

Copy Trading Platforms and Broker Services for 2022 – Our Top Picks

How can I learn copy trading?

You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader.