How to Trade Crypto and Withdraw from PrimeXBT

How to Trade Crypto at PrimeXBT

How to Trade Crypto [PC]

Step 1: Visit PrimeXBT, Login to your PrimeXBT Account.

Step 2: Press Analysis

Step 3:

1. Click to Chart

2. Choose the trading pair you want to trade (Take BTC/USDT as an example)

3. Click Trade Now

Step 4:

1. Click to Chart Tab

2. Select the trading pair you want to trade on the left side

3. Click Buy or Sell

Step 5: PrimeXBT offers several different order types to assist with users’ trading and hedging strategies.

Option 1: Market Order

A Market order is an order to be executed immediately at first available market price. Traders use this order type when they have an urgent execution. Market order is the default choice in order form after you click Buy or Sell.

1. Order Type: Select Market from the drop-down menu

2. Enter Amount of asset you are willing to buy or sell

3. Choose Buy or Sell

4. Please make sure that the form is filled correctly then press Send Order to confirm the order.

5. Click Confirm to finish your Order

Option 2: Limit Order

Limit orders are used to specify a maximum or minimum price the trader is willing to buy or sell at. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level.

1. Order Type: Select Limit from the drop-down menu

2. Enter Amount of asset you are willing to trade as well as the Limit price

3. Enter The Price you want to buy or sell that token.
   Limit price must always be lower than highest Ask for Buy orders and higher than lowest Bid for Sell orders. Please note that the system will warn you if the order is too high or too low.

4. Choose Buy or Sell

5. Order Duration: You have two options
   
   GTC: good till cancelled
   Day order: system will show you how many hours remain until the order is cancelled if not executed before

6. Please make sure that the form is filled correctly then press Send Order to confirm the order.

7. Click Confirm to finish your Order

Option 3: Stop order

A Stop order is an order to buy or sell an asset once the price of the stock reaches a specified price, known as the stop price.

When the stop price is reached, a stop order becomes a market order. Traders use this type of order for two main strategies: As a risk-management tool to limit losses on existing positions, and as an automatic tool to enter the market at a desired entry point without manually waiting for the market to place the order.

A buy stop order is always placed above the market, and a sell stop order is placed below the market.

1. Order Type: Select Stop from the drop-down menu

2. Enter Amount of asset you are willing to trade.

3. Enter a Stop Price

4. Choose Buy or Sell

5. Order Duration: You have two options
   GTC: good till cancelled
   Day order: system will show you how many hours remain until the order is cancelled if not executed before

6. Please make sure that the form is filled correctly then press Send Order to confirm the order.

7. Click Confirm to finish your Order

Option 4: One-Cancels-Other (OCO) order

An OCO order or One-Cancels-Other, is a conditional order. An OCO order allows you to combine 2 different orders under special conditions - once one of the orders is triggered and executed, the second order is automatically cancelled
An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit.



The screenshot above shows an example of an OCO combination of 2 different orders: Buy Stop order + Sell Limit order. If either the Stop or Limit price is reached and an order is executed, the 2nd order automatically gets canceled.

Place Stop Loss and Take Profit Function

You can set up additional Protection orders for any new Market, Limit or Stop order by clicking on the box Place Stop Loss/Take Profit in the order form. It will expand the form and allow you to set up Stop Loss price and Take Profit price.

You can also set Protection orders for any existing position by double-clicking the position where you want to add Protection order. This action will bring up the order modification pop up.

You’ll receive a warning if there is anything in the order that could prevent you from setting a Stop Loss. You won’t be able to complete the order until it’s fixed.

Please make sure that the form is filled correctly.


Note:

1. The Projected Loss field for Stop Losses reflects the decrease in Open P/L should the price of an asset move from the Current Price to the selected Stop Loss Price.

2. The Projected Loss field does NOT reflect the overall unrealized P/L of a trade as doing so would result in calculation errors and incorrect Projected loss values being reflected.

How to modify or cancel Orders

The Orders Widget reflects all details about your active orders and allows you to manage these orders. Right-click on an order to open the drop-down menu with the following options:

• Replace - modify and change your order parameters
• Cancel order - cancel the selected order

How to Trade Crypto [APP]

Step 1: Visit PrimeXBT, Login to your PrimeXBT Account.


Step 2: Choose the trading pair you want to trade (Take BTC/USDT as an example)

Step 3: Click to Trade to start trading

Step 4: PrimeXBT offers several different order types to assist with users’ trading and hedging strategies.

Option 1: Market Order

A Market order is an order to be executed immediately at first available market price. Traders use this order type when they have an urgent execution. Market order is the default choice in order form after you click Buy or Sell.

1. Order Type: Select Market from the drop-down menu

2. Choose Buy or Sell

3. Enter Amount of asset you are willing to buy or sell

4. Please make sure that the form is filled correctly then press Send to confirm the order.

5. Click Confirm to finish your Order

Option 2: Limit Order

Limit orders are used to specify a maximum or minimum price the trader is willing to buy or sell at. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level.

1. Order Type: Select Limit from the drop-down menu

2. Choose Buy or Sell

3. Enter The Price you want to buy or sell that token.
   Limit price must always be lower than highest Ask for Buy orders and higher than lowest Bid for Sell orders. Please note that the system will warn you if the order is too high or too low.

4. Enter Amount of asset you are willing to trade as well as the Limit price

5. Order Duration: You have two options
   
   GTC: good till cancelled
   Day order: system will show you how many hours remain until the order is cancelled if not executed before

6. Please make sure that the form is filled correctly then press Send to confirm the order.

7. Click Confirm to finish your Order

Option 3: Stop order

A Stop order is an order to buy or sell an asset once the price of the stock reaches a specified price, known as the stop price.
When the stop price is reached, a stop order becomes a market order. Traders use this type of order for two main strategies: As a risk-management tool to limit losses on existing positions, and as an automatic tool to enter the market at a desired entry point without manually waiting for the market to place the order.
A buy stop order is always placed above the market, and a sell stop order is placed below the market.

1. Order Type: Select Stop from the drop-down menu

2. Enter Amount of asset you are willing to trade.

3. Enter a Stop Price

4. Choose Buy or Sell

5. Order Duration: You have two options
   
   GTC: good till cancelled
   Day order: system will show you how many hours remain until the order is cancelled if not executed before

6. Please make sure that the form is filled correctly then press Send Order to confirm the order.

7. Click Confirm to finish your Order

Option 4: One-Cancels-Other (OCO) order

An OCO order or One-Cancels-Other, is a conditional order. An OCO order allows you to combine 2 different orders under special conditions - once one of the orders is triggered and executed, the second order is automatically cancelled
An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit.




The screenshot above shows an example of an OCO combination of 2 different orders: Buy Stop order + Sell Limit order. If either the Stop or Limit price is reached and an order is executed, the 2nd order automatically gets canceled.

Place Stop Loss and Take Profit Function

You can set up additional Protection orders for any new Market, Limit or Stop order by clicking on the box Place Stop Loss/Take Profit in the order form. It will expand the form and allow you to set up Stop Loss price and Take Profit price.

You can also set Protection orders for any existing position by double-clicking the position where you want to add Protection order. This action will bring up the order modification pop up.

You’ll receive a warning if there is anything in the order that could prevent you from setting a Stop Loss. You won’t be able to complete the order until it’s fixed.

Please make sure that the form is filled correctly.




Note:

1. The Projected Loss field for Stop Losses reflects the decrease in Open P/L should the price of an asset move from the Current Price to the selected Stop Loss Price.

2. The Projected Loss field does NOT reflect the overall unrealized P/L of a trade as doing so would result in calculation errors and incorrect Projected loss values being reflected.

How to modify or cancel Orders

The Orders Widget reflects all details about your active orders and allows you to manage these orders. Right-click on an order to open the drop-down menu with the following options:

• Replace - modify and change your order parameters
• Cancel order - cancel the selected order

Frequently Asked Questions (FAQ)

Why is my order rejected?

Orders can be rejected for numerous reasons, such as available margin being insufficient or markets for the selected instrument being closed, etc. The ‘Messages’ widget contains all system messages with a detailed explanation of why an order was rejected.

What are the trade fees?

Trade Fees are as follows:

• 0.05% for Cryptocurrencies
• 0.01% for Indices and Commodities
• 0.001% for Forex majors

What is a Trading day?

A Trading day is a 24-hour period which begins at 00:00 UTC and ends at 23:59:59 UTC. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled.

How to Withdraw from PrimeXBT

How to Withdraw Crypto

You can withdraw your digital assets to external platforms or wallets via their address. Copy the address from the external platform or wallet, and paste it into the withdrawal address field on AscendEX to complete the withdrawal.

Step 1: Visit PrimeXBT, Login to your PrimeXBT Account.

Step 2: go to the Main page of your Account, then click Dashboard

Step 3: Click Withdraw for the currency that you want to withdraw:

Take BTC as an example:

Step 4: A pop-up menu will appear:

• Select your withdrawal address (or add a new address)
• Enter the amount of BTC you want to withdraw
• Click Submit to withdraw
• Open your email inbox and confirm the withdrawal.

Note: If you are unable to find the confirmation email, make sure to check all email folders such as Spam/Promotions/Notifications/Updates etc.

How to cancel a withdrawal

To cancel a pending withdrawal:

Step 1: Visit PrimeXBT, Login to your PrimeXBT Account.

Step 2: go to the Main page of your Account, then click Dashboard

Step 3: click on the corresponding Wallet

Step 4: Under Transfer history, click X for the withdrawal that you wish to cancel:

Frequently Asked Questions (FAQ)

What is the minimum and maximum amount for a withdrawal?

There is no minimum or maximum required withdrawal amount. However, please note that it should be more than the withdrawal fee for the asset you wish to withdraw.

What is the withdrawal fee?

The withdrawal fee is a flat fee (i.e. the fee will remain the same regardless of the amount being withdrawn):

• 0.0005 BTC
• 0.01 ETH
• 30 USDT
• 30 USDC
• 5 COV

Are there any limits on withdrawals?

No, there are no withdrawal limits.

How can I add my withdrawal address?

A withdrawal address can be whitelisted by clicking the Withdaw button for the asset you wish to withdraw, in your Dashboard. Enter the desired withdrawal address and confirm the address via an email confirmation link. See our short whitelisting tutorial.

How fast is my withdrawal processed?

All pending withdrawals are processed once a day, between 12:00 and 14:00 UTC. A withdrawal requested before 12:00 UTC will be processed on the same day. Any withdrawal requested after 12:00 UTC will be processed on the next day.

How can I check the status of my withdrawal? Can I Cancel my withdrawal?

You can follow the status of your withdrawal on the Reports page, under Transfer History.
A pending withdrawal can be cancelled at any time before 11:00 UTC.

Can I withdraw to my bank account?

No, this is not possible at the moment. You can however use third-party services that will allow you to convert Crypto to other currencies, including Fiat, which may then be transferred to your bank.

I didn’t receive a withdrawal confirmation email

Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc.or search for a confirmation email from [email protected] via inbox Search bar. If you are still unable to find the email, please whitelist [email protected] in your email settings and request the withdrawal again.