PrimeXBT is one of the leading crypto exchanges out there. You can use the exchange for crypto, index, forex, and commodities trading.
Additionally, the exchange also introduces several promotional offers from time to time. And the exchange has a new bonus campaign for its new customers.
According to its special offer, new PrimeXBT users will be able to avail of 7% off on their first deposit for margin trading. However, do note that it isn’t a sign-up bonus but a deposit bonus.
To learn more about it, read the following:
PrimeXBT’s Bonus Campaign: Everything You Need To know
PrimeXBT has introduced a new promotional code applicable to new users. The promotional code is only for margin trading and not for any other trading instruments.
Anyone signing up on the exchange can avail of up to 7% off on their first deposit.
The 7% deposit will get added on top of your initial deposit, and you can use it for trading. For instance, if you deposit $1000 to your account, you will get $70 as the deposit bonus.
However, the additional bonus cannot be withdrawn, but it can be used for trading.
You can avail of up to a bonus of USD 7,000 only, and it will get expired within two weeks. So as a trader, you must make use of the deposit bonus and grow your initial margin.
Alternatively, the deposit bonus can also be used to recover your losses. If your initial balance goes negative, then you can still trade as long as your negative balance does not exceed the bonus happens.
If that happens, then the bonus is considered spent, and the account’s balance will stand at zero.
You should also know that, in case of any withdrawal of your funds, the bonus will get removed from your account.
So you must only withdraw when your trading account has sufficient balance, and you are comfortable trading without the provided bonus.
PrimeXBT’s Bonus Campaign Terms & Conditions
I am sure, PrimeXBT’s deposit bonus is pretty lucrative. But before you join the exchange, there are a few terms and conditions you should be aware of.
- The bonus is only applicable to your first deposit.
- The maximum deposit bonus you can avail of is USD 7000.
- The promo code will be active for two weeks after activation.
- You cannot withdraw your bonus amount from your trading account.
- You can use your bonus balance as collateral to open positions.
- Trading fees, overnight position holding charges, and settled P&L will not affect your bonus amount.
- You can only use your bonus balance to cover losses when your primary deposit becomes negative.
- The bonus will get removed from your trading account on its expiry date.
- The deposit bonus will get removed from your trading account on the expiry date. If your trading account balance is negative when the bonus is removed, then the final account balance will be zero.
- The bonus will be shown as a ‘Reward’ in your Trading account.
Now that you know the terms and conditions, let’s talk about how you can avail yourself of this deposit bonus offer.
How To Avail PrimeXBT’s Bonus Campaign?
Now the question is, how do you get the PrimeXBT deposit bonus?
To avail of the offer, make sure to follow the below steps carefully, as one misstep could rule out your bonus campaign offer.
Step 1: First, sign up on the exchange using Inwara’s referral link.
Step 2: Once your account is created, click on Trade from the navigation bar.
Step 3: Select Account from the sidebar.
Step 4: Now, on the right pane, you need to enter the INWARA7000 code to activate the 7% deposit bonus on margin trading. For example, if you deposit $1000, then you will receive a deposit bonus of $70.
Step 5: Additionally, you can also enter the following code INWARA25 to receive a fee discount of 25%.
Also, once you enter both codes, you will find all the details, like expiry, status, and promo types, right below the account status pane.
PrimeXBT’s Bonus Campaign can be a great way to grow your profits and control your losses.
Also, this is the perfect time to sign up on PrimeXBT if you haven’t already done so. So go ahead and take advantage of the deposit bonus and see how the exchange turns out for you.