User Experience on PrimeXBT

Atentamente,El equipo PrimeXBT. 5 Million in SHIB for AI Token FET Amid Market Shifts. Some countries are restricted from using PrimeXBT due to regulatory challenges and compliance issues. This means that the two cryptocurrencies have some degree of a positive relationship in their price movements. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. These services are governed by the legal terms and conditions of PXBT. NO:2 Ümraniye/İSTANBUL. Withdrawals from PrimeXBT are subject to limits that vary based on several factors including the account verification level and the payment method used. PrimeXBT doesn’t require KYC, so you can start trading right away. The exchange can be a good choice for those who are looking for an alternative to major market players and are ready to invest time in mastering new trading instruments. When using live chat, I usually received a response within 2 minutes. 🚀 We’ll explore how PrimeXBT operates, its diverse services, safety measures, and its ideal users. These fees can accumulate over time, affecting the overall cost of holding positions. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. There are several platforms that can allow you to bet on a BTC dip through ETFs. It is also a great way for experienced traders to earn some extra income from other traders. 32 to send USDT over the BEP20 network. If the market takes an unexpected downturn and the stock’s price hits your stop price, your stop order becomes a market order, and the trade with sell stop on is executed at the prevailing market price, helping you exit the trade before losses accumulate. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. The main disadvantages of a certain crypto exchange.

Get started in minutes

PrimeXBT uses TradingView charts, providing users with advanced and interactive charting tools for technical analysis across various markets. People are usually worried that the coin might go to zero if the price of their investment is lagging or going down. Scan this code to download app. PrimeXBT competes with several other popular trading platforms, each offering its own set of features and benefits. The platform provides a variety of free deposit options for both crypto and fiat. Over time, these fees can add up, potentially impacting overall profitability. It’s important to stay updated with the latest developments and news to understand how Chainlink continues to evolve in response to the changing landscape of blockchain technology and decentralized applications. Accounts on PrimeXBT can be funded through three different means. Instead, they expect Dogecoin to struggle to stay above $0. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. For traders, every increase in the follower’s count helps them make more money in the form of success fees from profitable trades. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. PrimeXBT goes even further, looking for Ripple to possibly reach a high of $50 in the next few years. Compare BitMEX with the top 3 similar brokers that accept traders from your location. They prioritize protecting user data and funds with sophisticated security measures. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain centered projects and hasn’t looked back ever since. $20,000 or equivalent for unverified users. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. These fees are typically a small percentage of the trade value and vary depending on the type of asset being traded. My experience with PrimeXBT’s customer support was mixed.

Security and Transparency

The crypto space is still new, which drives this volatility. 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. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, withdrawal from PrimeXBT or financial conditions may not align with your own. Step 3: You will see The Login Primexbt page. 📈✨ Enjoy features like portfolio diversification, hedging, leveraged trading, and copy trading options. It offers up to 125x leverage for BTC trading and has over 700 digital currencies for spot trading. The Academy gives you the tools and knowledge to succeed in trading. Prices on the Trading Platform may differ from open market prices. What is more, with PrimeXBT, you can speculate in this price movement with a high level of leverage that is up to 100x for crypto trading and 500x for forex related products. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. As explained earlier, leverage and margin trading amplifies both your profits and losses. For starters, the safest place for your crypto is in a non custodial, cold wallet. We’re glad to hear that you appreciate our efforts to continually expand the range of assets available on PrimeXBT, like the recent addition of Polygon.

About the Author: crownrr

You might also like: PRIME XBT Review. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. The Keltner Channel is a volatility based technical indicator composed of three separate lines. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. This section will highlight the importance of accuracy in the KYC process and provide tips for ensuring that your information is correct. Trade Crypto Futures Contracts incl. The benefits of CFD trading are that you can trade on margin. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. Parallel to this rise, PrimeXBT has emerged as a key trading platform, known for its advanced features and strong standing in the crypto trading community. Notably, Litecoin has gained attention from various sports leagues and is the official cryptocurrency sponsor of the UFC Ultimate Fighting Championship. PrimeXBT has no minimum deposit as such, you can deposit any amount. It is a higher reward, higher risk derivatives contract that professional trades want. This means that they will shut the position down before things get out of hand. My experience with PrimeXBT’s customer support was mixed. However, if there were some kind of mass adoption, it could be possible. That would be a significant increase from where the market has fallen, roughly doubling the price of Ethereum at the end of 2022. This provides an excellent opportunity for both experienced successful Traders and Followers to earn and greatly boost each other’s profit potential. 57 by December, and it had an average forecast of $0. Trading fees are the primary cost associated with executing trades on PrimeXBT. And for those clients who want to improve the cybersecurity of their investments, the platform offers several solutions. Learn more about Baksta’s Legal Terms. The speed and precision of the mobile app are invariable to the desktop version, powered by the same trading engine and security infrastructure, which has proven to consistently and flawlessly execute orders, even under extreme loads and hyperactive volatility. This fee structure is straightforward and transparent, ensuring users are aware of the costs associated with moving their funds off the platform.

Verified Trust Ratings

PrimeXBT’s fee structure is designed to be transparent, ensuring traders can easily calculate their costs. The idea of short selling is a little bit strange for some people, but it does offer more liquidity into the markets, and therefore it is a useful part of any market. In Crypto Futures, it leads the industry with fees of 0. Information regarding past performance is not a reliable indicator of future performance. «PrimeXBT plans to contribute to educational initiatives and community support programs in South Africa, further solidifying its commitment to the region. As a global platform, phone support would be a useful addition for users that need urgent assistance. For more information, please see our Cookie Notice and our Privacy Policy. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. It makes sure all trades on PrimeXBT are real and safe. Fees for futures trading are typically higher than spot trading because of the inherent complexities and risks associated with leverage. As an example, if you choose to short a currency, you need to borrow it to sell it to someone else. Active users across the world. Just load up the WebTrader and start trading. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Coinbase also has offices in New York and Tokyo. However, it’s crucial to consider the broader crypto market conditions and regulatory landscape. For our trading test, we thoroughly evaluated the PrimeXBT platform. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. However, when Litecoin fell back to the $20 range, they could have bought it back and still had $100 to spare.

Publicly Listed Crypto Mining Companies See Market Cap Surpass $40 Billion

Unlike most exchanges today, KYC verification is optional on PrimeXBT. Receive the latest news and stay informed. Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. However, depositing or withdrawing fiat currency will require KYC identity verification. The platform allows users to cancel withdrawal requests if they are still pending. With our flexible, 4 level Referral Program, you can earn additional income just by introducing friends to PrimeXBT. In addition to trading, overnight financing, and withdrawal fees, PrimeXBT may charge other fees for specific services or account activities. Active users across the world. Returns or profits may be subject to capital gains tax. In the world of Cryptocurrency, there are two main avenues to Crypto trading: spot trading and derivatives trading. Detailed margin and leverage values for each crypto pair are specified in myAlpari in the «Crypto Futures» section. What is more, with PrimeXBT, you can speculate in this price movement with a high level of leverage that is up to 100x for crypto trading and 500x for forex related products. All reviews, either positive or negative, are accepted as long as they’re honest. The following monthly chart of ADA/USD shows this.

Know Your Customer KYC

Learn more about Baksta’s Legal Terms. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. That’s in addition to some of the lowest fees, to ensure you can trade more for less. To start interacting with PrimeXBT, you need to open an account on the exchange. In other words, you are more likely to find people who want x200 leverage BTC futures contracts, rather than something like TRX or ATOM. With copy trading, there is no need to have a personal trading strategy. Keep growing those skills. They use trusted services for these transactions to keep things safe and reliable. As demand for Bitcoin increases, its scarcity becomes a crucial factor in price appreciation. It is a bold statement, but price predictions for the asset range as high as $100,000 to $1 million per BTC. These fees cover the transaction costs associated with processing the withdrawal on the blockchain network. We’re delighted to hear that our clean interface, comprehensive charting tools, and the ease of making deposits meet your expectations. These services are governed by the legal terms and conditions of PXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. To short BTC, you simply have to bet on the price of the primary cryptocurrency declining. Coinbase is a public US company and offers transparency into its industry leading security along with its brand reputation, while PrimeXBT is not regulated and US users cannot use it. This provides users with a fantastic and passive way to potentially earn profit from experienced traders, as well as diversify one’s trading portfolio. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. PrimeXBT provides traders with the tools and resources needed to implement various trading strategies. To the left of this is the option to switch from a candlestick chart to a line graph or bar graph. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds. Overall, I rank PrimeXBT in the middle of the pack. When you receive BTC this way, you can either keep it, trade it, or convert it to cash for use for bills or other things. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. Much like in sport, you can understand the game better than anyone, but you won’t be the best player on theory alone — you need to see how the ball bounces. I want to laeve my PrimeXBT review here. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. Um ihren Wert weiter zu veranschaulichen, haben wir die wichtigsten Vorteile zusammengefasst. 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. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation.

Ethereum Signals Potential Price Reversal: Bullish Divergence Forms for the First Time in Two Years

The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Customers really like PrimeXBT for its customer service and the wide variety of assets available. The most prominent example of Bitcoin trading involves buy and sell orders back and forth called spot trading. This adds to the variety of assets available to users. Understanding the reasons behind transaction delays can help you mitigate them. Art’s journey in democratizing the art market. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. Funding fees are calculated on an hourly basis and can be viewed directly on the trading platform. Nut and Health Nutricionista Bilbao Nutricionista Zaragoza. Here are 8 tips for writing great reviews. It is not something that you have to do, just something that you are able to do should you choose to. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day. They offer much more analysis of the specified time than a simple line chart, as they plot the open, high, low, and closing prices for a unit of time, such as a week, day, or hour. It offers a simple and intuitive interface, transparent fees, and a secure and reliable trading system based on Bitcoin multisig smart contracts. Exchange your Crypto for Fiat currency and withdraw it to your bank account. If you want to start a crypto portfolio, both Polkadot and Cardano are good choices.

PrimeXBT Futures Trading Fee Structure

We aren’t liable for losses from using our Service. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. The order form also displays recent trades and order book data. ❌Cons of using KuCoin. What makes the platform unique is that it’s fully autonomous, which discourages hackers from coming onto the platform and attacking the exchange to steal identities. 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. During its existence since 2018, PrimeXBT has established itself as a stable and reliable platform. Cardano can expand its utility and draw more users, thereby improving its value over time, by actively pursuing partnerships and collaborations with industry leaders and concentrating on real world use cases. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Compare the markets and instruments offered by BitMEX and its competitors. In this case, if your TP/Limit buy order was NOT executed, this means that the ASK price of the asset has NOT reached the price specified in your order. The copy coefficient determines the proportional lot size allocated to each copied trade from the signal provider based on the investor’s equity. The latter will not be paid if the trade is opened and closed within the same day. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Activate your account when registered successfully and start trading with the bonus credits. Scan this code to download app.

Spreads from 0 1

While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Yes, I can see your objection – «What is KYC in crypto. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. This diversity reflects the platform’s broad appeal and inclusivity. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. Additionally, you cannot set stop losses and take profits directly from the order form. Everyone can access wallets, chosen strategies and specific tools without difficulties. PrimeXBT supports trading Crypto, Fiat, Commodities, and Indices. Com Coupon Code: Receive Free Gift On Entire Site. Scan the QR code with your device’s camera and get APK file. 🇺🇸 US NFP:The market moving report on job creation and unemployment. The minimum amount of personal funds required to be a covesting leader depends on the currency. The range of supported cryptocurrencies and assets is a crucial factor when choosing a trading platform. There are no minimum deposit requirements while the Convesting copy trading fee is 0. By staking their DOT, holders can help to secure the network and earn rewards in the form of additional tokens. Additionally, withdrawals to a bank card come with a hefty 5% fee. Visit PrimeXBT Platform and get 35% on Your First Deposit. Most Forex trading is done between major institutions and central banks.

PrimeXBT Review

PrimeXBT explains its trading fees in a clear way. 7 months ago 465 views. The ability to sign up without KYC or ID verification appeals to those who value privacy. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. In case of system failures or incorrect position calculations, PrimeXBT may close positions or withdraw funds as deemed fit. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. Its high leverage options, up to 1:1000 for forex and 1:200 for cryptocurrencies allows traders to amplify their positions significantly, but it comes with an increased risk that can lead to significant losses, so it’s crucial to understand these risks fully and only trade with funds you can afford to lose. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. 5 million tokens were allocated for a pre ICO which took place in October 2017 and raised around 600 000$USD at around 0. 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. However, it may work better for some investors than others. The advanced trading platform also provides these digital currencies alongside traditional assets like stock indices, commodities, forex currencies, gold, silver, and much more. This feature is appealing to users who prioritize privacy and wish to trade anonymously. Having said all of that, it’s evident that Bybit is surely one of the better crypto exchanges on the market. The platform’s access to various asset classes, including major stock indices, commodities such as oil and gold, and the extensive realm of Forex trading, presents seasoned traders with a wide range of investment opportunities. Market Search: The dedicated «Markets» page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. Reply from PrimeXBT Copy Trading. The exchange has relatively low trading fees, with tiered discounts for CET token holders. Get access to a wide range of trading, investing, and Crypto services from a single app. Thank you for choosing PrimeXBT. As an example, if you choose to short a currency, you need to borrow it to sell it to someone else. A long position is an entry expecting the price of an asset to go up. Prime Technology Ltd is PrimeXBT’s Technology Provider. This involves understanding the markets, analyzing trends, and making informed decisions based on data. See our short whitelisting tutorial.

Diego Sanchez

If the price of Bitcoin moves according to the direction you have bet on, your profits will be significant. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. KYC is optional on PrimeXBT. Dear Sizwe,Thank you for your positive feedback. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Withdrawal Fees: PrimeXBT imposes a flat fee for withdrawals, with the amount varying based on the cryptocurrency being withdrawn. These alliances help us maintain our position as a leading trading platform in the industry. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. In the world of technical analysis TA, understanding basic chart patterns is fundamental for successful trading. PrimeXBT regularly offers ongoing promotions that provide traders with various benefits, such as deposit bonuses, fee reductions, and special trading rewards. To add funds to PrimeXBT, log in to your account, navigate to the «Deposit» section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. If the strategy is successful, you will earn 60% of all generated profits, thanks to the Strategy Provider. OKX also provides features like earning and growing holdings, loans, Jumpstart for new projects, and a DeFi and Web3 marketplace. Welcome to the PrimeXBT affiliate program overview. You can reset your account password using the Password recovery feature.

Dominikas Pupkevicius

Our clients love how fast and simple our sign up is. In summary, PrimeXBT’s history is characterized by rapid growth, continuous innovation, and a steadfast commitment to providing a secure and comprehensive trading experience. Here is a look at the margin requirements for the 11 supported indices. PrimeXBT is a leading provider of leveraged cryptocurrency products that allow you to take full advantage of margin trading. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Learn more about CEX. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. It is the hardest form of money ever prior to Bitcoin, and is why the term «gold standard» exists. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. Information regarding past performance is not a reliable indicator of future performance. By following these steps, you can seamlessly start spot trading on PrimeXBT and participate in a variety of global financial markets. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. The platform also provides competitive fees, robust security measures, and a user friendly interface. Another common mistake among crypto traders is to trade against the trend. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. With a brokerage, however, there is no «other person» you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. However, at PrimeXBT we do all of these calculations «under the hood» so that you can focus on trading. Learn more about Baksta’s Legal Terms. The exchange has licenses, but its activities can not be called officially regulated. The only challenge I am having now is trading futures which became unavailable in my location. By having a larger position, requires you to have more margin, ultimately reducing exposure risk. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. PrimeXBT doesn’t offer a dedicated phone line for emergencies. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. It offers clients various ways to invest in Bitcoin and other Cryptos including purchasing and holding the coins, as well as leveraged trading of derivatives like Crypto CFDs and Crypto Futures. This can help with risk management, especially if you are using the crypto trading signals with leveraged products. Because margin positions are collateral based, accounts can go in the negative.

Start Copying Now!

Never Miss Another Opportunity. A Strategy is a pool of a trader’s personal funds which is visible to the public and can be Followed by others. As a general rule, currency pairs to have the widest spreads tend to be the ones that move the most. PLEASE NOTE THAT COMPANY IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF BITCOIN TRADING WITH MARGIN. 6621 in 2023, which is a 22. One of the best aspects of the platform is their support team. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. In addition, Polygon achieved carbon neutrality in 2022, contributing to its appeal among environmentally conscious investors​. It also stands out for allowing users to trade various assets, including cryptocurrencies, stocks, commodities, and indices, from a single platform. When it comes to trading platforms, having the right tools and resources can make all the difference. Brand operating since.

Web3 Explorer

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Long trading: Short trading. When it comes to KYC, ProBit has two levels. The platform’s fee structure is designed to be competitive and transparent, making it an attractive choice for traders. In addition to trading, overnight financing, and withdrawal fees, PrimeXBT may charge other fees for specific services or account activities. Define your goals, risk tolerance, and preferred trading style. 2024 00343, having its registered office address at PKF Corporate Services Ltd. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Since its inception, PrimeXBT has focused on offering advanced trading solutions with a particular emphasis on high leverage, allowing traders to maximize their potential returns. On their web page, they are officially registered in Seychelles with offices in St Vincent and the Grenadines. For queries about our exchange services, including how to buy, sell, and trade cryptocurrencies, our support team is available to guide you through the process. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Trading Ethereum involves speculating on its price movements to generate profits. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Every person on the blockchain can view these transactions, making it hard for the sector to be used for illicit activities.