This platform is a must-have solution for anyone looking to expand their portfolio alongside cryptocurrency trading. In particular, PrimeXBT supports unprecedented products on other cryptocurrency platforms.
PrimeXBT offers attractive leverage for traditional crypto and market assets such as Forex, Indices and Commodities.
PrimeXBT has become a strategic partner with notable names like Devexperts - a developer of trading software with remarkable milestones. Covesting - DLT service provider. Bitfury is also integrated to operate an anti-AML system for Bitcoin transactions. CEX Direct, a London-based cryptocurrency trading company, also allows its users to purchase Bitcoin directly from the PrimeXBT platform.
The platform supports deposits in Bitcoin, other tokens or with credit cards thanks to the integration feature from CEX Direct.
Address Whitelisting - ensure legal and safe when making withdrawal. This feature protects property even when the account has been stolen. This is because withdrawals can only be made to registered addresses.
Primexbt Promo code, how to enter promo codes
PrimeXBT has a 24/7 operating support team for traders. You will not need to email and wait. The team will always be ready to respond to your inquiries as quickly as possible.
Access the Trading platform and display the Watchlist item with all the tools.
There are many trading tools in the watchlist section. We have SP500, EUR / USD and many other currencies. There's also Oil, Gold, Silver, Indices and much more.
It would be great if you could diversify your positions besides Bitcoin - try looking at other assets like trading indices, precious metals and commodities.
PrimeXBT - unlike many cryptocurrency exchanges that are operating P2P, this is an STP exchange. STP is Straight-through-processing. This means that users will be matched directly with the market making algorithm. PrimeXBT will send the order to all liquidity providers. As a result, liquidity will be higher and slippage will be lower for all existing products.
You can execute orders in many ways - you can click directly on the chart, or to the trading instruments in the watchlist and choose Buy or Sell. Here, you can choose a transaction.
Most people are already familiar with Market, Stop and Limit orders. These order types are provided by PrimeXBT.
For the convenience of the trader - the order window will display the item "Margin Impact", with details of existing assets and will be reserved to open orders whenever the user wants.
Leverage and how it works on PrimeXBT are one of the factors that need to be considered. Unlike many other margin exchanges - you have to set a leverage (between 1 -100), PrimeXBT provides a much easier solution. User can control their leverage by adjusting position size. For example: you have 1 BTC in your account and are allowed to open a 100BTC position with 100: 1 leverage. Thus, you have used the maximum possible margin of 100%…. In this case, you will most likely get a margin call or have your account liquidated if the price goes against the trend you were betting on. However, instead of placing 100: 1 leverage, you can use a position size of 20 BTC. Thus, to get 100BTC, you only need to use 20% of the total available margin, allowing you to open more trades or simply the price range will be wider than that on your account. you are still not disposed of. We always recommend that users do not use more than 50% of the available margin to avoid liquidation. Especially when trading in a highly volatile market.
Primexbt offers 1 competitive fee. Specific information about transaction fees can be found at https://primexbt.com/fees
Some exchanges use a 0.075% fee for takers while allowing maker discounts, however PrimeXBT is an STP broker and it also pays for the operations of the liquidity department. This means the maker doesn't get a discount. However, the delivery fee is set at a fairly competitive level of 0.05%, much lower in other markets.
Covesting, a new generation copy trading platform is currently available on PrimeXBT. This is the result of a B2B partnership with a European-based fintech software developer, which allows traders to connect with followers and make cross profits.
Covesting is an international fintech company incorporated under Gibraltar law, providing the widest range of software solutions for institutional and retail customers worldwide. Covesting became one of the first companies in the world to receive a Distributed Ledger Technology (DLT) License from regulators in Gibraltar. http://www.gfsc.gi/regulated-entity/covest-international-limited-24766
Convesting allows traders to create a transparent fund using their trading strategy, in which users can verify the profile and amount of capital invested in each fund. Traders can build a reputation and a second source of income by attracting followers. Users can check traders' information, check their trading results and invest in traders they feel they trust. Convesting helps people to make money passively without any trading skills or market knowledge.
(Risk Disclaimer) When you follow the manager's strategies, you face market risk. A strategy manager trading volatile instruments can result in a loss of part or all of your capital. Please do not allocate the amount that you do not accept the risk of loss into strategies. Please diversify and do not allocate all of your capital to a strategy. The risk of using a strategy is the same as trading yourself.
Most traders do not make much profit because they are dominated by emotion and often use only one type of trading strategy. Covesting is a perfect solution for traders and investors as it benefits both parties. New traders can follow and make profits according to experienced traders, while experienced traders can make more money by attracting more followers.
See the fund's activity level
Look at a manager's equity to see how much it has increased
Guaranteed no sharp decline in equity
The value increases steadily
That strategy doesn't use a high margin
Read more : Primexbt Covesting tips
Never invest 100% of your capital in a fund
Don't invest without regularly checking your fund's stats
Do not invest in a fund with low equity
Do not invest in funds that have been in the market for less than 30 days
Do not invest in a fund using large margin
As you can see, the PrimeXBT platform is really different from what we normally see in most crypto exchanges. It offers different forms of execution - STPs for the liquidity providers instead of the 2-peer trading that most exchanges offer. Covesting offers a wide range of products and markets and has proven itself to be a reliable and supportive company that seeks to bring new products and new opportunities to its customers.
A trader's past performance cannot guarantee their future trading outcome. Please rate how long the strategy has been in operation, the more risky the new strategies are. Choosing the wrong strategy can cause you to lose part or all of your capital. Again, don't invest when you're not ready to take the risk. Following other people's strategies is always risky.
I hope to get a lot of useful information from this article. If you want to experience the platform yourself, you can use the promo code - offer 50% 50% deposit bonus in the description, please note that the promo code can only be used for margin trading and Does not apply to copy transactions.
Sign up right here for a chance to experience quality service from PrimeXBT !!!