How to trade stocks with crypto at PrimeXBT

June 20, 2021

You will have a lot of flexibility if you can rotate your crypto assets into stock indices. In this case, PrimeXBT adds that flexibility. The platform's flexibility, reliability during volatility, liquidity and instant order execution have earned the platform several accolades.

What is PrimeXBT?

PrimeXBT trading is a multi-currency trading platform that allows you to stake Bitcoin as collateral for trading. You can also use your crypto to buy more than 50 assets, including stock indices like NASDAQ, SP500, DOWJ, GER30, UK100, HK-HSI and the list goes on. PrimeXBT allows you to use cryptocurrencies to diversify your portfolio and hedge risk. Holding both cryptocurrencies and stocks is a form of risk management. The more diversified your portfolio, the more likely it is that an asset will not affect your overall investments.

And what happens when you see a good trade and wish you could instantly trade your crypto for that hot stock index? PrimeXBT could be your answer.

Signing up for PrimeXBT is a simple process. There are hardly any KYC (Know-Your-Customer) rounds that you have to go through to start trading. You just enter your email, password and phone number (optional) and your account is set up. You don't have to enter additional personal information like your bank account or passport information, making the registration process private, quick and easy.

Once your account is set up, you can send Bitcoins from an external wallet by clicking on the main section at the top. Next, click on the deposit button. You will be shown different sections, one of which is Bitcoin (BTC). You should be able to copy your PrimeXBT wallet address and paste it into the destination section of the website or wallet service you are sending money to. You can also use the QR code provided by PrimeXBT. Only send Bitcoins to this address. If you send anything else, you may lose your money.

You will also be able to deposit Ethereum (ETH), Tether (USDT) and USD Coin (USDC) with the same instructions above. Note that, like the Bitcoin example, you must also make sure you are sending the correct currency to the correct address, or you may lose money.

Another way to deposit money into your account is to press Main, tap Deposit at the top, click Buy Bitcoin, select the platform you want and then buy Bitcoin. If you choose this option, you will have to show more private information like ID and Social Security Number.

You can open free account in here.

Trading stocks with cryptocurrencies

After you have deposited the amount you want to trade, go to the page where you find the market charts and start trading. Here you can trade a variety of assets such as cryptocurrencies, forex markets, stock indices. What you can trade can be found on the left side of your screen.

To trade stock indices with your deposited cryptocurrency, click on the index of your choice. A chart will pop up accordingly. Above the trading chart you will see a Sell button and a Buy button.

The Sell button indicates that you are planning to short the market, meaning you are borrowing the asset at the current price and predicting that the price will fall. You would then sell the position later in the hope that the price will fall. You borrow at a higher price, buy back the property at a lower price, pay back the property you borrowed, and make a profit.

You can also click Buy, which means you are making long-term trades. You are predicting that the price will rise from the current price and have a higher value later.

After clicking Buy or Sell, you can choose the order type you want for the selected stock. These orders are as follows:

Market - Market order type means that the order is executed at the immediately available market price.

Limit - You are the setter. This price is the limit of what you are willing to buy or sell. The market may or may not achieve this setup.

Stop - This indicates when you want to buy or sell an asset when it reaches your specified price. That specified price will be your market order.

OCO - This allows you to fulfill two orders under certain conditions. Once one of the orders is activated and completed, the other will be canceled immediately.

For each one of these, you can place a stop loss and take profit order. Stop loss protects long positions by selling at the price you choose.

Trading feature

Amount is the amount of property that you want to acquire. In the above example, you will buy 1 order of SP500.

Assess your risk and do not risk more money than you are willing to lose. Placing a stop loss order will help you manage your risk and give you clearer strategies on when to exit. In the example above, you can see that a stop loss order has been placed at a particular SP500 price. You can also view the expected losses in BTC above if you want to automatically close the position at that price. You will also notice that you can take profits when the index reaches a specific price level.

This also allows you to minimize losses and take profits without having to be glued to the computer screen all day.

To close your position manually, look for the plus sign at the top, create a location tab, right click on the slot you have and then close it. You will complete the trade and sum up the profit and loss.

As a minimum, you only need 0.001 BTC, so starting to trade on PrimeXBT is simple and cost-effective. You can get started right away, even as a beginner.

PrimeXBT trading also has advanced tools for experienced traders, like charting software that allows you to draw patterns, draw trend lines, gauge an asset's support and resistance levels, use Fibonacci retracement, record your own text on the chart and more. There are also customizable widgets that allow you to adjust the background as you see fit like changing the size and position of sections.

Once you've done your trades, your funds will be kept in PrimeXBT's cold storage, which you can withdraw once a day. This option may seem limited as it only happens once per day, but PrimeXBT's makes it extremely safe when it comes to the security of your funds.

Fees

Another reason to use PrimeXBT fees is the low fees associated with trading stock indices. The usual fee you will see is a 0.01% fee. You can find a chart of fees on the PrimeXBT website.

Stop thinking

Overall, if you want to use your crypto for stock indices, PrimeXBT's platform offers you a way to diversify your hard-earned crypto with other assets. Its award-winning platform is well-deserved for its ease of use and diverse marketplace. And if you see potential in markets other than crypto, like stock indices and forex trading, you'll be able to rotate your crypto funds quickly with PrimeXBT.

PrimeXBT has prepared a special offer for their new customers: they will get 50% of the first deposit credited to their account as a bonus that can be used as collateral additional to open positions! Open rightnow!!!

Primexbt Mobile App

MULTIPLE ORDER TYPES
Execute a variety of advanced order types such as market, limit, and stop orders, as well as take profit, stop loss, and OCO orders (one cancels the other).

EASY TO USE
The user-friendly graphical interface and tutorials makes PrimeXBT easy to use for anyone, new or experienced.

LIVE TRANSPARENT PORTFOLIO REPORTING
Access real-time portfolio metrics and position performance data right at your fingertips, from anywhere in the world.

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