PrimeXBT – the must-have solution for professional traders

June 22, 2021

Primexbt trading platform is a must-have solution for anyone looking to expand their portfolio besides trading cryptocurrencies. In particular, PrimeXBT supports products that are unmatched on other cryptocurrency platforms.

PrimeXBT offers attractive leveraged services for digital assets and traditional markets such as Forex, Indices and Commodities.

PrimeXBT has become a strategic partner with notable names such as Devexperts – a developer of trading software with notable milestones. Covering – DLT service provider. Bitfury is also integrated to operate an anti-AML system for Bitcoin transactions. CEX Direct, a London-based crypto exchange, also allows its users to buy Bitcoin directly from PrimeXBT's platform.

The most common features about the platform

The platform supports deposits in the form of Bitcoin, other tokens or with credit cards thanks to the integration feature from CEX Direct.

Address Whitelisting – ensures legality and safety when making withdrawals. This feature protects assets even if the account has been stolen. This is because withdrawals can only be made to registered addresses.

Promo code, how to enter promo code.

PrimeXBT has a 24/7 operational support team for traders. You won't need to email and wait. The team will always be ready to respond to your inquiries as quickly as possible. Try Primexbt Trading

Markets and Trading Activity

Go to the Trading platform and display the Watchlist with all the instruments.

There are many trading instruments in the watchlist section. We have SP500, EUR/USD and many more currencies. There is also Oil, Gold, Silver, Trading Indices and much more.

It would be great if you could diversify your positions besides Bitcoin – try exploring other assets like trading indices, precious metals and commodities.

PrimeXBT – unlike many cryptocurrency exchanges that are operating P2P, this is an STP exchange. STP stands for Straight-through-processing. This means that users will be matched directly with the market making algorithm. PrimeXBT will send orders to all liquidity providers. As a result, liquidity will be higher and slippage will be lower for all existing products.

Command Types

You can execute orders in many ways – you can click directly on the chart, or go to the trading instruments in the watchlist and choose Buy or Sell. Here you can select the transaction item.

Most people are familiar with Market, Stop and Limit orders. These command types are all powered by PrimeXBT.

For the convenience of traders – the order window will display the item “Margin Impact”, along with the details of the existing assets and will be reserved for opening orders whenever the user wants.

Lever

Leverage and how it works on PrimeXBT is one of the factors that should be taken into account. Unlike many other margin exchanges – you have to set a leverage level (from 1 -100), PrimeXBT offers a much easier solution. Users can control their leverage by adjusting the 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 bet on. However, instead of placing a 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 additional trades or simply have a wider range of price fluctuations than your account. you are still not liquidated. We always recommend users not to use more than 50% of the available margin to avoid liquidation. Especially when trading in a highly volatile market.

Fees

Primexbt fees is competitive fee.

Some exchanges use a 0.075% taker fee while allowing maker discounts, however PrimeXBT is an STP broker and it also covers the operation of the liquidity department. This means that the maker is not discounted. However, the delivery fee is set at a fairly competitive 0.05%, much lower than in other markets.

Convesting

Covesting, a new generation copy trading platform is now available on PrimeXBT. This is the result of a B2B partnership with a fintech software developer based in Europe, allowing traders to connect with their followers and earn cross profits.

Covesting is an international fintech company incorporated under the laws of Gibraltar, providing the widest range of software solutions to institutional and retail customers worldwide. Covesting has become one of the first companies in the world to receive a Distributed Ledger Technology (DLT) License from regulators in Gibraltar.

Convesting allows traders to create funds using their trading strategy transparently, where 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' credentials, check their trading results and invest in traders they feel confident in. Convesting helps people earn money passively without any trading skills or market knowledge.

(Risk Disclaimer) When you follow the strategies of your managers, you are exposed to market risk. Trading volatility instruments by a strategy manager can result in a partial or complete loss of your capital. Please do not allocate funds that you do not accept the risk of loss into strategies. Please diversify and do not allocate all your capital to one strategy. The risk of using a strategy is the same as trading by yourself.

Most traders do not make a lot of profit because they are driven by emotions 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.

Convesting

Covesting, a new generation copy trading platform is now available on PrimeXBT. This is the result of a B2B partnership with a fintech software developer based in Europe, allowing traders to connect with their followers and earn cross profits.

Covesting is an international fintech company incorporated under the laws of Gibraltar, providing the widest range of software solutions to institutional and retail customers worldwide. Covesting has become one of the first companies in the world to receive a Distributed Ledger Technology (DLT) License from regulators in Gibraltar.

Convesting allows traders to create funds using their trading strategy transparently, where 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' credentials, check their trading results and invest in traders they feel confident in. Convesting helps people earn money passively without any trading skills or market knowledge.

(Risk Disclaimer) When you follow the strategies of your managers, you are exposed to market risk. Trading volatility instruments by a strategy manager can result in a partial or complete loss of your capital. Please do not allocate funds that you do not accept the risk of loss into strategies. Please diversify and do not allocate all your capital to one strategy. The risk of using a strategy is the same as trading by yourself.

Most traders do not make a lot of profit because they are driven by emotions 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.

How to choose the right strategy:

See the fund's activity level

Look at the manager's equity to see how much it has grown

Ensure there is no sharp drop in equity

The value increases steadily

That strategy doesn't use high margin

5 things to avoid when following another trader's strategy:

Never invest 100% of your capital in one fund

Don't invest without regularly checking the fund's stats

Do not invest in low equity funds

Do not invest in funds that have been on the market for less than 30 days

Do not invest in funds that use large margin

As you can see, the PrimeXBT platform is really different from what we are used to seeing in most crypto exchanges. It offers different forms of execution – STP for liquidity providers instead of the 2-to-peer trading that most exchanges offer. Covesting offers multiple products and markets and is proven to be a reliable and supportive company, always looking to bring new products and new opportunities to its customers.

A trader's past performance cannot guarantee their future trading results. Please rate how long the strategy has worked, the newer the strategies, the more risks they carry. 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 the strategies of others is always risky.

I hope to get a lot of useful information from this article. If you want to experience the platform for yourself, you can use the promo code – 50% deposit bonus 50% in the description, please note that the promo code can only be used for margin trading and does not apply to copy trading.

Register here to have the opportunity to experience quality services from PrimeXBT!!!

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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