Last Updated on May 3, 2021 by cryptocreed
It’s challenging when we want to discover the best platform. Finding all instruments we need and all those tools we have experienced is another big challenge. Affordable fees, security, authenticity, and also trustworthiness are what we all want. Review plays a vital role. When traders are looking for a platform, all competing for exquisite and indubitable capital out of the sea
This is the platform that aims to enlighten the reader. After getting started, signing up for PrimeXBT is significant.
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About PrimeXBT
PrimeXBT is a multi-asset trading platform based on bitcoin. It was recently awarded Best Cryptocurrency Trading Platform, Best Cryptocurrency, and Forex Broker, and Best Crypto Trading App in the Forex Awards as well as garnering an award for Best Bitcoin Margin Trading Platform in the very prestigious ADVFN Awards.
Registration
Some platforms provide a simple signup process as PrimeXBT. It takes only one minute to signup and no personal information is required. Just an e-mail address and country are asked for signup and you can get started with making the first deposit.
Accounts are available for demo, no fee will be charged for this demo. It is for your satisfaction and no personal information will be taken for it, so you don’t need to be worried about any risk. When you are ready to start, the platform features and tools mitigate any risk.
Deposits
Accounts are always denominated in BTC, and all deposits must be made to a BTC address. A low minimum deposit of 0.001 BTC is required. BTC is used as a financial process for all positions.
Funds are always available soon after a Bitcoin deposit. Bitcoin deposit has only 3 steps for confirmations. Further deposit methods are fiat or Altcoin etc will are available through a third-party service which is known by Changelly.
Soon after the deposit, the trading account must be funded. This helps tools to keep some capital separated, which is currently available for margin in the trading account. Turbo and Covesting are new features on the platform, they are available on a separate wallet system.
Withdrawals
Withdrawals are also very simple as a deposit procedure, but the thing to keep in mind is that it can be sent to another BTS address. If you sent it to a different Cryptocurrency address, this could lead to a loss of funds.
Withdrawals are added to a queue for a once-a-day rollover period at which withdrawals are processed. Pending withdrawals can be canceled until a window ahead of rollover is reached.
Trading Instruments and Tools
PrimeXBT offers up to 1000x leverage on commodities, cryptocurrency, forex, and stock indices.
FX currencies offer includes more than 25 majors, with the addition of some currencies. All forex, including both gold and silver, may be traded at up to 1000x.
CFDs for natural gas, Brent, Crude oil, and twelve different stock indices are offered for trading at up to 100x.
Cryptocurrencies: Bitcoin, EOS, Ethereum, Litecoin, and Ripple are offered as trading pairs against BTC and USD at up to 100x leverage.
All assets may be traded using long or short positions this helps traders to gain profit no matter the market’s direction. Stop-loss orders and take profit orders enable this long and shorts lucrative and inhibit risk. These advanced order types can even be added after a trade is made.
PrimeXBT features comprehensive charts, replete with technical analysis utilities, indicators, and more for effective strategic planning and execution. Speaking specifically of execution, this makes the platform even simpler to enter positions. It is accurate trading by clicking on the chart itself.
Rounding out the user experience is an individually customizable interface with many available widgets. Through this traders can craft the trading terminal according to their designs.
Fee Structure
PrimeXBT has no stressful thing as it offers some of the best and reliable fees.
Across all crypto trading pairs, the trading fee is only 0.05%. Forex trading fees are as low as 0.001%. Fees for everything else are only 0.01%.
Those who up their game and become active traders successfully have some advantages. They can take reward of the progressive fee system. This system offers a 50% discount off. In the account bit, there is a method by which you can track progress towards each discount tier (25% to 50% off).
The minimum position requirements are also quite low.
Referral Program
According to the leaderboard, the top PrimeXBT trader has already generated over 50 BTC.
This was achieved through the platform’s lucrative four-level referral program. As each referred trader brings new traders to the platform themselves, the original client to make the first referral will continue to earn commissions from each new referral forward, up to four levels of commissions.
CPA offers are also available. These are exclusive ambassador relationships that become complete with personal customer care representatives.
Extras
PrimeXBT is also one of the few trading platforms which offer breaks from the status quo. They recently have started a new synthetic Bitcoin contract named Turbo. These short-duration contracts last only in 30 seconds, one or five minutes. It can garner up to 90% of profits at the tiniest intervals.
The results can be amazingly encouraging, however, it is possible to lose nearly all capital through these sorts of contracts, so it is generally suitable only for certain traders with a high level of command over shorter timeframes. However, it can be a handy tool. When markets are occasionally stagnant, revenue is possible even without high percentage movements.
Also, another tool has recently started assign as Beta. They called it Covesting Fund Management Module. This unique and amazing service connects fund managers with investors and provides them chances to make a profit together in a synergistic way.
Conclusion
PrimeXBT members can take advantage of all price movements. Utilizing up to 1000x leverage you can take long as well as short positions on Crypto, Commodities, Forex, and Stock indices.
To earn profit in greater amount give a try to PrimeXBT. There is not a single reason which does not let you join PrimeXBT but the pros are no KYC process, introductory deposit, and very quick registration which typically complete in less than 60 seconds.
