Cryptocurrency has been thriving for many years now, but as we embark upon a new era in 2019 we see the market evolving and becoming evermore active. With that, further enhanced and adept trading terminals are being developed to accommodate for the next wave of new crypto traders, including for those with experience in traditional forex/equity markets.
PrimeXBT, a new global crypto trading platform, is one that caters both beginner and professional traders. It draws from the wisdom and familiarity of lessons learned over decades in traditional stock trading, with the immense opportunity that comes as a result of the highly active cryptocurrency markets. Rather than shying away from crypto’s volatility, Prime XBT has found a way to maximise its potential in both rising and falling markets with advanced trading techniques and order types not offered by most other exchanges.
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Advanced Trading Capabilities
Unlike the majority of crypto trading platforms, PrimeXBT allows for Margin Trading with up to 100X Leverage. This means that traders can increase their potential profit by up to 100 times; a $100 position becomes a $10,000 position, or in other words, a $100 profit becomes a $10,000 profit, etc.
With Prime XBT, this leverage can also be applied to Short Selling, which again is uncommonly offered by most other trading platforms. To short sell is to bet against a crypto-asset’s price going up. Instead of buying low to sell high, a trader will lend funds from the broker/platform to sell high and buy back in low — the difference in the high and low price is the traders profit, which is then multiplied by the X amount of leverage taken.
In addition to this, various advanced order types may be applied with PrimeXBT, such as: Stop-Loss, Limit, and OCO (one-cancels-the-other) orders. Utilization of these orders can help a trader to mitigate loss and manage risk, by enabling them to pre-dictate position entry and exit strategies with respect to the amount they are willing to risk.
Sophisticated Trading Terminal
Prime XBT implements all the requisite and most vigorous security measures that protect user accounts and funds, like Cold wallets, DDOS protection, withdrawal address whitelisting, email confirmations and 2 factor authentication (to name a few). The user interface is designed to be intuitive and seamless for both novice and professional traders, with advanced charting technology, drawing tools, multi-monitor support and a customizable terminal to suit the individuals needs.
Prime XBT aggregates liquidity from 12 other leading crypto exchanges to offer its traders the best possible price and instant order execution on Bitcoin, Ethereum, Ripple, EOS, Litecoin and Bitcoin Cash immediately upon launch. You can see this functionality in action now via the live demo here.
PrimeXBT is launching this month in January 2019, and as incentive for new users the company is running a Sign-Up Giveaway Promo — granting early access to the platform. The equivalent of $1 million in BTC is being rewarded to new members, with those who refer the most new people receiving a greater BTC reward. Furthermore, early sign-ups will reserve 50% of all trading fees. There’s no KYC and sign up takes less than a minute.
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Profit With Up to 100x Leverage on PrimeXBT in Both Bullish and Bearish Markets was originally published in Cryptocurrency Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.