Benefits Of Trading Using The Primexbt Platform

PrimeXBT is a unique margin trading platform built on Bitcoin, PrimeXBT provides instant access to over thirty assets, including Crypto (Bitcoin, Ethereum, Litecoin, Ripple, EOS), Forex, Commodities (Metals), and Indices. The exchange was founded in 2018 and serves customers in more than 150 countries.

Another important thing to consider regarding PrimeXBT is the anonymous exchange, which is very beneficial for merchants who are concerned about their online privacy. Apart from that, the PrimeXBT platform can also deter hackers who try to take identities and attack the exchange, It is suitable for both beginners and experts because of its security.

Provided On PrimeXBT Platform

  • Maximum leverage of 500x for short and long-term positions And 100x leverage on cryptocurrencies.
  • Online privacy.
  • Combined liquidity from multiple liquidity providers Various technical analysis tools are available for Security trading, thus creating a safe and effective trading environment

Bitcoin Margin Trading

One of the main characteristics of Prime XBT is Bitcoin margin trading.

Leverage: Usually expressed in an amount, it is the amount that can be borrowed from the debt. Leverage 20x implies that when a trader has $1, the trader can trade it for $20. Margin This term is used to refer to loans or debts that traders use to purchase various financial instruments.

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Advantages Of Margin Trading With Bitcoin

Leveraged trading allows traders to risk a greater investment than they can afford. But No need to worry anymore if you use margin options, traders will benefit from the borrowed money.

PrimeXBT provides the highest leverage of 100:1 for crypto pairs and up to 1,000:1 for some Forex pairs. Traders will need 1% of capital to place orders for crypto pairs. The exact leverage that a Trader can use will be determined by the type of asset being traded as well as the size of the transaction made.

Bitcoin margin trading is growing into a very popular business, as institutional investors have stepped into the field. This is the main reason why PrimeXBT’s popularity has increased. To ensure that its clients are profitable, PrimeXBT provides its customers with several advanced trading tools:

Built-in chart tools that ensure that Traders have the best time for withdrawals and entries into the margin trading market. Tools include almost all popular indicators such as RSI, MACD, Bollinger Bands, Williams Alligator, and many more.

PrimeXBT Order Type

PrimeXBT offers the option to use a variety of different order types. This type of order can provide additional protection and hedging on these margin trading platforms.

Here Are Some Of The Advanced Primexbt Order Types Available:

  • Market Orders: A set of orders to be executed immediately or within the first available moment.
  • Limit Orders: Allows traders to set a “limit” on the price they can buy or sell.
  • Stop Orders: Buy and sell investments when they have reached the set “stop” value. Order Protection Limit losses or secure profits from any orders or trades.
  • One Cancellation and Other Orders: OneCancels are unlimited orders. This allows you to combine two different orders under certain conditions. The second one is immediately canceled when one order is activated and executed.

PrimeXBT Customer Support

Another important aspect to consider is the quality of customer support. That’s right, Customer support can be the difference between a successful exchange and an unsuccessful one.

KYC verification can take a lot of time to support customers. But since PrimeXBT does not perform these tasks and can do them in a large amount of time, it allows Traders to benefit from faster query resolution.

The most effective customer service option is the live chat feature. Live chat and accessible any time of day. Traders can contact the PrimeXBT team if they have follow-up questions based on topics such as security, account management, or product questions.

If the Trader is having trouble resolving the issue immediately, the Trader may choose the option to contact them via Twitter and Telegram. Unfortunately, PrimeXBT does not offer dedicated support for phone calls.

Conclusion

Overall, it’s not surprising that PrimeXBT has won multiple awards in recent years. This is how PrimeXBT compares to its main competitors. PrimeXBT also offers apps for mobile that run on iOS and Android devices. One thing worth mentioning is that PrimeXBT offers additional resources to help Traders understand various aspects related to the trading platform if One is looking for a platform that allows safe margin trading as well as transparent fees and the latest technology.