PrimeXBT Multi-Asset Trading Platform: The Definitive Guide [2021]
Cryptocurrencies are undoubtedly one of the most popular ways for retail and professional investors to reap incomes and profits and today with more exchanges available to traders than ever before it is vital to growth and security to use a platform known for effective security measures and useful trading tools.
One of the most popular and trusted platforms for trading these digital assets is PrimeXBT and from the platform to tools and coins they support are one of the most useful around and in this guide, we review their suite of tools and trade types as well as their features and upcoming developments.
Crypto has certainly evolved over time since Bitcoin became the first one to exist when created in 2009 though the platforms enabling their trade to have as well and PrimeXBT is no exception as their site now facilitates up to seven billion dollars per day and has excellent security and great trading-tool varieties.
PrimeXBT Basics:
What is PrimeXBT?
Launching in early 2018 to revolutionize the crypto-trading space with features that make profits possible in a number of market conditions this high-liquidity platform now supports millions of monthly traders and hundreds of combined coins and trade types that make gains possible to all investors.
PrimeXBT is a multi-asset margin trading platform enabling users to reap greater profits as they not only provide useful tools and charts/graphs that offer invaluable insight on movements within the market but offer margin-trading products that let users to open orders up to 500x on the largest of offered assets.
This site quickly popularized upon its release as its intuitive interface combined with bank-grade security and robust technology, which allows thousands of trades to be swiftly executed per second during peak trading hours, allow users to quickly open or close positions with little latency or spreads in valuations.
Unlike most others, this platform is empowered by sourcing liquidity from twelve providers to ensure its users have access to buy and sell orders at all times and for the best possible entry and exit points and with having what may be the highest market liquidity of any other is a safe haven to millions of traders.
Why Has PrimeXBT Grown So Fast Over the Last Few Years?
PrimeXBT is one of the most-used trading platforms with over seven billion dollars per day in supported transactions which rivals any other and this explosive growth can be attributed to the track record they have sustained but also the customer support and security they provide to their devoted trader base.
This exchange rapidly grew and outpaced most others in the speed at which their user base grew and one reason for this is their high liquidity across trading pairs which not only represents the health of the platform as a whole but ensures users can retain more profits due to slippage being minimally existent.
Security is one of the most important factors to consider when choosing a trading platform and is one of the reasons PrimeXBT has grown as quickly as they have as the platform not only uses the latest in bank-grade security measures but a powerhouse team of analysts that monitor the site and its transactions.
Assets and investments are only as secure as the methods used by the exchange to store them and since this platform does not store assets within its network but in cold wallets out of reach to hackers is now a favorite to users as held cryptos are not privy to the attempts of unscrupulous hackers or cyber-attacks.
Core Value Offering from PrimeXBT: Cost-Efficient, Innovative Tools and Services.
Cost-efficiency is vital to the profits of any investment strategy as part of this consideration requires the transactional and trading fees to be accounted for as high-cost platforms can quickly consume profits users diligently strive to earn through PrimeXBT traders can execute crypto trades for only a 0.05% fee.
Innovation is the driving force of the brand and shows in the design of their trading platform and tools offered and today is used by thousands of daily-active traders wanting access to greater profits possible with leverage-traded orders that allow even comparatively small movements to reap respectable sums.
Operating as an award-winning exchange and margin-trading platform with many BTC-based CFDs and short or long positions for stock indices and commodities, as well as forex and cryptos, it is a great site for those that not only wanting to enjoy industry-leading security but access to many trade types too.
PrimeXBT is a refreshing experience to the many that contribute to its billions a day in transactions as fast-made transactions and top-notched support, combined with wallet-friendly fees and industry-low fees, not only makes trading more profitable but easier and more secure than ever before.
What are Some of the Features of PrimeXBT?
Intuitive User Interface
One trait of any platform enjoyed by users is the ease at which trading and site navigation is done and PrimeXBT makes both actions a breeze for users to pursue as their nearly-composed menus and charts allow even first-time users to quickly adapt to the site which makes it great for those of all experience.
PrimeXBT makes platform navigation as easy profits earned by experienced traders and a quick visit to the site will demonstrate their commitment to ease-of-use with Products and Markets as well as Trading Tools and their Referral Program being easy to access from the main menu atop their website.
Some platforms are known for excellent service and trading tools though overlook the importance users give to the ease of conducting trades and orders and this is one reason PrimeXBT has grown so quickly in their nearly four years of operations as their interface is just as impressive as their offered features.
PrimeXBT is known for having one of the easiest buying processes as users can create an account and begin to trade within a matter of minutes and with many supported funding sources and high-market liquidity is great for users prioritizing convenience and the ability to quickly liquidate holdings for fiat.
Powerful Trading Engine
Powerful is the term used by most PrimeXBT users to describe the platform and there is arguably no better term to characterize this site that since launching in 2018 has grown to amass a trader base that now conducts thousands of trades per second on the site that sees billions of dollars per day in orders.
PrimeXBT is a powerful trading engine in terms of the features and tools they offer but also in regards to having strong market stability and high market liquidity and with twelve liquidity partners is the greatest trading platform of all for prospective traders wanting a platform offering the best entry and exit points.
This platform offers a powerful referral program suited for those wanting to earn from crypto without having to risk funds of their own which adds to the overall suite of benefits to be had from PrimeXBT, in addition to this, their array of trading products allows profits to be had with minimal capital investment.
Launching in 2018 to revolutionize the trading features available to users they now support what is likely the highest-leverage trading products of any other exchange which enables their customers to build a diversified portfolio that can produce greater profits and returns for lower investment amounts.
PrimeXBT’s 4-Tier Referral Program
There is perhaps no greater benefit a crypto-trading platform could offer users than the ability to earn more and this precisely is one reason PrimeXBT has experienced such explosive growth since inception nearly four years ago as their four-tier referral program gives users the tools they need to steadily earn.
Referral programs let users advertise a platform in return for payment or commission that is earned upon achieving milestones/achievements and while most only compensate users for direct leads the one offered by this platform is unique in that their affiliates can earn from indirect referrals as well.
Structured as a four-tier referral program the opportunity to earn as a platform affiliate has never been greater with the top-three affiliates of 2020 accounting for over a million dollars in commissions alone and the multi-tier concept lets referral-program members create multiple revenue streams at once.
Joining the PrimeXBT referral program means you will earn commission for each person you send to the platform and for each person your referral sends to the site which over time can amass impressive gains as the more people you refer, the greater the chance of them referring more people becomes over time.
PrimeXBT’s Covesting Module
Covesting is a licensed distributed ledger giving users access to thousands of trading strategies from other investors and traders in the market and since launching in 2017 has partnered with PrimeXBT to result in a platform that now gives newcomer traders the ability to trade with ease and solid insight.
Launching five years ago as the first form of legitimized copy-trading in the crypto market, Covesting is now an integral part of PrimeXBT which now allows traders and investors to seamlessly come together to increase the stature of influential traders and the profits of those wanting to mimic their success.
Covesting officially partnered with PrimeXBT in late 2019 which is when the partnership was formed and publicly announced which marked a new era of copy-trading as it resulted in a module where PrimeXBT users could quickly access and leverage the trading strategies of profound investors through covesting.
This partnership sent shockwaves through crypto communities as it marked the onset of a new way for PrimeXBT users to trade and profit which has been possible since the PrimeXBT Covesting Module was released in April 2020 which saw a range of new tools and features that improves investment outcomes.
Which Assets Can Be Traded on PrimeXBT?
Cryptocurrencies
PrimeXBT gives users access to the global cryptocurrency market with unique and customizable charting software enabling traders to devise and leverage a range of tailor-made strategies suited best for their investment goals and with the ability to margin-trade assets is a great site to produce even larger gains.
Cryptocurrencies are traded within fast-paced markets that due to being decentralized can be traded at any hour of the day as trading hours never rest and given their speculative values should be exchanged on platforms, such as PrimeXBT, that offer useful trading tools and features to make speculating easier.
This platform has over twenty currency pairs and multiple crypto assets, as well as commodities and indices, that can be traded using leverage and as a Bitcoin-dominant marketplace with multi-billion-dollar daily volumes implements the most secure of all trading environments for users to trade within.
One reason PrimeXBT is the best crypto exchange in 2021 is due to their support for leveraged trading of not just cryptocurrencies but many other asset types which is great for profit-focused investors but ones wanting to mitigate risk through portfolio diversification and is a platform that lets users do so securely.
Stock Indices
Indices are the price measurement or performance of grouped assets that are monitored in order to give traders and investors insight into how well a class of assets is performing overall with the S&P 500 and Dow Jones Industrial Average being among the two most popular indexes followed by investors.
PrimeXBT offers a range of indices to trade including ASX 200 and NIKKEI 225, as well as the NASDAQ 100 and S&P 500, and this selection of stock indices provides an easy way for users to engage in the market and when strategically leveraged using their tools can reap large gains from small sums.
Stock indices converge the movements of many assets or companies into a single metric that let current or prospective traders speculate with greater certainty and signifies the overall health of a given market and when actively monitored and leveraged can produce profits greater than spot-traded assets.
Index valuations can significantly fluctuate due to a range of factors and fundamentals that influence the daily prices of indexed assets and PrimeXBT sets the standard for how trades should be as no matter the direction markets head, their users can create profits, consistently too, in both falling and rising markets.
Forex Pairs
Cryptocurrencies and stock indices are among the most popular of traded assets and financial products on the platform though the forex pairs offered by PrimeXBT are among the most-used of their offerings as they are backed by high market liquidity and afford users the opportunity to earn noteworthy gains.
PrimeXBT offers a suite of supported coins and trading products though the ability to profit from foreign exchange markets is one of their most useful offerings as it lets users trade the most recognizable fiat currencies from countries that include the United States and Canada and even Australia and the UK too.
Those wanting to trade United States Dollars or Euros, as well as Pounds and Yen, can do so at PrimeXBT as they support each of these markets and currencies on an award-winning platform that not only lets such currencies but at minimal fees and slippage and industry-leading security as well.
PrimeXBT supports the most highly traded forex currencies in the world which is great news for users as foreign exchange markets have higher liquidity than any other in existence as it supports the trading of national currencies of many economies which makes it a prime and profitable opportunity for investors.
Commodities
PrimeXBT is one of the leading crypto-trading platforms and the largest of all multi-asset margin trading sites around as users with a single account have the ability to trade in over fifty markets ranging from forex and cryptocurrencies to commodity-based assets such as Natural Gas and Crude Oil or gold/silver.
Investing in the global commodities marketplace could not be easier when using PrimeXBT as users can trade a range of assets in the most trusted and established markets with ease which not only eliminates the need to physically store and manage them but the high costs associated with hands-on investors.
Commodity CFD trades are useful and profitable when strategically leveraged and given their values are influenced by real-world events are great for investors arriving to the scene from conventional markets and the customizable charting software provided by PrimeXBT makes profiting from them much easier.
Traders and investors come in many forms with all having unique perspectives and investable sums but no matter the type a user is, PrimeXBT exceeds needs with professional tools and technical indicators, which including the ability to long or short commodities, to enable all the chance to produce profits.
What are the Benefits of Using PrimeXBT?
Lowest Fees of Any Major Crypto Platform
Trading platforms supporting cryptocurrencies to be bought and sold have greatly evolved over time ever since the first of its kind was released over ten years ago upon the release of Bitcoin in 2009 and today more crypto-trading platforms exist than ever before with each having unique features and fees.
Among the most important of platform aspects prospective investors should consider are the fees in which they will be charged for opening and closing positions as the ability to profit not only lie in their ability to speculate with accuracy but in the ability to trade at costs not absorbing all of their profits.
PrimeXBT is home to a suite of trading tools and features with the most notable being their support for margin trading with what may be the highest-leveraged amounts of any other exchange though this is even greater news than usual as the ability to earn more at lower fees results in higher profit retention.
Trades take place on PrimeXBT for as low as 0.05% meaning a thousand dollar position can be closed for around five dollars which allows users to retain greater margins of recognized gains and reducing costs is essential to any investment strategy as the lower fees become, the more gains investors keep in pocket.
Industry-Leading Margin Trading Tools
Margin trading is one of the most alluring aspects of PrimeXBT as this allows users to invest a small and fractional sum of money, referred to as the margin, which the exchange holds as collateral and in return gives the investor an amplified position size from which they can produce much greater sums of profit.
Margin trading is the practice of profitably leveraging borrowed funds to increase the size of positions in order to increase the potential returns of available liquidity and can be a profitable tactic for either new or experienced investors with strong speculative abilities as accurate wagers earn higher gains.
Considering a thousand dollars in a spot-traded order only produces gains of a position in that amount the potential to exemplify earnings is limited to the amount injected in the order but that same dollar amount in a 100x leverage could open a position worth $100,000 and produce gains of that amount too.
Aside from the high-leverage amounts supported by the platform their support for covesting allures new and experienced users alike as these margin trades can be executed based on the trades made by more experienced traders which means even those lacking experience can produce exceptional profits.
Wide Range of Assets Means Wide Range of Opportunities
Diversity is undoubtedly fundamental to profitability no matter the asset being traded and the range of assets and stock indices made available by PrimeXBT paves the path to trading success for the millions in their marketplace that rely on their trading tools and features to turn any market condition into profits.
Greater selections of tradable assets can be correlated to improved opportunities as the more limited an investor is in terms of the number of assets they can trade the lower profit-probabilities are as assets in this market tend to be volatile and more assets allow losses to be potentially off-set by those that gain.
PrimeXBT is known to users and crypto communities across the net as the largest multi-asset exchange in the world but since launching in 2018 also become known as the most trusted site to margin trade the vast range of assets they support which is done with minimal slippage given their high market liquidity.
Risk mitigation is vital to profits/growth and access to many assets allows risks associated to trading to deduce as it permits traders to spread liquidity across many assets instead of putting all funds into a single asset that assumes all risk, and PrimeXBT offers a huge selection of assets for its users to trade.
High Liquidity and Low Slippage
Praised for their stellar security and customer support, as well as their trading tools and interface, this exchange is also beloved by their user base of millions for their high market liquidity which allows users to trade with minimal slippage while enabling them to open or close orders at the best possible rates.
High market liquidity across trading pairs is essential to any trading platform as those with low market liquidity can lead to users experiencing price slippages that result in closed orders not executing at rates desired by the trader though, given their twelve liquidity partners, this is never an issue with PrimeXBT.
Slippage is the term used to describe the change in price of an asset between the time orders are made and opened or opened and closed and the greater market liquidity becomes the less likely slippage is to occur and with billions in monthly trading volumes, PrimeXBT is able to prevent slippage for their users.
Supported assets and products are often the aspects considered by those in search of a platform to trade on though high market liquidity is one of the most important metrics to consider as minimal fund reserves can cause market orders to execute at unintended prices and this is what PrimeXBT prevents.
What is the Recent PrimeXBT 2.0 Upgrade?
3 New Base Trading Currencies Added
Forefront of PrimeXBT efforts is their aim to evolve and improve the platform from the interface users interact with to the tools and features they use to trade and part of this ambition includes PrimeXBT 2.0 which not only includes a facelift to their design but an expansion to their supported currencies as well.
Further improving product offering to meet the needs of users is the release of Prime XBT 2.0 which not only overhauls the platforms in terms of functionality in performance but supported currencies too and this release saw the addition of currencies that include Ether and USD Tether as well as even Bitcoin too.
PrimeXBT 2.0 was designed to streamline the trading experience of users and with support for three of the most demanded currencies is now useful to an even larger segment of traders in the market needing the ability to use other digital assets as a means to trade and now PrimeXBT makes that possible for all.
This exchange has diligently served users as a multi-asset trading platform for nearly five years and with a stellar reputation came their commitment to continual innovation to meet investor demand, and 2.0 not only added new currencies but improved their margin trading platform and covesting module too.
User Interface Redesign
Operating as an advanced multi-asset trading platform they are geared for seasoned investors though newly-added and supported currencies coupled with a revamped design that makes using the site easier than ever before is an easy-to-navigate site for even newcomer traders with no investing experience.
PrimeXBT 2.0 is as anticipated as Ethereum 2.0 (expected this year) as the new currencies and interface make trades easier to manage and site navigation simpler to conduct and its new architecture not only enables the platform to more easily add new currencies in the future but design enhancements as well.
This new version of PrimeXBT is the largest of platform overhauls to take place since its inception nearly five years ago and according to a company spokesperson, included upgrades to not only the user-end of the site but its back-end technology too which grounds the brand as one of the safest platforms around.
Visiting the PrimeXBT platform for the first time is an enthralling experience as captivating graphics and simplified menu layouts make interacting with the site enjoyable and easier than any other and given their perpetual efforts to improve user experiences will likely improve even more as time goes on.
Revamp of Backend and Frontend
Positioned as the largest multi-asset margin trading platform with a daily trading volume of up to 7 billion dollars this exchange has certainly come a long way since its inception nearly five years ago and given the tremendous volumes they process recently fortified their back-end security infrastructure.
Adding to the enhancements made behind the scenes came the onset of new changes to the front-end experience as well with revamped menus and navigation, as well as offered currencies and security, to further build on their reputation as the largest and most trusted multi-asset margin site in the world.
PrimeXBT is a crypto-trading platform enabling users to margin trade orders and offers access to real-time market data and trading-analysis tools while sustaining liquidity and security and this is now more efficiently offered given the new backend and frontend improvements included in the 2.0 release.
Security and convenience are the two centric aims of the platform and its founders and this shows with PrimeXBT 2.0 as the underlying technology and infrastructure was enhanced to better the security and speed of the site and its transaction but the experience of the millions that use the platform as well.
Conclusion
Those actively following developments in the crypto space will know the many profitable opportunities that await and the range of paths to profitability that can be pursued, from covesting to forex trading, to cryptocurrencies and margin-made orders, there are many ways PrimeXBT allows its users to earn gains.
Diversification is imperative to any successful trading strategy and the ability to mitigate loss or risk is as important now as ever given the volatility of modern-day markets and given the range of tradable assets and tools on PrimeXBT, they are great for those wanting to reduce risk while improving their outcomes.
Learn more about PrimeXBT, the tools and services available on the platform, and how to use PrimeXBT in order to achieve improved outcomes in the market by checking out this link.
