PrimeXBT: Let’s Explore The Elite Trading Platform | Cryptopolitan

The PrimeXBT trading platform has been highly regarded by the trading community since its inception in the 2018 Crypto Summer. The platform made traders profitable during bear markets, and the flexibility offered allowed similar traders to benefit from subsequent booms.

With another crypto winter upon us, in this PrimeXBT review, we explore the award-winning mobile app from a user perspective and give you the most authentic and in-depth look at the platform yet.

get started

The registration process is simple and takes only a few minutes from start to finish. Users must verify an email address and can optionally choose to verify by going through a KYC process. PrimeXBT recently launched a new account rewards offering crypto bonuses to users for passing KYC and completing other tasks.

Deposits can be made in the form of BTC, ETH, USDT, USDC and COV tokens. For the convenience of users, PrimeXBT has implemented the Ethereum blockchain, Tron blockchain and BNB Smart Chain to allow the deposit of ERC-20, TRC-20 and BEP-20 tokens. This saves users payments in the long run, and ensures deposits at a much faster rate.

Funding account

With Deposit, users can invest in idle cryptocurrencies using a margin trading account, a coving strategy manager or trailing account, coving profit accounts, and more. Keeping crypto wallets and margin accounts separate prevents liquidation or total loss of assets due to a wrong click.

Always carefully evaluate how much cryptocurrency you have stored in each wallet and each account type. Be sure to keep enough margin in the margin account in case the market goes against your position. If the margin is not enough to hold positions, the platform will first notify the user with a margin call before it is flushed.

Used transaction

PrimeXBT’s main course comes in the form of sponsored profit trading positions. Long and short positions offer up to 200x leverage on Bitcoin, Ethereum and trending altcoins. Up to 1000x is possible with traditional assets such as forex currencies, commodities, stock indices and metals.

Leverage allows traders to be profitable during tight trading ranges and increases profitability during trending market areas. Stop loss protection and other risk management tools help you protect against losses while taking advantage of all offers. Take a significantly larger position than capital size generally allows and make the most of every market move.

Portfolio diversification

With long and short positions, traders can hedge positions in crypto, gain full flexibility and control over both market directions, or build a diverse trading portfolio across a variety of uncorrelated and anti-correlated asset classes.

Crypto positions can be hedged with positions in currencies or commodities, or a risk appetite portfolio can take additional positions in stock indices or other altcoins to diversify the portfolio in BTC and ETH. Investors interested in the digital gold narrative can take positions in precious metals such as gold and silver.

Trading copy

The Covesting copy trading module is a peer-to-peer copy trading community with a fully transparent global leaderboard system at the heart of the experience. The leaderboards rank the top traders by ROI and track all relevant performance to give followers an idea of ​​who to follow. Followers can copy the trades of top level traders and profit effortlessly.

Strategy managers make a profit share from the follower’s capital, encouraging these traders to increase their income for themselves and their followers. The higher the Strategy Manager level, the more money you can earn, the easier it is to stay motivated, and it means a more engaged and active community for followers to benefit from.

Product labels

Interest-bearing accounts allow passive investors to earn interest on any crypto assets they hold. By incorporating idle crypto assets from the PrimeXBT account dashboard through various DeFi protocols, crypto holders receive daily payments for cumulative returns directly to their share account.

Product accounts can earn up to 14% API during high market conditions. The easy-to-use app takes the stress out of defying and allows users to access the most flexible interest rates in the industry. APIs can be scaled up to 2x by enabling COV token memberships.

COV token memberships

COV token memberships are an integral part of the Covesting ecosystem experience rooted in the PrimeXBT platform. They come in the form of Advanced, Premium and Elite memberships, and each unlocks a better set of benefits for caving traders from time to time. These memberships can be activated in the MyCOV section, which also includes native Covesting token availability, pricing, and other tokennomic information.

Followers can avoid new entry fees and improve profit margins to their advantage. Strategy managers can take up to 20% off trading fees to put more money back into their pockets from trading profits. And we mentioned how COV token memberships can boost your Covest profit accounts.

PrimeXBT Trading Academy

If you are a trader looking to learn, improve their game or stay on top of the latest market updates, the PrimeXBT Trading Academy is the place to be. Led by expert trader Dirk Hartg, the PrimeXBT Trading Academy is filled with all kinds of videos.

Videos consist of market reports, tutorials on how to use the platform, new marketing strategies and more. Whether you are signed up to PrimeXBT or not, the educational website is available for free and is an incredible resource and value to the general cryptocurrency and trading communities.

Weekly competitions

The PrimeXBT Tournament is another new segment that traders can use and exploit in a variety of ways. The most obvious way is to use risk-free virtual funds to trade in a simulated market environment by entering weekly trading contests for a chance to win a portion of the crypto prize pool.

With no risk, traders can test trading strategies, practice what they learned in the PrimeXBT trading academy, or experiment with new trading indicators. This makes PrimeXBT tournaments a big win even if you don’t compete for prizes.

Mobile application

The PrimeXBT mobile app gives you everything you need to stay on track and trade your trading portfolio on the go. The app is sleek, user-friendly, intuitive and mimics the look and feel of an advanced trading platform. The main difference is that the app is designed to work better with taps and swipes rather than clicks.

Otherwise, the completely free Android and iOS smartphones take the stress out of 24/7 crypto market trading. You don’t need to be glued to the trading desk to see and react to what Bitcoin might do next. Just build a watch list, set specific orders and check when time permits via the mobile app.

Conclusion

We’ve covered a lot of ground with this PrimeXBT, and there’s a lot left uncovered. Also a profitable four-level referral program with daily payments in crypto, the ability to buy cryptocurrencies with a credit card and a crypto exchange tool.

PrimeXBT positions itself as an all-in-one solution, and gets mobile and browser-based experiences right. If the review still doesn’t convince you, check out PrimeXBT and try out the various features yourself.

Disclaimer This is a paid press release. Readers should conduct their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Cryptopolitan.com is not responsible for any damages or losses arising directly or indirectly from the use of or reliance on the content, goods or services mentioned in the press release.

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