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Crypto exchange PrimeXBT: 5 reasons to start trading

14/08/2020 13:45
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1. Easy start and complete anonymity

PrimeXBT exchange does not ask for user details and does not require account verification. You just go to the site, click on the "Register" button, enter your email and password, confirm your email and start working. The only caveat: during registration, you will be asked to indicate the country of residence in a separate window. This is necessary so that the company does not have problems with those countries that block access to the crypto market for citizens at the legislative level. This does not apply to most of the CIS countries and the world.

After confirming your account, you can get a welcome bonus, for which it is enough to add money to the deposit within six hours.

Next, we recommend going to the profile settings and choosing any method of your account protection - this is in case one of the scammers wants to track you down and hack you. Everything is simple there and is done in a few steps.


PrimeXBT: The main trading platform with a simple and user-friendly interface. You can download a mobile version for iOS and Android on the website to work via a smartphone.

When the account is protected, be sure to replenish your deposit. The minimum amount is 0.001 BTC. Transfer is possible only in cryptocurrency, so you may need a suitable exchanger and a reliable crypto wallet for doing this.


Follow the activity of the PrimeXBT exchange in social networks and instant messengers. If you see the message "primexbt promo code" - add it to the appropriate section of your personal account and get a discount on commissions or bonus funds on

2. Enhanced security

The site has a multi-level security system that is responsible for two things: transfers most of the capital to cold wallets and protects the funds that remain in hot wallets and needs to conduct daily operations on the site. That is, if the PrimeXBT exchange becomes a victim of a successful hacker attack, the attackers will get no more than 5% of the capital. The rest of the funds will not be affected, so none of the users will be left without a deposit and will be able to take profit without any problems.

3. Variety of tools

The website has three assets available: cryptocurrencies, CFD contracts on popular stocks and currency pairs. The main focus is on trading assets that are paired with Bitcoin, Ether,Ripple, Litecoin and USD.

You can work with leverage and increase it up to 100x when working with cryptocurrencies and up to 1000x when choosing major currency pairs. If the transaction is with a cryptocurrency, then the commission is 0.05%, while fiat fee makes - 0.01%.


Characteristics of trading instruments of the Prime XBT crypto exchange.

You can enter a position using a market, limit or flexible trade order:

  • A market order opens a trade immediately at the current price.
  • Limit orders allow you to pre-select the level from which the entry will be made - they do not always work, but they allow you to enter a deal at the best prices, if opened,
  • Flexible orders (OCO) is a set of conditions under which the opening of one trade order will close another and vice versa. This is used in scalping strategies when it is important to execute many transactions in a row quickly and continuously.

Also, the platform has standard protective stop loss and take profit orders, which automatically limit the risk and take profit when the price reaches the levels you specified.


In Prime XBT, trading orders have been added that are suitable for all technical analysis strategies.

There are a huge number of indicators and tools for graphical chart markup.

And a flexible interface that lets you customize your workspace as you please.

PrimeXBT Turbo trading platform for working with binary options.

4. Turbo platform

You can enter the "Turbo" section through the PrimeXBT platform. This is an additional trading platform, the interface of which is adapted to work with classic binary options. You choose an available pair, determine the size of the trade and its duration. After that, you make a forecast for an increase or decrease in the price. In case of transaction time completion, the price moves in the right direction by at least one point, you can earn 65-85% profit. It means that you can deposit $ 100 and withdraw $ 185 in a few minutes. Demo account options is available.

5. Covesting module

At the time of the review, the PrimeXBT exchange announced the release of the Covesting module. This is an analogue of PAMM accounts for the cryptocurrency market. Experienced traders will be able to register their own funds and accept other users' money for management with the help of this service. This is a great opportunity to earn extra money for experienced traders, and it is one of the ways to profit from the financial markets without wasting time studying them for beginners. You just need to study the rating of managing traders and entrust them with money for a commission.

Conclusion

We consider PrimeXBT to be a promising platform, which, after finishing minor interface flaws, will become an excellent place to make money:

You can trade and implement your trading strategies in cryptocurrencies, CFDs and regular currency pairs.

If you need to  boost  your deposit quickly, you always have a turbo platform for working with binary options at your fingertips.

If you do not want to take risks and need a stable additional income you will soon be able to organize a personal investment fund through the Covesting service.

If you want to make a profit, but you have no experience, it is enough to compare the portfolios of experienced traders and choose those who, in your opinion, give the highest quality result with a minimum of risk. As soon as Covesting opens, the selected traders will become your managers and they will generate you constant income for a small fee. Sounds comfortable.

If you have tried everything and want even more profit, a multi-level referral program is available to you. All you need to do is to pick up the ready link from your personal account. Just tell others about the PrimeXBT exchange and get a commission on their turnover.

If you are a beginner, we recommend you to browse primexbt.com and pay attention to the "Blog" section. This is a basic educational minimum that you can easily master in one evening. These materials collect knowledge helping you to create your own trading strategy and learn about common mistakes of capital loss. If you are an experienced user, read the article on the Covesting service and move on to building a portfolio. It might be of great use soon.

You can check  other trading options in  our selection of the best cypto exchanges.

We also recommend checking interesting and profitable update autotrading. Join Telegram channel and Twitter devoted to copytrading at Bingbon exchange. Here you will find all answers to the questions you are interested at and the channel author shows at his example and test deposit the amount which you can earn.

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