PrimeXBT has had an extremely successful year thus far in 2020. After making its debut in 2018, the cryptocurrency trading platform quickly expanded its list of available trading instruments to include over 50 of the world’s most traded assets across gold, oil, gas, stock indices, forex, crypto and more.
Because traditional markets are heating up due to the recession, and Bitcoin’s halving is driving new interest to the cryptocurrency space, there is no platform more exciting and appealing right now than PrimeXBT.
Let’s take a look at the ADVFN-award winning Bitcoin-based margin trading platform and find out if it is worth signing up and trading on the platform.
PrimeXBT Benefits and Primary Features
PrimeXBT is an award-winning multi-asset margin trading platform, and it offers long and short positions and up to 1000x leverage on forex, commodities, stock indices, and cryptocurrencies.
Over 50+ assets are offered, including all of the world’s most traded currency pairs, stock indices like the Dow and NASDAQ, and commodities like oil, gas and gold.
The variety provides more opportunities to profit than most other competitors and offers unrivaled portfolio diversification. Each of the individual markets recently have set records for their rallies and crashes, making trading them particularly lucrative.
While the platform’s lack of a KYC process, quick registration, advanced trading tools and more have long been the main appeal, the growing list of assets is now the platform’s best feature.
The platform begins with speedy registration that involves only a few simple steps and no personal information at any point. Simply confirm an email address, select a country, and then you’re ready to make an introductory deposit.
Minimum deposits are only 0.001 BTC, made to a BTC wallet. Alternate deposit methods are available through a third-party service named Changelly on the platform’s deposit page; it can be used to deposit using fiat or other cryptocurrencies.
Customer support is available 24/7 via live chat and a comprehensive help center is filled to the brim with tips and tutorials on how to utilize the platform and get the most out of your trading experience.
A four-level referral program and CPA offers are available for traders to bring in additional streams of income. Top earners on the platform have grown their networks enough to generate over 51 BTC in earnings.
The company blog keeps traders current on new developments, new features on the platform, and new instruments being added.
Here is a recap of these most important aspects of the platform:
- The largest list of over 50+ assets available at up to 1000x leverage.
- 60-second registration with no KYC
- Low minimum deposits and minimum position size requirements
- Additional revenue streams, such as a referral program and CPA offers
- 24/7 live customer service, 2asy withdrawals, with address whitelisting and bank-grade security
Prime XBT Trading Tools and Software
PrimeXBT offers up to 1000x leverage on cryptocurrencies such as Bitcoin, Ethereum, and Ripple; CFDs for major stock indices like the S&P 500, ASX 200, or the DAX 30; the world’s most popular forex currency trading pairs; commodities natural gas, Brent and WTI Crude oil, and precious metals gold and silver.
With leverage, only a small amount of capital is ever truly put at risk but its power is multiplied by an impressive factor of 1000x for substantial profit potential.
The platform offers built-in charting utilities with technical analysis indicators and the ability to chart patterns, plot trend lines, and so much more. Positions can be taken by directly clicking on the chart itself and placing an order.
Take profit orders ensure the greatest level of profitability while stop loss orders protect your precious capital from sudden ruin.
The trading engine itself is fast, placing orders with lightning speed and offering as much as 99.9% uptime.
They also recently brought out two new innovative features: Covesting Fund Management Module beta and PrimeXBT Turbo.
PrimeXBT Turbo is a specialized utility for UP and DOWN, short-duration Bitcoin-settled contracts consisting of 30 second, one minute, or five-minute durations. Profits can amount up to 90% in just 30 seconds, making this tool incredibly powerful albeit a tad bit risky, so it is advised to try the free demo account first.
The Covesting Fund Management Module, currently in beta, connects investors with aspiring fund managers and top traders and lets them increase revenue alongside one another. Investors can invest in a fund created by top traders and make money while they sit back and relax. Top traders earn from the added capital and any fees that capital generates.
Investments are currently disabled until the full launch, and we will provide an update when the feature is fully rolled out.
To recap, here are the platform’s most important trading terminal features:
- 1000x leverage on forex, gold, and silver; 100x on crypto, stock indices, commodities
- Long and short positions to profit whichever way the market turns
- Built-in charting software that is clickable for orders, with indicators
- Advanced order types such as stop loss and take profit orders
- Bank grade security and reliable trading engine
- Innovative tools that add to overall value proposition
Is PrimeXBT Safe and Worth it?
PrimeXBT has the greatest variety of trading assets all in one comprehensive, safe to use platform. Its advanced trading tools cater to the professionals, while the simple, easy user interface is perfect for novices just getting started in the world of trading.
With more ways to earn revenue than simply trading, PrimeXBT is among the fastest ways to become profitable.
And with up to 1000x leverage across long and short positions on commodities, cryptocurrencies, forex, and stock indices, there’s a lot of money to be earned at nearly every turn.
Register for PrimeXBT today – it usually takes less than a minute and offers free demo accounts.