Guide to PrimeXBT
Guide to PrimeXBT
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Guide to PrimeXBT

By Marco Cavicchioli - 27 Jun 2020

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PrimeXBT is a bitcoin margin trading platform offering long and short positions with leverage up to 1,000x, on stock indices, commodities, forex and other cryptocurrencies. 

The platform is all-inclusive, with a user-friendly interface that is easy to use even for novice traders, and powerful enough for professional traders.

It also offers a free App for iOS or Android with the same performance as the desktop version. 

PrimeXBT provides access to over 30 assets, including cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and EOS, forex, commodities like metals, gold, silver, oil, gas, and indices like DOW or DA, all using a single account. 

Registering on the website is quick, and requires only a couple of steps without any personal information: simply confirm your email address and select a country to be ready to make a deposit.

The minimum deposit is 0.001 BTC, which must be made to a Bitcoin wallet generated by the platform, which will also be used to make withdrawals. 

However, there are also alternative deposit methods, offered through a third-party service, for depositing fiat currencies or other cryptocurrencies.

One of the key features of the PrimeXBT platform are the numerous integrated charting tools, thanks to which it is possible to trace patterns, trend lines, and more, with technical analysis indicators and the possibility to open positions by clicking directly on the chart. 

Take profit and stop loss orders are also available, whereas the 100x leverage can be increased up to 1,000x on more than 25 of the world’s leading Forex currency trading pairs. 

Gold and silver are also available with leverage up to 1,000x, while other assets are available as CFDs with leverage up to 100x. 

The platform also continuously adds trading pairs: recently, for example, it added SGD, TRY and RUB among its tradable assets. 

It also often adds new features, such as the PrimeXBT Turbo, and the Beta version of the Covesting Fund Management module.

Specifically, PrimeXBT Turbo is a platform for short-term contracts denominated in BTC, consisting of 30-second, one minute or five-minute intervals that make the tool attractive but highly risky. 

primexbt

The Covesting Fund Management module, on the other hand, connects investors with top traders and aspiring fund managers, allowing users to invest in funds created by the best traders, without actually having to trade them themselves. In turn, traders earn from the added capital and commissions generated by this. 

PrimeXBT also offers 24/7 customer service via live chat and a support centre full of tutorials and tips. 

The website also features a corporate blog where traders are kept up to date on any new platform development. 

Finally, it has a four-level referral program with which traders can generate additional profits, with some of the best perks in the financial industry. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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