PrimeXBT is an exchange that allows users to invest in various financial markets with just one account. PrimeXBT provides a trading platform for Forex, stock indices, cryptocurrencies and commodities, operating in a way that allows investors to speculate. What is PrimeXBT? In fact PrimeXBT allows investors to bet on market volatility and use Bitcoin as the stake. This is a different direction when it can help investors operate on both traditional financial markets and cryptocurrencies, something that few exchanges can do. Since its launch in 2018, PrimeXBT has been supported by a large number of investors due to its novelty and convenience. PrimeXBT brings together the experience of using Bitcoin for traditional financial transactions by partnering with brokers like Plus 500, Etoro, CMC, Pepperstone and IG markets with cheaper costs and faster speeds. Prime exchange is launched by primexbt trading services, registered and licensed in Seychelles. Currently, PrimeXBT has opened an office in Switzerland that attracts millions of users in 150 countries, generating revenue of more than 375 million USD each with only 30 employees. What stands out and makes PrimeXBT much more competitive is the application of very high rates up to 100x for cryptocurrencies and some commodities or forex up to 1000x. At the same time, PrimeXBT not only creates its own liquidity but also takes advantage of the liquidity of affiliated exchanges. Detailed evaluation of the advantages and disadvantages of PrimeXBT
What are the advantages of PrimeXBT floor? PrimeXBT is a cryptocurrency exchange but it also allows investors to trade forex and CFDs, commodities like energy metals and indices. The advantages of crypto margin trading are similar to any speculative lending. Quite simply put, this type of trading gives you more resources to invest and work with. Investors participating in PrimeXBT can sell assets. This means that when a resource like a commodity in the future drops in price you can earn money. PrimeXBT has an incredible 1:100 leverage for crypto pairs. Certain forex markets can go as high as 1000. This means if you invest $100 for every $1 of capital investment you put in. PrimeXBT also has some of the lowest trading fees on the market. They can go as low as 0.05 per trade. PrimeXBT provides multi-platform including Web, mobile applications, supports both iOS and Android operating systems. The interface is also very easy to use, you can add or remove Widgets at will. A plus point of this exchange is the extremely fast and enthusiastic support team when trading without an order book. Modern sophisticated platform suitable for professional traders as well as novice traders. You may be interested: Overview of primexbt exchange information What are the disadvantages of PrimeXBT floor? First, PrimeXBT will not provide services to customers in the United States, Canada, or countries whose laws interfere with PrimeXBT's services. And this exchange currently does not have a Vietnamese version, causing many difficulties for Vietnamese traders in the process of performing transactions on the floor. In addition, the PrimeXBT platform is also in the process of being upgraded, so it has limited features. This greatly affects the user experience of the application. Also, unlike other exchanges, PrimeXBT does not have a DEMO account offered. This is not perfect for practicing, testing strategies and getting used to the platform in a trading environment. At PrimeXBT you also cannot send money via wire transfer. So you can only send money by credit card. Besides, this exchange currently does not have a compensation policy when users are at risk. Therefore, investors need to be wise when choosing a reliable exchange.
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Bitcoin NewsThe simplest guide to trade coins on Primexbt. I will take ETH as an example, you can buy any coin with high leverage Archives |