Prime XBT offers leveraged trading on its trading platform. This means that operators will be able to receive greater exposure to the increase or decrease of the price of an asset, without having the necessary assets.
To do this, it “takes advantage” of its operation, which in simple terms means that it borrows from the exchange to bet more.
For example, if the trader has $ 10,000 in his trading account and bets $ 100 on BTC long, with 100x leverage. If BTC increases its value 10%, the trader would earn $ 1,000; whereas, without leverage, you would only have earned $ 10. On the other hand, if the value of BTC decreases 10%, you would lose $ 1,000.
Payment and trade methods:
At Prime XBT customer accounts are completely Bitcoin based. This means that deposits, withdrawals and account balances are held in BTC.
Upon deposit, there is a neat API linked to Changelly that allows users to buy Bitcoin or exchange altcoins in BTC for commercial purposes.
Bitcoin, Ethereum, EOS, Litecoin, and XRP are available to trade in pairs of Bitcoin or USD. Currency trading adds the big fiat currencies to the trading list with the Australian Dollar, Euro, British Pound, US Dollar, Canadian Dollar, Swiss Franc and Japanese Yen on offer in multiple pairs.
While you can trade on margin in these markets, fiat currency support is minimal with no deposit / withdraw options. So you must withdraw the earnings in Bitcoin.
Trading rates and fees:
Prime XBT offers a very low flat rate of 0.05% per trade. This is a competitive rate, since most exchanges that offer derivatives transactions charge 0.075% in policyholder fees.
Therefore, this platform reduced a third of the industry average fee for crypto derivatives exchanges.
Another fee to consider is the withdrawal rate. Prime XBT only charges 0.0005 BTC. Consequently, Bitcoin’s withdrawal rate is approximately 40% lower than the global industry average.
Security in Prime XBT:
Prime XBT offers a wide variety of security features, which ensure that your clients’ assets are protected from malicious third parties.
Among them are 2FA authentication (provided by Google Auth), to ensure account security and prevent any unauthorized access to user accounts; mandatory feature of the whitelist of Bitcoin addresses; cold storage of digital assets with Multisignature technology; FIPS PUB 140-2 Level 3 rated or higher hardware security modules; and complete risk verification, after each order of execution and execution.
Added to all this is encrypted SSL (https) to encrypt and protect website traffic; all passwords are encrypted cryptographically, using bcrypt with a cost factor of 12, while all other confidential data is encrypted; Cloudfare, to mitigate possible distributed denial of service attacks (“DDoS”); regular tests and controls by the Prime XBT technical team; as well as ongoing IT security and assessments, which are run to keep up with new potential vulnerabilities.
Do you have a referral program?
Prime XBT offers a referral program, where you are rewarded with a percentage of the trading commission of these new merchants.
In this way, the referred one carries out a 100x leveraged transaction with a deposit of $ 1,000, will pay a commission of 0.05% to that transaction ($ 50). The exchange will return 20% of this commission, which means that you will get $ 10.
If this were to happen on an unleveraged trading platform, the commission would be much lower, and ultimately the operator that got the referred operator would end up with a much smaller retracement than Prime XBT.
The referral program is layered and operates on 4 levels, giving you the opportunity to win with referrals from the first referral.
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