Prime XBT is a trading platform with leverages of up to 100x, to trade crypto derivatives, Forex and commodity markets, offering a series of extremely competitive and promising features and rates.
Being a derivatives exchange, you can essentially choose between two things: go long or go short. That is, with the first we bet that a particular cryptocurrency will go up in price and with the second that it will go down in price.
Registered in Seyschelles, Prime XBT was founded in 2018 and its exchange started operating in early 2019. Currently, the platform provides liquidity, a wide range of trading tools, security and efficiency to traders in more than 150 countries around the world.
The platform offers a rather strong trading system for both novice and professional traders who demand highly reliable market data and performance.
It is a modernized entity, capable of handling even the toughest duress on the market, thanks to the fact that it is based on an infrastructure that can facilitate a large number of orders per second.
In fact, these advanced features allow Prime XBT to aim to enter a market currently dominated by older platforms like BitMEX.
What will we find in Prime XBT?
Prime XBR offers a wealth of options, not seen on many Bitcoin-based exchanges.
Cryptocurrency trading is the platform’s flagship service, with five different assets to choose from and 100x leverage. The Forex market joins this selection, with leverage of up to 1000x.
Add to that incredibly high margins and a list of high-profile indices to trade, including the S&P 500, FTSE 100, and the Japanese market, as well as commodities like gold, natural gas, crude oil, silver, and more.
All within an elegant platform, with a varied selection of fully customizable widgets, so that it is the operator who designs their own commercial space.
Additionally, Covesting integrates directly with the trading platform, allowing users to view and reflect the tactics of other proven traders.
How to open an account in Prime XBT?
Registering an account in Prime XBT is very simple. It is only necessary to enter an email, create a secure password, accept the terms of service and click “Register”.
After this, the user will receive a confirmation email at the address linked to their account. By clicking on the blue “Confirm” button, sent in the email, the account registration will be completed.
In addition, once the registration process is completed, you can start operating without completing any type of AML / KYC procedure.
Payment methods and trade:
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.
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