Shaurya Malwa · 17 hours ago · 2 min read
PrimeXBT: Here’s what you need to know about the popular trading platform
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Over the past year, the crypto industry has watched the meteoric rise of PrimeXBT, a margin trading platform that allows users to trade a variety of different markets using up to 1000x leverage.
PrimeXBT’s ascent to the top of the crypto margin trading game has come about as other competing platforms – like BitMEX and Deribit – find themselves embroiled in significant controversies, which have led to a mass exodus of traders away from these platforms in search of better options.
Naturally, PrimeXBT has been these trader’s first choice as an alternative to the other platforms, as the abundance of trading tools and a rich array of features offered by PrimeXBT are sure to enhance every trader’s experience and profitability.
The immense volatility that is natural within the cryptocurrency markets has lured a significant number of traders to the nascent industry, which in turn has led to the formation of a multitude of trading platforms that allow users to utilize margin to magnify the size of their positions.
For a long while, BitMEX had monopolized the margin trading industry as the choice platform of traders, but the launch of PrimeXBT introduced a new player to the market that has since been significantly reducing BitMEX’s dominance.
There are a plethora of different factors that have played into PrimeXBT’s meteoric success, and understanding these factors is imperative to know why the platform is currently passing all the competition and growing at such an unprecedented rate.
Here are just a few of these factors:
- Industry-Leading Trading Tools – by utilizing the plethora of high-quality trading tools offered by the platform, traders can better execute their strategies and set themselves on the road to success
- Customizable Interface – design your own custom trading dashboard that fits your specific needs and preferences
- Multiple Order Types – utilize multiple order types in order to maximize your efficiency and to ensure that you never miss the perfect trade
- Instant Order Execution – when making trades in volatile markets, every second counts. That’s why traders using PrimeXBT can make instant order executions
- Credit Card Deposits – the first step to trading is depositing funds, and users can easily and quickly do this by using credit card deposits using Changelly
- Private and Secure – unlike competing platforms, traders on PrimeXBT can set up fully anonymous accounts without giving away any private or personal information
- Multiple Ways to Profit – don’t limit your profits to just those gained through trading, by becoming a PrimeXBT affiliate partner, traders can open up multiple fresh income streams
PrimeXBT boasts industry-leading trading tools
Having access to a robust array of trading tools plays an integral role in the effective execution of trading strategies, and traders on BitMEX and other platforms have long had to rely on 3rd party platforms to access these imperative tools.
PrimeXBT, however, has designed its platform in a way that allows it to be a one-stop-shop with all the tools, charts, indicators, and information that traders may need to develop and execute their strategies.
Immediately after entering the platform’s trading portal, traders are met with advanced and fully customizable charts that allow them to view the price action of the variety of assets supported on the platform over multiple time frames and in multiple formats.
On these charts, traders can use an array of drawing tools to begin marking support and resistance levels, trendlines, and moreover, whatever time frames they desire. Additionally, traders can also use the suite of over 50 indicators supported by the platform to further enhance their understanding of both their charts and of the technical strength or weakness of the assets they are looking to trade.
Furthermore, another feature that is incredibly popular amongst traders on PrimeXBT is the ability to make trades directly from the integrated charts, which allows traders to act directly based on their technical analysis.
The platform also allows its clients to place multiple order types – including market, limit, protection orders, and more – which provide much-needed flexibility when it comes to entering and exiting trades.
Further maximizing the efficiency of users, PrimeXBT’s customizable platform layout allows users to craft a custom trading portal that is tailor-made to their personal needs and preferences.
An abundance of other features gives PrimeXBT an edge over rival platforms
The aforementioned tools all surely play an integral role in users’ trading activities, but there are other features that you should be aware of that give the platform a valuable edge over the competition.
Trading volatile markets is no easy task, and the last thing that traders should be concerned about is their personal privacy and the security of their funds.
Maintaining the privacy and security of users is one of PrimeXBT’s primary goals, and as a result, the platform is moving part of their infrastructure to Switzerland. They also allow traders to open fully anonymous accounts without having to surrender any personal information or partake in any KYC proceedings.
Traders can also deposit trading funds using a credit card through Changelly, which ensures that users will never miss an ideal trading opportunity due to lengthy transaction times associated with Bitcoin. This is another key advantage that PrimeXBT has over its competitors.
One other aspect of the rapidly growing platform that has enticed floods of traders to PrimeXBT is its highly lucrative affiliate and CPA programs, which have been met with tremendous success and popularity since launching.
Recently, PrimeXBT revealed that the top three referral partners on the platform earned an astonishing 111 BTC in cumulative earnings in an incredibly short period of time. The success of these referral partners is emblematic of just how profitable affiliate opportunities like the one offered by PrimeXBT can be.
The Bottom Line
When choosing which platform you want to patronize, it is imperative to take a holistic approach, considering all the potential factors that could influence your effectiveness and profitability.
These factors include the platform’s trading tools, affiliate programs, security, and the value placed on the user’s privacy and security.
When taking all of these factors into account, it becomes crystal clear that PrimeXBT is currently the best platform available to traders, and it is likely to stay at the top of the industry as other platforms find themselves entangled in controversy.
For more information, visit PrimeXBT.com