How to Create a Primexbt demo account

What is a demo account?

A demo account is a virtual trading account that allows traders to test out their strategies without risking any real money. They allow you to try out different things and get a feel for the platform before you put any actual money into the markets. At the same time, demo accounts are also an excellent way for new traders to get used to the platform and start getting a feel for trading and the market. They provide a risk-free environment, where traders can test out their strategies and learn how the markets work. Without a good demo account, you may find yourself unable to try out new strategies and learn without taking the risk of losing real money and confidence in your ability to trade.

So what do I need to have a Primexbt Demo account

If you are new to the trading world, a demo account is ideal for you to learn trading without risk. A demo account is also called a practice account. As you can get your hands on crypto trading and explore broker’s offerings without putting your money at stake

how to create a primexbt account

PrimeXBT does not have a demo account, however you can achieve the same goal of a demo account through live trading with an easy and hassle-free registration process without KYC verification. All you need is to make a little trial investment about $ 20 a very small amount and start getting real trading experience.

PrimeXBT approach

Therefore there is no option on primeXBT to create a demo account. To fulfill the purpose of a demo account which is to learn trading one can open a live trading account. Through a live trading account, one can practice on a platform itself with a limited amount. As demo accounts are easy to open and don’t require personal information for KYC verification. The same is the case for registering on primeXBT since it is an anonymous exchange. There is no need to submit personal documents and it’s the best option for those who value their online privacy. This not only makes the real account suitable to use as a demo account for learning but also safe from hackers who are looking for easy targets in databases.

PrimeXBT provides a user-friendly interface for its customers in which starting trade is just a three-step process

  1. Register yourself on primeXBT
  2. Deposit your funds
  3. Start your trade

Registration process

Registration is a simple process as follows. You can see the details in the article “How to register on PrimeXBT

  • Go to primeXBT
  • Click “register”
  • Fill out the form by entering your full name, and email, and creating a password
  • Confirm registration by entering 4 digit pin received via email

Funds deposition

This is the second step in which funds are deposited in the wallet for which one has to navigate to the main page. Currently there are two deposit options on primeXBT.

how to deposit your money bitcoin on primexbt

  • Direct crypto deposits
  • Buy crypto through banks, credit cards

Note: only crypto can be used on primeXBT

Starting the trade

This is the third and final step for making your first trade

  • Funds are transferred from the wallet to the trading account
  • Then go to the dashboard and click the fund button
  • Open the trade interface and select the pair one wishes to trade and the order size
  • Final step is: Press the red button for SELL or press the green button for BUY and select the desired parameters

how to trading on primexbt

Features of primeXBT

  • PrimeXBT broker runs a blog for its customers which provides updated information and trading techniques on regular basis for the better education of its customers
  • It provides a minimum deposit of 0.001 BTC to start trade and through this minimum amount and limited practice it can be used as a demo account with real-time experience with a tangible amount
  • No personal information is required
  • It provides fast execution time and round-the-clock trading hours
  • PrimeXBT provides an “all-in-one-shop” experience with a great many products and services with an intuitive and convenient interface with three types

Margin trading platforms: this platform works basically on CFD ( contracts for difference ) in which one can earn through rising and even falling markets both. It allows you to trade crypto indices, commodities, and FX up to 1000x leverage. This will allow you to maximize your profit potential. This all depends on experience and knowledge of the market and to some extent on luck. High leverage provides you to work with minimum risk. It is suitable for active users who can invest their time and energy

Copy trading module(PrimeXBT Covesting): in this module, you can follow the strategy of experienced users and automatically replicate their trade for you. By this, you can generate a passive income if you don’t want to trade personally. Strategy is a pool of trades and personal funds which are visible to the public and can be followed by anyone. Successful traders and their followers both become sources of profit for each other.

Yield accounts: these are the accounts in which one has not to make any effort instead these accounts stake cryptocurrencies in Defi yield-generating applications to earn interest on idle crypto assets

Easy trial investment

  • primeXBT provides advanced tools and services with a simple and convenient interface for beginners as well as experienced customers to start trade. You can start trading with just a little amount of 20-30 USD with real-time experience by just following the above-mentioned options and selecting the suitable module for yourself.
  • Trading through real money will provide you with psychological benefits and excitement from success. You will experience real highs and lows and will take the proper time to get confident. As in the demo account, everyone neglects the fact that trading with real money will not provide the same feeling while losing or winning.

Final thoughts

Demo accounts are provided by most of the trading platforms which are risk-free to test trading strategies. In which you don’t lose money when you made mistake and even don’t get money when you succeed. PrimeXBT primarily focuses on customers putting their energy and effort to learn the trade through their blog, following successful traders, or taking the marginal risk through leverage with minimum investment. It also provides you with free deposits. This provides a real opportunity for its customers to earn actual amounts and learn authentic trade.

 

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