How to Trade with PrimeXBT Platform? Trading Guide

As far as the level of customer service or the variety of assets that can be traded go, PrimeXBT distinguishes itself from the competition. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities (metals, gas, and oil), and cryptocurrencies (Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum).

There are more tradable assets available on the PrimeXBT trading platform than on bitmex, snapex or other significant cryptocurrency exchanges, for example.

Requirements for Opening a PrimeXBT Account

To get a trading account on the PrimeXBT trading platform, you just need to follow a quick and simple registration procedure. The only requirements for opening an account with Prime XBT are a functioning email address and setting a strong password.

After registering, you will receive the PrimeXBT trading verification codes. Not even the PrimeXBT Forex trading platform does not request any KYC documentation from new customers.

Is There a PrimeXBT Welcome Bonus?

Currently, PrimeXBT will match your initial PrimeXBT trading deposit with a 5 – 10% investment amount, and max 0.17 BTC~ 5000 USD. There are also some trading fee discount codes being offered.

primeXBT promo code $ 5000

Your PrimeXBT trading platform account equity will be updated with the bonus as “Reward.” Your reward cannot be withdrawn, exchanged, and neither used to pay fees. It only works as margin trading collateral.

Making Your First PrimeXBT Deposit

Next, you must make your first PrimeXBT trading deposit. To do this, just adhere to the comprehensive guidelines listed below. Start with selecting the wallet in which you want to deposit. Take the Bitcoin PrimeXBT trading platform deposit as an example. Choose the Deposit option next to Bitcoin cryptocurrency.

how to deposit your money bitcoin on primexbt

  • Your Personal BTC Deposit Address will be shown in a pop-up window as soon as the deposit button has been clicked. You may transfer your Bitcoins straight to the address created by scanning or copying it.
  • Your deposit will take a few minutes to appear on the PrimeXBT wallet address. To prevent delays or money loss, please make sure you transfer the relevant Coin to a correct wallet address.
  • The identical procedure may be used to deposit USDC, ETH, or USDT. Simply choose the appropriate wallet, click “deposit,” and PrimeXBT will send you instructions on-screen with what you must do next. Use your debit or credit card, regardless of if you are interested in trading cryptocurrency or the PrimeXBT Forex trading option. Associated costs will be shown on the next page.

When you deposit your money to any exchange, you want to know they safe or not, you can see post the security system of PrimeXBT, You will be confident in your decision to use.

PrimeXBT Leverage Trading

On the PrimeXBT trading platform, you can trade cryptocurrencies with a 1:100 leverage, and Forex, commodities, and indices with a 1:1000 leverage.

With the PrimeXBT trading leverage of 1:100, your position is worth 100 times more than the amount in your account. Leverage is a double-edged sword, so it should be used only by the most experienced traders.

primexbt max leverage forex

You may trade Bitcoin on the PrimeXBT market with a 100x leverage. Leverage trading can be best understood when presented as the ability to open any position above your initial margin risked to open that position. If you interesting about leverage and fee, let’s read this post “Leverage trading on Primexbt platform

It’s critical to understand that with margin trading, you are presented both significant opportunities but also risks when using leverage. PrimeXBT Forex trading is also a leveraged trading instrument.

Entering a PrimeXBT Trade

With PrimeXBT, you can quickly create a watchlist and add on it any trading pairs you choose. You may see a chart showing your chosen cryptocurrency pair’s pricing if you click the “Trade” button next to the pair you want to trade.

primexbt trading chart

PrimeXBT trading offers a lot of features, and one of them is providing a fantastic charting interface together with the indicators that help traders with the technical analysis they’re performing. The PrimeXBT trading platform is easily accessible to more than 90 distinct indicator types.

  • The charting interface of PrimeXBT and its many built-in indicators may both be modified to meet your specific trading requirements. On this platform, you might also quickly design or import your own tools, EA, and indicators.
  • Simply hit “market” to place a market order. The leverage is already 100x by default, so next, you should enter the quantity of the trade, and you’re good to go. “Available Margin” displays the available funds in your trading account. The stop-loss is a very crucial component of Bitcoin trading, so keep that in mind.
  • When click “Confirm” at the right corner, bottom of your PrimeXBT trading account, the market order that’s been input gets to be executed. Your profit, as well as levels of stop loss, get to be added to your order book.
  • Conditional orders are going to automatically trigger in case the price reaches those levels. When click Buy or Sell the take profit and stop loss level will change.

how to trading on primexbt

  • Review your order before pressing the “Send Order” button. Verify that the amount is accurate. Make sure the liquidation price makes you feel comfortable. Ensuring the stop loss is going to be reached can be determined by studying the liquidation price. Click confirm after agreeing to the conditions.

And this is how you get a PrimeXBT leveraged open position!

PrimeXBT Interface Terminology

The term “Qty” refers to the number of contracts your position was worth when opened. Each contract has a value of 1 USD. Value will always be the same but expressed in BTC. Keep in mind that this adds up your original margin plus the leverage.

The money that was taken from your PrimeXBT Bitcoin trading account to initiate the position are shown to you as “margin,” whereas the profit together with the loss is displayed as “P&L.”

The PrimeXBT Covesting Product

Covesting is an incredible product that PrimeXBT has launched not too long ago. Users of the PrimeXBT trading platform may utilize Covesting if they want to browse the many trading techniques offered by other experienced traders ranked according to the PrimeXBT trading profitability.

PrimeXBT Covesting

By using Covesting, you may automatically duplicate trading behavior and keep track of it in your own account after you uncover the lucrative techniques that satisfy your requirements or risk tolerance values. By doing so, you may raise your profits and match those of the top traders using the site.

Covesting is effective for both beginning and seasoned cryptocurrency traders. Additionally, it offers you a rare chance to diversify your cryptocurrency portfolio by funding traders that use exceptional trading methods.

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