PrimeXBT — Revolution In Cryptocurrency Trading
Despite all its media hype and prospects, the cryptocurrency market is still very young and immature, creating several difficulties for exchanges and traders. On the contrary, this also comes with lots of opportunities to make good money trading.
More exchanges are continually springing up by the day, considering the lack of regulations in the industry. The presence of these many exchanges has stifled the liquidity across many of these exchanges. Also, margin trading, among other trading technique, is highly dependent on high liquidity.
This has dramatically limited the opportunity and earning potentials of traders in a margin trade. It is also why only very few exchanges, like PrimeXBT, support margin trades. Even among these few the available leverages are mostly within 1:3 and 1:5.
Also, most KYC procedures, which have to be carried out before trading, are often very long, sometimes lasting over a week or more. What is more, these KYC procedures are contrary to one core ideology of cryptocurrencies, which is transactional anonymity/privacy.
Also, there are long waiting customer support queries, choked with problems involving replenishment and withdrawal of funds, weak protection against DDOS attacks, and large spreads and liquidity problems. There is also the issue of too slow exchange reactions to the trader’s commands, incorrect display of quotations, among others.
While the industry was enjoying its 2017 happy hour, no one bothered talking about these annoying problems. Fast forward 2018, the market has calmed, and little regional regulations are coming in by the bits. Folks are now beginning to look at the market’s operations more soberly.
Given this chaos, PrimeXBT has developed a cutting-edge platform to help traders transact in the best conditions in this chaos. The PrimeXBT team has found a way to combine highly evolved standards of the stock and Forex market with effective crypto exchange operations. These operations, have made PrimeXBT what some call a high-breed exchange.
About PrimeXBT Exchange
PrimeXBT is a new cryptocurrency exchange that appeals to both professional traders and beginners. Our unique features provide a convenient UI, which affords you the opportunity to make the highest possible profits. Some of these features are:
A State of the art liquidity aggregator
This works concurrently with 12 exchanges, providing the fastest order execution, at any volume and solves a major crypto trading problem — “low liquidity.”
The highest leverage for crypto margin trades, 1:100
This leverage allows you to do a margin trade with 100x your initial margin. In other words, you can make a deal for 10,000 USD with only a 100 USD. PrimeXBT will provide you with the remaining 9,900 USD at a very fair interest rate.
What is more, you have the right to set any leverage within range 1:1 to 1:100. These leverages are available for long/short orders. So you can earn on the growth of an asset, as well as its fall.
A powerful exchange engine
This provides instant opening and closing of transactions even at peak times. No more losses from lags and freezes. Also, BTC, ETH, XRP, BCH, LTC, and EOS are always available on PrimeXBT. More so, leverages are available for all these currencies.
No KYC procedures
We respect our trader’s privacy and security. So, you will not have to fill out a questionnaire with dozens of questions, while waiting for several days to be verified. The whole registration procedure takes no more than 40 seconds, after which you will have access to all our functionalities.
PrimeXBT is Highly User-friendly
The trading platform is well adapted for novice and professional traders. Also, we have a convenient iOS and Android applications, which allow you to trade fast and ease, wherever you are.
Attractive First Bonus awaits you
For the first customers on our exchange, we have prepared attractive bonuses, which will be announced very soon.
Follows us right now on Twitter, Facebook, and Reddit; as we keep you posted continuously on the latest trading tricks and trends as well as new bonuses plans on PrimeXBT!
