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PrimeXBT Streamlines Crypto Futures Trading for Beginners and Professionals: Review
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As the crypto trading segment becomes increasingly mature, veteran trading heavyweights remain a wise bet for professionals and newcomers alike.
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Launched in 2018, the PrimeXBT service represents a classic example of a feature-rich, battle-tested crypto futures trading platform with advanced tools and unrivaled security design.
PrimeXBT Opens New Trading Opportunities for Over 1 Million Users: Highlights
Within a single interface, PrimeXBT The platform offers cutting-edge instruments for crypto-based CFDs, forex, stocks, indices and commodities, as well as portfolio management, strategic investments and copy trading.
- PrimeXBT is a multi-product trading ecosystem for trading crypto futures and various contracts for difference (CFDs).
- PrimeXBT has listed hundreds of trading pairs in Crypto Futures, Forex, Commodities, Indexes and Crypto CFDs section to enable its clients to trade Gold, Bitcoin, S&P 500 and USD/ EUR without leaving the application.
- For seamless cryptocurrency to fiat conversion, PrimeXBT has implemented a “Buy Crypto” module with support for bank transfers, Visa and Mastercard payments.
- PrimeXBT has added a beginner-friendly copy trading dashboard: it allows newcomers to mitigate risks and better understand the crypto markets by following the strategies of master traders.
- The platform also released a convenient price chart module and a unique economic calendar feature for transparent and data-driven portfolio management.
- 24/7 support and customer success services are available to every PrimeXBT merchant in multiple languages.
As a result, PrimeXBT should be considered a modern one-stop trading machine that can be a great fit for clients with varied backgrounds, portfolio types, investment strategies, etc.
What are CFDs?
In economics, contracts for difference (abbreviated CFDs) represent a class of financial derivatives that allow traders to speculate on the price movements of an asset without owning the asset itself. The trader (user) and the broker (platform) agree to exchange the difference in price of the asset from the opening until the closing of the contract.
As of 2024, there are a plethora of CFDs backed by various assets, including stocks, commodities, financial indices and, of course, cryptocurrencies. They offer the opportunity to profit from both market rises and falls, but also carry the risk of significant losses.
Why is CFD trading popular?
CFD trading has gained popularity due to its simple design and large potential gains. First of all, you don’t need to own the asset – whether it’s Bitcoin or Gold – to physically benefit from their price movements in either direction.
In the case of cryptocurrencies, you don’t even need to create an on-chain wallet to capitalize on the enormous volatility of Bitcoin (BTC) and altcoins. Additionally, the majority of crypto CFD and futures trading platforms allow their clients to trade with leverage to maximize potential benefits.
How to choose the best crypto and forex CFD broker?
When it comes to trading cryptocurrency futures and CFDs, choosing a suitable broker is of paramount importance for every trader. Here’s what to consider when choosing a crypto trading platform in 2024.
- Reputation: Merchants should always check the history of a particular service to find out if it has been hacked, “hijacked by drugs”, if it has been the subject of an investigation by law enforcement, etc.
- Beginner-friendly: As all types of futures and CFD trading are high-risk activities, a legitimate broker should have an easy-to-understand interface to protect new traders from losing money by mistake.
- Legal status and limits: Legitimate brokers should always inform potential clients of their business address, head office location, legal form, restricted territories, etc.
The combination of these factors can help traders avoid losing money when working with CFDs and futures on currency, crypto, commodities and index trading pairs.
Introducing PrimeXBT, a premium one-stop crypto CFD trading machine
PrimeXBT, a holistic crypto futures and CFD trading platform, presents an enhanced stack of investment and portfolio management instruments for beginners and professionals. With PrimeXBTThere is no need to switch between forex and crypto trading apps as all instruments are available in a single interface.
For the U.Today audience, PrimeXBT announced a very special promotional campaign: registrationour readers can claim a 20% bonus on their deposit ($7,000 max).
PrimeXBT: the basics
Launched in 2018 in the middle of a harsh crypto winter, PrimeXBT is a unique trading platform for futures and CFDs on cryptocurrencies (Bitcoin and altcoins), commodities, stocks, indices and pairs currencies (FX, forex). Simply put, it unifies all traditional business opportunities into a single interface.
As the platform is focused on trading CFDs and futures, the process remains quite simple: the user simply creates their account, deposits money via a preferred payment method and starts trading. There is no need to create separate accounts for FX, crypto and Gold: all opportunities are at users’ fingertips from the very beginning of their interaction with PrimeXBT.
In over six years of operation, the platform has never been compromised or hacked. The team always emphasizes that this is the result of rigorous security controls and industry-leading safety standards:
When you invest your money and trade with us, you do so with the confidence that comes from working with a well-established, award-winning brand.
In total, the platform offers more than 100 trading pairs in different segments. PrimeXBT has released 14 versions of its interface in different languages: from English to Bahasa, from Russian to Vietnamese. As a result, it has gained impressive popularity in the global cryptocurrency trading scene: PrimeXBT has been chosen by more than a million users around the world.
PrimeXBT: Crypto Futures and CFD Trading Options
PrimeXBT services are available in both the web interface and mobile applications for Android and iOS devices.
PrimeXBT’s cryptocurrency futures trading dashboard is among the most convenient and easy to navigate segments. It offers a very low fee policy: all Bitcoin (BTC) and altcoin futures pairs are available with a maker fee of 0.01% and a taker fee of 0.02%. Funding rates are adjusted every eight hours to provide the best possible opportunities for each trader.
In the cryptocurrency futures trading section, 31 assets are available: early blockchain assets Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE), large-cap altcoin giants Solana (SOL), Cardano (ADA), Chainlink (LINK), GameFi tokens The Sandbox (SAND) and Axie Infinity (AXS), etc.
For experienced traders, PrimeXBT offers an unparalleled crypto futures experience with adjustable leverage, a proprietary order book, isolated margin, and seamless TradingView chart integration. By working with the best market makers, PrimeXBT offers the highest possible liquidity for minimal slippage. The service has implemented a negligible minimum deposit of $1 to prevent the platform from being spammed with zero deposit fees. Withdrawal fees start from $0.5.
Additionally, all demo options, including opening an account and a demo session in a risk-free environment, are available for free.
PrimeXBT: copy of trading and investment modules
To streamline cryptocurrency trading for newcomers, PrimeXBT introduces a copy trading module. Copy trading is a system that allows new traders to subscribe to a verified master trader with a proven trading history. Once the trader subscribes to such a service, he can start following the master’s strategy in an automated manner.
For cryptocurrency trading experts, PrimeXBT offers the opportunity to share their strategies to earn up to 20% on subscribers’ profits. In order to get started with copy trading, PrimeXBT clients simply need to open a free PrimeXBT account, browse all expert traders and compare their styles, performance, deposit size and follow-up rate in order to choose the most undisputed performer and automatically copy their transactions. . Experienced master traders on PrimeXBT boast dozens of followers and six-figure deposits. In addition to the MT5 terminal, the service also offers its proprietary PrimeXBT WebTrader dashboard and App.
For experienced traders, PrimeXBT distributes an investment calendar. It automatically tracks the most important events in the financial world (CPI rate adjustments, unemployment rate announcements, etc.) to make clients’ trading strategies more data-driven.
PrimeXBT: Buy Crypto Module and Additional Benefits for Traders
To make the process of purchasing cryptocurrency simpler and more transparent than ever, PrimeXBT has implemented a secure “Buy Crypto” crypto-to-fiat conversion option. With “Buy Crypto”, every PrimeXBT account owner can easily buy Bitcoin (BTC), Ethereum (ETH) and the rest of the major altcoins seamlessly by bank transfer or card payment through MasterCard, Visa, etc. systems. Made without order books or other sophisticated elements, PrimeXBT’s “Buy Crypto” module is a perfect entry-level crypto buying opportunity.
Finally, in order to make the trading experience even smoother, PrimeXBT has introduced a price charts dashboard. With PrimeXBT’s price charting tools, users do not need to access third-party applications to check the price movement of their assets of interest.
For every user, regardless of account status, deposit size or trading history, PrimeXBT offers 24/7 online support that speaks all languages supported on the platform. The service collects user feedback in every possible way.
Conclusion: what is special about PrimeXBT in 2024?
Originally introduced in 2018, PrimeXBT is a versatile one-stop trading platform for cryptocurrency futures and CFDs, indices, commodities, stocks and FOREX trading pairs. It guarantees a secure and beginner-friendly trading experience to over 1 million customers worldwide on over 100 asset pairs.
PrimeXBT has implemented a native “Buy Crypto” module with fiat support, a convenient copy trading dashboard, crypto price charts, a unique investor calendar and much more.