With the volatile market situation, more and more people are looking to cryptos instead of traditional fiat currencies. And choosing the right trading platform is crucial for making profits.
But if you are only starting to understand the crypto market, it’s hard to choose the right one for you.
Today I’m going to talk about the PrimeXBT trading platform that has great offers for both beginners and experienced traders.
After its launch in 2018, PrimeXBT quickly became one of the top-margin trading platforms on the market.
They offer a wide range of assets to trade, such as cryptocurrency, forex, commodities, and stock indices. On top of that, the platform supports margin trading using CFDs.
It also has recently announced 24 new crypto trading pairs for you to try out. So if you are into crypto trading, you can now trade your favorite currencies without moving to any other exchange.
List Of 24 New Trading Pairs Launched
So let me help you know better, let me explain everything about PrimeXBT, and below are newly launched cryptocurrency trading pairs
Recommended Read: Is crypto futures trading profitable?
Top Three Trading Pairs To Trade On PrimeXBT with Margin
Among all the 24 trading pairs, there are three crypto trading pairs that I believe deserve special attention because of what they stand for and their popularity cum usecases.
So you should have a look at the following trading pairs because:
- BNB/USD– Binance Coin i.e. BNB token is the native token of Binance Exchange for all fees & transactions. BNB has found its usecase on Binance Smart Chain also for natively developed decentralized apps on Binance’s blockchain, hence increasing its usability manifolds
- XLM/USD– Stellar aka XLM allows faster digital currency transfer to fiat money across borders. It is low-cost and offers a high-speed cross-border transaction experience for its users making it an ideal option for underbanked countries.
- XMR/USD– Monero aka XMR is a popular privacy coin. The coin allows transactions to take place privately and with anonymity making it highly desirable amongst those who value security and privacy.
Now you might be wondering, how do I place a trade for all these newly launched trades? For this, follow the below steps:
- Login to PrimeXBT using your credentials or create a new account.
- Next, deposit funds to your PrimeXBT wallet if you haven’t done so already.
- Go to Margin from the menu bar.
- Now select your preferred trading pair from All markets.
- Next, click on the green Buy button to open up the Buy/Sell window.
- Finally, select your order type and enter other details and click on Send order to execute your order.
The Covesting Copy Trading Module Exclusively on PrimeXBT
If you are not a pro trader or you are just a beginner, then you can try out PrimeXBT’s copy trading feature.
It is a great feature that allows you to automatically copy the trades of the leading traders on the platform. You can choose from several traders from the leaderboard and automatically copy their trading activity.
Using the PrimeXBT Covesting copy trading module, you will be able to get great returns as the best-performing traders on the platform.
Also, if you are a pro trader, you can share your own strategy and earn secondary income by receiving success fees from your followers. So it is a win-win situation for both parties. Or you can go through this guide how to make money on bitcoin’s volatility with PrimeXBT’s covesting to learn more.
How to get started with the PrimeXBT Copy Trading module?
- Login to PrimeXBT with your login credentials.
- Click on Copy-trading from the navigation bar.
- Now you will get to see a long list of traders with their ratings and other details. You can also click on the profile name to see additional details.
- Once you find the right trader, click on the Follow button to follow the trader and automate your trades.
Recommended Read: What is ADL (Auto-deleveraging)?
Finally, Earn Handsome Interest or Yield On Your Holdings On PrimeXBT
Apart from copy trading, you can also earn interest in your crypto holdings. PrimeXBT offers you covesting yield accounts.
Using the account, you will be able to connect to multiple third-party DeFi and CeFi projects. So you can earn passive income from your crypto holdings.
It is extremely easy to get started and earn interest in your crypto. All you have to do is choose the coin that you would like to stake, select the amount and click on the Stake Now button.
To get started with it, follow the below steps:
- Go to PrimeXBT’s dashboard and click on Yield from the menu bar.
- Now you will get to see all the available tokens available for earning interest.
- Click on the Start Earning button next to your preferred crypto token.
- Finally, deposit your initial staking amount and click on the Stake button.
Benefits of Trading on PrimeXBT
Margin trading on PrimeXBT is extremely easy. Thanks to its numerous features, which help you to get the most out of your trading. With PrimeXBT, you enjoy features like:
- Liquidity and tools
- Competitive Fee schedule
- User-friendly interface
- Advanced charting tools
So with these benefits and features, PrimeXBT offers you a wide range that helps you to make profits out of crypto trading.
You can try out their margin trading, copy trading, or yield staking, especially with newly launched tokens, as getting started with the platform is super easy, and you don’t need to be an advanced trader to use the platform. You can also try it’s contest module to earn exciting rewards.
So go ahead and give PrimeXBT a try and see how things are going for you. Also, you can use PrimeXBT promo code to get a welcome bonus.
- Bitcoin Transaction Accelerator: 5 Services to Unstuck Your BTC - September 23, 2023
- What Is Bitcoin Private Key? Everything You Need To Know !! - June 2, 2023
- Best Cardano (ADA) Wallets To Use In 2023 - May 7, 2023