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Leveraged trading gives traders the ability to control a large amount of assets that, under normal circumstances, they would not be able to do normally. Leveraging simply means holding trading positions using funds borrowed from a broker. In this case, Prime XBT acts as a broker for cryptocurrency traders worldwide. With dealers in control of extra funds, they are able to profit from bears and bulls in the market.
The trading platforms are unique and each has its pros and cons. Therefore, there are different opinions about what makes a cryptocurrency trading platform good and safe to use. Nonetheless, cryptocurrency users agree on some things that are important to a trading platform before it can be considered the best in circulation. These include features such as high liquidity, reliability, low transaction costs and the number of cryptocurrency pairs available for trading.
Prime XBT is different:
Prime XBT primarily allows cryptocurrency traders to buy and sell a wide range of high-volume cryptocurrency pairs with 100x leverage. The platform, unlike exchanges, is the next generation of scalable cryptocurrency trading and offers solutions for: extensive account registrations and approvals, poor or low leverage, inability to earn in bear markets, high transaction fees, poor user interface ( UI), bad customer support and low liquidity.
100 X Leverage with Prime XBT:
In traditional markets, professional traders with a talent for trading have used borrowed funds to invest and build wealth for many years. Therefore, Prime XBT is simply importing a proven solution from established markets in cryptocurrency trading. This offers cryptocurrency traders more options to create lasting wealth.
Example:
- Depositing 1 BTC ($ 3,740) into your Prime XBT account will allow you to open short or long positions, for a total of 100 BTCs ($ 374,000) compared to other cryptocurrency pairs.
- If Bitcoin (BTC) earns 5% of the currency you are trading with, you will earn 5% of 100 BTC = 5 BTC ($ 18,700) at the current rate.
- Likewise, if Bitcoin (BTC) loses 5% against the currency pair you are trading, you will lose 5% of 100 BTC = 5 BTC ($ 18,700) at the current rate.
Traders are advised to use margin trading wisely, with patience and not to gung-ho in search of profits. If you make money or do not use your Prime XBT account, it depends largely on how smartly you manage your resources. If you are a winning trader without leverage, chances are you will be a winning trader using leverage and this means more profit for you. Prime XBT margin trading represents more or less an opportunity for users to generate profits quickly, albeit responsibly.
Management of trading risks: Managing your exposure is essential when you negotiate any type of market, even more when you negotiate cryptocurrencies because of their volatile nature. Good traders know they are buying in drops and selling when prices rise. So knowing your entry and exit points is crucial to your success. Keeping cryptocurrency indefinitely, while hoping that prices will increase forever, is naive and inconsiderate. Trading keeps the market for lively cryptocurrency and increases its growth potential.
Earning profits with the help of your Prime XBT margin account, using the 100x leverage is an impossible choice. However, as outlined above, it is necessary to be patient and prudent to succeed in this type of operation. The same rules you have applied successfully when trading without leverage still apply. To avoid losses, you should do things like:
- Diversify your portfolio: This is probably one of the best ways to safeguard your cryptocurrency trading balance. Prime XBT is built in a way that allows you to easily diversify your portfolio between different popular cryptocurrencies. Since there are many popular criptovalute pairs to choose from. Chances are, if one or two coins are not doing so well, the others will do well and take cover. So instead of putting all the eggs in a basket, stretch them out a little.
- Exchange assets with high liquidity: This makes Prime XBT even more attractive for cryptocurrency traders. This is because it is one of the best exchanges of high liquidity between different cryptocurrencies. Prime XBT uses an advanced matching engine that aggregates the liquidity of 12 different suppliers. Thus, guaranteeing the best prices for merchants and the ability to immediately fill large orders.
- Avoid high fees: High transaction fees are a problem in the cryptocurrency industry and PrimeXBT is here to lighten the load. Existing trading platforms seem to get rich by charging high commissions to traders, but Prime XBT understands that it will not survive without its loyal customers, so traders have the opportunity to enjoy the benefits of one of the lowest transaction fees. in the cryptocurrency sector.
- Ethical customer support: Cryptocurrency trading platforms must always be available to their customers. Trading never sleeps, and there are all kinds of problems that appear during trading. What you do not want is a trading platform that practices unethical customer support, as it is extremely risky to leave your resources on such a platform.
The bad customer support can lead to big losses. It is worth bearing in mind when using funds with leverage, as Prime XBTarguablye has the best customer support in the cryptocurrency sector. Customer support is open 24 hours a day, seven days a week. All support tickets with trading problems have priority and are dealt with in a timely manner.
Prime XBT is your partner for successful cryptocurrency trading. Although there is nothing wrong with making high profits, Prime XBT considers its client partners and puts them first as a result.
Join now with Prime XBT and take advantage of its favorable environment to make profits regardless of whether the market is rising or falling. Do not waste any more time fantasizing because time is money.
Image source: medium.com
