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PrimeXBT Retrospective And What’s Next For The Ultra Hot Trading Platform

PrimeXBT is an award-winning cryptocurrency margin trading platform that has undergone an enormous transformation over the last several years since its inception.

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PrimeXBT Retrospective And What's Next For The Ultra Hot Trading Platform

PrimeXBT is an award-winning cryptocurrency margin trading platform that has undergone an enormous transformation over the last several years since its inception. As such, we’re looking back at the platform’s early beginnings, significant milestones over the years, and the many ways the platform regularly steps up its game for traders across the globe.

1. The Beginnings Of Greatness

PrimeXBT launched in 2018 during the depths of the crypto bear market but had no trouble gathering steam due to the platform offering short positions on various crypto assets. To start, there were only cryptocurrencies, but later the platform branched out into traditional markets.

The pitch during the early days of PrimeXBT was that it was a different type of crypto trading platform, built from traditional market experience, so it wasn’t too surprising to see trading instruments like CFDs on forex, commodities, stock indices, and more were eventually included.

There are now more than 50 instruments total for a 10x increase over the initial list of five, and new trading instruments are always being considered. The wide variety of these instruments allow traders to build a diverse trading portfolio, build hedge positions, and more. PrimeXBT even lets traders access altcoin versus BTC trading pairs to churn additional profits out of any altcoin season.

Traders can long and short all of these trading instruments and access advanced order types such as limit, market, and OCO orders. Stop loss and take profit levels can also be added for the possible control.

2. Continued Evolution

On top of altcoins, a significant milestone in the PrimeXBT timeline was introducing the V2.0 upgrade, which introduced multi-asset support and a visual overhaul. The layout was also improved, with a new Main section, Margin section, and Reporting section added.

What is bitcoin online trading

The crux of the update focuses on adding ETH, USDC, and USDT next to BTC as options for margin account base currency. CFDs were previously available only through BTC-based margin accounts, but with ETH and stable coins, greater reach across different market participants can be achieved.

Stablecoins significantly added for traders who care most about their base margin account currency remaining as stable as possible. Relying on BTC and ETH can result in large fluctuations due to natural crypto market volatility.

3. Technical Tools On Tap

PrimeXBT always had built-in charting tools from day one and was a significant selling point early on. However, this is an example that even what existed has since grown and evolved as well. There is now a dedicated analysis section with technical analysis tools offered free from TradingView.

TradingView support allows traders to snapshot and share charts online, which has a spillover effect of promoting the PrimeXBT trading platform thanks to its signature look. Users can draw trend lines, patterns, and more and access more than 40 different technical indicators.

Technical indicators include the Relative Strength Index, Bollinger Bands, Ichimoku, Williams Gator, and many others. The PrimeXBT company blog features several guides that teach traders how to use these tools, essentially offering the total package for traders from start to finish.

4. The Debut Of Covesting

A pivotal moment for the trading platform was when the Covesting copy trading module went live – first as a beta, then officially. The beta phase was used to hone the experience for the general population, and today it is a thriving ecosystem and peer-to-peer trading community filled with strategy managers and followers.

Followers connect with strategy managers via a global leaderboard system. Total profits rank strategy managers, so followers can always see which strategy managers are the most successful. Based on those success and risk metrics listed, followers can choose which strategy managers to follow.

Bitcoin Cryptocurrency

Followers then copy the trades of these strategy managers and earn profits when they do. Strategy managers cut followers’ capital to keep incentives high to succeed. Followers are also given tools to manage any unwanted drawdowns or take profit without stopping following a successful strategy.

5. COV Token Staking And Yield Accounts

With the Covesting copy trading module live, integrating the COV utility token into the ecosystem was the next major step. A new MyCOV section was added with information on token supply, the contract, token burns, and more. There, users can activate Advanced, Premium, and Elite membership levels that enable account-level utilities.

Utilities include trading fee discounts for strategy managers and many benefits for followers, such as eliminating following fees, increasing follower limits, and increasing the profit share back to the follower on successful copied trades.

COV token staking will also unlock up to a 2x APY boost when the Covesting Yield Account system goes live in Q3 2021. Using the tool, staking other idle crypto-assets can offer users up to a 35% variable APY.

This is likely by leveraging the potential of top Defi protocols and simplifying the process so that there is no tinkering with blockchain wallets or technical requirements. Stake assets stored idly on the PrimeXBT platform, including ETH, BTC, USDT, and USDC, enjoy a regular, recurring yield.

6. What Is Coming Next For The PrimeXBT Trading Platform

Most of PrimeXBT’s updates over the years have generally come out of nowhere. When you think you’ve heard the last of them, another innovation appears and shakes up the industry yet again. There are rarely rumors circulating, but when news breaks, the community pays close attention.

Today, the best features of the platform, such as 24/7 customer support via live chat or 99.9% reliable uptime, come together with the latest innovations such as Covesting, the V2.0 upgrade, and whatever is to come next. Time has brought the platform much success, industry awards, and a growing reputation for serving novices and professionals alike. With no minimum deposits and opportunities, it is easy to see why the platform is so hot currently.

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Bitcoin

Check Out the Remarkable Advantages Which an Individual Can Attain by Using Bitcoin!

The introduction of bitcoin in this world has been proven to be the best thing. This is all because the features that this outstanding digital currency possess are just out of the world.

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Bitcoin a good trading platform

The introduction of bitcoin in this world has been proven to be the best thing. This is all because the features that this outstanding digital currency possess are just out of the world. No one would have ever imagined that it would become possible for people to make instant transactions in a completely anonymous way.

There are various advantages of bitcoin, and if you are not familiar with them, you are missing a great piece of knowledge. By learning about the benefits of bitcoin, you will indeed become aware of this most popular digital currency value.

1. Private transactions!

You will be amazed to know that the bitcoin transaction is entirely anonymous. As you know, the payments made through the banks can be tracked easily, but bitcoin transactions are completely unidentified, and they cannot be tracked at any cost. The person is only allowed to know about the address of the bitcoin wallets from which the bitcoins have been transferred.

But the person’s identity cannot be identified, which is a truly great advantage of bitcoins. If you are a person who doesn’t want to show their wealth and the transactions which you are making, then you should surely shift to the use of bitcoins. The people who want to trade bitcoin anonymously can use eth code.

2. Freedom of making payment!

You need to know that bitcoin is the kind of cryptocurrency that provides a higher level of freedom to its users. You can make bitcoin transactions at any time and from any place whenever you want. You can send the bitcoin to any person from any part of the world. There are no intermediaries in between the bitcoin transaction, which helps you in giving complete freedom.

Bitcoin Cryptocurrency

There is no restriction to you once you start using bitcoins. There is no boundaries or borders of bitcoin transaction, so it is straightforward for you to make the international transactions. Moreover, there is no limit to making bitcoin transactions. This means that you can spend as much amount of bitcoin on a person without any foundation. The freedom Bitcoin offers crucial for attracting people to start investing in this digital currency.

3. Minimal fees!

Are you fed up with paying a higher amount of transaction fees while making a transaction from the bank? If yes, then you need to invest in bitcoin. This is because paying with bitcoin requires you to pay low fees or no fees at all. The whole transaction fees depend on the precedence of the person.

You need to know that if you want your transaction to get processed very fast, you will have to pay the transaction fee, which is very low if we compare it to the other kinds of transactions made from the fiat currency. It has solved the issue of so many people.

Earlier, people had to pay a considerable amount of transaction fees when they needed to make an international transaction or enormous amount transactions. But now, bitcoins allow you to make any transaction by paying very minimal transaction fees, and this is a kind of blessing for the people who have to make a transaction daily.

4. Fast transactions!

If we compare bitcoin transactions to the bank and financial institution, the transactions made from bitcoin are speedy. You wish to be glad to understand that the transaction made from the bitcoin is as fast as sending a mail, and it can be processed in less than 5 minutes.

If the transaction is a zero-confirmation transaction, then it can be processed even faster. The trade made from credit and debit cards is also processed fast, but you will have to pay a considerable fee, which is not required to yield while making a bitcoin transaction. The transaction cost of bitcoin is meager if we see the speed of the transactions.

5. The ending thoughts!

I expect that by now, you might have learned so many advantages of bitcoin. These advantages are enough for making the mind of the person invest in this top-rated digital currency.

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