Would you like to get authentic and complete information about the XBT review? Are you interested in online trading? Congratulations! Here is a complete guide. We are going to discuss PrimeXBT review.
So, Let’s get started!
At the time of its launch in 2018, PrimeXBT was a margin trading platform that offered a wide variety of assets such as cryptocurrencies and commodities. PrimeXBT is only able to be used for CFD trading, thus you can’t use it to buy any cryptocurrency. Check out our list of the finest crypto exchanges if you’re interested in purchasing crypto.
What does PrimeXBT do
Over 150 nations across the globe utilize PrimeXBT as a popular platform for margin trading because of its numerous valuable features. Check out PrimeXBT’s features for yourself.
Its user-friendly design makes it ideal for seasoned traders
Because PrimeXBT is not designed for newbies, this is wonderful news for expert crypto traders!. You can do technical analysis since it has a plethora of chart features not present on many other beginner-friendly crypto-trading exchanges. All of these orders may be created in the form of OCO orders, market, take-profit, and stop-loss.
Mobile app for Android and iOS
PrimeXBT has created an Android and iOS app so you can keep track of your trades wherever you are. The software is simple to use and offers many important features, such as order kinds and comprehensive charts.
PrimeXBT allows you to trade 11 cryptocurrencies, including several of the most popular. ADA, DOT, SOL, UNI, LINK & DOGE are all supported coins.
10 stock indexes and 5 commodities: PrimeXBT offers markets for FX, stock indices, and commodities in addition to cryptocurrencies.
USD, EUR, GBP, AUD, CAD, and CHF are available. PrimeXBT offers the S& NASDAQ 100, ASX 200, P 500 and NIKKEI 225. You may trade Gold, Silver, Gas, Crude Oil, and Brent Oil. This platform is ideal for traders who wish to diversify their money.
Trading CFDs to go long or short
Because you don’t own the underlying asset, when you trade on PrimeXBT, you’re trading CFDs. For those unfamiliar with the phrase, CFD stands for “contract for difference”. It is a contract for compensating the difference in value between purchasing and selling an item. A regular crypto exchange does not allow you to “short” bitcoin.
Risk-adjusted returns using margin
PrimeXBT is a leveraged trading platform. Basically, you put in a little fraction of the total transaction value, and PrimeXBT provides the remainder. A modest price change in a favored direction can magnify your profits. But be cautious, since a slight price movement in the other direction might result in a huge money loss.
Live Chat support
PrimeXBT delivers great customer service and responsive Live Chat assistance. They feature a Help Center, email support, and live chat support, so you may get help anytime. The Live Chat option was really quick to set up. Instead of an automated bot, I was immediately connected to a real representative. The support representative was able to address all of my inquiries quickly and efficiently.
Good luck folks!