Cryptocurrency trading is relatively new compared to trading in other traditional financial markets, nonetheless, its principles and methodology are the same. Modern investors and traders in other traditional financial markets are dipping their toes into cryptocurrency markets. They have also brought with them sophisticated trading techniques that are being applied successfully to cryptocurrency trading.
Margin Trading: is an example of how things are done in traditional market. It involves borrowing funds from trading platforms and brokers to facilitate trades of different financial assets. To qualify for margin trades, the trader has to put up some funds in advance. This enables the broker or exchange to advance them trading capital.
PrimeXBT is the new kid on the block for cryptocurrency and margin trading. It offers both inexperienced and professional traders a platform that incorporates margin trading with highly advanced trading tools, all done anonymously for effective and profitable trading. Simply opening an account and trading crypto assets on the PrimeXBT platform, gives traders access to arguably the best platform for profitable cryptocurrency trading at all times.
Margin trading is a great way for cryptocurrency traders without sufficient funds to invest and trade. However, to be a successful trader, choosing the right trading platform is essential to enhancing profits. Crytocurrency trading is often fraught with risks, but choosing the right exchange could be the difference between success and failure. At PrimeXBT, users are provided with solutions such as short-selling and margin trading that help them make profits regardless of the market trend.
Other notable reasons to choose PrimeXBT exchange as your primary cryptocurrency trading platform:
- Profitable: Using PrimeXBT to trade cryptocurrencies is profitable for both novice and professional traders. The goal of every trader is to make profit or at least minimize losses when trading. Whatever trading strategy you use, PrimeXBT will provide you with advanced trading tools and solutions that will help you earn profit during bearish and bullish markets. Taking advantage of margin trading via PrimeXBT will enable you to trade with a 1:100 leverage. For every dollar you commit to your PrimeXBT trade, you will be given access to 100X to trade with.
- Low transaction fees: PrimeXBT offers users the lowest commission rates, spreads and transaction fees in the cryptocurrency market.
- Privacy: PrimeXBT values the privacy of its users’. The exchange does not demand Know-Your-Customer (KYC) from customers before giving them full access to all their products. Users can simply sign-up, deposit and start trading without any further hassles.
- Security: PrimeXBT uses up-to-date, robust and state of the art security features to ensure the safety of customer funds. Traders can use the platform secure in the knowledge that their assets are safe, and are not susceptible to external attacks.
- Responsive customer support: Some cryptocurrency exchanges are understaffed and notorious for having poor customer support. PrimeXBT seeks to change this by offering their customers responsive 24 hours support for all time zones. It is essential when trading on a preferred cryptocurrency exchange that its support is always available when you need it the most. Using an exchange with slow or unresponsive customer support can lead to trading losses.
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