PrimeXBT – A popular global multi-asset trading platform is now offering 24 new crypto trading pairs. The trading platform is popularly known for allowing traders to trade in commodities, forex, cryptocurrencies, and stock indices.
However, for cryptocurrencies, the trading platform had a limited number since its launch in 2018 but now has become a go-to platform for millions for margin trading cryptocurrencies.
PrimeXBT is now allowing you to trade in pairs 24 new trading pairs like BNB/USD, LUNA/USD, AVAX/USD, MATIC/USD, and many others.
Now, by launching 24 new trading pairs, crypto traders can now trade in a variety of coins without needing to switch to another crypto trading platform as these cryptocurrencies have a high demand as they are the crowd’s favorite.
However, to help you get started with PrimeXBT, do look at these two trading pairs which I think are having amazing usecases.
PrimeXBT’s Top New Trading Pairs To Trade
These three cryptocurrencies are extremely popular, and they have a real use case. As a result, more and more users might want to own or trade them, and the pricing history of these two coins backs them too.
- MATIC/USD– Polygon (formerly known as Matic Network) is the first well-structured, easy-to-use second-layer for Ethereum scaling and infrastructure development platform where its users can build multiple types of decentralized applications which are highly scalable unlike Ethereum
- LUNA/USD– Terra is a decentralized blockchain protocol for algorithmic stablecoins where it tries to marry the stability of fiat currencies along with Bitcoin’s censorship resistance to produce different kinds of stablecoins for global payments
So if you too wish to trade these coins in your portfolio, you can follow the below steps to place a trade on PrimeXBT:
- Create a new account on PrimeXBT or log in to your account using your credentials.
- Next, deposit funds using the different available methods.
- Click on the Margin tab from the navigation menu.
- Click on the All Markets dropdown menu and select Cryptocurrency that you want to trade from the list of all available crypto trading pairs.
- Now select your preferred trading pair like here ALGO/USD pair is selected
- Click on the green Buy button to launch the Buy/Sell window.
- Next, select your order type, enter the amount and click on the send order button to place an order.
- Similarly, when you want to sell your assets, click on the sell button and follow the onscreen steps.
PrimeXBT’s Copy Trading Module Helps You Copy Best Traders
Trading requires patience and a lot of knowledge which is not something a newbie would have. But if still, the beginners would like to make money, they can always copy the best traders and automate their trades.
For this, PrimeXBT has a feature called the covesting copy trading module. It is a unique feature that allows you to automatically copy trades of the leading traders on the platform.
You can choose one or several traders from the leaderboard and follow them to copy their trades and automate your trading activity.
Choose one or several traders from the leaderboard and automatically copy their trading activity. This way, you will get to achieve the same returns as the best-performing traders on the platform.
The traders sign up for the covesting copy trading module and start their own strategy. This way, the advanced traders get to earn a secondary income by receiving success fees from their followers.
Getting started with the covesting copy trading module is extremely easy. However, to help you get started fast, here is a quick tutorial:
- From PrimeXBT’s dashboard, click on the Copy Trading tab.
- Next, you will find a long list of traders along with their performance, rating, and other details.
- Now to copy their strategy, you can simply click on the follow button, and you are good to go.
PrimeXBT’s Interest-Earning Accounts
Sometimes you might also want to hold your favorite currencies for a long time. So you can sell your crypto assets for a huge profit at a later stage. However, instead of keeping your funds in isolation, you can use them to earn interest.
PrimeXBT’s interest-earning accounts offer you up to 14% yield on your crypto. You can get high returns on most of the popular cryptocurrencies and it is pretty easy to get started with.
However, the interest rate varies from one currency to another. For instance, for USDT, you can enjoy 2.01% APY, and for ETH, you will get 1.58% APY.
PrimeXBT connects you to multiple third-party DeFi and CeFi projects, allowing you to generate passive income on your cryptocurrency holdings.
All you have to do is simply choose a coin that you would like to stake, then select the amount and click on the Stake now button.
Leverage Trading on PrimeXBT & Its Benefits
- PrimeXBT offers leveraged Trading up to 200x
Leveraged trading is one of the best ways to make more money without needing to invest a lot of capital.
And the best part is that PrimeXBT offers you up to 200x of leverage trading. Leveraged trading is also known as margin trading, in which you borrow funds from the exchange.
As a result, with little money, you can increase your profit potential. Since you will be trading with a larger amount.
- Use Advanced Technical Analysis Tools
PrimeXBT also offers you an advanced-level technical analysis tool. The tool runs on TradingView, and it comes preloaded with hundreds of popular indicators like RSI, Moving average, and more.
Plus, you will get access to 50 intelligent drawing tools for in-depth market analysis. As a result, it will be super easy for you to spot the right trading movements and book profits.
- Mobile App For iOS & Android
You can always trade on the go. Since PrimeXBT offers you an app for Android and iOS devices. So you can easily take a trade no matter wherever you are. The app is extremely easy to use and has all the features that you need. Plus, you get access to different order types and detailed charts.
- User-friendly interface
To make your trading experience smoother, PrimeXBT offers an easy-to-use interface. On top of that, it has the ability to customize the trading interface. So you can add a wide range of professional trading tools on your screen, add multi-monitor functionality and organize your trading view with the features you use the most. So you can enjoy a seamless trading experience.
- Responsive Live Chat support
Customer support is extremely important for any exchange out there. And with PrimeXBT, you will never feel out of reach to customer support.
They have a help center to solve all your queries. On top of that, it provides you with email support and live chat support. So you can get help from them 24/7.
PrimeXBT’s Academy For Your Learning
If you want to be pro at trading, learning is the way to go. And for this specific reason, PrimeXBT offers you their trading academy.
PrimeXBT trading academy is the one-stop solution for all your things in crypto. It helps you to learn trading from experts who have 20+ years of experience.
Additionally, you can get the latest crypto news, in-depth trading analysis, and so on. As a result, you will never miss out on trading opportunities and become a better trader over time.
With this addition of newer trading pairs, PrimeXBT will definitely appeal to a wider audience. Also, it gives the existing user base a chance to try out newer coins. As a result, it is definitely a profitable move for both the trading platform and its user base. Overall, PrimeXBT is a great way to trade crypto.
It offers you different ways to make money apart from trading. Plus, it offers you a wide range of trading pairs for most cryptocurrencies.
Also, if you are an absolute beginner, you can use the PrimeXBT trading academy to learn new things in trading.
So go ahead and give the platform a try and see how do you like it.