Expands the Crypto Traders Opportunity to Multiply Profits
The rise of cryptocurrency over the last decade has been profound and ever increasing, with the number of people now using crypto at an all-time high. This should come at no surprise however, due to the unique and immense opportunity it has presented our society to chart new territory and profit from a completely new and incredibly expansive asset-class.
Further now, advanced trading techniques and strategies are being made available, beyond simply buying low to sell high or ‘hodl’, as you would typically do on a crypto exchange. Prime XBT is a new-age trading platform that’s launching soon to allow crypto traders the possibility to margin trade with up to 100X leverage on long and short positions.
Trading with high leverage enables savvy traders to take advantage of comparatively small price movements, to gear their portfolio for a greater position size in order to make their capital grow faster.
As an example, say you want to buy 10 BTC at a price of $10,000. To open such a trade on a traditional exchange you would be required to pay $100,000. If the Bitcoin Price goes up by 5%, those 10 Bitcoins are now worth $10,500. If you choose to then sell them to secure your profit, you’d have made $5,000 from your original $100,000 investment.
Now let’s compare that to 100x leverage on Prime XBT. Here you would only have to pay 1% of $100,000, or $1,000 to open the same trade. If Bitcoin’s price rises by 5%, you will still have made the same profit of $5,000, but at a considerably reduced cost.
Additionally, Prime XBT allows traders to profit not only in bull runs, but in bear markets with short positions. Leverage can be applied when shorting a crypto-asset, alongside stop-loss orders to limit a traders loss potential. Similarly to high X leverage, the option to short sell is not commonly offered by the majority of crypto trading platforms yet, despite the fact that the techniques success in traditional forex and equity markets is renowned.
Other notable features of the trading platform include:
- Smartphone apps for both IOS and Android, so you can trade anywhere, anytime;
- Intuitive and easy user interface, customizable to suit individual preferences and needs;
- Aggregated liquidity from 12 top exchanges to secure the best possible price with instant order execution; fit for even institutional investors to minimize slippage;
- No KYC — sign up takes less than a minute;
- Safe and secure platform to protect user funds; cold wallets, DDOS protection, withdrawal address whitelisting, email confirmations, 2FA, etc;
- 24/7 customer support.
Prime XBT is due to launch this month, in January 2019. Those who signup early will receive 50% off all trade and commission fees for the first month. To find out more about this impressive trading platform, head to PrimeXBT.com.