Since its launch a little over three years ago, PrimeXBT has been making its mark on the cryptocurrency market as it has brought a range of powerful new ways to be able to interact with cryptocurrencies profitably to the market, forged a range of partnerships with leaders in the cryptocurrency space, and provided one of the most professional and secure trading platforms on the market in 2021.
The major driving force for the growth of PrimeXBT throughout this period has been the range of benefits that traders and investors have been able to access with the use of PrimeXBT that are unique and have not been provided elsewhere in the crypto market until now.
This guide breaks down a number of the key benefits of using PrimeXBT, beginning with a look at how PrimeXBT outperforms the rest of the market and what PrimeXBT actually is, before looking at some of the key features of PrimeXBT, and finishing off with the top of the other three PrimeXBT benefits in 2021.
PrimeXBT Outperforms the Rest of the Market
PrimeXBT launched in early 2018 as a platform built around bringing professional margin trading services to the cryptocurrency space for the first time, and at a period of time where that margin trading was certainly not what it is today in the crypto market.
While there were platforms in the market in 2018 that provided margin trading services, the level of professionalism and the quality of the services provided were dramatically inferior compared to the professionally-engineered platform built by PrimeXBT that was designed to revolutionize crypto margin trading.
Since then until now, PrimeXBT has gone from strength to strength as it has continued to ensure the regular integration of new tools and services also are of the same levels of quality that PrimeXBT's original margin trading services were.
What is PrimeXBT?
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PrimeXBT is the world's leading multi-asset margin trading platform in 2021, having grown exponentially over the past three years as a result of the range of forms of best value that it provides for its users, and as a result of this today PrimeXBT manages up to $6 billion of global trade each and every day.
PrimeXBT looked at a number of the key problems in the cryptocurrency space and has provided superior solutions to all of the problems simultaneously, with this including dropping the cost of using PrimeXBT to be the lowest of any major crypto platform, securing the platform with intelligent bank-grade security measures, and connecting the cryptocurrency market and traditional asset markets for the first time any kind of significant way.
PrimeXBT has become a leader in the cryptocurrency market and is widely used by traders and investors that would like to access the top crypto-assets available and would like to do so in a secure environment.
What are Some of the Key Features of PrimeXBT?
Professional and Intuitive Trading Interface
PrimeXBT has a professional and intuitive trading interface that allows its users to easily learn how to navigate PrimeXBT and to use it in order to succeed in the cryptocurrency market.
The design of the platform is easy for even novice traders to be able to quickly understand, and is attractive and an enjoyable trading platform to use.
PrimeXBT also provides professional charting technologies in order to be able to design and execute trades effectively, with a range of powerful features such as multi-monitor support being included as standard into the PrimeXBT suite.
Wide Range of Assets to Choose from
PrimeXBT has ensured that it has one of the widest ranges of assets to choose from both within the cryptocurrency and traditional asset markets.
PrimeXBT lists a wide range of cryptocurrencies that include BTC, ETH, LTC, and EOS, as well as a range of the world's leading traditional assets like stock indices such as S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD and commodities such as gold and oil.
Because of the efficiency of using PrimeXBT to manage both cryptocurrency and traditional asset investment simultaneously, PrimeXBT has become an effective bridge between these two marketplaces and has seen the growth of the use of PrimeXBT by both crypto and traditional asset investors grown rapidly as a result.
Powerful Trading Engine
PrimeXBT has a powerful trading engine that is reliable even under the heaviest loads and ensures that traders will not experience glitches or outages throughout even the busiest periods of trading.
PrimeXBT's trading engine can execute up to 12,000 trades per second with an average trade time of just 7.02 ms per trade, with this dramatically outperforming many of the other major crypto trading platforms on the market and providing a powerful and reliable trading environment in order to use.
As with the rest of PrimeXBT's platform, PrimeXBT’s trading engine has been professionally-engineered in order to be in line with leading industry standards and using cutting-edge development techniques in order to provide margin trading services.
High Liquidity
PrimeXBT provides higher liquidity and trade volumes across all pairs on the platform and has done since its inception as a result of its partnership with 12 separate liquidity providers to ensure that all assets are well represented at all times.
This was further bolstered by the exponential growth in trade volumes at PrimeXBT with up to $6 billion of global trade passing through its doors every day, and this further increasing the liquidity that is seen throughout the platform.
This has a direct knock-on effect to provide the lowest slippage trading possible for cryptocurrency traders, and this in turn saves them money on the cost of trading and increases the profitability of trading by using PrimeXBT.
Unique 4-Tier Referral Program
PrimeXBT provides a unique forte referral program for affiliates to be able to use in order to maximize the revenue that they generate from their referrals in comparison to other referral programs in the cryptocurrency space that are often dramatically less profitable.
This is achieved by PrimeXBT not only rewarding direct referrals like other referral programs in the cryptocurrency industry, but also indirect referrals for up to four levels deep, with this meaning that if a direct referral refers to somebody else that the original affiliate also earns from that referral as well.
Such has been the success of PrimeXBT's referral program that in 2020 the top three affiliates were all able to generate more than $1 million, with this showing the potential profitability of partnering with PrimeXBT and becoming an affiliate.
Top 3 PrimeXBT Benefits:
Industry-Leading Leverage
The first major benefit of using PrimeXBT is that the platform provides industry-leading leverage across all of the assets and pairs on its platform, with traders having access to up to 100X leverage on or cryptocurrencies and up to 500X leverage on or traditional assets on the platform.
This allows traders to be able to maximize the successes that they gain in the cryptocurrency and traditional asset markets, while also being able to use margin trading to reduce the risk by executing risk mitigation strategies such as hedging on the platform.
PrimeXBT was largely responsible for redefining the way that margin trading was seen in the cryptocurrency market, and following the success of PrimeXBT after it launched in 2018, many of the major cryptocurrency trading platforms also followed suit and moved into the margin trading space as well as a result of this.
Safe and Secure Trading
PrimeXBT has also built a strong reputation for being a safe and secure trading platform to use, with the platform never being hacked in its years of operation and this putting it into a small group of platforms that can say this.
PrimeXBT’s success with security has largely been as a result of its implementation of a range of bank-grade security measures that include mandatory Bitcoin address whitelisting feature and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher.
Perhaps one security measure that has had a bigger impact in all of the rest has been the fact that, unlike many crypto trading platforms which implement a cold wallet and hot wallet system, PrimeXBT does away with hot wallets entirely and only uses a cold wallet system, completely disconnecting its users’ funds from the internet and from hackers.
Partner with the Best Traders
The last major benefit of using PrimeXBT is the unique ability to directly partner with some of the top performing traders in the cryptocurrency market in order to be able to use the knowledge and expertise to gain more successes with the capital that is invested.
This is via PrimeXBT's new Covesting module that was developed in partnership with the world's leading crypto copy trading platform, Covesting.io, and with the Covesting module connecting some of the world's leading traders in the cryptocurrency market with investors in order to allow for the creation of mutually-beneficial situations.
Traders will create peer-to-peer investment funds that are tied to the strategies and then other users are able to follow the strategies, and in doing so investing that capital into them, with that capital copying the same trades as the strategy manager and often having the effect of dramatically reducing the risk that they experience as a result of this.
In Conclusion: Top 3 PrimeXBT Benefits
PrimeXBT has gone from launching just three years ago to today sitting at the top of the cryptocurrency market amongst other major trading platforms that have multi-billion-dollar 24 hour trade volumes and that have earned a reputation for being professional cryptocurrency trading platforms.
The three major benefits of using PrimeXBT are the ability to access industry-leading leverage, the safety and security of PrimeXBT, and the ability to use the platform's Covesting module in order to partner with the top performing traders in the crypto market and dramatically cut risk.
If you’d like to learn more about PrimeXBT, the tools and services available on the platform, and additional benefits to using PrimeXBT to trade and invest in cryptocurrencies and traditional assets, check out PrimeXBT's platform page.