Even in different contexts, it is always important to think about the pros and cons. To make sure you are making the best decision when choosing a trading platform it is important to review and create a list. Also, it is important to discern between platforms. prosThey claim they are. Con artists.
PrimeXBT has many pros and, like all platforms, there are some downsides. We are not going to review PrimeXBT because the pros outweigh any cons. Instead, we will be examining it to see if it really is a professional trading platform or just another scam crypto trading site worth your time.
About PrimeXBT: Pros Versus Cons
PrimeXBT was founded in 2018 and is an award-winning platform for multi-asset margin trades. PrimeXBT offers lightning-quick execution of orders with zero slippage, ultra-fast reliability, and up to 99.9% uptime. More than 100 of today’s most popular trading instruments are included across crypto, forex, commodities, and stock indices.
You have many options for flexible currency exchanges
PrimeXBT, a multiasset margin trading platform allows users to deposit a broad range of crypto assets such as BTC (Bitcoin), ETH(Ethereum), USDT (20 Tether), USDC ($USD Coin), COV (Covesting), utility token.
Get Crypto here
Don’t have crypto yet? Don’t sweat it. PrimeXBT allows you to Cryptocurrency: Buy itYou can also use a third-party partner widget to access your assets. They offer competitive conversion rates as well as low fees. Within each wallet, users can exchange any type of cryptocurrency with another.
Pro: No Minimum Deposit
The cryptocurrency wallet is secured by compulsory address whitelisting, two-factor authentication, and mandatory addresses. No minimum capital is required to start, and there’s no requirement for a deposit. It allows new users to test out the platform without risking too much.
Con: 24-hour withdrawals
It can take as long as 24 hours for withdrawals to process. This is to avoid confusion, and also to make sure that users are aware of any possible cons. You will have to wait if you urgently need crypto.
Pro: Virtually Hackproof
The con above is a worthy trade-off for a platform that hasn’t once in its nearly five-year history been hacked or had any significant downtime. Users have not reported losses of funds as a result of theft. This spotless reputation is rare in today’s crypto industry.
Pro: Versatile Account System
Once you’ve checked your safety and made deposits, now it is time for individual PrimeXBT account funding. Margin trading accounts are not your standard. There are also APY-generating Yield accounts and Covesting accounts. This is all available in one account, under one roof.
Pro: Crypto, Forex, Commodities, & Stock Indices
Margin trading and Covesting strategy managers have access to more than 100 of today’s most volatile and popular trading instruments, including Bitcoin, gold, oil, the S&P 500, and much more. You can choose from dozens of trading options. cryptocurrenciesThe most crucial geopolitical commodities, as well as forex currencies.
Pro: Tips and Educational Website
Each legend begins their journey as a novice. Don’t be deterred if you don’t yet know how to trade. PrimeXBT’s top expert trader will show you the ropes and show you how it is done. Dirk Hartig created a vast database with trading tips and tutorials.
Pro: You Can Compete for Crypto
These new skills can be used to both trade with no risk virtual currency or test them in PrimeXBT contests. You could also compete for huge crypto prizes of up to $100,000 USDT. Each week, new contests will be live. Trading takes place in an simulated market.
Copy Trading Community
You either have what it takes, or you don’t. You might be a Covesting strategist manager if you have the potential to do so. This global leaderboard allows followers to choose and follow the best strategy managers by ranking them according to their performance. For those that don’t have what it takes, using Covesting, you can still follow someone who does, copy their trades, and profit from market volatility.
Pro: Utility token utilization
With Covesting a centerpiece of PrimeXBT’s offering, the platform has fully integrated the native utility token to the Covesting ecosystem, COV. The token unlocks memberships which each offer unique benefits to users. You can get trading fee discounts and increased following counts. You also have improved APYs.
Pro: High Yield APOYs
PrimeXBT developed a tool to generate yield during the DeFi boom. It connected with top decentralized protocols and allowed users to get a variable return on all staked crypto assets.
Pro: Mobile Apps Free of Charge
You can access all of these services and products no matter where they are. This is possible thanks to completely free iOS and Android smartphones applications. You can also make deposits or change your trading positions with just a few taps. Your trading and Covesting portfolio can be managed on-the-go.
Pro: 24 Hour Live Customer Support
Both the mobile app as well as desktop offer live chat access for 24/7 support. A huge help center provides detailed instructions on using the platform, as well as a designated account manager to provide personalized service.
Con-clusion: A Professional Platform For Novices And Pros Alike
PrimeXBT, a professional XBT software, is not a con.Margin tradingPlatform that provides everything professionals and beginners need to start, advance their careers or profit.
PrimeXBT continues to add new features and trading instruments, so you can be sure that any market innovations will find their home on this award-winning platform.
Registering is easy, free and takes just a few moments.