5 Things Cryptocurrency Holders on the PrimeXBT Platform Can Do
In addition to holding assets, encrypted traders have more ways to put their market judgment and capital to use. From exploring new opportunities to formulating new strategies, the constantly expanding possibilities allow them to execute their ideas more freely.
PrimeXBT is a global multi-asset broker and crypto asset service provider that supports this flexibility through an integrated ecosystem. Its offerings include its own PXTrader 2.0 platform, MetaTrader 5, crypto wallet and exchange services, as well as VIP programs and Rewards Center. Here are five things that crypto traders can do within its services.
1. Buy and exchange cryptocurrencies
PrimeXBT offers lower fees for purchasing cryptocurrencies, allowing customers to buy Bitcoin, Ethereum, and other digital currencies. The purchased assets are stored in a secure wallet, which customers can hold, send to other wallets, or use to fund their trading accounts.
Customers who already hold Bitcoin, Ethereum, USDT, or USDC can directly use these assets to top up their PXTrader 2.0 accounts. The accounts support pricing in these currencies as well as in US dollars, allowing customers to start trading without having to convert the cryptocurrencies into fiat currency first.
For customers holding other cryptocurrencies, the broker provides an integrated exchange function. This function supports over 50 different currencies, allowing users to exchange the supported assets into their chosen account currency before making a deposit into PXTrader 2.0. The supported transfer networks include BTC, ERC, TRC, BSC, and SOL. The broker's VIP tiered plan also offers up to a 15% discount on exchange spreads to active users, helping to reduce conversion costs.
2. Trading traditional markets with Bitcoin or Ethereum
The crypto market is increasingly responding to the same driving factors as traditional assets, such as interest rate expectations, inflation data, and geopolitical developments. For crypto holders who pay attention to these topics, opportunities may arise across multiple markets. Investors who hold Bitcoin and are watching the U.S. stock market may see opportunities in the S&P 500 index; investors holding Ethereum may wish to trade gold or respond to the trend of the U.S. dollar.
PXTrader 2.0 allows customers to use their own crypto assets as trading funds to execute these transactions, and they can also trade foreign exchange, as well as difference contracts for cryptocurrencies, indices, commodities, and stocks. For example, customers can establish a position in a S&P 500 difference contract through an account denominated in BTC, thereby gaining exposure to that index while keeping their account balance denominated in Bitcoin.
3. Trading encrypted futures and traditional spread contracts within the same account
PXTrader 2.0 integrates over 170 types of crypto futures and traditional spread contracts into a single trading account. The range of crypto futures includes mainstream cryptocurrencies, Layer 1 and Layer 2 projects, payment tokens, meme coins, as well as DeFi, AI, gaming, metaverse, and NFT related tokens. Traders can go long or short in these markets, as well as in foreign exchange, indices, commodities, and stock spread contracts, without the need to transfer funds between separate futures and spread contract accounts.
The integrated TradingView charts support cross-tool analysis, and the crypto futures trading combines a real order book, deep liquidity, and advanced execution based on volume-weighted average prices ( VWAP ). The broker's handling fee is 0.01%, and the standard order-taking fee is 0.045%; for high-volume users, under the broker's VIP tiered pricing plan, the handling fee can be reduced to as low as 0.015%.
Adjustable leverage, as well as options for full-position or per-position margin requirements, allow traders to control their capital allocation and risk exposure. Traders can set stop-loss and take-profit orders when placing trades, and a preview of the closing price helps them assess risks before opening a position.
4. 24/7 trading of gold
Crypto holders are no strangers to markets that remain open on weekends. Gold is affected by many of the same geopolitical and economic development factors, but these events may occur outside of traditional trading hours, which are usually when the traditional gold market is closed.
The GOLD 24/7 tool provided on PXTrader 2.0 allows customers to open and manage gold positions 24 hours a day, 7 days a week, including Saturdays and Sundays. Traders who track unexpected weekend announcements can use this information to adjust their judgments or to modify their existing GOLD 24/7 positions accordingly.
This puts gold and cryptocurrencies on the same trading schedule, making it easier for traders to monitor both markets simultaneously and manage their positions in parallel.
5. Earn rewards through transactions
For active traders of cryptocurrencies, managing transaction costs is just as important as identifying opportunities.
Rewards Center of PrimeXBT allows customers to earn rewards through trading tasks and trading volume milestones, and then they can choose how to use their reward balances. Optional methods include: a cashback of up to 10% of eligible trading costs, trading bonuses for additional trading quotas, or obtaining a lower-priced VIP level for 30 days.
For users with high trading volumes, PrimeXBT's five-level VIP plan will gradually offer lower prices based on the trading volume of the past 30 days, and will automatically upgrade when customers meet the criteria. Benefits include a low handling fee of only 0.015% for crypto futures orders, a maximum 25% discount on spreads for PXTrader foreign exchange and contract for difference (CFD) products, with the initial spread for Bitcoin CFDs starting at $19, as well as a maximum 15% discount on exchange spreads.
New customers can experience these benefits through VIP Welcome. This discount will automatically activate a VIP4 level within the first 14 days after registration. The discounts include a 67% reduction on trading fees for crypto futures, a 20% reduction on spreads for foreign exchange and CFDs, up to a 50% reduction on spreads for gold and Bitcoin CFDs, as well as a 10% reduction on exchange spreads.
Combining rewards with VIP pricing provides customers with more ways to manage costs and to obtain additional value from trading activities.
More possibilities for encrypted traders
For crypto holders, judgments about the broader economy can be translated into trading opportunities, and their existing assets provide the funds to execute these judgments. This enables them to go beyond mere holding and explore different strategies in both traditional and crypto markets.
PrimeXBT Integrates these options together, allowing customers to decide more freely when to hold, when to trade, and how to make their crypto capital work effectively.
Start trading on PrimeXBT.
About PrimeXBT
PrimeXBT is a global multi-asset broker and cryptocurrency service provider that enjoys the trust of traders from over 150 countries. The platform connects traditional markets with digital markets in an integrated environment, redefining the versatility and innovation of online trading. Customers can trade CFDs on foreign exchange, indices, commodities, stocks, and cryptocurrencies, as well as cryptocurrency futures. They can also buy, store, and exchange cryptocurrencies. This unified experience is offered through its proprietary PXTrader 2.0 and MetaTrader 5 platforms, which are equipped with advanced risk management tools and a variety of deposit options for multiple cryptocurrencies, fiat currencies, and local payment methods. Since 2018, PrimeXBT has been committed to empowering traders through extensive multi-asset access, fair and transparent conditions, professional-level technology, and dedicated customer support. By combining professional expertise, trust, and a customer-first approach, PrimeXBT has set a high standard in the financial industry, providing traders with the tools they need to trade confidently, grow, and succeed.
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