We are now well into 2023, and the markets could finally turn around, so it is time again to start looking for suitable trading platforms that offer the flexibility to prepare for whatever is to come.
In this PrimeXBT review, we will highlight the main features of the platform and explain why more traders are choosing the leading margin trading platform and why this trend is set to continue.
Make a fresh start on 2023 earnings with PrimeXBT
In 2022, cryptocurrency exchanges and trading platforms have imploded left and right, causing contagion throughout the industry. As the dominoes fell, PrimeXBT took advantage of the exodus of users from other platforms and enticed users to return with long and short positions during a crypto winter.
But it’s a new year and a clean slate for the crypto market. From the riskiest altcoins to Bitcoin, asset prices are rising. Across traditional finance, the stock market is also showing signs of recovery, precious metals are climbing and oil has started to find support at current levels. It could be a very different year for traders, especially when trading with PrimeXBT.
Growing reputation and feature set, year after year
In the past year alone, PrimeXBT has won Most Trusted Crypto Asset Trading Platform in Crypto Expo Dubaiupdated its smartphone app for Android and iOS, and launched several new features focused on the Covesting copy trading community.
In the app, users can now buy crypto, trade one crypto asset for another to use as account collateral, and fully manage a copy trading portfolio as a follower or strategy manager. The app allows traders to stay connected to global markets from anywhere in the world there is an internet connection. It’s like keeping an advanced trading desk in your pocket.
Community-centric updates and copy trading set the stage
New co-vesting-centric features introduced more transparency and competition to the platform. Strategy managers now have their trading history made public, along with risk and success metrics such as max win rate and all-time profit. There is also a five-star rating system to highlight the safest traders.
Additionally, PrimeXBT released a Monthly Trader Report to recap the top five strategy managers each month in a variety of unique categories, ranked in order of performance. With more performance insights from top-ranked traders, subscribers can tap into up to 4,000% total ROI among the best the platform has to offer. Just click follow and automatically copy their transactions.
Long and short Over 100 different trading instruments
Some of what made PrimeXBT so successful in 2022 will continue to play a huge role in user growth in 2023. Leveraged long and short positions on crypto has helped keep traders nimble and profitable while the markets have fallen and will provide traders with more flexibility as the markets begin to recover.
Use BTC, ETH, USDT, USDC and other popular digital assets as collateral to trade cryptocurrencies, commodities, stock indices, precious metals and forex currencies. This means crypto traders can strategically hedge their portfolios with gold, oil, currencies, and more, all using one platform and one account.
PrimeXBT Trading Academy, weekly contests, charting tools and more
PrimeXBT provides other tools that eliminate the need to visit another platform. There is built-in technical analysis software with dozens of indicators and trading tools, a huge educational website called PrimeXBT Trading Academy, and the PrimeXBT Contests platform where users can participate in weekly trading competitions free of charge. risk for a chance to win crypto-based prizes. .
The assigned crypto can be used as seed capital or applied to trading accounts to supplement margin. Even better, the risk-free virtual funds granted to traders who use PrimeXBT contests allow them to practice trading without any risk of losses. The simulated market environment can even be used to test trading strategies and technical indicators.
Proprietary cold storage process and bank-grade security protect users
Deposits are made into a secure cryptocurrency wallet, protected by a proprietary cold storage process to ensure the safety of customer funds. This process only results in withdrawals once a day, but is worth the trade-off for the peace of mind. Accounts are further protected by a bank-grade security infrastructure.
There has never been a hack or scandal associated with PrimeXBT, and the platform itself offers up to 99.9% uptime. Traders never miss an opportunity and can react to market volatility whenever it suddenly arises. 24/7 customer service chat and a dedicated account manager are available around the clock.
Review Summary: Make the Most of 2023 with PrimeXBT
The most important themes of 2023 will continue to focus on capital protection and strategic positioning in case the market really heats up again and ends the ongoing crypto winter and bear market in the rest of the world. finance.
If the economy narrowly avoids a recession, the next phase could reach what economists call the Goldilocks area, where the balance between interest rates, inflation and the stock market is perfect. Be ready for anything with the power and flexibility of the award-winning system PrimeXBT Margin Trading Platform. Try it today and start your year off right.