When we talk about successful trading platforms that break all records and develop dynamically, we mean projects that adapt to a rapidly changing world, such as PrimeXBT. Old traditions are giving way to the new. The world becomes different, and dinosaurs – accustomed to the stability and canvas platforms MT4 and MT5, which are used by almost all self-respecting traders of the Forex market – give way to young lions.
What is cryptocurrency?
Simply meaning, cryptocurrency can be understood as a digital currency. Different from conventional currencies, cryptocurrency can be used for virtual transactions or internet-based networks. To maintain security, cryptocurrency will be protected by complicated passwords.
Furthermore, this digital currency is decentralized. That is, there are no parties who become intermediaries in a transaction. Payments made using digital currencies take place on a peer-to-peer basis, directly from the sender to the recipient. Nevertheless, all transactions carried out remain recorded in the existing system on the cryptocurrency network. This transcription is carried out by cryptocurrency miners and will receive a commission in the form of digital money used.
Because it is decentralized, cryptocurrency requires computers with special and sophisticated specifications. Generally use the Blockchain platform so that digital currencies can be used for transactions. You can understand Blockchain like a big data book that contains a database, anyone can access this platform even though there is no virtual money transaction at all.
The type of cryptocurrency currently available
Basically, cryptocurrency has started to be developed since the 1990’s. However, about 10 years ago it was only popular among the world community. Currently there are several types of cryptocurrency that are widely used, including Cardano, Ethereum, Litecoin, Ripple, Monero, and the most popular is Bitcoin. In addition to the names of these currencies, there are still more than 1000 cryptocurrency now circulating throughout the world.
By its creator, Satoshi Nakamoto, Bitcoin was only created up to 21 million coins according to the agreed protocol. This number is predicted to not be mined until the year 2140. You can trade with Bitcoin through a computer, without an intermediary from a bank or other financial institution. Bitcoin miners tend to be minimal risk because they will not suffer losses due to counterfeiting or inflation like conventional currencies are printed.
The 21st century has spawned a new generation of people who are themselves federal reserve systems and issue money, which is also a means of payment, speculation, stock trading and privacy. This is the nature of the cryptocurrency.
When traders visiting this site, open their MT4 terminal, they may wonder what these Bitcoin-based trading pairs are or think they’re impossible to trade them using the low leverage offered by traditional providers.
However, PrimeXBT combines two approaches to exchange trading with different instruments: the traditional FOREX approach with large leverage and cryptocurrency, for a new generation of traders. The account balance is kept in Bitcoin with additional attention paid to the privacy of each trader. The leverage available on all traded cryptocurrencies is 100x, with currency pairs and precious metals (gold and silver) up to 1000x.
The balance of the platform is replenished with the help of BTC, as well as with the help of dollars, euros, and any of more than 130 cryptocurrencies anonymously thanks to the built-in exchange service Changelly. This is a plus for the apologists of cryptocurrencies, who believe that anonymity is good and dislike regulatory authorities to sticking their nose everywhere.
PrimeXBT allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
Prime XBT Spreads
Prime XBT offers very low spreads in all major and minor pairs.
To start trading with leverage and access all the platform’s features, you need to deposit Bitcoin to your personal Wallet.
Simply navigate to the Deposit section where you will find your Bitcoin wallet address and QR code. The minimum amount to deposit is equal to 0.001 BTC and there are no fees on deposits.
It’s quick, safe and easy!
PrimeXBT’s client base has increased so much during the year of the platform’s existence that the users of various products and active traders can be found in more than 150 countries across the globe. With so many different people entrusting their money here, there has to be something behind it.