What is cryptocurrency?
First of all, we need to understand what is the concept of electronic money?
Cryptocurrency is one of the most innovative and progressive technologies of the first half of the 21st century with its origins, history and explosion in public awareness, especially the financial community. on par with many other great inventions that came before it. In 2008, a research paper from an anonymous person (unknown as individual or organization) called “Satoshi Nakamoto” was released. Nakamoto’s newly created computational data structure called “blockchain” is based on ensuring that no one party has control over the system. On that basis, it will allow people around the world to transfer value peer-to-peer without face-to-face, without third parties, and even without mutual trust and without regulatory authority. system.
This new currency was named “cryptocurrency” by its creator and the first cryptocurrency was named “Bitcoin”. Along with the great development in today’s society today there are more than 3,000 cryptocurrencies in use around the world, but Bitcoin still holds the No. 1 position with more than 90% of the total value of all coins. cryptocurrency for many years and is one of the few most enduring cryptocurrencies. From being known only by a handful of enthusiasts to now it has penetrated the mainstream financial sector and received the majority of the public’s support around the globe and the number of people involved in the money electronics as well as the value of the market continues to increase exponentially.
Why has trading cryptocurrencies become so popular?
Cryptocurrencies have consistently outperformed all other financial assets throughout their existence, which has significantly fueled the relentless increase in the number of crypto traders and the number of investments flooded the global crypto-asset market. Trading with cryptocurrencies can be highly profitable, the constant volatility in the cryptocurrency market helps many investors to trade sustainably and profitably.
PrimeXBT trading provides a secure and reliable platform with the ability to execute up to 12,000 orders per second and advanced security features built into the platform such as multi-signature cold storage, whitelisting Mandatory Bitcoins, hardware security modules with FIBS PUB rating 140-2 or higher, and cryptographic hashing of all passwords and encryption of all sensitive data.
You can completely buy, sell and trade various cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc. on Primexbt trading easily.
You’ll get access to the global crypto market in minutes, trade the most popular crypto tokens, and work with our award-winning platform to improve your trading results. you will also enjoy parallel benefits.
Build your own professional cryptocurrency trading strategies with our easy-to-use charting software, which has over 50 technical indicators available. With the most powerful platform, the average order execution speed is below 7.12s, giving you the feeling of enjoying deep and fast liquidity.
PrimeXBT combines traditional trading tools with solid trading infrastructure, reliable software and a friendly interface that enables investors to quickly and securely trade long and short positions on Bitcoin, Ethereum, EOS, Litecoin and more.
Why you should consider trading cryptocurrencies?
Cryptocurrency trading is a highly profitable experience. Due to the speculative nature of these assets, their prices can fluctuate wildly and fluctuate widely within certain timeframes. It is very normal to see a cryptocurrency up or down by as much as 20% in a single day or within a certain timeframe.
Traders can protect their positions against strong market volatility using protection orders and have peace of mind when trading on a secure platform.
Why trade cryptocurrency with PrimeXBT trading?
Fast, safe, reliable.
Trade cryptocurrencies with a powerful, highly secure and reliable platform with a wide range of advanced trading tools and features.
Competitive fee schedule.
Low spreads, entry spacing and all other fees are very competitive compared to similar exchanges.
Intuitive, user-friendly interface.
Your trading interface is customized with features such as multi-screen functionality and a wide range of professional trading tools along with 24/7 customer care.
Advanced charting tools
Different chart types and more than 50 trading indicators and the ability to execute trades directly from the chart will make your entry easier than ever.
How does crypto margin trading work?
When traders decide to use margin trading for cryptocurrencies, they are essentially borrowing funds from the platform to increase the buying or selling power of their trades. Margin trading means that traders are only required to deposit a small percentage of the total value of a position.
In other words, on the PrimeXBT trading platform, traders will be able to trade positions larger than their margin, to increase profits this means. The profits can be very high and the risks will also be great.
Benefits of Cryptocurrency Trading with Leverage
In case you trade in the right direction, your profit will be exponential and vice versa, the loss can also increase unbelievably.
Thanks to leverage, the capital is not locked in one trade meaning they have more free capital to use in other trades.
Gained from the bear market
With leverage, investors will be able to profit from a bear market by opening a short position with leverage, which means they intend to sell high and buy back low.
Cryptocurrency Leveraged Trading Example
If the trader takes a long position of 1000 XRP on 20x leverage and the Ripple price increases by 3%, the trader will make a profit of 600 XRP. A similar spot trade without leverage would only earn 30 XRP.
Disclaimer: Margin trading also comes with certain risks if the position moves against the trade. So we recommend that you never use 100% leverage and never invest more than you can afford to lose.
What are the most popular cryptocurrencies?
Cryptocurrencies are now providing many unique functions and solutions for payment, buying, selling, storing, and gradually have loyal communities around the world, which are featured in news and media. rapidly evolving in popular culture.
Bitcoin is known as the king in the cryptocurrency world that has not been usurped by any force for many years. By price and market capitalization since its launch in 2009 it has remained at #1 and remains the most popular and talked about cryptocurrency in the world. Although there are still times of decline, in general, the Bitcoin price continues to increase every year and there is no noticeable drop.
Ripple is the company that owns and operates the XRP token, which is in the top 5 ranks of the market. XRP is a token that aims to revolutionize the world of banking. XRP drives transactions on the network enabling a fast, globally distributed way of exchange. Many major players in the banking sector have partnered with Ripple and as a result its price has skyrocketed in the last 3 years.
Behind Bitcoin, Ethereum also holds onto the #2 spot by market cap and has seen some of the highest ROIs for investors of any crypto asset in existence today. Ethereum is the first cryptocurrency to offer a system that makes more sense than just providing a way to transfer value. Ethereum executes code called “smart contracts” on its blockchain, allowing programs to run that can perform multiple functions.
LTC was first launched in 2011 and is currently the 6th largest cryptocurrency in the world by market capitalization and one of the oldest cryptocurrencies. If BTC is considered e-gold, Litecoin is called “silver” because it is created from the same token that runs on Bitcoin.The return of LTC to investors is a huge success.
What is Cryptocurrency Margin Trading?
Margin crypto trading is a type of derivative contract intended to amplify price movements. This makes for a much higher return but also increases the risk.
What are the risks of crypto margin trading?
Those who are inexperienced in risk management can lose their capital completely. However, the risk can be minimized by using the tools provided by PrimeXBT trading. Never invest more than you can afford to lose.