PrimeBit P2P Cryptocurrency Trading Platform Offers 200x Leverage

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Wed, 10/09/2019 - 13:27
Denis Sinyavskiy
Launched in August, PrimeBit cryptocurrency trading platform offers customers leverage up to 200x and other bonuses
Cover image via primebit.com

Disclaimer: The opinion expressed here is not investment advice it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

According to the press release, the PrimeBit P2P Crypto trading platform enters the market with a special offer for its customers — leverage up to 200x. It is noted that competitors can offer only a 100x margin.

Main advantages

The platform should be accessible for wide use due to the absence of a minimum deposit and large leverage. Even having $50 on the balance sheet, you can make an order for $10000, the press release said.

Another distinctive feature of PrimeBit is the fixed point perpetual contracts with no expiry date. This is explained as follows:

“When you find a trading opportunity and open the right position at the right time, there are no limits for your profits. For example, if you make a BTCUSD “buy” order each time when the price goes up by $1, the value of your PrimeBit’s contract changes by 0.1 mBTC. It can go forever until you decide to close the position.”

PrimeBit uses the new trading software Meta Trader 5. In general, the following advantages of the platform can be distinguished:

  • Huge leverage up to 200x.

  • No minimum deposits.

  • Full-featured demo accounts.

  • Trade-in perpetual contracts without any limits.

  • PrimeBit Trade Calculator for convenient calculation of the main order parameters.

  • Meta Trader 5.

Some bonuses for partners

In addition, PrimeBit has an affiliate program. Using a referral link, a partner will be able to receive up to 20% revenue share on a lifetime basis. The partnership program is powered by a transparent real-time affiliate tracking software.

Related
Crypto Trader on Bitcoin Price Action: "Things Are Looking Bullish"

The platform began its work in late August and currently offers three types of perpetual contracts — BTCUSD, ETHUSD, LTCUSD. They are priced based on the Bitcoin, Ethereum, and Litecoin composite indices called fair price (price is built from multiple external sources). In the future, developers plan to expand the list of cryptocurrencies.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future, can be contacted at denis.sinyavskiy@u.today.


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