0
Sponsored
136 views

PrimeBit P2P Cryptocurrency Trading Platform Offers 200x Leverage

  • Denis Sinyavskiy
    Sponsored

    Launched in August, PrimeBit cryptocurrency trading platform offers customers leverage up to 200x and other bonuses

PrimeBit P2P Cryptocurrency Trading Platform Offers 200x Leverage
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.

👉MUST READ

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

Crypto Trader on Bitcoin Price Action:

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.

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

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.

👓 Recommended articles
0
📰 News
2889 views

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

👉MUST READ

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

👉MUST READ

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings