Trade Cryptocurrencies on PrimeXBT for a chance to win 8 Bitcoin

 

PrimeXBT Trading Platform allows you to trade Bitcoin as well as altcoins on more than 50 aggregate contracts including cryptocurrencies, ICOs and indexes, just to name a few. Here at PrimeXBT we want you to have an experience that’s both fun and rewarding, and with our new PrimeXBT Daily Giveaway we want to provide you the opportunity to win even more Bitcoin! By taking part in our daily giveaway all you have to do is to deposit 20 XBT or more and get one free entry ticket for the raffle! That’s right!

1) Introduction to PrimeXBT

Prime XBT is a trading platform based on Bitcoin that provides access to more than 50 aggregate contracts including cryptocurrencies. It has been in operation since 2014 and has an excellent track record of reliability. The various contracts are traded through the use of the MetaTrader 4 platform, which can be accessed through their web-based interface. 

There are no account limitations with Prime XBT, meaning you can deposit as much as you like without worrying about pre-set withdrawal limits. Furthermore, they offer both fiat and cryptocurrency deposits and withdrawals, so there is no need for you to exchange currencies when transferring money in or out. This simplifies everything for traders who have multiple currencies available at their disposal. Additionally, there are two types of crypto currency wallets - one called ‘Main’ and another called ‘Sub’. Trading Platforms: PrimeXBT offers a variety of trading platforms to choose from. These include Meta Trader 4 Web Terminal (MT4WT) and the mobile app, which supports iOS devices such as iPhones and iPads.

2) What is Bitcoin?

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by Cambridge University estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin . The number of active bitcoin users has grown significantly since 2013, when there were 300,000 to 1.3 million active users. In terms of total market value, as of March 2018 bitcoin's market capitalization was $138 billion higher than gold’s, which ranked second at $7 trillion after reaching its all time high at $1 trillion in June 2011. 

With the growing interest in cryptocurrencies and no physical backing whatsoever (unlike gold), it’s not surprising that many traders have started trading cryptocurrencies instead of traditional stocks or commodities like gold or oil which have traditionally been used as stores of value.

3) How to trade Bitcoin on PrimeXBT

You can trade cryptocurrencies on PrimeXBT by registering and depositing the currency you would like to trade. You will need a trading account and funds in order to trade. Deposit your cryptocurrency into your wallet and then wait for it to be verified before executing any trades. For example, if you want to buy or sell BTC, deposit it into your wallet first by clicking the Deposit button next to BTC in the sidebar menu. Once deposited, click Buy or Sell next to BTC in the sidebar menu. Fill out the form that pops up with what you want to buy or sell and enter how much of that asset you want (e.g., one bitcoin). The price is listed as the market rate at which we are buying or selling this asset. After entering all desired orders, select Next step. You will then be asked to review your information before submitting. If everything looks correct, submit your order! After submission you can see all of your open orders in the Open Orders tab at the top left-hand corner of the screen under My Orders. Remember that it may take several hours for an order to execute so don't worry if it doesn't show up immediately.

4) The benefits of trading Bitcoin on PrimeXBT

1. PrimeXBT is a trading platform that provides users with access to over 50 cryptocurrency contracts, including cryptocurrencies such as bitcoin and Litecoin. 2. The company also offers a demo account option, so you can test out your trading strategy before investing any of your own money. 3. They offer Bitcoin margin trading which allows traders to borrow funds from the company in order to trade more units than they could afford on their own 4. There's even an auto-liquidation feature that will sell off the trader's positions at market value if they are unable to repay their debt. 5. Withdrawals are processed daily and are available in EUR, USD, GBP or BTC 6. You'll need to supply KYC details like ID card copies and proof of address 7. In addition, deposits have an acceptance time between 24 hours and three days 8. All trades made through this platform must be approved by management prior to being executed 9. Once trades are accepted, there is a one minute execution delay 10. It's best to contact customer service prior to depositing money into your account 11. Finally, since this platform only deals with Bitcoin transactions 12 it does not require ID verification for withdrawals

5) The risks of trading Bitcoin on PrimeXBT

- It's easy to get scammed or hacked. 

- Not all cryptocurrencies are available on PrimeXBT. 

- There is no guarantee that you will make money by trading cryptocurrencies. 

- The cryptocurrency market can be volatile, which means prices can change quickly and without warning. 

- Trading platforms such as PrimeXBT could be closed in the future, meaning you may not be able to access your account or information from them. - If you don't fully understand how cryptocurrencies work then it may be best to avoid trading on these types of platforms. 

- You should always keep an eye out for any red flags when using these sites, like if the site looks like it was created hastily, seems fake or has spelling mistakes. 

- Always only enter into trades that you're comfortable with.

6) How to win 8 Bitcoin

PrimeXBT is giving away an 8 Bitcoin prize to one lucky trader. Here's how you can enter: 

-Sign up for an account with PrimeXBT 

-Fund your account with any amount from $10 USD to $500,000 USD 

-On or after 10/31/2017 trade any of the following cryptocurrencies: BTC, LTC, ETH, ETC, NEO, XMR, BCH , DASH, ZEC, DOGE, XLM and more.

-Enter the ticker symbol for that cryptocurrency in the trading window

-Your ticker will automatically be entered into the drawing! 

-The winner will be drawn on November 30th at 11pm PST and notified via email . We'll announce the winner on Facebook Live so be sure to tune in!

-One entry per person. Multiple trades are accepted but must have different symbols for each trade. 

-For complete rules, click here . Good luck traders!

7) Conclusion

Prime XBT is one of the first trading platforms based on Bitcoin that provides access to more than 50 aggregate contracts including cryptocurrencies. 

Now you can trade cryptocurrencies like you never have before. To find out more about this exciting platform, visit their website today. You could be in for an opportunity of a lifetime if you happen to get lucky and enter into one of these contests!

Make your way over now and see what’s in store! Who knows, you might end up as one of our newest winners! If not, no worries! The benefits of using PrimeXBT will still be there waiting for you to explore. We hope that we’ve managed to peak your interest enough so that you will at least visit the site and look around - it just may change your life forever!

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