Experienced traders and investors have had great success with using Cryptocurrencies as investment vehicles over the past couple of years. The market is still young and volatile, which can be portrayed as both an advantage and a disadvantage.
Today’s trading platforms
The supply of trading platforms and brokers offering their services is vast, yet very restrictive in the options and features they provide. Almost all of them do not offer any option to short Cryptocurrencies, which is one of the main parts of trading, especially in the bear market we are in right now. Also, they have bad margin trading setups and require time-consuming registration procedures.
Enormous inefficiencies in these exchanges are seen in the departments of customer support, DDOS protection systems and fund deposit/withdrawal options.
Due to great returns in the crypto market over the year of 2017 as well as no real reason to use the option to short Cryptocurrencies until recently, people have continued using the poor-designed and flawed trading platforms. Now that the innovation is due, people do not know the options they have. But what do traders and investors actually need?
Traders’ needs and desires
We can make a distinction between beginner and experienced traders.
Beginner traders appreciate fast registration processes (which will often exclude KYC procedure), user-friendly and helpful interface, and risk management tools more than anything, as they are still learning.
Experienced traders, on the other hand, would agree that the ability to short-sell and use leverage are extremely important to them. The option to hedge their investments in one way or another, as well as use other advanced features are a great bonus.
Flexibility is also a key factor when it comes to trading, as many traders travel and do not have their trading desks/setups near them at all time. But is there a platform that manages to fulfill all of their needs?
Introducing PrimeXBT
PrimeXBT is a new and revolutionary trading platform catered to the needs of experienced traders, yet easy to use and suitable for beginners. If offers many features, including:
- A leveraged position of up to x100 for both buying and short-selling Cryptocurrency pairs. The ability to use such leverage makes each trade up to a hundred times more profitable!
- No KYC process required! The PrimeXBT platform understands and values its user’s privacy, and does not require any identity verification process, making the process fast, easy and intuitive. Without the requirement of going through the KYC process, the platform has cut down the registration process to an average of only 40 seconds!
- An intuitive and beginner-friendly interface which makes each trade easier to execute, but also has great advanced options to suit the needs of experienced traders. It is fully customizable, and extremely fast.
- PrimeXBT also offers a matching engine and aggregated liquidity from 12 providers that ensure the best price execution and the ability to fill large orders as quickly as possible. This feature will solve the problem of low altcoin liquidity that some (if not all) big trading platforms have.
- Mobile app available for both iOS and android users. As having no geographic flexibility in trading is a big inconvenience, PrimeXBT has made it available to trade from virtually anywhere, so people are not bound to their trading desks and laptops.
- 24/7 customer support, located in both London and San Francisco. As cryptocurrency trading does not have downtime, neither has their customer support. The customer support desks are purposefully placed on the different parts of the globe, so all of the time zones are covered.
PrimeXBT is will be offering BTC, ETH, LTC and EOS pair trading, with the possibility of expansion their cryptocurrency trading pool. For early clients PrimeXBT offers one month of trading without any fees. Visit their website https://primexbt.com and apply for a free account.