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.
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?
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?
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:
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.
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