PrimeXBT recently released its V2.0 upgrade, revolutionizing the award-winning trading platform and enabling greater accessibility to the trading community. The upgrade was made to support the introduction of Ethereum (ETH) and stablecoin-based margin accounts but also includes a number of visual enhancements and interface improvements.
The following guide will reveal everything there is to know about what PrimeXBT V2.0 has to offer through the latest platform upgrade and new ETH, USDT, and USDC margin accounts.
Introduction: Welcome To PrimeXBT V2.0
Upon arriving at PrimeXBT’s website, users logging in for the first time since the V2.0 upgrade will be greeted with a welcome greeting with a message introducing the update, along with a few slides regarding all the new features.
The entirely reorganized dashboard now includes a Main account section that provides an at-a-glance look at all wallets, margin accounts, Covesting strategies or followings, and more.
Meet The New Main Page: All You Need At A Glance
From the main page, users can do everything from view balances to make a deposit or initiate a withdrawal, and more. Separate margin accounts can be created each for BTC, ETH, USDC, and USDT. Deposits are also available for COV tokens but are used for a utility explained later in this guide, not margin accounts.
To fund each account, users must make a deposit to each specific secure cryptocurrency address within PrimeXBT account dashboard, then move deposited crypto from the wallet to each margin account.
Beyond Bitcoin: New ETH, USDC, and USDT Account Currencies Added
Users are welcome to utilize newly added currencies Ethereum, Tether, or USD Coin, in addition to the Bitcoin-based margin trading that has earned PrimeXBT several awards in the past. The V2.0 upgrade has been fully integrated into the same internal trading engine, infrastructure, and account system
Anyone who isn’t already registered to PrimeXBT can register for a free account and get started with a low minimum deposit. Sign up takes less than a minute to complete.
More Detailed Information And Trading Within Margin Accounts
Isolated account details are available in each dedicated margin account, as well as access to trading any of PrimeXBT’s over 50 available CFDs on forex, crypto, commodities, stock indices, and more, all through each individual currency type.
All-New Reports Section: Accounting And Tax Reporting Made Easy
More detailed account information is available in an all-new reports section of the PrimeXBT website, which includes essential account details such as a log of all transactions which can be used for bookkeeping or tax reporting purposes.
Referral Section Refresh: New Users Generate New Currencies
Additionally, the referral section of the site has also been updated to support the newly listed currencies. Any users referred to PrimeXBT will generate a commission paid to the original referring user. Whichever account currency the new user trades with will generate commissions paid out in that specific currency.
PrimeXBT’s referral commissions pay out as much as 20% based on four different levels of referral depth. Easy-to-use referral links can be shared on social media, on forums, or shared with friends and family to generate added revenue in addition to trading alone.
Covesting Copy Trading Module Enhancements
The Covesting module has also received a facelift with the new PrimeXBT V2.0 upgrade, which also now supports ETH, USDC, and USDT in addition to BTC-based CFDs. The innovative copy trading module connects followers with strategy managers, who can earn profits through one another simultaneously.
Followers follow top strategy managers to copy their trades, earning when these more skilled traders close out their positions. Strategy managers make a cut of follower capital commissions, earning them success fees that can add up to a fortune.
Top Covesting traders have earned themselves millions in success fees while also generating millions more for their followers.
All traders are ranked on global leaderboards, highlighting their wins, loss, total profit, and other success factors. A five-star system keeps trades at the top of their game.
The new PrimeXBT V2.0 lets followers and strategy managers create and follow strategies using and of the newly added currencies, ETH, USDT, USDC, and BTC. Followers can only follow other like-currency strategies, further encouraging greater diversification within the Covesting community.
At the center of the Covesting copy trading module is the COV utility token, which can be used to unlock added benefits within the copy trading module.
Other Unique PrimeXBT Features: Turbo, Blog, Customer Service & More
PrimeXBT also offers another unique way to get positioned in the market with Turbo, as well as an analysis section with TradingView integration for technical strategies, risk management, and more. There’s also a tab for news and market information, and the company offers an official blog with tons of educational guides, trading tips, and more.
Beyond what’s on the surface, PrimeXBT is built on bank-grade infrastructure, highly secure, with accounts protected by two-factor authentication and address whitelisting. The platform boasts 99.9% uptime and has never experienced a hack, thanks to a unique wallet structure involving cold storage.
There’s also a 24/7 live customer support staff, ready and waiting to assist with any issues, along with a massive help center with tutorials and more.
Stablecoins For Added Risk Protection, Other Advanced Trading Tools
Using PrimeXBT V2.0, traders get the complete experience they have always wanted, all under one roof. The advanced trading platform has all the tools necessary for traders to become successful and keep risk at a minimum. Stop-loss orders and industry best slippage keep capital protected. Leverage and diverse access to markets ensure opportunity is high.
The introduction of USDT and USDC both allow traders to also immediately remove any risk associated with base currency account volatility – which Bitcoin and Ethereum are subject to. This is one of the many reasons for the PrimeXBT V2.0 upgrade and was a popular user request.
Trade CFDs On The Award Winning PrimeXBT Today
With PrimeXBT V2.0, traders can utilize BTC, USDT, USDC, and ETH for margin accounts and trade Bitcoin, gold, oil, the S&P 500, forex, and any of today’s most popular markets – digital and traditional – using an award-winning platform packed with the most advanced tools found anywhere.
Check out PrimeXBT V2.0 today.
Image source: cryptoslate
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