How to start trading Ether (Ethereum) with high leverage on on PrimeXBT? Table of Contents
What is Ethereum?
Ethereum is a crypto-asset focused on smart contracts, a coin, and a supercomputer all rolled into one.
Ethereum was co-founded by Vitalik Buterin following his interest in Bitcoin.
After realizing that Bitcoin had many inefficiencies, Buterin set out to create a new cryptocurrency to address many of the features that Bitcoin lacks.
Like Bitcoin, Ethereum is based on blockchain technology, one of the most exciting new financial technologies in the history of the world.
Ethereum is the name of the blockchain protocol itself, while Ether, or ETH, is the native currency that powers the blockchain.
Ethereum was also the primary platform for launching initial coin offerings via ERC-20 tokens, an Ethereum-based standard for issuing new crypto tokens.
Because of this, Ethereum is among one of the most widely used crypto assets and is often ranked as the second-largest crypto asset by market capitalization.
Trading Ethereum can often be more profitable than investing alone.
However, trading carries additional risks that must be taken into account when opening a position.
Make sure you are relying on proper trading strategy and careful risk management when building a position on Ethereum.
Trade Ether (ETH) on PrimeXBT
Trade Ethereum cryptocurrency on PrimeXBT with an easy-to-use interface and powerful trading tools.
Benefit from rising and falling prices with the ability to go long and short.
Ethereum is the second-largest cryptocurrency by market capitalization, but it was also the first blockchain to employ smart contract technology and is powered by the currency, also known as Ethereum or ETH.
Ethereum is a technology that has so much promise and potential that makes trading its native currency so attractive.
Traders can trade against the US Dollar and Bitcoin on PrimeXBT with many tools and various trading strategies available.
PrimeXBT is a cutting-edge online trading platform that offers traders all the necessary tools to buy, sell and trade Ethereum on the cryptocurrency market.
PrimeXBT introduces a third-party service called CEX.io that enables the exchange of other crypto assets, fiat currencies, and more for Bitcoin.
Also, users can buy Bitcoin with a credit or debit card to fund their trading accounts and start trading Ethereum right away. Alternatively, users can deposit their own Bitcoin to the PrimeXBT wallet’s BTC address.
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Why you should trade Ethereum with PrimeXBT?
Ethereum is a cryptocurrency and is extremely volatile due to the speculative nature of the asset.
This caused the price of the asset to swing to extreme highs and then fall back to deep lows.
This creates opportunities for traders to make a profit, but only if they have the right tools.
- Easy to get started
- Get started in minutes with a quick and easy registration procedure and a low minimum deposit.
- Low trading commissions
- Save on commissions! Benefit from PrimeXBT’s low commission rates and tight spreads while trading all available assets.
- Secure trading
- Enjoy PrimeXBT’s security features that will ensure that your personal data and funds are always protected.
- The best trading platform
- PrimeXBT’s award-winning software offers traders a variety of professional trading tools. Access cryptocurrencies, stock indices, commodities and currencies from a single account!
PrimeXBT offers ultra-fast order execution and tight spreads on all assets.
Trading Ethereum on PrimeXBT allows traders to take advantage of all the trading tools necessary to execute successful Ethereum trades.
Traders can rest assured that their personal data and funds are safe at all times, due to PrimeXBT’s unwavering commitment to privacy and security.
The platform features additional security features such as address whitelisting, two-factor authentication, and much more.
With a highly customizable user interface, helpful widgets, how-to video tutorials, and guides, a 24/7 support staff, and all the tools a trader could need, PrimeXBT is a one-stop-shop for new and experienced traders alike.
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How does Ethereum margin trading work?
Margin trading means that a trader has decided that he wants to make a trade larger than the capital he has and looks on the platform to borrow these funds to open a larger Ethereum position.
This leveraged trading margin allows you to receive higher profits if the position goes in the right direction.
However, the risk is that if the trading is unsuccessful, the losses can also increase.
Ethereum trading example with leverage:
For example, if a trader opens a short position of 100 ETH with leverage of x10, and the price of Ethereum falls by 3%, the trader will make a profit of 30 ETH.
A similar spot trade with no leverage would result in only 3 ETH earned.
Disclaimer: Margin trading also carries inherent risks if the position moves against the trade.
You should never use 100% leverage and never invest more than you can afford to lose.
Start Margin Trading on Ether with PrimeXBT
Please check PrimeXBT official website or contact the customer support with regard to the latest information and more accurate details.
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Please click "Introduction of PrimeXBT", if you want to know the details and the company information of PrimeXBT.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...