A P2P platform for margin trading contracts for cryptocurrencies. Let me show you how it works.
First, you get access to several Bitcoin accounts. You can finance them with any sum (without minimums) and establish a different leverage. PrimeBit offers the highest maximum leverage in the market.
You can set leverage up to 200x. It means that you can buy a contract worth 200 Bitcoins with a single Bitcoin deposit or, to put it another way, you can open a position worth a Bitcoin at a price of $ 8,103 with just a deposit of $ 40.52. That is good! Especially if you get easy and fast Bitcoin transfers from anywhere in the world.
Operating with margin means accelerated gains, but also accelerated potential losses. This is how it works to get the highest leverage available in PrimeBit.
The asymmetry of gains / losses in PrimeBit
You can open a long position in PrimeBit (a purchase order) in BTCUSD for an exact value of $ 8,103. As I mentioned earlier, you only need a margin of $ 40 to do so. Let's look at the possible scenarios.
It is enough that the price rises only 5% to $ 8,508 so you can get a profit of 1000%, which in this case is $ 405.
Now, let's take a look at what happens if the market goes against you. For this highly leveraged position, the settlement price is very close to the entry price. It is enough for Bitcoin to fall at $ 40.51 to be removed from its PrimeBit position.
However, what he loses is only the $ 41 he invested: that is the only thing he risks, while he can easily earn 10, 20 or even 100 times more.
Reducing leverage
If you want to play more safely, you must use lower leverage. Let's take a look at a similar operation performed with only 10 times of leverage. In this case, you will need a much larger deposit. To open a position in PrimeBit that is worth a Bitcoin, you need to have a tenth of its entry price, which in our simulation is $ 810.30.
However, what you get in return is a much weaker margin of error, since the settlement price is $ 7,292.70. The price of Bitcoin would have to be so low for its position to automatically devalue.
Even so, you will get substantial profits if the market goes up, you can still get substantial profits. In case Bitcoin reaches $ 8,508, you get $ 405 profit. If you raise only 10% to $ 8,913.3, you will double your deposit!
If you want to make money in the cryptocurrency trade, you should definitely try PrimeBit. It is the only important cryptocurrency contract platform that works with MetaTrader 5, the most important commercial tools in the world.
Try PrimeBit with the MT5 desktop, mobile applications, or the MTB WebTrader from PrimeBit, where you can start operating without having to install anything. You can try PrimeBit with a fully functional Demo account or a Live account without minimum Bitcoin deposits.
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