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PrimeXBT Review: Forex, Crypto, Commodities, and Indices at 1000x

PrimeXBT is a trading platform that is perfect for professionals, as well as first-time traders, and it’s crafted with a foundation of experience in traditional markets, which are presently going through a period of record-breaking volatility. Because of the platform’s roots deeply ingrained in traditional markets (although it got its start as a cryptocurrency exchange) it features a large list of traditional assets, and the tools available are more typically seen within traditional trading platforms. This reveals PrimeXBT as a unique proposition for traders, especially during the current economic conditions. Let’s see if the trading platform is worth signing up

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PrimeXBT is a trading platform that is perfect for professionals, as well as first-time traders, and it’s crafted with a foundation of experience in traditional markets, which are presently going through a period of record-breaking volatility.

Because of the platform’s roots deeply ingrained in traditional markets (although it got its start as a cryptocurrency exchange) it features a large list of traditional assets, and the tools available are more typically seen within traditional trading platforms.

This reveals PrimeXBT as a unique proposition for traders, especially during the current economic conditions. Let’s see if the trading platform is worth signing up for in this detailed and in-depth review.

PrimeXBT General Information and Details

PrimeXBT is registered and based in Seychelles but is available to any and all global traders.  The platform is highly safe, ultimately secure, and recently won a number of Forex Awards and the ADVFN award for Best Bitcoin Margin Trading Platform.

Registration is fast, and takes less than one minute tops. It also asks for no personal info and doesn’t require a KYC process.

Making a deposit is simple and easy; the smallest possible deposit acceptable is 0.001 BTC. Bitcoin may be deposited to a BTC address and wallet from any external account, or by using a third-party module and service known as Changelly.

After finishing the process in the Changelly widget, you may then transfer the newly-deposited BTC to your trading account and begin trading at your earliest convenience.

After your trading account is funded, select the Trade section to open the trading terminal to begin taking advantage of the platform’s advanced trading utilities.

Withdrawing funds can be done by visiting the Account section and making an internal transfer from their trading account back to the personal wallet. After an address is added to the BTC address whitelist and confirmed via email a withdrawal can be made.

Fees are very competitive and are as low as 0.001%. Most markets are open and available for nearly 24 hours, Monday through Friday, and cryptocurrencies trade around the clock, and even on weekends.Traders can work at reducing their fee impact and save more capital through a progressive fee discount system. Traders with 300 BTC trading turnover up to 600 BTC turnover, get 25% off, and those with more than 600 BTC turnover are offered 50% savings.

Outstanding Variety of Assets and Advanced Trading Tools

The variety of assets offered by PrimeXBT, all under one roof,  is simply incredible.

  • Over 50 assets across commodities, cryptocurrencies, forex, and stock indices
  • Many different commodities and a dozen of the globe’s most important stock indexes
  • Gold, silver, natural gas and oil
  • S&P 500, DAX, Dow and more
  • Over 25 major forex currency trading pairs: USD, JPY, AUD, etc.
  • 5 of the most important cryptocurrencies: BTC, ETH, etc.

The platforms that offer the greatest variety of trading instruments, also provide the greatest amount of profit opportunities and the best possible diversification of your asset portfolio.

The trading engine is rock solid, offering fast order completion and up to 99.9% uptime with very few outages reported to date.

The user interface is highly customizable and has serious aesthetic appeal. An intricate support center is brimming with helpful guides and useful tips.

The website is highly secured and passwords are encrypted. Bank-grade security protects all user accounts and data. Additional safeguards through address whitelist, email confirmation, and two-factor authentication further keep funds safe. And with no info ever required, your personal and private data is safe from leaks.

Leverage is offered at up to 1000x for forex currencies, and up to 100x on the remainder of assets on the platform including commodities, cryptocurrencies, and stock indexes.

Long and short positions are available, even at the same time allowing the building or hedge positions. Advanced order types such as stop-loss or take profit orders can be added when an order is placed or afterward if preferred.

Built-in charting tools round out the offering, but may be the most valuable tool of all. Traders can plan accordingly, then place orders directly by clicking on the chart itself.

PrimeXBT regularly introduces new innovative features, such as synthetic short-duration Bitcoin contracts called Turbo, and a new feature called the Coveesting Fund Management module.

Turbo lets traders take a break from stagnant markets and instead take short-duration trades consisting of just an UP or DOWN contract. These short-duration contracts can provide up to 90% profits in 30s seconds.

Covesting was just released in beta form, letting investors inject capital into the funds of top traders. These top traders take positions and profit from markets, letting the investors get a piece of the pie.

Recapping PrimeXBT’s Best Benefits

PrimeXBT is an ADVFN award-winning Bitcoin-based margin trading platform offering up to 1000x leverage on commodities, stock indices, forex, and cryptocurrencies.

Here are the platform’s primary benefits and features:

  • One minute or less registration, with no personal data required
  • 001 BTC minimum deposits, alternative deposit methods available
  • Bank grade security with additional protection features; reliable trading engine
  • Long and short positions and up to 1000x leverage on forex, crypto, stock indices, commodities
  • Built-in charting tools with technical analysis indicators 24/7 live customer service
  • Innovative tools such as Turbo and Covesting
  • Free mobile app for iOS and Android

Conclusion: Sign Up For PrimeXBT Today

The security is uncompromising, and privacy is a focus for the platform that doesn’t require a KYC process, or personal info. Because of this, signing up is quite fast.

Once you get started with a free trading account, the platform offers everything a trader needs to become profitable, including charting software, risk mitigation tools, a help center, and so much more.

Due to all of this and more, PrimeXBT is highly recommended for traders of every experience level and background.

This is a sponsored post. As it’s related to crypto trading, you should also read our risk warning. Read more in our editorial policy.

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Source: https://bitcoinsinireland.com/primexbt-review-forex-crypto-commodities-and-indices-at-1000x/

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MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

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Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency

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One of the few high-profile public officials to have served under both the Obama and Trump administrations, Chris Giancarlo is a former Wall Street executive-turn-regulator who is widely-respected by nearly all parties on Capitol Hill. As the former Chairman of the Commodities Futures Trading Commission, however, his latest venture, the Digital Dollar Foundation, might well test his soft touch with politicians.

The former regulator is now leading the Foundation towards five pilot programs set to launch this year, part of a broader effort to help the United States regain the lead in a race against China towards a functioning CBDC.

According to Giancarlo, however, the US’s priorities when it comes to a CBDC shouldn’t merely be jingoistic:

“What’s very clear, [is] that China intends their digital yuan to be an instrument of state surveillance. […] And this is why it’s one of the reasons why the digital dollar project, we’re so animated, because we feel that our new mission is to make sure central banks wake up to this and the US Fed wakes up to this, that these social values that got us here, the rule of law, a free capital markets, free enterprise, zones of individual economic privacy, are ingrained in a new digital future of the US dollar, and that we don’t allow ourselves to be taken in by what China’s doing and match that state surveillance approach.”

However, the race to a CBDC isn’t merely about maintaining current US values, but also potnetially about unlocking new forms of smart contract-based value for the wider population. 

“The notion of a digital currency, whether it be sovereign and non-sovereign, tied to smart contracts, allows money to solve the old problem of being able to move it in place, i.e. moving around the globe as easily as you could send a text message, but also move it in time. Heretofore, money was a temporal thing, but with a smart contract you can say, I want to program my money today to go to my one grandchild in the future once they graduate college and all of those contingencies can be programmed in. […] With a programmable digital currency, you can program it today to move around the globe in space, but move around the globe in time. And that is such, I think, such a powerful construct.”

Ultimately, this work is part of an effort to ensure that America maintains technological supremacy. 

“You can’t stop the march of technology in time, and if you do, you become a backwater. We in the United States have always been open to innovation and we must be open to this innovation as well. In a prudent way, in a way that’s in correspondence with our society that expects investor protections and a role for government. […] And it’s one that I’m very excited to be involved in.”

Watch the full interview here:

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Chris Giancarlo: U.S. risks becoming ’backwater’ without central bank digital currency

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Source: https://blockchainconsultants.io/chris-giancarlo-u-s-risks-becoming-backwater-without-central-bank-digital-currency/?utm_source=rss&utm_medium=rss&utm_campaign=chris-giancarlo-u-s-risks-becoming-backwater-without-central-bank-digital-currency

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Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

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