PrimeXBT Bitcoin trading with 100x leverage
PrimeXBT is a trading platform founded in 2018 that serves clients in more than 150 countries worldwide. The platform is a cryptocurrency derivatives exchange. That means that as a user you have the opportunity to trade Bitcoin and other large cryptocurrencies with leverage
Trading leverage is a type of investment that allows individuals to increase their investment by adding leverage. Leverage trading is one of the main functions of PrimeXBT. It is usually done by investors who are confident that the market will move in one direction or another in the near future
You can then choose between two things: go long or go short. Going long means betting that a particular cryptocurrency will increase in price, and going short means the opposite.
Let's say you have $ 20,000 USD on your trading account and $ 200 on BTC that goes long so the value goes up. You do this with 100x leverage. Once BTC increases in value by 10%, if you had only bet $ 200, you would have made $ 20 if you just had Bitcoin.
Now, while betting $ 200 with 100x leverage, you've made an extra $ 2,000 instead ($ 1,980 more than if you hadn't used your deal). On the other hand, if BTC falls in value by 10%, you will lose $ 2,000 USD ($ 1,980 more than if you hadn't used your deal).
Transaction costs
PrimeXBT offers a very low flat rate: 0.05% per transaction for cryptocurrencies. You also pay 0.01% for indices and commodities and 0.001% for Forex majors.
The other fee charged by PrimeXBT is the overnight financing fee.
As soon as your leverage position opens and closes within the same trading day, you do not have to pay the overnight financing fee.
This fee will only be charged if you take a position to the next day. If you close the positions before then, you will not pay them.
The overnight financing fee is dynamic. Click here to see the exact cost on the day.
Affiliate program
PrimeXBT also has a nice partner program, with four different levels. You will receive 20% of the trading costs of your direct referrals. 15% of your referrals who bring someone else back to the 2nd level. And so on!
When your referral trades and pays trading fees, you receive a commission. Let's say your new referral signs up and makes a trade of a value equal to $ 1000 in BTC. The trading costs are then 0.05% or $ 50 and you will receive 20%, which equals $ 10.
PrimeXBT Opens New Monetization Channel for Influencers And Resource Owners With New CPA Program
In addition to offering users a greater share of their referral’s commissions and offering affiliates the ability to earn revenue from their fourth-tier referrals, PrimeXBT also recently introduced a new and unprecedented CPA program that allows users to directly monetize their network or other traffic channels.
Users who want to participate in this program can chose from three different options that allow them to directly receive a consistent income from each client they bring to the platform, which could be particularly useful for influencers, bloggers, and website owners who are looking for ways to monetize their traffic and network beyond just using ads and sponsorships.
CPA participants who successfully generate leads can receive payments through a variety of different forms, including via a bank transfer, Bitcoin, Skrill, Neteller, and more.
The platform notes on their website that CPA partners who generate qualifying leads can receive anywhere between $950 per month if 10 traders are brought to the platform, up to $38,000 per month if 400 traders are inducted.
It is important to note that PrimeXBT has implemented Affise software to give partners deep insight into all the statistics surrounding their commissions, payouts, and all the engagement activity with their unique partner link.
As these programs continue to gain further traction, it is probable that the competition between the platforms will continue to heat up, which may lead to even more beneficial terms for prospective affiliates and partners.
Which Platform Should Prospective Affiliate Members Use?
Another key difference that potential affiliates should bear in mind when deciding which platform to sign up with is that PrimeXBT offers higher commissions from the referrals’ trading fees, with affiliates receiving 20% of all commissions from level one referrals, 15% from level two referrals (those referred to the platform by the level one users), 10% from level three referrals, and 5% from level four referrals.
Once again, PrimeXBT is offering a more enticing offer to prospective affiliates, which may allure significantly more traders to utilize the platform in order to bolster their bottom-line revenue.
According to PrimeXBT’s affiliate leaderboard – which transparently displays the earnings of all the biggest partners utilizing the platform – the top three traders have just under $1 million in combined USD earnings.
This is evidence that referral programs are gaining major traction amongst traders and influencers alike.
Create an account on PrimeXBT
Registering an account with Prime XBT is a relatively simple ordeal. What may surprise you is the fact that the trading platform allows the users to start trading without completing any kind of AML / KYC registrations.
- Go to the PrimeXBT website. Click here!
2. Select 'Register' in the top right headings.
3. You now enter your details.
4. Confirm your email address by clicking on the link sent to the entered email address and you can start!
