PrimeBit, P2P crypto exchange which is a very popular alternative margin trading option, beats the competition with the maximum 200x leverage on its platform. Let’s find out more in the cryptocurrency news today.
The idea with P2P exchanges is to exchange derivatives with other members of the community with a clear flat fee. There are a few other crypto-futures platforms available but PrimeBit offers 200x maximum leverage offer. Margin trading is all about making good profits without having to risk a lot of money. The leverage allows you to open positions at a much higher level than you deposit. For example, a 10x leverage and $100 deposit can bring you to order worth $1000.
If the market goes the opposite way and you are trading with a 100x leverage, the funds may vanish quickly but luckily, you will get covered as the downside is limited by the size of the deposits and the upside is often unlimited. That’s why it is very important to understand that if a platform offers a 200x leverage, you can trade with a different margin on each account. Primebit offers 1x, 2x, 5x, 10x, 25x, 50x, 100x and 200x. This leverage is great because you can make a profit instantly despite the markets being stagnant.
The crypto contracts trading platform offers the highest leverage only if it can provide the best auto-deleveraging system that is able to close the position if the margin is too low to cover it. PrimeBit offers the best conditions but the runner-up changes depend on each cryptocurrency. Bitcoin is the most popular choice among the crypto contract traders and the platform offers a maximum leverage of 200x on BTC/USD while Binance takes second place with 125x leverage.
Ethereum contracts trading conditions are much more different. While PrimeBit offers great leverage, the competitors have lowered the standards and Binance has even cut the maximum leverage by 20 percent with a 100x leverage. The difference between the platforms increases when it comes to Litecoin. While PrimeBit offers a 200x leverage, Kraken crypto exchange also offers great conditions that are four times smaller than those of the leader. Apart from this, BitMEX can offer substantial leverage as well.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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