Bitcoin is back at $20K and Ethereum remains under $2K per token. The brutal macro backdrop, rising interest rates, and a global economy on the brink of a recession has put the deep freeze on cryptocurrencies.
With crypto winter keeping traders frozen in fear and portfolios on ice, the only way to survive is with the power of the PrimeXBT margin trading platform. Here are all the ways PrimeXBT tools can help you protect capital and stay profitable during a painful downtrend.
How PrimeXBT Was The Hero The Crypto Market Needed
Born during the last crypto winter, PrimeXBT became a popular choice to short Bitcoin, Ethereum, XRP, and other top cryptocurrencies when prices were falling. Long and short positions kept traders profitable during the sideways phase, while allowing traders to hedge spot positions and build longs for the eventual bull market breakout.
Crypto winter is now back once again, and traders are flocking to PrimeXBT in search of salvation. What they find are some of the most advanced tools and powerful passive investing opportunities anywhere in finance. Between leveraged long and short positions and access to both digital and traditional assets under one roof, there is nothing quite like it in the crypto industry.
Traditional Market Experience Combined With Cutting Edge Crypto Services
PrimeXBT was built on a foundation of traditional market experience. This vast experience pushed the company to introduce stock indices, commodities, metals, and forex currencies as a way for traders to diversify their crypto exposure, connect to more trading opportunities, and potentially protect capital.
The list of trading instruments has grown to hundreds of assets, ranging from Bitcoin to the S&P 500, to gold, oil, and much more. Best of all, there is no need to sell your crypto — simply use BTC, ETH, USDT, USDC, or other cryptos as collateral to trade global markets.
Frozen In Fear? Covesting Is Here To Save The Day
For traders who are too frozen in place due to fear, knowing when to take a position when the trend changes once again can be overwhelming. Copying the trades of more talented traders isn’t only possible, it is easy with the Covesting copy trading module.
Connect with other top traders in the Covesting ecosystem by clicking follow. Review the ratings of each trader before making a decision on who to pick, or follow several skilled traders for a diverse portfolio of copy trading positions. Traders in the Wall of Fame have earned as much as 90,000% ROI in the past.
Take Pause For Passive Investing Alternatives At PrimeXBT
PrimeXBT is also home to passive investing tools like the Covesting yield account system. From directly within the PrimeXBT account dashboard, users can sync with top DeFi protocols and stake idle crypto assets to earn a variable APY.
Crypto rewards are paid out daily to the staking balance for compound returns. APYs have reached as high as 14% during peak market conditions and can be increased by up to 2x by activating a COV token membership.
Powerful Tools For Improving The Probability Of Higher Performance
Built-in technical analysis tools and a wealth of trader education from the PrimeXBT Trading Academy can also arm traders with the critical skills and expert trading strategies they need to improve during the bear market. When markets turn bullish again, you’ll be well prepared.
PrimeXBT Contests also allows users to win free capital by competing in no-risk trading competitions. Since there are no funds on the line, traders can backtest trading strategies and technical indicators and further increase the probability of success.
PrimeXBT: Everything You Could Need To Survive Crypto Winter In One Place
Everything you could possibly need to be profitable and more is here between the award-winning margin trading platform and mobile application. From start to finish, new users can get registered, make a deposit or buy crypto using a VISA or Mastercard, and start trading in a matter of minutes.
When survival is on the line and crypto winter hits, there is no better place to be than PrimeXBT.