EOS is one of the major crypto-assets that fuels the EOS.IO is a blockchain protocol, a smart contract platform that aims to eliminate transaction fees and perform millions of transactions a second.
On PrimeXBT, EOS can be traded against Bitcoin or the US Dollar to diversify the cryptocurrency portfolio of traders on PrimeXBT. Advanced trading tools and strategies are also available for EOS traders on the platform.
PrimeXBT is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade EOS in the cryptocurrency market. PrimeXBT features a third-party service called CEX.io that allows the exchange of other crypto-assets, fiat currencies, and more for Bitcoin.
In addition, users can purchase Bitcoin with a credit or debit card to fund their trading accounts and get started trading EOS immediately. Alternatively, users may deposit their own Bitcoin to the PrimeXBT wallet.
Margin trading is when a trader decides that they would rather borrow funds from the platform to leverage their position higher in order to make a better profit return with less capital put into the trade from themselves.
In other words, traders can create far bigger EOS positions than with the capital available on their account. This can of course lead to much higher returns, but equally, higher losses if the trade is not successful.
For example, If a trader takes a short position of 100 EOS on 10x leverage, and the price of EOS falls 3% the trader will earn a profit of 30 EOS. A similar spot trade without leverage would result in only 3 EOS earned.
Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.