Ethereum is the second-largest cryptocurrency by market cap, but it was also the first blockchain to employ smart contract technology and is fueled by the coin, also known as Ethereum, or ETH.
Ethereum is a technology that has a lot of promise and potential which makes trading its native coin so appealing.Traders are able to trade against the US Dollar and Bitcoin on PrimeXBT with many different trading tools and strategies available.
PrimeXBT is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade Ethereum 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 Ethereum immediately. Alternatively, users may deposit their own Bitcoin to the PrimeXBT wallet BTC address.
Margin trading means that a trader has decided that they want to make a trade that is bigger than the capital they have, and look to the platform to borrow these funds in order to open a bigger Ethereum position. This leveraged margin trade then allows you to receive higher profits if the position goes the right way. However, the risk is that if the trade is unsuccessful the losses can be magnified too.
For example, If a trader takes a short position of 100 ETH on 10x leverage, and the price of Ethereum falls 3% the trader will earn a profit of 30 ETH. A similar spot trade without leverage would result in only 3 ETH 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.
Ethereum is a cryptocurrency and is extremely volatile due to the speculative nature of the asset. This caused the price of the asset to swing to extreme highs, then fall back to deep lows. This creates opportunities for traders to profit, but only if they have the right tools.
PrimeXBT offers ultra-fast order execution and tight spreads on all assets. Trading Ethereum on PrimeXBT enables traders to take advantage of all the trading tools needed to execute successful Ethereum trades.
Traders can rest assured their personal data and funds are safe at all times, due to PrimeXBT’s unwavering commitment to privacy and security. The platform features additional security features such as address whitelisting, two-factor authentication and much more.
With a highly customizable user interface, helpful widgets, how-to video guides and tutorials, a 24/7 support staff, and all the tools a trader could need, PrimeXBT is a one-stop-shop for new and experienced traders alike.
Ethereum is a smart-contract focused crypto-asset, a currency, and a supercomputer all in one. Ethereum was co-founded by Vitalik Buterin following his interest in Bitcoin. After realizing that Bitcoin had many inefficiencies, Buterin set out to create a new cryptocurrency to address many of the features Bitcoin lacks.
Like Bitcoin, Ethereum is built on blockchain technology, among the most exciting new financial technologies in the history of the world. Ethereum is the name of the blockchain protocol itself, while Ether, or ETH, is the native coin that powers the blockchain.
Ethereum was also the main platform for launching initial coin offerings through ERC-20 tokens, an Ethereum-based standard for issuing new crypto tokens. Because of this, Ethereum is among one of the most used crypto-assets and is often ranked the number two crypto-asset by market cap.
It’s free to open an account, and there is no obligation to
fund or trade.