PrimeXBT Full Tutorial
Long or Short 50 Assets With Bitcoin
PRIME XBT, best margin exchange for Day Trading
How To Trade On PrimeXBT | Long Or Short +50 Assets With Bitcoin (FULL TUTORIAL & REVIEW)
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Apr 9, 2021
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PrimeXBT Full Tutorial
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FULL VIDEO TUTORIAL
00:00
what’s up my crypto legends in this
00:01
video we are doing a full tutorial
00:03
and review of the primex bt trading
00:06
platform
00:06
here you can trade 50 different assets
00:09
using bitcoin
00:10
ethereum us dollar coin or us dollar
00:12
tether as collateral i’m going to show
00:14
you
00:15
how to deposit your funds how to
00:17
withdraw also how to place a long or a
00:19
short order
00:20
basically buying or selling the market
00:22
with margin
00:23
how to place a market order a limit
00:25
order how to place your stop loss
00:27
your take profit and all of these
00:29
different features we’ll be going
00:31
through the turbo platform basically
00:33
this is something similar to binary
00:35
options you are betting that the price
00:36
is going to be above
00:38
or below certain levels in five minutes
00:40
10 minutes 15 minutes
00:41
i do not use this section of the
00:43
platform but i’m going to show you
00:45
because it’s here
00:46
the co-vesting module also here you can
00:48
copy trade
00:49
different traders you can see the
00:51
percentage that they are gaining in the
00:53
last month
00:54
or in the last week to see if it’s worth
00:56
to copy these traders
00:58
guys this is not a sponsored video i use
01:01
consistently this trading platform it is
01:03
one of my favorites
01:04
and i use it in my videos also and i
01:06
want to show
01:07
you how to trade with primex bt like
01:10
a professional let’s go straight into
01:13
the tutorial
01:13
[Music]
01:21
if this is the first time you are
01:22
signing up to the primex bt trading
01:24
platform make sure to
01:26
use my link in the description or the
01:27
pin comment you’ll be getting the best a
01:30
bonus available
01:31
and if you use bitcoin sensors 50 as
01:33
promotion code
01:34
you’ll be getting 50 in addition of what
01:37
you deposit i’ll be showing you
01:38
straight away and since the primex bt
01:41
trading platform doesn’t need any of
01:43
your private information
01:44
or kyc i know they are restricted in
01:47
some countries such as the united states
01:49
or united kingdom
01:50
you’ll be needing a vpn so if you use
01:53
the link in the description also of
01:55
nordvpn
01:56
you’ll be getting 70 off guys a huge
01:59
disclaimer this is
02:00
not any advice that i’m giving to you do
02:03
this at your own risk and said this
02:05
let’s go straight into signing up after
02:08
clicking the link in the description
02:10
this is going to take you to
02:11
this page where you are going to create
02:13
your account
02:14
this is going to take less than 30
02:16
seconds you are going to put your email
02:18
address here
02:19
you will be creating a password and
02:21
putting your cell phone number
02:23
over here you will accept the terms and
02:25
conditions
02:26
and then you just press into register
02:29
now that you have registered
02:30
this is going to be the main page where
02:33
you’re going to deposit your bitcoin
02:35
ethereum us dollar tether or us dollar
02:38
coin
02:38
the co-best thing i’ll explain
02:40
afterwards in the tutorial
02:42
say you want to deposit some bitcoin but
02:44
first
02:45
you want to claim your bonus so you’ll
02:47
go up here to margin
02:48
and then click on account and at the
02:50
bottom right here you will see
02:52
promotion code here is where you want to
02:54
put bitcoin
02:56
census 50 to activate your promotion
02:59
code and
03:00
once you press an active you scroll down
03:03
and here you will see
03:04
your promotion code activated as you can
03:07
see the name
03:07
bitcoin census 50 and you will have 50
03:11
in addition of what you deposit so if
03:13
you deposit 1 000
03:15
worth of bitcoin you’ll be getting 500
03:17
on top of that to trade with guys
03:19
so now let’s go and deposit your bitcoin
03:22
here we’ll click back into main account
03:24
once you’ve activated your promotion
03:26
code
03:26
and let’s go to deposit your bitcoin
03:29
this is going to be your primex bt
03:31
bitcoin wallet address as you can see
03:33
you have the qr code
03:35
and below you have the address also if
03:37
you don’t have any bitcoin to send to
03:39
your primex bt wallet
03:40
you can buy bitcoin directly from the
03:42
primex bt platform here where it says
03:44
purchase btc you will click here and
03:47
here you can purchase bitcoin with visa
03:50
or mastercard you will choose the
03:51
currency from your country
03:53
and here for example we want to use a
03:55
visa or a mastercard
03:56
the fee is going to be five percent and
03:58
you just click here on to buy
04:01
say for example you want to buy one
04:02
thousand dollars worth of bitcoin it is
04:05
going to give you 0.0178
04:08
btc you will just click here and dubai
04:10
you put your email address the country
04:12
and as you can see the steps here then
04:14
on the third step you will put your
04:16
credit card details and then
04:18
finish the purchase and now you will
04:20
have your bitcoin and your main account
04:22
now that i’ve showed you how to deposit
04:23
your btc on your main account i’m going
04:26
to show you how to withdraw
04:28
you can see the withdrawal button just
04:29
on the right side of deposit you can
04:31
click there and then you can see you
04:33
will choose your destination address
04:35
so you will put your bitcoin wallet
04:37
address here and then you’ll be sent
04:39
an email from primexpt so you can
04:41
confirm the wallet address
04:43
and then you will choose the amount
04:45
let’s just go with maximum in this case
04:47
the transfer fee would be 26 in bitcoin
04:50
in this case
04:51
and note that primex bt processes all
04:54
pending withdrawals
04:55
once a day between 12 and 2 utc guys so
04:59
if you want to withdraw after 2 utc
05:02
then the withdrawal will be the next day
05:05
in between
05:06
12 and 2 utc now you’re ready to
05:09
withdraw
05:10
your funds you will just click here and
05:11
do submit to withdraw
05:13
now with the funds in the main account
05:16
we want to fund
05:16
our trading account we’ll go to the top
05:19
left here
05:20
where it says margin we’ll click on
05:22
margin and go to margin
05:24
btc and then we’ll go to the top left
05:26
and click here on to account
05:29
and this is where you will have your
05:31
trading fund so you want to pass
05:33
your btc from your main account all the
05:36
way
05:36
to your trading account so you will fund
05:38
your account here where it says
05:40
in the green fund account we’ll click
05:42
here and then say i want to fund from my
05:45
main account
05:46
0.1 btc to my trading account i’ll press
05:50
transfer and because i have the bonus of
05:54
bitcoin sensors 50
05:55
activated as you can see here the bonus
05:58
is 0.05 so that from the 0.1 btc
06:03
they have given me 0.05 bitcoin to trade
06:07
with a guy so
06:08
in total i have 0.15 bitcoin as you can
06:12
see this is my balance
06:13
and they’ve given me 0.05 btc to trade
06:16
with
06:17
so from 5 200 i’ve gone to
06:20
seven thousand nine hundred and nineteen
06:22
dollars to trade with this is the buying
06:24
power
06:25
that i’ve got now for my trading quick
06:27
note you will never
06:28
ever be able to withdraw this bonus this
06:31
is only to add to your buying power you
06:33
can withdraw the gains of
06:35
this so your equity now with the bonus
06:37
is point
06:38
15 and your balance is 0.1 as you can
06:41
see so
06:41
if you gain 0.01 btc
06:44
with your total equity this will be
06:46
added to your
06:48
balance it will be point 11 guys this is
06:51
just for buying power also if you
06:54
withdraw
06:54
all of your funds from your main account
06:57
on prime xbt
06:58
you will lose your bonus you will always
07:01
have to have
07:02
a small percentage of bitcoin inside
07:04
primex bt
07:05
to preserve this bonus guys just in case
07:08
next week you want to add one bitcoin to
07:11
your primex bt
07:12
wallet then you can fund your account
07:14
and with that bitcoin
07:16
they will give you half a bitcoin for
07:18
buying
07:19
power guys the maximum bonus that you
07:21
can receive here is half a bitcoin so
07:23
you deposit one bitcoin
07:25
you can receive half a bitcoin on top of
07:27
that making a total equity
07:28
of one and a half bitcoin you cannot
07:31
deposit two bitcoin
07:32
and you will not receive one bitcoin on
07:34
top of that the maximum
07:36
is half a bitcoin guys now that you have
07:38
your bitcoin
07:39
in your trading account and your bonus
07:41
let’s go and learn
07:42
how to trade here at the top left under
07:45
account we’ll click
07:46
on trade this is the interface that
07:48
you’re going to see
07:49
by default and as you can see here you
07:52
will have your balance which is 0.1 btc
07:55
your reward which is your bonus .05 btc
07:59
your total equity unrealized profit and
08:02
loss this is when we start trading
08:03
used margin and available margin as you
08:06
can see this is all your available
08:08
margin point 15 btc
08:10
and available margin is now 100 so you
08:12
can do multiple trades and it will tell
08:14
you how much margin you have available
08:17
for other trades now i want to go
08:19
through with you with
08:20
regular trading one-click trading and
08:22
double-click trading i always have it on
08:24
regular trading what does this mean well
08:27
when i want to place an
08:28
order and i want to place a buy order
08:30
for example
08:31
i will prepare my order and once i send
08:34
the order
08:35
i will get a confirmation box okay and
08:38
then i’ll click
08:38
and confirm and then the order is in the
08:41
market
08:42
but if you click on one click trading as
08:44
you can see i can change it
08:46
here on the top left beside balance i
08:49
can click
08:49
one click trading if i click on one
08:52
click trading
08:52
i will not get a confirmation box once i
08:56
click the buy or the sell
08:57
order i will directly enter the market
09:00
and if i click on double click trading
09:02
well this is just to make it
09:03
a little bit more secure with two clicks
09:06
from your mouse
09:07
you will confirm the order to get into
09:09
the market
09:10
i always have it on regular trading
09:12
because i like to see the confirmation
09:14
box before
09:15
my order enters the market and now is
09:17
the time
09:18
where we start trading i’m going to
09:20
explain to you step by step
09:22
how to use margin trading maybe you are
09:25
used to some other platforms
09:27
like buy bit femix or judex where they
09:30
use
09:30
isolated they use 5x 10x 20x
09:34
and this is margin trading but so you
09:36
can get an idea i will show you say i
09:38
want to place a buy order
09:40
okay and with margin trading you have
09:43
the amount here you do not
09:44
choose the amount of leverage by 5x 10x
09:47
20x so for example just to do a quick
09:51
calculation
09:52
if i have 0.15 btc available
09:55
and i want to do like a 10x like on
09:58
isolated on by bit
10:00
what i would do is multiply this by 10
10:03
so if i have 0.15 available by 10
10:07
is 1.5 bitcoin okay so this would be
10:10
like
10:11
doing a 10x with my total equity
10:14
the total margin i am using is 0.015 btc
10:19
as you can see and if i wanted to do
10:21
100x which i do not recommend
10:24
anyone i would multiply my total equity
10:26
which is 0.15
10:28
by 10 and that would make 15 btc and as
10:32
you can see i am using my
10:34
total equity my total margin is 0.15
10:38
and this is what i’ve got available i do
10:40
not recommend
10:41
this the thing about margin trading is
10:44
that you do not have you do not have a
10:46
liquidation price
10:47
what you have is available margin okay
10:51
so if your position goes against you
10:54
and it goes minus your available margin
10:57
you will be
10:58
liquidated your entire position will be
11:01
lost
11:01
so it is not recommended to use your
11:03
entire position your entire margin
11:06
so say you want to go a 5x or a 10x for
11:08
example
11:09
so from 0.15 btc we want to use
11:14
one btc which would be about an 8x so
11:17
then you’re using 0.01 btc
11:20
which is not even 10 of your entire
11:22
margin so you have
11:23
90 available margin so if the position
11:27
goes against you 10 20 15
11:31
then you have a lot of margin then you
11:33
won’t get stopped out you won’t
11:35
get liquidated your margin
11:38
is your liquidation price if the price
11:40
of bitcoin or whatever
11:42
other asset goes against you more than
11:44
your margin
11:45
you will be eliminated from the market
11:48
guys so you always
11:49
have to have margin in your equity
11:52
now that i’ve showed you how margin
11:54
trading works let’s go and place a
11:56
market order there’s two ways how to do
11:58
this
11:58
you can go to the top left here from the
12:00
chart and as you can see there’s a sell
12:02
button or a buy button
12:04
and you can choose the amount of
12:05
contracts right here another way of
12:07
doing it is pressing
12:08
right click of your mouse and pressing
12:10
buy or sell as you can see here
12:13
you will get this confirmation box out
12:15
as a new order
12:16
we can see the symbol btc us dollar this
12:19
is the one
12:20
on the chart and we want to place a
12:22
market order
12:24
okay the minimum amount is .01
12:27
btc as amount of contract and your
12:30
margin
12:30
impact is going to be 0.0001
12:34
btc this is the amount that’s going to
12:36
be locked from your equity for
12:38
this position here we can see that we
12:40
can place the stop loss and take profit
12:42
okay let’s go with stop loss if we’re
12:45
going to enter at 58
12:46
500 range we want to place a stop loss
12:50
if this is
12:50
a sell order we’ll go with 59 000
12:54
and the take profit at 58
12:57
000 okay and here we’ll see how much
13:01
they’re going to take
13:02
off your equity if you lose the position
13:05
or
13:05
if you win the position as you can see
13:07
it’s a very small
13:08
amount just because of the tutorial
13:11
let’s go and
13:12
send the order and let’s go with confirm
13:16
market order
13:17
and as you can see i am straight
13:20
in the market right here where you can
13:22
see this bracket
13:23
okay if you want to move your stop loss
13:26
and take profit you can just
13:28
move the bracket you will get a
13:29
confirmation box modify position
13:32
you just click on here and confirm and
13:34
you can move
13:35
your take profit and stop loss from here
13:38
guys
13:39
if you want to close straight away this
13:41
position
13:42
let’s go up to this x right over here or
13:45
this cross or this plus sign to add
13:48
another workspace here we’ll go on
13:51
positions okay because we have a
13:53
position
13:54
open we click on positions and as you
13:56
can see this is added to the chart we
13:58
can move it around
13:59
as we wish and if we want to move it to
14:02
the downside here
14:04
we can just click on here and then drag
14:07
it
14:07
to the downside like this and
14:10
as you can see we have an x here at the
14:13
very end
14:14
of your position we can see the position
14:16
is here
14:17
open and if we click on this x right
14:21
over here
14:22
this will close the position you will
14:24
have a confirmation box
14:26
you will just click here on closed
14:28
position you will get the confirmation
14:30
box and click
14:31
on to confirm and now your position
14:34
is closed remember guys if it’s your
14:36
first time signing up for primexpt make
14:39
sure to use
14:39
the link in the description or the pin
14:41
comment you’ll be receiving 50
14:44
bonus added to your deposit by using
14:46
promo code
14:47
bitcoin census 50 guys if you’re signing
14:50
up
14:50
from the united states or the uk or some
14:53
other countries
14:54
that might have a restriction guys you
14:56
will have to use a vpn there’s a link
14:58
also here you’ll be getting 70
15:00
of this nord vpn do this at your own
15:03
risk guys
15:04
this is not financial advice and
15:06
remember
15:07
if you’re interested in reading through
15:08
the primexpt tutorial there’s a link in
15:11
the description
15:12
of the bitcoin center’s website if you
15:14
go to the very top
15:15
into guides you can see we have a prime
15:17
xpt
15:18
tutorial if you click on here we have
15:20
the full
15:21
prime xpt tutorial here also so you can
15:24
go
15:25
through it guys for example we can go on
15:27
how to enter a prime
15:29
xbt trade and it will tell you exactly
15:32
how you can trade on primex beta here
15:35
reading through
15:35
choose an order type and here it will
15:38
show you step by step
15:39
on how to place a trade now that we have
15:42
created a market order i’m going to show
15:45
you how to place a
15:46
limit order market order as i showed you
15:48
is you get
15:49
directly into the market and with a
15:51
limit order you’re going to wait for the
15:53
price
15:54
to come to your order to your limit
15:56
order
15:57
okay so say if i want to buy now the
15:59
market
16:00
and place a limit order with this amount
16:03
of contracts i want to buy at 58
16:05
530 right the bitcoin price is now at 58
16:10
800. okay so i want to buy at this price
16:13
level
16:14
we’ll place the stop loss okay say at um
16:17
58 000 and the take profit
16:20
at 59 000 just for the sake of the
16:23
tutorial
16:24
and we will send the order we will
16:27
confirm
16:28
and as you can see the bracket is here
16:31
okay with this
16:32
with the take profit and the stop loss
16:35
every time you want to move the bracket
16:37
closer to the price if you wish to
16:40
there’s a going to be a confirmation an
16:42
edit box okay you will edit it
16:44
and you will confirm it so you can move
16:47
your bracket wherever you want once the
16:50
price
16:50
hits this bracket you are going to enter
16:54
with a buy order in this case into the
16:57
market
16:58
so if you want to cancel this order you
17:01
will just go here
17:02
here you can create the brackets like i
17:04
showed you the windows at the beginning
17:06
of the tutorial
17:08
so i’ve created one with orders and
17:10
another one with positions well we go
17:12
with the orders because it’s not
17:13
triggered yet
17:14
and if you want to cancel you will just
17:16
click on this
17:17
x right over here and confirm and now
17:20
back into the charts we can see that the
17:24
bracket
17:24
your order has been cancelled now that
17:27
we have gone through the limit order
17:30
we are going to go through the stop
17:32
order okay
17:33
say if i want to sell just below the
17:35
price right here
17:37
if i use a limit order this won’t let me
17:41
trigger my price because a limit order
17:43
is to put above
17:45
the price if i’m going to sell or if i’m
17:47
going to buy
17:48
below the price okay but say if i want
17:51
to trade a breakout in this case there’s
17:53
a symmetrical triangle
17:54
and i want to break out here from this
17:57
resistance area
17:58
and i want to place a buy order on top
18:01
of the price
18:02
and the sell order below this support
18:04
area
18:05
so i want to sell at fifty eight
18:07
thousand
18:08
two hundred dollar range okay then i’ll
18:10
use a
18:11
stop order guys okay we are going to
18:14
sell
18:14
at fifty eight thousand two hundred
18:18
now the current price is fifty eight
18:19
thousand seven hundred and fifty
18:21
and you could place a stop loss and but
18:24
in this case we won’t
18:25
so i’ll just send the order i will
18:27
confirm and we can see that the bracket
18:29
is here
18:30
okay just below the support area
18:33
and say i want to place a buy order on
18:36
top of this support area so when the
18:38
price
18:38
breaks this support area then i’m going
18:41
to enter the market
18:42
so i want to buy at 59 500.
18:45
so as you can see a limit order it won’t
18:48
let me because it wants me to put a
18:50
limit order below the price
18:52
but i want to trade a breakout and i’m
18:54
going to put a stop order
18:56
and i want to enter at 59
18:59
500. okay you can place your stop loss
19:02
and take profit over here
19:04
if the order is triggered so i’ll just
19:06
send the order
19:08
confirm and the order is here as you can
19:10
see
19:11
so you can move this up and down and you
19:13
can just put edit
19:14
and confirm as you can see i have the
19:17
sell order right here
19:19
and the buy order right over here okay
19:22
so once the market breaks this
19:24
resistance or the support
19:26
well it will trigger my order in this
19:29
case this one to a cell
19:30
and this one over here for a buy order
19:33
guys
19:34
and if you want to cancel your orders
19:37
just go here into orders and
19:39
cancel confirm cancel and confirm
19:42
and now the brackets are not here now
19:44
that we’ve seen the stop order we are
19:46
going to go through the oco
19:48
order which is one cancels other okay if
19:51
you are breakout trader
19:53
then if you want to break out this
19:55
resistance and enter a trade
19:57
or break out this support area and enter
20:00
a trade
20:01
this resistance to buy and the support
20:04
to sell
20:04
well you probably want the other one to
20:06
get cancelled
20:08
immediately once one is triggered so
20:10
this is what the oco orders
20:12
one cancels other if you want to place
20:15
an order
20:16
from the breakout of this resistance
20:17
we’ll go with a buy order here
20:20
and here you can choose the oco
20:23
order as you can see one cancels other
20:25
we’ll click on here
20:27
and this is the amount of contracts and
20:29
as you can see there is
20:30
two options okay there’s one and two so
20:33
for example on the first one you want to
20:35
place a buy
20:36
order and you want to place a stop
20:39
order and here we will go with
20:43
59 000 for example just above the price
20:46
of bitcoin which is now at 58
20:48
700 and this other one a sell order
20:52
okay a stop order also and we will go
20:55
with
20:56
58 000 okay so if the price of bitcoin
21:00
is now at 58
21:01
700. we have this one to sell and this
21:04
one to buy
21:05
above the price once one is triggered
21:08
the other one will be cancelled
21:10
automatically you will send the order
21:12
confirmation box
21:14
and as you can see one is above the
21:16
price okay we’ll put this one a little
21:18
bit more above
21:19
just there we’ll confirm and this is the
21:22
buy order and this right here is the
21:24
sell order
21:25
once the price goes to this order one
21:27
will be triggered
21:28
this one for example for a sell order
21:31
once this one is triggered
21:32
this one’s going to be cancelled
21:34
automatically guys
21:36
now we’re going to cancel the orders we
21:38
just go here cancel the orders
21:40
and they will both be cancelled here on
21:42
the chart
21:43
now that i’ve showed you all the order
21:45
types if you’ve forgotten to place
21:47
a stop loss or a take profit on your buy
21:50
order or your sell order
21:51
let’s go for example buy order and put a
21:54
market order and the minimum amount
21:56
which is
21:57
0.01 by order and you forget to
22:00
place your stop loss and take profit
22:02
here okay
22:03
like i showed you in the market order
22:06
well you can
22:06
you will send your order confirm and now
22:09
you
22:10
are in the market without a stop loss
22:12
and a take profit
22:13
the way to place a stop loss and a take
22:16
profit would be just
22:17
double click here on your order on your
22:19
bracket order
22:20
and as you can see you can place your
22:22
stop loss and take profit here you click
22:25
on the square and then you will choose
22:27
your stop loss so
22:28
say for example at 59 000 and
22:32
another one here take profit at 60
22:35
000 okay as you can see the brackets are
22:38
in here
22:39
straight away you can actually move them
22:41
before confirming
22:43
your position as you can see i’m moving
22:45
my stop loss and also i can move my take
22:48
profit
22:49
and then i’ll modify the position and
22:51
confirm
22:52
and once once i click here on the
22:54
bracket we can see that the stop loss
22:56
and the take profit
22:57
are here on the chart guys if you want
22:59
to close your position straight away
23:01
remember we can just go on to the window
23:03
of positions this is the window that i
23:05
made here you can click here on this
23:07
plus sign and then click on here
23:09
and you can add positions orders so i
23:11
clicked on position and i have a window
23:13
with my positions
23:14
go at the very end over here and press
23:16
on the x
23:17
and then close position and confirm
23:20
now let’s go through the workspace where
23:22
you’re going to place your different
23:24
orders you will have your charts your
23:26
order books your watch list and rest of
23:28
it
23:29
as you can see the windows right over
23:30
here this plus sign will add as many
23:33
windows as you wish
23:34
so say in this window you want to have
23:36
your charts
23:38
so you will write charts right over
23:39
there you will click here onto the
23:41
charts window and then you will click
23:43
this plus sign or this cross
23:45
to add the charts as you can see here
23:47
you can add
23:48
two charts so you click two times and
23:51
then as you can see
23:52
there are two charts here so you can
23:54
have two charts in the same
23:56
monitor you will choose btc us dollar
23:58
for example
23:59
and in this other one you can have
24:01
ethereum us
24:02
dollar so as you can see i have btc
24:05
you’re still on the left
24:06
and b and ethereum us dollar and the
24:08
right if you want to add
24:09
two other charts you can click here and
24:11
click twice
24:12
and you will have two four charts in
24:15
total
24:16
as you can see this is totally
24:18
customizable you can get
24:19
the chart and move it around so i want
24:21
to place it here
24:23
this chart i want to place it right
24:25
there
24:26
and this one i want to place it down
24:29
over here so then i have
24:31
four symmetrical squares and you can
24:34
choose
24:34
all the different assets here as you can
24:36
see on the top left
24:37
of the of the charts now that i’ve
24:40
showed you how to have multiple charts
24:42
in the screen
24:42
if you want to delete them you just
24:44
press this cross right here
24:46
i have one chart here and i want to show
24:48
you the different features
24:49
you can see the sell button the buy
24:51
button will go through this right now
24:53
once we start trading
24:54
you can choose the time frame on your
24:56
candlesticks five minutes one minute
24:58
whatever you wish
24:59
you can change your candlestick to bars
25:00
to line also you have all the different
25:03
drawing tools right here fibonacci
25:05
retracement
25:06
you have trend lines so also the other
25:08
thing that i don’t like very much from
25:10
primex bt is the volume comes as default
25:13
at the back as you can see here also a
25:15
macd
25:15
i do not trade with macd but this comes
25:18
as default onto the chart
25:20
in the lower part we can see you can
25:21
zoom in and out
25:23
with the time frame and that’s about it
25:26
with the charting and as i mentioned in
25:28
the intro you can trade
25:30
up to 50 different assets on primexpt if
25:33
you want to create another window here
25:34
with the workspace say if you want to
25:37
have the watch list you will
25:38
click on the x here and you’ll click on
25:40
watch list here you can see
25:43
the 50 different assets that you have to
25:46
trade with
25:47
using bitcoin as collateral you can use
25:49
ethereum
25:50
us dollar tether and us dollar coin now
25:52
as collateral as you can see
25:54
btc us dollar you have eos us dollar
25:57
litecoin us dollar you also have forex
25:59
you have euro us dollar the british
26:02
pound against the us dollar all of these
26:03
different ones
26:04
and also you can trade commodities
26:06
you’ve got oil natural gas
26:08
gold and the traditional stock markets
26:11
also you have the s p
26:12
500 nasdaq you have the german 30 which
26:16
is dax 30 the german stock market guys
26:18
all of these assets to trade with using
26:21
bitcoin
26:21
as collateral now that we know how to
26:24
place the different positions
26:25
into the market we are going to talk
26:27
about fees and funding rate
26:29
if you go to the home page of prime xbt
26:32
and you go to the top where it says
26:34
about and you can see
26:36
fees and conditions if you click here we
26:38
can scroll down
26:40
and it will tell you all the fees and
26:42
conditions and funding rate
26:44
from the market here as you can see the
26:46
cryptocurrency market
26:47
forex okay index let’s go with
26:50
cryptocurrency for example and
26:52
bitcoin here we can see for bitcoin the
26:54
commission to
26:55
open a position is going to be 0.05
26:59
percent
27:00
of the amount of contracts that you’re
27:02
having in that position okay
27:04
the minimum amount okay and the rest of
27:07
it here maximum amount is 100 btc
27:10
and for example here the financing day
27:13
for a long position if you’re going to
27:15
have your position open
27:16
more than 24 hours this is going to be
27:19
the cost for the daily funding rate for
27:21
a long position okay so if you’re
27:24
placing a long and you’re going to be
27:26
more than one day
27:27
this is the daily funding rate guys
27:30
point
27:30
zero six nine four percent and if you’re
27:33
placing a short position and you want to
27:35
have
27:35
your position open for more than one day
27:38
this is the funding rate that you are
27:39
going to pay
27:41
0.0417 percent daily funding rate guys
27:44
another cool feature that primaxpt has
27:46
added to this latest
27:48
update is that you can do charting on
27:50
the platform i like using trading view
27:52
because i like to have multiple charts
27:54
open
27:54
if you’re interested in that there’s a
27:56
link in the description of trading view
27:58
also
27:58
you’ll be getting a discount for a
28:00
yearly plan if you’re going into pro
28:02
or higher at the top here where it says
28:04
margin tube
28:05
co-vesting and analysis if you click on
28:08
analysis
28:08
here you can choose the chart of all of
28:12
the assets that are in prime xpt to
28:14
trade with
28:15
for the sake of it let’s just go with
28:17
btc us dollar and as you can see it’s
28:19
the same as
28:20
training view you have your drawing
28:22
tools here you can choose your time
28:23
frame
28:24
candlestick indicators let’s go for
28:26
example with rsi the relative strength
28:29
index so you can do your
28:31
charting here while you having your
28:33
position
28:34
opened here for a cell or a buy order
28:36
and then you can just click here on
28:38
analysis
28:39
where you can do your charting now that
28:41
you know
28:42
how to use margin trading how to place a
28:45
buy sell order
28:46
also your stop loss take profit your
28:48
analysis here with the charting
28:50
let’s go and see the turbo option guys
28:52
the turbo section
28:54
this is something very similar to binary
28:56
options on the right side you can see
28:58
there’s a demo
28:59
version here by default you have one btc
29:02
but you can open a real account as you
29:04
can see if you click here
29:06
you will just accept the terms and
29:08
conditions and open a real account
29:10
so on the turbo section guys what this
29:13
is really
29:14
uh you can choose the markets here so
29:17
just let’s go for the sake of it just
29:18
on ethereum us dollar and
29:21
basically you are betting that the
29:24
market
29:25
is going to be above this price current
29:27
price
29:28
or below this current price in 10
29:30
minutes or
29:31
in 15 minutes okay you can choose the
29:33
duration here
29:35
and you can choose the amount of
29:36
contracts of btc that you’re going to
29:38
place let’s
29:39
just go with point zero one okay for the
29:42
sake of the tutorial
29:43
and your potential profits is going to
29:45
be seventy percent
29:47
okay if you say that the market is going
29:49
to be
29:50
above the current price in ten minutes
29:53
you’re going to gain 70
29:55
of the value that you have put but if
29:57
you lose
29:58
if it’s below the price that you said it
30:00
was going to be above
30:01
you’ll be losing your entire position
30:04
okay as you can see i’ll place a buy
30:06
order here well it’s not a buy
30:08
order it’s just saying it’s going to go
30:09
up and here it’s going to go
30:11
down the current price okay so if i just
30:13
click here it’s going to be
30:15
up i’ll have a confirmation box this is
30:18
the amount that you
30:19
are risking okay 0.01
30:22
and you’re going to gain 70 if the price
30:25
is
30:25
above the current price levels and yeah
30:28
that’s about it you will confirm
30:30
and now my position is open so i am
30:33
betting
30:34
really because for me it’s something
30:36
like betting i am betting that the
30:38
market
30:38
is going to be above this price level
30:42
in 10 minutes okay this is when it’s
30:44
going to finish
30:45
right over here so if the price is above
30:49
these levels in 10 minutes i will be
30:52
gaining
30:52
the 70 position okay but if the price
30:56
is below these levels i will be losing
30:59
my
30:59
entire position here you can also choose
31:02
candlesticks line you can choose the
31:04
time frame here
31:05
50 minute one hour so you can see your
31:08
open positions your trade history this
31:10
is something that i do not use
31:12
at all guys but i needed to show you
31:14
anyway because it comes with the prime
31:16
xbt platform if it’s your first time
31:19
signing up for primexpt make sure to use
31:22
the link in the description or the pin
31:24
comment you’ll be receiving 50
31:26
bonus added to your deposit by using
31:28
promo code
31:29
bitcoin sensors 50 guys if you’re
31:32
signing up
31:33
from the united states or the uk or some
31:35
other countries that might have a
31:37
restriction
31:37
guys you will have to use a vpn there’s
31:40
a link also here
31:41
you’ll be getting 70 of this nord vpn
31:44
do this at your own risk guys this is
31:46
not financial advice
31:48
now that we’ve seen the turbo section
31:50
let’s go and see
31:51
the co-vesting section this basically is
31:55
copy trading you can copy over 50
31:58
traders here
31:59
being number one the most profitable and
32:02
number 50 the less profitable here
32:04
from this section number one is sbo
32:07
trade
32:07
okay he has a total of 3
32:11
369 profit okay
32:14
in 43 days as you can see it’s the
32:16
active days over here
32:18
43 and he’s had 3 369
32:22
of profit today he hasn’t done any
32:25
trading as you can see it’s zero percent
32:27
and he has
32:29
587 followers okay
32:31
as you can see this one down here
32:33
savage21 has a total of 1254
32:37
in profit today he’s made 14
32:40
in profit guys he’s been active 16 days
32:43
and he has 382 followers
32:46
let’s say for example we want to follow
32:48
savage21 will click here on to follow
32:51
okay and you can read here you are about
32:54
to follow the strategy savage
32:56
21 choose the amount that you wish to
32:58
use for following and click
33:00
follow okay so the maximum amount is 0.1
33:03
btc
33:04
say for example i want to follow him
33:06
with .001
33:08
btc okay the maximum amount is point one
33:11
btc
33:12
the entry fee okay is one percent
33:15
okay so from this amount they’re going
33:18
to charge me point
33:19
zero zero zero zero one btc which is one
33:22
percent
33:22
and the total required would be my
33:25
amount
33:26
plus the fee okay the manager fee from
33:29
profit
33:29
is 20 and the platform fee is also
33:33
20 guys obviously if this is going to be
33:36
automatic
33:36
and you’re going to be profitable anyway
33:39
the platform and the manager is going to
33:41
charge you
33:41
a fee if you want to reduce this fee you
33:44
can click here on to reduce fee
33:47
and remember that i told you about the
33:49
co-vesting token if you go to the main
33:51
account here
33:52
you can see you can deposit bitcoin
33:54
ethereum tether
33:55
and usd coin and the code vesting coin
33:58
also
33:59
okay so let’s go back again to the
34:01
co-vesting model let’s go and follow
34:03
here
34:04
and go to reduce fee and here
34:07
you can deposit the co-vesting token
34:09
right and you will get
34:11
a discount in percentage in fees for
34:13
example trading fee discount okay
34:15
by paying a fixed amount of the
34:17
co-vesting tokens traders can enjoy
34:19
trade fee
34:20
discount of up to 25 okay so for example
34:23
if you had co-vesting tokens
34:25
you’ll get a 25 discount for 30 days and
34:28
this is going to cost you 119 co-vesting
34:31
tokens you can activate right here the
34:34
tokens are sold as you can see
34:36
you can buy co-vesting tokens on uniswap
34:39
and on
34:39
cue coin okay so you would buy them
34:41
there and then you would do a
34:43
transaction to your
34:44
co-vesting wallet right over here you
34:46
can deposit and here you have
34:48
your wallet address for your co-vesting
34:50
tokens also you can have
34:53
other co-vesting utilities strategy
34:55
followers can
34:56
increase their percentage and total
34:57
profit distribution in the favor by
35:00
using the co-vester tokens so you can
35:02
see there are many utilities
35:05
for this token guys anyway if you wanted
35:08
to follow
35:10
savage21 you know you would just
35:13
choose your amount in btc if you want to
35:16
reduce the fee you could get some
35:17
co-vesting tokens as i
35:19
showed you and then you would just
35:20
confirm and you could follow the
35:23
strategy okay once you click on to
35:25
follow the strategy
35:27
you can track your copy trading here
35:29
where it says portfolio
35:30
okay and you have your current holdings
35:32
and the following history if you had any
35:35
other strategies
35:36
that you were following that would be
35:37
here and the current ones would be right
35:39
over here okay the name of the strategy
35:42
today’s profit also total profit your
35:45
initial equity okay and your total
35:47
equity with your profits
35:49
okay if you wanted to cancel or stop
35:52
following there would be an x at the
35:54
very end here and you would stop
35:55
following the trader this might take
35:58
several hours
35:59
as you might be following one of his
36:01
trades and
36:02
until he doesn’t close the trade you
36:04
won’t see
36:05
your profits and your position probably
36:07
won’t be closed
36:09
now that we’ve done with the tutorial
36:10
we’re going to do a review of the primex
36:12
bt platform
36:13
and also give you my opinion if you want
36:16
to go through the review yourself i’ll
36:18
be leaving a link in the description
36:19
of the bitcoin sensors website if you
36:21
click on there and go to the top here
36:23
where it says reviews
36:24
you can see you have the prime xbt
36:27
review here you have
36:28
everything you need to know about the
36:30
prime xbt
36:32
platform going through about prime xpt
36:35
here on the website we can see the
36:37
company was founded in 2018
36:39
and from the very first day we have
36:41
grown exponentially and currently serve
36:43
clients in more than 150 countries
36:47
primexpt offers a robust trading system
36:50
for both beginners and professional
36:51
traders that demand highly reliable
36:54
market data
36:55
and performance you can see ultra fast
36:57
orders
36:58
executions an industry-leading trading
37:01
engine with real-time risk management
37:03
and secure and powerful infrastructure
37:06
powered by
37:06
amazon aws how we execute our trades all
37:11
trades on primax bt trading platform
37:13
are executed at one of our amazon aws
37:16
servers in london
37:17
and frankfurt we are connected with
37:19
multiple liquidity providers to ensure
37:22
low latency and smooth pricing on
37:25
available assets as you can see here
37:27
primex bt has also got an incredible
37:29
customer support service if you’re on
37:31
the platform if you click on the top
37:33
right here
37:34
where there’s a chat you can chat with
37:35
somebody from the team the usual reply
37:38
time is under five minutes so you can
37:40
ask any questions over here
37:41
if you wish to send an email you can go
37:43
to the top right also
37:44
and go to help center here you can see
37:47
the frequent ask
37:48
questions if you scroll down you will
37:50
see an email which is
37:51
support help primaxpt.com if you send
37:55
any questions here
37:56
they will reply in less than 24 hours i
37:58
experienced this
37:59
and i sent an email once and they
38:01
replied very very quick guys
38:03
one thing that differs that i love from
38:05
primexpt is that you can trade
38:07
up to 50 different assets by using
38:10
bitcoin or ethereum as collateral you
38:12
can trade cryptocurrencies
38:13
indices forex and commodities like s p
38:16
500 or gold
38:18
and silver and you’re using bitcoin as
38:20
collateral which is absolutely great
38:22
i do not know any other platform that
38:24
does this yet
38:26
like i mentioned at the beginning of the
38:27
tutorial the fees are relatively low
38:30
but i actually prefer for swing trade if
38:32
i’m going to have a trade
38:34
open for over a week i like using vibit
38:36
or femix because the fees
38:38
are much lower if you want to have a
38:40
position open for over a day
38:42
but for day trading the fees are
38:44
incredibly low guys like i showed you
38:47
at the beginning of the tutorial so
38:49
prime xpt for day trading the fees are
38:51
extremely low
38:52
if you’re going to have a position open
38:54
for over a week
38:55
the fees are a little bit expensive and
38:57
i prefer buybit or
38:59
femix for swing trading primex bt is
39:01
committed to provide the highest
39:03
level of security to its platform users
39:06
they use 2fa provided by google
39:09
authenticator
39:10
encrypted ssl and all passwords are
39:13
cryptographically hashed
39:15
and your cryptocurrency that you send to
39:17
the platform
39:18
are encrypted and also in cold storage
39:21
they use the latest security
39:23
so they do not have any hot wallets or
39:25
any online wallets
39:26
all the cryptocurrency is safe in cold
39:28
storage
39:29
and the primex bt alternatives or
39:32
competitors would be by bit
39:34
in the first place and femix in the
39:36
second place they are both
39:37
really good trading platforms also they
39:40
are famous because of their isolated
39:42
trading also there’s
39:43
5x 10x 20x trading even up to 100x
39:47
leverage for trading and primex bt uses
39:50
margin like i explained to you at the
39:52
beginning
39:52
of the tutorial the good thing about buy
39:55
the inference
39:56
is they are better in my opinion for
39:58
swing trades if you want to have a
39:59
position
40:00
open for over a week the fees are quite
40:03
a little bit lower
40:04
than the prime xbt ones but from the
40:07
rest primex bt is my favorite i love
40:09
margin
40:10
trading and i use it every single day
40:12
for my trading guys
40:14
and this is going to be it for the
40:16
tutorial and review of the prime xbt
40:19
trading platform make sure to check out
40:21
the bitcoin sensors website guys we’ve
40:23
got great
40:24
tutorials reviews on how to buy how to
40:27
store
40:28
how to trade bitcoin safely we’ve got
40:29
the reviews of different platforms
40:31
also we’ve got the latest news and
40:33
technical analysis
40:34
so i’ll be leaving a link in the
40:36
description of the website so you can
40:38
check it out
40:38
and if you want to see my by bit
40:40
tutorial there’ll be a video popping up
40:42
on your screen
40:43
so you can see the difference with the
40:45
primex vt1 guys
40:46
a massive thank you for tuning in and
40:48
make sure to smash up the like button
40:50
and i’ll see you
40:51
in the next one