PrimeXBT Contests
| Contest | Status | |
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Get 1000 USDT on Weekly Battle Contest | expired |
What is the general comparison between ByBit and PrimeXBT?
PrimeXBT offers quite a wide choice of tools and products, so it can suit almost any type of crypto trader. For example, PrimeXBT provides attractive high leverage of up to 100x for cryptocurrency trading. The leverage can be used in various digital currencies such as BTC, ETH, LTC, XRP, and EOS. The trading fees are also relatively low compared to its rivals. Not only crypto, but you can also trade with traditional assets like stock indices, commodities, and forex through a single-use platform.
ByBit is known to offer great conditions for crypto derivatives especially perpetual swaps for four cryptocurrencies (Bitcoin, Ether, Ripple, and EOS). With more than 300,000 clients from all around the globe, ByBit allows trading with BTC/USD, ETH/USD, XRP/USD, and EOS/USD perpetual contracts with leverage of up to 100x. However, the trading fees are a little more costly than PrimeXBT.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
What are the differences in leverage and trading pairs between Bybit and PrimeXBT?
PrimeXBT provides an incredible 100x leverage for all the pairs listed on the platform, including BTC, ETH, LTC, XRP, and EOS against USD, as well as other BTC pairs. Not only that, the company even allows you to go beyond 100x if you trade with traditional assets on the platform. These traditional assets include stock indices, commodities, or forex.
On the other hand, even though ByBit allows its traders to get leverage as high as 100x, it only applies to certain pairs like BTC/USD, ETH/USD, XRP/USD, and EOS/USD. Also, the reality of 100x leverage is only available for the BTC/USD pair; the rest can only go up to 50x. We can conclude that in terms of leverage and trading pairs, PrimeXBT is better.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
How are the charts and order books in Bybit and PrimeXBT?
The default mode of PrimeXBT's trading chart is the candlestick chart, which consists of color-coded red and green candlesticks with the price on the vertical axis and the time on the horizontal axis. You can easily change it into other types of charts such as line or bar graphics by navigating through the left part of the drop-down menu.
Unlike the built-in house charts on PrimeXBT, the charts in ByBit are provided by Tradingview. TradingView has an excellent reputation for providing transparent and accurate charts, so you don't have to worry about its reliability. Overall, the tools and indicators of both sides are quite similar so it goes down more to your personal preference.
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
What are the deposit and withdrawal conditions at ByBit and PrimeXBT?
The funding options in PrimeXBT are slightly better than ByBit because it accepts other currencies such as USD, EUR, etc. through a third-party integration and lets you deposit BTC as an exchange. Meanwhile, ByBit only accepts five digital currencies that include BTC, ETH, XRP, EOS, and USDT. It does not support fiat deposits as of now.
As for withdrawal options, both exchanges only allow crypto withdrawals and no fiat options. To withdraw from your PrimeXBT account, you must go to the main page of your account and then enter the destination address, and the amount of BTC you want to withdraw, and then click "submit to withdraw".
Continue Reading at ByBit Vs PrimeXBT: Which is the Best Derivative Exchange?
