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PrimeXBT Provides Plenty Of Ways To Profit: Here Are The Top Five

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Everyone wants to make money. Most of us get up each day, put on our pants one leg at a time, and go to work to earn most of it. A select few read books and try to go above and beyond the normal 9-to-5 with side hustles, investments, trading, and more.

The key to wealth isn’t any one method, but being consistent with making money every possible way you can, actively, passively, and more. Very few platforms out there offer more than one way to profit, yet with PrimeXBT there are so many, we’re able to pick the top five and put them on display.

Here is everything you need to know about PrimeXBT and the top five ways it can help traders to profit.

Active Margin Trading with Long and Short Positions

The most obvious way to make money with an award winning margin trading platform is by trading BTC, ETH, USDC, or USDT-based synthetic contracts on crypto and forex, or CFDS on commodities and stock indices trading.

More than 50 different trading instruments are available all from a single account, and new assets are being added regularly. Recently, PrimeXBT added popular altcoins Cardano, Dogecoin, Chainlink, Uniswap, Polkadot, Solana, and XRP.

Long and short positions are available across all assets, allowing traders to build a diverse portfolio of correlated, anti-correlated, and uncorrelated assets that reduce risk and increase opportunity by spreading capital around.

Even hedge positions are allowed, letting a user hold a long and short on the same asset at once. This enables advanced trading strategies, which can be developed using the built-in technical analysis tools available within the PrimeXBT dashboard.

Copy Trading Using the Covesting Module

This is technically two ways to make money in one. That’s because the experience consists of becoming a strategy manager, or a follower, and each type of user makes money synergistically thanks to the other, as we’ll explain.

Strategy managers are special accounts that are monitored for performance publicly in the Covesting leaderboards, which include data on total profits, risk, success, and more. They are also ranked in order of profitability, which puts the most profitable traders at the top of the list. The greater visibility earns the strategy manager more of the other type of user account: followers.

Rather than trade actively on their own, followers can follow strategy managers and copy their trades, win or lose. Picking the right trader is important to ensure that the copied trades are more successful than not. This means followers must monitor the performance of strategies, or consider building a portfolio that reduces risk.

Strategy managers have been known to make their followers millions of dollars and reach more than 100,000% in total profits. However, strategies like these are rare and must be discovered early before an initial follower equity limit is reached.

Passive Income Generated with Covesting Yield Accounts

Part of the magic behind DeFi, is simply that people found new ways to make money. Rather than actively trade, which they can also do on DeFi platforms, they can also simply provide their tokens as liquidity, which the protocol then uses for lending, trading pairs, and more. Users on the other end enjoy permissionless access to such services.

In exchange for offering up crypto assets for liquidity, the protocol takes the fees that would go to the bank or exchange, and instead distributes it back to users as crypto rewards. This rate is variable based on market conditions, which services are used, and more, and is called an APY. APYs in DeFi are as high as 10% compared to rates at traditional banks which are under 0.1%.

The only problem is connecting to those DeFi protocols isn’t as easy as it sounds, so Covesting has made these protocols more accessible through new Covesting yield accounts. Rather than connecting to complex cryptocurrency wallets, the normal PrimeXBT account can now stake idle crypto assets and earn a variable APY. The tool connects users to the same protocols to earn the profits, but without all the technical steps or challenges.

Revenue Through Four-Level Referral Program

The PrimeXBT referral program is packed with profitability as well. It is the only referral program in crypto that offers four levels of referrals. This means that the first user can refer the platform to friends, and if those friends tell friends, and they tell friends too, everyone in the chain makes money for the first users.

PrimeXBT makes it easy with a unique referral URL that can be shared on social media, internet forums, or via email and text with friends and family. Profits are paid out daily in the form of the currency that the referred user traded with, which can be BTC, ETH, USDT, or USDC.

Users of the referral program have collectively earned several million dollars worth of crypto, and the number is regularly climbing as these users have now built massive networks that have gone viral and are making money without much effort – because other users are doing the footwork.

Follow PrimeXBT for Prizes and More

If you are on social media sharing your referral link anyway, be sure to follow the official PrimeXBT accounts to stay informed on updates the platform makes, new assets, and more.

The official Twitter account is also known to give away thousands of dollars worth of BTC each month as part of games, giveaways, and more. They’ve had users guess the price chart for a chance to win, trading competitions, and much more.

PrimeXBT has a footprint on just about every possible social media platform that matters, from Twitter to Telegram and everything in between. There are also exclusive accounts for each region and language, so there is a way to engage no matter who or where you are in the world.

If there is ever a question about whether or not you are following an official account, PrimeXBT also offers 24/7 customer service who can help clarify any confusion.

PrimeXBT, business, trading, money, strategies, prizes, referral program, revenue, income, covesting, long and short positions

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