How to trade xbt
Prime XBT Tutorial For Beginners (Leverage Trading)
you guys may not know this but bit Mex
could be in big trouble they're having
to shut down in countries all over the
world due to an ongoing CFTC
investigation and there's an outside
chance it could get shut down we're
gonna show you an alternative to bit
mechs when it comes to leverage trading
and how to use it
hey guys welcome to big-boy crypto don't
forget to smash that like button and
subscribe to the channel if you like the
content you see here so okay guys bit
Mex is in some trouble there's no doubt
about it now how big is this trouble we
just don't know yet but there is an
ongoing investigation by the CFTC on bit
Mex now they've already had to shut down
US accounts they've already had to shut
down accounts in Quebec in Canada and
more recently they've even had to shut
down in their home country of Hong Kong
also in Bermuda and in Seychelles now if
you don't know Seychelles you can sell
seashells by the seashore but you can no
longer leverage trade there so we're
looking today at a alternative for
leverage training which is prime xbt so
prime xbt did sponsor this video so
thank you to them for sponsoring if you
guys would like to sign up for prime xbt
if you like anything that we show you
here today and i think that you might
now you can sign up by going to prime
dot bit boy dot live and you help
support the channel so here we go guys
we are on the prime xbt website now if
you did not know xbt is an alternative
ticker symbol to BTC so when it says
prime xbt you would actually read that
prime Bitcoin it would be the same if it
said prime BTC a lot of the more
institutional focuses in crypto are kind
of siding with that xvt ticker as
opposed to BTC not really sure why but
that's something that we are saying so
leveraged trading we see that as well
bit mixed uses that some other lever
trading platforms use X BT as opposed to
BTC so here we go guys
let's take a look at what you can trade
here now first I would like to say the
fees on prime X BT are very low it's got
very high liquidity and it also has a
very high level of security so those are
three things that you always
want to see in an exchange now if you're
interested in trading other things than
just Bitcoin now there are crypto
currencies you can trade such as
aetherium x RP litecoin and eos with a
hundred x leverage and the lowest fees
indices which if you didn't know is the
plural of index I'm just teaching you
guys so many things today access the
most popular indices such as SMP 500
FTSE 100 and Japan much more also so on
forex trading is very interesting so you
can go short on 25 forex majors but you
can actually trade up to 1000 X when it
comes to forex so 1000 X with forex
trading so commodities speculate on the
prices of high-profile commodities such
as oil and gold and profit from their
growth and decline it's great to make
money on both ends of the spectrum which
is why people like leverage training
with just regular training or ha tooling
a either situation you know you're
really a slave to the market like you
want the price to go up when it goes
down of course we say buy the dip and
things like that but you really need the
price to go up in order to make money
however with leverage trading you can
actually make money at the top of the
market or the bottom of the market so
you can go long or short so long means
you're gonna bet the price is gonna go
up short means you're gonna bet the
price is gonna go down now these are
things I had no idea about before I got
into crypto I didn't do any kind of
trading before you know I really got
involved in crypto currency and things
like that so if you're new to this and
those are terms that you didn't know
then once again there you go we gave you
something maybe that you'll learn today
so when people are talking about going
long they're talking about betting on
the price going up going short you can
bet you can gamble on the price going
down so here we go guys this is kind of
your account summary so I've actually
put just a little bit in so like I said
the or I haven't said this yet the
minimum that you can deposit is point
zero zero one Bitcoin and so you can see
I deposited just kind of the minimum to
get in here and to learn and that's just
everybody does that before you really
jump full force into a platform unless
you're a very experienced trader which
leveraged trading is more for the
experience but
hey if you point if you put point zero
zero one Bitcoin in there and you're not
for maybe a third-world country that's
not that much money you know so if you
got in here and you lost your ten bucks
which is basically what that is not
financial advice but it's probably not
gonna kill you so I put some in here and
I've been you know playing around with
it just a little bit okay so you can see
here we have available margin ninety
three point one four percent if you
hover over anything that's got those
little dotted lines under it it'll show
you what it is so it says total amount
of funds available for trading
represented and percent available margin
equals available margin slash equity or
divided by equity times 100 socially
your available margin and things like
that so if you want to deposit this is
the way it works you have to go here to
deposit you click here on the left and
you had to put money in your account so
it's really cool what they have here how
you can put money in your account you
can do this through the change Lea
widget here now I believe the minimum
that you can deposit through the change
Lea widget is a hundred dollars so if
you deposit another way you can put ten
dollars a Bitcoin in here from another
wallet if you want to try it out but if
you want to buy with a credit card you
can do it right here on the website
through this change Lea widget this is
not a screenshot here this is an active
widget so you can choose what you want
to deposit or what you want to buy here
through change Li and then it'll go
straight to your wallet so if you want
to go straight to the change Lea website
you could do that as well by clicking
there and do it that way but I do like
the way they have it right there on the
site so okay guys so once you do that
okay once you have money in your wallet
which I don't have any right here
because mine's in my trading wallet so
this says trading account here you can
see it talks about what this is you have
to transfer your money to your wallet
and then withdraw to to your trading
account so all you got to do is when you
have wallet balance over here it'll say
like you know point one Bitcoin or
whatever you would just click fund
trading account here and it's pretty
much instant it takes two or three
seconds to move it over here to your
training account so that's kind of a
security feature that keeps you from you
know accidentally gambling in a way with
too much of your money in your wallet if
you only
want to keep some backup money in your
wallet in case you used all your margin
and you get liquidated which means you
lose all your money and you know in your
account for a trade then that's what
this will allow it to do now another
cool thing here is when you go to
withdraw when you go to a draw it's got
a security feature here we talked about
they have high security you can add a
destination address so this would be
where you would withdraw funds to you
have first need to take it from your
trading account to your regular wallet
and then you would withdraw to a white
listed address so this would be a
Bitcoin address that you choose and this
is a security feature because if somehow
you know prime X BT were to get hacked a
hacker could not send funds out of your
account to any address that's not on
this whitelisted you know account list
so that means that the only place they
could send it to if they got into your
account was to you know one of your
addresses that you've already
whitelisted so obviously hackers when
they get into exchanges that are trying
to do things in masse very quickly and
so this little complication here would
make it much more difficult for you to
get hacked which is kind of cool so
let's talk a little bit about their
affiliate program so I am a part of the
affiliate program like I said you guys
go to prime dot big boy dot live the
link is right over here you can just
click or well you can't click it if you
click the screen it's going to pause it
and I know you guys like to hear me talk
so let's not do that put this in the
address bar of your browser prime dot
big boy dot live and you can go sign up
that is my referral link no the cool
thing about the referral program is then
I'm trying to sell you on their referral
program is that it is a a tiered system
so you would get 20% of the training
fees of people you refer but the people
that they refer you would get 15% and
the people that those people refer to
you get 10% and then so forth down the
line all the way to 5% at tier 4 now if
you have a tier 4 and they refer other
people then you know the pyramid just
kind of starts over again for them and
you get left out of that but I think
with 4 levels below you I think you'll
be probably pretty good so it does have
a really cool really robat robust
affiliate program if you'd like to sign
up for that you can once again go to the
link here so okay guys let's look at the
platform itself so one cool feature
about the prime xbt
the platform is you can add a little
widget so if I got rid of this here you
can just hit an X and just get rid of
things and you come here to widgets and
you can add things so if I wanted if I
had a watch list and there's something
that I wanted to to kind of watch the
specific price on an asset I could do
that
there if I click dashboard um that'll
add there and then for the dashboard I
can add things that I want to see too so
by one day I have like coin
compared to Bitcoin if I wanted to know
like coin compared to u.s. dollar I
could do that as well and put that there
and you can just kind of create as many
things as you want to see you want the
Bitcoin prize compared to the US dollar
this is a good way to watch how assets
are performing against each other so
there's other witches you can put in
here as well you can put positions
obviously I've just have one little
position here that I've taken out the
fill price up to point zero one and you
can kind of see the current price so I'm
actually doing pretty well I'm up about
$200 on the Bitcoin price not on as you
can see I had a very small amount just
kind of testing things out here okay you
guys have to remember I'm not a
professional leveraged trader so I like
to get in and try things before I really
you know go go ham on something but I do
like bacon better than him but current
trades I can click on that now once you
fill up these top three spots then or
top four spots we added one more thing
well I thought it would add to the
bottom here you can actually move these
to the bottom as well and I don't know
why it's not doing it here but there are
other ways that you can lay this out is
along in the short of it you can put
things at the top you can put things at
the bottom you can move it down see so
if I take this here it's kind of like a
website like a website designer like Wix
or something you just click and drag so
see now I've got it over here if I
wanted this to be kind of three-tiered I
could put this here and look now I've
got three things down here I got my
chart you can lay this out however you
want to lay this out which is something
I really like so if we were actually to
do a trade we would go up here we click
on what we want to trade so here's
Bitcoin vs. US dollar so you just click
trade right here and you can do a market
order which is something that you know
gets triggered when
something reaches a certain amount or
that's the that's the limit order excuse
me a market order is gonna trigger right
away so whatever you set over here
however you want you know to trade or
whatever asset you're trading if you do
a market order it's gonna go right away
it's gonna trigger because it's gonna go
at the exact market price of whatever
you are trading if you do a limit order
then you can kind of set the place you
want to trigger if you want to buy and
then the price is gonna have to be lower
if you want to sell the price is gonna
have to be higher so this is kind of
buying dip selling profits that's why
you would want to do limit it's same
thing in a regular trading exchange you
can set a stop loss as well so let's say
you got a trade that's going well let's
say Bitcoin you're longing Bitcoin it
goes from 10,000 to 11,000 you say
there's some resistance there I want to
make sure that you know I want to take
some profit when it gets to 11,000 you
can set your stop your take profit there
your stop-loss you can set it if the
price starts dropping you don't want to
drop below a certain amount and then you
can also do Osio trades which are kind
of conditional trades a little more
complicated than what I like to do
honestly when it comes to lever trading
but you do have that available to you so
overall prime xbt in my opinion is a
good trading platform I am you know as
you guys can see I got 93 percent
available margin over here so I can kind
of go ham and make some money I've
already made a dollar and 91 cents
so it's unrealized though I could lose
it all and get liquidated or I could
take my profits that's a pretty good
profit right there I mean if you think
to yourself like okay let's say instead
of putting the minimum into kind of try
things that my balance was 1,300 dollars
instead of $13 then you know what I
would have made $200 which is a pretty
good gain you know over a short period
of time so leverage rate is something
we're gonna be talking more about on the
channel that something I'm very
interested in I'm trying to do more I'm
never gonna give you guys advice on how
to leverage trade because personally
myself I'm still learning but there's a
very beginner friendly platform and I
really do
like that I like how it shows everything
I'm at the top you're available margin
and things like that so hope you guys
enjoyed this review drop me a comment
below and let me know which trading
platform you would like to see me a
review you would like to see me look at
when it comes to leverage trading or
which one that you like the most and
you know a lot of people use by bit
obviously some people are still using
bit mechs but I think the prime xbt
could be a good option for you so thank
you very much for watching this video
bit boy out
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