How To Take Advantage Of The Crypto Recovery With PrimeXBT

Bitcoin has recovered more than 20% from recent lows. Ethereum, driven by the upcoming Merge, has climbed more than 85% off lows set just months ago. Bullish sentiment is returning in a significant way, but the macro environment is still unfavorable for risk assets, leaving investors waiting for more confirmation that a new bull trend has begun.

Fortunately for PrimeXBT traders, entering early is less risky, and users have the option to hedge and go short at a moment’s notice if the market begins to turn. Here are all the ways that crypto investors and traders can take advantage of the ongoing crypto market recovery with the award-winning PrimeXBT.

Why It Is Advantageous To Trade At PrimeXBT

PrimeXBT presents itself as an all-in-one solution for active traders and passive investors. The platform provides access to a plethora of cryptocurrency-based products and services. Deposits are accepted in BTC, ETH, USDT, USDC, and COV, which can be used to fund a margin trading account or connect to the Covesting ecosystem.

The platform was launched during the last bear market in crypto and was among the few platforms early on to bring astronomical returns to traders once the trend turned bullish. With a recovery well underway in crypto, PrimeXBT is once again in the spotlight for helping traders take charge ahead of the trend.

While most investors must remain patient and wait for confirmation of a new uptrend, with leveraged long and short positions, hedge positions, stop loss protection, and other risk management tools, PrimeXBT traders can lead the pack and go long when others are too fearful to do so. These traders enjoy the added confidence of being able to hedge or turn short if the bearish trend takes back hold over price action.

Buy The Dip In Crypto With PrimeXBT

The easiest way to take advantage of the crypto market recovery is using PrimeXBT to buy crypto. If you liquidated your assets during the downtrend and don’t have any assets to use as collateral, you can also buy crypto to fund a margin trading account.

Buying the dip in crypto has never been easier and is possible on the browser-based platform and via the mobile app experience for iOS and Android users. This means you can sit back, relax, and buy crypto in a couple of taps from the comfort of your couch.

Funds are automatically deposited to a secure PrimeXBT crypto wallet, which also offers access to the PrimeXBT crypto exchange tool. Using the tool, users can swap one cryptocurrency for another at any moment. This is especially helpful for users who generate revenue through the PrimeXBT referral program, who might earn one type of crypto but prefer to trade another.

Award-Winning Margin Trading Tools And 100+ Instruments

Although trading is just the tip of the iceberg, it also happens to be the icing on the cake and the very best part of the total PrimeXBT package. Long and short margin trading positions are possible with up to 200x on top cryptocurrencies and up to 1000x on traditional assets like commodities, stock indices, and forex currencies.

More than 100 different trading instruments are available under one roof for incredible portfolio-building benefits. Design a portfolio geared toward capital protection or profit amplification using a wide range of correlated or uncorrelated assets. Access the portfolio you’ve created from anywhere in the world right from your fingertips using the PrimeXBT app.

The list of assets includes Bitcoin, Ethereum, gold, silver, oil, natural gas, stock indices like the S&P 500 and FTSE, and a massive range of forex currencies. Beyond Bitcoin and Ethereum, there are also dozens of the hottest cryptocurrencies from categories like DeFi or the Metaverse. Simply go long Ethereum ahead of the Merge or long Bitcoin before the bull trend returns. If panic returns in a major way, hedge or switch short. It’s that easy.

Covesting Ecosystem Makes Passive Earnings Possible

A bull market means more significant gains in the Covesting copy trading leaderboards. The last bull market produced as much as 90,000% ROI from top-ranked strategy managers –– the best the community has to offer. Followers can put capital behind these top-ranked traders and profit from automatically copied trades.

Strategy managers can keep income flowing by earning a profit share from each follower, while followers get to sit back, relax, and let others grow their crypto stack. Strategy managers can put more money in their pockets, and followers can improve profit shares with Premium, Advanced, and Elite COV token memberships.

COV token memberships also unlock up to a 14% APY in Covesting yield accounts. If the crypto recovery begins to pick up steam, market conditions could improve, and these interest rates could soar higher. Covesting yield accounts offer users passive investing through crypto staking. These users earn a variable APY interest rate in crypto rewards by staking idle crypto assets. Crypto rewards are paid daily to the staking balance for compound returns.

No Need To FOMO Later, Act Now With PrimeXBT

As you can see, there are so many ways to take advantage of the cryptocurrency market recovery early and still be ready for a continued downtrend, all without missing out on a potential long-term bottom and the maximum possible reward.

With PrimeXBT professional trading tools, the ability to buy crypto, passive investing options, and the award-winning mobile app, investors and traders can benefit from any direction the market heads and never miss another opportunity again.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.