Ethereum is the second-largest cryptocurrency by market cap, but it was also the first blockchain to employ smart contract technology and is fueled by the coin, also known as Ethereum, or ETH.
Ethereum is a technology that has a lot of promise and potential which makes trading its native coin so appealing. Traders are able to trade against the US Dollar and Bitcoin on PrimeXBT with many different trading tools and strategies available.
PrimeXBT is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade Ethereum in the cryptocurrency market. PrimeXBT features a third-party service called CEX.io that allows the exchange of other cryptoassets, fiat currencies, and more for Bitcoin.
In addition, users can purchase Bitcoin with a credit or debit card to fund their trading accounts and get started trading Ethereum immediately. Alternatively, users may deposit their own Bitcoin to the PrimeXBT wallet BTC address.
Margin trading means that a trader has decided that they want to make a trade that is bigger than the capital they have, and look to the platform to borrow these funds in order to open a bigger Ethereum position. This leveraged margin trade then allows you to receive higher profits if the position goes the right way. However, the risk is that if the trade is unsuccessful the losses can be magnified too.
For example, If a trader takes a short position of 100 ETH on 10x leverage, and the price of Ethereum falls 3% the trader will earn a profit of 30 ETH. A similar spot trade without leverage would result in only 3 ETH earned.
Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.
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