> For the complete documentation index, see [llms.txt](https://primexbt.gitbook.io/help-center/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://primexbt.gitbook.io/help-center/home-interface/multicurrency-account.md).

# Multicurrency accounts and how they work

### Multicurrency accounts

On PrimeXBT traders can [deposit multiple cryptocurrencies](/help-center/deposits-withdrawals/how-to-deposit.md) to their corresponding account [Wallets](https://primexbt.com/my/home/main). Each currency will have a separate Wallet:

![](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-2b01f96902e5986a78c47aaf10090608658c881c%2FMain%20-%20Wallets.png?alt=media)

This means that Traders can also have **multiple Margin trading accounts** and allows Copy-trading Strategy managers and Followers to create and manage **multiple Strategies** and **multiple** **Followings simultaneously** in different currencies:

![](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-2d11e009bb245238286e85c0b0f08d1d516cabd3%2FMain%20-%20Copy-trading%20multiple%20currencies.jpg?alt=media)

Each separate Margin account, Copy-trading Strategy and Following will be denominated in the currency initially chosen upon their creation.

{% hint style="success" %}
Thanks to ![](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-90f4da35de58c4d4613d428bd8de1b9d04213f17%2FCOV%20symbol%20transparent%2024px.png?alt=media)[COV token utility](/help-center/cov/cov-token-utility.md), COV-denominated Margin trading accounts are automatically provided with a **25% trade fees discount**.
{% endhint %}

### **Examples of multicurrency accounts**

I deposit **BTC** to my BTC Wallet\*\*:\*\*

![](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-e4e5ce50ad53da0effcd2a596de6a05557e0162a%2FDeposit%20btc.png?alt=media)

I can now create and Follow Strategies, and trade with Margin accounts **denominated in BTC:**

![My Strategies (BTC)](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-84d3d37b3dd062129541d84c103472e33ced00cb%2FMain%20-%20Strategy%20btc.png?alt=media)

![Followings (BTC)](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-ffdb8e6b3db398143bc64fbc5a2f81277938ada1%2FMain%20-%20Following%20btc.png?alt=media)

![Margin account (BTC)](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-17cc622f04e7095cde57b53d676b20a5066cc3bb%2FMargin%20btc.png?alt=media)

Accordingly, I will **NOT** be able to create Strategies, Followings, or Margin accounts in other currencies **until I have deposited the corresponding currency:**

![](https://1941544518-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-LfK-HdU-XXoT_wVnrCz%2Fuploads%2Fgit-blob-e0e6daa861efcf76ad456aa90c2bcd4f9bf4920d%2FStrategies%20USDC.png?alt=media)

{% hint style="info" %}
Each separate currency can be used only in **Margin trading accounts, Strategies** and **Followings denominated in the SAME currency.** For example, BTC can be used in a Margin trading account denominated only in BTC, while ETH can be used in a Margin trading account denominated only in ETH.\
\
If you wish to open a Margin trading account, start a Strategy or Following in a particular currency, make sure to deposit the same currency.\
\
Alternatively, using our in-wallet [**Currency Exchange**](/help-center/deposits-withdrawals/currency-exchange.md) feature allows you to exchange BTC, ETH, USDT, USDC and COV amongst each other, directly between your PrimeXBT account Wallets.
{% endhint %}

To learn how to create and switch between your Margin accounts, see our tutorial: [**How to create and manage Margin accounts**](/help-center/margin-interface/how-to-create-a-new-margin-trading-account-in-a-different-currency.md)**.**

To learn how to create and manage multiple Copy-trading Strategies see our tutorial: [**How to create your Strategy**](/help-center/covesting/quick-start-for-covesting-fund-creation-and-management.md)**.**