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Multicurrency accounts and how they work

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Last updated 1 year ago

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Multicurrency accounts

On PrimeXBT traders can to their corresponding account . Each currency will have a separate Wallet:

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:

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

Examples of multicurrency accounts

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

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

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

Thanks to , COV-denominated Margin trading accounts are automatically provided with a 25% trade fees discount.

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 feature allows you to exchange BTC, ETH, USDT, USDC and COV amongst each other, directly between your PrimeXBT account Wallets.

To learn how to create and switch between your Margin accounts, see our tutorial: .

To learn how to create and manage multiple Copy-trading Strategies see our tutorial: .

Currency Exchange
How to create and manage Margin accounts
How to create your Strategy
deposit multiple cryptocurrencies
Wallets
COV token utility
My Strategies (BTC)
Followings (BTC)
Margin account (BTC)