Help Center
  • PrimeXBT Help Center
  • F.A.Q.
    • Frequently Asked Questions (F.A.Q.)
  • TRADING CONDITIONS
    • Order Types and Order Book. Ask price, Bid price and Spread
    • Fees and Overnight Financing
    • Trading Limits
    • How Commodities (Brent, Crude and Nat.Gas) prices are derived
    • Quick start: Register, Deposit, and make your first Trade
  • Rewards & Promos
    • Rewards
    • Promo Codes
    • Referral program
    • Affiliate program
  • BASICS OF LEVERAGED TRADING
    • What is Leverage and Margin
    • Profit from market growth (LONG positions)
    • Profit from market decline (SHORT positions)
    • How to calculate Margin requirements, Margin Call and Liquidation
  • HOME
    • Understanding Home interface
    • Multicurrency accounts and how they work
    • Account Verification
  • Deposits/Withdrawals
    • Deposits
    • Withdrawals
    • How to whitelist a new withdrawal address
    • Currency Exchange
  • Trade Interface
    • Understanding the Trade Interface
    • Adding Widgets and customising your Workspace
    • Orders and Positions. How to manage your trades
    • Understanding Trading reports (Account Statement) and Transfer History
  • MARGIN
    • Understanding Margin Interface
    • How to create multiple Margin accounts
    • Funding Margin and Copy-trading Strategy accounts
  • Crypto Futures
    • Understanding Crypto Futures Trade Interface
    • Workspace
    • Summary
    • FAQ: Essential trading features
  • Covesting
    • Covesting Module
    • Staking COV Tokens to unlock benefits
  • Copy Trading
    • Copy-trading Frequently Asked Questions (F.A.Q.)
    • Understanding Copy-trading interface
    • Quick Start: How to begin Following a Strategy
    • Managing your Followings Portfolio
    • Choosing a Strategy that best suits You. Essential tips
    • Quick Start: How to create your Strategy
    • Managing your Strategy
    • Profit Share (Offer)
    • Limit of Followers' Equity in a Strategy
    • Slippage and liquidity costs of executing significant Followers’ order
    • Progressive Trade Fees
    • Strategy Profit indicators and how they're calculated
  • CONTESTS
    • Contests Frequently Asked Questions (F.A.Q)
    • Understanding Contests Interface
    • Quick start: How to join contests
    • How to launch a contest
    • Contest Rules
  • Policies
    • KYC (Know-Your-Customer) Policy
    • AML (Anti-Money Laundering) Policy
    • Restricted Jurisdictions
  • Security
    • Security Measures
    • Wallet Security
    • 2FA
  • Support
    • Support
    • PrimeXBT Telegram Support Bot
  • PAST ANNOUNCEMENTS
    • Past Announcements
    • Trading Schedule Changes Archive
Powered by GitBook
On this page
  • Multicurrency accounts
  • Examples of multicurrency accounts

Was this helpful?

  1. HOME

Multicurrency accounts and how they work

PreviousUnderstanding Home interfaceNextAccount Verification

Last updated 1 year ago

Was this helpful?

Multicurrency accounts

On PrimeXBT traders can deposit multiple cryptocurrencies to their corresponding account Wallets. 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:

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 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: How to create and manage Margin accounts.

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

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

My Strategies (BTC)
Followings (BTC)
Margin account (BTC)