# 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:

![](/files/mQTHAkCL1a1HLyxxcQPA)

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:

![](/files/ANpvMduUOYP2XyqVG9FY)

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 ![](/files/5MnLlSQ31lwk1bon2zqs)[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\*\*:\*\*

![](/files/-MVpXKAObywyFojYJRfS)

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

![My Strategies (BTC)](/files/nW53ki53n60BuQlZTiZc)

![Followings (BTC)](/files/9PW2VhzTgLuPTdf866b6)

![Margin account (BTC)](/files/-MVpbwmr-CqRrpp_-vmP)

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

![](/files/-MVpeefKlX0yid-dJZnB)

{% 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)**.**


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