PrimeXBT is known for being a competitive platform in general. It is highly competitive in the industry itself with other top platforms. A highly competitive copy trading community is at the center of the experience called Covesting. And there is even a Contests area of the platform that offers weekly competitions where traders do battle and compete for prizes using risk-free virtual funds.
The latest competition isn’t just offering its standard prize pool but also a chance to win a grand prize of $5,000 and an exclusive Lucky Lion NFT in the PrimeXBT NFT Trading Contest. Read on to learn more about PrimeXBT Contests, the trading platform itself, and the all-new PrimeXBT NFT Trading Competition.
Here is the scoop on the hottest trading competition around. The PrimeXBT NFT Trading Competition is no walk in the park. For you to have a chance to win, you must have a minimum trading turnover of 10,000,000 USDT – that’s a lot of trading, but the reward is worth the effort. There is also a required minimum number of trades. More than 3300 traders have already enlisted for a chance to win.
The $10,000 prize pool breaks down with a first-place winner getting 5,000 USDT, second place earning 2,000 USDT, and third place getting 1,000 USDT. The remaining USDT gets distributed amongst the rest of the ten lucky winners. The grand prize winners also take home an exclusive Lucky Lion NFT. The Lucky Lion represents the ferocity it will take to win the grand prize and become the king of the jungle.
There is a little over a week left in the PrimeXBT NFT Trading Competition, and given the demanding requirements, it’s best to act fast and join now before all available spots are entirely filled up. Other competitions are running concurrently in the Contests section, but none other with as much at stake or featuring NFTs. NFTs have become one of the most popular trends in crypto and Web 3.0, and this is your chance to own a piece of the future using nothing but your trading skills.
As a reminder, here are the three simple steps:
With PrimeXBT Contests, no money is ever at stake. Entrants get to use risk-free virtual funds, so traders can have a little extra fun without worrying about losses they can’t withstand. It lets traders take a little bit more risk, use a little bit more leverage, and lets it get even more competitive. The end result is a powerful platform where anyone can put their skills to the test.
On the topic of tests, users can also use the simulated market environment to experiment with trading strategies and backtest technical indicators for success. PrimeXBT also offers built-in technical analysis tools that traders can access and use to their advantage. It is a great way to get a read on the trend, spot support or resistance, and more.
If you don’t know how to use such tools, you’re still at the right place. In addition to all these ways to improve your trading game, PrimeXBT has launched what it calls the PrimeXBT Trading Academy. Led by expert trader Dirk Hartig, there is a wealth of knowledge in the videos he creates for the audience. Videos include trading tips, platform tutorials, and much more. He helps beginners get a start on the right foot.
Beyond these tools, PrimeXBT is a margin trading platform at its core. Long and short positions are available on more than 100 different trading instruments across forex, crypto, commodities, and stock indices. All of these are available from a single account, with a dedicated account manager for fully personalized services.
For those that are exceptionally skilled or highly unskilled, there is also the Covesting copy trading module. It is a peer-to-peer copy trading community where the global leaderboard system transparently tracks all strategy manager performance information and allows followers to use this info to pick the right trader to copy. Top strategy managers have reached 90,000% ROI and made a fortune for their followers at the same time.
For more passive investors, Covesting yield accounts offer up to 14% in a variable APY by staking idle crypto assets on popular DeFi protocols using the tool. COV utility token memberships can boost APY by up to 2x, and unlock a variety of benefits in the Covesting copy trading module. To learn more about what the benefits are and what else you can find PrimeXBT, be sure to check out the official website.
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