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Trade cryptocurrencies

Cryptocurrencies available for trading

BTC

Bitcoin is the largest, and most popular, cryptocurrency in the market today. It was created in 2009 and has spawned the entire crypto market that is seen today.

ETH

Etereum is the original smart contract platform that lets decentralized apps be built on top of it that are fueled by the token, ETH.

LTC

Litecoin is a cryptocurrency designed to be a peer-to-peer payment coin that is often called the silver to Bitcoin’s gold

XRP

Ripple is the company that creates and owns the XRP token which is designed to be a cheaper, scalable alternative to cross border payments.

How does cryptocurrency margin trading work?

When traders decide to use margin trading for cryptocurrencies they will essentially borrow funds from the platform to increase the buying or selling power of their trade. Margin trading means that traders are only required to deposit a small percentage of the total value of a position.

In other words, on the Pacific Prime Markets platform, traders will be able to trade positions bigger than the capital they deposit, in order to increase profitability. Note, that margin trading can magnify your potential profit – but also your potential loss.

The benefits of cryptocurrency trading with leverage

Magnified profits

This leveraged margin trade then allows you to receive higher profits if the position goes the right way. However, the risk is that if the trade is unsuccessful the losses can be magnified too.

Portfolio diversification

By margin trading the trader is not forced to put too much of their capital into one trade. It allows for the remaining capital to be diversified around other trades and markets.

Gaining from the market fall

When trading on margin, traders can profit from a falling market by opening a short position, meaning they have the intent to sell high and buy back low.

Cryptocurrency leverage trading example

If a trader takes a short position of 10,000 XRP on 10x leverage, and the price of Ripple falls 3% the trader will earn a profit of 300 XRP. A similar spot trade without leverage would result in only 30 XRP earned.

Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.

How to start trading cryptocurrency

Create Your account

Create a new account on Pacific Prime Markets in less than a minute with only a registered Email needed to begin.

Fund Your account

Deposit funds into your personal wallet. Once your account is funded, you’re ready to trade.

Begin trading

What is cryptocurrency?

Why has trading cryptocurrencies become so popular

Cryptocurrencies have consistently outperformed all other financial asset classes over their lifespans, which has largely fuelled the ongoing increase in the number of cryptocurrency traders and the amount of investment flooding into global crypto-asset markets. Trading cryptocurrency can be highly lucrative, with the inherent volatility found within crypto markets providing persistent opportunities for executing profitable trades.

Pacific Prime Markets provides a safe and reliable platform to access global crypto-asset markets, with the capacity to execute up to 12,000 orders per second, and advanced security features built into our platform including multi-signature cold storage, mandatory Bitcoin whitelisting, hardware security modules with a rating of FIBS PUB 140-2 or higher, and the cryptographic hashing of all passwords and encryption of all sensitive data.

The Pacific Prime Markets platform is hosted on Amazon AWS, which has a proven track record for stability and security.

What are the most popular cryptocurrencies?

Cryptocurrencies that provide unique functions and solutions, with loyal communities around the world, and which are featured heavily in news coverage and social media, quickly grow to have the most exposure in popular culture.

Bitcoin

Bitcoin has been the largest cryptocurrency by price and market cap since its launch in 2009 to today, and remains the world’s most talked-about and popular cryptocurrency. The innovation built into Bitcoin led the way for the cryptocurrency industry to become what it is today. Bitcoin’s price has continued to rise year-on-year, with the increase in Bitcoin’s value during 2017’s bull run being over 1,900% in 12 months! Read Bitcoin price forecast.

The Pacific Prime Markets platform is hosted on Amazon AWS, which has a proven track record for stability and security.

Ripple

Ripple is the company that owns and runs the XRP token, one of the top five cryptocurrencies by market cap and a token aimed at revolutionizing the world of banking. XRP, fuels transactions on a financial payment network that allows for fast, globally-dispersed exchanges of different currencies. Many major players in the banking sector have partnered with Ripple, and as a result, it’s price has seen an ROI of over 2,700% in the past 3 years. Read Ripple price forecast.

Ethereum

Ethereum is the 2nd largest cryptocurrency in the world by market cap, and has seen some of the highest ROIs for investors of any crypto-asset in existence today. Ethereum with the first cryptocurrency to provide a system that did significantly more than just provide a way to transfer value. Ethereum executes code known as “smart contracts” on its blockchain that allow for programs to be run that can perform a wide range of functions. Read Ethereum price forecast.

Litecoin

Litecoin is the world’s 6th largest cryptocurrency by market cap, and is one of the oldest cryptocurrencies, with its launch being way back in 2011. Litecoin is known as the “silver to Bitcoin’s gold” because it was created from the same code that Bitcoin runs on. Litecoin’s profitability over the years has been one of the success stories of cryptocurrency, with Litecoin’s ROI during 2017’s bull run being almost 8,500% in just 12 months. Read Litecoin price forecast.

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