PrimeXBT is an award-winning platform that touts itself as a one-stop shop, and the company and its executives stand by that claim by regularly bringing innovative new products to the forefront of trading, while also providing a variety of familiar financial tools for professionals.

As part of that mission and the client focused approach, the margin trading platform also has an option to buy cryptocurrencies to fund margin trading accounts for those that are interested in trading CFDs for forex, crypto, stock indices, and commodities.

Here’s how to buy Bitcoin on PrimeXBT, as well as other assets like Ethereum and stablecoins, all without having to leave the account dashboard.

What Are Bitcoin, Ethereum, And Stablecoins?

Bitcoin, Ethereum, and stablecoins Tether and USD Coin, are all cryptocurrencies or digital assets that transfer value electronically from one user to another, all without the need for a third-party intermediary like a bank or payment provider.

Bitcoin was the first ever cryptocurrency and introduced blockchain distributed ledger technology to the world. The cryptocurrency is similar to digital gold, with a supply of only 21 million BTC.

Ethereum was created after Bitcoin, and was designed with additional elements such as smart contract functionality. Smart contracts include executable code within transactions to run decentralized apps for DeFi and much more. ETH the token is used to pay gas fees for making transactions and thousands of other coins are built on the Ethereum blockchain using these smart contracts.

Both stablecoins USDC and USDT are ERC-20 assets on the Ethereum blockchain. ERC-20 is a smart contract standard so that all wallets, and other blockchain functionality remains at parity. Tether (USDT) is a controversial stablecoin that is supposedly backed 1:1 by cash and cash equivalents to maintain a stable valuation with the dollar.

USD Coin is created by the Centre conglomerate, and is a trustworthy alternative to Tether. However, no evidence has ever revealed that the supply of Tether isn’t backed. Both coins lack the volatility that BTC and ETH experience due to the value being tied directly to the dollar.

Why Buy Cryptocurrencies?

People buy cryptocurrencies for various reasons. Perhaps they use them to pay for goods, send money across borders, or use them to trade for profits. The most popular use is for investing.

Bitcoin has risen from virtually worthless to more than $60,000 per coin. Even just ten years ago, it was trading for under $100 and has grown exponentially since. Those who invested early are now rich or retired.

Ethereum has outperformed Bitcoin since it was created, making it equally as profitable for those that have got involved early enough.

Stablecoins don’t change in value, so they’re not purchased for investment, but they still have use as a transactional cryptocurrency, sending value across the internet with simplicity and speed.

Stablecoins like USDT and USDC also make great base margin account currency due to the fact they aren’t volatile. This way when crypto prices are falling, base account value isn’t impacted by the margin currency of choice.

How To Buy BTC, ETH, USDC, and USDT on PrimeXBT

Fortunately, anyone can buy Bitcoin, Ethereum, or stablecoins easily on PrimeXBT in just a few clicks, and from there store them in their account for investing, or begin trading CFDs on crypto.

To buy BTC, ETH, USDT, or USDC, visit the Main section of the account dashboard, and click Deposit on the coin you want to buy. A button to buy BTC, ETH, USDT, or USDC will appear and allow the user access to a third-party module where cryptocurrencies can be purchased. There’s also now an option to exchange one type of cryptocurrency for another.

Simply input all of the required personal information and complete the necessary steps. Select the amount of the cryptocurrency you would like to purchase and check the exchange rate before confirming. Enter all payment details and double check all information before finalizing the transaction.

Once purchased, the assets are instantly deposited into a secure crypto account within the PrimeXBT dashboard, protected by the highest account level security features. Now that you hold crypto, it is then up to you which path to take? Continue to hold and stay exposed to the risk associated with crypto market volatility? Or trade CFDs and profit from that very volatility instead?