Crypto As Collateral: How To Trade Global Markets Using Cryptocurrencies With PrimeXBT

PrimeXBT, an industry-leading multi-asset broker, has expanded its Financial Sector Conduct Authority (FSCA) licence in South Africa, enabling it to offer Crypto asset services. Local traders now have access to Crypto and fiat-denominated accounts on the broker's platforms, including PXTrader and MetaTrader 5 (MT5). Deposits and withdrawals can be made in Crypto or fiat, and both can be used as collateral to open trades across 150+ markets. This is a major step towards wider, more secure Crypto adoption in South Africa and across the wider region, setting the standards for future licensing frameworks.
This article will cover how South African traders can use PrimeXBT's platforms and tools to easily diversify their portfolios across markets, using Crypto as collateral for their trades.
With the expansion of its offering, PrimeXBT enables local traders to buy, hold, sell, and exchange popular Cryptocurrencies, including BTC, ETH, USDT, and USDC.
To deposit Crypto, clients simply choose which token to deposit and to which wallet or account. They then send the Crypto to the address provided. All transactions are fast and secure, with deposited tokens appearing in clients' wallets instantly. The broker uses top-tier security measures, including multi-signature cold storage technology to protect clients' digital assets. Rapid Crypto withdrawals are also supported.
In addition, PrimeXBT offers various payment options for fiat currencies. These include support for ZAR deposits and withdrawals, local bank transfers, and regional third-party payment providers like Capitec Pay.
When South African clients deposit ZAR, it's automatically converted to USD. From there, they can exchange into stablecoins (USDT or USDC) and use those to purchase crypto such as BTC or ETH. The same steps apply when converting crypto back to fiat. All fees are included in the exchange rate, and the process is quick and transparent.
PrimeXBT's powerful built-in exchange functionality enables seamless Crypto-to-Crypto conversions. The process is simple, with no complex order books. Clients just enter the amount they want to convert and between which currencies.
PrimeXBT empowers South African traders to do more with their Crypto by allowing it to be used as collateral to trade over a hundred global markets. These include Crypto Futures, Forex, and CFDs on Crypto, Stocks, Indices, and Commodities. Clients can open trading accounts in USD or USDT on PXTrader and MT5, providing added flexibility. With the broker's exchange functionality, other tokens can be easily converted to USDT, allowing traders to start opening positions immediately. The broker's platforms also offer a range of tools like TradingView integration, technical indicators, drawing tools, and algorithmic trading, to help clients analyse the markets and identify new opportunities.
Local traders benefit from industry-leading trading conditions, including fees as low as 0% on non-Crypto CFDs. For Crypto CFDs, trading fees start at 0.05%, while for Crypto Futures, they are as low as 0.01%. Leverage of up to 1000x is available; however, traders should be aware that leveraged trading significantly increases both potential gains and potential losses. It may not be suitable for all investors and should be approached with proper risk management. Spreads start from as low as 0.1 pips, and with PrimeXBT's VIP Tiers, clients can receive substantial fee discounts based on trading volume. The broker works with multiple top-tier liquidity providers to ensure fast and reliable execution on its platforms, leading to 99.9% uptime even in volatile market conditions.
By expanding its FSCA-regulated offering with the inclusion of Crypto, PrimeXBT is one of the first brokers in the region to truly bridge the gap between traditional and digital markets. South African traders can now take their portfolio diversification to another level, while moving capital seamlessly between asset classes. This opens up a world of new opportunities for traders to explore, backed by strong oversight and a commitment to security that comes from trading with a trusted and regulated broker.
Start trading with PrimeXBT South Africa.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website.
PrimeXBT (PTY) LTD is an authorised financial services provider in South Africa with licence number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.

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