Multicurrency accounts and how they work

Multicurrency accounts

On PrimeXBT traders can deposit multiple cryptocurrencies to their corresponding account Wallets. Each currency will have a separate Wallet:

This means that Traders can also have multiple Margin trading accounts, Turbo accounts and allows Covesting Strategy managers and Followers to create and manage multiple Strategies and multiple Followings simultaneously in different currencies:

Each separate Margin account, Covesting Strategy and Following will be denominated in the currency initially chosen upon their creation.

Examples of multicurrency accounts

I deposit BTC to my BTC Wallet:

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

My Strategies (BTC)
Followings (BTC)
Margin account (BTC)

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

Conversion of currencies between Wallets is not supported currently. If you wish to top up the BTC, ETH, USDT(erc20), or USDC(erc20) wallets, please deposit the required currency directly to the corresponding wallet. Any deposited currency can only be used for a Margin trading account, Turbo, Strategies and Followings denominated in the SAME currency.

For example, deposited BTC can be used to trade with a Margin trading account denominated in BTC, however it cannot be exchanged for ETH, or allocated towards Strategies/Followings/Turbo/Margin trading accounts denominated in ETH.

To learn how to create and switch between your Margin accounts, see our tutorial: How to create and manage Margin accounts.

To learn how to create and manage multiple Covesting Strategies see our tutorial: How to create your Strategy.