Achieving consistency as a trader in the digital currency ecosystem has a lot to do with your skills, however, the trading model on the platform you choose also matters a great deal. There are exchanges whose underlying product offering generally makes it difficult to achieve consistent winnings but with the emergence of the TurboXBT synthetic asset trading platform, this narrative is beginning to change.
The TurboXBT exchange is new in the crypto ecosystem. The trading platform comes off as a disruptive outfit when compared to the offerings being offered by existing competitors today. The exchange allows traders to easily take advantage of short-term changes in the prices of a wide array of digital assets for a chance to make instant profits.
Despite its newness, TurboXBT has a number of features that have positioned it to be on track to take over as a major trading hub for both new and professional traders in the near future. This article gives an overview of TurboXBT, its features, trading model, and benefits for its early adopters.
All About the TurboXBT Platform
The TurboXBT exchange is a simple to use trading platform where users can enter into contracts to bet on price gains or losses. The design of the TurboXBT platform all works to support this innovative trading model that is one of a kind in the digital asset exchange world. The platform is designed to allow traders to enter UP or DOWN contracts depending on their prediction of the movement in the prices of the assets they wish to trade.
The distinguishing features on the TurboXBT platform are outlined below:
Trading Modalities on TurboXBT
Account registrations on the TurboXBT platform require no KYC. This allowance restores confidence for the new page visitors as it helps in keeping their personal account information private at all times.
As a short-term trading engine, TurboXBT brandishes high speed for all of its platform functionalities. The process from the first visit to the first profit takes just about 3 minutes. Orders can be placed instantly within a few clicks after logging in.
- A flexible trade entry point
TurboXBT lets everyone trade at their own pace. Users are under no obligation to fund their accounts immediately after registering. Infact, they can start trading at whatever time they feel they are ready.
Clearly defined profit and risk expectations are provided prior to positions being taken, with only two order types across different durations.
The platform design comes with a bold, user-friendly interface that is visually appealing to all users.
Additionally, the primary offering of the TurboXBT platform requires a high degree of stability. This was factored in with the underlying design of the exchange and as such, the site boasts of a 99.9% uptime, ensuring that no profits are left on the table. The safety of funds is also guaranteed through the platform’s bank-grade security to safeguard all user’s funds. In all, TurboXBT offers a convenient funding mode that involves the four of the most traded digital currencies including Bitcoin (BTC), Ethereum (ETH), USDT, and USDC respectively.
TurboXBT supports as many as 38 trading pairs obtained from a broad range of 17 digital assets cutting across cryptocurrencies, commodities, indices, and foreign exchange. Each of the supported asset pairs comes with their own unique payout rates, some of which comes as a range. The payout rate is also a function of the underlying market conditions within the time frame chosen.
To trade on TurboXBT, the user will need to open an account in a few simple steps using a personalized email address and password. Once the account is opened, funds will need to be deposited using one of the above-listed funding cryptocurrencies. While the TurboXBT exchange charges no commission for using the platform, users will need to take note of the network charges when depositing funds.
With funds loaded up, here is the simple step to place the first trade on TurboXBT:
The user selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame ( which could be any from 30 seconds, 1 minute, 5 minutes, 10 minutes, or 15 minutes) that is visible on the chart interface is then chosen, and the trade is executed by clicking either the green UP button for the upward trend or the red DOWN button to bet on price falls.
Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit.
While it appears that executing trades can be as easy as described, significant risks can be involved. As a result, users must trade with caution and employ a good risk management technique to help minimize losses. To understand how the platform works before funds are committed to trading, users may take advantage of the demo account accessible to them when their registration is successful. With the demo, live trades can be placed, with the user getting exposed to how winnings and losses are calculated per trade.
As highlighted earlier, the amount of profit earned per trade can be increased significantly depending on the trading pairs chosen and the accompanying payout rates. Assuming a user entered a DOWN contract on Brent with a 70-85% payout rate using $1000, and the price of the synthetic asset traded low in relation to the time frame chosen. The profit would range from $70 to $85 depending on a trusted algorithm computation using underlying marker conditions at the time.
Based on the estimation at the upper end of the range, the total amount that will be deposited in the user’s account will be $185 based on this simple computation.
Total Earnings/Trade = Capital + [Capital x Payout Rate]
Earnings are paid out instantly and there is no limit on withdrawals.
Taking the First Step
Beginning a profitable trading journey on TurboXBT should be accompanied by the assurance of the safety of data and funds. The platform offers simplicity and the needed support for all users irrespective of their level of experience in trading. TurboXBT’s global push has made it integrate 16 languages, a novel addition that seeks to make its innovative offerings within the reach of everyone around the globe.