¿Ganar el 90% de la inversión en 10 minutos? Echemos un vistazo más de cerca a lo que TurboXBT puede ofrecer
Of the hundreds of trading platforms around today, TurboXBT makes it extremely easy to earn instant profit by trading synthetic short term contracts.
While the instant profits comes off as the exchange’s primary offering, this benefit is also compounded with instant payouts, all which makes the platform an innovative trading outfit to watch out for.
TurboXBT and its Trading Innovation
The digital currency ecosystem, and indeed, the broader digital economy is advancing at a fast pace. Innovators are beginning to design various means to take advantage of the rising popularity of digital assets, a trend that has stirred the emergence of various marketplaces where assets can be bought and sold.
Creativity is not static, and the ecosystem has seen the emergence of derivatives trading platforms, decentralized exchanges, and various spot markets, all of which have their own unique models. While the mainstream market is beginning to embrace these trading options, there is still a demand for more innovative offerings which will give traders and investors additional flexibility.
Through core research, TurboXBT was born as one of the newest platforms where investors can bet on the prices of digital assets. Unlike mainstream spot exchanges, the TurboXBT model utilizes synthetic asset mechanisms, in which the trading pairs track the price movement of the underlying assets.
While there are existing synthetic asset trading outfits operating today, TurboXBT introduces short-term models where users can enter contracts for short periods of time ranging from 30 seconds to a maximum of 10 and 15 minutes respectively. The TurboXBT model offers a great deal of convenience, as users will not need to deal with the hassles involved in crypto/asset custody, handling and management as the case may be.
How the TurboXBT Trading Model Works
TurboXBT and its short-term contract trading offering is new to the world of digital currencies. To get started, the user will need to register on the platform using a functional email address and password. In order to take a simpler approach to what is currently on offer, Know Your Customer (KYC) procedures are waived at the point of registration, a waiver that seeks to lower the barrier of entry across the board and give additional confidence to users about how their personal data is handled by the trading platform.
To help its growing user base get acclimatized with the platform, there is a user friendly demo account that can be accessed by all users after their successful registration. The demo account credits each user with $1,000 in tradable cash. With these funds, the user can test out how to place trades on TurboXBT, while getting used to how the time frames work amongst other features. The demo account works just as the normal platform trading, with the only difference being in the nature of cash used respectively.
Once enough confidence has been gathered about how the platform works, the user can deposit real funds into their TurboXBT account in order to place their first trade. The deposit can be made through one of the supported cryptocurrencies including Bitcoin (BTC), and Ethereum (ETH), as well the two largest stablecoins including Tether (USDT), and USD Coin (USDC) respectively. While TurboXBT charges no commission for the deposits made, gas fees based on the type of blockchain used may apply.
The deposited funds will reflect once the right number of network confirmations have been made. With the funds intact, here is the simple way synthetic short-term contracts work; the user selects the asset pair to trade, for example, the BTC/USD pair. A suitable time frame 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.
For example, a user who enters a DOWN contract with $500 atop the AUD/CHF pair with 65% to 75% payout rate will cart away with a total profit of $875 if the underlying asset pair falls within the set time frame. The profit estimation is based on the simple formula below:
Total Earnings Per Trade = Capital + [Capital x Payout Rate]
Different traders can choose the right time frames that work best for them, however, to balance out the effects of volatility, longer time frames such as 10 minutes helps to balance out erratic fluctuations in the underlying asset. Traders should not be elusive about the potential risks that may be attached to the use of TurboXBT. These risks may involve the loss of funds if not properly managed, and as a result, users are advised to utilize the demo as best as they can, and to also trade with disposable income.
Mitigating Risks Through Superior Platform Features
The design of the TurboXBT platform, brodering on its features and asset models, goes a long way in helping to mitigate the potential risks associated with the trading model.
To begin with, the platform supports 17 types of digital assets including cryptocurrencies, foreign exchange currencies, indices and commodities. These assets are grouped to form 38 various trading pairs, all of which helps diversify the options available to the users. When compared to existing competition, particular exchanges with utmost focus on only cryptocurrencies, users will be unable to hide from the impact of extreme price action in leading assets like Bitcoin. When Bitcoin is falling, almost all altcoins are known to follow suit.
With TurboXBT, diversity is key, as users can easily opt to trade indices when crypto is extremely volatile. Conversely, when the underlying conditions in commodities like Crude is unfavorable, users can easily embrace foreign exchange currency pairs.
TurboXBT is also designed with simplicity, speed, and with a bold design, all of which makes the platform highly user friendly. As an outfit that takes advantage of short term changes in the prices of assets, the platform is built with a guarantee of 99.9% uptime, giving every trader the leverage to be a part of the action ongoing in the market as it happens per time.
The risks of hacking and other forms of data breaches will be non-existent on TurboXBT through the platform’s bank grade security features. In all, the TurboXBT is ready to be tested out, and through the community backing its growth, more novel product offerings will be unveiled in the near future.
Coin Shark is not responsible for any content, accuracy, quality, advertising, products or other content posted on the site. The review is for informational purposes only, reflects only the opinion of the author and is not a proposal for action. The financial market is dangerous and full of risks, investments in cryptocurrencies can lead to losses. Users should do their own research before taking any action.