A Review of TurboXBT: Make Accurate Price Predictions to Make Profits
The cryptocurrency market is known for its volatility, which is something that makes it all the more interesting for trading. The fluctuation in pricing makes opens up a lot of profit-making opportunities for the trading community. The number of crypto traders continues to grow as more and more crypto trading instruments get added to various platforms that are currently available in the market. However, anyone who is new to cryptocurrencies and interested in trading these assets finds themselves overwhelmed by these offerings.
Simplifying Crypto Trading
TurboXBT is a unique short-term contract trading platform that offers an easy entry point into the world of cryptocurrencies. Designed to be suitable for experienced and novice users alike, the platform implements a simple intuitive interface and a low barrier to entry and risk exposure.
An Overview of TurboXBT
TurboXBT is the product of the Republic of Seychelles-based Turbo Ticks Technology Limited with its registered address at Room 303, House of Francis, Ile Du Port, Mahe, Seychelles. The synthetic short-term contracts trading platform is available as a responsive browser-based application accessible from any connected desktop and mobile device.
The TurboXBT platform allows users to interact with multiple trading instruments like cryptocurrencies, forex, commodities and indices to predict their price movements over short durations. Those making accurate price predictions will receive rewards, whereas wrong predictions will result in users forfeiting the wager.
Starting Off on TurboXBT
TurboXBT is a global platform, open for users from across the world. For the sake of convenience, the platform is available in multiple languages including English, Spanish, French, German, Italian, Portuguese, Hindi, Bahasa, Turkish, Vietnamese, Russian, Chinese, Japanese, Korean, Bangla and Thai. In order to start using the platform, users should first create and fund their accounts.
Creating an account on TurboXBT is a very simple process that requires no more than an email address. One just has to enter the email address and password and hit register. Once the account is registered, they will have to click on the link received in their email to confirm the address and they are ready to start trading on TurboXBT. As the next step, users can fund their account by making a deposit in BTC, ETH, USDT (ERC-20) or USDC tokens.
With all these steps out of the way, they can start placing the wagers to earn profits.
Withdrawing funds from the TurboXBT account is similar to the withdrawal process, requiring users to initiate the process by whitelisting the wallet address to which they want to send the funds.
Placing Trades on TurboXBT
Once users log in to the platform, they are welcomed by a dashboard with a cleanly laid out interface that includes an interactive market chart with a trading interface to the right and account controls to the left. They can use the dropdown menu on the dashboard to select the market in which they wish to participate. After having selected the market, they can move to the prediction interface which comes with selectable pre-set prediction intervals along with a field to enter the desired wager amount. Once the user selects these parameters, they will be presented with the potential rewards percentage for making accurate predictions. Users can predict the market movement by selecting “DOWN” or “UP” and if the asset price matches the prediction during the specified interval, they will receive the reward, otherwise the wager amount will be deducted from their account.
The price charts are populated using data obtained from top-of-the-book bid quotes from the platform’s liquidity providers. Depending on the market types, the duration of prediction contracts may vary for each asset. And the best part is the minimum wager requirement. Users on TurboXBT can open contracts with as little as $1, which not only brings down the entry barrier drastically but also helps users reduce the risk depending on their appetite.
Assurance of Security
TurboXBT takes precautions to ensure that the user accounts and funds stay secure. In order to do so, it implements all the best industry-standard security practices. In addition to the implementation of SSL, the platform secures all crypto assets using a TOTP-based two-factor authentication solution that needs users to enter Google Authenticator generated code to confirm sign-in password changes, withdrawals etc.
In addition, the majority of the funds held by the platform are stored in cold wallets and the remaining are managed using hot wallets to meet liquidity requirements.
TurboXBT is a platform that is designed to provide an easy trading opportunity for users, irrespective of their experience. New users can open small short-term trades or wagers to predict market movements which will help them not only learn about it but also make a profit in the process. Meanwhile, experienced traders can use the platform as a fun way to put their knowledge to good use and secure a few wins.