Press Release: Wednesday, September 29 2021, 13:30 CAT | Source: TurboXBT
The launch of the TurboXBT synthetic short-term trading platform has ushered in an era where traders can make instant profits across a wide range of trading pairs.
The TurboXBT Platform Offers Easiest Gateway to Earning Via Trading
TurboXBT is a relatively new trading platform that comes off with advanced features that is positioning it on the right path to take over in today’s competitive trading world. The platform was established to solve some of the most fundamental issues in the world of digital asset trading, and that includes, the challenge of latency, high fees, and profits that are not commensurate with the risks traders take.
The TurboXBT short term trading of synthetic digital assets is a creative evolution of investment options in the blockchain technology ecosystem. At the earliest stages, trading has been limited to the mere purchasing of real digital assets like Bitcoin (BTC), and Ethereum (ETH) amongst other altcoins, and holding them until their prices appreciate in value.
While this model remains the primary standard of gaining exposure to cryptocurrencies and the major way investments are being pursued by many people today, traders are in search of more profitable and faster alternatives. TurboXBT offers this and more as it practically gives investors exposure to their assets pairs of choice, without actually investing in the underlying assets.
TurboXBT lets traders bet on the price gain or fall of an asset within a very short timeframe which typically ranges from 30 second to 15 minutes. Atop this one of trading models, traders can make as much as 90%, a reward system that can be compounded by the positive shift in volatility. Amongst the core features that places TurboXBT as one of the major easiest gateways to make money is its commission free allowance. The platform charges no commission on its trades, and thus, gives traders additional value on their capital and profit alike.
TurboXBT Among Other Core Trading Platforms
TurboXBT is one of the hundreds of cryptocurrency exchanges around today. In today’s digital currency ecosystem, there are trading platforms with specialties offering various types of asset trading. To start with, there are centralized and decentralized exchanges, both of which differ in many respects, including how liquidity is sourced, and how assets are listed. While the former permits the placing of Limit or Market Orders to trade assets, the latter permits swapping one digital asset for the other.
Atop these two broad categories, exchanges catering to spot market trading, derivatives, and synthetic asset trading models have been developed respectively. Each of these exchanges have their ups and down, however, TurboXBT has expanded the superior offerings each offers with its short-term model
TurboXBT has also lowered the barrier of entry when compared to the competing platforms, as Know Your Customer procedures are waived for new registrations, and deposits and withdrawals have no limitation whatsoever.
How the TurboXBT Platform Works
TurboXBT is designed with a stylishly bold design that comes with the need to enhance user experience. The platform supports 17 different synthetic assets featuring commodities (Brent, Crude Oil, Gold, Silver), 8 different Forex currencies, Cryptocurrencies (Bitcoin, and Ethereum), and Indices (Nasdaq, S&P500, GER30).
Each of these assets are spread across 38 trading pairs, with a distinctive payout rate unique to each of them. The earning potentials on TurboXBT is a function of the payout rates, as influenced by the underlying market conditions over the time frame selected. Here is how the TurboXBT platform works below.
The trader or user selects the asset pair to trade, for example, the GBP/CAD 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.
It may be advised to get a good hang of the TurboXBT platform before the trader commits his hard earned funds into trading. The platform provides an avenue to do this risk free through its demo account. New accounts can access up to $1000 in free trading capital to access the demo, a model that works just like the platform, except that the profits and losses are imaginary. With the help of the demo account, users can perfect their strategies, and get accustomed to how the platform works.
It should be noted that opening an account with TurboXBT will require a functional email and password, and the depositing funds to trade can be done through any of the supported deposit cryptocurrencies including BTC, ETH, USDT, and USDC respectively. Just like the trading of digital assets, synthetic assets trading is an equally volatile engagement, as the assets track the actual price movement of their underlying assets.
What this means is that there are inherent risks in the use of TurboXBT, and coupled with the perfection of trading strategies, users are encouraged to adopt more effective risk management procedures featuring trading with funds they can easily dispose of.
The Benefits of TurboXBT Outweighs the Risks
By not discounting the risks attached as highlighted earlier, TurboXBT offers additional features that make the benefits outweigh the risks.
TurboXBT boasts of a 99.9% uptime, a feature that is necessary to lower latency and keep traders awake to take advantage of price moves all the time. The platform is also built with simplicity in mind, and as a result, there is a clearly defined profit and risk expectations that are provided prior to positions being taken, with only two order types across different durations
Funds and user’s data are also stored in a safe and efficient manner. As a trading engine that was birthed through detailed research and community feedback, TurboXBT is committed to the further product developments, in a bid to establish its goal of making trading easy, safe and profitable for all.
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This article is a Press Release received from TurboXBT. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.