TurboXBT User Guide: Learn How To Trade With Turbo
After great anticipation, TurboXBT is now live and open for trading. We designed TurboXBT as a short-term trading contracts platform, with the added benefit of offering a wide range of synthetic digital asset pairs. This guide is dedicated to helping you navigate the platform and make the most of its features.
Those with prior experience in trading cryptocurrencies may find TurboXBT intuitive to use. However, we have carefully compiled this guide to serve as a starting point for everyone, irrespective of trading or digital currency experience.
The TurboXBT Platform Overview
The platform is described as a multi-featured trading engine that features quick accessibility of functions. Below is the default opening screen:
The TurboXBT platform comes in dark mode with a touch of orange to enhance visibility. The simplified menu section contains side tabs for Positions, Trade History, All Trades, and Leader Board.
Positions refer to active contracts or open trades. Trade History will display a history of all settled trades since starting.
The Demo feature is perhaps the most visible aspect and shows a graph with real-time price trend movement. The default pair is BTC/USD. All users have access to a US$1,000 demo balance to practice strategies and help familiarize themselves with the platform.
As TurboXBT serves the global community, we support 15 other languages besides English.
Important Steps to Start Your Trading Journey
Having familiarized yourself with the trading interface, let’s take a more detailed dive into the platform.
Register Your Account
Using TurboXBT requires opening an account. However, aware of the drawbacks in the industry, we designed the account opening process with simplicity in mind.
In most cases, new users only need an email address and password to get started.
This is what the registration interface looks like:
To proceed, enter your email address and a password, then read the terms and conditions and check the box to indicate you agree with them. Once done, congratulations!! You now have a TurboXBT account.
Making Deposits
To enter a real short-term contract, your TurboXBT account requires funding with any of the supported digital currencies. These are Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), or Tether (USDT).
To fund your account, click on the orange-colored “Deposit” button at the top right corner of the page.
This brings up the interface above, with Bitcoin serving as the reference cryptocurrency. You will need to copy the wallet address or scan the QR code to make a BTC deposit.
If your chosen asset is either of the others, click on the relevant tab and a wallet address will be generated to make your deposit.
Once your deposit is confirmed by the network it will show in your TurboXBT account and you can start trading straight away.
Picking a Trading Pair
Navigate to the top left corner of the demo board and click on the drop-down menu. The interface below will be shown:
It lists the available asset pairs to trade. More pairs will be available soon.
When selecting which asset pair to trade, bear in mind each pair has different payout rates. These range from 75 to 85% for the BTC/USD, 70–85% for the EUR/AUD, and 67–75% for ETH/USD, EUR/USD, GBP/USD, and AUD/CAD.
These payout rates change in real-time depending on market conditions, and it’s good practice to note the current rate before executing a trade.
Putting a Trade, Timeframes, and Profit
After selecting a trading pair, you will need to choose a timeframe for the trade to run. Available timeframes range from 30 seconds to 15 minutes. Be sure to select one you are comfortable with.
Next is picking a direction, you can then either click the green ‘UP’ button to bet on price appreciation or the red DOWN button to bet on price depreciation. The TurboXBT platform will help you monitor price action throughout the duration of the executed trade.
Compared to other major trading formats, TurboXBT’s short-term trading is among the most profitable in the industry. While it is not devoid of risks, the short timeframe format helps to mitigate loss while enabling the exploitation of short-term price fluctuations. Depending on the trading pair, profits can be as high as 90% per trade.
TurboXBT Leaderboard
TurboXBT also features a ‘Leaderboard’ to showcase the best performing traders at a given time. It collates the top traders by their earnings over the last 24-hours. Below is an example of how it appears:
The Leaderboard acts as an incentive for users by providing a visual representation of consistently good trading decisions.
Profile Editing
Every TurboXBT account is denominated with a nickname beginning with the letter ‘‘u,’ and followed by a random sequence of numbers.
This public name can be edited by navigating to the ‘Account’ section, then clicking on the nickname to enter a name of your choice.
Save the changes by clicking the ‘Confirm’ button.
Other options in Profile include enabling Two-Factor Authentication (2FA) to safeguard your account from unauthorized access. Changes to the display currency can also be made here.
Withdrawal
A significant benefit of using TurboXBT is our quick cash-out feature. Funds are withdrawable to any Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), or Tether (USDT) address. Addresses are not fixed and there is always the option to change them at any point.
Initiate a withdrawal by going to the left sidebar and click on the ‘Transfer’ button. The interface will show two prompts, click on the ‘Withdraw’ option. You will be required to input the wallet address in the space provided, and you will need to verify the wallet in your registered email address.
This extra security step is required to safeguard your funds from unauthorized withdrawals.
TurboXBT is designed to help you stay safe at all times.
Up and Ready to Roll
Should you have any questions, you can contact our customer care team via the live chat option. We’re also on social media, but remember TurboXBT representatives never ask for passwords or details of your holdings.
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