PrimeXBT has established itself as one of the leading Bitcoin margin trading platforms very quickly & is ADVFN recognized award-winning platform.
With PrimeXBT’s advanced features and functionalities, traders can greatly profit from the crypto and traditional markets by providing attractive margins and leverage products.
In this review article, we will not look at the core functionalities of PrimeXBT, but one of its products, which has created a new marketplace that allows you to generate unprecedented levels of profits.
This new platform is called “PrimeXBT Turbo,” which provides you the opportunity to multiply your bitcoins in the fastest and easiest way.
But, is it suitable for you? Let’s have a complete review of the platform.
What is PrimeXBT Turbo?
The PrimeXBT Turbo is a unique trading platform that offers to trade in bitcoin-settled synthetic contracts.
The platform allows you to profit up to 90% in just 30 seconds. These are short-duration UP and DOWN Bitcoin synthetic contracts that enable the opportunity for you to turbo-charge profits in no time flat.
It is true, and you don’t need to have any specialized skills or knowledge to operate this platform.
A beginner-friendly platform, you can profit from trading synthetic contracts by predicting the direction of the chosen asset’s price movement, whether it will move higher or lower from its current rate. Each trade duration is concise and is taken for either 30 seconds, 1 min, 5 min, 10 min, or 15 min.
If your prediction is correct, you will be paid up to 90% in profit, almost double what you invested.
Assets traded on PrimeXBT Turbo.
PrimeXBT Turbo allows trading in 30+ different synthetic contracts in cryptos, forex, and commodity.
Users can trade in crypto synthetic contracts, including BTC/USD and ETH/USD, 30+ synthetic asset pairs including gold synthetic contracts.
Benefits of PrimeXBT Turbo
The trading interface of PrimeXBT Turbo is quite intuitive and easy to grasp without any difficulty.
I must say PrimeXBT has done a commendable job designing a flawless platform, too, for a new marketplace. Let’s look at the benefits of trading on the Turbo platform.
- Simplified trading environment
Trading on PrimeXBT Turbo is straightforward and involves only a few steps. It removes the necessity to acquire specialized knowledge for trading in cryptos or any deep understanding of technical analysis. It’s a beginner-friendly platform, and you only need to predict the right direction of the market to generate profits, nothing else.
- Safety and stability of the platform
The Turbo exchange platform is a highly stable and reliable platform with 99.9% uptime, just like its sister platform. It uses a state-of-the-art trading machine that is highly responsive, including interactive charts, instant deposit/withdrawal features, and many more.
Further, it uses bank-graded security to secure all user’s funds.
- High return potential
What separates Turbo from other crypto trading exchanges is its competitive payout, which is the highest in the industry. If the accuracy of prediction is correct even by a small margin, the trader is entitled to a full payout of profit, which is impossible in any marketplace.
You can start trading from just $1 without the fear of losing a large sum of money.
- Privacy-focused platform
Trading on the Turbo platform doesn’t require KYC verification of users, which means it supports full anonymity, and account information is private at all times.
Risk-Reward for PrimeXBT Turbo
Before jumping to trade synthetic contracts with PrimeXBT Turbo, you need to understand the risk-reward scenario. The stakes involved are very high.
There is a greater risk of loss than normal trading, and there are always two possibilities while trading synthetic contracts. One, you take the full profits if your prediction is right, and second, you lose your whole capital if your prediction is wrong.
Therefore, it is not sufficient to predict right, but also, you need to understand your risk appetite before placing a trade.
For example, BTC is currently trading at $9,500, and in the next 10 minutes, you predict the prices to move up. Therefore, you place a UP trade of 0.001 BTC. And the payout is 65%.
If the BTC price closes above $9,500, you are instantly rewarded 65% of the capital invested. But, if it closes below $9,500, then you lose your full capital.
You can use the “Demo Account” feature, which is pre-funded with 1 BTC, where you can get familiarized with all the features and trading nature.
How to Start trading on PrimeXBT Turbo
For trading on PrimeXBT Turbo, you need to register with PrimeXBT, which involves a few steps and can be completed in a few minutes.
Click the “Register” button present on the top-right corner of the website. Now enter your valid email-id, password, and click on the “Register” button.
Now, complete the registration process by visiting the link that is sent to your email address. Your account creation process is complete.
Click on the “Account” section and then click on “deposit wallet” to get your personal bitcoin deposit address, where you need to transfer your funds.
Minimum order sizes are just 0.0001 BTC, and the platform’s minimum deposit is 0.001 BTC, making the barrier to entry extremely low and highlighting the platform’s accessibility. The incoming deposit will be credited to your wallet balance, and to start trading, make an internal transfer to your trading account.
Now, the most important part. Click on the “Turbo” option to enter the world of trading synthetic contracts.
The trading interface is pretty simple, and you can pick the details easily. Select the trading pair from the drop-down menu present on the top left corner of the screen.
Select the trading pair (the payout ratio is also given along the pair) you want to trade. You can analyze the chart for predicting the future price movement. It offers candlestick, line, range charts, and you can select seven different duration.
Once done, now select the trade duration present on the screen’s right side under the “Deposit” button.
Enter the trade amount, and based on your price movement analysis, either click on the “UP” or “DOWN” button. You can also notice the potential profit below the amount column.
- Trade monitoring
There are two ways through which you can monitor trades, either by visiting the open position section and through the charts.
Your trades will be shown in the open position section, the expected profit or loss scenario, and the time left for trade expiry.
When monitoring through charts, a small arrow appears on the chart as soon as you place the trade. The direction of the arrow indicates the position of each trade until its expiration.
The reward for a successful trade is paid immediately, whereas the amount is deducted from the wallet balance for losing trades.
Bottom Line: PrimeXBT Turbo
Indeed, the Turbo platform of PrimeXBT is a unique one and presents a huge opportunity to profit from trading in different assets.
Although the new platform helps generate huge profits faster, it is not suitable for every trader type due to the higher risk-reward ratio. And, given the fast-paced nature of crypto trading, it becomes a double-edged sword. Therefore, you need to tread cautiously when trading in such instruments.
Free demo accounts are available with up to 1 BTC to test-drive the platform. Register for PrimeXBT today to try the new Turbo platform.