How to Trade with PrimeXBT Turbo: a Definitive Guide

The cryptocurrency market is in the process of change, and now a new generation of trading platforms, instruments and strategies are growing in popularity, fuelled by the more sophisticated marketplace and demand from traders.

PrimeXBT has been leading the overhaul of the cryptocurrency industry, developing a range of advanced tools and features that have broken away from the past simplicities of the crypto trading, and directly contributed in the exponential growth of the platform.

We’re taking a deep dive into PrimeXBT’s newest release, Turbo, which provides 90% profits in 30 seconds, and introduces an innovative new way to engage with crypto markets.

PrimeXBT Turbo - Faster Profits

PrimeXBT Turbo provides a unique opportunity to generate the fastest profits possible in the cryptocurrency industry through the use of short-term Bitcoin-settled accounts.

Contracts are created that last for durations of either 30 seconds, 1 minute, or 5 minutes, with each contract being settled depending on the change in price over the specified duration.

Trading with PrimeXBT Turbo allows for profits of 90% within 30 seconds for any contracts that correctly predict the direction an asset moves within that period.

The ability to almost double an investment within less than a minute is unprecedented anywhere else in the cryptocurrency industry, and represents another step by PrimeXBT to continually innovate within the financial trading space.

PrimeXBT Turbo - Simplified Trading

Unlike normal trading where it is important for traders to have a deep knowledge of areas like technical analysis, PrimeXBT Turbo is suitable for beginners that do not necessarily require such a technical understanding.

The complexities of financial trading are reduced down to a few simple decisions with PrimeXBT Turbo, being the size of the investment, the direction that the asset will move, and a duration between 30 seconds and 5 minutes that are all that need to be selected.

At the end of the contract duration, if the asset has moved at least 1 cent in the correct direction that has been predicted, the trader’s account will automatically be credited with their profits.

PrimeXBT Turbo represents a new kind of trading that is suitable for beginners and experts alike, and that is easy to understand, and easy to profit from.

PrimeXBT Turbo - Try with a Demo Account Before Live Trading

In order for traders to ensure that they fully understand the process of using PrimeXBT Turbo prior to having to risk real money, the platform has provided demo accounts that allow traders to safely practice with Turbo, risk-free.

Selected accounts will be provided with access to the PrimeXBT Turbo demo for free, meaning that they can learn to use the platform before having to add their own funds.

How to Trade with PrimeXBT Turbo</2>

Step One: Setting up your Account

If you don't already have a PrimeXBT account, the first step is simply to go to this link in order to register without the requirement for KYC, taking less than 1 minute to complete, and only requiring an email address.

Once you have signed up you'll see a tab in the top left-hand corner of the dashboard saying “Turbo”. Click this link in order to go to the Turbo dashboard and to explore the trading interface.

Selected traders will also be provided with free demo accounts in order to trade with virtual money, and to provide feedback to PrimeXBT on the new platform prior to full launch.

Step Two: Add your Funds

If you already have a funded PrimeXBT Turbo account then you can skip this step, but if not the next thing you need to do is to go to the “Account” section and select “Deposit to Wallet”.

Select how much Bitcoin you would like to fund your account with, and complete the transfer in order to fund your PrimeXBT wallet.

From here you can easily go to the main PrimeXBT Turbo trading interface where you’ll find the blue “Deposit” button on the right-hand side of the screen. Click that button and complete the transfer of funds from your wallet to your Turbo account.

Step Three: Specify Contract Duration.

The next step is to select what the duration of the contract will be, with this determining the potential profitability of each contract, as well as how long a contract will remain open before expiring.

Each contract can have one of three different durations being either 30 seconds, 1 minutes or 5 minutes long, and this can be specified using the widget on the right-hand side of the Turbo trading interface.

Once you have selected a duration, you are able to move onto specifying the rest of the details of the contract.

Step Four: Select an Investment Amount

Traders are free to select any amount for the size of their trades on PrimeXBT Turbo, with the minimum required amount being only $1.

Once an amount is selected, a calculation of the potential profit of each contract will be displayed automatically.

From here the contract is set up with the only final requirement in order for it to be initiated being the choice of the prediction direction.

Step 5: Choose a Direction

The last step before entering into a Turbo contract is to select the direction that the prediction will be for.

There is a choice between either an “Up contract” or a “Down contract”, with Up contracts providing profit if the price of the asset has increased at the time of the expiry of the contract, and the converse being true for Down contracts.

The creation of Up and Down contracts can be done easily using the large green and red buttons on the right side of the Turbo trading interface.

By default, an order confirmation pop-up will show ensuring that the correct details are in place prior to executing a contract, however “one-click trading” can be initiated in order to be able to remove this pop-up and create contracts with the click of a single button.

Step 6: Watch Positions and Make Adjustments

Once contracts have been created, an icon indicating the direction of the contract will appear on the chart at the position that the expiry of the contract will take place.

All live contracts will also be displayed in the top left-hand corner of the screen as a list displaying these details for traders.

Once a contract is expired, if it is successful and the prediction was correct, the amount of profit will be added automatically to the trader’s balance.

Traders also have access to all previous trades in the “Trade History” section, and can assess previous contracts in real-time.

In Closing

PrimeXBT Turbo is the first platform of its kind to offer Bitcoin-settled synthetic contracts within the cryptocurrency industry, and this new way of profiting from the fluctuations of the market presents a wide range of advantages to traders.

Trading on Turbo requires only the selection of which direction an asset will move in over the course of the duration of a contract, while at the same time substantially reducing the amount of time that large profits could typically be made in.

The platform being launched in phases, with a gradual rollout of features following limited access to the platform for early adopters.

To apply to gain early access to PrimeXBT Turbo, submit your contact email here.