Main - make deposits, withdrawals, change account settings and keep track of your account’s activity and statistics. Quick access Margin, Turbo and Covesting sections.Margin - manage your margin account, monitor the market, place trades and control your orders and positions.Turbo - predict price movement and earn by means of short-term Bitcoin settled contracts Covesting - Strategy management and FollowingsAnalysis - charts by TradingView for technical analysis
Let's take a separate look at Turbo.
Turbo Account Interface
PrimeXBT's Turbo allows you to make short term price predictions and profit from correctly predicting whether the price of an asset will be HIGHER or LOWER after a short interval (30 seconds, 1 minute or 5 minutes)
'Turbo' section consists of 2 main parts: Turbo account interface and the Turbo statistics bar:
1) Turbo prediction interface - change chart settings and make predictions. Here you can select the parameters of your predictions, such as Currency, Duration and Amount of funds used in a prediction.
2) Turbo statistics bar - on the left side of the 'Turbo' page, reflects prediction (position) statistics and activity. This part consists of 5 tabs- Open Positions - reflects your active predictions- Trade History - reflects your latest completed predictions- All Trades - reflects latest completed predictions made by other traders- Leaderboard - a leaderboard of all Turbo traders- Settings - change your nickname, enable One-Click turbo trading etc.
Correct and Incorrect Predictions
There are 2 possible scenarios when making a prediction - a prediction can be Correct or Incorrect.
Correct Predictions
Lets take a look at a Correct Prediction.A trader has predicted that the price of BTC/USD will be LOWER after a 30 second interval (duration). The green indicators reflect the price of BTC/USD when the prediction was made.
The price of BTC/USD at the moment is 9,306.0, which is LOWER than the price when the prediction was initially made (reflected as green indicators). If the price of BTC/USD remains lower than the initial price, a PROFIT will be made from these predictions.
Incorrect Predictions
Lets take a look at an Incorrect Prediction.A trader has predicted that the price of BTC/USD will be HIGHER after a 30 second interval (duration). The red indicators reflect the price of BTC/USD when the prediction was made.The price of BTC/USD at the moment is 9,270.0, which is LOWER than the price when the prediction was initially made (reflected as red indicators). If the price of BTC/USD does not rise higher than the initial price, a LOSS will be incurred from these predictions:
Payout % and Profit
When making a prediction, the Amount of funds selected will be immediately reserved and deducted from Turbo balance. If your prediction is correct, these funds will be automatically returned to your Turbo balance along with the Payout (profit) received for correctly predicting the price change.
Turbo Deposits/Withdrawals
1) To trade with real funds click the drop down menu in the top-right corner of the Turbo page and select the cryptocurrency that you want to transfer from your account Wallets to your Turbo account:
2) Next, the Turbo Deposit/Withdrawal buttons will appear, as shown in the screenshot below:
If you have not funded your PrimeXBT account previously, click the 'Deposit' button to deposit funds to your PrimeXBT personal Wallets. Our quick Primexbt deposit
'Turbo' trading allows you to make short term price Predictions on whether the price of an asset will be HIGHER or LOWER after a short duration (30 seconds, 1 minute or 5 minutes).To start, go to the ‘Turbo’ page of your account.
1) Choose your Turbo account currency2) Choose the prediction currency3) Choose the Duration and Amount of funds used to be used in your prediction. Click
or
to make your predictionThere are 2 types of predictions: UP - the price of the selected asset will be HIGHER at prediction expiry DOWN - the price of the selected asset will be LOWER at prediction expiry