PrimeXBT platform interface consists of 5 main sections:
Account - make deposits, withdrawals, change account settings and keep track of your account’s activity and statistics. Trade - also known as Trading Terminal, this section is used to monitor the market, place trades and control your orders and positions. Turbo - Short-term Bitcoin settled contracts Covesting - Strategy management and Following Analysis - charts by TradingView for technical analysis
Let's take a separate look at Turbo.
PrimeXBT 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 of the platform allows you to profit by making short term price predictions. This section consits of 2 main parts: Turbo account interface and the Turbo statistics bar.
1) Turbo account interface - allows you to 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 - which is 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 (positions) Trade History - reflects your latest completed predictions (positions) All Trades - reflects latest completed predictions (positions) made by other traders Leaderboard - a leaderbord of all Turbo traders Settings - allows you to change your Nickname, enable One-Click turbo trading and switch between account's reflected currency (USD or BTC)
There are 2 possible scenarios when making a prediction - a prediction can be Correct or Incorrect.
Lets take a look at a Correct Prediction. Here 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.
We can see that 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.
Lets take a look at an Incorrect Prediction. Here 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. We can see that 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
When making a prediction, the Amount of funds selected for this prediction 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.
Each account has an initial DEMO balance of 1 BTC to test PrimeXBT Turbo risk free.
1) Once you are ready to trade with real funds, click the 'Go to real' button in the top-right corner of the Turbo page to transfer real funds from your PrimeXBT account Wallet to your Turbo balance.
2) After clicking the 'Go to real' button, 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 go the Deposit page of your PrimeXBT account. Make sure to check out our Deposit tutorial.
To withdraw funds to your external personal wallets, see our Withdrawals tutorial.