Just as with other mainstream digital assets, TurboXBT, a platform that offers its users instant profits, has also grown as a hub for cryptocurrency trading in 2022. While TurboXBT presents one of the primary avenues for short-term trading of digital currencies, there are numerous options around today that users can choose from.
However, choosing a trading venue is not an entirely straightforward decision to make, especially for new users. Almost every week, the news of a trading platform getting hacked or suffering one protocol breach to the other often makes the rounds, indicating that unsuspecting cryptocurrency traders lose their funds amidst the proliferation of cybercriminals.
It is also not uncommon for user’s experiences on exchanges to be hampered with bad customer services. A visit to the social media handles of most exchanges will give a very good insight into how customers complain and nag about one aspect of the exchange’s services or the other. As a result, the trading platforms that brandish these and more obvious flaws are not a green light for traders looking to trade cryptocurrencies in 2022, and beyond.
Where Should I Trade? You Ask, We Answer!
It is outrightly an overreach or out of place to categorically recommend some specific trading venues to users. However, it is possible to point out some factors to watch out for that will guide the choice of where to trade safely, conveniently, and with benefits, and TurboXBT will be used as a reference in this regard.
Here are some of the factors to watch out for in order to pitch tents with a specific trading platform;
Safety
At least a major centralized trading platform and numerous decentralized exchanges for cryptocurrency trading have been hacked this year with barely 2 months gone. As the digital assets trading world evolves, so also will the nefarious activities in the space grow. A trading platform must be well equipped at all times to wade off the threats these actors pose.
On TurboXBT for instance, the platform is built with some of the most sophisticated technologies that shields both users’ funds and their data. Coupled with the fact that the platform does not request KYC details from its users, the attractiveness of TurboXBT as a platform that can be attacked is generally low.
For users checking out a variety of platforms, the safety, and history of the exchange in relation to hacking must be well considered.
Customer Service
It is not uncommon to find cryptocurrency exchange’s customer representatives not responding to emails for enquiries, account-related challenges, and more. While many trading platforms continue to promote their businesses to bring in new customers, they hardly invest in their customer care representation to match up with the growth they are fueling. This leaves customers stranded in case they need solutions to their accounts.
Despite its growing ecosystem, TurboXBT has continued to impress its users with a swift customer service help desk and is aiming to form the yardstick for other competitors to follow. While a number of trading platforms are not guilty of these, the majority out there are and users must watch out for these with open eyes.
Models for Customer’s Growth
Trading cryptocurrencies is a very volatile affair, and it must be approached with a lot of understanding, and at best, risk management safeguards. While many trading platforms have Stop-Loss and Take-Profit types of order matching technologies, many do not offer users the necessary educational support to grow their position and get better at the trade.
As a short-term trading platform, integrating Stop-Loss is not quite feasible, however, the platform approaches its risk management provision in a creative way. This is through the integration of a very functional Demo account model with which traders can practice their strategies in order to increase their expertise.
TurboXBT also publishes on a regular basis trading resources to help its users grow their skills.
Ecosystem/Community Incentives
Cryptocurrency trading platforms are established to make a profit, and as long as users continue to flock to their platforms, massive profits will be made. While these profits roll out, the onus lies on the trading platform to organize giveaways or incentive programs to give back to the community.
While this is not entirely mandatory, it shows that the trading outfit has the best interest of its community at heart. TurboXBT operates based on this ideology and thus far, the exchange has rolled out as many as two promotional campaigns in the past few months with more to come in the near future.
Cryptocurrency traders will be better off pitching tents with such platforms that give back to their community.
Key Takeaways
While simplicity is at the core of the TurboXBT platform, the competition is visible and the risks inherent in trading digital currencies either on regular platforms or short-term venues like TurboXBT can be significant. As a result, users should weigh their options when these factors have been adequately researched and reviewed.
No site has it all, and the choice of a trading platform should be accompanied by those that align with the trader’s basic requirements which also offer the right ease of use as TurboXBT is known for.
Disclaimer: This is a paid article. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
