Tesla Coin is a new mystery in the ever-growing cryptocurrency marketplace. According to the developers of Tesla Coin it developed as the platform to trade digital tokens.
The platform can help traders to make well-informed decisions regarding cryptocurrency buying and selling so they can bag heavy profits with minimal effort.
As things stand, the platform is free to use. How Does Tesla Coin Function and Is It Legit?
The majority of the individuals might have heard about Tesla Coin for the first time and they might be curious to know more about it.
The minimum amount you have to deposit on the platform to begin trading is $250. So, the platform only supports BTC, ETH, XRP, and ADA.
Tesla Coin is currently only available for web users, it has no mobile app today. It is free to use, you don’t have to pay any deposit or withdrawal fee.
It only supports USD and you can be connected with Tesla Coin’s customer support team over the call or through email. What makes Tesla Coin interested is it offers instant withdrawals and also backs automated trading.
Talking of the platform’s mechanism to support automated trading, it is self-authorized to identify and pick four of the most popular digital tokens.
There is no need for investors to pay any hidden fees or commissions and most importantly it is user-friendly and it can also accommodate beginner-level investors.
The only negative aspect of the whole protocol is its requirement of depositing the sum of $250 to begin trade.
The Detailed Explanation of Tesla Coin
It is an AI-powered trading platform specifically designed to support the trade of cryptocurrency only.
Using its power the platform can help investors make risk-free crypto transactions in no time.
Those investors who will use Tesla Coin to buy or sell cryptocurrencies will only be able to trade Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Cardano (ADA).
The platform can predict the slightest fluctuations in the price of its supported cryptocurrencies, this will help the traders to constantly be updated on the recent pricing.
As the result, those who will be using Tesla Coin could make risk-free decisions. The platform will also save time for customers
It is also important for investors to know that it does not share any information about its past success rate.
But in contrast to that it offers the account holders a free demo that how trade can be made with Tesla Coins and how to exercise the right choices to make profits.
A demo account will help investors to practice demo trading without using their real money.
How Do Tesla Coins Work?
According to the website of Tesla Coins, it uses AI technology to perform trading decisions. It automatically takes money from the digital wallets of users and uses that money for trading.
Moreover, it allows the investors to pull out their profits instantly. As far as the credibility of the platform is concerned, it has been developed by the world’s leading electrical auto manufacturer Tesla.
As of now, not a single crypto expert or regulator has voiced against the platform or pinpointed its credibility.
As far as the trade efficiency of the platform is concerned there has been no data available till now that shows the efficiency of the platform in terms of money-making.
But those who want to test how efficient Tesla Coin is can use its demo account to trade to get familiar with the platform.
There has also been a rumor that Tesla Coin is in some ways attached to Coinbase, one of the world’s biggest cryptocurrency exchanges.
But according to Coinbase, these rumors are false. Coinbase and Tesla Coin are not linked in any way or form.
This online trading platform since its launch has caught the eye of many investors and regulators.