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Get Started with Trading

Get Started with Trading

1. Open your account

Go to the main page of LYOTRADE and click on Register. Once you are redirected to the registration page, provide a valid email address and a unique password. We recommend signing up with an email ID from gmail, outlook or a similar well-known email provider to avoid failure of receiving the necessary OTPs known to be resulting from lesser-known domains.

2. Complete the identity verification

You have to verify your account via the know your customer (KYC) process.
  1. 1.
    Select the profile icon and go to the [Personal Verification] menu.
  2. 2.
    Process the verification of Tier 1.
Once the account is verified, you can deposit on LYOTRADE.

3. Deposit crypto into your account

  1. 1.
    Go to the [Digital Account] page.
  2. 2.
    Select the cryptocurrency and click [Deposit].
  3. 3.
    Send the amount to the wallet address that will appear.
  4. 4.
    Alternatively, you can proceed to buy crypto through fiat, and the crypto will be deposited into your LYOTRADE's spot wallet after the transaction is successfully completed.

4. Start trading

  1. 1.
    Move the cursor over the Trade menu and then click on [Basic] or [Advanced]. This will show you all the current market details.
  2. 2.
    (Example) In order to sell BNB for BTC at the present Bitcoin price, you have to pick BTC in the right panel. Then, click [BNB/BTC] and you will see the corresponding trading page.
  3. 3.
    Keep scrolling down until you see [Buy BNB] and [Sell BNB] options.
  4. 4.
    Use the [Sell Coin] option to sell BNB. Enter the amount you want to sell.
  5. 5.
    Click the [Sell BNB] bar afterward. You will see a [Limit Sell Order Created] pop-up immediately.
  6. 6.
    Scroll down to the [Open Orders] section afterward to see the limit sell order.
  7. 7.
    Wait for the open order to complete, and once it happens, your trade will be completed.