As blockchain and cryptocurrencies make their way into the mainstream, the demand for regulated crypto exchanges are on the rise. Crypto exchanges are digital marketplaces where you can buy and trade cryptocurrencies. Additionally, crypto exchanges also help you with price discovery through trading activity, as well as storage for crypto.
Choosing a Crypto Exchange – Why LYOTRADE is the Right Choice for You
With hundreds of crypto exchanges now emerging, it is important to understand the key benefits to choose a crypto exchange. Today, we take a look at why LYOTRADE, which is a regulated and licensed crypto exchange that follows AML and KYC procedures, and also offers DEX SWAP services. Is LYOTRADE the right choice for you?
1. Offers several types of trading
One of the biggest advantages that LYOTRADE provides users is an easy-to-use, secure and advanced digital asset exchange platform with several types of trading offers. For instance:
- Spot Trading – This one is a hit amongst cryptocurrency traders, allowing you to buy and sell coins whenever you want to. Understandably, the coins with high liquidity possess a higher trading volume on popular exchanges, as compared to others. We recommend you be familiar with the patterns and techniques used by spot traders for more information.
- Margin Trading – Opening a margin account on the LYOTRADE platform allows for the trading of assets using crypto funds. Margin trading gives you access to larger amounts of crypto as capital for investments for a borrowing fee.
- Futures Contract – LYOTRADE’s Futures Contracts trading option allows two parties to form a contract where both parties agree to buy and sell a particular asset of a specific quantity at a predetermined price, at a specified date in the future.
- P2P – Peer-to-Peer or P2P trading refers to the act of buying and selling of cryptocurrencies directly between users, without the involvement of any third-party or intermediary. This kind of trading provides you with more control over the choice of party you wish to make a transaction with, at what price as well as the settlement time.
- OTC – Over-the-counter or OTC trading markets allow participants to trade directly between two parties, without the use of a central exchange or other third parties. Due to this, OTC trading markets are decentralized and do not have physical locations.
- Grid Trading – Grid Trading on LYOTRADE is a strategic tool that automates buying and selling futures contracts with orders that are placed above and below a set price. In this way, it’s possible to create a grid of orders at increasing and decreasing prices.
- SWAP DEX – A decentralized exchange, this is a fast, secure, and anonymous service that allows anyone to exchange BTC for ETH, and other cryptocurrencies of different chains.
- ETF Trading – An ETF, or exchange-traded fund, is a financial tool that follows the trend of a market or a group of markets. With this, LYOTRADE makes it possible for market participants to buy baskets of stocks containing shares of hundreds or thousands of companies with a single purchase.
2. LYOPAY Staking
Staking refers to locking your crypto assets for a set period of time in order to support the mechanism of blockchain.
LYOTRADE Staking service has been named LYO Earn, where users can access more staking pools and have the option to choose various locking periods for annualized returns. One of the main benefits of staking on LYO Earn is that you receive generous token rewards. Staking USDT and LYO allow users to earn as much as 36% to 50% per year.
Additionally, staking helps in validating the transactions that take place and helps boost the network’s security and efficiency.
3. Crypto Loan
Crypto Loan refers to the process of lending cryptocurrencies and tokens to LYOTRADE in exchange for stablecoins that you receive immediately. This helps you make earnings from the crypto you hold.
Users get provided with their specific private keys to their wallets that LYOTRADE supports. These private keys are put in secure storage that can be accessed only by a limited number of IP addresses through a VPN connection.
These private keys on your crypto wallets are renewed every month, as well as LYOTRADE’s risk control system checks the balances of all wallets every second.
4. Buy and Sell with Card and Wire Transfer (SEPA/SWIFT)
LYOTRADE gives you the ease to buy and sell cryptocurrencies with your card or via SEPA/SWIFT transfer. The entire process has been made seamless and allows you to trade over 250 cryptocurrencies and tokens with traditional currencies without any hassle. LYOTRADE currently has 53 fiat currencies for you to choose from.
5. Be a part of the entire LYOPAY ecosystem
It’s all about the bigger picture! Choosing LYOTRADE makes you a part of LYOPAY’s ecosystem as a whole, and to be able to contribute to the promotion of mass adoption of cryptocurrencies. LYOPAY aims to bridge the gap between cryptocurrency and its traditional counterpart, and being a member of the ecosystem’s community will provide you with an edge.
A key component of the LYOPAY ecosystem is LYO Credit (LYO), which is its native utility token built for multiple real-life use cases. Through LYO Credit, users who are part of the ecosystem can easily purchase flight tickets, paying transaction fees, staking, and much more.
Weighing All Factors
LYOTRADE fits in well and provides you with all the necessary requirements needed in a crypto exchange. With LYOTRADE, you can not only make easy and secure crypto transactions, but also enjoy the benefits of the ecosystem’s important products.
LYOPAY is setting a benchmark in shifting the paradigm by allowing products and services to be paid for with crypto so that everyone can make most of their wallets, making cryptocurrency mainstream for day-to-day use.