Navigating the world of cryptocurrency can be exciting, and having a reliable platform is key. This guide provides a clear, step-by-step walkthrough for new users looking to buy and sell digital assets.
Getting Started: Prerequisites for Trading
Before you can begin trading, you need to set up and secure your account properly. This foundational step ensures a smooth and safe experience.
Account Registration
The first step is to create your account. You will need to provide a valid email address or mobile number to get started. After submitting your details, you will receive a verification code to activate your account.
Downloading the Application
For the best experience, it is recommended to use the official mobile application. Android users can download the APK directly from the official source. iOS users may need to adjust their App Store region settings to locate and install the application, as availability can vary by country.
Personal Information Setup
Security is paramount. Before any trading activity, you must complete three crucial security settings:
- KYC Verification: Know Your Customer (KYC) is a mandatory process. You will need to provide a government-issued ID for verification to enhance account security and lift trading limits.
- Mobile Number Binding: Ensure your mobile number is linked to your account for two-factor authentication and secure login notifications.
- Funds Password Setup: This is a separate password used to confirm withdrawals and other sensitive financial operations. It adds an extra layer of security beyond your login password.
Adding a Payment Method
To withdraw your local currency after selling crypto, you must link a payment method. The platform supports adding bank accounts, and in some regions, popular digital payment apps. You can add these by navigating to the payment settings section and following the prompts to link your account securely.
How to Buy Your First Cryptocurrency
For beginners, the quick buy feature offers the simplest way to acquire your first digital assets instantly.
Using the Quick Buy Zone
This method is designed for ease of use:
- On the app homepage, tap "Buy Crypto" and select "Quick Buy."
- Choose "Buy," then enter the amount of fiat currency you wish to spend or the quantity of crypto you want to purchase.
- Select a trading pair like USDT and your preferred payment method.
- Confirm the order details. After placing the order, you will receive the seller's payment details.
- Transfer the fiat amount from your bank or payment app to the provided account.
- Once the transfer is complete, click "I have transferred, notify the seller." After the seller confirms receipt, the purchased crypto will be credited to your funding account.
Transferring Funds Between Accounts
Crypto purchased via quick buy enters your Funding Account. To use it for trading other cryptocurrencies, you must transfer it to your Trading Account.
- Go to your "Assets" overview.
- Select "Transfer."
- Choose the currency (e.g., USDT), and transfer from "Funding Account" to "Trading Account."
- Enter the amount and confirm. The transfer is executed instantly.
Trading on the Spot Market
The spot market allows you to trade one cryptocurrency for another. For example, you can use USDT in your Trading Account to buy Bitcoin (BTC) or Dogecoin (DOGE).
- Navigate to the "Trade" section and select "Spot Trading."
- Search for your desired trading pair (e.g., DOGE/USDT).
- Choose an order type. A "Limit Order" lets you set the specific price at which you want to buy.
- Enter your desired price and the amount of DOGE you want to purchase, then click "Buy DOGE."
Your order will be posted to the order book and filled when a seller matches your price.
👉 Explore more strategies for spot trading
How to Sell Your Cryptocurrency
Once your assets have gained value, you can sell them directly for fiat currency or trade them for other coins.
Selling via the Quick Sell Zone
The quick sell function is the easiest way to convert crypto to cash:
- On the homepage, tap "Buy Crypto" and select "Quick Buy."
- Choose "Sell," then enter the amount of crypto you wish to sell (e.g., USDT).
- Confirm the sale. The system will match you with a buyer.
- Wait for the buyer to send the payment to your linked account.
- Crucially, check your bank or payment app to confirm the funds have arrived.
- Once confirmed, enter your funds password to release the crypto to the buyer.
Selling on the Spot Market
You can also sell one cryptocurrency for another on the spot market, such as trading DOGE for USDT.
- Go to the "Trade" section and select the relevant trading pair (e.g., DOGE/USDT).
- Select the "Sell" tab.
- Choose a "Limit Order" to set your desired selling price.
- Enter the price and quantity, then click "Sell DOGE."
You can monitor your open and previous orders in the "Current Orders" and "Order History" sections.
Frequently Asked Questions
What is KYC and why is it required?
KYC (Know Your Customer) is a standard security process that requires you to verify your identity with a photo ID. It is mandatory on most reputable platforms to prevent fraud, money laundering, and other illegal activities, and it ultimately helps protect your account.
What is the difference between the Funding and Trading accounts?
Your Funding Account is used for deposits, withdrawals, and storing assets. Your Trading Account is specifically used to hold funds you wish to actively trade with on the spot or other markets. You must transfer crypto between them to trade.
Is my cryptocurrency safe on the platform?
Reputable platforms employ robust security measures, including cold storage for the majority of user funds, two-factor authentication (2FA), and encrypted data transmission. However, it is always recommended to use strong, unique passwords and enable all available security features.
What are the fees for buying and selling?
Fees vary depending on the method. Quick buy/sell transactions typically involve a spread, while spot market trades charge a small percentage-based maker/taker fee. Always review the latest fee schedule on the platform's official website.
How long do deposits and withdrawals take?
Crypto deposits to your funding account are usually confirmed after a set number of network block confirmations, which can take from a few minutes to an hour. Fiat withdrawals to your bank account can take 1-3 business days, depending on your bank and region.
Can I set up recurring buys?
Many platforms offer an auto-invest feature that allows you to schedule recurring purchases of cryptocurrencies, enabling a dollar-cost averaging investment strategy. Check the "Explore" or "Products" section of your app to see if this feature is available.