Trading
Crypto trading involves buying and selling cryptocurrencies on a platform like KoinBay. Traders aim to buy low and sell high or trade one cryptocurrency for another.
Steps to Start Trading on KoinBay
Complete Identity Verification:
Access 'Personal Verification' from your profile icon.
Complete the KYC process, starting with Tier 1.
Once verified, you're ready to deposit funds.
Deposit Cryptocurrency:
Go to 'Balances'.
Choose a cryptocurrency, select a network and click 'Deposit'.
Send the amount to the provided Deposit Address.
Alternatively, buy crypto with fiat money; it will be deposited into your spot wallet after the transaction.
Start Trading:
Navigate to 'Trade' and select either 'Classic' or 'Advanced' trading.
Choose the pair you want to trade (e.g., BNB/BTC).
Go to e.g. 'Buy BNB' and 'Sell BNB' for trading.
Enter the amount and confirm your trade.
Monitor your trade under 'Open Orders'. Once it is completed, the trade is finalized.
Last updated
Was this helpful?