Trading has become one of the most sought-after activities because it brings advantages you can’t overlook. Trading can be a full-time job, a part-time job, or just a method to supplement your income. Suppose you are interested in earning passive income, but you do not trust the crypto area enough. In that case, you can try to learn about the apps and financial service providers that offer trading options, even for beginners.
LYO Trade has a user-friendly platform with a simple interface and hard-to-miss benefits.
Trading has the potential to bring in a lot of profit, and it also provides diversification. And to even the risks, you can build and develop a diverse portfolio.
The trading activity is typically seen to be a challenging process to break into. Still, if you have ambition and patience, you can make an income as a trader, especially when choosing a suitable and trustworthy platform.
Let’s take a closer look at how LYO Trade is dedicated to providing safe and convenient services for cryptocurrency trading.
LYO Trade experience
LYO Trade is a centralized digital currency exchange that offers the market infrastructure to investors that want to trade crypto-to-crypto rather than to fiat currencies. The interaction of buyers and sellers determines the market price of an asset.
Besides that, LYO Trade exchange offers 24-hour customer service, a mobile application, and an effective Application Programming Interface (API) for integrating trading apps like TradingView.
How does “centralization” work in crypto trading?
A centralized exchange is run by a third-party operator who acts as a mediator in trading, bringing market participants together. The central governing body maintains the trading environment’s stability, monitors trades, and manages the order book.
Trades from fiat to cryptocurrency can be conducted through centralized exchanges (or vice versa). They can also be used to make exchanges between cryptocurrencies. While this may appear to cover all possible transaction forms, there is still a demand for a different type of cryptocurrency exchange.
More about using LYO Trade
LYO Trade’s mission is to revolutionize the digital economy by delivering a safe, secure, efficient, multi-featured, and simple-to-use trading platform to everyone, anywhere and at any time.
They aspire to provide consumers with the highest quality service and a wide selection of products by delivering creative, secure, and cost-effective solutions. Because also diversity is one of their priorities, LYO Trade offers different types of trading:
A swap is an agreement for a financial exchange in which one of the two parties promises to make, with an established frequency, a series of payments in exchange for receiving another set of gains from the other party.
Spot trading is quite popular among cryptocurrency traders. We have various options to buy and sell coins whenever you want. The coins with high liquidity have a higher trading volume on popular exchanges than the others. As a crypto trader, you should be familiar with the patterns and techniques used by spot traders.
Fiat money is a government-issued currency that functions only through the general trust in the currency and the agreement that it has value. Fiat money gives central banks more significant control over the economy because they can control how much money is printed. Most mainstream currencies, such as the U.S. dollar, are fiat currencies.
A futures contract is one such financial instrument wherein a contract or agreement is formed between a buyer (the one with the long position) and the seller (the one with the short position), and the buyer agrees to purchase a derivative or index at a specified time in the future for a fixed price.
What else LYO offers?
Besides trading, LYO has its own token – LYO Credit token, which continues to create new pathways to make payments simple. LYO Credit tokens can be used to pay for several different items and services within the LYO ecosystem.
Why should LYO Credit token interest you?
Because with only a few clicks, you can lock a minimum of 50 LYO to the maximum of 100,000 LYO on the exchange and earn a variable return on investment. Moreover, staking rewards on LYO are processed every last day of the month after the pool closes.
And this is not all; the LYO Credit token can also be used to book flight tickets on LYO Travel. As said in the beginning, LYO wants to offer various products because they want to make the investment experience unique and profitable.
How does LYO Travel work? Unlike the usual method of purchasing airline tickets, the token aims to fill the void with new payment options. Consequently, travelers enjoy a hassle-free flight ticket purchase experience with LYO Credit, Bitcoin, Ethereum, Binance Coin, and others.
Starting trading on LYO Trade is simple. Visit the LYO Trade website, choose your trading type and follow the steps. For questions and more information follow them on Twitter and access their Telegram channel.