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 Know Your Customer (KYC) and Anti-Money Laundering (AML). Is LYOTRADE the right choice for you?
1. Trading ETFs
In addition to the classic methods, such as spot market, P2P, futures and grid, LYOTRAVEL also has ETF trading available. An exchange-traded fund is a financial tool to buy baskets of stocks containing shares of hundreds or thousands of companies with a single purchase. It is easy to buy or sell new shares without running the risk of seeing their value drop and accessing small quantities of major market indices. Because they’re highly diversified, ETFs are generally considered safe long-term investments with historically dependable returns.
2. Buy and Sell with Card and Bank Transfer
An essential tool especially for those who are using cryptocurrencies for the first time. A quick and easy way to buy cryptocurrencies and tokens and make a first deposit on LYOTRADE: this is the function buy crypto using your debit/credit card or with bank transfer. Conversely, it can also be sold. There are +50 traditional money available with which to pay and receive funds in fiat money. Convenient fees, this is the alternative to depositing from another wallet to start using LYOTRADE.
3. Staking USDT
LYOTRADE offers staking pools that are updated over time. Staking available on LYO Credit token and Tether USDT. LYO is a good token based on BNB and backed by a burning strategy. Zokyo conducted an audit on it with 98% positive result. As of December 2022, the staking pool with the highest return was 50% rewards per year. For each pool there are different period locks to choose from and the longer the period lock the higher the total rewards. To know about new pools join the telegram channel of LYOTRADE because once announced they reach the maximum capacity quickly: https://t.me/lyotrade
4. KYC and AML Procurement
LYOTRADE has a license based in Georgia for digital assets exchange services, digital assets and financial services, portfolio management. The exchange follows all the procedures for working in complaints according to the regulations of the countries in which it operates. In fact, an identity verification is required with him the user can ensure the ownership of his wallet, even in case of loss of password, he can contact the live support every week. A smart choice for centralized exchanges.
5. Promotions and Events
They are often airdrops to obtain free tokens or features published at events. For example, during the 2022 FIFA World Cup, a game was launched to buy team tokens and win if you pick the winning team. Online games and the possibility of winning free tokens with just a few actions are also promoted during physical events. The most recent airdrops and token bounties were airdrops for account activation on LYOTRADE to win LYO Credit, and on Twitter with a win of 1 Etheurum ETH for retweeting and registering on the exchange.
LYOTRADE is part of the LYOPAY group.