This guide will walk you through the essential steps needed to start trading on Coinsbit.io. From passing the verification to understanding trading pairs and order types, you'll have a comprehensive understanding by the end of this article.
Let's get started!
Before you can start trading, Coinsbit.io requires you to complete the Know Your Customer (KYC) verification process. This is a security measure to prevent illicit activities and ensure the safety of all users.
After your KYC is approved, you can start trading. Let's focus on the DLTS/USDT trading pair as an example:
When you're on the trading interface, you'll notice options for different order types. Let's break down the two most common ones:
A market order allows you to buy or sell a cryptocurrency instantly at the best available price in the market. It's ideal for those who prioritize speed over price.
A limit order lets you set a specific price at which you wish to buy or sell. The order will only execute when the market price matches your set limit price.
Trading on Coinsbit.io is straightforward once you're familiar with the platform's features and requirements. Whether you choose market or limit orders depends on your trading strategy and preferences. Always ensure you understand the risks associated with trading and invest wisely. Happy trading!