By
Godfrey Benjamin
May 14th, 2024
Crypto is an industry that requires quite practical thinking, and when aiming to have some additional assets from crypto, you want every process to be as straightforward as possible. In this case, LYOTRADE can help you.
Developed by LYOPAY, LYOTRADE is a centralized cryptocurrency exchange that was launched to streamline numerous crypto processes. At a glance, LYOTRADE is a platform where users can buy, sell, trade, and stake crypto without any hassle.
An All-in-One Crypto Platform
LYOTRADE provides many types of crypto trading, the most popular being spot trading, futures trading, and margin trading. Besides, the platform has built a high liquidity system that is connected to a surprising number of 300 exchanges.
LYOTRADE has ensured that users have access to a safe, transparent, and extremely secure platform. Thus, LYOTRADE thoroughly follows the AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures.
Furthermore, in order to provide an even better user experience, the platform has the most stringent risk control mechanisms for spot, margin, and futures trading. This way, LYOTRADE constantly makes sure that its platform provides everything a crypto enthusiast may need.
Besides making the crypto trading process easy and straightforward, LYOTRADE has decided to add 3 more features to its platform: crypto loans, staking, and the option to buy crypto through a card or a wire transfer.
Buy and Sell Crypto Through Card or Wire Transfer
In order to trade or stake crypto, users should first hold such digital assets. And LYOTRADE has made sure that buying crypto on its platform can happen fast and securely. To do that, LYOTRADE has enabled users to buy and sell crypto through card or wire transfer.
At the moment, the exchange supports over 250 cryptocurrencies. Users can usually buy or sell crypto by using credit cards, debit cards, SEPA (Single Euro Payments Area), or SWIFT.
Staking on LYOTRADE
LYOTRADE allows users to access several staking pools on the platform. Moreover, crypto investors have the option to choose from various lock-up periods for token returns.
At the moment, the platform supports staking processes for LYO (LYO Credit is the utility token of the LYOPAY ecosystem) and USDT. To start staking on the LYOTRADE, users have to select a pool. Keep in mind that when choosing a staking pool, you should pay attention to the lock-up period and the reward.
Currently, LYOTRADE provides quite high rewards for LYO and USDT staking. The annual percentage yield (APY) for LYO staking is 36%, and the APY for USDT stands at 24%.
LYOTRADE has recently launched new staking pools on the platform, surprising users with extremely high annual yields. Thus, the platform encourages users to join the staking pools as soon as possible.
Final Thoughts
LYOTRADE is developed by LYOPAY and provides various crypto services for investors. Among the services offered by the platform, the most popular are trading and staking.
At the moment, LYOTRADE is launching new staking pools, allowing users to stake USDT and LYO, the utility token of the LYOPAY ecosystem.
The staking APYs for USDT and LYO are currently 24% and 36%, respectively.
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