[GUIDE] [TRADING] How to Use Aiodex Trading: A Beginner’s Guide
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Aiodex was launched in September 2018. Aiodex trading platform is warmly preferred by many in the crypto community because of its unique business model (and approach to fees), high data processing speed and multilingual support.
Aiodex is a crypto-to-crypto exchange, hence deposits in fiat are not possible.
Why Should I Open a Aiodex Account?
Aiodex is not just a crypto exchange; it is an ambitious ecosystem that aims to run the crypto market in the most remarkable way. Aiodex is growing fast, adding more tokens and coins as well as trading pairs.
Aiodex has an easy-to-understand user interface, good support and high liquidity. These features make having an account with Aiodex worth it.
Key Features of Aiodex
Security: Use of HTTPS, Google 2FA verification, SMS verification, cold wallet, personal account security and other five major security plans to ensure users trade their assets with security.
Privacy: All our traders' information is fully secure and kept undisclosed.
Free Listing: We will be listing coins that are voted by the community and in the future we aim to have most cryptocurrencies listed so you can trade all in one place.
Low Fees & No Hidden Fees: All our fees are transparent, upfront and listed when you make a purchase. The trading and withdrawal fees will be held as low as possible.
High Performance: To ensure stability we will take Bank-level standardized servers to operate flawlessly even when experiencing huge traffic.
Ease of use: User-friendly interface allows Aiodex to provide users with convenient transaction services, including automatic deposit and transfer.
Limited Verification: To create an account and begin trading you will only be asked to provide your email address. Verification is only required for large withdrawals over the daily limit.
Advanced Trading Tools: Our platform provide statistical analysis tools when you make trading plan.
Referral Program: Invite your friends and earn up to 80% of the commissions on their exchange transactions.
How to Open an Aiodex Account:
Step 1: Go to the Aiodex website
The Aiodex website is https://aiodex.com/
There are 2 very important points to note here. The first is the locked padlock sign before the web address in the address bar of your browser. If this sign does not show, do not go any further.
This sign is accompanied with the word “secure” on some browsers. Also, notice the “s” in front of “http.” These are signs that show you are on the right website and not a phishing website.
The second point is that once you confirm you are on the right website, bookmark the website on your browser. In that way, you will always be sure to head to the right place when you go through the bookmarked link.
Step 2: Register
Those who already have a Aiodex account will click “Sign up” but to open a new account, you click “register.” After clicking “register,” the website takes you to this page:
Here you fill in the appropriate details. Most people use an email different from their personal everyday email to be more secure.
Then, you create a password. The good password is expected to contain small letters, cap letters, numbers and a sign or mark (like, ?%#). Most people have challenges remembering their password when it is like this, so it is advisable to write it down on a piece of paper and keep somewhere (like in the middle of a favorite book), just in case.
When all the fields are properly filled, click “register.”
Step 3: Verify Your Account
After all fields are properly filled, a notification is sent to you from Aiodex to verify your email. From the mail in your inbox, a link will send you to Aiodex where you will be able to log in as a user.
Step 4: Enable 2-Factor Authentication
2-factor authentication is a security measure that ensures only you have access to your account. It takes place via a phone app known as Google Authenticator (available on android and iOS) which connects with your Aiodex account and constantly generate random numbers every 60 seconds that serve as the key to access your account.
Without 2-Factor Authentication, your account is not considered secure and hence it is necessary to activate it.
After this, you will be ready to start trading.
Sometimes during log-in, the authenticator code can be deemed incorrect. This is due to network lag. In those cases, all you have to do is to wait for about a minute before trying the same code again.
At times, it could take 2-4 minutes before the code is accepted. This is due to network lag and is no reason to panic. However, if after trying several times for 10 minutes, you are still unable to get in, then you should contact Aiodex Support.
Step 5: Deposit Funds Into Your Account
Click on “Wallet” --> “Deposits”, as show below:
This will take you to the “Deposit” page which looks like this:
When any coin is picked, like BTC in the above image, an address to send the deposit to shows up. It is important to send the cryptocurrency to the right address. For example, sending GEEK to an BTC address will result in loss of funds.
When a deposit is received and pending, when the deposit is completed, it is tagged “completed” and then you can trade with it.
The time taken for a deposit to be completed varies. It usually takes a few minutes, but sometimes because of network congestion, it can take more. Once you see the deposit as “pending,” you can be sure it will be completed even if you log out of your account.
Buying, Selling, and Trading Cryptocurrencies on Aiodex
Once you’ve deposited funds in your Aiodex account, you’re ready to buy, sell and trade cryptocurrencies!
How to Place An Order On Aiodex
Go to “Exchange” and then “Basic” as shown below:
This is where an order is made. Aiodex has crypto pairs with GEEK, BTC, AEG, META, LPC, NORT, XSN, SCC, TRTT… and USDT. You can easily pick a pair you would like to trade (from the top right list) and make an order.
In the image above, the pair selected is GEEK/BTC. This means to buy GEEK with BTC or sell GEEK for BTC.
There are 3 types of orders: limit order, market order and stop-limit:
• The limit order is where you set which quantity you want to buy or sell and the price, then wait for the market conditions to make it possible.
• The market order is where you set only the quantity to buy or sell instantly at the current price.
• The stop-limit is an order to sell a set quantity if the price goes below a preset price.
After putting in all the figures to buy or sell, be sure to check through before clicking “buy” or “sell,” especially paying attention to the appropriate number of zeros. Mistakes here are usually very costly.
You can see your orders and trade history under the “Open Order”
How to Withdraw Funds from Aiodex
Withdrawals are just as easy as deposits.
Click on “Wallet” --> “Withdrawal”, as show below:
Then it will take you here:
Just as in deposits, choose any coin you own that you would like to withdraw. Then you input the address you would like to withdraw into.
Remember to make sure you are sending the right cryptocurrency to the right address. You input the amount and submit. Once you submit, you will see the status of the withdrawal on a list on the right side of the screen.
Once completed, the withdrawn funds should be in the appropriate wallet.
How Much Are Aiodex Fees?
One of the standout feature of the Aiodex trading is its low fees. The trading fee is 0.1%.
Aiodex Customer Support
Aiodex has 24/7 customer support,, available in 19 languages namely; English, Chinese, Portuguese, Dutch, Russian, French, Spanish, Italian, Vietnamese, and more.
The customer support does help users recover lost funds when possible. In phishing attacks, fund recovery may be impossible. Phishing is when a fake and fraudulent website or link disguises as the real for you to be tricked into entering your account details and have it stolen.
Although Aiodex is a blockchain assets trading platform, the platform has demonstrated a phenomenal ability to capture the needs and wants of crypto traders. It is also simple enough to lure newbies into crypto trading.
Creating an account and trading cryptos on Aiodex is as simple as we’ve shown above. Ready to start trading? Head to Aiodex now.
Source viva: https://medium.com/@DanielJenk...