Solidbit Beginners Guide

2022-05-16 09:59
Solidbit.io is a professional digital asset exchange designed for both retail and institutional clients. Solidbit.io establishes new industry standards with its high liquidity: more than 100 BTC on the top 20 levels in the BTC/USD order book. Join us today and trade all of the major cryptocurrencies with the best-in-class technology provided by experts in the blockchain.
Follow these simple steps to get started:
Step 1: Register Account

To get started, you should click the Registration button on the website's home page.

To create an account, you will be prompted to enter the email address and choose a strong password. Once you enter all the required fields, click "Continue" at the bottom of the page. Remember your password - you will need it to log in every time you visit Solidbit.

To complete the registration process and access your account, please enter the confirmation code sent to your email or click on the link provided in the verification email sent to you.

Once you have verified your account, you will be able to log in with your email and password.

Step 2: Set up Account Security

Set up your account's security as soon as you've created it. Go to the "Profile" section on the left and click "Security."

Choose 2FA via the Authentication app or SMS to your phone. This would allow adding an extra layer of security to your account by asking for a verification code when you sign in.

We have also integrated anti-fishing security measures. Once chosen, you will receive the identification code that will help to distinguish official emails from phishing.

You're now ready to start using your account.

Step 3: Complete Verification

You should now go to the "Verification" section in the "Profile". This will help you to unlock exchange features, including fiat withdrawals.

Before you start, you should agree to processing personal data and press "Next." To be verified, you will need to submit an identity document, such as a passport, driver's license, ID card, or residence permit.

Select the country that issued your document from the drop-down list.

After choosing the desired document type, be sure to upload bright and clear photos.

You can also continue on a mobile device. You will be prompted to open the link in your mobile browser or scan the QR code with your phone.

Once you've uploaded your document, please enter your email address to receive a verification code. Please check your mailbox and type in the code we sent you to complete address verification.

Please check the information you've entered carefully. When you're done, press “Next” to continue.

Once the data you've uploaded is approved, you'll be able to move on to the next verification level. This will allow you to increase the number of deposits and withdrawal methods.

Step 4: Deposit Assets

To start trading on Solidbit, deposit some crypto into your wallet. You can press the "Deposit" button when on the Dashboard page on the right or the "Funds" section on the left.

Click on the "Deposit" tab and choose the currency you'd like to deposit from the drop-down list. Solidbit wallet supports the most popular cryptocurrencies and stablecoins and USD fiat deposits.

For some assets, you can choose which network to send them over. Be sure to check the address you're sending your funds to matches the network you want to use. Otherwise, your funds can be lost.

When you press the "Proceed" button, you will be able to see your wallet address. You can now either copy your wallet address or scan the QR code.

You can also purchase cryptocurrencies with fiat. We've integrated Mercuryo payment provider into our system, allowing you to use debit or credit cards, as well as Apple or Google Pay. Select the Mercuryo payment provider, and then press "Proceed".

You'll be prompted to the partner website. Fill in the required data to finalize the payment.

Once you'll finish, your cryptocurrency will be deposited into your Solidbit account.

Step 5: Start trading

After you get your first cryptocurrency, you can start exploring our trading products. For now, we offer a spot market, where you can trade the most popular digital assets. Press on the “Exchange Platform” below the dashboard to get started.

We've created two trading interfaces for you to choose from: Simple and Pro Exchange.

Simple interface features a single-screen design that is easy to use and understand even for beginners. It allows you to buy or sell cryptocurrencies instantly and see real-time prices of trades performed by other users in our platform. If you are new and just want to try out trading, please choose “Simple Exchange".

If you want to use an advanced interface with many customization options, please choose “Pro Exchange”.

Pro Exchange is an advanced trading interface that allows users to place orders through a variety of strategies like Limit and Market. The last one are presented by Immediate Or Cancel (IOC) and Fill Or Kill (FOK) order types.

In Pro Exchange, we have built in a Trading View charting tool for crypto traders. It has all the features that professional traders need, such as technical analysis indicators (e.g., Bollinger Bands, MACD).

Once you have selected your desired strategy, click “Buy” or “Sell” at the bottom of the page to place an order. Your order will be executed as soon as possible if it meets all conditions such as market price and volume availability.

Please note: Trading cryptocurrencies involves significant financial risk and can result in the loss of your capital. You should always conduct your own research to understand the risks before you decide to trade.