BitDealz Exchange
How to Start with BitDealz Exchange? BitDealz Exchange is the most beginner-friendly platform that enables you to trade your holdings seamlessly.
Create and integrate a wallet to the platform (compatible with BNB) and get some BEP-20 Tokens.
2.1 Step-by-step Instructions To Get Started
Go to the BitDealz Exchange page.
Click Connect Wallet or integrate the wallet in the top-right-hand corner.
In the upper section, choose the token type to trade (from the list of available tokens) and make sure you have enough tokens in the wallet. You can token balance in the upper section of the same menu.
Select the token type in the lowest section to start trading.
Now, enter the amount in the upper section to trade the desired number of tokens you want to swap (spending token), or enter the amount in the lowest section to input the desired number of tokens you want to swap (receiving amount).
If you enter the amount in one section, the other section's value will be automatically calculated.
Now check all the information and click the Swap button.
First-time trading requires you to click the Enable XXX button for token approval.
Now, a window appears with extra details. Next, click the Confirm Swap button, and the wallet requests you to confirm the action.
Now, you can check the completed transaction by clicking the link.
2.2 How to add Liquidity?
This section helps readers to understand the procedure for adding Liquidity using BCoin and BNB.
Go to the Liquidity page.
Click Add Liquidity
Image Showing Add Liquidity Field
On the top left section, choose two tokens (Bcoin and BNB) in the trading pair where you want to provide liquidity.
Ensure the added liquidity by looking for V2 LP - 0.30 Fee tier.
Under Deposit Amount, enter the amount for any of the tokens, and the other token value is automatically calculated.
Note that tokens have enough balance and enter the specific amount or click the Max button to deposit the maximum available value.
Now, click Enable BCoin.
Note that while providing liquidity against BNB tokens, click Enable twice for each token in the pair, and now, the wallet requests you to confirm the action.
Now, click Add to proceed, and again the wallet requests you to confirm the action.
Next, click Confirm.
Now, you can check the LP token balance on the Liquidity page.
In the next section, the guidelines to add liquidity to the pool is given.
How to Remove Liquidity?
Go to the Liquidity page.
Under Your Liquidity, select the pair to remove liquidity.
Use a Filter to check all the liquidity positions.
Click Remove, and the screen appears.
On the screen, adjust the liquidity value to be removed using the button or slider or choose Max to remove all liquidity.
Click Enable, and now, the wallet requests you to confirm the action.
Now, click Confirm to receive tokens from your pair, and the screen displays the remaining liquidity value on the liquidity page.
2.3 How to Use Farms?
DeFi Farming allows users to earn rewards (BCoin tokens) for which they should stake two tokens to liquidity.
After staking tokens on the liquidity pool, they receive LP tokens. Place LP tokens on Farm for further earning.
To get to know the mechanism of DeFi Farming, Visit Farming Section
2.4 How to Stake in Pools?
BitDealz Exchange offers users earn BCoin tokens with its flexible staking options. With flexible staking, users can take BCoin tokens and collect the rewards or unstake the tokens whenever they want.
In BitDealz Exchange pools or Liquidity pools, token holders can earn interest by adding liquidity (by staking tokens) to the pools. As a reward, users receive tokens or earn interest based on their staking value.
A trader pays a trading fee of 0.2% when they swap tokens on the platform, out of which 0.17% is added to the liquidity pool of the trading pair.
Flexible Staking
Stake the BCoin, and you will get the rewards automatically distributed and reflected in the staking balance. Flexible staking allows you to
Add more BCoins to staking.
Collect rewards anytime
If you unstake within 72 hours, a 0.1% charge applies.
After the above specified time, the user can unstake with no fee.
The fee only applies to manual staking.
3 day reset time applies whenever you Stake BCoin to the pool
A performance fee of 0.2% is charged with each yield harvest. For instance, when you harvest 1 BCoin, a performance fee of 0.02 BCoin is charged.
2.5 Liquidity Pools
When adding tokens to a liquidity pool, you will receive LP tokens. In addition, the liquidity pool helps users to earn fees and BCoin tokens.
LP Tokens
When you deposit BCoin and BNB tokens to the liquidity pool, you receive BCoin-BNB LP tokens.
LP tokens received reflect your portion of the BCoin-BNB liquidity pool. You can also redeem the funds anytime.
Earn Trading Fees
The LP token holders can earn trade fees for their contribution towards the platform's liquidity. Whenever someone transacts on BitDealz Exchange, they pay a fixed fee of , , of which is added back to the liquidity pool.
Earn BCoin Tokens
BitDealz Exchange announces various projects with gamified economics that help users earn BCoin as a reward and keep the community engaged.
Fees
To check how much the trading fee is charged for each transaction, check out the Fee section in the swap detail section.
To check the type of Liquidity pool and fee tier, check out the Route section
2.6 BCoin
Within the BitDealz Exchange ecosystem, the in-built token has various use cases like
To provide liquidity
BCoin can be earned by staking tokens
As collateral for perpetual trading
To buy new tokens
To participate in new projects
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