Cryptocurrency

5 Reasons to Download LYOWALLET for Crypto Trading

Blockchain technology and Cryptocurrency have been making headlines for a while now, and it’s for all the right reasons. The mass adoption of cryptocurrency is taking place worldwide, and people are flooding in to be a part of this futuristic digital transformation.

As per research by CoinDesk, it has been estimated that the global cryptocurrency market will more than triple by 2030, hitting a valuation of nearly $5 billion. This proves how much bigger the crypto industry is going to get, with more investors, businesses, and brands adopting to this rising tide.

And as you decide to become an integral part of the crypto world, LYOPAY helps you get through it one step at a time, to make your crypto journey easy. One of the first steps involved is getting yourself a crypto wallet.

One of the many interesting and essential crypto products in the ever-growing LYOPAY ecosystem includes LYOWALLET.

LYOWALLET is a non-custodial wallet that allows you to access decentralized crypto services and have complete control over your digital assets.

Today, we list down 5 reasons why LYOWALLET is the best choice for you:

1. Decentralized

One of the most important points is that LYOWALLET is non-custodial and decentralized. This means that you are able to buy, sell, and trade digital assets without sharing any of your personal data. This means that users have protection of privacy.

With decentralized wallets such as LYOWALLET, users also enjoy lack of censorship. No entity can control a decentralized platform or app. This means that they cannot be censored (as can happen in some countries) and the users can be sure that no one, but them, are aware of their activity within the app.

Moreover, one of the best features of LYOWALLET being a decentralized app is the fact that there are no maximum limits on transaction volumes.

2. Swap Exchange

LYOWALLET’s swap service involves getting a desired coin instantly at the most competitive price, allowing users to easily exchange one cryptocurrency for another without leaving their LYOWALLET. This provides users with complete anonymity.

Swap exchange is beneficial for smart-contract enabled chain, lower transaction fee chains, as well as to diversify your portfolio. This means that you can now buy, sell, or trade BTC, ETH, LYO, and other cryptocurrencies as per your preference.

Best part – the network fee is the only fee required, since it allows the transaction to be processed via blockchain. LYOWALLET doesn’t charge any other fees.

3. NFT Storage and Price Tracker

Collect NFTs and store them into your LYOWALLET. The app tracks the current prices of any cryptocurrency in the market. LYOWALLET offers you an easy way to keep all your unique ERC721 and ERC1155 crypto NFTs and game assets in one place.

Physical money and cryptocurrencies are fungible, meaning they can be traded or exchanged for one another. NFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible).

4. Wallet Connect

Wallet Connect is a convenient open-source tool that enables a mobile wallet to easily connect to decentralized web applications, and interact with them from your phone. It is a more secure way to use Dapps than desktop or browser-based wallets.

LYOWALLET’s Wallet Connect helps to significantly expand the flexibility and capabilities in the financial services sector.

5. Buy and Sell Cryptocurrency

LYOWALLET provides you with a range of convenient payment methods, giving you the ease to buy and sell your cryptocurrency using bank accounts and Visa/Mastercard. With LYOWALLET, you can have an instant and easy crypto transaction by simply connecting your credit or debit card to the account.

Additionally, you can buy and sell cryptocurrencies Wire Transfer. This is the fastest and most secure way to trade large amounts of cryptocurrencies at an exceptionally low cost.

LYOWALLET is easy and safe, and proves especially beneficial for beginners who have just started out in the world of crypto. Hence, whether you are looking to dabble or dive into the world of cryptocurrency, make sure to choose LYOWALLET to keep your digital assets safe.

The post 5 Reasons to Download LYOWALLET for Crypto Trading appeared first on Blockonomi.

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With 5 years of experience as an editor, Matthew has been a crucial part of TheTechly since its inception. He looks after the editing of news content published on TheTechly. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche.
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