Types of Crypto Wallets That the LYOPAY Ecosystem Offers
- There are three kinds of crypto wallets in the LYOPAY Ecosystem that you can access: LYOPAY, LYOTRADE, and LYOWALLET.
- LYOPAY and LYOTRADE are centralized crypto services that are compliant with the latest AML and KYC standards worldwide.
- LYOWALLET is a non-custodial wallet offering decentralized features.
- You can download the apps here: LYOPAY, LYOTRADE, and LYOWALLET.
LYOPAY Wallet
LYOPAY is a portal that allows you to send, receive, and spend cryptocurrency with ease. As a LYOPAY user, you will be provided with your own unique wallet address to perform crypto transactions. Moreover, the LYOPAY wallet can be installed on a computer or as a browser extension.
Once you create a LYOPAY account, you will automatically be provided with a crypto wallet. You can follow these steps to register:
- Go to lyopay.com.
- Click LYOPAY Sign Up.
- Fill out the required fields including email address and password.
- Click Create Account.
A Euro account with a unique IBAN will be provided for you after the creation of your crypto wallet. With this, you can do fast SEPA transfers and access dozens of virtual assets available in the LYOPAY wallet including but not limited to Bitcoin, Ethereum, Litecoin, LYO Credit, Tether, and Uniswap.
LYOTRADE Wallet
LYOTRADE is a centralized cryptocurrency exchange that offers different types of trading such as spot trading, margin trading, futures trading, and ETF trading. You can also borrow stablecoins like USDT, BUSD, and USDC with 60 collateral options to choose from thanks to its feature Crypto Loans. Moreover, LYOTRADE supports 53 fiat currencies and 250 cryptocurrencies that can be purchased using debit card, credit card, SEPA, and SWIFT.
LYOTRADE prioritizes the latest Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols to ensure the security of your account and protect you/users from any potential involvement in illegal activities.
Passing the crypto exchange’s KYC process is the only requirement to create a LYOTRADE wallet.
- Go to lyotrade.com.
- Click Sign Up.
- Enter your email address and password.
- Click Create Account.
- Complete the KYC process.
LYOWALLET
LYOWALLET is a little bit different from the previous types because it is a non-custodial wallet that makes you the only one to have control over your virtual assets. This means that the private key that will grant access to the wallet will not be possessed by anyone but you, and even the LYOPAY team will not have access to it.
Furthermore, due to its decentralized nature, sharing personal information on LYOWALLET is not mandatory, and will let you buy, sell, and trade virtual assets while enjoying anonymity.
Using LYOWALLET is simple:
- Download LYOWALLET
Go to the App Store or Google Play and start downloading the app.
- Login
Sharing your personal data is not required.
- Secure your private key
A 12-word phrase will be given. Keep it in a safe place where only you will know.
The Importance of Opening a Crypto Wallet
Crypto wallets provide users with increased security, convenience, and personal ownership of virtual assets. However, the crypto wallets of LYOPAY, LYOTRADE, and LYOWALLET provide additional features such as the ability to send and receive virtual assets at any time.
You can start opening your crypto wallet by downloading these apps: LYOPAY, LYOTRADE, and LYOWALLET.
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