One of the advanced and modern exchange that has been launched recently can be mentioned as Coin Local exchange, which has been able to attract many users so far. The reason why this exchange has made its way popular among users is that it has a safe and reliable environment for traders. Of course, this is not the only reason, but it can be said that this foreign exchange has also made its digital currencies available to Iranian users, and you can easily register in Coin Local exchange and even work with Coin Local exchange. You can also earn money by registering in Coin Local exchange. To earn money, you only need to introduce the platform of this exchange to your friends and receive up to 20% commission. It also has a trial version for trading or demo trading, which you can use to practice futures trading. Let’s learn local coin exchange .
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Introduction of local coin exchange
Before we provide you, dear users, with the training of Koin Locali exchange, it is better to talk a little about this advanced exchange so that you can get the necessary familiarity before downloading Koin Locali. This exchange is supported by the two top crypto site platforms such as Binance and Mercurvo to secure itself, and both of these exchanges benefit from high security with the help of Coinlocally exchange in conducting transactions and transactions. It is worth mentioning that by cooperating with Binance exchange, it aimed to be trusted among traders and also use the margin and futures trading sections of Binance exchange. It is better to know that this exchange started working in early 2022, which is known as crypto winter in terms of time, and chose a difficult year to start its activity.
Coin Local has not considered any restrictions for Iranians and you can create an account for yourself without activating the filter breaker in this exchange and proceed to buy and sell your digital currencies in a safe environment. You can even authenticate to the local coin exchange for more access and security, and working with this exchange is so simple that even beginners in the market can use it. Its demo trading platform allows you to use the exchange’s trial version and practice trading futures without the need for real capital before you commit your assets to the exchange. Next, we want to refer to the local coin exchange training.
Local coin exchange training, how to register in it
We will review the first training of Coin Locally exchange on how to register and create an account in it, for this you must first enter the Internet address of this exchange at coinlocally.com. By entering this address in your browser, the official site of this exchange will open; A page will open for you where you have to click on the sing up option on the top of the left page to complete the registration process.
After that, a page will open for you as shown in the image above, where you can create an account in this exchange through your e-mail or mobile phone number. Use uppercase and lowercase numbers and letters, then click on the register now option to send an SMS to your mobile phone number to confirm the correctness of your number. After completing these steps, the registration in this exchange is complete.
Local coin exchange training how to authenticate
After registration, we will reach the authentication stage; Of course, it is better to know that you can operate in this exchange without going through the authentication process, but you are faced with the limit of withdrawing from the account, which allows you to withdraw only 0.3 bitcoins per day. Local coin exchange has two levels for authentication, the first is Basic KYC with a daily withdrawal limit equal to 2 bitcoins and the second is Advance KYC with a daily withdrawal limit equal to 10 bitcoins. Click on the profile icon in the upper left corner to perform the Itda authentication, and then a menu will open for you to click on KYC.
Upon entering this page, you will see that the Basic KYC section will be open for authentication and click on the Verification Now option to pass. After clicking, a small window will open asking you to enter your name and surname, country, passport or national card, and in the continuation of this process, you must send the image of the back and front of the national card or passport after completing these terms to It takes five or ten days for the local coin exchange experts to report the result of your authentication.
Also, after completing this step of authentication, if needed, you can go to the next step of authentication, namely Advance, in this step, authentication is based on the face. With the special conditions requested from you, you must record and upload images and videos to complete this authentication step.
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Local coin exchange training how to deposit assets
To complete these steps, first log in to the user account and click on the profile-like icon from the menu and then click on the deposit option, then a page like the one below will open for you.
When this page opens, in the first step, you must determine the type of your digital currency and then select the blockchain page of your desired digital currency transfer, and therefore, by doing this, the dedicated web address of your wallet will be displayed. Next, you must copy the wallet address and use it in the exchange or source wallet to transfer your token, which is also available in the Minimum Deposit section to see how much digital currency you can deposit.
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Local coin exchange training how to withdraw from the account
As you can see, the process of withdrawing and depositing into the account are two processes that are almost similar to each other. On the main page, go through the same steps as before and click on the Withdraw option, then a page like the image below will open for you.
On this new page, first select your desired token along with the blockchain network, to see the maximum withdrawal amount, you should look at the Minimum Withdrawal section and to see the withdrawal fee, you should also refer to the External Fee section. After confirming these steps, you must enter the address of the destination wallet in the Address section and the amount of the cryptocurrency to be transferred in the Amount section, which will start the withdrawal operation by clicking on the Summit option. You can easily make money in this exchange by using trading strategy.
In this article, we discussed the training of the local coin exchange and provided information so that you can perform the steps such as registration, authentication, deposit and deposit well, and as we said, this updated exchange was launched in early 2022. The reason that it has recently come into use is that it has very useful and practical features and benefits, so in order to have better performance in your transactions, it is better to turn to this exchange.