Crypto Academy

Staking

Staking

6 min reading

Don’t hesitate to try cryptocurrency staking on bit4you!

Staking

Staking

Introduction

Staking is becoming one of the easiest and most effective methods of mining new currencies on the crypto market. According to Staked, the total amount of PoS currency staking incentives reached $18.9 billion by the end of 2021. According to the company’s specialists, this amount has nearly quadrupled since last year. This is due in large part to the excellent preparations for the introduction of Ethereum 2.0. This article explains what cryptocurrency staking is and informs that it is now available on bit4you.

What is staking?

Сryptocurrency staking is the holding of tokens on a cryptocurrency wallet or exchange platform. This is the way the network is kept operating. Staking also validates every new transaction that is added to the blockchain.  In turn, validators get rewards for securing blockchain transactions. Besides, staking is generally possible for currencies with Proof-of-Stake (PoS) blockchains consensus mechanism or one of its variants such as dPos, or Lease PoS. Staking, for example, can be complemented using a smart contract or DeFi-protocols. Moreover, there is no need to buy pricey equipment if you choose to stake cryptocurrency. The percentage of income depends on the coin chosen.

Types of staking

There are multiple kinds of staking:

  1. Proof of Stake (PoS). It makes use of the same blockchain that everyone is the most well-known. The distinction is that, instead of Proof-of-Work like in Bitcoin, the validator of the next block in PoS currency is chosen depending on the sum of PoS coins. All you need to do to receive a reward is have coins in your wallet.
  2. Delegated Proof of Stake (dPoS). This consensus approach addresses BTC’s scalability issues. dPoS is scalable, and it lies at the heart of the three active blockchains in use today. This algorithm is comparable to the democratic concept in that around twenty representatives are chosen to generate crypto coins and those who voted for them receive an income.
  3. Lease Proof of Stake. This algorithm enables any user to rent his money to quality nodes with good connections. Thus, small users will be able to obtain more frequent incentives. If a node invests enough, it can become a masternode. In turn, these nodes are more dependable than regular ones. For example, as in Dash, masternode staking is frequently paired with standard PoS or PoW (Proof of Work).

Staking or mining?

The underlying blockchain consensus process used to validate transactions is the primary distinction between mining and staking. Mining necessitates the use of specialized mining equipment (such as GPUs or ASICS), which consumes a significant amount of energy. However, mining demands more processing power and increases the chances of solving a math calculation, adding a block, and receiving a reward. According to Vitalik Buterin, staking is more ecologically sustainable and saves more than 99 % use. With staking, the more native tokens you hold, the more likely you are to be chosen to confirm new blocks. Because of the huge list of requirements, many PoS crypto holders prefer to entrust their funds to other users or cryptocurrency exchanges. Bit4you, like other prominent platforms, offers a locked staking option to its customers. Also, if you want to figure out what are PoS cryptocurrencies listed on bit4you, just visit bit4you Academy and check the cryptocurrency section.

Staking on bit4you

Today, Belgian cryptocurrency trading platform bit4you offers to stake crypto assets. This implies that customers get rewarded only for depositing and holding cryptocurrencies in their wallets. Users may trade and exchange tokens on bit4you as regular, getting incentives based on daily balance checks for any currency that supports staking. To cease getting staking rewards, just withdraw or sell a supported currency.

How to stake cryptocurrency on bit4you?

First, connect to your account and the Market menu. There will be a new section called “Earn.”. To proceed, you must accept the terms and conditions. After that, go through the list of coins that are accessible for staking. Be aware that the list of coins is constantly updating. The rate takes into account the APY percentage, available duration, the minimum number of coins required, and their availability. It’s worth noting that the Annual Percentage Yield shows the overall amount of staking rewards expected to be received for a year. By clicking the Stake button near the selected asset, you can specify how many coins you wish to lock for a defined amount of time. Then you’ll get the Earn summary, which includes the order, start and finish dates, and total expected gains. It is important to know that you cannot dispose of the locked coins during staking. Once you finish specifying all the details, click on “Stake Now”. However, you will receive a piece of reward every day. Additionally, the original amount of your coins will be unblocked after the end of the staking time. Finally, if you go to the Position tab, you will notice that it also shows the staked cryptocurrency on your balance.

Conclusions

How to send crypto-assets to another wallet

How to send crypto-assets to another wallet

5 min reading

Here are simple steps to guide you through transfers from one wallet to another.

Crypto assets

How to send crypto-assets to another wallet

When dealing with cryptocurrencies, it is always preferable to have some amount of funds in your account for easy access. Every crypto platform makes provision for consumers to deposit virtual funds in their accounts for emergency transactions and even to transfer assets from one wallet to another. Though keeping money in a wallet could draw the attention of fraudsters, users still need a certain amount of money. How do you transfer funds from one wallet to the other? This article provides detailed simple steps on how to go about this. 

Bit4you is a Belgian-based crypto exchange platform that helps users in everything that has to do with cryptocurrency. If you intend to trade, invest, or simply buy crypto and you do not know any exchange platform in Europe, then here is one for you. It is a contactless and secure crypto payment service. If you want to access Bit4you, you simply need to download the app on your phone or desktop, complete the verification and know your customer (KYC) steps, then you can start using it every day. It facilitates a user’s first steps into the crypto world. Before any user dives into real trading, they have access first to the demo method that helps them acquaint themselves with the platform and how it works. 

Steps to transferring crypto-assets to another account

First, understand that before performing any task on the platform, you need to switch from the Demo mode to Real mode. Open your app and log into your account. When you do that, the page will open, showing the markets page. There you find the different cryptocurrencies that Bit4you offers. On the taskbar, on the top right of your screen, click on ‘wallets’. This will lead you to a page that shows the different crypto assets you have gained with the total amount found in each wallet. For example, if you have currencies in USDT, Decentraland (MANA), Ethereum, or even Bitcoin. All these will be seen on this page. 

Click on the crypto asset you will like to transfer. Then you will be directed to another page that shows the details of the digital asset. This is what you will see on the page. Let us say you want to transfer Decentraland (MANA) to another wallet address. On the page of this digital currency, you will see the details of the asset and the total amount in that currency. You will also see the option to either receive and send on the top left of your screen, and buy, or sell on the top right of the screen. Click on ‘send’ and once that is done, it will take you to another page where you can enter the wallet address to which you intend to transfer your asset. Make sure you select the corresponding network of the wallet you intend to transfer the crypto, otherwise you may lose your fund. Once you have entered the desired wallet address and the relevant network, fill in the amount to be transferred, you will see its equivalent in that currency and also in euros. If the information you see suits you, click on ‘send’.  

Furthermore, you can find the status of the transfer in the history menu on the top bar of the screen.  

To conclude, performing tasks using the Bit4you platform is quite easy and also user-friendly. Please understand that these transactions in the real mode may take a day or two to come through. Notwithstanding, if you face any challenges, our customer support team is always at your disposal to sort out any difficulty. 

Conclusions

How to configure a take profit trade

How to configure a take profit trade

5 min reading

Already know what the take profit order is? Then, discover how to configure it on bi4you!

Take profit trade

How to configure a take profit trade

Introduction

Cryptocurrency trading is always highly risky. Of course, investors pursuing long-term investing strategies are rarely concerned with current market swings. They are focused on the crypto market’s unstoppable rise and are certain of profits at the end of the planned investment cycle. Short-term upside and negative changes may cause a lot of difficulties for people who indulge in speculative trading. Losses and lost earnings are equally important to them. In this article, we will discuss how a take profit order may help with cryptocurrency trading and how to set one up on bit4you.

What is a take profit and why is it needed?

Take Profit orders to play an important role in cryptocurrency trading. Traders use them in different markets with a wide range of assets. When prices climb, orders ensure that assets are sold before values fall again. In other words, when a predefined price level is achieved, a Take Profit order automatically finishes a transaction, selling the assets.

Many traders and investors frequently leave a trade earlier than the circumstances require. As a result, they lose a share of their profit or do not take their profit on time, seeing it progressively shrink as the market enters a correction or a trend reversal. No one knows if the price will continue to grow over this critical level. By setting take profit orders, you will always collect a profit on time, protecting your deposit from avoidable risks. A take profit order allows you to automatically cancel a transaction when the price hits a certain threshold. Set take profit orders both when initiating a new trade and on an existing position.

How to configure take profit on bit4you

The setting of take profit orders is very easy on the bit4you trading platform. If you have not registered on the website, then it is high time to do so. After you’ve logged in, proceed to the Positions menu. In this section, you will see all of your acquired assets, how much you invested in each asset, its current price, and your profit from each deal. Then, from your list, select the asset for which you wish to set a take profit order. After that, you will be asked to enable take profit. By the way, there you can discover more information about TP by being redirected to the educational article

Set a percentage of your TP on the position page. “Take profit” triggers the selling of the position when it had reached some percentage of your profit. Let us illustrate it in the following example. At the current price of $36,000 per bitcoin, we expect a price increase to $40,000. Then, we set a take profit at the mark before this level, i.e. $39500 per coin. As soon as the price hits this value, our transaction will be closed. 

Furthermore, there you can also set a Trailing Take Profit order. Trailing Take Profit (TTP) is a profit-maximizing order that changes dynamically. TTP works best when there is a significant uncorrected price movement in the right direction. To enable the TTP action, click the Trailing take profit button and enter the percentage value of the price trailing corridor. Please keep in mind that if you select several Take Profit orders, TTP will only work for the final Take Profit goal.

Imagine we purchased a BTC for USDT. We set a stop-loss of 10,000 USDT and a 5-percentage-point trailing stop-loss. This implies that when the price hits the amount of 10,000 USDT, Trailing TP is triggered, and the transaction will have a trailing SL at 9,500 USDT, which will follow the price at a 500 USDT distance. As a result, if the price of BTC climbs to 10,200 USDT, the Stop Loss will rise with it to 9,700 USDT. 

In conclusion, TP orders assist you in trading with a cold head.  When you initiate a trade, determine a price to exit rationally, rather than succumbing to emotion and selling assets too soon or too late. The instrument of risk management also relieves traders of the need to monitor the market situation. Although a take-profit order assures a profit, it is very feasible that the order will be executed and prices will increase further. As a result, you may miss out on larger gains. Nevertheless, human error is also possible. Therefore constantly double-check the exact settings to avoid costly mistakes.

Conclusions

How to configure a Stop Loss trade

How to configure a Stop Loss trade

5 min reading

Already know what is stop loss order? Then, discover how to configure it on bit4you!

stop-loss

How to configure a Stop Loss trade

Introduction

Almost all expert crypto traders believe that setting stop losses is essential in all trading strategies. Newcomers to the market frequently disregard this rule, but they eventually learn to grasp it. The article explains how to set stop loss orders on the bit4you trading platform.

What is a stop loss and why is it needed?

A stop loss order is a risk management tool in the cryptocurrency market for limiting possible risks.  Setting a stop loss order informs the trader of the maximum loss he may suffer within each deal. A stop loss order’s principal function is to restrict the trader’s losses inside each position. When you don’t have time to monitor the price fluctuations of all your traded assets in real-time, you may use this type of risk management tool. To get more detailed information about stop loss orders, please follow the link to our article.

First of all, the key moment is to realize that trading does not guarantee profits and always involves risk. Trading and investing in the cryptocurrency market is quite risky, therefore you must secure your positions. Another reason traders use stop orders is to work in the short term during a period of high volatility. Short-term traders take on substantially higher risk than medium- and long-term trading. As a result, they should be considerably more concerned about ensuring their risks, particularly through the use of stop loss orders.

How to configure stop loss on bit4you

The setting of stop loss orders is very easy on the bit4you trading platform. If you have not registered on the website, then it is high time to do so. After you’ve logged in, proceed to the Positions menu. In this section, you will see all of your acquired assets, how much you invested in each asset, its current price, and your profit. Then, from your list, select the asset for which you wish to set a stop loss order. After that, you will be asked to enable stop loss. By the way, there you can discover more information about SL by being redirected to the educational article. 

Furthermore, if you swap the SL button, you may now set the order. You can also select the preferred percentage in the stop loss percent tab, which will trigger the order when you reach a certain percentage of your loss. The Price and your shortfall following (Deficit) the SL order will then be displayed there. All you need to do is just enable the Following stop loss? and Save buttons.

However, every trading case is unique. We should consider the volume of your deal, deposit, risk level, volatility, analysis, strategy, etc. It is also critical to evaluate the average volatility for a particular time. You can place a stop loss on support levels. The support levels are a better reference point because a significant number of pending orders are centered directly. Support levels emerge less frequently than local minimums and maximums since the nearest level may be too far from the order opening price. Furthermore, when opening huge trades, it is easier to follow such levels and execute stop losses.

Conclusions

How to verify the history of trades, bank transfers, and blockchain

How to verify the history of trades, bank transfers, and blockchain

4 min reading

It is important to keep track of every transaction. Here is how to verify the transaction history on Bit4you.

history-of-trade

How to verify the history of trades, bank transfers, and blockchain

In business or in any financial sector, there is always a record for everything. This is because it helps the company or business person to always verify in case unforeseen circumstances arise. Before the existence of computers, information was saved on physical shelves and files. Things have been simplified now. When you use the Bit4you platform, every transaction you fulfill or leave pending is stored in a particular domain on the platform. How do you consult your history to have a recap of the transactions done? This article seeks to provide directives on how to go about it. 

What is a transaction history?

Transaction history is simply a statement either on paper or electronic that includes a piece of transaction information for any transaction done on the network. On a transaction history, you can find detailed information about cash deposits and withdrawals, in the case of the financial transaction history. The date, time, and the number of transactions done are registered in the transaction history. Then they also show the account balance in the transaction history. How then do you track transactions on Bit4you? Here are simple steps to follow.

Verifying the history of transactions on Bit4you

Go to the Bit4you transaction page. On the top left of the screen, you will see seven options. Markets, Positions, history, open orders, wallets, add funds and withdraw funds. Click on history. A drop-down box will appear. It provides four other options, namely, positions history, funds history, orders history, blockchain history, and export history. When you click on each task, it provides every piece of information done. For example, when we select Positions history, every transaction done on that appears. You will find the position (cryptocurrency) selected, the open date, the close date, the amount invested, the day that transaction was closed, and the profits made from that transaction. 

On the history of the order you will have information about the market chosen, its status that states whether it has been closed or it is still pending, the type of order carried out, that is a buy, sell or market order. There is also information on the amount invested, the quantity invested, and the day the investment was processed. The funds’ history provides information on the day and time they were deposited, the value of the funds, and the amount deposited. These funds are registered in fiat currencies. Blockchain history provides information on the asset, the date, its status, other information, and the quantity

In all, every transaction carried out on the Bit4you platform is tracked and this helps the users to have detailed information on everything they do on the exchange platform. In case someone by chance, which is difficult though, has access to a user’s account, the detail of the transaction done will be found in the history. However, in case you cannot find the information you are looking for, you can always contact our customer support that is always ready to grant you the satisfaction you need. If you are yet to register, rush now and try out our amazing offers. 

 

Conclusions

How to deposit money into a Bit4you account

How to deposit money into a Bit4you account

4 min reading

Everything you need to know about deposits on Bit4you is found in this article. Read on.

Deposit money

How to deposit money into a Bit4you account

When dealing with cryptocurrencies, it is always preferable to have some amount of funds in your account for easy access. Every crypto platform makes provision for consumers to deposit virtual funds in their accounts for emergency transactions. Though keeping money in a wallet could draw the attention of fraudsters, users still need a certain amount of money. What do you do when you do not have enough money in your Bit4you account? How do you deposit funds into your account? This article provides detailed steps on how to fund your account. 

Bit4you is a Belgian-based crypto exchange platform that helps users in everything that has to do with cryptocurrency. If you intend to trade, invest, or simply buy crypto and you do not know any exchange platform in Europe, then here is one for you. It is a contactless and secure crypto payment service. If you want to access Bit4you, you simply need to download the app on your phone or desktop, complete the verification and know your customer (KYC) steps, then you can start using it every day. It facilitates a user’s first steps into the crypto world. Before any user dives into real trading, they have access first to the demo method that helps them acquaint themselves with the platform and how it works. 

Steps to deposit money into an account on Bit4you

Considering that you have already logged into your account, go to the taskbar at the top of the page and click on ‘Add funds’. A dialogue box will open. Type the amount you would like to add in euro currency. Euros is the principal currency for transactions on the platform, for now. After typing the amount, you would need to click on ‘continue’. You will notice that you can make a deposit using Bancontact, Maestro, Visa, or bank transfer. If you intend to minimize costs, it will be good to use bank transfers. Transaction fees are quite low. After clicking on ‘continue’, another page will show the details of the transaction you are about to fulfill will open. Double-check the details, then click on ‘OK’. You can then verify your wallet to see if the digital currency is in it. The minimum deposit on the platform is 25 euros. 

In a nutshell,  the simplest way to do these deposits is by Bank transfer. It is quick, easy and less costly. If you insist on using the other methods, there still isn’t any problem.  Also, bank transfers will depend on the user and the position he takes while trading. If it is short-term, then they can go for bank transfer. However, do not hesitate to contact our customer support if you face any difficulties.

Conclusions

How to withdraw money from my account

How to withdraw money from my account

6 min reading

Do you face difficulties with making a deposit on the Bit4you platform? Here are guidelines for you!

Withdraw money

How to withdraw money from my account

Cryptocurrency and exchange platforms are the new virtual digital currency and virtual banks that trend in the world. Every nook and cranny talks about cryptocurrencies and some renowned platforms. As time develops these platforms have a variety of ways to make transactions easy for users. Users can deposit, withdraw, complete bank transfers only seated on a spot. Bit4you also brings these benefits and more to its users all over the globe. Are you facing difficulties with withdrawing funds from your Bit4you account? Here is a step-by-step guide on how to get it done. 

Bit4you is a Belgian-based crypto exchange platform that helps users in everything that has to do with cryptocurrency. If you intend to trade, invest, or simply buy crypto and you do not know any exchange platform in Europe, then here is one for you. It is a contactless and secure crypto payment service. If you want to access Bit4you, you simply need to download the app on your phone or desktop, complete the verification and know your customer (KYC) steps, then you can start using it every day. It facilitates a user’s first steps into the crypto world. Before any user dives into real trading, they have access first to the demo method that helps them acquaint themselves with the platform and how it works. 

Steps to withdraw money from Bit4you account

Considering that you have already logged into your account, ensure to switch from demo mode to real mode. If you don’t know where it is on your screen, simply look on the top right of your screen and click on ‘Real’. The account will switch automatically. This is because these transactions can only pull through when you have an authentic account with funds in it. When you switch to demo mode, look at the taskbar on the top right of your screen. You will find different tasks. Click on ‘Withdraw Funds’ and the page that shows all the crypto wallets on Bit4you will appear. When the page appears, you will see two tasks: ‘Withdraw Euro’ and ‘History’. The page already selects USDT as the default currency. However, you can customise the settings. When you click on ‘Withdraw Euro’, you will see information on the amount available. 

What’s more interesting is that you can always update and customise your bank account on Bit4you such that you no longer need to include your account details when next you want to do a deposit or withdrawal into your account. It is quite simple! After putting your account number, you will then send 0.50Euro to Bit4you. This sum is only to synchronize and activate your account to the platform. You will do this just once. After the payment is done, wait for a few seconds to allow Bit4you to acknowledge the receipt transaction. Bit4you then recognizes the account for transactions. Once the account has been verified, you will be able to cash out money. 

In a nutshell, when you follow these steps explained above, you will be able to withdraw funds without any stress. Notwithstanding, we understand that some challenges could set in but you do not have to panic if you face challenges. Simply reach out to our customer support for assistance. There is a team ready to meet your needs and answer questions pertaining to cryptocurrency and Bit4you.

Conclusions

How to verify my account

How to verify my account

4 min reading

Read the article and discover how to verify your bit4you account

Verify account

How to verify my account

Introduction

The implementation of new criteria for the identification and authentication of cryptocurrency exchanges users elicited a substantial amount of critical comments. The KYC (Know Your Client) method requires all financial institutions, including cryptocurrency exchanges, to identify and verify each client’s identity. This must be completed before they would make transactions. These measures protect businesses against the risk of collaborating with fraudsters and criminals while also ensuring the protection of consumer assets. This previously served primarily as a company’s internal policy, but for the past 5 years, KYC has been entrenched as a clear legal procedure.

What is KYC and why is it needed?

KYC, or “know your customer,” refers to the process of identifying and validating clients’ identities. KYC is generally used by a service anytime someone attempts to create an account at an exchanger or execute a financial transaction. The KYC process often includes such steps as identity verification and citizenship; screening the user for involvement in illicit activities; investigating the source and destination of funds; searching for suspicious transactions or analyzing an excessive number of transactions.

The primary goal of KYC is to screen out people who are ineligible to access the service for some reason. Such groups of people as minors, illegal immigrants, and persons having a criminal record cannot use services of cryptocurrency trading platforms. Then, the information gathered in the database will be shared with law enforcement authorities to help them investigate crimes.

The implementation of new laws reduces the danger of dealing with fraudsters while increasing client financial protection. The KYC procedures and the adoption of AML policies in the operation of cryptocurrency exchanges ensure transaction security, cryptocurrency payment implementation, transaction monitoring, and risk assessment. It is critical to realize that the trading platform must ensure the security of your data and take all reasonable precautions to prevent information from leaking.

How to verify your account on bit4you?

If you already have an account on bit4you and are up to start trading cryptocurrency, you must proceed with your verification. There are 2 levels of verification on bit4you. To start, log in to your account and go to the settings, clicking on the button in the right corner. Then, choose Account verification in the Account section. There you will see four stages you need to complete. First of all, confirm your email address by entering it in the field. Soon you will receive a letter with a confirmation link. This was your first step on the way to trading without limits! Then, the first level of verification is to confirm your identity via itsme, ID card, or passport. In case you selected ID or passport, start with choosing your country. Then, upload the scan of your passport, driver’s license, or identity card. Finish this stage by scanning a QR code or sending a link by your email and following further instructions. Important to note, that you can start verification procedures only via the website. 

After that, verify your address by entering your street and house number, city, postal code, and country. The next step is to upload your utility bill, which should not be older than 3 months from the date of submission. After that, the bit4you team will verify all the information. If you confirm your email, identity, and address, after 24 hours you will be notified that your verification is successful. Important to note that you should go through another stage of verification if your account is business. However, without account validation, you can operate on the trading platform only with Demo mode without a withdrawal option.

Unfortunately, some people believe that complete verification violates anonymity in the blockchain. However, KYC is an indication that a cryptocurrency exchange provides a secure environment for all users in the crypto community.

Conclusions

How to improve the security of the bit4you account

How to improve the security of the bit4you account

5 min reading

Discover how to set 2FA and fully protect your account on bit4you.

Improve security

How to improve the security of the bit4you account

Introduction

Users trust their finances to cryptocurrency exchanges and trading platforms while trading cryptocurrencies. Even if the cryptocurrency is only on the exchange for a short time, it is necessary to assure the assets’ security. However, it is critical to select platforms that reliably secure their clients’ assets and accounts. Thus, identity verification and two-factor authentication (2FA) are the primary security measures. In this article, we explain how to set up 2FA on the bit4you trading platform.

What is 2FA? 

When it comes to the protection of user accounts and personal funds, crypto exchanges frequently employ two-factor authentication (2FA). In this instance, in addition to the username and password set upon registration, entering a code delivered to an email, phone number, or a specific authenticator application is required to get into the account.

Bit4you’s goal is to make the cryptocurrency market clear, local, and safe. The adoption of strong identification instruments (2FA) and offline storage is among the best technologies now available to protect the platform’s and customers’ assets to the greatest extent feasible.

How to set it on the bit4you website?

First of all, to enable 2FA you should register the account on the bit4you trading platform. If you already have, then it is time to proceed to the next step. Click on the Settings in the Markets menu. There you can manage all your account data, such as email addresses, phone numbers, associated accounts, recurrent payments, and others. Finding the Security menu, choose the Two Factor option. If you have not enabled 2FA, the message “Two-factor authentication is not yet activated on your account” appears. Clicking on Enable 2FA, you are asked to scan the QR code with your Mobile Google Authenticator application.

You may enable 2FA for blockchain withdrawals and delete all devices connected to your account after entering a 6-digit number using Google Authenticator. Finally, you will be notified that 2FA has been enabled. If you wish to disable 2FA, you must go through this process again.

What is Google Authenticator?

Google Authenticator is a 2FA tool that creates a one-time 6-digit number every 30 seconds. When you launch Google Authenticator (GA) on your smartphone, you will see a page where you may add accounts from various services that require 2FA. When you sign in to your account the next time, you will need to input a 2FA code, which you will find on your smartphone in the Google Authenticator app in addition to your email and password. You will be unable to access your account unless you enter this code.

How to set 2FA on the app?

The setting of 2FA on the bit4you app is as simple as on the web version. Thanks to the user-friendly design, you should not be concerned with it. After you’ve logged in, go to the Settings section by touching on the three lines in the upper left corner or swiping right. Scroll down to the Security section and select Two factor. As you can see, the algorithm is the same as the one used on the website. Now you click on Enable 2FA Authentication, and if you have Google Authenticator downloaded on your smartphone, our app will prompt you to open it, tab Open. Then, when prompted to add token [email protected], click Yes. Having entered the 6-digit code generated by Google Authenticator, the activation of 2FA is completed. 

In conclusion, if you have done all correctly, then your account is fully protected. The fundamentals of cryptocurrency safety are founded on two core rules such as wallet choice and attentiveness. That is why you should do everything you can to secure your finances, and the trading platform will take care of the rest.

Conclusions

How to access my bit4you account

How to access my bit4you account

6 min reading

Have troubles with accessing your bit4you account? It is not a concern anymore with this article.

Access

How to access my bit4you account

Introduction

The bit4you trading platform is the first offering services on cryptocurrency trading and investing operating from Belgium on the European level. Bit4you facilitates its customers with such services as wallet management, trading terminals with accessible graphs and trading indicators, USDT, BTC, and ETH markets. Moreover, there on bit4you, you can interact with more than 45 cryptocurrencies and its list is currently being updated! To get a more comprehensive understanding of the cryptocurrency market and gain practical experience, trade, and exchange with the bit4you Demo mode for free. You get 100,000 USDT on your demo account and can test out as many trading strategies as you can only imagine. All you have to do is just register your account or log in if you already have one. This article explains how to log into your bit4yo account.

How to access through the website and app

There is nothing simpler than accessing your bit4you account on the website. So, here you are, on the bit4you Home page. All you need to do is to click on the Login button in the right up corner. For now, we do not need a Sign in yet. As you can see, there are four login options available. If you have an itsme account, you can try login  in this way. All you need to do is to select your country and enter your phone number. Then, you will be asked to enter your login and password to access itsme account. If everything is well, you can access your bit4you account using itsme.

In this case, if you have a Google or Facebook account, you may log in via one of them. The algorithms are quite similar to the previous case. Nevertheless, by clicking on Google you will be asked to select the account and enter your login and password. In the case of Facebook, just enter the data required to proceed with your Facebook account. Then, the site will redirect you to the Market page and now you can use your account whenever you want. 

Also, you can access your bit4you account with your phone number or email. First and foremost, when you create your account for the first time, you must save your login information. So all you have to do now is jot down your email address and PIN. Finally, you can trade and invest on the bit4you trading platform without limits and borders. By the way, if you happen to have concerns with your password, click on “Forgot your password?”. Enter your email or phone number so you can restore your PIN or password. Now you will get an email with instructions about account recovery. For the bit4you app, the procedure of login is the same. So, do not hesitate to take advantage of cryptocurrency trading with bit4you!

Conclusions