In our last article, we introduced cryptocurrency as a modern medium of exchange and a profitable investment option. In this post, we will walk you through how to buy and sell cryptocurrency on Savests.
Ensure you have the latest version of the app before proceeding. If you’re not sure if you do, click here.
Your Accounts at a Glance
When you launch the app, you should be presented with a screen that looks something like this:
Savests is split into three accounts: Wallet, Savings, and Investments. The screen above is set to the Wallet account view.
0. Fund your Wallet
You can now fund your wallet via bank transfer in addition to your bank card.
1. Open Investments Account
Click on switch account to switch to the Investment account:
2. Choose Cryptocurrency
We’ll go with BTC:
We will try to buy BTC units in this article. After clicking the first option above, you will be presented with a dashboard containing information about the cryptocurrency that should guide your decisions, such as a graph showing the price history, the current price of the cryptocurrency, your potential earnings, and more.
3. Buying Bitcoin
You can enter the value of Bitcoin you want to purchase in naira (which is more familiar) or directly in BTC, you can use the currency switcher on the right-side of the amount input field.
You can enter the value of Bitcoin you want to purchase in naira (which is more familiar) or directly in BTC, you can use the currency switcher on the right-side of the amount input field.
Once you’re sure of how much you want to buy, tap Buy Bitcoin. You will be asked to confirm the transaction after which your wallet will be debited with the amount you bought.
4. Selling Bitcoin
To make actual investment gains with crypto, you need to be able to sell when the price changes positively.
To know when it’s a good time to to sell, refer to the dashboard’s price history chart. When there’s a significant increase in price, that’s a good time to sell your BTC and turn a profit.
To sell BTC, tap the Sell Bitcoin button and specify how much you want to sell. You can view the amount in NGN as well.
Finally
It’s this simple to buy and sell crypto with the Savests app. You are settled instantly and are charged no hidden fees.
Get started with cryptocurrency investments now and grow your wealth.
In our next post, we’ll go over how to diversity your investments with USDT.
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