What is AQRU?
Building your own cryptocurrency portfolio or having access to higher yields provided by various virtual assets shouldn’t, by any means, be an unsafe or complex endeavor. The foundation of AQRU is based on that belief and more.
Furthermore, the cryptocurrency landscape initially came about as a means to give everyone much-needed access to financial services. However, eventually, it turned into something that can be rather complex, jargon-filled, and inaccessible to your day-to-day investors. This is where AQRU comes in, which is a platform seeking to provide an easy means for one to purchase, hold, or earn cryptocurrencies in the manner in which they were meant to be: straightforward and secure.
Bearing all this in mind, although AQRU does offer a means of exchanging tokens, there is more of an emphasis on earning than simply trading or anything else. It, therefore, aims to provide traders with access to a variety of investment opportunities that can be found throughout the digital asset sphere.
So, one can trade, invest, or earn yield using their holdings with ease. This is because AQRU has a goal that entails crafting or curating the investing experience for those who have taken an interest in its platform.
How to Use AQRU
The ultimate goal of learning how to use AQRU is possibly investing your funds on the exchange platform comfortably. So we are going to focus on how you can manage your funds on the exchange.
Since earning is more catered to here, it would be apt to discuss how you can do that on AQRU. However, before we explain that, you need to set up what AQRU calls a “Crypto Interest” account, complete its KYC process, which is required if you even want to access or use its platform in its entirety, and finally, deposit some funds so that you can earn interest on them in the first place, all of which we will briefly touch on below.
Setting up a “Crypto Interest” account on AQRU isn’t really all that different from creating a normal account; just enter your email, set up a password, add the verification code to confirm the legitimacy of your email, and you’re done.
AQRU has made it its responsibility to prove that the funds its users use have been gathered in a legitimate manner. This is why KYC is a must here, and every user has to verify his or her identity prior to depositing any of their funds.
So, you will have to provide basic information concerning your identity and then upload the documents that support it. AQRU will then use what you have sent and confirm your identity to set you up on its platform as quickly as it can.
Currently, you can deposit your funds on AQRU using any of three ways, which include credit cards, bank transfers, or your standard cryptocurrency transfers between platforms. Pick which method is most suitable for you, buy some tokens on AQRU, and after that, you can start accruing value from your investments. As for how that is done, that is what we will discuss below.
Step 1. Select Invest
So, now that you have registered, gone through its KYC procedure, and have some funds deposited, the final step for you would involve allocating those funds to a few pools.
So select the Invest option, which will present you with three distinct pools in which your funds can be allocated. These pools include ETH, BTC, and stablecoins, with every one of them having different APYs.
Step 2. Choose Cryptocurrency
Moreover, the interest will be paid out in precisely the same cryptocurrencies you have allocated. For instance, if you opt for a stablecoin, then your APY will be paid out in that stablecoin.
Within this guide, however, we will be using Ethereum as an example. So, by tapping on Ethereum, you will be presented with options where you can either Invest ETH or Sell it. So, pick Invest ETH, which will then bring forth the uninvested cryptocurrencies that you own and can use. Enter the amount you would like to invest, then.
Lastly, a quote for your trade will be presented to you. With market prices constantly changing, however, the quote that is shown will only be there for 5 seconds. So, each time you refresh, you may come across a different or updated price.
So, by selecting Invest once more, the process will be finished, which will then result in the reallocation of your funds from uninvested amounts to your invested amounts, after which your investment will begin accruing value immediately.
How to Sell on AQRU
If you had continued on with Sell earlier instead of Invest ETH, then you would have been presented with an entirely different screen. So, here, you can select the investment you would like to sell and how much of it. Following that, you will be prompted to choose the asset you would like to receive for selling that token. However, if you wish to receive fiat instead, then you will need to select one within the section titled “Choose Asset to Receive.”
After you have chosen the relevant asset, a confirmation screen will pop up. Like with the Invest option earlier, the price will stay the same for approximately 5 seconds, after which it will change. So, once you’ve prepared yourself and sold your investment, the amount will be seen beneath uninvested amounts.
FAQs
How Much Do Trading Fees Cost at AQRU?
For instance, you will incur a 0.35% fee whenever you are selling between assets, like from ETH to USDC. This fee will also be incurred when selling in fiat currencies. As for cryptocurrency withdrawal fees, these are $10 for BTC and $20 for others. Fiat withdrawals, on the other hand, carry no fees.
How to Short on AQRU?
AQRU doesn’t offer any options for spot or derivatives trading, so you won’t really be able to short here, with or without leverage.