AQRU is a cryptocurrency platform that is more geared towards earning than trading.
Therefore, the platform’s primary focus lies in building out its users’ portfolios, which is why you will come across options that involve earning interest on and diversifying your holdings.
It was founded in 2019 with the sole purpose of simplifying the process of accruing value from your investments, which it believes shouldn’t be too complicated of an endeavor, unlike what you’d find on other exchanges.
Hence, to that end, you will not really find that many options here since it focuses primarily on one thing: providing a profitable savings account.
How to Trade on AQRU
Step 1. Register
- To be able to trade on this platform, you will obviously have to set up an account on it first. So, to do that, you can use either its mobile application or its website. Here, we will be using its website as an example. So, simply head over to its official website and click on the Sign-Up button at the top, which will then direct you to the registration page.
- Here, you can only enter your email address, as mobile numbers are not currently available as an option. So, add it to the appropriate field, after which you will have to set up a strong password. Make sure that it is at least 10 characters in length, with a blend of lowercase and uppercase letters, numbers, special symbols, etc.
- If you want to, you can also add a referral code if someone happens to have invited you to this platform. This is because entering referral codes can generally be favorable, as both the one registering and the one to whom that code belongs can benefit from various bonuses. Still, if you don’t have a code, you can either skip this step completely or look for one online.
Following this, just go through its User Agreement or Terms of Service, enter the verification that may be sent to the email address you entered earlier, and that’s it; you are done with registration here.
Step 2. Complete KYC
- Once you have registered on AQRU, you will need to complete the KYC process it comes with. So, click on Verify Your Identity to get it started, which will then direct you to a screen where you will have to enter a few basic details about yourself.
- These details, for instance, will include all of your names, date of birth, place, and country of birth, existing country of residence and citizenship, and finally, your address, along with your source of funds, your future plans concerning AQRU, and your occupation.
- After filling in the information mentioned earlier, the following step would entail uploading pictures of the relevant documentation and a video to essentially prove what you entered earlier. These documents will include your passport, utility bills, government-issued documents, and bank statements.
- Once everything has been submitted, an AQRU team member will review everything you have sent in your application and then contact you later regarding the results. If, by any chance, you are facing certain difficulties or have some questions, you can get in touch with their customer support team for additional help regarding this matter.
Step 3. Add fund
- Now that you have gone through its KYC process and have gotten your account properly verified, we can move on to discussing how you can deposit some cryptocurrencies on this platform from another wallet or exchange. So, once you select the relevant option for it, you will be provided with a set of cryptocurrencies that you can deposit within your AQRU wallet.
- Once you have chosen your token, you will be given both the wallet address and the QR code. You can use either of them here, but if you are using the wallet address, for instance, then you will have to simply paste this address on the withdrawal field of any external exchange or wallet.
- However, one thing that needs to be noted is that, as of this moment, only the ERC-20 network is supported for the tokens you can select, excluding BTC, which only has its native network as an option.
- So, whenever you are transferring funds from an external exchange or wallet, make sure to choose the same token and network there as well, i.e., either ERC-20 or BTC’s native network. Otherwise, your funds will be permanently lost.
Step 4. Buy crypto
Earlier, we discussed how you could fund your account through those standard cryptocurrency deposits. Here, instead, we will look at how that can be done directly on AQRU through fiat.
- Fiat currency
- While AQRU does provide fiat currency support, you can only use a handful of currencies here, so the support is limited. The same also holds true for cryptocurrency support, which barely exceeds 10 tokens.
- Debit/Credit card
- By pressing the Pay by Card option, you can directly buy cryptocurrencies from AQRU through your debit or credit card. However, you will be directed to MoonPay, which is an AQRU partner.
- Following that, choose the token you want to purchase and how much of it, and then finally, choose the payment method. As of this moment, AQRU only supports debit or credit card purchases that are made via MoonPay.
- Your fees and the amount you will end up receiving will then be shown. And due to the volatility of the cryptocurrency landscape, MoonPay will only hold specific prices for approximately 10 seconds. Your quote will be updated automatically once that time and price have passed.
Step 5. Start trading
Now that you have your account well and truly funded, you can begin trading on this exchange immediately. However, as stated previously, AQRU is not like your standard cryptocurrency exchange. So, the only thing you can do is more or less swap cryptocurrencies with each other. Still, it does support fiat currencies here as well, so you can swap cryptocurrencies for fiat and vice versa, which is something you don’t often see.
FAQs
How to Sign-Up for AQRU
To sign up on this platform, simply pay a visit to its official website and click the Sign-Up button at the top, which will land you on the registration page. Over there, enter your email address, set up a strong password, add a referral code if you have one, agree to its Terms of Service, and finally, enter the verification code that will be sent to your email.
What are AQRU Fees?
Every exchange made on the platform will carry a fee of 0.35%. However, if you are buying using bank transfers or credit or debit cards, then the fees will be dependent on the service providers.
Does AQRU Support P2P Trading?
No, from what we have gathered, the platform doesn’t seem to have any support for P2P trading at the moment.
How to Deposit in AQRU
Depositing cryptocurrencies on this exchange can be relatively straightforward. You can start by finding the option for it on either its mobile application or its website. On the deposit page, you will then have to choose the token you want to fund your account with and the network for it. Currently, only ERC-20 is supported as a network for the 11 tokens that are supported here, except for Bitcoin, which only has its native network that is supported. Once you have chosen what you want, a deposit address and a QR code will be generated, either of which you can use. So, you can either paste the address on the external platform’s withdrawal page after selecting the same token and network there too. Or, if you are using that external exchange’s mobile application, you can utilize the QR code scanner to scan that QR code to initiate the transfer.