LMT [Let Me Trade] what? Instructions from AZ for beginners

What is LMT?

LMT LetMeTrade is a Crypto Broker – cryptocurrency broker. Don’t misunderstand everyone because this is not an exchange!

As a broker, LMT provides a cryptocurrency trading platform. The platform provides you with many trading methods such as: Margin trading, Social trading, Instant trading.

Moreover, LMT also provides you with trading algorithms to help you deal with financial risks.

Currently, the brokerage platform offers you 5 Strategy (strategies) such as: Stop-limit, Time-weighted average, Trailing, lceberg order, Sniper order.

Transaction fee

Except for Instant trading for other types of transactions, you will have a maker and taker fee of 0.1%.

Note: Maker is the one who placed the order, Taker is the order-maker.

Margin trading interest rate

Strategic partnership

How is LMT different from other units?

As mentioned above, the strong point of LMT is Social Trading (copy trading), Margin Trading (using leverage) and Instant Trading (Swap very fast). So it has advantages that others don’t.

• Social Trading will allow customers to copy trades of “Pro Traders”. Applies to non-leverage trading as well.
• Carefully designed profit-sharing program. It is better incentivized for professional traders by allowing them to customize their trade profit sharing rate with their followers.
• Affiliate Program is specially designed for influencers and community leaders. The commission rate is as high as 60%.
• Instant Trading (Swap) offers better rates and quotes will last for 15 seconds.
• Margin Trading – Margin trading on different exchanges allows you to use your capital better.
• Professional trading algorithm suite that allows you to trade large volumes.

Instructions to register a Let Me Trade account on your phone

Here I will guide you to register on the phone for everyone.

Step 1: Everyone who goes to https://CHK.com/go/lmt will be registered as shown below.

Step 2: Choose subscribe by phone number or email

Here I will instruct to register by phone number. Everyone is +84 if it is a Vietnamese phone number. Next, to register you enter the information:

• Phone: Enter your phone number
• Password: Enter the password
• Confirm: Re-enter the password

Finally sell click on the button Register is done.

Step 3: Enter the confirmation code sent to your phone number.

So you have successfully registered for an LMT account already. Very simple, right!

Instructions for account login

Step 1: Everyone’s in Settings then click Register / Login to login to your account.

Step 2: Enter your phone number and password into “Phone“And”Password“. Finally click the Login button is finished.

Guide to account security

Email link

Step 1: Click on your account section as shown below.

Step 2: Click Sercurity

Step 3: In the area Email, people click Link to link your email to your account.

Step 4: Enter your email then tap Send. Check your email then enter 6 numbers and press the button Confirm.

Step 5: Enter the code to send your message and the email link is done.

Turn on Google Authenticator (2FA)

Step 1: Also in the Security section as above, click Link at “Google 2FA“.

Step 2: You download the Google Authenticator app to your phone. Then you copy the key in the section (2) Then enter the downloaded application.

Copy 6 numbers from Google Authenticator to enter the section (3). Finally click the button Confirm is done.

Watch now: Guide to using Google Authenticator

Guide to identity verification (KYC)

Step 1: In the account area, select “Identity“. If you don’t know where this is, please review the section Account security home.

Step 2: Enter the full information:

• Last Name: Your name
• First Name: Your last name
• Nationality: Click and select your country (Vietnam)
• Certificate: Document type for verification (Passport or Citizen Card)

After selecting all the information you click on the button Confirm to go to the next step.

Step 3: Upload a photo to the front, back of the verification document, and one that shows you holding the document.

After you have finished downloading all the documents, click the button Submit.

Now, you just have to wait for identity verification.

Note: Currently, you can register and it is not required to be able to trade KYC. However, you should KYC to protect your account and make withdrawals easy.

Deposit / Withdrawal Instructions

Deposit funds on LMT

To top up: Click on “Deposit”. The loading process is also very simple. LMT supports deposit in BTC, ETH, USDT, XRP, BCH, LTC, EOS, BNB, BSV, XLM. Very convenient.

After 3 confirmation on the Bitcoin Network, the money will be deposited into your account.

Withdrawal on LMT

Currently, when you withdraw money, you only withdraw on the website. BlogTienAo contacted them on this issue, they said they would update as quickly as possible the withdrawal feature on mobile for you to facilitate transactions.

Therefore, BTA will update after this part.

Guide to trade on LMT

Social Copy Trading

Social Trading is probably the trend in 2020. When you can make trades easily by copying trades of other Pro Traders.

Step 1: Clicking on “Community”, reputable Pro traders appear with interest rates, win rates.

Step 2: To view details of Trader, you click on their name.

Jim Lee: Trader’s name
Personal profile: A brief description of the trader
Return: Returns
3w Win: Odds of winning over the last 3 weeks
Avg Profit: Average profit
Followers: Number of people copying this person’s transaction
3w Orders: Number of orders in the last 3 weeks
Share: Proportion of profit sharing

After choosing your favorite trader, click “Follow” to copy.

Step 3: On the copy screen, choose the number of commands you will copy by that person. Then click “Confirm”:

Instant Trading

This function is quite simple, it is just like the popular SWAP function on other exchanges.

For Instant transactions, you just need to enter the amount required to SWAP. Press GET A QUOTE.

The system will get the nearest price, you have 15 seconds to think, OK, then press REDEEM NOW.

If the timeout is shown below, click again and then try again.

Margin Trading

You just need to enter the amount, with the 0.15% fee equivalent to x10 leverage. So you calculate your own numbers to enter offline.

Social Trading

You choose the long short as well as the leverage accordingly. Advanced section will help you take profit or stop loss properly. Good luck

Epilogue

Although this is a newly launched floor, but with the enthusiasm of the team (up to nearly 50 people), the company is headquartered in Hong Kong with clear legal. As well as powerful and great features, you can use it with peace of mind. The remaining problem is how to win only.