Yesterday, I noticed this feature on my ByBit App - "Easy Buy". My first thought was Easy buy don reach here. For those who are not familiar with the name, Easy Buy is the company that lets you buy now and pay later under some strict conditions like you making an initial down payment. Example is people buying phones now and making complete payment later. When I clicked on it, it took me to a new window that has a buy and sell option just like a regular p2p interface. Because I have learned a hard and bitter lesson in the past not to play around carelessly with some features on my crypto app that I don't understand, so as not to lose my funds, I left it and did my business there and logged out.
If you have read my narration up to this point, thank you. Question - Do you know what the "Easy Buy" button is for? Have you used it before?
Thank you.
Just like you who don't meddle in affairs that is less understood as regards strange features on any exchange, I too haven't tried to use the 'easy buy' feature just yet, until it serves a purpose that is different from the normal trading p2p, transfer or withdrawal that I would normally opt for.
These days these exchanges come up with upgrades that embed such features so as to make operations seamlessly easy for both newbies and oldies just like the integration of artificial intelligence and bots to facilitate easy trading.
Am not surprised if newer features like such would be included in newer upgrades because the world is warming up to cryptocurrencies and many legit exchanges even though they are veering into observation of regulatory protocols, will tend to have functions just like any regular banks would for fiat use purposes.
The easy buy feature enables a potential investor to buy cryptocurrency or buy fiat in any quantity or denomination or currency of choice with as much as little fees, compared to other methods one would have opted for when considering purchase of cryptocurrency or any countries currency.