How to Use a Crypto Exchange: A Step-by-Step Beginner Walkthrough

In short

  • An exchange is a 24/7 market for crypto
  • Total balance at the top
  • Deposit · Withdraw · Transfer · P2P buttons
  • KYC (CNIC + selfie) is normal and required

An exchange is an app where people buy and sell crypto — like a bazaar that never closes. Popular ones are Binance, Bybit and OKX. They all look very similar, so I built you a practice exchange. Look at the screen I just opened 👉

This is the home screen. At the top is your total balance — all your crypto added up and shown in dollars.

These are the quick buttons:
• Deposit — put crypto in
• Withdraw — send crypto out
• Transfer — move between your own wallets
• P2P — buy USDT with rupees (this is the big one for Pakistan)

This list is the market. Each row is a coin, its price in USDT, and how much it moved in 24 hours. Green = went up, red = went down.

Looking for a coin? Use search — just type its name, like SOL.

At the bottom is the main menu. Trade is for buying and selling real coins (spot). Futures is for betting on price direction — powerful, risky, and we'll learn it properly later.

Before you can use any real exchange, you'll complete KYC — proving it's really you. It's normal, required by law, and takes 5–15 minutes.

Setting up your exchange account

  1. Download the official app — check the spelling and the publisher
  2. Sign up with your email or phone number
  3. Upload your CNIC (front and back)
  4. Take a quick selfie so they can match your face
  5. Turn on 2FA (Google Authenticator) — a second lock on your account

You want to see how much money you have in total. Where do you look?

Answer: The total balance at the top. Yes — everything you own, added up.

Practise this lesson interactively in Nunno Academy. More guides: Learn crypto.

Educational content, not financial advice.