How to trade Tokenised Stocks

Tokenised stocks are tokenised derivates that represent equity shares in companies that have gone public (e.g. Apple, Amazon, Facebook, Tesla, etc.) on regulated exchanges such as the London Stock Exchange (LSE), New York Stock Exchange (NYSE), Nasdaq Stock Market (NASDAQ), and a host of others. When you buy 1 AAPL (the tokenised derivate of Apple stocks) on Buycoins; you have no ownership in Apple Inc., you can only benefit from the economic performance of Apple stocks.

Tokenised stocks are pegged 1:1 to the traditional stocks they represent. You can redeem them for the NGNT value of their underlying stock. Unlike traditional stocks, there are no closing and opening windows to trade tokenised stocks. As such, the market is opened every hour of the day to trade.

Please note that you can only buy or sell tokenised stocks, you won't be able to transfer your tokens to other exchanges.

This article will show you how to buy and sell tokenised stocks on your Buycoins app.

How to buy Tokenised Stocks

  1. Click on the "Buy Coins" button on your dashboard and then click on "Stocks" on the next page.
  1. On this page, you will find the tokens that are available for purchase on Buycoins and their prices in Naira (NGNT). Click on the tokenised stock you will like to purchase and input the amount you want to buy. Review the details of your trade and confirm your purchase.
  1. Congratulations, you just purchased your first tokenised stock!

How to sell Tokenised Stocks

  1. Click on the "Sell Coins" button on your dashboard and then click on "Stocks" on the next page.
  1. On this page, you will find the tokens that are available for sale on Buycoins and their prices in Naira (NGNT). Click on the tokenised stock you will like to sell and input the amount you want to sell. Review the details of your trade and confirm your sale.
  1. Congratulations, you just sold your first tokenised stock!

Feel free to reach out to [email protected] if you have any questions or need help with anything else.


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