You can easily create an account on Firi by registering with Vipps, or with an email address. Then it's a good idea to go to the App Store or Google Play to download the app. Of course, you can also use the Firi platform on the web.
If you want to read more about how registration with Vipps works, you can click on with the link below.
Find the "transfers" section in the Firi app. You can deposit both money and cryptocurrency. Choose the option that suits you and follow the guide in the app. If you choose bank transfer, you can either transfer manually or set up an integration with your bank.
NB! If you transfer via bank, you must comply with the banks' opening hours. This means that transfers can take longer if you transfer after closing time, during the weekend and the like.
The same applies to withdrawals. On transfers, you choose how you want to transfer money and cryptocurrency. You can either transfer via your bank or an external wallet.
Deposits with crypto are open all the time and will normally be faster. In some cases, the oath will require a longer processing time, and it will then appear as "requested" on the page for withdrawal until it has been sent out. From the time it is sent, it usually takes 10 minutes to the first confirmation, but it can take longer if there is a lot of traffic in the network and many people send cryptocurrencies.
How long it takes for the cryptocurrency to appear at the recipient also depends on how many confirmations the recipient requires, and sending the cryptocurrency usually takes 30 minutes to a few hours.
The easiest way to trade crypto on Firi is to navigate to "Trade" in the app, enter the amount you want to buy for, which cryptocurrency you want to buy, and press "buy in advance".
You will receive a price estimate based on the price in the market at the relevant time. It is worth noting that this is an estimate, which means that from the moment you click "pre-purchase" until you actually complete the order, the market can move, and a market order will simply give you the best available price at the moment for trading.
The advantage of using this way of trading is that it is easy and that the trade is completed immediately. The downside is that you can sometimes get a better price if you are willing to wait a bit. Then you can rather use a "limit order" and there is something you can do in advanced trading at Firi. You can read more about advanced trading in a separate section on this. For many, especially those who buy in over time, the small price fluctuations will not be so important and they would rather have the trade completed immediately. Then "trading" on Firi is the easiest for you.
When you go into Advanced Trading you will notice that there are many details and a lot of information at once. Here we will try to explain to you what the different elements are for something.
The first thing you notice is the price graph. As you can see in the picture below, you look at the price graph measured in Norwegian kroner. At the top left you see that it says BTCNOK which indicates what the price applies to. That is, the bitcoin price measured in Norwegian kroner. Further down you will also see a graph showing the volume. This bar chart shows the trading activity in the market, ie how much is sold and bought. The red color indicates that most people are selling, and the green color indicates that most people are buying.
The other thing you will see is the order book and trade history. The order book tells you about the quantity and at what price others in the market want to trade, and the trading history shows similar information about previous trades. You can use the information in the order book to determine where you might want to buy or sell.
Finally, you will see a panel for placing buy or sell orders as so-called "limit orders". Here you enter the price you want to buy or sell for, how much, and finally you place the order in the order book. In practice, this means that you place a bid to buy Bitcoin (or another crypto) at a specific price.
There are two types of orders that can be used when buying or selling:
The advantage of using advanced trading at Firi is that you can decide in advance what price you want to buy for or sell for. And then you can rather concentrate on other things. Once you have placed a bid, you do not need to think about this anymore, and can be sure that the order will be filled when the price reaches the levels you want. This way you can ensure that you automatically get bought or sold at specific levels without having to monitor the price and be ready with the "buy button" when the price reaches a certain level.
You can find crypto savings in the Firi app on your mobile. Crypto saving is easy to get started with once you have created an account with Firi.
You will find crypto saving as an option in the Firi app. Then just start swiping through the wizard.
We hope this guide gives you a slightly better overview of how to set up "Kryptosparing" Crypto Saving. You can read more about Crypto Saving here