LQTY is the token of Liquity, an immutable Ethereum borrowing protocol, and you can buy it on LeveX in two ways: on the spot market with the LQTY/USDT pair, or through LQTY perpetual futures if you want leverage or the ability to trade both directions. Both take a few minutes once your account is funded.
This guide covers each route step by step, along with the account setup, fees, and risk controls that apply to either one.
What Is Liquity (LQTY)?
Liquity is a decentralized borrowing protocol that lets users mint a stablecoin against ETH and staked ETH collateral. It has no admin keys, no governance over its core parameters, and no ability to be upgraded, which makes it one of the most rigidly decentralized lending systems running on Ethereum. LQTY is the secondary token that captures protocol fees and controls where the protocol spends its incentive budget.
The protocol runs two versions side by side. The original issues LUSD at no recurring interest, while the current version issues BOLD, a stablecoin with native yield funded entirely by borrower interest. Both feed the same token, and the practical differences between Liquity V1 and V2 explain why LQTY holders earn from two revenue streams that work in completely different ways.
Liquity's design has also spread well beyond its own deployment. More than twenty teams have licensed the codebase to launch their own stablecoins on other chains, and that fork ecosystem rewards BOLD users with token allocations from each deployment.
Buying LQTY on the Spot Market
Spot trading gives you the token outright, with no funding costs and no liquidation risk. This is the route to take if you want to hold LQTY, move it to a wallet, or stake it on-chain.
- Register a LeveX account and complete verification. Enabling two-factor authentication at this stage is worth the extra minute.
- Deposit funds into your spot wallet. USDT is the quote currency for the LQTY pair, so deposit USDT directly or use the Convert tool to swap another asset into it.
- Open the LQTY/USDT spot market.
- Choose an order type. A market order fills immediately at the best available price, while a limit order lets you set the price you are willing to pay. LQTY trades on relatively thin volume, so limit orders are often the better choice for larger sizes.
- Enter your amount and confirm. The tokens appear in your spot wallet as soon as the order fills. If this is your first trade, the spot trading walkthrough covers the interface in more detail.
Holders who intend to stake LQTY on-chain will need to withdraw to a self-custody wallet afterwards, since staking and voting happen through Liquity's own contracts. The wallet options for LQTY differ depending on whether you plan to hold passively or vote weekly, and the full staking process runs through independent frontends rather than through any exchange.
Trading LQTY Perpetual Futures
Perpetual futures let you take a leveraged long or short position without owning the token. There is no expiry date, and positions are kept aligned with spot prices through periodic funding payments.
- Move capital from your spot wallet using the transfer between spot and futures wallets function.
- Open the LQTY perpetual futures market.
- Select your leverage. Higher multiples shrink the price move needed to liquidate you, and the margin and leverage mechanics are worth reading before choosing anything aggressive on a low-volume market.
- Choose long or short and enter your position size. The futures position guide walks through the order panel.
- Set a stop-loss and take-profit before confirming. Configuring both in advance removes the need to monitor the position continuously.
- Monitor funding. Funding rates are exchanged between longs and shorts at set intervals and can add up on positions held for weeks.
Futures suit traders taking a directional view on protocol adoption, which is the same question that drives LQTY's price outlook. Position sizing matters here: LQTY's market cap sits in the tens of millions with a fully distributed fixed supply, so order books are thin and price gaps are common.
Why Trade LQTY on LeveX
LeveX lists LQTY on both spot and perpetual markets, so a single account covers accumulation and directional trading without moving funds between platforms. Fees follow a transparent tiered structure that improves with volume and VIP level.
Multi-Trade mode is useful for a token like LQTY, where a long-term thesis and a short-term trade often point in opposite directions. It lets you hold separate positions on the same pair, each with its own leverage, margin, and exit levels, rather than forcing them to net against each other.
The platform is built around traders who want working tools rather than a crowded interface, with 24/7 support, 1:1 Proof of Reserves published through a Merkle tree, and a CER.live "A" security rating.
Frequently Asked Questions
What is the minimum amount of LQTY I can buy on LeveX?
Minimums are set per trading pair and are low enough that most traders will never hit them. LQTY trades in fractional amounts on the spot market, so you can buy a partial token rather than a whole one. Check the order panel on the LQTY/USDT pair for the exact minimum order value before placing your first trade.
Can I buy LQTY with a credit card?
You can fund a LeveX account through the Buy Crypto fiat on-ramp and then swap into USDT, or deposit USDT directly from another wallet. LQTY itself is quoted against USDT rather than fiat, so the purchase happens in two steps: fund with USDT, then buy LQTY on the spot market.
Is LQTY available for both spot and futures on LeveX?
Yes. LeveX lists an LQTY/USDT spot pair for buying and holding the token, and an LQTY perpetual futures contract for leveraged long or short positions. Spot balances can be withdrawn to a self-custody wallet for staking, while futures positions settle in USDT and never involve the underlying token.
Choosing Between Holding and Trading LQTY
Spot and futures answer different questions. Buying LQTY on spot gives you a token you can withdraw, stake for Liquity V1 fee revenue, and use to vote on where the protocol spends its weekly incentive budget. Perpetual futures give you leveraged exposure to price alone, in either direction, with no on-chain component at all.
Traders who want both often run them together, holding a spot position for the protocol economics while using futures to hedge or to trade shorter swings around it. LQTY's thin liquidity rewards patience in either case.
Get started with the LQTY spot market to buy and hold, or open a leveraged position on LQTY perpetual futures. For background on other tokens listed here, browse Crypto in a Minute.