Quick Start
Get started with Veyra in just 5 minutes! This guide will walk you through your first trade.
Prerequisites
A modern web browser (Chrome, Firefox, Safari, or Brave)
A Solana wallet (Phantom or Solflare recommended)
Some SOL for trading (minimum $10 equivalent)
Step 1: Install a Solana Wallet
Option A: Phantom Wallet (Recommended)
Visit phantom.app
Click "Download" for your browser
Install the browser extension
Create a new wallet or import existing one
IMPORTANT: Save your recovery phrase securely!
Option B: Solflare Wallet
Visit solflare.com
Download browser extension or mobile app
Create a new wallet
Backup your recovery phrase
Step 2: Fund Your Wallet
Get SOL
You'll need SOL (Solana's native token) to trade on Veyra.
Option 1: Buy from Exchange
Coinbase, Binance, Kraken, etc.
Withdraw to your wallet address
Network: Solana
Option 2: Use On-Ramp Service
Phantom has built-in on-ramp
Click "Buy" in wallet
Use credit card or bank transfer
How Much SOL?
Trading: Start with $10-50
Transaction fees: ~$0.01 per trade
Recommended: $20 for beginners
Step 3: Connect to Veyra
Visit veyramarket.com
Click "Connect Wallet" in top-right corner
Select your wallet (Phantom/Solflare)
Approve the connection request
✅ You're connected!
Step 4: Explore Markets
Browse Categories
Navigate to Markets:
Click "Markets" in navigation
Or scroll down on homepage
Filter by Category:
🏛️ Politics
💰 Crypto
⚽ Sports
💼 Business
🔬 Technology
🎬 Entertainment
🔬 Science
Market Information:
Title: Question being predicted
Current Price: Market probability
Volume: Total money traded
End Date: When market resolves
Step 5: Make Your First Trade
Choose a Market
Example Market:
"Will Bitcoin reach $150,000 by end of 2025?"
YES: $0.68 (68% probability)
NO: $0.32 (32% probability)
End Date: December 31, 2025Understand the Prices
YES at $0.68: Market thinks 68% chance
NO at $0.32: Market thinks 32% chance
If you think probability is higher → Buy YES
If you think probability is lower → Buy NO
Place Your Trade
Click on the market to open details
Choose your side: YES or NO
Enter amount: Number of shares (start small!)
Review trade:
Buying: 10 YES shares Price: $0.68 per share Total Cost: $6.80 Potential Profit: $3.20 (47% return)Click "Buy YES" or "Buy NO"
Approve transaction in your wallet
Wait for confirmation (~1 second)
✅ Trade complete!
Step 6: Monitor Your Position
View Portfolio
Click "Portfolio" in navigation
See your active positions:
Markets you're invested in
Number of shares
Current value
Unrealized P&L
Track Performance
Portfolio Dashboard shows:
Total Portfolio Value
Total Profit/Loss
Win Rate
Active Positions
Resolved Positions
Understanding Your First Trade
Scenario 1: You Win ✅
You bought: 10 YES shares at $0.68 Cost: $6.80 Event happens: Bitcoin reaches $150K Payout: 10 × $1.00 = $10.00 Profit: $10.00 - $6.80 = $3.20 (47% return)
Scenario 2: You Lose ❌
You bought: 10 YES shares at $0.68 Cost: $6.80 Event doesn't happen: Bitcoin doesn't reach $150K Payout: $0.00 Loss: -$6.80 (100% loss)
Scenario 3: You Exit Early 📊
You bought: 10 YES shares at $0.68 Cost: $6.80 Current price: $0.75 (price increased!) Sell now: 10 × $0.75 = $7.50 Profit: $7.50 - $6.80 = $0.70 (10% return)
Trading Tips for Beginners
✅ Do's
Start Small: Trade $5-10 per market initially
Research: Read about the event before trading
Diversify: Don't put all money in one market
Set Limits: Decide max loss before trading
Track Performance: Learn from wins and losses
❌ Don'ts
Don't trade emotions: Stay objective
Don't chase losses: Stick to your strategy
Don't overtrade: Quality over quantity
Don't ignore fees: Factor in transaction costs
Don't invest more than you can afford to lose
Common Trading Strategies
1. Buy and Hold
Buy shares early when prices are low
Hold until resolution
Best for high-conviction trades
2. Swing Trading
Buy when price is low
Sell when price increases
Don't wait for resolution
Profit from price movements
3. Arbitrage
Find pricing inefficiencies
Example: YES + NO > $1.00
Quick profits, low risk
Requires speed and capital
4. Market Making
Provide liquidity
Place buy and sell orders
Earn from spread
Advanced strategy
Example Trades
Example 1: Political Event
Market: "Democratic Party wins 2028 Presidential Election?" Your Analysis:
Current price: YES at $0.52
You think Democrats have 70% chance
Market underpricing by 18%
Trade:
Buy: 50 YES shares
Price: $0.52
Cost: $26.00
If you're right (70% chance):
Payout: $50.00
Profit: $24.00 (92% return)
Expected value:
(0.70 × $50) + (0.30 × $0) - $26 = $9.00Example 2: Sports Bet
Market: "Lakers win NBA Championship 2026?" Your Analysis:
Current price: YES at $0.18
You think Lakers have 30% chance
Good value bet
Trade:
Buy: 100 YES shares
Price: $0.18
Cost: $18.00
If Lakers win:
Payout: $100.00
Profit: $82.00 (455% return)
Expected value:
(0.30 × $100) + (0.70 × $0) - $18 = $12.00Troubleshooting
Wallet Won't Connect
Solution:
Refresh the page
Check wallet extension is unlocked
Try different browser
Clear cache and cookies
Transaction Failed
Possible causes:
Insufficient SOL balance
Network congestion
Slippage too high
Solution:
Check SOL balance
Increase slippage tolerance
Try again in a few seconds
Market Not Loading
Solution:
Check internet connection
Refresh page
Try different market
Contact support if persists
Next Steps
Learn More
📚 How It Works - Understand prediction markets deeply
📊 Markets & Trading - Advanced trading strategies
💼 Portfolio Management - Track and optimize your trades
Join the Community
Discord: Ask questions, share strategies
Twitter: Latest market updates
Newsletter: Weekly market insights
Safety Checklist
✅ Wallet recovery phrase saved securely ✅ Never share private keys ✅ Verify website URL (https://veyra.app) ✅ Start with small trades ✅ Understand the risks ✅ Only trade what you can afford to lose
Ready to trade? Visit veyramarket.com and start predicting! 🚀
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