> For the complete documentation index, see [llms.txt](https://docs.0y.world/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.0y.world/faq/markets-and-trading-basics.md).

# Markets & Trading Basics

#### What kinds of markets does 0Y offer?

Common types include:

* Crypto time-window markets (e.g., BTC 15-min close Higher/Lower)
* Alternative crypto indexes (e.g. Fear & Greed Index)
* Crypto derivatives product (e.g. Liquidity heatmap)
* Real world asset contracts (e.g. gold, silver, crude oil)
* Headline/event markets (verified by defined sources)
* Innovative products (trench markets for meme tokens)

#### How do I make my first trade?

1. Deposit USDT/ USDC/ USDG, please refer to [How to Deposit](/deposit-and-withdrawal/how-to-deposit.md)
2. Choose a market
3. Select YES/NO or Higher/Lower
4. Enter stake
5. Review payout preview
6. Confirm

#### Why does my trade fill instantly?

Because 0Y is the platform that uses LMSR (not P2P). You’re accepting 0Y’s quoted odds based on LMSR pricing engine, not waiting for another user.

#### What does “Higher/Lower” mean in BTC 15-min markets?

It means BTC’s close price at expiry is compared to the reference price defined in the market rules. The exact tie handling (equal) is stated in Rules.

#### What if BTC closes exactly equal?

This depends on the market’s rules. Some markets treat equal as Lower, others may refund or define it differently. Always check the Rules section.


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