What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...
What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...

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Ether is software running in a network of computers that ensures that data, and small programs called smart contracts, can be replicated and processed by all computers in the network without a central coordinator. Ether's vision is to create a decentralised world computer that is unstoppable, resistant to blocking (censorship) and self-sustaining. (1) What is short term trading Short term trading refers to transactions where investors buy and sell Ether in a short timeframe to earn a spread. Short-term traders try to capture the ups and downs of Ether. Positions are typically held for one to six days, but some can be as long as several weeks if the trade is still profitable. Short term traders use a variety of technical indicators to find trading opportunities in order to determine the pattern, direction and potential short-term changes in the trend. (2) What is ultra-short term trading Ultra-short term trading is a trading strategy that attempts to profit from relatively small price movements. Ultra-short term traders do not seek to make huge profits. Instead, they aim to gain from small price changes time and time again. Therefore, ultra-short term traders may place multiple trades in a short period of time in order to take advantage of small price swings and market inefficiencies. The idea is that over time, these small gains will stack and compound to accumulate into a substantial amount. Due to the short time frame involved, ultra-short term traders rely heavily on technical analysis to generate trading ideas. As most fundamental events occur over long periods of time, ultra-short term traders pay little attention to fundamental analysis. However, fundamental analysis can still have a significant impact when deciding which assets to trade. In short, ultra-short term traders take advantage of short-term volatility rather than larger price swings. This strategy may not be suitable for everyone, as it requires a deep understanding of market mechanics and quick decision making (3) How do ultra-short term traders make money? So, what technical factors do ultra-short term traders consider? Trading volume, price behaviour, support and resistance levels, and K-chart chart patterns are all commonly used to identify trading patterns. Some of the most common technical indicators used by ultra-short term traders include moving averages, the Relative Strength Index (RSI), Bollinger Bands, VWAP and the Fibonacci Retracement tool. Many ultra-short term traders also use real-time order book analysis, volume profiles, open interest and other sophisticated indicators. In addition, some ultra-short term traders also build their own custom indicators to give them an edge in the market. As with any other trading strategy, finding a unique edge in the market is critical to success. The key to ultra-short term trading lies in finding small opportunities in the market and taking advantage of them. Once these strategies become publicly known, they can easily become unprofitable, so ultra-short traders are likely to keep their personal trading portfolios strictly confidential. It is for this reason that it is important to build and test your own strategies. As we have discussed, ultra-short term traders usually trade on a very small timescale. This may be on the day chart, such as a 1 hour, 15 minute, 5 minute or even 1 minute chart. Some ultra-short term traders may even focus on a time frame of less than a minute. However, these time periods fall into the realm of high frequency trading robots, which may not make sense for a human. Machines can process large amounts of data quickly, but most people don't make the best decisions when they are staring at 15-second charts. Here are some other things to consider. We all know that signals and levels in longer time ranges are usually more reliable than signals in shorter time ranges. This is exactly why most ultra-short term traders will still focus on longer range market structures first. Why? They first get a general idea of the important long time horizon levels and then zoom in on them in search of an ultra-short term trading approach. This suggests that looking at market structure on a longer time horizon is very useful, even for short term trading. Even so, trading and investment strategies can vary considerably from trader to trader. There are no strict rules for ultra-short term traders, but there are some guidelines that you can consider when setting your own rules. (4) Ultra-short term trading strategies There are two types of ultra-short term traders to consider - the Autodetermined Ultra-short term trader and the Systematic Ultra-short term trader. Autonomous traders make trading decisions "on the spot" based on their observations of market dynamics. They may or may not have specific requirements as to when to enter or exit a trade, but their decisions are based primarily on the conditions at hand. In other words, autonomous traders may consider many different factors, but the rules are not as strict and they rely more on intuitive perceptions. Systematic ultra-short term traders take a different approach. They have a well-defined trading system, which essentially acts as a trigger for entry and exit. If certain conditions in their rule set are met, they will enter or exit the trade. Systematic trading is more data driven than autonomous decision making trading. Systematic traders rely less on intuition and more on data and algorithms. In fact, this classification applies to any other type of trader. However, when it comes to short-term strategies, the difference between the two is even more pronounced. After all, autonomous decision making type trading may not be consistently effective over a longer time horizon. Some ultra-short term traders use a strategy called 'range trading'. They wait for a certain price range to be determined and then trade within that range. The idea behind this is that until the range is broken, the low of the range will act as support and the high of the range will act as resistance. Of course, this is by no means a guarantee, but it can still be used as a successful ultra-short term trading system. However, a good trader will be prepared for a breakout from this range by setting a stop loss. Another ultra-short term trading technique involves taking advantage of the bid/ask spread. If there is a considerable difference between the highest bid and the lowest ask, the ultra-short trader can profit from this. That said, this strategy is more suited to algorithmic or quantitative trading. Why? Because humans are not as reliable as machines when it comes to spotting small inefficiencies in the market. This is why the field is full of trading robots. As a result, traders who want to adopt this strategy usually have to compete with algorithms. Ultra-short term trading usually requires the use of leverage. Due to the relatively small target percentages, ultra-short term traders often want to use leverage to increase the size of their positions. As a result, ultra-short term traders often use margin trading platforms, futures contracts and other financial products that offer leveraged trading. However, as ultra-short term traders aim to profit from smaller swings through larger positions, they often need to be aware of sliding spreads. (5) Short term trading advice (1) Try to stay out of trading on weekends Every weekend, the volatility of cryptocurrency prices increases and trading volumes are small. This makes it difficult to predict short term price movements. The reason for this is simple: buy and sell orders are usually smaller on weekends, market liquidity is lower and it is easier for giant whales to manipulate short-term prices, making the disadvantage for retail traders even more pronounced. Also, as the cryptocurrency market is non-stop 7×24, trading intensity is much higher than in the stock market and weekends are a good time to decompress and rest - after all, life is bigger than trading. ② Don't ignore extreme market conditions While referring to technical analysis indicators, you cannot ignore black swan events or other extreme market conditions. Ultimately, markets are driven by supply and demand, and sometimes markets are extremely unbalanced. Take the RSI relative strength indicator as an example. Typically, if the indicator is below 30, the asset can be considered oversold. Does this mean that it is safe to take a bottom? Not really! It can only indicate that the market is under the control of the sellers. In exceptional market conditions, the RSI may reach extreme values and may even fall to single digits or close to zero. Even then, it does not necessarily mean that a price reversal is imminent. ③Trading on a demo account If you are new to trading, or are not particularly sure about some of your new-found trading plans, you can use a demo account to test some of your new ideas and indicators, and after enough testing, add them to your actual trading strategy. ④ Don't over-trade There is not a positive correlation between the number of trades and profitability. Even if the market offers multiple opportunities, try not to operate more than 3 trades at the same time. The greater the variety and number of positions, the more difficult it is to manage risk. If multiple trades are stopped out, you could suffer significant losses. ⑤ Keep trading at specific times It was just mentioned that the cryptocurrency market is ongoing 24/7 and never stops, so even full-time traders cannot manage to keep an eye on the market all the time. To keep a clear head, you can set yourself a fixed trading time. Once you have opened an order during trading hours, set a stop loss and take profit, then you can go and do other things. This eliminates the urge to constantly check your phone or study K-lines, and trading will not interfere with your normal routine.
Keep a trading diary Trading diary review is tedious, but it is actually very rewarding as it helps you avoid making the same mistakes. There are specific reasons behind both profitable and losing orders, and recording the details of your trades is a way of learning that will allow you to grow quickly. (7) Don't get attached to an asset If you fall in love with the asset you are trading, it can easily lead to poor decisions on your part. Good traders use efficiency and rules to make money and give themselves an edge, as most people in the market are ruled by emotions in their trading behaviour. "Being an emotionless trading machine" ensures decisive and principled trading. One of the major reasons why many traders lose so much money is the tendency to become emotionally attached to particular cryptocurrencies, teams or projects. This is acceptable for medium to long term investors, but a potential disaster for short term traders. 8 Don't forget that technical analysis is a game of probability There is no absolute correctness in technical analysis, it is essentially a game of probability. This means that no matter what technical approach you use to develop your strategy, there is no guarantee that the market will work as expected. Technical analysis is only a prediction and cannot be manipulated as if it were a deterministic event. No matter how experienced you are and how dazzling your track record is, you cannot take it for granted that the market will follow your technical analysis. If you hold such thinking, it is easy to go over** on a particular preset, resulting in overexposure to risk and the market will teach you to behave in minutes. ⑨ Don't try to catch flying daggers with your bare hands The term "catching a flying knife with your bare hands" refers to a trader trying to bottom an asset that is plummeting. The motive is usually to bring down the cost price to compensate for the losses incurred by the sharp fall. It is not wise to try to make a precise bottom on the way to a crash. It is more prudent to wait for a stabilising rally and for resistance to turn into support before entering the market. Keep your trading rules simple Traders often combine multiple indicators, news and K-line patterns in an attempt to find the right confluence of trades. This in itself is fine, but care should be taken to avoid over-analysing and complicating matters. In fact, when a K-line pattern appears on the chart that suits your system, it is time to open a trade. At the same time, it is particularly important to take care of stop-loss settings and position control. Avoid retaliatory trading When a trade is closed, either with a profit or a loss, the rules need to be firmly adhered to. After executing a stop loss, try not to look at it again for 24 hours. This effectively avoids retaliatory trading, where opening an order with revenge is likely to widen losses. Some people believe that you have to get up from where you have fallen, but it is more important to watch calmly until a new entry condition is triggered. As traders look at charts for hours each day, it can be difficult to resist the temptation to open another order to recover the situation after a stop loss. It is especially important to avoid a vindictive mindset when using leverage to make swings. ⑫Only trade in the right frame of mind Don't trade when you are angry, tired or stressed about something - your mindset can cloud your judgement. The key to maintaining a good mindset is to have other daily activities outside of trading. For example, working out, reading, spending time with family and friends, all of which help to develop the right trading mindset.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
Ether is software running in a network of computers that ensures that data, and small programs called smart contracts, can be replicated and processed by all computers in the network without a central coordinator. Ether's vision is to create a decentralised world computer that is unstoppable, resistant to blocking (censorship) and self-sustaining. (1) What is short term trading Short term trading refers to transactions where investors buy and sell Ether in a short timeframe to earn a spread. Short-term traders try to capture the ups and downs of Ether. Positions are typically held for one to six days, but some can be as long as several weeks if the trade is still profitable. Short term traders use a variety of technical indicators to find trading opportunities in order to determine the pattern, direction and potential short-term changes in the trend. (2) What is ultra-short term trading Ultra-short term trading is a trading strategy that attempts to profit from relatively small price movements. Ultra-short term traders do not seek to make huge profits. Instead, they aim to gain from small price changes time and time again. Therefore, ultra-short term traders may place multiple trades in a short period of time in order to take advantage of small price swings and market inefficiencies. The idea is that over time, these small gains will stack and compound to accumulate into a substantial amount. Due to the short time frame involved, ultra-short term traders rely heavily on technical analysis to generate trading ideas. As most fundamental events occur over long periods of time, ultra-short term traders pay little attention to fundamental analysis. However, fundamental analysis can still have a significant impact when deciding which assets to trade. In short, ultra-short term traders take advantage of short-term volatility rather than larger price swings. This strategy may not be suitable for everyone, as it requires a deep understanding of market mechanics and quick decision making (3) How do ultra-short term traders make money? So, what technical factors do ultra-short term traders consider? Trading volume, price behaviour, support and resistance levels, and K-chart chart patterns are all commonly used to identify trading patterns. Some of the most common technical indicators used by ultra-short term traders include moving averages, the Relative Strength Index (RSI), Bollinger Bands, VWAP and the Fibonacci Retracement tool. Many ultra-short term traders also use real-time order book analysis, volume profiles, open interest and other sophisticated indicators. In addition, some ultra-short term traders also build their own custom indicators to give them an edge in the market. As with any other trading strategy, finding a unique edge in the market is critical to success. The key to ultra-short term trading lies in finding small opportunities in the market and taking advantage of them. Once these strategies become publicly known, they can easily become unprofitable, so ultra-short traders are likely to keep their personal trading portfolios strictly confidential. It is for this reason that it is important to build and test your own strategies. As we have discussed, ultra-short term traders usually trade on a very small timescale. This may be on the day chart, such as a 1 hour, 15 minute, 5 minute or even 1 minute chart. Some ultra-short term traders may even focus on a time frame of less than a minute. However, these time periods fall into the realm of high frequency trading robots, which may not make sense for a human. Machines can process large amounts of data quickly, but most people don't make the best decisions when they are staring at 15-second charts. Here are some other things to consider. We all know that signals and levels in longer time ranges are usually more reliable than signals in shorter time ranges. This is exactly why most ultra-short term traders will still focus on longer range market structures first. Why? They first get a general idea of the important long time horizon levels and then zoom in on them in search of an ultra-short term trading approach. This suggests that looking at market structure on a longer time horizon is very useful, even for short term trading. Even so, trading and investment strategies can vary considerably from trader to trader. There are no strict rules for ultra-short term traders, but there are some guidelines that you can consider when setting your own rules. (4) Ultra-short term trading strategies There are two types of ultra-short term traders to consider - the Autodetermined Ultra-short term trader and the Systematic Ultra-short term trader. Autonomous traders make trading decisions "on the spot" based on their observations of market dynamics. They may or may not have specific requirements as to when to enter or exit a trade, but their decisions are based primarily on the conditions at hand. In other words, autonomous traders may consider many different factors, but the rules are not as strict and they rely more on intuitive perceptions. Systematic ultra-short term traders take a different approach. They have a well-defined trading system, which essentially acts as a trigger for entry and exit. If certain conditions in their rule set are met, they will enter or exit the trade. Systematic trading is more data driven than autonomous decision making trading. Systematic traders rely less on intuition and more on data and algorithms. In fact, this classification applies to any other type of trader. However, when it comes to short-term strategies, the difference between the two is even more pronounced. After all, autonomous decision making type trading may not be consistently effective over a longer time horizon. Some ultra-short term traders use a strategy called 'range trading'. They wait for a certain price range to be determined and then trade within that range. The idea behind this is that until the range is broken, the low of the range will act as support and the high of the range will act as resistance. Of course, this is by no means a guarantee, but it can still be used as a successful ultra-short term trading system. However, a good trader will be prepared for a breakout from this range by setting a stop loss. Another ultra-short term trading technique involves taking advantage of the bid/ask spread. If there is a considerable difference between the highest bid and the lowest ask, the ultra-short trader can profit from this. That said, this strategy is more suited to algorithmic or quantitative trading. Why? Because humans are not as reliable as machines when it comes to spotting small inefficiencies in the market. This is why the field is full of trading robots. As a result, traders who want to adopt this strategy usually have to compete with algorithms. Ultra-short term trading usually requires the use of leverage. Due to the relatively small target percentages, ultra-short term traders often want to use leverage to increase the size of their positions. As a result, ultra-short term traders often use margin trading platforms, futures contracts and other financial products that offer leveraged trading. However, as ultra-short term traders aim to profit from smaller swings through larger positions, they often need to be aware of sliding spreads. (5) Short term trading advice (1) Try to stay out of trading on weekends Every weekend, the volatility of cryptocurrency prices increases and trading volumes are small. This makes it difficult to predict short term price movements. The reason for this is simple: buy and sell orders are usually smaller on weekends, market liquidity is lower and it is easier for giant whales to manipulate short-term prices, making the disadvantage for retail traders even more pronounced. Also, as the cryptocurrency market is non-stop 7×24, trading intensity is much higher than in the stock market and weekends are a good time to decompress and rest - after all, life is bigger than trading. ② Don't ignore extreme market conditions While referring to technical analysis indicators, you cannot ignore black swan events or other extreme market conditions. Ultimately, markets are driven by supply and demand, and sometimes markets are extremely unbalanced. Take the RSI relative strength indicator as an example. Typically, if the indicator is below 30, the asset can be considered oversold. Does this mean that it is safe to take a bottom? Not really! It can only indicate that the market is under the control of the sellers. In exceptional market conditions, the RSI may reach extreme values and may even fall to single digits or close to zero. Even then, it does not necessarily mean that a price reversal is imminent. ③Trading on a demo account If you are new to trading, or are not particularly sure about some of your new-found trading plans, you can use a demo account to test some of your new ideas and indicators, and after enough testing, add them to your actual trading strategy. ④ Don't over-trade There is not a positive correlation between the number of trades and profitability. Even if the market offers multiple opportunities, try not to operate more than 3 trades at the same time. The greater the variety and number of positions, the more difficult it is to manage risk. If multiple trades are stopped out, you could suffer significant losses. ⑤ Keep trading at specific times It was just mentioned that the cryptocurrency market is ongoing 24/7 and never stops, so even full-time traders cannot manage to keep an eye on the market all the time. To keep a clear head, you can set yourself a fixed trading time. Once you have opened an order during trading hours, set a stop loss and take profit, then you can go and do other things. This eliminates the urge to constantly check your phone or study K-lines, and trading will not interfere with your normal routine.
Keep a trading diary Trading diary review is tedious, but it is actually very rewarding as it helps you avoid making the same mistakes. There are specific reasons behind both profitable and losing orders, and recording the details of your trades is a way of learning that will allow you to grow quickly. (7) Don't get attached to an asset If you fall in love with the asset you are trading, it can easily lead to poor decisions on your part. Good traders use efficiency and rules to make money and give themselves an edge, as most people in the market are ruled by emotions in their trading behaviour. "Being an emotionless trading machine" ensures decisive and principled trading. One of the major reasons why many traders lose so much money is the tendency to become emotionally attached to particular cryptocurrencies, teams or projects. This is acceptable for medium to long term investors, but a potential disaster for short term traders. 8 Don't forget that technical analysis is a game of probability There is no absolute correctness in technical analysis, it is essentially a game of probability. This means that no matter what technical approach you use to develop your strategy, there is no guarantee that the market will work as expected. Technical analysis is only a prediction and cannot be manipulated as if it were a deterministic event. No matter how experienced you are and how dazzling your track record is, you cannot take it for granted that the market will follow your technical analysis. If you hold such thinking, it is easy to go over** on a particular preset, resulting in overexposure to risk and the market will teach you to behave in minutes. ⑨ Don't try to catch flying daggers with your bare hands The term "catching a flying knife with your bare hands" refers to a trader trying to bottom an asset that is plummeting. The motive is usually to bring down the cost price to compensate for the losses incurred by the sharp fall. It is not wise to try to make a precise bottom on the way to a crash. It is more prudent to wait for a stabilising rally and for resistance to turn into support before entering the market. Keep your trading rules simple Traders often combine multiple indicators, news and K-line patterns in an attempt to find the right confluence of trades. This in itself is fine, but care should be taken to avoid over-analysing and complicating matters. In fact, when a K-line pattern appears on the chart that suits your system, it is time to open a trade. At the same time, it is particularly important to take care of stop-loss settings and position control. Avoid retaliatory trading When a trade is closed, either with a profit or a loss, the rules need to be firmly adhered to. After executing a stop loss, try not to look at it again for 24 hours. This effectively avoids retaliatory trading, where opening an order with revenge is likely to widen losses. Some people believe that you have to get up from where you have fallen, but it is more important to watch calmly until a new entry condition is triggered. As traders look at charts for hours each day, it can be difficult to resist the temptation to open another order to recover the situation after a stop loss. It is especially important to avoid a vindictive mindset when using leverage to make swings. ⑫Only trade in the right frame of mind Don't trade when you are angry, tired or stressed about something - your mindset can cloud your judgement. The key to maintaining a good mindset is to have other daily activities outside of trading. For example, working out, reading, spending time with family and friends, all of which help to develop the right trading mindset.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
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