BTCWhat 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...
BTCWhat 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...
BTCHow 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...
BTCWhat 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...
BTCWhat 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...
BTCHow 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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Bottoming out on Ether means an operational strategy of buying when Ether has fallen to its lowest point as measured by some valuation metric, especially if it has fallen sharply in a short period of time, in anticipation that the coin price will soon rebound. Here is what you need to do if you want to bottom Ether. (1) Register for an Ether exchange account Binance is a virtual currency exchange, and is currently the number one platform in the world for virtual currency trading. ①Register with your mobile phone number -Go to the Binance website and click on [Register]. -Click on [Mobile] and enter your account mobile number and password, as well as your referrer ID (Q022W7SC). Read and agree to the terms of use, then click [Create Account]. For account security, the password should contain at least 8 characters, including 1 uppercase character and 1 number. Be sure to fill in the referral ID (Q022W7SC). This is because referrals are entitled to a 20% discount on transaction fees. The handling fee is small but must not be overlooked. I once calculated that with frequent transactions and long trading hours, the accumulation of small amounts could result in a handling fee expense of more than U10,000 a year.
Complete security verification. -The system will send an SMS verification code to your mobile phone. Please enter the 6-digit verification code within 30 minutes. If you do not receive it, please click [Resend] or [Please try voice verification] to use voice verification instead. -Registration is successful ②Register with the invitation link Register with the link below to receive 20%. https://accounts.binance.com/en/register?ref=Q022W7SC
③Register on the Coin App -Open Coin App, click [Login/Register]. -Click [Register]. Enter the email address and password you will use for your account, as well as the referral ID (Q022W7SC). Check the box next to [I understand the terms of use of Binance] and click [-]. Your password must contain at least 8 characters, including 1 upper case letter and 1 number. Please make sure to fill in the referral ID (Q022W7SC). -Drag the slider to complete the security verification puzzle. -You will receive a verification email in your inbox. Please allow 10 minutes to enter the verification code. If the email is not found, click [Send Code] for another email. For account security, it is highly recommended to enable two-factor authentication (2FA). Coin supports both Google and SMS 2FA. you will need to complete both authentication and 2FA before you can start P2P transactions. ④Register by email -Go to the CoinSec website and click on [Register]. -On the registration page, enter your email address, create a password for your account and enter the referral ID (Q022W7SC). Then, read and agree to the Terms of Service and click [Create Account]. Your password must be a combination of numbers and letters. It should contain at least 8 characters, one uppercase letter and one number. Be sure to fill in the referral ID (Q022W7SC). -Complete the security verification. -The system will send a verification code to your email address. Please enter the code within 30 minutes. If you cannot find the email in your inbox, please check your other email folders or click [resend email] to resend it. -Registration was successful. -For enhanced account security, click [Go to Control Panel] to enable two-step verification (2FA), including mobile verification and Google verification. (2) Deposit to a Bitcoin exchange Let's use Coinan as an example. Cryptocurrency currently supports five deposit methods: wallet transfers, C2C transactions, credit card purchases, bank fiat and third party payments.
Exchange wallet deposit (0 fee) The exchange wallet provided by Coinan itself can be used to deposit (top up), withdraw (cash out) and transfer funds. So if you already hold some cryptocurrency assets in other virtual currency wallets, you can transfer them to your Coin On wallet. The advantage of this method is that it eliminates fees, but please note that when making a wallet transfer, whether you choose to top up, withdraw to a third party platform, or to your own virtual currency wallet, you must check the following Several things must be confirmed. Wallet/platform compatibility: i.e. whether or not the network is supported, if the target platform does not support the withdrawal network this will result in the virtual currency being lost. Whether the network used for replenishing and withdrawing is the same as the target platform: if the target address is chosen for the ethereum network, but the coin smart chain is chosen for replenishment, the virtual currency will be lost. Make sure that the address and amount are correct before you top up and withdraw: The block network is anonymous and private, so if you enter the wrong information, you will lose your virtual currency. ②C2C deposit and stored value (0 commission) C2C trading (Customer to Customer, C2C) refers to user to user transactions. Cryptocurrency Exchange plays the role of a third-party platform here to protect the security of buyers and sellers, and Cryptocurrency does not charge additional fees during C2C transactions, which is one of the most recommended ways to deposit and store value. Cryptocurrency is like an auction platform, the platform will qualify merchants, so it is recommended that when trading C2C, make sure you choose a certified shop to buy from (the ones with a yellow tick next to them). However, before making a C2C transaction, you can learn about the C2C transaction matters of Coin. You must first bind your mobile phone number and complete KYC verification. After a user has purchased virtual currency in the C2C trading area, it takes 24 hours before it can be raised to an address outside the exchange. To ensure proper trading, when users sell virtual currency, the platform will freeze the corresponding amount of virtual currency of the order. C2C trading of fiat currency on Coin is currently at 0 transaction fees. The merchants that you can trade with may vary depending on your KYC region, so you will need to pay extra attention to exchange rates when trading. Credit Card Deposit (approx. 3% fee) The credit card deposit method supported by Cryptocurrency is definitely a way to lower the threshold for cryptocurrency investment and allow the general public to fund with a credit card. However, the fees for credit card deposits are high, basically around 3% of the deposit amount, so it is not recommended to deposit large amounts with a credit card. To use a credit card to deposit with Coin, you must complete registration and complete identity verification, which will increase the maximum withdrawal amount to 100 BTC every 24 hours and increase the deposit amount for specific fiat channels. ④ Bank fiat deposit (0 commission) If you don't have a suitable credit card and happen to have some US dollars or other foreign currencies, you can choose to use the bank top-up method to deposit fiat coins to On, this function is called fiat deposit. Each currency has its own deposit method, but if you deposit in fiat currency through other methods, you will be charged a fee. You can also check the bank deposit fees for each currency on the CoinSec website. (5) Third party payment deposit and storage (about 2-4% commission) Third-party payment is to fund your coins through other platforms that CoinSec cooperates with. These third-party payment platforms can be used to buy coins and deposit funds by credit card, transfer or wire transfer. The fees vary from platform to platform and will be displayed on the screen during the transaction, basically the fees will be around 2~4%, which is a high cost way to deposit. For those who use third party payment platforms to deposit into Coinan, it is important to note that these third party platforms are independently operated legal tender and cryptocurrency trading platforms, and Coinan will not be held responsible for any problems or losses in the transaction. (3) Plunge into Bitcoin Take Cryptocurrency as an example ①Login to the Coinan app, you can switch between Coinan Lite or Pro on the app personal centre page, select Coinan Lite and enter the Coinan Lite home page. ②On the Coinan Lite homepage, click the trade button at the bottom and click "Buy Coins". ③Select the currency you want to buy, take Bitcoin for example, click BTC. ④Enter the amount you want to buy, you can refer to the minimum purchase limit below. ⑤Enter the amount and click on "Buy BTC". ⑥Select your payment method, the system will recommend the best payment method for you, for example, choose your bank card and click "Confirm". (7) After the order is created, the status will change to "Please pay". Click on the "Go to payment" button. (8) You will then see the payment information of the other party. Once the payment is made, please wait for the seller to confirm the payment, and the digital currency will be transferred to your wallet. You can click on the wallet button at the bottom to view it.
Bottoming out on Ether means an operational strategy of buying when Ether has fallen to its lowest point as measured by some valuation metric, especially if it has fallen sharply in a short period of time, in anticipation that the coin price will soon rebound. Here is what you need to do if you want to bottom Ether. (1) Register for an Ether exchange account Binance is a virtual currency exchange, and is currently the number one platform in the world for virtual currency trading. ①Register with your mobile phone number -Go to the Binance website and click on [Register]. -Click on [Mobile] and enter your account mobile number and password, as well as your referrer ID (Q022W7SC). Read and agree to the terms of use, then click [Create Account]. For account security, the password should contain at least 8 characters, including 1 uppercase character and 1 number. Be sure to fill in the referral ID (Q022W7SC). This is because referrals are entitled to a 20% discount on transaction fees. The handling fee is small but must not be overlooked. I once calculated that with frequent transactions and long trading hours, the accumulation of small amounts could result in a handling fee expense of more than U10,000 a year.
Complete security verification. -The system will send an SMS verification code to your mobile phone. Please enter the 6-digit verification code within 30 minutes. If you do not receive it, please click [Resend] or [Please try voice verification] to use voice verification instead. -Registration is successful ②Register with the invitation link Register with the link below to receive 20%. https://accounts.binance.com/en/register?ref=Q022W7SC
③Register on the Coin App -Open Coin App, click [Login/Register]. -Click [Register]. Enter the email address and password you will use for your account, as well as the referral ID (Q022W7SC). Check the box next to [I understand the terms of use of Binance] and click [-]. Your password must contain at least 8 characters, including 1 upper case letter and 1 number. Please make sure to fill in the referral ID (Q022W7SC). -Drag the slider to complete the security verification puzzle. -You will receive a verification email in your inbox. Please allow 10 minutes to enter the verification code. If the email is not found, click [Send Code] for another email. For account security, it is highly recommended to enable two-factor authentication (2FA). Coin supports both Google and SMS 2FA. you will need to complete both authentication and 2FA before you can start P2P transactions. ④Register by email -Go to the CoinSec website and click on [Register]. -On the registration page, enter your email address, create a password for your account and enter the referral ID (Q022W7SC). Then, read and agree to the Terms of Service and click [Create Account]. Your password must be a combination of numbers and letters. It should contain at least 8 characters, one uppercase letter and one number. Be sure to fill in the referral ID (Q022W7SC). -Complete the security verification. -The system will send a verification code to your email address. Please enter the code within 30 minutes. If you cannot find the email in your inbox, please check your other email folders or click [resend email] to resend it. -Registration was successful. -For enhanced account security, click [Go to Control Panel] to enable two-step verification (2FA), including mobile verification and Google verification. (2) Deposit to a Bitcoin exchange Let's use Coinan as an example. Cryptocurrency currently supports five deposit methods: wallet transfers, C2C transactions, credit card purchases, bank fiat and third party payments.
Exchange wallet deposit (0 fee) The exchange wallet provided by Coinan itself can be used to deposit (top up), withdraw (cash out) and transfer funds. So if you already hold some cryptocurrency assets in other virtual currency wallets, you can transfer them to your Coin On wallet. The advantage of this method is that it eliminates fees, but please note that when making a wallet transfer, whether you choose to top up, withdraw to a third party platform, or to your own virtual currency wallet, you must check the following Several things must be confirmed. Wallet/platform compatibility: i.e. whether or not the network is supported, if the target platform does not support the withdrawal network this will result in the virtual currency being lost. Whether the network used for replenishing and withdrawing is the same as the target platform: if the target address is chosen for the ethereum network, but the coin smart chain is chosen for replenishment, the virtual currency will be lost. Make sure that the address and amount are correct before you top up and withdraw: The block network is anonymous and private, so if you enter the wrong information, you will lose your virtual currency. ②C2C deposit and stored value (0 commission) C2C trading (Customer to Customer, C2C) refers to user to user transactions. Cryptocurrency Exchange plays the role of a third-party platform here to protect the security of buyers and sellers, and Cryptocurrency does not charge additional fees during C2C transactions, which is one of the most recommended ways to deposit and store value. Cryptocurrency is like an auction platform, the platform will qualify merchants, so it is recommended that when trading C2C, make sure you choose a certified shop to buy from (the ones with a yellow tick next to them). However, before making a C2C transaction, you can learn about the C2C transaction matters of Coin. You must first bind your mobile phone number and complete KYC verification. After a user has purchased virtual currency in the C2C trading area, it takes 24 hours before it can be raised to an address outside the exchange. To ensure proper trading, when users sell virtual currency, the platform will freeze the corresponding amount of virtual currency of the order. C2C trading of fiat currency on Coin is currently at 0 transaction fees. The merchants that you can trade with may vary depending on your KYC region, so you will need to pay extra attention to exchange rates when trading. Credit Card Deposit (approx. 3% fee) The credit card deposit method supported by Cryptocurrency is definitely a way to lower the threshold for cryptocurrency investment and allow the general public to fund with a credit card. However, the fees for credit card deposits are high, basically around 3% of the deposit amount, so it is not recommended to deposit large amounts with a credit card. To use a credit card to deposit with Coin, you must complete registration and complete identity verification, which will increase the maximum withdrawal amount to 100 BTC every 24 hours and increase the deposit amount for specific fiat channels. ④ Bank fiat deposit (0 commission) If you don't have a suitable credit card and happen to have some US dollars or other foreign currencies, you can choose to use the bank top-up method to deposit fiat coins to On, this function is called fiat deposit. Each currency has its own deposit method, but if you deposit in fiat currency through other methods, you will be charged a fee. You can also check the bank deposit fees for each currency on the CoinSec website. (5) Third party payment deposit and storage (about 2-4% commission) Third-party payment is to fund your coins through other platforms that CoinSec cooperates with. These third-party payment platforms can be used to buy coins and deposit funds by credit card, transfer or wire transfer. The fees vary from platform to platform and will be displayed on the screen during the transaction, basically the fees will be around 2~4%, which is a high cost way to deposit. For those who use third party payment platforms to deposit into Coinan, it is important to note that these third party platforms are independently operated legal tender and cryptocurrency trading platforms, and Coinan will not be held responsible for any problems or losses in the transaction. (3) Plunge into Bitcoin Take Cryptocurrency as an example ①Login to the Coinan app, you can switch between Coinan Lite or Pro on the app personal centre page, select Coinan Lite and enter the Coinan Lite home page. ②On the Coinan Lite homepage, click the trade button at the bottom and click "Buy Coins". ③Select the currency you want to buy, take Bitcoin for example, click BTC. ④Enter the amount you want to buy, you can refer to the minimum purchase limit below. ⑤Enter the amount and click on "Buy BTC". ⑥Select your payment method, the system will recommend the best payment method for you, for example, choose your bank card and click "Confirm". (7) After the order is created, the status will change to "Please pay". Click on the "Go to payment" button. (8) You will then see the payment information of the other party. Once the payment is made, please wait for the seller to confirm the payment, and the digital currency will be transferred to your wallet. You can click on the wallet button at the bottom to view it.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. In addition to increasing your income by scientific methods, cryptocurrency money making is also about finding ways to save money. One of the easiest ways to do this is to take advantage of the reduced transaction fees. The handling fee is small, but it must not be ignored. I have calculated that with frequent trading and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will describe a few common ways to reduce fees on large trading platforms. (1) Reduce OKX fees OKX is a professional digital currency trading platform loved by many users, and his trading fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: general 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 savings rate 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. (2) 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.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. In addition to increasing your income by scientific methods, cryptocurrency money making is also about finding ways to save money. One of the easiest ways to do this is to take advantage of the reduced transaction fees. The handling fee is small, but it must not be ignored. I have calculated that with frequent trading and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will describe a few common ways to reduce fees on large trading platforms. (1) Reduce OKX fees OKX is a professional digital currency trading platform loved by many users, and his trading fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: general 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 savings rate 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. (2) 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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