1、How to short Ether (1) What is Ether 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. The vision of Etherium is to create a decentralised world computer that is unstoppable, resistant to blocking (censorship) and self-sustaining. The official website is Ethereum Project. In the Ethernet network, there is a canonical computer (called an Ethernet Virtual Machine, or EVM) whose state is agreed upon by everyone in the Ethernet network. Everyone participating in the Ethernet network (each Ethernet node) keeps a copy of the state of this computer. In addition, any participant can broadcast a request for this computer to perform an arbitrary calculation. Whenever such a request is broadcast to the network, the other participants on the network verify, confirm and perform ("execute") the computation. This command causes a change in the state of the EVM and is propagated throughout the network. The computation request is called a transaction request; a record of all transactions and the current state of the EVM is stored in the blockchain, which in turn is stored and agreed upon by all nodes. The encryption mechanism ensures that once a transaction has been verified as valid and added to the blockchain, it cannot be tampered with thereafter. The same mechanism also ensures that all transactions are signed and executed with the appropriate "permissions" (no one can send digital assets from Alice's account except Alice herself). To run Ethernet, you can download (or write your own if you have the patience) some software called an Ethernet client. Similar to BitTorrent or Bitcoin, the Ethernet client will connect to other computers running similar client software over the network and start downloading the Ethernet blockchain through them to catch up. It will also independently verify that each block conforms to the rules of Ether. Ether (ETH) is the native cryptocurrency on Ether. Why does Ether exist? The purpose is to allow for the existence of a market in computing power. Such a market provides a financial incentive for participants to validate and execute transaction requests, providing computational resources to the network.? The biggest difference between Ether and Bitcoin is that Bitcoin's production is halved every 4 years, while Ether's production is fixed every year. (2) How to short Ether Suppose the price of Ether (ETH/USD) is currently at $2,000 and you think it could fall to $1,800 in the next 24 hours due to some negative news. So, you short (sell) 25 ETH at 25 times leverage. The initial capital you need to open such a position is 1/50th of $50,000 = $1,000 USD. After a few hours, the Ether reaches a target price of $1,800 USD and you close the position. (3) Digital wallet to buy Ether Since Ether is a digital currency, you need to store it somewhere - a digital wallet. Just like a normal wallet, you can store multiple currencies in it. When you ask another country, you might carry US dollars, euros and pounds. The same is true for digital currencies - depending on the wallet you use, you can store many different cryptocurrencies. For ethereum, you must use a wallet that is compatible with ethereum. You can get a web-based wallet, a software wallet or a hardware wallet. (4) Trading platforms to buy Ether You can buy Ether from a number of different exchanges (online platforms). You can also convert other cryptocurrencies to Ether using ShapeShift or buy from others using LocalEthereum. To buy Ether using fiat currencies (USD, GBP, EUR, JPY, etc.), you need to open an account on one of the following exchanges. (5) How to buy Ether on a centralised exchange As the process varies from CEX to CEX, we cannot provide you with a step-by-step guide on how to make a purchase on all the different CEXs, but we can provide you with some general steps.

• Step 1: Register an account on the CEX website or app. If CEX supports, for example, Binance, a one-step registration with your social account, you can register and log in directly using your social account.

• Step 2: Verify your identity and set up your CEX account security. You will usually need to have a government issued identification document. For the security of your assets, it is best to enable two-step verification.

• Step 3: Purchase USDT in fiat currency, either using the CEX service that supports OTC trading or a financial services platform that supports funding via your bank account or credit card.

• Step 4: Transfer the USDT purchased in fiat currency to CEX, which supports ETH trading on the spot market, and use the USDT to buy ETH on the spot market.

1. What is described above is just about the basics of cryptocurrencies, which relates to whether we can make money through cryptocurrencies. In addition to increasing your income by scientific methods, cryptocurrencies are also about 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 use the invitation link below or use the invitation code "Q022W7SC" to register. 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 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. (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 the 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.

1、How to short Ether (1) What is Ether 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. The vision of Etherium is to create a decentralised world computer that is unstoppable, resistant to blocking (censorship) and self-sustaining. The official website is Ethereum Project. In the Ethernet network, there is a canonical computer (called an Ethernet Virtual Machine, or EVM) whose state is agreed upon by everyone in the Ethernet network. Everyone participating in the Ethernet network (each Ethernet node) keeps a copy of the state of this computer. In addition, any participant can broadcast a request for this computer to perform an arbitrary calculation. Whenever such a request is broadcast to the network, the other participants on the network verify, confirm and perform ("execute") the computation. This command causes a change in the state of the EVM and is propagated throughout the network. The computation request is called a transaction request; a record of all transactions and the current state of the EVM is stored in the blockchain, which in turn is stored and agreed upon by all nodes. The encryption mechanism ensures that once a transaction has been verified as valid and added to the blockchain, it cannot be tampered with thereafter. The same mechanism also ensures that all transactions are signed and executed with the appropriate "permissions" (no one can send digital assets from Alice's account except Alice herself). To run Ethernet, you can download (or write your own if you have the patience) some software called an Ethernet client. Similar to BitTorrent or Bitcoin, the Ethernet client will connect to other computers running similar client software over the network and start downloading the Ethernet blockchain through them to catch up. It will also independently verify that each block conforms to the rules of Ether. Ether (ETH) is the native cryptocurrency on Ether. Why does Ether exist? The purpose is to allow for the existence of a market in computing power. Such a market provides a financial incentive for participants to validate and execute transaction requests, providing computational resources to the network.? The biggest difference between Ether and Bitcoin is that Bitcoin's production is halved every 4 years, while Ether's production is fixed every year. (2) How to short Ether Suppose the price of Ether (ETH/USD) is currently at $2,000 and you think it could fall to $1,800 in the next 24 hours due to some negative news. So, you short (sell) 25 ETH at 25 times leverage. The initial capital you need to open such a position is 1/50th of $50,000 = $1,000 USD. After a few hours, the Ether reaches a target price of $1,800 USD and you close the position. (3) Digital wallet to buy Ether Since Ether is a digital currency, you need to store it somewhere - a digital wallet. Just like a normal wallet, you can store multiple currencies in it. When you ask another country, you might carry US dollars, euros and pounds. The same is true for digital currencies - depending on the wallet you use, you can store many different cryptocurrencies. For ethereum, you must use a wallet that is compatible with ethereum. You can get a web-based wallet, a software wallet or a hardware wallet. (4) Trading platforms to buy Ether You can buy Ether from a number of different exchanges (online platforms). You can also convert other cryptocurrencies to Ether using ShapeShift or buy from others using LocalEthereum. To buy Ether using fiat currencies (USD, GBP, EUR, JPY, etc.), you need to open an account on one of the following exchanges. (5) How to buy Ether on a centralised exchange As the process varies from CEX to CEX, we cannot provide you with a step-by-step guide on how to make a purchase on all the different CEXs, but we can provide you with some general steps.

• Step 1: Register an account on the CEX website or app. If CEX supports, for example, Binance, a one-step registration with your social account, you can register and log in directly using your social account.

• Step 2: Verify your identity and set up your CEX account security. You will usually need to have a government issued identification document. For the security of your assets, it is best to enable two-step verification.

• Step 3: Purchase USDT in fiat currency, either using the CEX service that supports OTC trading or a financial services platform that supports funding via your bank account or credit card.

• Step 4: Transfer the USDT purchased in fiat currency to CEX, which supports ETH trading on the spot market, and use the USDT to buy ETH on the spot market.

1. What is described above is just about the basics of cryptocurrencies, which relates to whether we can make money through cryptocurrencies. In addition to increasing your income by scientific methods, cryptocurrencies are also about 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 use the invitation link below or use the invitation code "Q022W7SC" to register. 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 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. (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 the 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.