Category Archives: Tutorials

Introduction To Crypto Exchange

Introduction To Crypto Exchange

What is Crypto Exchange

Crypto.com and Crypto.com Exchange 

1. Crypto.com is easy to use.  

2. Crypto.com exchange is for professional users who need to monitor technical charting for trading purpose 

3. MAS regulated 

4. Low trading fee 

5. Many crypto currency available to trade

With its numerous perks and features, Crypto.com could be a particularly strong option for those willing to go all in on the platform. Large holdings of CRO, Crypto.com’s own cryptocurrency, for instance, mean lower trading fees and more rewards on the Crypto.com Visa card. If you’re new to cryptocurrency, you may be overwhelmed by Crypto.com’s trading interface. You might seek out a more beginner-friendly—albeit much pricier—platform like Coinbase, our top pick for beginners, or Gemini. Both Coinbase Pro and Gemini Active Trader do offer lower trading fees for those willing to brave those platforms’ own more complex interfaces. Regardless of which exchange you pick, remember that cryptocurrency is a highly volatile asset and that you may lose significant amounts of your investment, particularly in the short term. Make sure you don’t put more into Crypto.com (or any crypto exchange, for that matter) than you can afford to lose.

The founders of Crypto.com envision a future where cryptocurrency is a standard investment class rather than a curiosity. Whether you believe this will come to pass or not, Crypto.com can help you weave cryptocurrencies into your financial life. To that end, beyond the standard buying and selling of crypto, the platform offers the following useful features: Cashback Visa Card Crypto.com offers a prepaid Visa card that functions like a rewards debit card and can more easily allow you to spend your crypto holdings. Though it’s available to everyone, those who purchase and hold onto the platform’s native cryptocurrency, CRO, stand to earn the most. The Crypto.com Visa Card* is available with five reward tiers based on how much CRO you hold. Each generally provides rebates for certain types of services, like Spotify, Netflix or even Airbnb; some amount of free ATM withdrawals; and anywhere from 1% to 8% “cash back.” While that last percentage is no doubt appealing, it’s truly only attainable for the diehard crypto enthusiast, requiring you to lock up $400,000 in the CRO token. Note that “cash back” in this case means CRO, which could be inconvenient if you’re using the card solely for rewards. You’ll likely need to convert CRO into fiat currency to access your cash back. It also means the value of your rewards may change unexpectedly as CRO can experience somewhat volatile price swings.

Like other major crypto exchanges, you can earn interest by choosing to loan your cryptocurrency to others. Borrowers may then use these loans to verify transactions for proof-of-stake currencies or for other purposes. Through Crypto.com’s Earn program, you can receive up to 14% per year on your deposits of more than 30 cryptocurrencies, depending on the cryptocurrency you select to loan out and the amount of CRO you hold in your account. Rates may change, but you do have the option of locking in your rate (and therefore your crypto as well) for either a one-month or three-month term. You can also opt not to commit to a term and withdraw your crypto at any time. Keep in mind that while these interest rates do trump all high-yield savings account rates out there, they’re riskier as they aren’t insured by the Federal Deposit Insurance Corporation (FDIC). Also, you receive simple interest, meaning your earnings won’t compound over time.

Like many other crypto exchange platforms, Crypto.com uses a maker-taker fee structure. This means you pay a different fee depending on whether your order creates liquidity because there is no matching order (i.e., you are a maker) or your order reduces liquidity because it matches with an order already on the books (i.e., you are a taker). In general, you can expect to pay a higher fee as a taker, although Crypto.com reduces your fees based upon your trading volume and whether or not you are staking CRO tokens. The more you trade over a 30-day period and the more CRO tokens you stake, the higher your discount. With CRO staking, you can reduce your fees even more by receiving a rebate of a percentage of your fee in CRO. For instance, if you qualify for a 10% discount on a maker and taker fee with a 30-day trading volume of less than $25,000, you can expect to effectively pay 0.36% rather than the listed 0.4%.

Crypto.com supports over 90 Cryptocurrencies in the U.S:
  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)

How to Setup Crypto.com

Tutorial

What is FTX Exchange?

What is FTX Exchange?

FTX crypto exchange

1. FTX exchange is easy to use

2. MAS regulated

3. Low trading fee

4. Support Binance coin, Bnb, act as alternative exchange for Binance.com  for Singaporean users

5. Also quite a variety of crypto coins available to trade

What Is FTX?

FTX is a cryptocurrency derivatives exchange that has been built by traders and designed to offer a powerful platform for professional trading firms, intermediate traders and beginners. Users on the platform have access to innovative cutting-edge trading markets such as derivatives, options, volatility products and leveraged tokens.

Brass Scale

FTX exchange is owned by the Sam Bankman-Fried, the CEO and co-founder of Alameda Research which is a top cryptocurrency liquidity provider that gives FTX to access industry-leading order books. Alameda manages over $100 million of digital assets and trades $600 million to $1.5 billion per day across thousands of products such as derivatives through FTX exchange.

FTX offers a beginner-friendly and easy to use trading platform with innovative products to buy or sell. The crypto exchange primarily focusses on providing a stable and secure derivatives market for cryptocurrency trading, in addition to the following pros and cons:

 

FTX.US for cryptocurrency traders that reside in the United States. Professional user-interface for trading on desktop or mobile app Start trading without KYC and withdraw up to $2,000USD daily Low fees and tight spreads due to deep order books and liquidity Up to 101x leverage on cryptocurrency trading pairs Leveraged tokens to SHORT or LONG with up to 3X leverage with no margin Stablecoin Settlement using a single margin wallet. MOVE Contract that settles to the absolute change in price of a coin over time. VIP trading fee discounts with larger volume amounts and using the FTT token.

24/7 quotes for cryptocurrencies using OTC desk. Comprehensive guides, FAQ section and responsive customer support team.

FTX.com is a cryptocurrency trading exchange that is incorporated in Antigua and Barbuda with its headquarters in Hong Kong. The trading platform is currently not regulated and US customers are not allowed to use the services. Residents in the States can use FTX.US, a partner entity serving the United States citizens and is a regulated company. For more legal information, users can read here: Legal – FTX Exchange.

FTX uses several bank-like security features to ensure the safety of user’s personal information and security of funds stored on the crypto exchange. To date, there have been no reported hacks or security incidents which can be attributed to a high standard of security such as cold wallet storage and two factor authentication to provide a safe and secure trading environment.

To create an account with FTX, users will need to go through a registration process to setup a derivatives trading login. Users can start trading on the crypto exchange and withdraw up to $2,000 USD per day with email verification only. Tier 2 and 3 account holders that complete KYC can withdraw unlimited amounts of cryptocurrency to a hardware wallet such as the Ledger X, or cash out fiat directly to a bank account using a wire transfer. FTX account holders that complete the AML/KYC process can use the OTC desk as well.

FTX allows a wide range of deposit methods for traders on the platform to fund an account. These include cryptocurrency, stable coins or fiat currency. There is the option to use a credit card to purchase crypto directly through the FTX platform the fiat/crypto market leader, Simplex. The company has pioneered the fiat onramps using a traditional bank card (e.g. VISA and Mastercard). Alternatively, traders can transfer stable coins to the platform such as USD, USDC, TUSD, PAX, BUSD and HUSD. FTX will credit the user’s wallet using a 1:1 ratio. 

FTX has been designed for beginners and professional cryptocurrency traders on the platform by offering a simple, easy to navigate and intuitive user interface. The default arrangement has a side navigation bar for quick access to FTX derivatives trading products, positions, wallet to view FTX account funds, pending orders and to view trade history.  The centre of the user interface features the trading chart which are integrated with TradingView and well-known for its advanced trading features, indicators and drawing tools and chart pattern overlays. Users can right-click the chart to place limit and stop orders at a selected price level. Below the charting window, users can view the order book to examine the volume against the bid and ask prices. To enter a position with FTX, the order window is located in the middle. It is simple in appearance and can populate entry prices by clicking on the order book. Trade volume can be adjusted using the slider which will automatically calculate and display the liquidation price.  FTX allows traders to manage their positions by offering several order methods to enter a position and exit the trade. Compared to other leveraged trading platforms, the selection of order types on FTX is excellent and will suit a variety of traders. The available orders include: • Limit order • Market Order • Stop Market • Stop limit • Trailing stop • Take profit • Take profit limit Overall, the FTX user interface is robust and suited to various types of traders and skill level. The charting window is responsive and includes advanced charting tools and software to trade crypto products on FTX.

FTX offers a number of cryptocurrency derivatives products that can be traded on the exchange using a single margin wallet. The trading products offered include:

 

Futures – users on the platform can trade futures on coins such as BTC, ETH, EOS, XRP, and USDT. Each coin has three futures contracts: a contract that expire this quarter, a contract that expires next quarter and a perpetual future. Leveraged Tokens – tokens that can be bought and sold with up to 3X leverage that requires no margin requirements.

 

Options – contracts that gives the holder the right but not the obligation to buy or sell at a future strike prices. Often referred to as ‘calls’ and ‘puts’. Advanced traders can use options to hedge their open positions against price volatility.

 

MOVE – contracts that represent the absolute value of the amount the price of a coin moves over a time period. 

 

Spot – trades that follow the underlining price of the asset without margin or collateral

FTX has over 100 futures pairs that can be traded using a stable coin such as USD or USDT as collateral. This means that profits and losses are based on USD prices without needing a bank account. There is also the option to use the same fiat currency as collateral for all of the contracts. The popular FTX Futures pairs by daily trading volume include: BTC-PERP – Bitcoin Perpetual Futures ETH-PERP – Ethereum Perpetual Futures XRP-PERP – XRP Perpetual Futures LTC-PERP – Litecoin Perpetual Futures BCH-PERP – Bitcoin Cash Perpetual Futures Users can trade the futures pairs with margin up to 101x to long or short Bitcoin and other coins by taking advantage of comparatively small price movements. It also provides flexibility of a portfolio for greater exposure and make the capital go further than the user would be able to fund on their own. Each position on the futures exchange is backed by the FTX Insurance Fund which activates when an account is at risk of liquidation and to mitigate the risk of claw backs. 

FTX has developed an innovative asset for cryptocurrency traders, called Leveraged Tokens. These are ERC20 tokens that have leveraged exposure up to 3x applied to the trading pair. There is no margin requirement from the user’s FTX account balance to start trading leveraged coins. There are even EFTs that have leveraged exposure to numerous existing and popular cryptocurrency assets.

 

A few examples of FTX leveraged tokens include: • BULL/USD – 3x long Bitcoin token • BEAR/USD – 3x short Bitcoin token • ETHBULL/USD – 3x long Ethereum token • ETHBEAR/USD – 3x short Ethereum token Using FTX leveraged tokens can help a trader with risk management. The derivatives exchange automatically reinvests any trade profits back into the underlying asset being traded. This means if your leveraged token position is sitting on a profit, the tokens will automatically put on 3x leveraged positions to it. On the flip side, leveraged tokens will automatically reduce risk if the position is negative.  As an example, if the user traded a 3x long ETH position and the ETH price fell over 33%, the position would be liquidated. However, a position on the ETHBULL asset would have automatically sold a portion of the position as the price of ETH started to fall. This would have mitigated the liquidation risk even after a 33% down drop in price. To start trading leveraged tokens on FTX, click on ‘Token’ at the top menu on the to find the asset list. The tokens are constructed in a way that enables traders to get leveraged exposure to a particular crypto asset (on both the long and short side), without risking liquidation.

How To Set Up FTX Pro

Tutorial

Introduction To CoinHako

Introduction To CoinHako

Coinhako is MAS regulated and the main functions is for funding purpose and cashing out, from crypto to fiat or fiat to crypto and you can use it for funding to buy crypto, and transport your crypto to other exchange like, FTX or Crypto.com etc. Coinhako is an all-in-one cryptocurrency service as a wallet and exchange. It aims to offer more convenience, better prices and stronger security than other services. In addition to competitive prices and low fees, the Coinhako wallet is also a highly secure and convenient way of storing your cryptocurrencies. 

This is because funds in a Coinhako wallet are professionally secured and held offline in cold storage, although you can still access them Fast, Strong customer service lets you verify your account in one day so you can start buying and selling quickly. If you’re a new bitcoin buyer, you can ask Coinhako customer service to guide you through your first transaction. It is also convenient. You can link an Xfers wallet to your Coinhako wallet so you can quickly and cost-effectively transfer SGD. For other supported currencies, you can simply make inter-bank transfers or international telegraphic transfers.

 Competitive prices. Coinhako sells cryptocurrency at low market prices, with only a 0.9% commission fee. 

Secure. Coinhako offers secure two-factor authentication for all users, while 99% of the funds it holds are kept in cold storage. 

You also have the option of using your own wallet instead and simply using Coinhako to buy and sell cryptocurrencies rather than store them. Coinhako is also well known and highly experienced. Coinhako has processed more than SGD$350 million in transactions and is backed by prominent investors from Silicon Valley, Singapore and all around the world. The trusted professionals at Coinhako also consult with banks and other financial institutions on blockchain technology and digital security.

Supported fiat currencies: SGD, IDR, VND, USD Supported cryptocurrencies: Approximately 30 cryptocurrencies

Supported cryptocurrencies: Approximately 30 cryptocurrencies

Coinhako services can be used worldwide with telegraphic (SWIFT) international bank transfers, although these may incur high fees. For lower fees, you can use Coinhako with any of the following: A Singapore bank account via an Xfers wallet A Malaysian bank account With any other type of account, you will need to deposit funds through telegraphic transfer, which will incur higher fees.

Your options are as follows: Inter-bank transfers. You can use inter-bank transfers to make payments with a Singapore or Malaysian bank account. Xfers wallet transfers. You can make fast and low-cost transfers when you link your Xfers wallet to a Singapore bank account. Telegraphic transfers. You can use telegraphic transfers to make payments with a non-Singaporean or non-Malaysian bank account.

Purchasing cryptocurrency through an Xfers wallet requires a minimum transaction amount of S$50. Your Xfers wallet will also have its own daily spending limits for your account. There is no daily maximum transfer limit for your Coinhako Xfers wallet, but there is a S$10,000 limit per transfer. There is also a daily trading limit. This may vary from person to person, and you may be able to request a higher limit.

Before you can start trading, you will need to verify your account by providing identification. Verification can be done in one day. Your transfer times will vary depending on the method you choose. Interbank deposits. These will take one business day on weekdays and up to two business days on weekends. Interbank withdrawals. These can take up to three working days. Xfers wallet deposits. There occur almost immediately. Xfers wallet withdrawals. These can take up to four days for normal transfers and up to two days for express transfers. Telegraphic transfers. Transfer times may vary depending on the bank.

If your funds have taken longer than the specified transfer times to become available, you can contact Coinhako customer service and expect to receive a response within one business day.

You can submit a request for support on the Coinhako website or you can make general inquiries at hello@coinhako.com

A Coinhako wallet may be one of the most secure ways to hold cryptocurrency. This is because you get professional security for your wallet. 99% of funds are held in cold storage. Coinhako holds at least 99% of its customers’ cryptocurrency in a cold wallet at all times. This means it’s offline and much better protected from thieves or hackers. Even if someone does manage to electronically break into Coinhako’s systems, they will only be able to access a small fraction of users’ funds. Two-factor authentication is required. Coinhako ensures a high level of security for its users by requiring two-factor authentication. Experienced consultants protect the service. Some of Singapore’s top cybersecurity consultants work at Coinhako and use their experience to keep the service and its users secure.

Pros

Quick, simple and easy to use, Suitable for both beginners and professionals, A high level of customer service, Competitive rates and fees and a Highly secure wallet included

 

Cons

Requires an Xfers wallet linked to a Singaporean bank account or a Malaysian bank account to get full usage Bound by the restrictions, such as transfer limits, of an Xfers wallet in addition to any Coinhako restrictions.

How To Set Up CoinHako

Tutorial