Bitcoin Trading Diary 20231218 - Decentralized DEX Futures Trading Exchange With VERTEX, You Can Become Shareholder Of The Exchange.

 Until now, the main trading exchange was Binance. 

Keep long-term investment coins in your personal wallet,

I put only the trading things on the exchange.

The FTX crisis broke out, and even before that, several exchanges

there were things that caused problems or were hacked

In that case, I know that there could be a situation where my coins could not be withdrawn from the exchange.

It's Binance, the world's largest exchange

It is now the target of the U.S. government and is being sued for civil criminal charges. 

As a result, we also have other opportunities for gift trading, such as Bitget and Huobi Global. 

I'm experiencing the interface, using it for a very small amount of money every now and then. 

I'm doing trading as a career, 

This is my job because there is no better product than coins in short-term trading. 

If the job disappears one morning, I lose my job. 

That's why you must prepare for Plan B. 

There were a lot of DEXs in the past, 

It's not for trading, but it's for making and depositing exchanges or POOLs 

It was a place with a more similar personality to the bank. 

However, recently, it operated in a similar way to other existing central exchanges using order books 

DEXs were created and started to be used. 

Volume grew fast, probably four years later (after a cycle)

The share of the Central Exchange CEX and the Decentralized Exchange DEX is expected to rise to almost 5:5. 

Basically, you have to absolutely trust an institution called an exchange,

The operation of the institution cannot be transparently disclosed.

It is to inform not only consumers but also competitors of the exchange about the internal situation

Rather, it may provide an excuse for an attack. 

There is a limit to the transparency of the central exchange by nature. 

But it doesn't involve human will in the decision-making process

It's only run by algorithms,

If the algorithm is a DEX verified through a third-party organization 

It may be a little more reliable. 

And most of all, if you're selling in kind, not futures, the coin's storage is 

It's not the central wallet of the exchange

Each one is in an investor's personal wallet

It is impossible for the exchange to access it at will. 

I heard that there's a post-central futures exchange that's currently operating

First of all, I tried it to figure out the interface. 

The name is [VERTEX]. 

I don't know if the search engine intentionally covers it, or if it's because the people who search it are insignificant

Even if you search on Google, it doesn't come out well and there are a lot of strange sites. 

If you search for VERTEX PREPREP DEX, it comes out well. 

There are a lot of phishing sites that buy not only this site but also coin-related sites

Search for the coin site you want to visit on X (former Twitter)

It is recommended that you check whether the site is officially certified by X and access it through the link in the description box. 

This way, you'll be less concerned about entering fake scam sites. 

I'd like to leave a link, but you shouldn't go in via an unverified link like me. 

I don't leave a link because I'm afraid I'll make such a bad habit. 

Contact is possible with a wet wallet such as a meta mask or a physical cold wallet. 

Vertex operates on top of the Avitrum chain, so make sure to set up the Avitrum in your wallet.

Buy usdc from another exchange and transfer it to Avitrum Chain's private wallet. 

(For those who don't know the basic settings, there are a lot of videos on YouTube, so look it up. 

There is a limit to explaining in writing.)

There is a minimum investment amount, so I come and go, but since I have to pay a fee, 

Buy $20 for usdc and $10 for Ethereum to be used for gas in Avitrum and send it to your personal wallet. 

Every act of a personal wallet requires an intermediate gas bill. 

Avitrum costs less gas than just the Ethereum chain, so if it's about $10 

Basic things are left after trying. 

Swap the usdc that will do the transaction with the wrapped usdce and put it in the exchange department. 

Then it will be transferred from my personal wallet to the exchange. 

Spot transactions come and go to my personal wallet and I feel like coins are left in my wallet. 

In the case of gifts, coins don't exist, but they're created virtually on the exchange 

Since it is a coin-linked product, it seems to be a method of putting a deposition on the exchange and trading with it. 

Rather, isn't every purchase and sale going to cost gas? I was worried

I think it's good because it's not that way. 

I couldn't find the exact fee on the site

If you look at other blogs

The transaction fee seems to be about 0.02 to 0.04 for maker and 0 for maker. 

If it's the same as the cheapest place among CEXs at this point and the maker is zero

It can be said to be cheaper. 

The maximum batting magnification can be up to 20 times. 

I don't use more than 5 to 10 times anyway, so it doesn't matter. 

I've tested the deal and I admit it's a little slow. 

Like the Central Exchange, it is not signed as soon as you press the button. 

I don't think I'll be able to use an ultra-short skeelper. Although it might be further developed later on. 

It's enough speed for those who do swing trading. 

CEX is still overwhelmingly high in terms of interfaces and functions provided. 

And there are far more types of futures trading coins offered. 

However, DEX has its own advantages in terms of reliability, so this market is likely to grow quite a bit. 

The biggest advantage is that if you make a deal, whether you lose money or get it 

It means giving a little bit of vertex coin. 

This Coin Is Similar To This DEX Exchange's Stock. 

If you buy these coins and stake them on the exchange

The commission income earned by operating the exchange can be distributed in the % range. 

And when you make a big decision later, you may be given the right to vote based on the equity ratio

(Other DEXs also have many of these functions)

I can be a user, a member of the ecosystem, and an owner at the same time.