A Beginner's Guide to Investing in Cryptocurrency Petty Bourgeoisie

A prophet is always alone. After entering the cryptocurrency field for more than a year, friends and relatives around me always view it from the perspective of fraud. However, with the bombing of NFT news a while ago and the assist of NBA star Curry , who had the same birthday as me, he finally succeeded in attracting Taizu's interest to push the pit.

In order to avoid her doubts, I chose to introduce you into the urn with my own experience and the method with the lowest entry threshold and least risk (?). So I have compiled this article to share with you.

PS. This article is not an investment suggestion, please do your own homework and risk control!

Entry-level ( Pionex - low-risk arbitrage ):

In addition to the unknown risks, the cumbersome KYC and account application process is also a major obstacle. So for my advice to newbies, I would recommend starting with the easiest ones to get into. People say that investing first is not to lose money, and then learn how to make money, so it is not recommended to play leveraged contracts or buy small coins at the beginning. Paiwang is the best way to operate (all in Chinese) in my opinion, the fee is low, you can apply for mobile phone authentication, and there are a variety of trading robots that can be used for free.

At present, Paiwang is still my main position configuration. Novices suggest to start with futures arbitrage, with an annualized rate of 20~30%. No matter how good or bad the market is, it is unlikely to lose money, which is much better than fixed deposit. Usually, I will choose a currency with a funding rate of about 0.1%. As long as I see that the funding rate does not plummet every day, I can make a cool arbitrage. After you are familiar with it, you can operate flexibly according to market conditions. When the market is good, you can open the term arbitrage, open the grid when the market fluctuates, and buy the spot when the market is slumping. These are operations with relatively low risks. Everything. Use this link to apply for Pai.com to get a 20% fee waiver

It is recommended to open the Taiwan Exchange MAX to facilitate deposits and save handling fees. Use this link to apply for MAX and get 20% rebate

Advanced ( FTXpro spot + stable currency lending ):

After configuring some assets with low risk, if you want to know more about the cryptocurrency market, you can apply for an exchange account. The reason why I put FTXpro in the advanced level is that I personally think that KYC is a bit troublesome and the interface is a little more complicated, but FTXpro exchange supports many currencies, low fees, and sufficient depth of exchange, so I still recommend it as the first choice of exchange FTXpro. Use this link to apply for FTXpro and enjoy a 5% discount on handling fees .

FTXpro itself provides a lending function. The stable currency with better interest rate (USDT) has an average annual rate of about 10~15%. In addition, if you hold other currency spot such as BTC, ETH, DOGE, etc., you can also transfer it from FTXpro to FTX (Formerly known as blockfolio, yes, the two have different APPs) Free of charge, and automatically get 8% annual interest rate (within 100,000 US dollars) in FTX (blockfolio).

I will put a part of the stable currency USDT on FTXpro, and usually get 10~15% annual interest rate through lending. If there is a suitable entry point, I will stop lending, buy mainstream currency spot, and put it on FTX (blockfolio) after buying. Receive 8% annual interest again, providing flexible and relatively low-risk operations. Use this link to apply for FTX (blockfolio) to get 8% annual interest

In addition, if you purchase FTX's platform currency FTT and pledge 25 tokens, you can also enjoy FTXpro pending orders free of charge, and you can eat more with one fish.

summary

Since this is an introductory guide, I will first introduce two methods that I personally think are the least risky. The conclusion is as follows:

• Taiwan Exchange MAX: Deposit in Taiwan Dollars with low fees. Use this link to apply for MAX and get 20% rebate
• Paiwang: Futures and cash arbitrage, with a steady profit of 20~30% per annum. Use this link to apply for Pai.com to get a 20% fee waiver
• FTXpro + FTX(blockfolio): Buy mainstream currencies, long-term investment + stable annual interest rate of 8%. Use this link to apply for FTXpro to enjoy a 5% discount on handling fees , and use this link to apply for FTX (blockfolio) to get 8% annual interest

However, the cryptocurrency field is full of opportunities as well as risks and pitfalls. This article is not investment advice. Please do your own homework and risk control!