In this video, I’ll give you a step by step guide on how to use FTX, ie how to sign up, fund your account and buy your favorite cryptos. Then I’ll show you how to sell the cryptos and withdraw the money.
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0:00 – Intro
0:34 – How to signup
It’s best to signup with a referral link, because you will get 5% discount on your trades.
1:00 – How to fund FTX
There are 4 ways to fund. Credit card is the easiest but credit card companies will usually charge a fee and they have bad exchange rates, so out. FTX supports SGD and USD deposit, however the remitting bank will charge a fee, so out too.
We can only use crypto transfer, where we buy crypto from another exchange, then transfer into FTX to convert. You can use any exchange you like, but I prefer Gemini, because Gemini doesn’t charge any transfer fee if below 10 transfers.
2:54 – How to buy cryptos
If you want to understand what’s IOC and POST, check this out
4:23 – How to withdraw from FTX
FTX only has transfer fees for ETH, ERC-20 tokens or small BTC withdrawals.
5:57 – How to sell cryptos
6:23 – Tips & tricks
After you bought the cryptos, don’t just leave it sitting in FTX. If you are worried it will get stolen, transfer it to a hardware wallet like Ledger. If you want to earn interest, you can put them in platforms like Hodlnaut or Celsius.
*Some of the links and other products that appear on this video are from companies which Kelvin Learns Investing will earn an affiliate commission or referral bonus.*