Newcomer Special | Starting DEX Trading from Scratch

CN
17 hours ago

To navigate the blockchain, you first need to prepare two things:

A secure digital vault, which is your wallet, and the basic funds required to get started. Here, I highly recommend the OKX wallet; it acts like your 24-hour private bank, allowing you to manage your assets anytime, whether you're in a café in Tokyo or a research station in Antarctica. You can download it by clicking the link below, and remember to choose the version that corresponds to your phone's operating system — Download link: https://static.rmgvx.com/upgradeapp/okx-android_aicoin20.apk

After downloading, open the OKX wallet, click on "Exchange" at the top, and select "Web3" from the pop-up options. This step will take you to your exclusive on-chain operation interface, but you're not fully prepared yet; you still need to create your own wallet, which is your "digital ID" in the Web3 world. The process is quite simple: after opening the wallet interface, click the "…" icon in the upper left corner, find "Wallet Management" in the expanded menu, and then select "Create Wallet." In just a few steps, you can have an on-chain wallet.

The address corresponding to this wallet is crucial; you can use it to transfer on-chain assets to any corner of the world, receive funds from elsewhere, and even conduct DEX transactions directly. However, an important reminder: make sure to back it up after creation! Considering that everyone is a beginner, I suggest choosing cloud backup first, and once you're familiar, you can consider a combination of cloud and manual backups for added security.

Once your wallet is created, there's a money-saving tip I must share — AiCoin has specifically secured exclusive benefits for newcomers. By binding an invitation code, you can save 20% on transaction fees every time you trade. This discount is valid for a long time, and saving a little can add up to significant amounts. The binding method is also very simple: click the "…" icon in the upper left corner, find "Invitation Program" in the expanded menu, and enter the exclusive invitation code AICOIN88.

At this point, I believe all newcomers have equipped themselves with the "gear" to enter the DEX world: you have the OKX wallet as your "key," your own wallet address, and an invitation code to save on fees. Next, let's talk about how to prepare funds, starting with small-scale attempts to gradually master on-chain trading.

Preparing funds is a crucial step. I recommend clicking the "Receive" option in your wallet and prioritizing the deposit of USDT and SOL.

As a beginner, you should choose investments with "low thresholds and room for trial and error." MEME coins generally have low prices, making them suitable for initial attempts. Therefore, you can start by depositing 100 USDT and then 10-20 USDT of SOL. This scale allows you to experience the trading process while controlling risks. Here’s a brief explanation of the roles of these two coins: USDT acts like the base pricing currency on DEX, making it convenient for buying and selling other coins;

While SOL is the "transaction fee fuel" for each trade, you don't need to prepare too much; a few USDT to ten USDT is enough for daily operations, as each transaction consumes only a small amount of SOL. Additionally, using OKX has an advantage: you can directly exchange fiat currency for USDT through C2C in the app, then buy a little SOL with USDT, and transfer them all to your on-chain wallet without switching to other apps. Once you earn USDT through trading later, you can sell it back to fiat currency through OKX's C2C, creating a perfect closed loop that is particularly friendly for beginners.

Once your funds are ready, the most pressing question is "how to buy and sell coins." I will explain this part in detail, as it is the core step for beginners. First, there are considerations when selecting trading targets. As a beginner, I recommend prioritizing the following types: coins that KOLs frequently mention and have clear benefits, coins with high liquidity and relatively stable market capitalization. If you're unsure how to choose, you can also follow the articles published by the AICOIN Research Institute, which contain many similar analyses and tutorials.

Additionally, since you are depositing SOL chain assets, I suggest starting with MEME coins on the SOL chain. There are many options in this category that allow for "small investments to seize opportunities," and they match your asset chain, reducing the risk of cross-chain issues. One more point to clarify: the reason I suggested preparing 10-20 USDT of SOL is to cover the gas fees during transactions. You can think of it as the transaction fee for daily transfers, which is a concept often mentioned in news or updates.

As a beginner, you don't need to pursue "maximum profit and minimum cost." Our goal is to earn moderate returns in the MEME wave, with the core focus on not being left behind by the DEX wave.

Looking back, we may have missed the stock market boom of the 80s and 90s, the real estate opportunities of the 2000s, and the Bitcoin surge of the 2010s, as well as the DEFI wave of 2020… But this time, with the DEX trading wave, both OKX and Binance are working hard to build infrastructure, making it a great time for beginners to enter the market. Keeping up with the trend and securing your share of the dividends is enough.

Next, let's discuss the specific trading process. Although general trading involves several steps, the operation is quite simple. And once you have your funds ready, if you forget the steps, it's okay; the content in our live stream will be retained for a long time, and you can catch up later.

There are two ways to find trading targets. The first is to filter for the SOLANA chain in the market page and find the coin you want to buy. It's important to note that since you deposited USDT and SOL on the SOL chain, you can only buy MEME coins on the SOL chain. Be careful not to deposit on the wrong chain, which would render your assets unusable.

The second method is more direct; you can directly search for the DEX MEME coin you want to buy in the exchange, and once you find it, you can enter the trading interface.

When executing a trade, I recommend setting a limit order to avoid "slippage" losses when the price of MEME coins fluctuates too much. After all, the prices of these coins change quickly, and a limit order can help you control the buying or selling price.

After a successful trade, you will receive a corresponding order success prompt, whether buying or selling; the operation process is quite similar. Once you have made a purchase, finding your assets is also very convenient. The OKX wallet has a complete query process, and I have summarized it for you. You can see all the coins you hold in the asset page of the wallet, and you can also check the records of each transaction, so you don't have to worry about not being able to find your assets.

Join our community to discuss and grow stronger together!

Official Telegram community: https://t.me/aicoincn
AiCoin Chinese Twitter: https://x.com/AiCoinzh

OKX benefits group: https://aicoin.com/link/chat?cid=l61eM4owQ
Binance benefits group: https://aicoin.com/link/chat?cid=ynr7d1P6Z

This article only represents the author's personal views and does not reflect the position or views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.

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