What's up enter fam welcome back to the Show I'm your host miles and today I am Going to be talking about one of the Best decentralized exchanges in crypto Apex Pro and giving you guys a tutorial On exactly how to use the exchange how To open trades how to stake the Apex Token and talk about the Apex token and The ecosystem that they are building Over at Apex super excited to get into This exchange because I think it's Really cool and has some really awesome Features so let's get straight into it Just before we get into the show I want To remind you that Apex is an official Sponsor of the show so thank you Apex For sponsoring the show and the reason We've partnered with them is because we Believe they are offering one of the Best decentralized exchange experiences In crypto in 2023 and they're only Getting better with time since their First launch we've seen them come out With multiple upgrades which have Continuously made the platform better And better and better and we expect that Trajectory to continue going forward so What is Apex Pro Apex Pro is a Permissionless non-custodial and non-kyc Derivative Stacks that operates on an Order book model the platform is secure Transparent and very easy to use Compared to some of its competitors Apex Is by bit Affiliated as they were
Incubated by Davion labs and backed by Names such as Marana Ventures dragonfly Capital M77 tiger Global and many more Apex is quite unique as it's built on Layer 2 utilizing ZK roll up so it's Built using Stark X's cryptographic Proofs and validium to secure and Validate transaction batches via Utilizing star kicks the platform could Be very fast and efficient seeing very Fast transaction speeds it can process 10 trades per second and 1000 order Placements and cancellations per second And I think the speed and usability of The exchanges really what sets it apart From other exchanges and makes it such a Good experience to use so before we get Into exactly how to trade on Apex Pro I Want to run over some of the advantages Of trading on a DEX versus trading on a Centralized exchange as you guys know Dexas are non-kyc meaning you don't need To fill out those forms and give up your Identity to a centralized entity the Other thing is dex's like Apex are Non-custodial that means you get to keep Control of your own assets on your Metamask wallet instead of having it With a centralized exchange and we've Seen over the past few months just what Can happen when a centralized exchange Has control of your funds dexas can Typically offer lower fees than Centralized exchanges as well due to
Their structure so apex's fees sit Around 0.02 for the maker fee and a 0.05 Take a fee which is very competitive uh Compared to other exchanges in the Market and there are also no funding Fees or network fees like you'd get with A lot of centralized exchanges but the Overarching reason why trading on a Decks in my opinion is good and one of The reasons why I like to trade on Decentralized exchanges as well as a Little bit in centralized exchanges for Diversification is because on adex at The end of the day it's your keys Meaning it's your coins and you control What you do with your funds and when and You secure your own assets uh preferably In like a trace or a ledger so you can Keep your assets safe and you're not Running the risk of any centralized Party coming funds are you using funds For uses that you didn't actually Specify so let's run through how to Actually trade on Apex Pro and of course To get started with Apex the first thing You are going to need to do is to Actually fund your account now funding Your account is pretty easy because They're compatible with many of the Major wallets in crypto for example Metamask so what you need to do is Connect your metamask wallet in the top Right of the screen you've got a choice Between using the ethereum network BSC
Polygon or arbitrum so for those that Want to avoid the really high feeds and Fees and slow wait times on ethereum you Can go for the option of binance chain Or arbitrim which I think are very fast And all you need to do after you connect Your wallet is signed to Signature Requests so you'll see a little prompt That says approve connection you want to Approve that connection add your email Address if you want to receive Information relevant to the market if You don't you can simply just trade Using your wallet and you don't need to Fill out any forms or anything and then All you need to do is deposit from your Wallet to Apex Pro so in order to Deposit you will need usdc so for Example if you're on the Arbor Network All you need to do is go to your binance Or your buy bit where you may have some Usdc and then simply withdraw that from Your binance or buy bit or a centralized Exchange across to your metamask wallet If you already have funds in your Metamask wallet you'll simply just need To have the usdc in the wallet that You're trading with on the network that You're trading with and of course you Can Bridge across to any one of these Networks using a bridge for example the Synapse Bridge once you have usdc in Your wallet you'll just need a little Bit of gas in order to approve
Transactions it's very very small if You're using a layer 2 like arbitrum or Polygon or BSC it's a little bit higher If you're using ethereum where you'll Need to pay if gas fees note that the Arbitrim network uses ethgas fees as Well so you need a little bit of your Eth in your arbitrum wallet on polygon You'll need a little bit of Matic on Binance chain you'll you'll need a Little bit of BNB but the amount of fees That you pay on these networks are very Small now once you've got funds in your Wallet you are ready to trade and I want To run you guys through exactly how to Open a trade just note by the time You're watching this video prices will Likely be very different Um so this isn't supposed to be a live's Trading uh scenario this is simply a Tutorial on how to trade on the platform So you've got many trading pairs to Choose from they currently have seven Trading pairs but they're adding uh many Trading pairs every single month so for Example if you want to open a Bitcoin Trade I think this is probably the Easiest example let's say we want to Market long Bitcoin first you need to Add assets to The Exchange so you want To click deposit then you want to select The network that you're on I like to Trade on arbitrim then you want to Deposit usdc you can also deposit usdt
Or wrapped eth I want to deposit 200 Usdc so I enter 200 and then all I need To do is enable the transaction on my Metamask wallet so it will give me a Little prompt Um I simply click confirm it's really That quick it's that simple uh you just Press confirm deposit and then you'll Get a little prompt pay a tiny bit of Gas 11 cents hit confirm again and then Just like that you you have funds in Your wallet as you see it was really Fast to deposit funds because it's built On Star Kick so it's super fast using ZK Roll-Ups using L2 much much faster than Some other exchanges we click on market Then we want to adjust our leverage so Let's say I want to open a 10x leveraged Trade you hit confirm let's say I want To do a 50 position this will be the Total position so since I'm using 10x Leverage I'll enter 500 which will put Up 50 of my collateral then what I do is I click either by long or by short I Want to along the market right now for Example so I click buy slash long once I Click that it will automatically open my Trade here and in the bottom left you Can see positions so let's say I want to Add a take profit or a stop loss I click On ADD then I select at what point I Want to take profit let's say I want to Take profit at um 25 games and I want to Do this for all of my Bitcoin position
Then I want to enter a stop loss so I Simply click the percentage that I'm Willing to give up on my stop let's say I only want to set a 10 stop I click on 10 and then I click confirm and it will Automatically add my take profit and Stop loss if you click on details it'll Show you where your take profit is it'll Show you where your stop loss is and it Will show you the exact price in which You want to trigger your stop loss and Your take profit very important to add This as a risk management tool and it's Nice that Apex added this as a feature To allow us to take profit and a stop Loss so since I did a market order the Order is already long but I want to show You what it's like to open a limit order As well so you go over to limit let's Say I want to use another coin now Um from their list of seven coins let's Say I want to short uh xrp this is a Funny one because xrp is a controversial Coin some people love it some people Hate it I'm going to be shorting today But I want to short on a limit order and I only want to short using 5x leverage Because I want to use less leverage risk Less Capital so I enter the price that I Want to short at so let's say I want to Short xrp at this level at 0.42 I enter 0.42 and then I enter my order value I'm Willing to stake another 500 since it's On 5x leverage that means I am putting
Up 100 worth of capital so I want to Sell short so I click sell short here And in the active section it will show My current order so if we look here we Can see I have an xrp order at 42 cents And it's not yet filled so when xrp hits This price then of course the order will Fill and whenever you want to take money Out of the exchange all you need to do Is hit withdraw let's say I want to take All my remaining Capital off the Exchange and I want to withdraw my Remaining 48 dollars all I need to do is Press confirm withdrawal press here and Then it automatically withdraws uh back Into my wallet from the arbitrary Network so it's super easy to deposit Super easy to withdraw and quick to do So so that is how you open a trade on Apex you can do this with any of the Seven trading pairs long short adjust Your leverage adjust your take profit And adjust your stop loss and if you do Want to trade on apex there is a link in The description to trade using my Referral link and that gives you access To a program that they have called trade To earn which gives you an opportunity To actually earn money while while Trading so I want to get into that right Now so essentially Apex has two tokens It has an apex token which is the Governance or native token of the Exchange and then it has a banner token
Which is the reward token of the Exchange now the Apex token is used for Community involvement over governance And protocol parameters at the time of Recording it's sitting around the 30 Mark so it's currently available to Trade on the buy bit and the D5 protocol Uni swap so for some reason you think Apex is going to be a really big Exchange in the future one way to Speculate on that growth would be to buy The Apex token of course I'm not giving You Financial advice in this video you Have to do your own research but that Would be one way to get exposure to the Apex exchange there's 77 percent of the Total token Supply allocated for Participation rewards ecosystem building And liquidity bootstrapping and only 23 Allocated for the core team and early Investors tokenomics wise personally I Don't think this is a bad allocation at All they're giving a lot back to the Community as incentives to trade on the Exchange and then they have the banner Token which is apex's reward token so Remember when I said you could earn Money just by trading on the Apex Exchange this is the token that you're Going to be receiving Um for trading and then you can also Stake that token to earn yield so let me Show you exactly how that works because I think one of the major reasons to
Trade on apex apart from its speed apart From its low fees apart from the fact That it is a DEX um is actually because You can earn money for trading which is A pretty good deal if you ask me um Because if you're going to be trading Anyway then it's good to do it on an Exchange where you can actually earn Yield so if you head over to the T to e Section here which stands for trade to Earn switch over to the ethereum network You're going to see exactly how you can Earn money just by trading on this Portal here you're going to see a tab That allows you to claim Banner rewards If you haven't claimed them already and As you start trading you'll start Accumulating these rewards the more you Trade in in terms of dollar amount the More rewards you will actually earn and It shows you down here what your Estimated rewards are based on your Current trading so this is how the trade To earn program works for 52 rewarding Weeks so basically for an entire year What they are going to do is give away Millions of dollars worth of banner Rewards to the people that trade once You earn benefit trading it's then very Easy to swap that Banner for usdc which Can then be used to stake in the pool to Earn yield during those 52 weeks so if You add banner and usdc together to Receive LP tokens you can earn more
Battle rewards so it's very simple once You've claimed your banner for trading There'll be a claim button here after Each Epoch this Epoch has four days to Go which is roughly each week they'll Give out rewards so in four days time I'll be able to actually claim my banner So once you've claimed your banner Rewards all you need to do is go down And click swap under manage pool then You can swap half of your banner rewards For usdc once you swap them so they're An even pairing of 50 50 you come over To manage liquidity then you can add an Equal weighting of banner and USD tokens Together click approve click confirm and Then you will have LP tokens of banner And usdc what this allows you to do is Stake these tokens to earn yield LP Tokens held during an Epoch will Contribute to a Trader's average LP Token Holdings one of the factors that Will eventually decide the total amount Of banner distributed at the end of each Epoch the more LP tokens held the more Traders can receive stacked total Rewards in Banner so if your goal is to Earn Banner rewards then it does make Sense to add liquidity so you can get More rewards that is if your goal is to Stack Banner if your goal is just to Simply cash out as soon as possible and Make a quick Buck on the trading side of Things then you can swap all of your
Banner for usdc and then you can use That money to do more trades so it's Totally up to you what you do with your Tokens I'm just giving you the option if You did want exposure to the platform to Earn yield um to actually stake those Tokens as an LP you've got a third Option of actually holding the tokens so If you hold on to your banner rewards Long term you can then use them to Redeem Apex governance toe tokens Pro Rata after the trade to earn event Period so after the event fully ends at The end of this year then what you can Do is essentially swap them into the Apex token at the end of the period and The longer you hold the better rate You're going to get on that Swap and Also the more better burn the higher the Redemption rate as over time Apex is Going to be actually burning Banner Tokens so that's what you can do with The rewards from the trade to earn Program my opinion is pretty cool that You can actually earn money for trading And they're giving out huge incentives 10 million dollars worth of incentives So you could certainly make quite a bit Of money here if you're a regular Trader And it's just a bonus that you can Actually earn money whilst trading and I Think it's a really good initiative from The Apex team but that is not the only Form of staking on the platform they
Also have staking for the Apex token so If you do have the Apex token you can Stake it in their staking pool which Just launched in order to earn yield Right now the pool is paying 41.56 so if You have Apex tokens you simply come in And click stake select the amount that You would like to stake and then click Approve and then click confirm to earned Yield on the Apex token itself then you Will get rewards in exchange now Remember the longer that you lock Apex 4 The more rewards that you're going to Earn but it really depends on how liquid You want to be Um in terms of your Apex Holdings if you Want to buy Apex it's quite simple There's literally a trigger to click Buy Apex then you can click on the Buy Apex Token button and you've got two options You can buy it on buy bit as it's by bit Listed of course Apex is by a bit Affiliated or you can click on uni Swap And purchase the token on uni swap with The trade to earn program they're giving Away 190 000 worth of tokens every Single week which is almost 10 million Dollars in Total Rewards that is a big Allocation towards the community that Decides to use the platform so that is My overview of Apex Pro you get all the Benefits from a decentralized exchange The non-custodial aspect the speed the Low fees the capacity to earn in their
Trade to earn program the capacity to Stake and also are pretty seamless and Easy to trading experience that you can Do straight from your metamask so if you Do want to trade on apex once again There's a link in the description to Sign up to Apex Pro all you need to do Is click that link deposit funds into Your account and you are ready to get Trading if you enjoyed this video smash The like button and subscribe if you're Not already subscribed and I will see You in the next one peace out
