Great—if you're interested in spot and futures trading using your blockchain wallet, here’s how you can get started and potentially build wealth:
---
1. Spot Trading
This means buying and selling crypto at current market prices.
How to Use a Wallet for Spot Trading:
Transfer crypto from your wallet (e.g., Trust Wallet or MetaMask) to a centralized exchange like Binance, OKX, or KuCoin.
Use USDT, BUSD, or any stablecoin to buy other coins (BTC, ETH, etc.).
Sell when the price rises to make a profit.
Withdraw profits back to your wallet for security.
Tip: Learn basic technical analysis (candlestick patterns, support/resistance, moving averages).
---
2. Futures Trading
This is more advanced—you trade contracts that predict whether a coin’s price will go up (long) or down (short).
Benefits:
You can make money whether the market goes up or down.
Use leverage (borrowed funds) to increase profits.
Risks:
High leverage can wipe your account fast.
Prices move fast; one mistake can lose your capital.
How to Use a Wallet for Futures Trading:
Send funds from your wallet to the futures account on Binance or another exchange.
Choose your pair (e.g., BTC/USDT).
Set leverage (start low, e.g., 3x).
Open a long or short position based on market analysis.
Use stop-loss and take-profit orders.
---
Tools to Learn and Improve
TradingView: for charts and indicators.
CoinGlass: track liquidation data and sentiment.
CryptoQuant: see on-chain data.
Investopedia or YouTube: learn futures and margin trading basics.
---
