Introduction to Off-Chain Trading
What You’ll Learn
- List of established and regulated cryptocurrency exchanges:
- Coinbase, Kraken, Bitstamp, Binance
- List of exchanges with spot and derivative markets:
- Bybit, OKX, KuCoin, Gate, HTX
- Example of buying an asset (Ethereum) on Binance using USDT
- Components of a trade:
- Price, quantity, slippage, transaction fees (maker vs. taker)
- Understanding the order book and bid-ask spread
- Executing a market buy order for Ethereum using USDT on Binance
- Executing a market sell order
- Differences between market orders and limit orders
- Market order explained
- Limit order explained with an example
- Dynamic Cost Averaging (DCA) in and out using limit orders
- Depositing assets on a centralized exchange
- Connecting bank account or using on-ramp solutions like Metamask
- Converting USD to USDT or USDC stablecoins for trading
- Binance’s customer-driven reserves and trading pairs
- Withdrawal process and risks of keeping funds on centralized exchanges
- Yield generating and staking mechanisms available on some exchanges
Content Chapters
00:00 Introduction to offchain trading on centralized cryptocurrency exchanges
00:23 List of established and regulated exchanges (Coinbase, Kraken, Bitstamp, Binance)
00:30 List of exchanges with spot and derivative markets (Bybit, OKX, KuCoin, Gate, HTX)
01:07 Example of buying an asset on Binance
01:55 Components of a trade: price, quantity, slippage, transaction fees (maker vs. taker)
02:46 Understanding the order book and bid-ask spread
03:37 Executing a market buy order for Ethereum using USDT on Binance
05:49 Executing a market sell order
06:49 Differences between market orders and limit orders
07:12 Market order explained
09:02 Limit order explained with an example
10:11 Dynamic Cost Averaging (DCA) in and out using limit orders
11:08 Depositing assets on a centralized exchange
11:59 Converting USD to USDT or USDC stablecoins for trading
12:37 Binance’s customer-driven reserves and trading pairs
13:12 Withdrawal process and risks of keeping funds on centralized exchanges
14:52 Yield generating and staking mechanisms on exchanges
