Introduction to edgeX Background#
What is edgeX#
This tutorial will explore the recently launched edgeX—
- edgeX is the first MVP in the market, adopting an order book model, aimed at providing the experience and trading functions of a centralized exchange under the principle of user asset self-custody.
- edgeX focuses on building on-chain financial infrastructure for liquidity and trading, combining the capabilities and performance of CeFi with the security and transparency of DeFi, with the goal of establishing a complete on-chain financial system.
- The edgeX team members come from well-known exchanges such as Barclays, Morgan Stanley, Bybit, and HTX, and are currently developing multiple applications based on trading and liquidity.
Security of edgeX#
The edgeX account system is built on the Ethereum mainnet. To facilitate users, it supports low gas fee deposits on the Arbitrum chain and cross-chain transfers of user funds to the mainnet for free through its own liquidity pool. Therefore, regardless of which chain users deposit through, the final funds are stored on Ethereum to maximize the security of user funds.
The Next Hypeliquid?#
It can be said that edgeX occupies a favorable position; it is the only product that has not yet issued tokens and offers an experience comparable to the current leading DEX exchange, Hyperliquid.
After the launch of the annual hot project Hyperliquid in 2024, edgeX's product will gradually mature. Behind edgeX is the well-known market maker Amber Group, a team proficient in trading, user needs, and liquidity strategies, with product capabilities on par with Hyperliquid.
Fun Fact: Amber Group is a leading global provider of digital asset trading, asset management, and infrastructure. As a core participant in the market, Amber Group is also one of the largest liquidity providers and validators for mainstream exchanges and hundreds of crypto projects.
Following Hyperliquid, edgeX is expected to become the next dark horse. In recent months, many users have gained considerable profits through trading points on Hyperliquid. Currently, edgeX has a relatively small user base, making it an ideal time to enter. During the event, depositing $100 and trading will earn 5 points, which may be exchanged for tokens at a 1:1 ratio in the future, with the market generally predicting each token to be worth about $5.
Recent activities of edgeX: The edgeX Points Alpha season is ongoing, and users who missed Hyperliquid can pay attention to this opportunity to earn early points. The platform has launched iOS, Android apps, and a web version, with a smooth experience comparable to centralized exchanges, and users are encouraged to participate to earn point rewards that may be exchanged for actual profits in the future.
Here are the specific steps—
Detailed Tutorial for edgeX#
Step 1: Email Registration#
Visit the official website in your mobile browser. Note: You must use a mobile browser; the email input box may not display on a computer.
- Enter a commonly used email and click the “Confirm” button—> Enter the 6-digit verification code received via email to complete registration.
- Click the “Android APK” download link at the bottom to download the installation package and follow the prompts to install the app. iOS users need to download TestFlight first, then install the trial package.
- After installation, click “Connect” on the homepage and select “Email Login.”
Step 2: Complete the First Deposit#
After logging in, click the green “Deposit” button in the upper right corner to enter the deposit page. edgeX defaults to supporting low-fee deposits on the Arbitrum chain, and the platform automatically generates a unique wallet address, for example: 0x93c57911d2eE4B3cB9C12e31c3Be2f3eD71d52ba (your address will be different).
It is recommended that beginners deposit at least $100 to receive a 5-point reward. Points are valuable and can be exchanged for token airdrops at a 1:1 ratio in the future, so avoid wasting your new user status.
Method 1: Deposit from Wallet#
As a decentralized exchange, edgeX only supports on-chain deposits. If you have a cryptocurrency wallet such as Metamask, TokenPocket, Rabby, or Backpack, and have funds (like USDT) in the wallet, simply switch to the Arbitrum chain and transfer to the edgeX address.
Method 2: Deposit from CEX#
If you do not have the above wallets, you can deposit to edgeX from a centralized exchange (such as OKX or Bitget). Refer to the article https://heiyetouzi.xyz/zhifubao-btc/ Register --> Identity Verification --> Bind Bank Card or Alipay/WeChat --> Deposit RMB.
It is recommended for beginners to choose Method 2, as wallet operations involve cross-chain or bridging, which can be complex and costly. For example, withdrawing 101 USDT from OKX to the edgeX address 0x93c57911d2eE4B3cB9C12e31c3Be2f3eD71d52ba is simple and quick, taking about 10 minutes to arrive.
【Note】 When withdrawing, be sure to select the Arbitrum chain, and the address must be the edgeX address. The USDT amount must be greater than 100 USDT (about 700 RMB).
Step 3: Trade to Earn Points#
Once the deposit is credited, you can start trading. Set the leverage multiplier (up to 100x) and choose the direction (buy/long or sell/short). Be aware of the risks: while trading can earn points, it also involves fees and potential loss of principal, so avoid over-investing.
Step 4: Airdrop Points#
Click the “Points” tab at the top to view trading points. Points are updated every Wednesday (UTC timezone), showing total trading volume for the week, points earned, and rankings. Currently, there are relatively few users, so normal trading can yield considerable points (for example, 225 points, ranking 117), with fee losses of about $5, providing good value.
Common Questions about edgeX#
-
I am a beginner and I am not very familiar with contracts. Does edgeX have spot trading?
It is recommended that beginners first use small amounts of funds and low leverage for contract trading. If contracts are not suitable, you can wait for the spot function to be launched in February 2025. -
Can edgeX open both long and short positions?
You can create sub-accounts through your wallet to hold both long and short positions simultaneously. Switch accounts during operations for a good experience. -
Why can’t I deposit to edgeX even though my wallet clearly has USDT balance?
Check if your wallet holds a small amount of ETH on the Arbitrum chain for gas fees. If not, you need to perform a swap or bridge operation. If you are unfamiliar, it is recommended to deposit from a centralized exchange (refer to Step 2).
🔥 Solutions for Accessing OKX Exchange in China#
Many exchanges' original domain names may be blacklisted, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often leaves them feeling helpless, even questioning whether the exchange itself has issues. In fact, this is more about the network environment rather than a service interruption from the platform itself. To address this situation, exchanges like OKX and Binance typically update backup domain names regularly to ensure users can continue accessing the official website through alternative addresses.
-
- OKX backup domain Overseas OKX - Requires VPN or Alternative link
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi HTX backup domain Huobi (Huobi/HTX)
-
- Gate backup domain Gate.io (Gate)
🔥 Related Reading#
🔥 Practical Tools for Finding Gold Dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is Searching For#
Buying Bitcoin in China, trading exchanges, downloading and registering OKX, depositing into OKX in China, registering for Binance App, downloading Binance App, tutorial for buying coins on Binance platform, registering for Binance, Binance airdrop registration, downloading Binance on Apple, how to buy President Coin, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, downloading and registering Bitget in mainland China, registering for OKX passport, downloading OKX, downloading Binance, trading coins as a side job, OKX contracts, how to deposit RMB into OKX, how to recharge OKX, how to set up an NFT wallet, how to deposit RMB into Huobi, beginner's tutorial for the crypto world, btc8848.com, trading contracts Tony's mindset, contract leverage bit waves, DeFi mining, crypto world airdrops, can airdrops still be played in the crypto world, what to do if a contract is liquidated, how to buy President Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play DeFi staking and mining, can NFTs still be played, how to play web3 airdrops, how to play zero airdrops in the crypto world, how to strike inscriptions, how to strike runes, beginner's guide for crypto novices, how to trade coins, can trading coins make money, beginner's tutorial for the crypto world btc8848.com, can trading coins make money, what is contract leverage, DeFi mining, how to play airdrops in the crypto world, OKX airdrops, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz