Cryptocurrencies have taken the world by storm, and Bitcoin (BTC) remains at the forefront of the digital currency revolution.
Whether you're new to Bitcoin trading or an experienced trader looking to try out a decentralized exchange, this guide will provide you with all the information you need to enjoy the smoothest trading experience on Demex. We'll show you how to trade BTC on Demex and introduce the different trading options available on Demex, such as spot and perpetuals. So let's dive in!
If you're ready to buy cryptocurrency and start maximizing your $BTC trading potential on Demex, read on!
An Introduction to Demex
Primed to be an all-in-one DeFi Hub, Demex is an innovative decentralised exchange (DEX) on the Cosmos ecosystem that offers a range of features for crypto traders and enabling traders to trade cryptocurrencies in a secure and user-friendly manner.
With its emphasis on low fees, swift and efficient trading, and a diverse range of trading options, Demex caters to traders of all levels. Its commitment to innovation and the best possible trading experience makes it an exciting platform to watch out for in the ever-changing cryptocurrency industry.
Combining Demex Orderbook + Liquidity Pool/Automated Market Makers (CLOB+LP/AMM) + Money Market system, and eventually Options as well, Demex is primed to be the most advanced trading protocol in existence.
The platform has a number of key features that set it apart from other exchanges:
- A user-friendly interface that makes it easy to navigate through the site
- Central Limit Order Book: A centralized order book that allows for high-frequency trading with low latency.
- Cross-chain Interoperability: The ability to trade assets across different blockchain networks, enabling a wider range of trading options.
- Stablecoin auto-conversion: The ability to automatically convert between different stablecoins, reducing the need for manual conversions.
- Low Fees: Competitive fees for trading and transferring assets on the platform.
- Security: Strong security measures are in place to protect user assets and prevent hacks.
- Access a wider range of trading pairs: Support for multiple cryptocurrencies and fiat currencies
Demex offers a diverse range of financial services to cater to everyone's needs:
- For crypto traders: trade spot, futures, perpetual markets or borrow to short
- For yield farmers: lend assets or provide liquidity
The History of Bitcoin
Bitcoin is a decentralized, open-source cryptocurrency that was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. $BTC is designed to act as money and a form of payment outside the control of any central authority or one person, group, or entity, thus removing the need for third-party involvement in financial transactions using fiat currency.
As the first and most widely recognized cryptocurrency, bitcoin has shown significant growth since its inception, with a market capitalization of over $1 trillion as of late April 20231. In 2014, the price of one $BTC in USD on January 1 was $767.74. Over a ten-year period, $BTC has seen a 2,054% increase of $15,772.95, according to CoinGecko. However, the price of $BTC has been volatile over time, with highs of over $64,000 per coin in 2021.
The buzz surrounding the Shanghai upgrade has helped ETH outperform $BTC in April 2023, but $BTC’s price has been increasing lately. We highly recommend that as crypto traders trade on Demex, they constantly keep an eye on $BTC price trends to stay up-to-date on the latest developments in the crypto market, the world of cryptocurrency, and Demex.
Connecting Your Wallet to Demex
Getting started with Demex is a breeze, even for those who are new to decentralized exchanges. You can easily connect your wallet, whether it's your ledger, Metamask, Leap, Keplr, or an Encrypted Key, to Demex and begin trading BTC in no time!
To maximize your trading experience and minimize trading fees, we highly recommend connecting to Demex using Keplr, a free and user-friendly wallet, or MetaMask which offers low fees. With these options, you can easily connect to Demex and start trading without any hassle.
Depositing on Demex
Congratulations on successfully connecting your wallet to Demex! Now that you're set up, the next step is to deposit funds onto the platform so you can start trading Bitcoin on Demex. And don't worry, the process is straightforward.
First, it's important to note that Demex is powered by the Layer-2 protocol. This means that tokens from Layer-1 chains, such as Ethereum, Zilliqa, and Neo, must first be deposited from their native chains onto the Carbon network to begin trading. But don't worry, it's a simple process.
To deposit tokens on Demex, you'll need a small amount of SWTH for platform fees. You can obtain $SWTH from exchanges like Binance, BitMax, or KuCoin. Once you have SWTH, follow these easy steps to deposit tokens on Demex:
- Navigate to the "Wallet" tab on the Demex interface and select "Deposit".
- Choose the token you want to deposit from the list of available tokens.
- Enter the amount you wish to deposit and confirm the transaction on your wallet.
- Wait for the transaction to be confirmed on the blockchain.
- Verify your transaction on CarbonScan.
- It's important to note that different networks may have different deposit and withdrawal fees, so be sure to check the fees before depositing your tokens. Additionally, ensure that you have sufficient funds in your wallet to cover the network fees and the required SWTH for platform fees.
But that's not all. Demex supports a variety of networks, so make sure to find out more about the different networks Demex supports to ensure you can trade the tokens you're interested in.
Bridging Your Assets
Carbon allows trades to transfer their SWTH assets between supported chains on CarbonHub, which is a cross-chain dApp designed for any SWTH-related action.
This one-stop platform offers a more cohesive DeFi experience for trades, allowing them to send funds directly across the supported chains with only a single transaction required. CarbonHub expanded its list of supported chains to include Zilliqa, Neo Legacy, Neo N3, and Arbitrum, in addition to Ethereum and BNB Smart Chain.
This means that trades can now bridge SWTH tokens across more chains, making it easier for them to manage their assets across different platforms. CarbonHub offers a user-friendly interface that simplifies the process of cross-chain asset transfers, making it easier for trades to trade their cryptocurrencies without the need for intermediaries.
Overall, CarbonHub provides a seamless and efficient way for trades to manage their SWTH assets across multiple chains.
To find out more on how to bridge SWTH across chains on CarbonHub here.
Trade Spot and Perpetual Markets
With low trading fees, trading $BTC on Demex is an excellent way to enter the world of decentralized finance! Demex provides two types of markets for Bitcoin: spot markets, which allow buyers and sellers for immediate settlement of trades between different tokens. Secondly BTC perpetuals, which are derivatives contracts that enable traders to speculate on the future price of $BTC without owning it.
Once you've deposited your $BTC onto the trading platform itself, you can easily navigate to the trading interface and begin trading. Demex's intuitive interface makes it easy to search for markets using the search tab or browse markets using the quote tab.
Currently, Demex offers a variety of markets for Bitcoin trading, including BTC-PERP and WBTC/USD. But don't stop there! Demex supports a wide range of trading pairs of other cryptocurrencies and tokens, so be sure to explore and diversify your other crypto assets that are in your portfolio.
To learn more about the markets Demex offers and how to get started, check out the guide here.
Trade Other Cryptocurrencies on Demex
Bitcoin may be the most well-known cryptocurrency token, but there are many other digital assets and currencies that have emerged and gained popularity over the years. Here's a brief overview of some of the most prominent cryptocurrencies besides Bitcoin that are currently on Demex:
- SWTH Token ($SWTH) is the native cryptocurrency and governance token of Carbon. As the native governance token of Carbon, SWTH exists on different chains to open up the protocol to other blockchain ecosystems, enabling liquidity from external networks to flow into Carbon's ecosystem. Traders on Carbon can transfer their SWTH assets between supported chains on CarbonHub, which is a token-focused, one-stop, cross-chain dApp for any SWTH-related action.
While trades can already bridge SWTH tokens to and fro Carbon and EVM chains (i.e. Ethereum and BNB Smart Chain), the list of supported chains have been expanded to include, Neo N3, and Arbitrum, bringing a more cohesive DeFi experience for our community.
- Blur Token ($BLUR) is a native governance token of Blur.io, which is a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons.
- Ethereum ($ETH): Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). It uses its own programming language, called Solidity, and is known for its ability to execute complex computations on its blockchain.
- ATOM ($ATOM) is the native governance token of the Cosmos Ecosystem, a decentralized blockchain platform that aims to enable interoperability between different blockchains.
These cryptocurrencies differ from Bitcoin in various ways, such as their underlying technology, use cases, and transaction times. While Bitcoin remains the most well-known and widely used cryptocurrency, these other digital currencies have their own unique features and use cases that make them worth considering for investors and trades of decentralized platforms alike. To view our entire list of tokens and their token details, visit CarbonScan.
Begin Trading on Demex
As the world of cryptocurrency continues to evolve, Demex is at the forefront of this movement, offering a comprehensive suite of tools for trading, lending, borrowing, and providing liquidity on the most extensive decentralized platform ever.
By leveraging the power of the Carbon network, Demex enables fast and efficient trading while keeping fees low. With both spot markets and perpetuals, Demex offers a wide range of trading opportunities for crypto traders to take advantage of the latest developments in the world of decentralized finance. Whether you're a beginner or a seasoned pro, Demex has everything you need to confidently start trading. Get started today by connecting your wallet and trading with ease.
Definitely not financial advice but you should trade BTC on Demex!