Step 1: Login to FTX -> Wallet -> Portfolio -> Balance -> Under USD, choose Deposit -> Deposit via Wire -> Enter the amount which you wish to transfer (e.g. $10 USD) -> click Submit (this amount should be same as step 5 below) -> Click See Instruction, a page will pop up to give you the receiving bank instructions for Step 2 to 4 below.
Step 2: Login to your DBS Internet banking -> Transfer -> More Transfer Service-> Scroll down under Overseas Transfer, Select DBS Remit and Overseas Transfer
Step 3: Click New Recipient -> Set the Recipients Details as below (After you add finish, you should see the FTX Digital Markets Ltd).
Step 4: To initiate the transfer -> Click “Transfer”
FTX only accepts USD, you have to use an account with a multicurrency feature such as DBS Multiplier account.
Step 5: Key in the amount which you want to send (need to be the same as step 1). Under the payment details in DBS, key in the account identifier which is found in FTX in step 1.
(Account Identifier from step 1. It should be a 8 digit number.)
TADA! Wait for the money to be credited! Usually it is fast if you send during Weekday night (which is the morning of US bank). If you send during weekend, you may have to wait few days until weekday. Remember, always use small amount to test the transfer first.
Look at the two charts below for ETH and SPX (symbolize the two major market, Cryto and US).
Black is Full Moon
White is New Moon.
Bars between full and new moons are colored accordingly, as growing or waning.
Once you see a full moon (local bottom) then it will slowly fade and around 15-16 days later, you will see the moon round again. In astrology this is new moon (local top).
Do note that Moon Phase Theory shows the local bottom whereas Eclipse sees major bottom.
Do you remember how creative and how imaginative you were when you were a child? As time passes by, most people lose their child’s mind. Through this NFT collection, you will relive your childhood.
This NFT collection features the marvelous mind of a child. These artworks showcase how the little mind think and grow as the child grow up.
Time flies very fast especially and most people missed their own childhood or their child growing up years. This is especially true for those who have no time due to busy at work or forgot about the more important aspect of life…
At a blink of an eye, you have finished school, start work, get married, have kids, aged, retired…suddenly you wondered if you can become young and relive your life again.
At a blink of an eye, your child was born, growing up from a cute adorable baby to a toddler in preschool, then suddenly become school going child, then graduate, get married… Your children are growing up fast. Before you know it, they will be leaving for college. Treasure and Careyourpresent or you will miss it.
Stablecoins definitely are the cornerstones of any Crypto investors.
(Image Credit: Anchor Protocol)
These are coins where you can take profits and wait for chances. Where do you farm stablecoins?
I prefer to keep it simple and like to get the Stablecoins itself as rewards from the stablecoins that you have put in – meaning you put in stablecoin X and you will get X rather some some other reward coins of the protocol as the price may be very volatile. Even at high APR, you can also lose your precious capital.
With the point above, you can easily guess that it will be Anchor Protocol at 19.5% (currently the min rate is 15% after the recent new adjustment). Of course recently there are many questions on the reserve yields and the sustainability of the protocol. In my opinion after some calculations, around 6-8% should be sustainable (still higher than stock yields!).
For people who like you explore other options, you may wish to consider the followings:
Of course you can also park in CEX (centralised exchange), Celsius, Blockfolio etc.
Did you realise that I put the twitter site instead of the link to the direct protocol? Do you know why? This is because investor should always read the protocol, twitter, telegram, discord, documentation etc before putting their hard earn money in it. Do your due dilligence!
Please also remember stablecoins are not totally risk free. Centralized stable coin like USDC / USDT are under the mercy of governments. These coins are backed by USD, hence can crash if USD crash.
Algorithmic stable coins like UST can de peg too if its underlying coin(s) crash.
This will be a very short post. There are people asking me what are the differences between Web 3.0 and 2.0.
Let me share a very simple definition of the difference between the both!
(1) Web 2.0 is the current version of the internet with which we are all familiar with, while Web 3.0 represents its next phase, which will be decentralized, open, and of greater utility – Crypto!
(2) Web 2.0 is controlled by your big companies such as Google whereas Web 3.0 is decentralized, built on the same concept of Blockchain technology, where the data is decentralized and runs on a token-based economy. This simply means, data is not controlled or saved in a central server but by various inter-connected servers unlike Web 2.0.
In short, decentralized, higher utility for all normal users would be the future – CRYPTO!
There are literally thousands of Cryptocurrencies in this world, more are being minted every single day, or even hours etc. This very confusing for people who have just started in Cryptocurrency, let me introduce a good site for you to start with: https://www.coingecko.com/
Most of the coins are listed in this site (with exception of the new coins that are recently created, it may take sometime to be tracked by them). In this site, you can do various things
Find the type of coins that you are interested to learn via filter/category.
Find out the various metric of the coins, example, Market Cap, Website, Explorers, Community, chart etc.
Learn where to buy and sell specific coins.
Find out which blockchains that coins is/are in/using.
Create an account and add your favorite coins.Set price alert.
1. Find the type of coins that you are interested to learn via filter/category.
For example, you wish to learn about Stablecoins. Click “All Categories”, then search for “Stable”. After which, click “Stablecoins”. You will be able to see all the Stablecoins that are listed.
2. Find out the various metric of the coins, example, Market Cap, Website, Explorers, Community, chart etc.
For example you want to learn about Bitcoin. Just click “Bitcoin” in the main page. You will be able to see everything that you wish to know.
3. Learn where to buy and sell specific coins.
This is slightly trickier. First find the coin you want to trade -> click the coin and you will be direct to the page that show more information about the coin -> scroll all the way to the bottom and you should see something like the picture below. Under the “Pair” column, these are the common pairs which you can trade and at which place to trade -> click the pair that you wish to find out more, example “BTC/USDT” at Binance, you will be directed to the respective sites to trade.
4. Find out which blockchains that coins is/are in/using.
For example, you may have heard of Luna and want to find out which blockchain this ocin is using.
First find the coin you want to trade -> click the coin (example luna) and you will be direct to the page that show more information about the coin -> scroll all the way to the right and you should see something like the picture below. Under the “Explorer” column, it will show you “Terra”. Hence, Luna is in Terra blockchain.
(For those who are slightly more advance, you can click and go to Terra explorer, input your wallet address and you can see all your transactions. Everything in blockchains are recorded!)
5. Create an account and add your favorite coins.Set price alert.
This is the most straightforward. Click the “Signup” at top right of the page and create account. You can also download the app and set your price alerts for your favorite coins!
