What is ApeX Exchange? How to Use It?

ApeX Exchange (Apex Omni) is a decentralized cryptocurrency exchange (DEX). Here, you can trade futures on assets like Bitcoin and Ethereum, and perform spot swaps across different chains. The platform is supported by Bybit, allowing users to keep their assets in their own wallets. It requires no KYC, offers low trading fees, and supports high-leverage trading. 

Key Features of ApeX Exchange 

• Decentralized (DEX): Your funds remain under your control (self-custody). The exchange does not hold your money.
• Permissionless & No KYC: No identity verification required. Simply connect a crypto wallet to start trading instantly.
• Low Fees: Runs on Layer-2 solutions like Arbitrum, making transaction costs very low or zero.
• High Leverage: Trade perpetual futures with leverage up to 100x.
• Vaults: Copy trading strategies from experienced traders to generate passive income.

Step-by-Step ApeX Exchange User Guide 

1. Access and Connect Wallet

Click here to open ApeX Exchange with discounts. On the homepage, select “Connect Wallet” at the top right. Choose from MetaMask, Trust Wallet, Rainbow, or other supported wallets. Approve the signature request to confirm wallet ownership. No funds are transferred at this step. Once connected, you can trade without KYC. 

Open a discounted ApeX account here to enjoy special benefits. 

2. Deposit Funds

The primary trading currency is usually USDT. Click Deposit from the top bar. Choose your cryptocurrency and correct network (Ethereum, BNB, Polygon, etc.). Transfer funds into your Perpetual Account or Trading Account to start trading. 

3. Start Trading

Go to the Trade section and select your pair (e.g., BTC/USDT). 

Order Types: 

• Limit: Executes at your chosen price. 
• Market: Executes immediately at market price. 
• Leverage: Choose 20x, 50x, or up to 100x leverage (remember, leverage increases risk). 

Position: 

• Click Buy/Long if you expect the price to rise. 
• Click Sell/Short if you expect it to fall. 
• Track your positions under the Positions tab. 

4. Explore Extra Features

• Grid Bot: Automates trading in volatile markets. 
• Vaults: Copy successful traders’ strategies for passive earnings. 
• Rewards Hub: Earn bonuses (USDT, APEX tokens, referral rewards). New users may get a 5 USDT welcome bonus. 

5. Withdraw Funds

Click Withdraw, select the token and network, enter the amount, and confirm. Double-check the network to avoid fund loss. 

Frequently Asked Questions (FAQ) 

Q: What is perpetual trading on ApeX Exchange?
A: Perpetual contracts have no expiry date, allowing traders to hold positions indefinitely and profit from both rising and falling markets. 

Q: How does leverage work?
A: Leverage lets you open larger positions with less capital. While it can multiply profits, it also magnifies losses, so it should be used with caution. 

Q: What is the funding rate?
A: The funding rate is a periodic payment between long and short traders to keep perpetual contract prices aligned with the spot market. Depending on your position, it can either add costs or provide earnings. 

Q: How can I avoid liquidation risk?
A: To reduce liquidation risk, maintain sufficient margin, use stop-loss orders, and keep leverage at manageable levels. Proper risk management is essential. 

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