Hey, what's up you guys Vusi Designer here. Hope you're well, so let's just go over on what
we're gonna be doing in this video if you recall In our previous episode, we open a crypto trading
account, we verify that account using KYC we secure the account using a google-authenticator
so, in this video, we're going to be depositing funds to that specific account you can deposit
funds using cryptocurrencies, a bank wire transfer, or even a credit card or a debit card so I'm
going to go ahead and log into the specific account, if you haven't opened an account yet
check out the information popping up on the top right of the screen right now
and go ahead and start there, so once you're logged in it's going to take you to your
dashboard if you can't find your dashboard hover over on the avatar icon and click on dashboard.
once you're there you want to click on the deposit and you can see that you've got a cash deposit
a crypto deposit or to buy cryptocurrencies using a credit card or a debit card let's click on the
on the cash deposit here you want to see if your currency is supported you can type your currency
here mine is ZAR which is not supported so you can see if yours is supported you can go ahead with
this option but we cannot go back because we want to buy cryptocurrencies using a credit card or
a debit card so I'm going to click on deposit again and I'm not going to do the crypto deposit however
I want to buy cryptocurrencies using a credit card or a debit card so I'm going to click on that
so once you're here you want to search your currency mine is ZAR so I'm going to type
ZAR and I'm going to select it and this is the the currency that you're moving from your bank
account and this is the cryptocurrency that you want to buy but we don't want to buy bitcoin
or any cryptocurrency right away because if we do that means we're going to be buying it at the
market price and keep watching because I'm going to show you how to get these currencies obviously
at the cheaper price so in here you want to select what is called a stable coin so I was supposed to
have a stable coin video before this video however I had some technical difficulties which means I'm
gonna have those episodes coming right after this one but basically the stable coin that we want to
select is BUSD or Tether which is USDT basically a a stable coin is just a crypto version of a dollar so
in this case, I'm going to click on Tether, and you can punch in the amount of money that you want to
move from your bank account in my case I want to move let say 18 500. and you can see how
many Tethers you'll be getting so which means from my Rand, I'm moving to a US dollar version
of a cryptocurrency which is Tether obviously there are many other cryptocurrencies that are
stable coins but we're going to cover that in future episodes so I'm gonna click on continue
On this page, you can see that there are fees that are associated with these transactions so
some people find this to be a little bit expensive but it doesn't really matter you know irrespective
of what broker or what exchange you're using you are always going to pay high fees when it comes to
onboarding from fiat to crypto so you want to go ahead oh! okay, this order has expired so I'm going
to go ahead and refresh that and just proceed with the payment and OTP is going to be sent
to your phone so go ahead and launch that and get that OTP so that you can verify this transaction
so I'm gonna log into my phone right here and get the OTP I'm gonna click on the notification
and get the exact number that i need here at 7630 and hit submit.
so it's gonna start processing once it's done processing, then obviously we can see if
the transaction was successful or not okay it's successful then we're gonna go to our wallet
over here you can see the overview of your wallet and the current balance and especially the funds
that you just deposited to your account and you can see we've got you know a positive balance of
about 1 249 US dollars which are obviously USDT um... now you want to hover over to trade and click on
advanced just click on advanced all right this is our chart but first, we need to get a ticker
symbol so we know exactly what currency we're trading against which currency this is similar
to when you're trading forex because you have to trade one currency against one another in our case
we want to trade for example Chain link so we need to get a ticker symbol LINK and come back and type
it on our platform so we're looking for LINK-USDT once we found that you want to go ahead
and select it so basically now we're trading LINK USDT or USDT-LINK these are currencies that we
trading against one another but before we go-ahead with that let's just pause for a moment so I can
explain to you exactly what is going on here if you look at the chart this currency is actually
trading around 31 us dollars and we're actually anticipating that this price is obviously gonna
fall below that so what we want to do is not to buy this currency at the current price or at the
market price however we want to set our own ask price that's why at the beginning of this video
I said I'm going to show you guys how to get these currencies obviously at the cheaper price so what
we want to do here is to set our own ask price which is obviously below the asking price right
so we may set our own ask price to be around 29 US dollars you know 28 US dollars 25 20 even you
know 16 US dollars so when the price falls below those price point our orders will get triggered
which means we'll no longer be holding USDT however, we will be holding LINK to our portfolio
or in our portfolio so we want to go ahead and just type that price that is lower than the ask
price and obviously put the amount of money that you're willing to spend on that specific trade or
on that specific order then plus buy and once you press by you can see the notifications obviously
on the bottom right of your screen and this order is not yet triggered so you can always
Cancel this order at any given time as long it hasn't fallen below the price point and if it's
falls below the price point it will get triggered automatically which means you don't have to be
manually be on the computer or be on your phone looking or was waiting for these orders to go through
in the next video, I'm actually going to show you guys how to navigate around this trading platform
because I know if you're just using it for the first time it can be actually very intimidating
so I'm gonna show you exactly where to find all the tools that you need to execute your trades
correctly so if that sounds good to you make sure you click on this video and watch our next video
until then don't forget to like and subscribe and I will see you there goodbye for now bye.