How to Deposit and Trade Crypto at ApolloX

How to Deposit and Trade Crypto at ApolloX


How to Deposit at ApolloX


Depositing Crypto to Your ApolloX Account【PC】

You can deposit crypto to your ApolloX account from an account on another exchange or from a wallet. Crypto deposits are made using an Address. To transfer crypto to your ApolloX Funding Wallet, click the [Deposit] button on the Funding page, then just copy and paste the corresponding address to the exchange or wallet you want to send the deposit from.

The steps to deposit crypto to your account are shown below. Please read them carefully:

1. Log in to the official ApolloX website, then click [Deposit].
How to Deposit and Trade Crypto at ApolloX
Well use Tether (USDT) as an example to show how to deposit crypto into your account.

2. Select the name of the crypto, in this case USDT, then click [Select Withdrawal Network].
How to Deposit and Trade Crypto at ApolloX
3. In the "Select Network" pop-up window, youll see a list of networks that support USDT deposits, such as BEP20 (BSC), ERC20, and TRC20. Click on the network you would like to use.
How to Deposit and Trade Crypto at ApolloX
Choosing a network:
  • BTC refers to the Bitcoin network. Bitcoin is a peer-to-peer electronic cash system.
  • ERC20 refers to the Ethereum network. Ethereum is a smart contract protocol, and its native token is ETH.
  • TRC20 is the standard for the TRON blockchain web network, similar to how ERC20 is the standard for the Ethereum network.
  • EOS stands for Enterprise Operating System and is native to the EOS
  • BEP20 is the mainnet protocol behind the Binance Smart Chain (BSC). BSC is a decentralized blockchain network launched by Binance that uses Binance Coin (BNB) as its native token.

4. If, for example, you select "BSC" as the deposit network, youll get the QR code and alphanumeric character string that correspond to your BSC wallet address on ApolloX. Click the "Copy" button to copy your USDT deposit address to the clip board, then just paste your wallet address into the withdrawal address field on the external platform to deposit crypto into your ApolloX account.

*Alternatively, you can use a QR code to deposit crypto. Just scan the QR code for your ApolloX network address using the QR reader on the exchange or wallet you want to withdraw from.
How to Deposit and Trade Crypto at ApolloX

Depositing Crypto to Your ApolloX Account【APP】

User can transfer your own cryptocurrencies to ApolloX account from your other exchange or wallets through the deposit function. Cryptocurrencies are deposited via a "deposit address". User can go to [Wallet] - [Deposit] to copy and paste the address to the exchange or wallet you are withdrawing from to transfer them to your ApolloXs spot account.

Below is the steps of deposit, please read through.

1. Login ApolloX account, click [Wallet] -[Deposit].
How to Deposit and Trade Crypto at ApolloX
How to Deposit and Trade Crypto at ApolloX
2. Select the coins you would like to deposit from the coin list. Below we will use USDT as example to show the steps.
How to Deposit and Trade Crypto at ApolloX
3. Once select the coins, you will access to the deposit page. System will pop out the network selection that support USDT (example BEP20(BSC) , TRC20 and ERC20). Click on the one you would like to choose.
How to Deposit and Trade Crypto at ApolloX
Choosing a network:
  • BTC refers to the Bitcoin network. Bitcoin is a peer-to-peer electronic cash system.
  • ERC20 refers to the Ethereum network. Ethereum is a smart contract protocol and its native token is ETH.
  • TRC20 is the standard for the TRON blockchain web network, similar to how ERC20 is the standard for the Ethereum network.
  • EOS stands for Enterprise Operation System and is native to the EOS network.
  • BEP20 is the mainnet protocol behind the Binance Smart Chain (BSC) network. BSC is a decentralized blockchain network launched by Binance that uses Binance Coin (BNB) as its native asset.

4. Once you have chosen "ERC20" as the deposit network, you will be provided with a QR code and alphanumeric character string that correspond to the "ERC20" network address under your ApolloX account. Click "Copy" icon then you can copy and paste your ApolloXs deposit address to the address field of the external platform which you would like to withdraw from. You may also click on the [Share address] to share the address to other social media platform.

Alternatively, you can also deposit via QR code scanning. Simply scan the ApolloXs network address QR code on another platform that you would like to withdraw from and proceed with the withdraw and deposit to your ApolloX account.
How to Deposit and Trade Crypto at ApolloX

Frequently Asked Questions (FAQ)

Why do I have to enter a Memo/Tag for some cryptos?

Some networks use a universal mainnet address, so all users on the network have the same address. In order to identify which user a transfer should go to, we have to enter a Memo/Tag in addition to the address.

How long will it take for my deposit to arrive, and how much are the fees?

Confirmation time and transaction fees vary depending on which network you choose. For example, if youre depositing USDT, ApolloX supports the ERC20, TRC20, and BEP20 (BSC) networks. To check the transaction fee, you can select the corresponding network on the withdrawal platform and enter the amount you want to deposit.

If the deposit hasnt arrived in your account, it might still be waiting for confirmation on the blockchain. Please be patient while your transaction is processed. You can also check the status of your transaction under Deposit History.

*Note: If you enter the wrong deposit address or select a network that isnt supported for the type of coin youre trying to transfer, your funds will be lost. Please make sure to verify your deposit information and act with caution.

Once your deposit is completed, you can click [Wallet] - [Transaction History] and click on the link icon next to the deposit address to view your transaction on the blockchain.
How to Deposit and Trade Crypto at ApolloX
How to Deposit and Trade Crypto at ApolloX


Why Hasnt My Deposit Arrived?


1. Why hasnt my deposit arrived in my account?

Transferring crypto from an external platform to ApolloX involves three steps: Withdrawal from the external platform - Confirmation on the blockchain - Funds arrive in your ApolloX account.

If your withdrawal is marked as "Completed" or "Successful" on the withdrawal platform, it means that the platform has successfully broadcast your transaction to the blockchain. However, it might still take some time for that transaction to be fully confirmed and credited to the platform you’re withdrawing to.

The time it takes for a transaction to be confirmed and sent to the receiving platform and the number of "network confirmations" required to complete a transaction vary between different blockchains. For example:
  • A BTC deposit requires 1 network confirmation.
  • After receiving a deposit, the funds in your account will be temporarily frozen. You can withdraw after receiving 2 blockchain network confirmations.

Transfers may be delayed due to unpredictable network congestion. You can use the TxID (transaction ID) to check the status of your transfer using a blockchain explorer.

If your deposit hasnt arrived in your account, you can follow the steps below to check the status of your transaction:
  • If the transaction shows as unconfirmed on the blockchain and has not received the minimum number of confirmations required by ApolloX to credit the funds to your account, please wait patiently for the network to confirm your transaction. ApolloX can only credit funds to your account after the transaction has been fully confirmed on the blockchain.
  • If the transaction shows as unconfirmed on the blockchain but the number of confirmations has reached the minimum required by ApolloX, please contact our Customer Support team with your TxID, coin/token name, quantity, and deposit time. Our support specialists will assist you.
  • If the transaction shows as confirmed on the blockchain but your deposit hasnt arrived in your account, you can submit a support ticket to our Customer Support team. Please provide the TxID, coin/token name, quantity, and deposit time. Our support specialists will assist you.

2. How do I check the status of my transaction on the blockchain?

Log in to your ApolloX account and click [Wallet] - [Transaction History] to view your deposit history. You can click on the link in the [TxID] field to view detailed information about the transaction.
How to Deposit and Trade Crypto at ApolloX
How to Deposit and Trade Crypto at ApolloX

How to Trade Crypto at ApolloX


Crypto Futures Explained


What are Futures Contracts?

Futures contracts are an important part of traditional finance: They are highly complex financial instruments used by advanced or technical investors. Investors, companies, and governments use derivatives such as futures contracts to safeguard their exposure to risk and asset price volatility.

A derivative is a type of financial contract that derives its value from an underlying asset. Traditionally, derivatives are used in markets such as commodities, currencies, stocks, or bonds. These contracts can be traded over-the-counter or through exchanges.


What are Cryptocurrency Futures?

In the crypto industry, the futures market is a rapidly growing sector that generates trillions in trading volume every month. Like stock options or commodity futures contracts, crypto futures can guard against volatility and adverse price changes. Crypto futures also act as a tool that investors can use to speculate on future crypto prices or hedge against changes in the price of a cryptocurrency.


Advantages of trading Crypto Futures

Flexibility: Non-crypto holders can speculate on the price of a cryptocurrency to make a profit. You can use USDT to open a crypto futures position, and you can choose to settle your profit in USDT.

Leverage: Gain significant exposure to a specific cryptocurrency with only a fraction of its total cost. With leverage, you can magnify small price movements to create profits that justify your time and effort.

Liquidity: Crypto Futures markets are extremely liquid, with transaction volumes reaching trillions in US dollars. Liquid markets are less risky because traders can enter and exit positions easily with minimal slippage.

Portfolio Diversification: Diversify your trading strategies to generate more profit. Traders are able to develop complex trading strategies, such as short selling, arbitrage, pair trading, and so on.


Transfer Funds into Your Futures Wallet

【PC】

In order to start trading ApolloX Futures, youll need to transfer funds into your Futures account from a funding account.

1. On the Futures Trading page, find the "Assets" widget and click [Transfer].
How to Deposit and Trade Crypto at ApolloX
2. Select the type of currency you want to transfer into your Futures account. Enter the amount and click [Confirm].
How to Deposit and Trade Crypto at ApolloX
3. After you finish, youll be able to see your current available balance in the "Assets" widget.
How to Deposit and Trade Crypto at ApolloX
4. If you need to transfer the available amount in your Futures account back to your funding account, you can click the [Swap] icon to change the direction of the transfer. Enter the amount you want to transfer and click [Confirm ].
How to Deposit and Trade Crypto at ApolloX

【App】

In order to start trading ApolloX Futures, youll need to transfer funds into your Futures account from a funding account.

1. On the Futures page, find and click the arrows icon as shown below.
How to Deposit and Trade Crypto at ApolloX
2. Select the type of currency you want to transfer into your Futures account. Enter the amount and click [Confirm].
How to Deposit and Trade Crypto at ApolloX
3. After you finish, youll be able to see your current available balance on the Futures page.
How to Deposit and Trade Crypto at ApolloX
4. If you need to transfer the available amount in your Futures account back to your funding account, you can click the [Swap] icon to change the direction of the transfer. Enter the amount you want to transfer and click [Confirm ].
How to Deposit and Trade Crypto at ApolloX


How to trade Futures

1. Transfer funds into your Futures account to start trading.

2. Select the Futures contract you would like to trade. USDⓈ-M Perpetual Futures Contracts are linear contracts that use USDT as margin, as well as to settle profit and loss (PnL). Before opening a position, confirm that you are using the correct trading mode. You can click the [Preference] icon to set your preferences.
How to Deposit and Trade Crypto at ApolloX
3. There are several different order types that you can use to open a position on ApolloX. You can learn how to use the different order types under [Information] - [Guide].
How to Deposit and Trade Crypto at ApolloX
By trading Futures, you can make a profit off of market price fluctuations by opening a long or short position on a given contract.

If you decide to go long, it means that you expect the price of the contract youre buying to go up in the future, whereas if you decide to open a short position, it means that youre selling contracts and you expect the price to go down in the future.
How to Deposit and Trade Crypto at ApolloX
4. You can view your unrealized PnL (uPnL), estimated liquidation price, margin ratio, and other information about your current positions at the bottom of the candlestick chart.
How to Deposit and Trade Crypto at ApolloX
5. You can also click Close All Positions to close all of your open positions using a market or limit order once you enable this feature in [Preference].
How to Deposit and Trade Crypto at ApolloX
Further reading: How to Calculate Unrealized PnL ROE for USDⓈ-M Perpetual Futures Contracts
  • If you choose to use the Mark Price as the benchmark price:
Unrealized PNL = Number of Contracts * Order Direction * (Mark Price - Entry Price)
ROE% =Unrealized PNL in USDT / Initial Margin = ( ( Mark Price - Entry Price ) * Order Direction * Number of Contracts ) / (Number of Contracts* Contract multiplier * Mark Price* Initial Margin Rate)
*Initial Margin Rate = 1 / Leverage Multiplier
  • If you choose to use the latest price as the benchmark price:
Unrealized PNL = Number of Contracts * Order Direction * (Mark Price - Entry Price)
ROE% = Unrealized PNL in USDT / Initial margin = ( ( Mark Price - Entry Price ) * Order Direction * Number of Contracts) ) / (Number of Contracts * Contract Multiplier * Mark Price* Initial Margin Rate)
Order Direction: 1 for long order;-1 for short order

Frequently Asked Questions (FAQ)

Changing the Leverage Multiplier

1. The default leverage multiplier on ApolloX is 20x, but youre free to adjust it. The higher the leverage multiplier, the lower the notional value of your position.

Click the [20x] icon.
How to Deposit and Trade Crypto at ApolloX
2. Use the slider to adjust the leverage multiplier, then click [Confirm].
How to Deposit and Trade Crypto at ApolloX
3. Once you click Confirm, the leverage multiplier will be changed and the new leverage multiplier will be displayed. Make sure you select the correct leverage multiplier before opening a position.
How to Deposit and Trade Crypto at ApolloX


ApolloX Futures Transaction Fees


Futures transaction fees:

Maker fee: 0.02%; Taker fee: 0.07%


Definitions of "Maker" and "Taker"

What is a Maker Order?

When you place a Maker order, youll enter the order price (either higher or lower than the current market price) and rather than being filled immediately, your order will go onto the order book with the other orders. Your order will stay on the order book until another user takes the initiative to fill the order.


What is a Taker Order?

When you place a Taker order, youre taking the initiative to fill your order by trading with an existing order on the order book. Your order trades immediately by filling an existing order with a matching price.


How are transaction fees calculated?

Formula for USDⓈ-M Futures transaction fees:

Transaction fee = Nominal value × Transaction fee rate

Nominal value = Number of futures contracts × Transaction price


For ApolloX users, Maker fees are 0.02% and Taker fees are 0.07%.

Buying BTCUSDT Futures using a Market Order:

Nominal value

= Number of futures contracts × Transaction price

= 1 BTC × 49,000

= 49,000

As a Taker, you would pay a transaction fee of 49,000 × 0.07% = 34.3 USDT.


Once the price goes up, you can place a Maker sell order:

Nominal value

= Number of futures contracts × Transaction price

= 1 BTC x 49,500

= 49,500

As a Maker, you would pay a transaction fee of 49,500 × 0.02% = 9.9 USDT.


How to use the ApolloX Futures Calculator

You can use the ApolloX Futures Calculator to calculate your Initial Margin, PnL, and ROE for each order.

1. Click the [Calculator] icon as shown below.
How to Deposit and Trade Crypto at ApolloX
2. You can use the Calculator to calculate your PnL, Target Price, or Liquidation Price.
How to Deposit and Trade Crypto at ApolloX
3. After choosing an option, select [Long] or [Short], then enter the Entry Price, Exit Price, and Quantity. You can also adjust the leverage multiplier here. Fill in the order details, then click [Calculate]. ApolloX will then automatically calculate your Initial Margin, PnL, and ROE.

USDⓈ-M Perpetual Futures

Initial Margin = Quantity * Entry Price * Initial Margin Rate(IMR)

Initial Margin Rate (IMR) = 1 / leverage Multiplier

Calculation for PnL:

Long = (Exit Price - Entry Price) * Number of Contracts

Short = (Entry Price - Exit Price) * Number of Contracts

ROE% = PnL / Initial Margin = Order Direction * (1 - Entry Price / Exit Price) / Initial Margin Rate


How to change Margin Mode

1. Log in to ApolloX and go to the ApolloX Futures trading page. Select the Futures contract you want to trade, then click [Cross], as shown below.
How to Deposit and Trade Crypto at ApolloX
2. Here, youll see the different margin mode options. Click to select the margin mode you want to use, then click [Confirm].

*Switching margin mode will only apply for the current contract.
How to Deposit and Trade Crypto at ApolloX
3. The margin mode is changed once you click Confirm. Remember to select the correct margin mode whenever you open or execute an order.

Tips:
  1. The default margin mode is set to "Cross Margin" for all contracts.
  2. Changing margin mode will only apply for the current contract.
  3. Remember to select the correct margin mode whenever you open or execute an order.
  4. You wont be able to change the margin mode if you have any open positions or orders.
  5. In Cross Margin mode, all positions under the same margin asset share the same margin balance. For example, all USDT in your Futures wallet can be used for all USDT Futures trades.
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