How to Trade on RabbitX Exchange: A Step-by-Step Beginner's Tutorial

RabbitX is a decentralized perpetual futures exchange built on Starknet, a Layer 2 scaling solution for Ethereum. It offers lightning-fast execution, low fees, and a user-friendly interface — making it an ideal platform for both beginners and experienced traders. This tutorial walks you through the process of trading on RabbitX step-by-step, from wallet setup to placing your first trade.

🧠 What Is RabbitX?

RabbitX combines the speed of centralized exchanges with the transparency and security of decentralized finance (DeFi). It uses a hybrid architecture: trades are matched off-chain for speed, while settlement and risk management are handled on-chain via Starknet’s zk-rollup technology.

✅ What You Need to Get Started

Before you begin trading on RabbitX, make sure you have:

• A desktop or mobile device with internet access

• A supported Ethereum wallet (e.g., MetaMask, Argent, Braavos)

• Some ETH for gas fees and USDC for trading

• Access to the RabbitX Exchange

🛠️ Step-by-Step Guide to Trading on RabbitX

Step 1: Connect Your Wallet

1. Visit the RabbitX Exchange

2. Click “Connect Wallet” in the top-right corner

3. Choose your preferred wallet (MetaMask, Braavos, or Argent)

4. Approve the connection and switch to the Starknet network if prompted

Step 2: Deposit Funds

To trade, you’ll need to deposit USDC into your RabbitX account:

• Click on “Deposit” in the dashboard

• Choose the asset (USDC or ETH)

• Follow the prompts to bridge funds from Ethereum mainnet to Starknet

• Confirm the transaction via your wallet

Deposits are settled on-chain and typically take a few minutes.

Step 3: Explore the Trading Interface

RabbitX offers a clean and intuitive trading dashboard:

• Chart View: Real-time price charts powered by TradingView

• Order Book: Displays current buy/sell orders

• Trade Panel: Where you place market or limit orders

• Positions Tab: Track open trades, PnL, and margin usage

Step 4: Place Your First Trade

1. Select a trading pair (e.g., BTC-USDC, ETH-USDC)

2. Choose Market Order (instant execution) or Limit Order (set your price)

3. Set your leverage (up to 20x depending on the asset)

4. Enter your position size and direction (Long or Short)

5. Click “Open Position” and confirm via your wallet

Your trade will be executed off-chain and settled on Starknet for transparency.

Step 5: Monitor and Manage Your Position

• Use the Positions tab to view your open trades

• Track your unrealized PnL, margin ratio, and liquidation price

• You can close, adjust, or add margin to your position at any time

Step 6: Withdraw Funds

When you're ready to cash out:

• Click “Withdraw” in the dashboard

• Select the asset and amount

• Confirm the transaction via your wallet

Funds will be bridged back to Ethereum or your preferred network.

💸 Fees on RabbitX

RabbitX offers a low-fee structure:

• Maker Fee: ~0.01% (for adding liquidity)

• Taker Fee: ~0.05% (for removing liquidity)

• No gas fees for trading: Thanks to off-chain execution

• Minimal settlement fees: Powered by Starknet’s zk-rollups

🔐 Security Tips

• Use a hardware wallet for large balances

• Never share your seed phrase or private keys

• Bookmark the official RabbitX site to avoid phishing

• Revoke unused token approvals regularly

🎯 Why Trade on RabbitX?

• Fast execution with off-chain matching

• Secure settlement via Starknet

• Low fees and deep liquidity

• User-friendly interface for all skill levels

• Non-custodial — you control your funds

RabbitX makes decentralized perpetual trading fast, affordable, and accessible. With its hybrid architecture and Starknet integration, it’s a top choice for traders looking to explore DeFi derivatives in 2025.