With low exchange charges. биржа Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in a location that deals with OKX, you can produce an account that provides you access to trade 343 area currencies.
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also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to list them all in our OKX review. There are 343 currencies on the exchange total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various rates tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might get approved for discounts. Futures, swaps, and choices have their own rate schedules with differing fees.
One big drawback of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally face with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many client possessions. It likewise has deals extra functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy apecoin at this level put our stop loss down at this level significance that if we’re wrong and it continues moving down we’re offering our position and that we wish to take revenue at this level what we want to do is find the distinction in between these worths which’s going to provide us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the биржа Okx
difference between the entry and the stop okay and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity all right so that indicates that in order to find the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to use all right due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it difficult all right so let’s go over to purchase bit here let’s say we wish to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is altering nothing about the danger profile on the trade alright if you plan on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re picking 3 winners a week alright we’re attempting to give the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise utilizing when growing a small account okay so the first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 up to 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a little bit larger the third thing and this is very essential is everyone has a psychological limit when it comes to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to begin feeling a little bit psychological about the trades and that’s something that you truly want to avoid up until you come comfy doing that okay so say you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and just select a goal daily on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m using you learn about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my earnings okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai okay however what I wish to do is find a location where I have a freshly established uptrend first thing that I want to do is determine my wave count all right so if this is our start
first pullback is 2 largest waves approximately three pullback is four and then the high is 5 and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my factor of one and you can see the price action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and increase to the high of one if our rate action boils down through