With low exchange fees. Bitmex Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also uses remarkably high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that deals with OKX, you can develop an account that provides you access to trade 343 area currencies.
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likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to list them all in our OKX evaluation. 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 different pricing tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may receive discount rates. Futures, swaps, and alternatives have their own rate schedules with differing fees.
One huge downside of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not normally face with conventional banking platforms. However, the best practices for keeping your financial accounts secure are comparable. These consist of using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer possessions. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wanted to purchase 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 want to take revenue at this level what we wish to do is find the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Bitmex Okx
difference in between the stop and the entry alright which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to enter this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it impossible alright so let’s go over to buy bit here let’s state we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our utilize fine and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is changing absolutely nothing about the risk profile on the trade okay if you intend on trading anyways utilize the referral Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re choosing three winners a week alright we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can check out our Discord where we reveal the winners alright before we hop into the trading system that you can use to begin taking these trades I wish to review the guidelines that I would advise utilizing when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a bit larger the third thing and this is very essential is everybody has a psychological threshold when it pertains to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades and that’s something that you actually want to prevent up until you come comfortable doing that all right so state you work your method as much as 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade pick that repaired quantity when you want to maintain your capital and simply pick a goal daily on
the cash that you want to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m using you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to 5 thousand per trade and try to double my earnings okay so let’s enter into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai okay however what I wish to do is find an area where I have actually a freshly developed uptrend first thing that I want to do is determine my wave count all right so if this is our beginning
very first pullback is 2 biggest waves approximately three pullback is four and then the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my aspect 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 go up to the high of one if our price action boils down through