With low exchange charges. Can I Buy Harmony One On Okx … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When participating in staking or conserving features, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin loaning, making cryptocurrency through staking and cost 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 not enough space to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices tiers that differ based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discount rates. Swaps, alternatives, and futures have their own rate schedules with differing costs.
One huge downside of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, surprise expense details are a warning that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely will not recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically face with standard banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe are comparable. These include utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most consumer properties. It also has deals extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 selling our position and that we wish to take revenue at this level what we want to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can I Buy Harmony One On Okx
distinction in between the entry and the stop all right and that’s going to offer us the quantity of tokens that we require to buy in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount fine so that means that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to utilize okay because if we only had a hundred dollar account okay 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 purchase bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our take advantage of alright and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the recommendation Link in the description fine each week we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re choosing 3 winners a week fine we’re trying to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise utilizing when growing a small account okay so the very first rule is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk okay each time you double the account so when you go to 100 up to 200 fine 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 amount and use that there up until we scale our account up a bit bigger the 3rd thing and this is very essential is everybody has a mental limit when it concerns how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you really want to avoid up until you come comfy doing that all right so say you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright 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 choose an objective each day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to 5 thousand dollars each 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 three to five thousand per trade and attempt to double my income alright 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 definitely 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 want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is two biggest waves as much as three pullback is four and then the high is 5 and the way we can look for the top of 5 is by using 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 discover my element 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 price action comes down through