With low exchange fees. Can I Directly Mine To My Okx Address … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest 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 regulative and compliance concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different prices 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 get approved for discount rates. Swaps, futures, and choices have their own rate schedules with differing charges.
One big disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, covert expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction details before continuing. You likely won’t recuperate any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not usually face with traditional banking platforms. However, the very best practices for keeping your financial accounts protected are comparable. These consist of using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client properties. It likewise has offers additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover 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 selling our position which we want to take profit at this level what we want to do is find the distinction between these values which’s going to give 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 Can I Directly Mine To My Okx Address
difference between the stop and the entry fine which’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just 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 risk reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here okay 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 require to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is just 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 utilize all right since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s visit purchase bit here let’s say we want 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 occurs when we open our leverage alright and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying 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 just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing nothing about the risk profile on the trade alright if you plan on trading anyways use the recommendation Link in the description fine every week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars weekly we’re picking 3 winners a week alright we’re trying to offer the charges that we’re gathering from the affiliate program back into the community for you people trading with us link is 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 go over the guidelines that I would advise utilizing when growing a little account okay so the first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 approximately 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everybody has a psychological limit when it comes to 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 mathematics says you’re going to start feeling a bit psychological about the trades which’s something that you actually want to prevent up until you come comfy doing that alright so say you work your method up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that back down to fifty dollars per trade choice that fixed amount when you want to protect your capital and just choose an objective per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three to five thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire 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 fine so let’s enter the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay however what I wish to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
very first pullback is 2 largest waves as much as three pullback is 4 and after that the high is five and the method we can look for 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 element of one and you can see the rate 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