With low exchange charges. Can I Open Multiple Accounts On Okx … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It also provides extremely high yields in some cases when taking part in staking or saving features.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site 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 an area 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, 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 primary location 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 total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various pricing 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 large holding in the OKB currency might get approved for discounts. Swaps, futures, and choices have their own rate schedules with varying costs.
One big downside of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details before continuing. If you accidentally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe are comparable. These consist of using strong passwords distinct to every site 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 many consumer assets. 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 easy for anyone beyond 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.
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 offering our position and that we wish to take earnings at this level what we want to do is discover the difference between these values and that’s going to provide us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can I Open Multiple Accounts On Okx
distinction between the stop and the entry all right and that’s going to provide us the quantity of tokens that we need to buy in order to risk only 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar amount fine so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and increase it by the entry price 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 give us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to utilize alright because if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it impossible okay so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our take advantage of okay and you’re gon na get this warning that the liquidation is high all right 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 fine so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this utilize capability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re selecting three winners a week okay we’re attempting to provide the costs 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 prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would suggest using when growing a little account okay so the first guideline is start with the dollar quantity threat per trade 10 of beginning 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 comfortable with the dollar amount and use that there until we scale our account up a bit bigger the third thing and this is incredibly important is everyone has a mental limit when it pertains to how much money they’re comfortable running the risk of 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 says you’re going to begin feeling a bit psychological about the trades which’s something that you really want to avoid until you come comfy doing that all right so state you work your method approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you want to protect your capital and just select a goal per day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now go up to a thousand shot to make three to 5 thousand per trade and try to double my earnings fine so let’s enter the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai all right however what I wish to do is find a location where I have a recently developed uptrend first thing that I want to do is recognize my wave count okay so if this is our start
very first pullback is two largest waves up to three pullback is four and after that the high is five and the method we can try to find the top of 5 is by utilizing 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 then discover my factor 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 cost action boils down through