With low exchange costs. Can I Sell My Shib On Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It also offers extremely high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin borrowing, earning 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 certify for discounts.
One huge downside of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal information prior to continuing. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These include using strong passwords distinct to every site 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 the majority of consumer properties. It likewise has deals additional functions like the capability 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’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to purchase apecoin at this level put our stop loss down at this level meaning 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 want to do is discover the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Can I Sell My Shib On Okx
difference in between the stop and the entry all right which’s going to give us the amount of tokens that we require to buy in order to risk only 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 danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have that set dollar amount okay 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 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 require to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to use okay due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s visit buy bit here let’s state we want 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 takes place 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 quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is changing nothing about the risk profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re picking 3 winners a week all right we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would advise utilizing when growing a little account alright so the first guideline is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there till we scale our account up a little bit larger the 3rd thing and this is extremely crucial is everyone has a mental limit when it pertains to just how much money they’re comfortable running the risk of if I’m looking 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 begin feeling a little bit emotional about the trades which’s something that you actually want to prevent up until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand alright 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 repaired quantity as soon as you want to protect your capital and simply choose a goal each day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make three that three to five thousand dollars each week so I’m utilizing you learn 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 move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings alright so let’s enter into 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 actually definitely 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 but what I wish to do is discover a location where I have actually a freshly developed 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 biggest waves up to 3 pullback is four and then the high is five and the method we can look for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that discover my aspect 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 go up to the high of one if our price action boils down through