With low exchange charges. Can I Transfer Money From Kucoin To Okx … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also provides extremely high yields in many cases when participating in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might 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 not enough 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 upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may receive discounts. Swaps, choices, and futures have their own rate schedules with differing charges.
One huge downside of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal information before proceeding. If you accidentally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most client assets. It also has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find 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 wish to do is discover the difference in between these values and that’s going to offer 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 ten dollars and we’re going to divide it by the Can I Transfer Money From Kucoin To Okx
difference in between the stop and the entry fine and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of only ten dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward 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 fine so that suggests that in order to find the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here fine 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 get into this position when we’re using take advantage of 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 leverage that indicates now I have 10 thousand dollars to utilize okay since if we only had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it difficult alright so let’s visit buy bit here let’s say 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 see what happens when we open our utilize alright and you’re gon na get this warning that the liquidation is high alright 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 ideal thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is altering nothing about the risk profile on the trade okay if you plan on trading anyways utilize 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 immediately entered to win a hundred dollars per week we’re choosing three winners a week all right we’re trying to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can have a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would advise utilizing when growing a little account alright so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 alright you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there till we scale our account up a bit bigger the 3rd thing and this is very important is everyone has a psychological limit when it concerns 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 sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit emotional about the trades which’s something that you actually wish to prevent until you come comfy doing that fine so say you work your way 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 alright you can walk that pull back to fifty dollars per trade choice that repaired quantity once you wish to protect your capital and simply select an objective each day on
the money that you want to make once you get up to a comfortable limit where it’s fitting your income objectives so for me personally you know I like to make three that 3 to 5 thousand dollars each week so I’m using you understand 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income okay so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I want to do is find an area where I have a newly established uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is 2 biggest waves up to 3 pullback is 4 and after that the high is five and the way 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 value I’m gon na click on this link click back here and then find 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 comes down through