With low exchange costs. Can You Buy Doge Coin On Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving features, it also provides remarkably high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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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 a location that deals with OKX, you can produce an account that offers you access to trade 343 area currencies.
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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. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place 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.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discounts.
One huge disadvantage of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are similar. These include 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, including freezer for many consumer assets. It likewise has offers additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find a familiar experience at OKX if you have actually 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 significance that if we’re wrong and it continues moving down we’re selling our position which we wish to take earnings at this level what we want to do is discover the difference between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Can You Buy Doge Coin On Okx
difference in between the stop and the entry okay which’s going to provide us the quantity of tokens that we require to buy in order to risk just ten dollars alright 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 benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount all right so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have ten thousand dollars to utilize all right because if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s visit purchase 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 up our take advantage of all right and you’re gon na get this warning that the liquidation is high okay 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 ideal thing all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of capability is altering nothing about the risk profile on the trade alright if you intend on trading anyways use the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars weekly we’re selecting 3 winners a week fine we’re trying to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account okay so the very first guideline is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a bit bigger the 3rd thing and this is extremely important is everyone has a mental threshold when it pertains to just 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 3 trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you really wish to prevent up until you come comfy doing that okay so state you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you wish to protect your capital and just choose an objective each day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars each week so I’m utilizing you understand 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 3 to 5 thousand per trade and try to double my earnings alright so let’s enter the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai alright however what I want to do is discover an area where I have actually a freshly established uptrend first thing that I wish to do is determine my wave count all right so if this is our beginning
very first pullback is two largest waves up to three pullback is four and after that the high is 5 and the way we can search for the top of five is by utilizing 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 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 increase to the high of one if our rate action boils down through