With low exchange fees. Can You Buy Ntfs On Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 may receive discounts. Futures, swaps, and options have their own rate schedules with differing charges.
One huge disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, concealed cost details are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for many customer properties. 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 simple for anybody beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 offering our position and that we want to take earnings at this level what we wish 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 quantity danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can You Buy Ntfs On Okx
difference between the entry and the stop alright which’s going to offer us the amount of tokens that we need to purchase in order to risk only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to use fine since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to purchase bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open our leverage alright and you’re gon na get this caution that the liquidation is high alright 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 only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is changing nothing about the threat profile on the trade okay if you plan on trading anyways utilize the referral Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars weekly we’re selecting three winners a week all right we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I want to review the rules that I would advise using when growing a small account alright so the first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 all right 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 quantity and utilize that there till we scale our account up a little bit bigger the 3rd thing and this is extremely important is everyone has a psychological limit when it pertains to how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to start feeling a little bit psychological about the trades which’s something that you truly wish to prevent up until you come comfy doing that alright so state you work your way up to 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can stroll that back down to fifty dollars per trade pick that fixed amount when you want to maintain your capital and simply pick an objective each day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 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 then I’ll increase it you understand a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my income alright so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely 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 fine but what I want to do is find a location where I have a newly developed uptrend first thing that I wish to do is determine my wave count fine so if this is our start
first pullback is 2 biggest waves as much as three pullback is 4 and then the high is five and the method we can search for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my element of one and you can see the cost 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