With low exchange fees. Can You Exchange Bitcoin For Litecoin On Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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Supports margin borrowing, earning 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 utilize 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 review. 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 prices tiers that vary 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 big holding in the OKB currency might qualify for discount rates. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One big drawback of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details prior to continuing. You likely won’t recuperate any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally confront with conventional banking platforms. However, the best practices for keeping your monetary accounts protected are comparable. These include utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for the majority of customer assets. It also has deals extra features like the ability 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.
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 selling our position and that we wish to take profit at this level what we want to do is find the difference in between these worths which’s going to give 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 You Exchange Bitcoin For Litecoin On Okx
difference in between the stop and the entry all right and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount fine so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry price 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 offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is how much money we personally require to put 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 due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account which makes it impossible fine so let’s go over to buy bit here let’s say 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 enjoy what occurs when we open our utilize all right and you’re gon na get this caution that the liquidation is high all right as long as you’re quantifying 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 just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is altering nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re selecting 3 winners a week alright we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would recommend utilizing when growing a small account alright so the very first rule is start with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 alright 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 up until we scale our account up a bit larger the third thing and this is very important is everyone has a mental threshold when it pertains to just how much cash 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 math states you’re going to start feeling a little bit emotional about the trades which’s something that you truly want to avoid till you come comfortable doing that okay so say you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that pull back to fifty dollars per trade choice that repaired amount once you wish to preserve your capital and simply select a goal per day on
the money that you want to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m utilizing you learn 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 earnings okay so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right but what I want to do is find an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
very first pullback is two biggest waves approximately three pullback is 4 and after that the high is 5 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 on this link click back here and after that find 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 go up to the high of one if our rate action comes down through