With low exchange costs. Can You Keep Bitcoin In Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also provides extremely high yields in many cases when participating in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims 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 develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also 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 room to list them all in our OKX review. There are 343 currencies on the exchange total.
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 discount rates.
One big drawback of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, concealed cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely will not recuperate any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t generally confront with traditional banking platforms. However, the very best practices for keeping your financial accounts protected are similar. These include using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most customer assets. It likewise has offers additional features like the capability to set up 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.
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 and that we wish to take profit at this level what we wish 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 threat 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 Keep Bitcoin In Okx
distinction between the entry and the stop all right and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount alright so that implies 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 multiply it by the entry price which is this level here fine 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 get into this position when we’re using leverage the only thing it’s altering is just 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 implies now I have 10 thousand dollars to use okay because if we just had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account which makes it impossible okay so let’s go over to buy bit here let’s say we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is altering nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re picking 3 winners a week okay we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners all right before 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 recommend using when growing a small account fine so the very first guideline is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is super crucial is everyone has a mental threshold when it concerns 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 math states you’re going to start feeling a bit emotional about the trades and that’s something that you actually wish to avoid until you come comfortable doing that alright so state 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 pick that repaired amount as soon as you want to protect your capital and just select an objective each day on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m using you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my income all right so let’s enter the support of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai fine however what I want to do is discover an area where I have actually a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
very first pullback is two largest waves as much as 3 pullback is 4 and then the high is five and the method we can search for the top of 5 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 then find my element of one and you can see the price 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 boils down through