With low exchange fees. Can’t Make Okx Account … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also offers incredibly high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site 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 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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also supports margin borrowing, earning 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient 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 area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts.
One huge downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, concealed expense details are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before continuing. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts safe are comparable. These consist of utilizing strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many client possessions. It likewise has offers extra functions like the capability 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. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
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 which we want to take revenue at this level what we want 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 amount risk 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’t Make Okx Account
difference between the stop and the entry okay and that’s going to offer us the amount of tokens that we require to purchase in order to run the risk of just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar quantity all right so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and multiply it by the entry price which is this level here all right 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 need to be able to get into this position when we’re utilizing leverage the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to use all right since if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it impossible fine so let’s go over to buy bit here let’s state we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what happens when we open up our leverage okay and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing absolutely nothing about the risk profile on the trade okay if you plan on trading anyways use the referral Link in the description okay weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re picking 3 winners a week alright we’re trying to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would recommend utilizing when growing a small account all right so the first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 up to 200 fine you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a bit bigger the third thing and this is incredibly crucial is everyone has a mental limit when it comes to how much cash they’re comfortable risking if I’m taking a look 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 bit psychological about the trades which’s something that you truly wish to avoid up until you come comfy doing that alright so say you work your method 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 too much for you fine you can walk that pull back to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and just pick an objective each day on
the money that you wish to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you know I like to make three that three to five thousand dollars per week so I’m using you learn 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 five thousand per trade and try to double my income all right so let’s get into the bread and butter of the real 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 show you one of the setups that I had on xrp when I was actually in Dubai all right but what I want to do is find an area where I have a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
very first pullback is 2 largest waves approximately three pullback is 4 and then the high is five and the way we can search for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then discover 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 price action boils down through