With low exchange fees. Can’t Sell Btc On Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When participating in staking or saving features, it also uses incredibly high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 nations. They do not 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 an area that works with OKX.
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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. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate space to note 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
breaks currencies down into various rates tiers that vary based on trade volume and account holdings. For spot 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, swaps, and options have their own rate schedules with varying costs.
One huge downside of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information before proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These include using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for many client possessions. It also has deals additional features like the ability 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. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 offering our position which we wish to take revenue at this level what we wish to do is discover the difference between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can’t Sell Btc On Okx
distinction between the stop and the entry all right which’s going to offer us the amount of tokens that we require to buy in order to run the risk of just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require 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 have to take the amount 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 multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re using utilize the only thing it’s changing is how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have ten thousand dollars to utilize fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult okay so let’s visit buy bit here let’s say we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our leverage all right and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is altering nothing about the danger profile on the trade alright if you plan on trading anyways utilize the referral Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars each week we’re choosing 3 winners a week fine we’re trying to offer the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can check out our Discord where we reveal the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a little account fine so the first guideline is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there until we scale our account up a bit larger the 3rd thing and this is super essential is everybody has a mental limit when it concerns how much money they’re comfortable risking 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 mathematics says you’re going to start feeling a bit psychological about the trades which’s something that you actually want to prevent until you come comfy doing that fine so state you work your method as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that fixed quantity as soon as you want to maintain your capital and simply choose a goal per day on
the money that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly 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 after that I’ll increase it you know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my income alright so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai okay however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is 2 largest waves approximately 3 pullback is four and after that the high is 5 and the method we can look for the top of 5 is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that 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 comes down through