With low exchange fees. Can’t Send Ethereum From Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also provides exceptionally high yields sometimes when participating in staking or saving features.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in an area that deals with OKX, you can develop an account that provides you access to trade 343 area currencies.
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. could work as an exchange you use 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 note them all in our OKX evaluation. 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 might qualify for discount rates.
One big disadvantage of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details before continuing. If you unintentionally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you don’t typically confront with conventional banking platforms. However, the best practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords special 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 a lot of customer properties. It also has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market 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 meaning 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 between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat we want 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 Send Ethereum From Okx
difference in between the entry and the stop okay and that’s going to give us the quantity of tokens that we require to purchase in order to risk only 10 dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount alright so that suggests that in order to discover the capital requirement or the amount of money that we need for this trade we need to take the quantity of coins and increase 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 provide us 587 dollars then we require to be able to enter this position when we’re utilizing utilize 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 means now I have ten thousand dollars to use alright since if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our leverage okay and you’re gon na get this caution that the liquidation is high fine 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 alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this utilize ability is changing nothing about the threat profile on the trade okay if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting three winners a week alright we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to start taking these trades I wish to go over the rules that I would advise utilizing when growing a little account all right so the first rule is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 okay 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 use that there until we scale our account up a bit larger the 3rd thing and this is super crucial is everyone has a mental threshold when it pertains to 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 math says you’re going to start feeling a little bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that all right so state you work your way up to 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 walk that pull back to fifty dollars per trade pick that repaired amount when you wish to protect your capital and simply choose an objective each day on
the money that you want to make once you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m using 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 move up to a thousand try to make three to five thousand per trade and try to double my income alright so let’s enter into 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 find a location where I have a recently developed uptrend first thing that I want to do is determine my wave count all right so if this is our start
very first pullback is 2 biggest waves as much as three pullback is 4 and after that the high is five and the way we can try to find the top of five is by utilizing 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 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 rate action comes down through