With low exchange costs. How Can You Buy Dogecoin On Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. It also provides exceptionally high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in an area that works with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin loaning, earning 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various prices tiers that differ 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 get approved for discounts. Swaps, choices, and futures have their own rate schedules with varying costs.
One huge drawback of is that it doesn’t disclose costs for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details prior to proceeding. You likely will not recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of customer possessions. It also has offers additional 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. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted to buy 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 and that we wish to take earnings at this level what we want to do is discover the distinction between these values which’s going to offer 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 How Can You Buy Dogecoin On Okx
difference in between the stop and the entry alright and that’s going to provide us the quantity of tokens that we require to buy 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 dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount fine so that indicates 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 cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize 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 difficult okay so let’s go over to purchase bit here let’s say we wish 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 view what happens when we open our leverage okay and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is altering absolutely nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description all right weekly we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re selecting 3 winners a week fine we’re attempting to offer the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can have a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the rules that I would recommend using when growing a little account alright so the very first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 up to 200 fine you wish 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 till we scale our account up a bit bigger the third thing and this is extremely crucial is everyone has a mental threshold when it concerns 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 mathematics says you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly want to avoid till you come comfy doing that all right so say you work your way approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that pull back to fifty dollars per trade pick that repaired quantity as soon as you wish to protect your capital and simply select an objective daily on
the cash that you want to make when 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 3 to 5 thousand dollars each week so I’m utilizing you know about 2.5 percent of my entire account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you know a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings fine 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 reveal you one of the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is find an area where I have actually a newly established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the method we can search for the top of five is by using a Fibonacci projection 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 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 cost action boils down through