With low exchange fees. Okx Based … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also uses exceptionally high yields in many cases when participating in staking or conserving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
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likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 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
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 receive discounts. Swaps, futures, and choices have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, covert expense details are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction details before continuing. If you unintentionally send funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically confront with traditional banking platforms. Nevertheless, the best practices for keeping your monetary accounts secure are similar. These include utilizing 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, including freezer for many customer properties. It likewise has offers additional functions 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’ve 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 which we want to take earnings at this level what we want to do is discover the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Based
difference in between the entry and the stop fine and that’s going to offer us the amount of tokens that we require to buy in order to run the risk of just ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar amount okay so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright 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 enter this position when we’re using utilize the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have 10 thousand dollars to use all right because if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it difficult all right so let’s go over to buy bit here let’s state 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 see what occurs when we open up our utilize all right 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 running the risk of that 10 dollars you are safe and you’re doing the right thing alright so now only thing that we require to utilize 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 threat profile on the trade alright if you plan on trading anyways use the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly entered to win a hundred dollars weekly we’re picking three winners a week okay we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would recommend using when growing a small account all right so the first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 up to 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a bit bigger the 3rd thing and this is super essential is everyone has a psychological threshold when it pertains to how much cash 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 says you’re going to start feeling a little bit emotional about the trades which’s something that you really want to prevent till you come comfy doing that all right so state you work your way as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that back down to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and just select a goal each day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to five thousand dollars each week so I’m utilizing you understand 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 shot to make three to five thousand per trade and attempt to double my earnings alright so let’s enter into the bread and butter of the actual 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 reveal you one of the setups that I had on xrp when I was in fact in Dubai fine but what I wish to do is find an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
first pullback is two biggest waves up to three pullback is four and after that the high is 5 and the method we can look for 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 then 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 price action boils down through