With low exchange fees. Okx Rzeszów … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or saving functions, it likewise uses incredibly high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website declares 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 develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
Supports margin borrowing, 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 primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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 large holding in the OKB currency might qualify for discounts.
One big disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information before continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with conventional banking platforms. The best practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords special 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 properties. It also has deals additional functions like the capability to establish 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 registered for another cryptocurrency exchange or stock exchange brokerage account, you will discover a familiar experience at OKX.
wanted 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 offering our position and that we wish to take profit at this level what we wish to do is find the difference between these worths which’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Rzeszów
difference in between the entry and the stop okay and that’s going to provide us the amount of tokens that we need to buy in order to run the risk of only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our risk benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we need to take the amount of coins and multiply it by the entry price 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 offer us 587 dollars then we require to be able to enter into this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have ten thousand dollars to use fine due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account which makes it impossible okay so let’s visit purchase bit here let’s say we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our utilize fine and you’re gon na get this caution 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 10 dollars you are safe and you’re doing the ideal thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the risk profile on the trade fine if you intend on trading anyways use the recommendation Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re selecting 3 winners a week fine we’re attempting to give the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise utilizing when growing a small account all right so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the 3rd thing and this is incredibly crucial is everybody has a mental limit when it concerns 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 mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you really want to avoid up until you come comfortable doing that fine so state you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to protect your capital and simply pick an objective per day on
the money that you wish to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m utilizing you learn 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 go up to a thousand try to make 3 to five thousand per trade and attempt to double my earnings okay so let’s get into the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was actually in Dubai alright but what I want to do is find an area where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is four and then the high is 5 and the method we can search for the top of five is by utilizing 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 then find my element 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 go up to the high of one if our rate action comes down through