With low exchange fees. Praca Warszawa Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It likewise offers exceptionally high yields in some cases when taking part in staking or conserving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims 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 create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
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also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 insufficient space to note them all in our OKX evaluation. 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 differ based upon 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 may receive discounts. Choices, futures, and swaps have their own rate schedules with varying fees.
One big downside of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, covert cost information are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal information before proceeding. You likely won’t recuperate any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t normally confront with standard banking platforms. However, the best practices for keeping your financial accounts protected are similar. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of customer properties. It likewise 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 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.
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 offering our position which we wish to take earnings at this level what we want to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity risk 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 Praca Warszawa Okx
difference between the stop and the entry okay and that’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of only ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our risk benefit and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you need to have that set dollar quantity alright so that means that in order to discover 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 all right 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 get into this position when we’re using utilize the only thing it’s changing 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 leverage that means now I have 10 thousand dollars to use fine since if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit purchase bit here let’s say 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 enjoy what happens when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high all right 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 whole account all right so this utilize capability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description alright every week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars each week we’re selecting 3 winners a week all right we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us connect is below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the guidelines that I would suggest utilizing when growing a little account fine so the first guideline is begin with the dollar amount risk 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 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 amount and utilize that there up until we scale our account up a little bit larger the third thing and this is very essential is everyone has a psychological limit when it concerns just how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you truly wish to avoid till you come comfortable doing that fine so say 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 too much for you alright you can stroll that back down to fifty dollars per trade pick that repaired quantity once you wish to maintain your capital and just choose 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 know I like to make three that 3 to 5 thousand dollars weekly so I’m using you understand 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and try to double my income okay so let’s enter the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have 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 but what I want to do is find an area where I have a newly established uptrend first thing that I wish to do is determine my wave count okay so if this is our start
very first pullback is 2 largest waves as much as three pullback is 4 and after that the high is five and the method we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my element of one and you can see the cost 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