With low exchange costs. Telewizory Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it likewise provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you’re in an area that deals with OKX, you can create an account that provides you access to trade 343 spot currencies.
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Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 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 different rates tiers that vary 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 discount rates. Swaps, choices, and futures have their own rate schedules with differing costs.
One huge drawback of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you do not typically face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many client properties. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 selling our position and that we wish to take earnings at this level what we want 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 risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Telewizory Okx
difference in between the entry and the stop fine which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just ten dollars all right if we’re simply 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 not doing that you require to have actually that set dollar quantity fine so that means that in order to discover the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here okay 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 require to be able to enter into this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s go over to purchase bit here let’s say we want to take this ape trade here alright 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 utilize okay and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is altering absolutely nothing about the danger profile on the trade alright if you intend on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re selecting three winners a week fine we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can take a look at our Discord where we announce the winners alright prior to 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 recommend utilizing when growing a little account alright so the first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and utilize that there up until we scale our account up a little bit bigger the third thing and this is super important is everyone has a mental threshold when it concerns just how much cash they’re comfortable risking if I’m taking a look 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 psychological about the trades which’s something that you really want to avoid till you come comfy doing that all right so state you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to preserve your capital and just choose an objective per day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly so I’m using 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 shot to make three to five thousand per trade and attempt to double my earnings okay so let’s enter the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright however what I want to do is find an area where I have a freshly established uptrend first thing that I wish to do is recognize my wave count alright so if this is our beginning
first pullback is 2 biggest waves up to 3 pullback is 4 and then the high is five and the method we can search for the top of 5 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 after that find 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