With low exchange charges. What Does Post Only Mean On Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also offers incredibly high yields in some cases when participating in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can create an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
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 inadequate 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 upon trade volume and account holdings. For area 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. Choices, swaps, and futures have their own rate schedules with varying fees.
One huge downside of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so constantly double-check deal details before continuing. You likely won’t recover any funds if you mistakenly send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not typically confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are similar. These consist of using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for most consumer properties. It likewise has offers extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 profit at this level what we want to do is find the distinction in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the What Does Post Only Mean On Okx
difference in between the stop and the entry okay and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount fine so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have 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 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 just how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account which makes it impossible all right so let’s go over to purchase bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high okay 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 ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to give 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 have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I wish to go over the guidelines that I would advise using when growing a little account fine so the first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit larger the 3rd thing and this is incredibly important is everybody has a mental limit when it comes to 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 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit psychological about the trades which’s something that you really want to prevent until you come comfortable doing that alright so say you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade choice that repaired amount when you want to protect your capital and simply select an objective per day on
the money that you wish to make once you get up to a comfy 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 entire account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you know a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income all right so let’s get into 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 actually 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 discover a location where I have a newly developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
very first pullback is 2 largest waves approximately three pullback is four and after that the high is 5 and the way we can try to find 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 on this link click back here and after that discover my factor 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 price action boils down through