With low exchange charges. Aptos Okx … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
If you’re in a location that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
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Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note 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
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discount rates.
One huge disadvantage of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details before continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords distinct 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 cold storage for a lot of consumer possessions. It also has offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond 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 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 find the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Aptos Okx
distinction in between the entry and the stop alright which’s going to provide us the amount of tokens that we need to buy in order to run the risk of only ten dollars fine if we’re just going in with 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 absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide 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 how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that implies now I have ten thousand dollars to utilize all right since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it difficult fine 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 up our take advantage of okay and you’re gon na get this warning that the liquidation is high fine 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 best thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account all right so this leverage ability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize the referral Link in the description alright weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re choosing three winners a week all right we’re attempting to offer the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can check out 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 review the guidelines that I would suggest using when growing a small account fine so the very first guideline is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger all right each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a bit bigger the third thing and this is super important is everybody has a mental threshold when it pertains to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three 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 actually wish to avoid until you come comfy doing that fine so state you work your method up to 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount as soon as you want to maintain your capital and simply choose a goal daily on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars weekly so I’m using you know 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 go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income alright so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai fine however what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 largest waves up to 3 pullback is 4 and then the high is 5 and the method 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 value 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 increase to the high of one if our rate action comes down through