With low exchange fees. Can I Transfer Bitcoin To Okx For Free … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 insufficient space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different prices 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 may get approved for discount rates. Futures, options, and swaps have their own rate schedules with varying costs.
One huge disadvantage of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally confront with traditional banking platforms. However, the very best practices for keeping your financial accounts safe and secure 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, including cold storage for many consumer assets. It also has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple 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.
wished to buy 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 distinction between these values and that’s going to offer 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 Can I Transfer Bitcoin To Okx For Free
distinction between the stop and the entry all right and that’s going to provide us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar amount alright so that implies that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and increase 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 give us 587 dollars then we require to be able to enter this position when we’re using take advantage of 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 utilize a 100x utilize that indicates now I have 10 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 cash worth of our account that makes it difficult okay so let’s visit buy 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 happens when we open our leverage all right and you’re gon na get this warning that the liquidation is high fine 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 ideal thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you intend on trading anyways use the recommendation Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to offer the fees that we’re gathering from the affiliate program back into the community for you people trading with us link is below you can check out our Discord where we reveal the winners alright 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 suggest using when growing a little account alright so the very first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everybody has a mental limit when it comes to just how much money they’re comfortable running the risk of 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 start feeling a bit emotional about the trades and that’s something that you actually want to avoid until you come comfy doing that okay so say you work your method approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that fixed quantity when you want to preserve your capital and just choose an objective daily on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make 3 that three to 5 thousand dollars per week so I’m using you know about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and after that I’ll increase it you understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings okay so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai alright but what I wish to do is discover an area where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is two largest waves as much as three pullback is 4 and after that the high is 5 and the method we can try to find the top of five is by using a Fibonacci forecast 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 factor 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