With low exchange charges. Can You Get Safemoon On Okx … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or saving functions, it also provides remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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 concerns.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin loaning, 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing 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 might receive discount rates. Futures, choices, and swaps have their own rate schedules with differing charges.
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 red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check deal information before proceeding. You likely will not recover any funds if you inadvertently send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t generally confront with traditional banking platforms. However, the very best practices for keeping your monetary accounts secure 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 many customer assets. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
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 and that we wish to take profit at this level what we wish to do is discover the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can You Get Safemoon On Okx
difference in between the entry and the stop fine and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of just 10 dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never going to have the ability to dial in our danger 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 quantity 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 quantity of coins and increase it by the entry cost which is this level here fine so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have 10 thousand dollars to utilize all right since if we only had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account that makes it impossible alright so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right 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 up our utilize alright 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 risking that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is altering absolutely nothing about the threat profile on the trade fine if you intend on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re picking three winners a week okay we’re attempting to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you men trading with us link is below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a little account all right so the very first rule is start with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk alright each time you double the account so when you go to 100 up to 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there until we scale our account up a little bit bigger the third thing and this is extremely important is everyone has a mental limit when it pertains to how much cash they’re comfortable risking 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 math states you’re going to begin feeling a little bit emotional about the trades which’s something that you really wish to avoid until you come comfortable doing that alright so say you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that fixed amount when you wish to protect your capital and simply choose a goal per day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m utilizing 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 shot to make 3 to five thousand per trade and try to double my earnings alright 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 in fact in Dubai alright but what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is 4 and after that the high is 5 and the way we can search for the top of 5 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 discover 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 go up to the high of one if our rate action boils down through