With low exchange fees. How Can I Fund My Wirex Card From Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It also uses exceptionally high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices 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 nations. They don’t take users from the United States due to regulative and compliance concerns.
You can develop an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 space 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 pricing tiers that vary based on 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 receive discounts. Options, futures, and swaps have their own rate schedules with varying costs.
One big downside of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check deal information before proceeding. If you accidentally send out funds to the incorrect wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally face with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are similar. These consist of using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most consumer properties. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of the United States. You will find a familiar experience at OKX if you’ve 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 meaning that if we’re wrong and it continues moving down we’re offering our position which we wish to take profit at this level what we wish to do is find the difference between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the How Can I Fund My Wirex Card From Okx
difference in between the stop and the entry alright and that’s going to give us the amount of tokens that we require to buy in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re not doing that you require to have that set dollar quantity alright so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and increase it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that means now I have 10 thousand dollars to utilize alright since if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it difficult alright so let’s go over to purchase bit here let’s state we want to take this ape trade here fine we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what occurs when we open our utilize alright and you’re gon na get this warning that the liquidation is high alright 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 okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing absolutely nothing about the risk profile on the trade alright if you plan on trading anyways use the referral Link in the description okay each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re choosing 3 winners a week all right we’re trying to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can check out our Discord where we reveal the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise using when growing a little account fine 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 10 dollar threat fine each time you double the account so when you go to 100 as much as 200 okay you want 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 till we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it comes to how much cash they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit emotional about the trades and that’s something that you really wish 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 all right you can walk that pull back to fifty dollars per trade choice that fixed amount once you want to protect your capital and simply pick a goal daily on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars each week 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 after that I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my income alright so let’s enter into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is discover a location where I have actually a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves up to three pullback is 4 and after that the high is 5 and the method 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 worth I’m gon na click on this link click back here and then find my aspect 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 rate action boils down through