With low exchange charges. How Long Can I Hold Litecoin On Okx Pro … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also provides incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
1
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance concerns.
If you’re in an area that works with OKX, you can create an account that provides you access to trade 343 area currencies.
1
Supports margin loaning, making 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.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different pricing tiers that differ 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 large holding in the OKB currency may qualify for discounts. Options, swaps, and futures have their own rate schedules with varying charges.
One huge drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, hidden cost information 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 deal information before proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally confront with conventional banking platforms. The finest practices for keeping your financial accounts secure are similar. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of client assets. It also has deals additional functions like the capability to establish 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 discover a familiar experience at OKX.
wanted to purchase 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 which we wish to take profit at this level what we wish to do is discover the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the How Long Can I Hold Litecoin On Okx Pro
difference in between the entry and the stop alright and that’s going to give us the quantity of tokens that we need to purchase in order to risk just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability 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 actually that set dollar quantity okay so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we have to take the amount 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 multiplied by 3.35 which’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 just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to utilize fine since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account that makes it difficult alright so let’s go over to 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 view what takes place when we open up our take advantage of alright and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is changing 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 instantly entered to win a hundred dollars per week we’re selecting 3 winners a week okay we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can utilize to begin taking these trades I wish to review the guidelines that I would recommend using when growing a little account okay so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is incredibly essential is everybody has a psychological threshold when it pertains to just 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 three trades in a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit psychological about the trades which’s something that you really want to avoid till 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 which’s excessive for you all right you can walk that back down to fifty dollars per trade pick that repaired quantity when you wish to preserve your capital and just pick a goal daily on
the money that you want to make once you get up to a comfy limit where it’s fitting your earnings objectives so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m using 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my income fine so let’s enter 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 absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai alright but what I wish to do is discover an area where I have a freshly developed uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
very first pullback is 2 biggest waves up to three pullback is four and then the high is five and the method we can try to find the top of five is by using 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 then find my element of one and you can see the cost 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 price action boils down through