With low exchange fees. Okx 邀請碼 … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or conserving features, it likewise uses extremely high yields in some cases.
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 website declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can develop an account that gives you access to trade 343 spot currencies.
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Supports margin borrowing, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX evaluation. 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
breaks currencies down into various prices 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 large holding in the OKB currency might qualify for discount rates. Swaps, alternatives, and futures have their own rate schedules with differing fees.
One big disadvantage of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, hidden cost details are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you accidentally send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t generally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for the majority of consumer possessions. 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 anybody outside of the United States. You will find 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 revenue at this level what we want to do is discover the difference between these values and that’s going to offer us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx 邀請碼
distinction between the entry and the stop fine which’s going to offer us the quantity of tokens that we require to buy in order to run the risk of only 10 dollars fine 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 threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity all right so that indicates that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here all right 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 this position when we’re utilizing take advantage of the only thing it’s changing is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x take advantage of that implies now I have ten thousand dollars to utilize okay since if we just had a hundred dollar account all right 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 state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage okay and you’re gon na get this caution that the liquidation is high alright 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 all right so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this utilize ability is altering absolutely nothing about the risk profile on the trade okay if you intend on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re selecting three winners a week all right we’re trying to provide the costs that we’re gathering from the affiliate program back into the community for you people trading with us link is listed below you can have a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would suggest utilizing when growing a small account all right so the very first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a bit larger the third thing and this is extremely crucial is everybody has a mental limit when it comes to how much money they’re comfortable risking 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 says you’re going to begin feeling a bit emotional about the trades which’s something that you truly want to avoid up until you come comfortable doing that all right so state you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade choice that repaired amount once you want to maintain your capital and simply select a goal daily on
the cash 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 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 move up to a thousand try to make three to five thousand per trade and try to double my income okay so let’s enter the support of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai all right however what I wish to do is discover an area where I have a newly developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
first pullback is 2 largest waves approximately three pullback is four and after that the high is five and the way we can try to find the top of 5 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 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