With low exchange costs. Okx Dome Usdt … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When taking part in staking or saving functions, it likewise offers incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
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Supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different rates tiers that vary 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 varying costs.
One big downside of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually confront with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts protected are similar. These include utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of consumer assets. It also has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond 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 selling our position which we wish to take revenue at this level what we want to do is discover the difference between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Dome Usdt
distinction in 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 fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial 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 suggests that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and multiply it by the entry cost 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 offer us 587 dollars then we require to be able to enter into this position when we’re using utilize the only thing it’s changing is just how much money we personally need 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 10 thousand dollars to utilize alright since if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit purchase bit here let’s state we want 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 takes place when we open up our utilize fine and you’re gon na get this caution that the liquidation is high okay 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 right 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 capability is altering nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re picking 3 winners a week alright we’re trying to provide the fees that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would recommend using when growing a little account fine so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is incredibly essential is everybody has a mental limit when it pertains to just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math states you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to avoid up until you come comfy doing that all right so state you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can walk that back down to fifty dollars per trade pick that fixed quantity once you wish to maintain your capital and just pick an objective each day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars each week so I’m utilizing 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 know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings alright 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 actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai alright however what I want to do is discover a location where I have a recently established uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
very first pullback is two biggest waves approximately three pullback is four and after that the high is 5 and the way we can search for 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 on this link click back here and after that discover my factor 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 comes down through