With low exchange fees. Okx How To Use Coupon … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It also provides incredibly high yields in some cases when participating in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulatory and compliance issues.
If you’re in an area that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
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also 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 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 insufficient room to list them all in our OKX evaluation. 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
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 qualify for discount rates.
One big downside of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, surprise cost details are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely won’t recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you don’t typically face with conventional banking platforms. However, the very best practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords distinct to every website 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 the majority of client properties. It likewise has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
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 want to take earnings at this level what we want to do is find the distinction between these values which’s going to provide us.057 then we’re going to take the dollar quantity risk 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 Okx How To Use Coupon
difference in between the entry and the stop okay which’s going to provide us the amount of tokens that we need to buy in order to run the risk of only 10 dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our threat reward and you’re going to definitely screw yourself so ensure that you’re not doing that you need to have that set dollar amount fine so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using utilize 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 utilize that suggests now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible okay so let’s visit buy bit here let’s state we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open up our take advantage of okay 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 ten dollars you are safe and you’re doing the right thing fine so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is changing nothing about the threat profile on the trade okay if you intend on trading anyways utilize the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re choosing three 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 link is listed below you can check out our Discord where we announce the winners fine before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would suggest using when growing a little account alright so the very first rule is start with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 as much as 200 alright you want to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit bigger the third thing and this is very essential is everybody has a psychological threshold when it pertains to just how much money 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 mathematics states you’re going to start feeling a little bit psychological about the trades and that’s something that you actually wish to prevent till you come comfortable doing that all right so state you work your way as much as 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that back down to fifty dollars per trade choice that fixed amount once you wish to preserve your capital and simply choose an objective each day on
the cash that you wish to make once you get up to a comfy threshold where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars each week so I’m utilizing 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 shot to make three to five thousand per trade and try to double my income all right so let’s get into the support of the real 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 actually in Dubai okay however what I wish to do is find an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is 4 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 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 increase to the high of one if our cost action boils down through