With low exchange charges. Okx Order Price … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When participating in staking or saving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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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.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
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likewise supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 inadequate space 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 may qualify for discounts.
One big disadvantage of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden expense information are a warning 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 prior to continuing. If you mistakenly send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you don’t usually confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are similar. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of customer assets. It also has offers 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. 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 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 selling our position which we want to take earnings at this level what we wish to do is discover the difference between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat 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 Order Price
distinction in between the entry and the stop alright which’s going to offer us the amount of tokens that we need to purchase in order to risk just ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity all right so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the amount 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 increased by 3.35 and that’s going to provide 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 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 means now I have 10 thousand dollars to use fine due to the fact that if we only had a hundred dollar account all right this 587 is already 5x the size of our money value of our account that makes it impossible alright so let’s visit purchase bit here let’s say we wish 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 view what happens when we open our leverage fine and you’re gon na get this caution that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is altering nothing about the risk profile on the trade alright if you plan on trading anyways use the referral Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars per week we’re picking 3 winners a week all right we’re attempting to give the costs that we’re gathering from the affiliate program back into the community for you men trading with us link 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 suggest utilizing when growing a small account okay so the first rule is start with the dollar quantity danger 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 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and use that there up until we scale our account up a bit larger the third thing and this is extremely important is everybody has a psychological threshold when it comes to how much cash they’re comfortable running the risk of if I’m looking 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 start feeling a bit psychological about the trades and that’s something that you actually wish to avoid till you come comfy doing that all right so say you work your way as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that fixed quantity once you want to preserve your capital and simply choose 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 goals so for me personally you know I like to make three that three to 5 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 know a couple years from now go up to a thousand try to make three to five thousand per trade and attempt to double my earnings fine so let’s get into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely 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 but what I want to do is discover a location where I have actually a newly developed uptrend first thing that I wish to do is identify my wave count alright so if this is our start
very first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the method we can look 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 discover 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 cost action boils down through