With low exchange charges. Okx Partners … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It also uses exceptionally high yields in some cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
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likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might 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 inadequate 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 pricing tiers that differ based on trade volume and account holdings. For area 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, alternatives, and swaps have their own rate schedules with varying charges.
One big downside of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely won’t recuperate any funds if you unintentionally send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not usually face with conventional banking platforms. However, the very best practices for keeping your monetary accounts secure are comparable. These consist of utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most customer possessions. It likewise has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find 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 revenue at this level what we wish to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar quantity threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Partners
difference between the stop and the entry okay which’s going to provide 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 ever going to be able to call in our danger 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 quantity fine so that indicates that in order to discover the capital requirement or the amount of cash that we need 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 offer us 587 dollars then we require to be able to get into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that indicates now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account that makes it impossible all right so let’s go over to purchase bit here let’s say we want 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 enjoy what occurs when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high all right 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 best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is changing absolutely nothing about the threat profile on the trade alright if you intend on trading anyways utilize the referral Link in the description fine each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week all right we’re attempting to provide the costs 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 reveal the winners okay before we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would recommend using when growing a small account all right so the very first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger fine each time you double the account so when you go to 100 approximately 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the 3rd thing and this is very essential is everybody has a psychological limit when it comes to just how much money they’re comfortable running the risk of 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 mathematics states you’re going to begin feeling a bit emotional about the trades which’s something that you really want to avoid up until you come comfortable doing that okay so say you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and simply select a goal daily on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you know I like to make three that 3 to 5 thousand dollars weekly 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 then I’ll increase it you know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings alright 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 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 okay however what I want to do is find an area where I have a freshly established uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as 3 pullback is 4 and then the high is five and the way 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 then discover my element of one and you can see the rate 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 rate action boils down through