With low exchange costs. Okx Polska … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site 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 works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
Supports margin loaning, making cryptocurrency through staking and 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 not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into various prices tiers that vary based on 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 receive discounts. Swaps, futures, and choices have their own rate schedules with differing costs.
One huge drawback of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed expense information are a red flag that may send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely won’t recuperate any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not generally confront with traditional banking platforms. However, the best practices for keeping your financial accounts secure are comparable. These include using strong passwords distinct 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 properties. It also 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 registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 selling our position and that we want to take revenue at this level what we wish to do is discover the distinction in between these worths which’s going to give 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 Polska
distinction in between the entry and the stop alright which’s going to provide us the quantity of tokens that we require to buy in order to run the risk of only ten dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have actually that set dollar amount okay so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that suggests now I have ten thousand dollars to use fine because if we only had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult fine so let’s go over to purchase bit here let’s say we wish to take this ape trade here all right we need 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 alright and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking 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 whole account okay so this leverage capability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the referral Link in the description all right each week we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars each week we’re selecting three winners a week alright we’re attempting to give the costs that we’re gathering from the affiliate program back into the community for you guys trading with us connect is listed below you can check out our Discord where we announce the winners okay prior to we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would advise using when growing a little account all right so the very first rule is begin with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk fine each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is incredibly essential is everyone has a mental threshold when it concerns how much cash they’re comfortable risking 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 says you’re going to start feeling a bit emotional about the trades which’s something that you truly want to prevent till you come comfy doing that fine so say you work your method as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and just pick an objective per day on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly 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 then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my earnings alright so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai all right however what I want to do is discover a location where I have a recently established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
very first pullback is two largest waves as much as 3 pullback is four and then the high is 5 and the way we can search for 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 then find my aspect 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 comes down through