With low exchange costs. Okx Take Profit … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or saving functions, it likewise provides exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional workplaces around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can create an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
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likewise supports margin loaning, making 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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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 vary 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. Options, swaps, and futures have their own rate schedules with differing fees.
One big drawback of is that it doesn’t disclose charges for withdrawals and deposits. While much of is transparent, covert cost details are a warning that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal information prior to continuing. You likely won’t recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally confront with traditional banking platforms. The finest practices for keeping your monetary accounts safe and secure are comparable. These include utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most consumer possessions. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 want to take earnings at this level what we wish to do is discover the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Take Profit
difference in between the entry and the stop fine which’s going to give us the quantity of tokens that we need to buy in order to risk 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 dial in our threat benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to provide us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s changing is just how much money we personally require 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 ten thousand dollars to use alright since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash worth of our account which makes it impossible fine so let’s go over to buy bit here let’s state we want to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our take advantage of fine and you’re gon na get this caution that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking 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 all right so this leverage ability is altering nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description okay each week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re picking three winners a week fine we’re attempting to provide the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can check out our Discord where we reveal the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to discuss the rules that I would advise using when growing a little account okay so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there till we scale our account up a little bit larger the third thing and this is extremely important is everyone has a mental limit when it comes to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to avoid until you come comfy doing that okay so state you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay you can walk that pull back to fifty dollars per trade pick that fixed quantity as soon as you want to protect your capital and simply pick an objective each day on
the cash that you want to make once 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 three to 5 thousand dollars per week so I’m utilizing you understand 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 understand a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my income all right so let’s enter the bread and butter 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right but what I want to do is find a location where I have actually a newly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our beginning
very first pullback is 2 biggest waves approximately 3 pullback is four and after that the high is 5 and the way we can look 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 after that discover my aspect 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 cost action boils down through