With low exchange charges. Trading Fees Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving features, it also offers exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can develop 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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also supports margin borrowing, earning 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list 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
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 certify for discounts.
One big drawback of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, concealed cost details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you mistakenly send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not normally confront with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for the majority of client assets. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond 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.
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 selling our position which we wish to take revenue at this level what we want to do is find the distinction between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk 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 Trading Fees Okx
distinction between the stop and the entry okay and that’s going to give us the amount of tokens that we need to purchase in order to run the risk of only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here alright 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 altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use okay since if we only had a hundred dollar account alright this 587 is currently 5x the size of our money value of our account that makes it impossible all right so let’s visit buy bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up 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 fine 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 take advantage of ability is changing absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description fine weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing 3 winners a week alright we’re trying to give the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link 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 utilize to start taking these trades I wish to review the rules that I would recommend using when growing a little account alright so the first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a bit bigger the 3rd thing and this is super important is everybody has a psychological threshold when it concerns 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 mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you truly wish to avoid until you come comfy doing that okay so say you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount as soon as you want to protect your capital and simply select an objective per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make three that 3 to five thousand dollars each week so I’m utilizing you know 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 move up to a thousand shot to make 3 to 5 thousand per trade and try to double my income fine so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai fine however what I wish to do is discover a location where I have actually a newly established uptrend first thing that I want to do is determine my wave count okay so if this is our start
first pullback is 2 largest waves as much as 3 pullback is four and after that the high is five and the way we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that find 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 cost action boils down through