With low exchange fees. What Is The Countdown On Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also provides extremely high yields sometimes when participating in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can produce an account that gives you access to trade 343 spot currencies if you’re in an area that works with OKX.
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Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might 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 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 large holding in the OKB currency may qualify for discount rates.
One huge drawback of is that it doesn’t divulge charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that may 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 deal details before continuing. You likely will not recover any funds if you accidentally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t usually confront with conventional banking platforms. However, the very best practices for keeping your financial accounts safe and secure are similar. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of consumer assets. It also has offers extra functions like the ability 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 discover a familiar experience at OKX if you have actually 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we want to take profit at this level what we want to do is discover the difference in between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the What Is The Countdown On Okx
difference in between the stop and the entry alright which’s going to give us the quantity of tokens that we need to buy in order to risk only ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar amount alright so that indicates that in order to discover the capital requirement or the quantity of money that we require for this trade we have to take the quantity of coins and multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using take advantage of the only thing it’s altering is how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to use all right due to the fact that if we only had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account which makes it impossible alright so let’s visit purchase bit here let’s state we wish to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our leverage okay and you’re gon na get this warning that the liquidation is high all right 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 use for this position is twelve dollars which is 12 of our entire account fine so this take advantage of ability is changing nothing about the threat profile on the trade alright if you plan on trading anyways utilize the referral Link in the description okay every week 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 picking three winners a week alright we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us link is below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can use to begin taking these trades I want to discuss the rules that I would recommend utilizing when growing a little account alright so the first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 approximately 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a little bit bigger the 3rd thing and this is very crucial is everyone has a mental threshold when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a bit psychological about the trades which’s something that you really want to prevent up until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you okay 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 just choose an objective daily on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that 3 to five thousand dollars each week so I’m using you learn about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then I’ll increase it you understand a couple years from now go up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine so let’s enter the support of the actual trading this is a system that I have actually been trading the marketplaces 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 okay but what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is recognize my wave count alright so if this is our start
first pullback is 2 biggest waves approximately 3 pullback is four and then the high is 5 and the method we can try to find the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that 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