With low exchange fees. Buy Chia On Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. It likewise offers exceptionally high yields in many cases when taking part in staking or saving functions.
was founded in 2017 and preserves a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
You can develop an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates 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 get approved for discount rates. Futures, choices, and swaps have their own rate schedules with differing costs.
One huge downside of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, surprise expense information are a red flag that might send you to another exchange with transparent cost schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually confront with traditional banking platforms. The best practices for keeping your financial accounts safe are comparable. These consist of utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for a lot of customer possessions. It likewise has offers extra features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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.
wanted to buy 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 and that we wish to take profit at this level what we wish to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar amount danger 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 Buy Chia On Okx
difference between the entry and the stop all right and that’s going to provide us the amount of tokens that we need to purchase in order to risk just ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar quantity alright so that implies 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 increase it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we need to be able to enter into this position when we’re using utilize the only thing it’s changing is just how much cash we personally need 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 all right due to the fact that if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s visit purchase 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 view what takes place when we open up our leverage alright and you’re gon na get this warning that the liquidation is high alright 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 ideal thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this leverage ability is changing nothing about the danger profile on the trade all right if you plan on trading anyways use the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars per week we’re picking three winners a week okay we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we announce the winners all right before we hop into the trading system that you can use to begin taking these trades I want to go over the guidelines that I would recommend utilizing when growing a little account fine so the first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk all right each time you double the account so when you go to 100 approximately 200 alright you wish 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 up until we scale our account up a little bit bigger the 3rd thing and this is super crucial is everyone has a mental threshold when it pertains to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three 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 actually wish to avoid up until you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade pick that fixed quantity when you wish to preserve your capital and simply pick a goal each day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m using you understand 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings all right so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces 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 actually in Dubai okay but what I wish to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
very first pullback is 2 largest waves up to three pullback is four and then the high is five and the method we can search for the top of five is by using 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 factor of one and you can see the cost 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