With low exchange fees. Can I Sell On Okx … With an account at, you can easily buy crypto using a card, bank account, or mobile wallet. It also provides extremely high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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 produce an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
also supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 insufficient space to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 qualify for discount rates.
One huge drawback of is that it doesn’t disclose costs 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.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal details prior to continuing. If you unintentionally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t generally face with conventional banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These include using strong passwords special to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for most consumer possessions. It likewise has deals 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 outside of 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 meaning that if we’re wrong and it continues moving down we’re offering our position and that we want to take revenue at this level what we want to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar amount threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Can I Sell On Okx
distinction in between the stop and the entry alright which’s going to offer us the quantity of tokens that we require to buy in order to risk just 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar amount fine so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here fine 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 enter into this position when we’re utilizing leverage the only thing it’s altering is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize okay 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 alright 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 watch what happens when we open our leverage fine and you’re gon na get this warning that the liquidation is high okay 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 right thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the threat profile on the trade alright if you plan on trading anyways use 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 automatically gone into to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re attempting to offer the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to discuss the rules that I would advise using when growing a small account okay so the very first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 up to 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is incredibly crucial is everyone has a psychological limit 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 math states you’re going to begin feeling a little bit emotional about the trades and that’s something that you actually wish to prevent up until you come comfy doing that fine so say you work your method up to 200 to 500 to a thousand alright and then 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 choice that repaired amount as soon as you want to preserve your capital and just select an objective per day on
the cash that you wish to make when you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you know I like to make 3 that 3 to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my whole 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 go up to a thousand shot to make three to five thousand per trade and try to double my earnings okay 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 fine however what I wish to do is discover an area where I have a freshly developed uptrend first thing that I wish to do is recognize my wave count all right so if this is our start
first pullback is two largest waves as much as 3 pullback is 4 and then the high is 5 and the way 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 value I’m gon na click here click back here and after that find my factor 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 go up to the high of one if our rate action boils down through