With low exchange fees. Can I Use Credit Card On Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving features, it also provides exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that provides you access to trade 343 area currencies if you’re in an area that works with OKX.
also supports margin borrowing, earning 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 use 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 inadequate room to note them all in our OKX evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
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 disadvantage of is that it does not reveal charges for withdrawals and deposits. 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 usually one-way and can’t be reversed, so always double-check deal information prior to proceeding. You likely won’t recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally face with conventional banking platforms. The best practices for keeping your financial accounts secure are similar. These include using strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many consumer possessions. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 which we wish to take earnings at this level what we wish to do is discover the difference in between these values which’s going to give us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Can I Use Credit Card On Okx
difference between the entry and the stop all right which’s going to offer us the quantity of tokens that we require to purchase in order to risk just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount all right so that implies that in order to find the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here all right 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 require to be able to enter into this position when we’re using leverage the only thing it’s altering is how much money we personally need 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 10 thousand dollars to utilize all right due to the fact that if we only had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account that makes it difficult fine so let’s go over to buy bit here let’s state we want 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 occurs when we open our utilize okay and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the best thing all right 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 utilize capability is changing absolutely nothing about the threat profile on the trade all right if you plan on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars weekly we’re picking three winners a week alright we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we announce the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would suggest utilizing when growing a small account alright so the very first rule is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 fine you wish 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 everybody has a psychological threshold when it comes to just how much cash they’re comfortable risking 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 start feeling a little bit psychological about the trades and that’s something that you truly wish to avoid up until you come comfortable doing that alright 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 excessive for you all right you can stroll that back down to fifty dollars per trade choice that fixed quantity as soon as you wish to maintain your capital and simply pick a goal each day on
the money that you wish to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you know I like to make 3 that 3 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 know a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai alright however what I wish to do is find a location where I have a newly developed uptrend first thing that I want to do is recognize my wave count alright so if this is our start
first pullback is two largest waves approximately 3 pullback is four and then the high is five and the way we can search for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my factor of one and you can see the price 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 price action boils down through