With low exchange costs. Can I Use My Credit Card On Okx … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. It likewise provides extremely high yields sometimes when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The site 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 gives you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough 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 large holding in the OKB currency may certify for discounts.
One big disadvantage of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, concealed expense details are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check deal details prior to proceeding. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security issues you don’t generally face with traditional banking platforms. Nevertheless, the best practices for keeping your financial accounts safe and secure are comparable. These include utilizing strong passwords distinct 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 most customer properties. It likewise has offers extra functions like the capability 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. You will discover a familiar experience at OKX if you’ve 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 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 distinction in between these worths which’s going to give us.057 then we’re going to take the dollar amount threat 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 Can I Use My Credit Card On Okx
difference between the stop and the entry all right which’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just 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 absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of money 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 okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing 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 10 thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it impossible all right so let’s visit purchase bit here let’s say we wish 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 see what happens when we open our take advantage of 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 risking that ten dollars you are safe and you’re doing the ideal thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing 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 anybody trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re selecting 3 winners a week okay we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would suggest utilizing when growing a small account all right so the very first rule is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger all right each time you double the account so when you go to 100 as much as 200 fine 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 up until we scale our account up a bit larger the 3rd thing and this is very essential is everyone has a mental limit when it pertains to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the math says you’re going to start feeling a bit psychological about the trades which’s something that you truly want to prevent till you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can walk that back down to fifty dollars per trade choice that repaired amount when you wish to maintain your capital and just choose a goal each day on
the cash that you wish to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make 3 that three to five thousand dollars weekly so I’m utilizing you understand 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and attempt to double my income fine so let’s enter into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have actually definitely 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 fine however what I wish to do is find a location where I have actually a newly established uptrend first thing that I wish to do is determine my wave count alright so if this is our start
very first pullback is 2 largest waves as much as three pullback is 4 and then the high is 5 and the method we can search for 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 find my aspect 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 cost action comes down through