With low exchange charges. Can I Use Okx In India … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also offers extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
The site declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can produce an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
Supports margin loaning, earning cryptocurrency through staking and cost 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note them all in our OKX review. 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 big holding in the OKB currency might certify for discounts.
One big disadvantage of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, covert cost information are a warning that might send you to another exchange with transparent cost schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. You likely will not recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you don’t normally face with traditional banking platforms. The best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of client possessions. It likewise has deals 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 beyond 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 significance that if we’re wrong and it continues moving down we’re selling our position and that we wish to take revenue at this level what we wish to do is discover the difference in between these worths which’s going to provide us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Can I Use Okx In India
difference in between the entry and the stop alright and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that means that in order to discover the capital requirement or the quantity of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry price 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 get into this position when we’re utilizing leverage the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have ten thousand dollars to utilize okay since if we only had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it difficult all right so let’s go over to buy 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 watch what happens when we open our leverage okay 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 10 dollars you are safe and you’re doing the right thing fine so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account fine so this take advantage of capability is changing nothing about the risk profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars per week we’re choosing 3 winners a week fine we’re trying to give the costs that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can check out our Discord where we reveal 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 using when growing a small account all right so the very first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 as much as 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 till we scale our account up a bit larger the 3rd thing and this is extremely crucial is everybody has a psychological limit 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 begin feeling a little bit emotional about the trades and that’s something that you really wish to avoid until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that pull back to fifty dollars per trade pick that fixed quantity when you want to protect your capital and simply pick a goal each day on
the money that you wish to make when you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m utilizing you know 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 know a couple years from now move up to a thousand shot to make three to five thousand per trade and attempt to double my income alright 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 definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is find a location where I have a newly established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is two biggest waves as much as three pullback is four 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 worth I’m gon na click here click back here and after that find my element 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 increase to the high of one if our price action comes down through