With low exchange costs. Can You Buy Crypto With A Credit Card On Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When getting involved in staking or saving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 regulatory and compliance issues.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
likewise supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space 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 various rates tiers that differ based on trade volume and account holdings. 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 receive discount rates. Choices, swaps, and futures have their own rate schedules with varying charges.
One big downside of is that it does not divulge costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not normally confront with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most customer possessions. It also has offers additional features like the ability 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 wish to take revenue at this level what we wish to do is find the difference between these values and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Can You Buy Crypto With A Credit Card On Okx
distinction in between the entry and the stop fine and that’s going to give us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar quantity alright so that indicates that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply 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 which’s going to give us 587 dollars then we need to be able to enter this position when we’re using take advantage of the only thing it’s altering is how much cash 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 suggests now I have ten thousand dollars to utilize alright because if we just had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s go over to purchase bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open our leverage alright and you’re gon na get this warning that the liquidation is high all right 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 right thing okay so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this leverage capability is altering nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars each week we’re picking three winners a week fine we’re attempting to provide the fees that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay 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 advise utilizing when growing a little account okay so the first rule is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk okay each time you double the account so when you go to 100 as much as 200 okay you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a bit bigger the third thing and this is extremely important is everybody has a mental threshold when it pertains to just how much money they’re comfortable running the risk of if I’m taking a look at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades which’s something that you really want to avoid until you come comfortable doing that all right so say 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 too much for you okay you can walk that back down to fifty dollars per trade choice that repaired quantity as soon as you want to maintain your capital and just select an objective daily on
the cash that you want to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 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 then I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my earnings alright so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is discover an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is 2 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 utilizing a Fibonacci forecast 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 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 rate action comes down through