With low exchange charges. Can You Buy Tron On Okx … With an account at, you can quickly purchase crypto using a card, checking account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices all over the world. 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 do not take users from the United States due to regulatory and compliance concerns.
If you’re in an area that deals with OKX, you can create an account that provides you access to trade 343 area currencies.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that vary 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 big holding in the OKB currency may receive discount rates. Futures, swaps, and choices have their own rate schedules with varying fees.
One huge disadvantage of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that might send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t usually face with conventional banking platforms. The best practices for keeping your monetary accounts secure are comparable. These include using strong passwords unique 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 cold storage for most client properties. It likewise has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find 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 offering our position and that we want to take revenue at this level what we wish to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk 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 Tron On Okx
distinction in between the stop and the entry alright which’s going to give us the quantity of tokens that we need to buy in order to run the risk of just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar amount okay so that indicates 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 multiply it by the entry rate which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that suggests now I have ten thousand dollars to use fine 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 okay 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 take advantage of okay and you’re gon na get this warning that the liquidation is high alright 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 okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account all right so this utilize capability is changing nothing about the danger profile on the trade okay if you intend on trading anyways use the recommendation Link in the description okay every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re selecting 3 winners a week fine we’re trying to offer the charges that we’re collecting 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 prior to we hop into the trading system that you can use to begin taking these trades I want to review the rules that I would suggest using when growing a small account okay so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar danger alright each time you double the account so when you go to 100 up to 200 alright 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 amount and utilize that there until we scale our account up a little bit bigger the 3rd thing and this is super crucial is everyone has a mental limit when it concerns how much money they’re comfortable risking if I’m looking 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 states you’re going to start feeling a bit emotional about the trades which’s something that you really want to prevent till you come comfortable doing that alright so say you work your way up to 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can stroll that pull back to fifty dollars per trade pick that fixed quantity when you wish to protect your capital and simply select a goal per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars each week so I’m using you learn about 2.5 percent of my whole 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 three to 5 thousand per trade and attempt to double my earnings 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 actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is find an area where I have actually a freshly established uptrend first thing that I wish to do is identify my wave count all right so if this is our beginning
first pullback is two largest waves approximately three pullback is four and after that 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 element 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 increase to the high of one if our cost action boils down through