With low exchange fees. Casper Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. It also uses exceptionally high yields in some cases when taking part in staking or saving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The site declares 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 gives you access to trade 343 spot currencies.
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Supports margin borrowing, earning 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 use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For spot 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 options have their own rate schedules with differing charges.
One huge disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recover any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you don’t normally face with conventional banking platforms. However, the best practices for keeping your monetary accounts safe are similar. These include using strong passwords distinct to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for the majority of customer possessions. 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 simple for anybody outside of the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to buy 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 want to take profit at this level what we want to do is find 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 risk per trade which in this case is ten dollars and we’re going to divide it by the Casper Okx
difference between the entry and the stop alright and that’s going to provide us the quantity of tokens that we need to purchase in order to risk just 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call 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 that set dollar quantity all right so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry price which is this level here all right 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 this position when we’re utilizing leverage 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 use a 100x utilize that means now I have ten thousand dollars to use okay because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account which makes it impossible alright 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 occurs when we open up our leverage okay and you’re gon na get this caution that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this leverage capability is altering nothing about the threat profile on the trade alright if you intend on trading anyways use the referral Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars each week we’re picking 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is below you can check out our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to review the guidelines that I would suggest utilizing when growing a small account fine so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 fine you wish to move that approximately 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 bit bigger the 3rd thing and this is incredibly crucial is everyone has a mental threshold when it comes to just 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 begin feeling a little bit psychological about the trades which’s something that you truly wish to avoid until you come comfy doing that fine so state you work your method as much as 200 to 500 to a thousand alright and after that 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 fixed amount as soon as you want to protect your capital and simply pick a goal each day on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars per week so I’m utilizing you learn about 2.5 percent of my whole 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 go up to a thousand shot to make three to 5 thousand per trade and try to double my income fine 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 actually absolutely 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 fine but what I want to do is find an area where I have a freshly developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is two biggest waves approximately three pullback is 4 and then the high is 5 and the way we can search for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my element of one and you can see the rate 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 boils down through