With low exchange fees. Chainlink Okx … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When participating in staking or saving functions, it likewise offers extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The website 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.
You can produce an account that gives you access to trade 343 area currencies if you’re in a location that works with OKX.
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likewise supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining 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 insufficient room to list them all in our OKX evaluation. There are 343 currencies on the exchange total.
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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 differ based upon 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 might receive discount rates. Futures, swaps, and options have their own rate schedules with varying costs.
One big drawback of is that it does not divulge fees 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 transactions are typically one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you mistakenly send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually face with conventional banking platforms. The best practices for keeping your financial accounts safe are comparable. These include utilizing strong passwords distinct to every website 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 a lot of consumer assets. It also 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. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 which we want to take profit at this level what we wish to do is find the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Chainlink Okx
difference between the stop and the entry okay which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of just 10 dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity okay so that implies that in order to discover the capital requirement or the quantity of cash that we need for this trade we have to take the quantity of coins and increase it by the entry rate which is this level here fine so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we require to be able to enter into this position when we’re utilizing utilize the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account okay this 587 is already 5x the size of our money value of our account that makes it impossible alright so let’s go over to buy bit here let’s state we wish 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 enjoy what takes place when we open our leverage all right and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring 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 fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this utilize ability is changing nothing about the risk profile on the trade okay if you plan 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 greater is
going to be instantly gone into to win a hundred dollars each week we’re picking 3 winners a week all right we’re trying to provide the costs 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 alright prior to we hop into the trading system that you can utilize to start taking these trades I want to review the guidelines that I would suggest using when growing a little account okay so the very first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit larger the third thing and this is extremely crucial is everybody has a psychological limit when it comes to just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math states you’re going to begin feeling a bit psychological about the trades which’s something that you truly wish to avoid till you come comfy doing that fine so state you work your method as much as 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed amount when you want to maintain your capital and simply pick an objective each 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 objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m utilizing you learn 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 know a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter 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 absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is discover an area where I have a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
first pullback is two largest waves approximately three pullback is 4 and then the high is five and the way we can look 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 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 increase to the high of one if our rate action comes down through