With low exchange fees. Chia Okx … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
If you remain in an area that works with OKX, you can create an account that gives you access to trade 343 area currencies.
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Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. could 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 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 prices 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 may qualify for discount rates. Futures, alternatives, and swaps have their own rate schedules with varying fees.
One huge disadvantage of is that it does not reveal costs for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you don’t normally face with standard banking platforms. Nevertheless, the very best practices for keeping your monetary accounts safe are similar. These consist of utilizing 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 cold storage for most client properties. It likewise has offers additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody 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 significance that if we’re wrong and it continues moving down we’re offering our position which we want to take revenue at this level what we wish to do is discover the difference in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity threat we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Chia Okx
difference in between the stop and the entry okay and that’s going to provide us the amount of tokens that we require to purchase in order to risk just ten dollars okay if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have actually that set dollar amount all right so that suggests 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 cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter into this position when we’re utilizing leverage the only thing it’s altering is just how much money we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to utilize all right 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 okay so let’s go over to purchase bit here let’s say we wish to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open our leverage okay and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing alright so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re picking 3 winners a week alright we’re trying to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you men trading with us connect is 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 utilize to start taking these trades I wish to discuss the guidelines that I would suggest using when growing a little account alright so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 all right 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 use that there till we scale our account up a little bit larger the 3rd thing and this is incredibly crucial is everybody has a mental threshold when it comes to how much money they’re comfortable running the risk of 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 math says you’re going to begin feeling a bit psychological about the trades and that’s something that you actually wish to avoid until you come comfy doing that okay so say you work your way up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that pull back to fifty dollars per trade choice that repaired quantity once you want to protect your capital and just pick an objective per day on
the money that you want to make when you get up to a comfortable threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to five thousand dollars weekly so I’m using you understand 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 3 to 5 thousand per trade and attempt to double my earnings okay so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the marketplaces with for the past couple months that have 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 alright however what I want to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count fine so if this is our start
first pullback is two biggest waves as much as 3 pullback is four and then the high is 5 and the way we can search for the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find my factor 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 go up to the high of one if our price action comes down through