With low exchange costs. Copy Trade Okx … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving functions, it also offers remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
You can create an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
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Supports margin borrowing, earning 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate 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
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may certify for discount rates.
One big drawback of is that it doesn’t divulge costs for deposits and withdrawals. While much of is transparent, hidden expense details are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction details before continuing. You likely will not recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not usually face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of client assets. It also has offers additional functions like the capability to establish 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.
wanted to buy 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 profit at this level what we wish to do is discover the difference between these values and that’s going to provide us.057 then we’re going to take the dollar quantity risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Copy Trade Okx
difference between the entry and the stop fine and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to have the ability to call in our risk benefit and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have that set dollar quantity okay so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much money we personally need to take 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 all right because if we just had a hundred dollar account fine this 587 is currently 5x the size of our cash worth of our account which makes it impossible all right so let’s visit purchase bit here let’s state we want 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 see what takes place when we open our utilize okay and you’re gon na get this warning that the liquidation is high okay 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 all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account okay so this take advantage of capability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars weekly we’re choosing three winners a week fine we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you guys trading with us link is below you can check out our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to review the guidelines that I would suggest utilizing when growing a little account alright so the very first rule is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat fine each time you double the account so when you go to 100 approximately 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a bit larger the 3rd thing and this is extremely important is everyone has a mental threshold when it pertains to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the math states you’re going to start feeling a little bit psychological about the trades and that’s something that you really want to avoid up until 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 and that’s too much for you fine you can walk that pull back to fifty dollars per trade choice that fixed amount once you wish to protect your capital and just choose a goal each day on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars per week 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 after that I’ll increase it you understand a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings okay so let’s enter the bread and butter 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 one of the setups that I had on xrp when I was really in Dubai okay however what I wish to do is find an area where I have a newly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is 4 and then the high is 5 and the way we can look for the top of five is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and after that discover my aspect 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 go up to the high of one if our cost action boils down through