With low exchange fees. How To Find Your Balances Okx … With an account at, you can quickly buy crypto using a card, savings account, or mobile wallet. It also provides extremely high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and preserves a head office 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 website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
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also 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 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 inadequate room to note 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 different rates tiers that differ 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 get approved for discounts. Choices, futures, and swaps have their own rate schedules with varying costs.
One huge downside of is that it doesn’t disclose costs for deposits and withdrawals. While much of is transparent, surprise expense information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information before proceeding. You likely won’t recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords special 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 cold storage for most consumer possessions. It also has deals additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wanted 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 selling our position which we want to take revenue at this level what we want to do is find the difference in between these values which’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the How To Find Your Balances Okx
distinction in between the entry and the stop alright and that’s going to give us the quantity of tokens that we need to buy in order to risk only ten dollars alright if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the amount 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 provide us 587 dollars then we require to be able to enter 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 utilize a 100x utilize that indicates now I have 10 thousand dollars to utilize okay since if we only had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account which makes it difficult alright so let’s visit 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 watch what occurs when we open our take advantage of 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 running the risk of that 10 dollars you are safe and you’re doing the right thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize ability is changing absolutely nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars each week we’re picking three winners a week okay we’re trying to offer the charges that we’re collecting from the affiliate program back into the neighborhood for you guys 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 use to start taking these trades I wish to review the rules that I would advise utilizing when growing a little account okay so the very first guideline is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat alright each time you double the account so when you go to 100 up to 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit larger the third thing and this is extremely essential is everybody has a psychological threshold when it comes to how much cash 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 mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually wish to avoid until you come comfy doing that okay so state you work your method approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you all right you can stroll that pull back to fifty dollars per trade pick that repaired amount once you want to preserve your capital and just choose a goal per day on
the cash that you want 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 3 that three to 5 thousand dollars each week so I’m using you know 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 know a couple years from now move up to a thousand shot to make 3 to five thousand per trade and try to double my earnings fine so let’s enter into the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have 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 wish to do is discover an area where I have a recently established uptrend first thing that I wish to do is recognize my wave count okay so if this is our beginning
first pullback is two largest waves up to three pullback is four and after that the high is 5 and the method we can try to find 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 here click back here and after that discover my element 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 increase to the high of one if our price action comes down through