With low exchange costs. How To Withdraw Money From Okx In Pakistan … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When taking part in staking or saving functions, it also uses incredibly high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
1
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can create an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
1
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might 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 not enough room to list them all in our OKX review. There are 343 currencies on the exchange total.
2
Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into different prices tiers that vary based on trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency might qualify for discounts. Futures, swaps, and options have their own rate schedules with differing fees.
One big downside of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, hidden expense details are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t typically face with standard banking platforms. The best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of cold storage for the majority of customer properties. It also has deals additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 and that we wish to take earnings at this level what we want to do is discover the distinction between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the How To Withdraw Money From Okx In Pakistan
difference between the stop and the entry alright and that’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 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 danger reward and you’re going to definitely screw yourself so make certain that you’re not doing that you need to have actually that set dollar amount alright so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the amount of coins and multiply it by the entry cost which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter into this position when we’re using take advantage of 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 indicates now I have 10 thousand dollars to use all right since if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s visit buy bit here let’s state we want to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what takes place when we open up our take advantage of all right and you’re gon na get this warning that the liquidation is high alright 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 just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this leverage capability is changing nothing about the threat profile on the trade fine if you plan on trading anyways utilize 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 instantly gotten in to win a hundred dollars per week we’re choosing 3 winners a week alright we’re attempting to provide the charges that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can have a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a small account all right so the very first guideline is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat all right each time you double the account so when you go to 100 approximately 200 fine 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 crucial is everyone has a mental limit when it comes to just how much cash they’re comfortable running the risk of if I’m taking a look 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 mathematics states you’re going to start feeling a little bit emotional about the trades which’s something that you actually want to avoid until you come comfortable doing that okay so say you work your method approximately 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you okay you can stroll that back down to fifty dollars per trade pick that repaired amount once you want to maintain your capital and just pick a goal per day on
the cash that you want to make once 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 three to 5 thousand dollars weekly so I’m using you know 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 understand a couple years from now move up to a thousand shot to make three to five thousand per trade and try to double my income okay 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 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 actually a newly developed uptrend first thing that I wish to do is determine my wave count all right so if this is our start
first pullback is two biggest waves approximately three pullback is 4 and then the high is 5 and the method 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 then find 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 rate action comes down through