With low exchange costs. Jennifer Chow Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving features, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site 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 create an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
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likewise supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming 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 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 overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various rates tiers that vary 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 discount rates. Futures, swaps, and alternatives 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, covert cost information are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. You likely won’t recover any funds if you unintentionally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you don’t normally face with traditional banking platforms. However, the very best practices for keeping your financial accounts protected are similar. These consist of using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer assets. It likewise has deals 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. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
wished to buy 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 selling our position which we want to take earnings at this level what we wish to do is discover the difference between these values which’s going to provide us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Jennifer Chow Okx
distinction between the stop and the entry okay which’s going to offer us the quantity of tokens that we require to purchase in order to risk only 10 dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never ever 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 need to have that set dollar quantity okay so that suggests that in order to discover 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 rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to offer 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 how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to utilize fine since if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it difficult all right so let’s go over to purchase bit here let’s state we wish to take this ape trade here all right we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open our take advantage of alright and you’re gon na get this caution 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 right thing fine so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this take advantage of ability is changing absolutely nothing about the risk profile on the trade okay if you intend on trading anyways use the recommendation Link in the description alright each 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 picking three winners a week fine we’re trying to give the charges that we’re collecting from the affiliate program back into the community for you guys trading with us connect is listed below you can have a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I wish to review the rules that I would advise using when growing a little account fine so the very first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger all right each time you double the account so when you go to 100 as much as 200 all right you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the third thing and this is extremely important is everybody has a mental threshold when it comes to how much money they’re comfortable running the risk of 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 mathematics states you’re going to start feeling a bit psychological about the trades and that’s something that you really wish to avoid till you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s too much for you all right you can walk that back down to fifty dollars per trade choice that repaired quantity once you wish to maintain your capital and just choose 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 earnings objectives so for me personally you know I like to make three that 3 to five thousand dollars weekly so I’m using you understand 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 go up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings fine so let’s enter into the bread and butter of the actual trading this is a system that I’ve 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 in fact in Dubai okay but what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I want to do is identify my wave count fine so if this is our start
very first pullback is 2 biggest waves as much as 3 pullback is four and then the high is five and the method we can try to find the top of five is by using 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 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 rate action boils down through