With low exchange costs. Okx комиссии … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. When participating in staking or saving features, it likewise uses exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The site claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in an area that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
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Supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 primary 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 various rates tiers that vary based upon 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 discount rates. Futures, choices, and swaps have their own rate schedules with varying charges.
One huge disadvantage of is that it does not reveal fees for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you accidentally send out funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not generally confront with conventional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of customer properties. It likewise has deals additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond 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 meaning 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 wish to do is discover the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar amount danger we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx комиссии
difference in between the stop and the entry okay and that’s going to offer us the amount of tokens that we need to purchase in order to run the risk of just ten dollars all right if we’re simply sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk reward and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity alright so that means that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and increase it by the entry rate which is this level here fine 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 enter into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account fine this 587 is already 5x the size of our cash value of our account that makes it impossible alright 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 enjoy what occurs when we open our utilize okay 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 running the risk of that 10 dollars you are safe and you’re doing the right thing all right so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage ability is altering nothing about the risk profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars weekly we’re choosing three winners a week alright we’re attempting to provide the charges that we’re gathering from the affiliate program back into the community for you guys trading with us link is 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 use to start taking these trades I want to discuss the rules that I would advise utilizing when growing a small account alright so the very first rule is begin with the dollar quantity 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 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there until we scale our account up a bit larger the third thing and this is extremely crucial is everybody has a mental limit when it pertains to just how much cash they’re comfortable running the risk of if I’m looking 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 says you’re going to begin feeling a bit psychological about the trades and that’s something that you really want to avoid until you come comfy doing that all right so say you work your way approximately 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you alright you can stroll that pull back to fifty dollars per trade choice that repaired amount once you wish to protect your capital and simply select an objective per day on
the money that you wish 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 five thousand dollars weekly so I’m using you learn 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 understand a couple years from now move up to a thousand try to make 3 to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai okay however what I want to do is find an area where I have a newly developed uptrend first thing that I wish to do is determine my wave count alright so if this is our start
first pullback is 2 biggest waves up to 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 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 cost action boils down through