With low exchange fees. Okx Advantage … With an account at, you can easily purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it likewise offers remarkably high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims 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 produce 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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Supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might 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 space to list 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
For area trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may qualify for discounts.
One huge disadvantage of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. You likely will not recover any funds if you unintentionally send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t normally confront with traditional banking platforms. Nevertheless, the very best practices for keeping your monetary accounts secure are similar. These include 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 freezer for a lot of customer assets. It likewise has offers additional functions like the capability 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. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished 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 selling our position which we wish to take profit at this level what we wish to do is discover the difference between these values which’s going to give us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Advantage
difference in between the entry and the stop all right which’s going to offer us the amount of tokens that we require to purchase in order to run the risk of just 10 dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount alright so that means that in order to find the capital requirement or the amount 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 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 require to be able to enter into this position when we’re using leverage the only thing it’s altering is just how much cash we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have ten thousand dollars to use okay since if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it impossible all right so let’s visit purchase bit here let’s say we want 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 enjoy what occurs when we open up our take advantage of all right and you’re gon na get this caution that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our whole account alright so this utilize capability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re picking 3 winners a week fine we’re attempting to offer the charges that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would advise using when growing a small account okay so the very first rule is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a bit larger the 3rd thing and this is incredibly important is everyone 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 three trades in a row I don’t care who you are or what the mathematics says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly want to avoid up until you come comfy doing that alright so say you work your method approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can stroll that pull back to fifty dollars per trade choice that fixed amount once you want to protect your capital and just choose an objective per 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 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 then I’ll increase it you know 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 support of the actual 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 one of the setups that I had on xrp when I was actually in Dubai all right however what I wish to do is discover a location where I have a recently established uptrend first thing that I want to do is recognize my wave count fine so if this is our beginning
first pullback is two largest waves as much as three pullback is 4 and after that the high is five and the method we can look for the top of 5 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 element of one and you can see the cost 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