With low exchange costs. Okx Banned Countries … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When participating in staking or saving functions, it also provides incredibly high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 issues.
You can develop an account that provides you access to trade 343 spot currencies if you’re in a location that works with OKX.
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likewise supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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 different prices 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 big holding in the OKB currency may receive discount rates. Swaps, choices, and futures have their own rate schedules with differing charges.
One big drawback of is that it does not disclose costs for deposits and withdrawals. While much of is transparent, surprise expense information are a warning 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 transaction details prior to continuing. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you don’t normally face with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are similar. These consist of utilizing 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 cold storage for many customer 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 easy for anybody outside of the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy 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 and that we want to take earnings at this level what we want to do is find the difference between these worths which’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Banned Countries
distinction between the entry and the stop fine and that’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 sharing 250 coins or a thousand coins we’re never going to be able to call in our danger reward and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have actually that set dollar quantity fine so that suggests that in order to find the capital requirement or the amount of money that we require for this trade we need to take the amount of coins and increase it by the entry cost 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 offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates 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 cash value of our account which makes it difficult alright so let’s visit purchase bit here let’s say we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our leverage okay and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the best thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this take advantage of capability is changing nothing about the threat profile on the trade all right if you intend 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 automatically entered to win a hundred dollars weekly we’re picking 3 winners a week fine we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can utilize to begin taking these trades I want to go over the guidelines that I would advise utilizing when growing a little account okay so the very first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 up to 200 okay you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a little bit bigger the third thing and this is super essential is everybody has a mental limit when it concerns 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 3 trades in a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades which’s something that you actually want to avoid till you come comfortable doing that fine so say you work your way as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that repaired quantity when you want to preserve your capital and just pick a goal per day on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars each week 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 then I’ll increase it you know a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income all right so let’s enter into 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 absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find a location where I have actually a freshly established uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves as much as 3 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 discover 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