With low exchange fees. Okx Bot Trading Legal … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also uses incredibly high yields sometimes when participating in staking or conserving features.
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 worldwide by volume.
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The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance issues.
If you’re in a location that deals with OKX, you can produce an account that offers you access to trade 343 area currencies.
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also 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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
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 certify for discount rates.
One huge drawback of is that it doesn’t reveal fees for deposits and withdrawals. 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 typically one-way and can’t be reversed, so always double-check transaction details prior to proceeding. You likely won’t recover any funds if you mistakenly send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically face with conventional banking platforms. However, the very best practices for keeping your financial accounts secure are similar. These include using strong passwords distinct to every website 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 offers extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 offering our position which we want to take profit at this level what we want to do is find the difference between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk 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 Bot Trading Legal
difference between the stop and the entry fine and that’s going to provide us the amount of tokens that we require to purchase in order to risk only ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward and you’re going to definitely screw yourself so make sure that you’re not doing that you require to have actually that set dollar quantity okay so that implies that in order to discover the capital requirement or the quantity of money that we need for this trade we have to take the amount of coins and increase it by the entry price 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 offer us 587 dollars then we require to be able to get into this position when we’re using take advantage of the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to use alright due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our cash value of our account that makes it difficult okay so let’s visit buy bit here let’s state we want to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what occurs when we open our leverage all right and you’re gon na get this caution that the liquidation is high alright 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 just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is altering nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description all right every week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately gotten in to win a hundred dollars per week we’re picking three winners a week all right we’re trying to give the fees that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is below you can check out our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to begin taking these trades I wish to review the rules that I would advise utilizing when growing a small account alright so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat okay each time you double the account so when you go to 100 approximately 200 okay you want to move that as much as 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 little bit bigger the third thing and this is very important is everyone has a mental limit when it concerns just 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 3 sell 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 truly wish to prevent till you come comfy doing that okay so state you work your way up to 200 to 500 to a thousand alright and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can stroll that back down to fifty dollars per trade pick that repaired amount as soon as you want to maintain your capital and simply choose a goal each day on
the cash that you wish to make once you get up to a comfortable threshold where it’s fitting your income goals so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing you understand 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 know a couple years from now go up to a thousand try to make three to five thousand per trade and try to double my earnings 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 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 fine however what I wish to do is find an area where I have a freshly 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 approximately three pullback is 4 and then the high is 5 and the method we can search 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 here click back here and after that 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 increase to the high of one if our price action boils down through