With low exchange charges. Okx Buy Dogecoin … With an account at, you can easily buy crypto utilizing a card, checking account, or mobile wallet. It likewise provides incredibly high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website 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 offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
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. could work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to list them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various pricing 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 get approved for discount rates. Futures, swaps, and options have their own rate schedules with varying fees.
One big drawback of is that it does not disclose costs for withdrawals and deposits. While much of is transparent, concealed cost information are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction details prior to proceeding. If you mistakenly send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically face with standard banking platforms. However, the best practices for keeping your financial accounts secure are similar. These include using strong passwords special 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 most consumer possessions. It also has offers 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’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished to purchase 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 wish to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Buy Dogecoin
distinction in between the entry and the stop alright which’s going to offer us the quantity of tokens that we require to purchase in order to risk only ten dollars fine 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 benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you need to have actually that set dollar quantity all right so that suggests that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here fine 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 require to be able to get into this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to utilize okay since if we only 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 buy bit here let’s state we wish to take this ape trade here okay we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what happens when we open our take advantage of all right and you’re gon na get this warning that the liquidation is high alright as long as you’re measuring you’re entering your exit and you’re running the risk of that ten dollars you are safe and you’re doing the ideal thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is changing absolutely nothing about the risk profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay each week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re picking 3 winners a week all right we’re attempting to provide the fees that we’re collecting from the affiliate program back into the community for you people 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 use to start taking these trades I wish to review the rules that I would advise using 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 10 dollar danger okay each time you double the account so when you go to 100 up to 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there up until we scale our account up a bit larger the third thing and this is very crucial is everyone has a mental threshold when it pertains to just how much money they’re comfortable risking if I’m taking a look 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 states you’re going to begin feeling a bit psychological about the trades which’s something that you actually want to prevent until you come comfy doing that alright so say you work your way as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that fixed quantity once you want to maintain your capital and just choose an objective per day on
the cash that you wish to make as soon as you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to five thousand dollars each week so I’m utilizing 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 know a couple years from now move up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai okay however what I wish to do is find a location where I have 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 largest waves up to 3 pullback is four and then the high is five and the way we can look for the top of 5 is by using a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover 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 cost action comes down through