With low exchange fees. Okx Ceek … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. When getting involved in staking or conserving functions, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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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 issues.
You can create an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 main location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room 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 might qualify for discounts.
One huge drawback of is that it doesn’t reveal costs 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 charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check transaction information before continuing. If you inadvertently send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are comparable. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for most client properties. It also has offers additional 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. You will discover a familiar experience at OKX if you’ve 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 which we wish to take earnings at this level what we want to do is find the difference between these worths and that’s going to give 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 Ceek
distinction between the entry and the stop alright which’s going to give us the quantity of tokens that we require to purchase in order to run the risk of only 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to be able to dial in our danger benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have actually that set dollar quantity all right so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer us 587 dollars then we need to be able to enter this position when we’re using utilize the only thing it’s altering is how much cash we personally need to put 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 use all right due to the fact that if we just had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it impossible fine so let’s visit buy bit here let’s state we want 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 watch what takes place when we open our leverage fine 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 right thing alright 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 leverage capability is altering absolutely nothing about the threat profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re selecting three winners a week all right we’re trying to provide the fees that we’re gathering from the affiliate program back into the community for you people 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 use to begin taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account okay so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there until we scale our account up a bit larger the 3rd thing and this is super important is everybody has a psychological threshold when it concerns how much cash they’re comfortable risking 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 mathematics states you’re going to begin feeling a bit emotional about the trades and that’s something that you actually wish to avoid till you come comfy doing that fine so state you work your method as much as 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 back down to fifty dollars per trade choice that repaired amount when you want to preserve your capital and simply select an objective each day on
the cash that you want to make when you get up to a comfy limit where it’s fitting your earnings goals so for me personally you know I like to make three that three to 5 thousand dollars each week so I’m using 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 move up to a thousand shot to make three to 5 thousand per trade and try to double my earnings fine so let’s get into the support of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai all right however what I wish to do is find an area where I have actually a recently developed uptrend first thing that I want to do is recognize my wave count fine so if this is our start
very first pullback is two largest waves approximately three pullback is four and then the high is 5 and the way we can search 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 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