With low exchange costs. Okx Cel … With an account at, you can quickly buy crypto utilizing a card, savings account, or mobile wallet. It also offers extremely high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet 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 works with OKX, you can produce an account that gives you access to trade 343 area currencies.
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Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could 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 differ based on 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 qualify for discounts. Alternatives, futures, and swaps have their own rate schedules with varying charges.
One huge disadvantage of is that it doesn’t divulge costs for withdrawals and deposits. While much of is transparent, hidden cost information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not typically face with standard banking platforms. The finest practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords special to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for many customer assets. 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 beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock exchange 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we wish to take revenue at this level what we want to do is discover the distinction in between these values 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 10 dollars and we’re going to divide it by the Okx Cel
difference in between the stop and the entry fine which’s going to provide us the amount of tokens that we require to purchase in order to run the risk of just 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to dial in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we need 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 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re using utilize 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 utilize a 100x utilize that means now I have 10 thousand dollars to use all right due to the fact that if we just had a hundred dollar account okay this 587 is currently 5x the size of our money value of our account that makes it impossible okay so let’s visit purchase bit here let’s say we wish to take this ape trade here fine we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 right thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is changing absolutely nothing about the risk profile on the trade okay if you plan on trading anyways utilize the referral Link in the description all right weekly we do a giveaway where anybody trading with 50k volume or greater is
going to be instantly gotten in to win a hundred dollars per week we’re choosing 3 winners a week alright we’re attempting to give the charges that we’re collecting from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we reveal the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the rules that I would advise utilizing when growing a little account fine so the very first guideline is begin with the dollar quantity risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 as much as 200 okay you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there till we scale our account up a bit larger the 3rd thing and this is super important is everyone has a mental limit when it comes to how much money they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit psychological about the trades and that’s something that you really want to prevent up until you come comfortable doing that all right so state you work your way approximately 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you fine you can walk that pull back to fifty dollars per trade choice that repaired quantity once you want to maintain your capital and just choose an objective each day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make 3 that 3 to five thousand dollars weekly so I’m utilizing you know 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 attempt to double my earnings alright so let’s enter the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine however what I wish to do is discover a location where I have actually a newly developed uptrend first thing that I want to do is identify my wave count okay so if this is our beginning
first pullback is two biggest waves approximately 3 pullback is 4 and then the high is five and the way we can search for the top of five is by using a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor 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 rate action comes down through