With low exchange charges. Okx Contract Address … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also provides extremely high yields sometimes when taking part in staking or conserving functions.
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 in the world by volume.
The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that deals with OKX, you can create an account that provides you access to trade 343 spot currencies.
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 primary 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 overall.
Currencies traded on by volume:
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 discount rates.
One big disadvantage of is that it does not disclose fees for withdrawals and deposits. While much of is transparent, covert cost information are a red flag that may send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you unintentionally send funds to the incorrect wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some distinct security concerns you do not normally face with conventional banking platforms. The best practices for keeping your financial accounts safe are comparable. These include using strong passwords special to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for a lot of customer assets. It also has deals additional functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond 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.
wished to purchase 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 offering our position which we wish to take earnings at this level what we want to do is discover the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Contract Address
difference between the entry and the stop fine which’s going to give us the quantity of tokens that we need to purchase in order to run the risk of just 10 dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our threat reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar quantity all right so that indicates that in order to find the capital requirement or the quantity of money that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here all right 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 utilizing utilize the only thing it’s altering is how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have 10 thousand dollars to utilize fine since 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 all right so let’s visit buy 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 takes place when we open our leverage okay and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing okay so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this take advantage of ability is altering absolutely nothing about the risk profile on the trade all right if you plan on trading anyways use the referral Link in the description okay each week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately gone into to win a hundred dollars per week we’re picking three winners a week fine we’re trying to provide the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can take 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 wish to review the rules that I would advise utilizing when growing a little account fine so the first guideline is begin with the dollar amount threat per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar danger alright each time you double the account so when you go to 100 up to 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and use that there up until we scale our account up a bit larger the 3rd thing and this is very crucial is everybody has a psychological limit when it concerns just how much cash 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 math says you’re going to begin feeling a little bit psychological about the trades which’s something that you really wish to avoid till you come comfortable doing that fine so say you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that fixed quantity once you want to protect your capital and just select a goal per day on
the cash that you want to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing you know 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 3 to five thousand per trade and attempt to double my income all right so let’s get into the bread and butter of the real trading this is a system that I have actually 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 in fact in Dubai all right however what I wish to do is find an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
first pullback is two biggest waves approximately three pullback is four and after that the high is five and the method we can look for the top of five is by utilizing a Fibonacci projection 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 element of one and you can see the rate 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 boils down through