With low exchange fees. Okx Customer Service Uk … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. It likewise provides exceptionally high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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 concerns.
You can create an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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likewise supports margin borrowing, earning 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 use 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 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
breaks currencies down into different pricing tiers that differ based on trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may get approved for discounts. Futures, swaps, and options have their own rate schedules with varying fees.
One huge disadvantage of is that it doesn’t divulge charges for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you unintentionally send out funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t typically confront with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts secure are similar. These consist of 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 freezer for the majority of customer properties. It also has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody outside of the United States. You will discover a familiar experience at OKX if you have actually 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 wish to do is discover the distinction in between these worths and that’s going to offer us.057 then we’re going to take the dollar quantity risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Customer Service Uk
difference in between the entry and the stop alright which’s going to offer us the amount of tokens that we need to purchase in order to risk just 10 dollars all right if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount fine so that suggests that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry rate 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 provide us 587 dollars then we need to be able to enter into this position when we’re using take advantage of the only thing it’s altering is just how much money we personally require to take 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 utilize alright since if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash value of our account which makes it difficult all right so let’s go over to purchase bit here let’s state we want to take this ape trade here all right we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our leverage alright and you’re gon na get this warning that the liquidation is high okay as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is altering absolutely nothing about the threat profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright every week we do a free gift where anybody trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re attempting to offer the fees that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we reveal the winners okay before we hop into the trading system that you can use to begin taking these trades I want to review the guidelines that I would recommend utilizing when growing a little account all right so the first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk fine each time you double the account so when you go to 100 as much as 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 amount and utilize that there up until we scale our account up a little bit bigger the 3rd thing and this is very crucial is everyone has a psychological limit when it concerns how much cash they’re comfortable running the risk of 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 which’s something that you really wish to prevent up until you come comfortable doing that okay so state you work your method 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 pick that fixed amount when you wish to preserve your capital and simply choose an objective daily on
the money that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make 3 that 3 to 5 thousand dollars weekly so I’m using 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 5 thousand per trade and attempt to double my earnings alright so let’s enter into the bread and butter of the real 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 in fact in Dubai alright but what I want to do is discover a location where I have actually a newly established uptrend first thing that I wish to do is identify my wave count fine so if this is our beginning
first pullback is 2 largest waves as much as 3 pullback is four and then the high is 5 and the way we can try to find 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 here click back here and then discover my aspect of one and you can see the cost action sort of Consolidated right along this level if we take a Fibonacci retracement off of this level and go up to the high of one if our price action comes down through