With low exchange costs. Okx Down … With an account at, you can quickly buy crypto using a card, checking account, or mobile wallet. When taking part in staking or conserving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
You can develop an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
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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 use 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 inadequate room to list them all in our OKX review. 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
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.
One big drawback of is that it does not divulge fees for withdrawals and deposits. While much of is transparent, hidden cost details are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check deal details before proceeding. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security concerns you do not generally face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for most consumer assets. It likewise has offers additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy 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.
wished 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 offering our position and that we wish to take profit at this level what we wish to do is find the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount threat 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 Down
difference in between the stop and the entry alright which’s going to give us the amount of tokens that we need to purchase in order to risk only ten dollars alright if we’re just 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 not doing that you need to have that set dollar quantity all right so that means that in order to find the capital requirement or the amount of cash that we require for this trade we have to take the quantity of coins and increase it by the entry price which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we require to be able to get into this position when we’re utilizing take advantage of the only thing it’s changing 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 take advantage of that indicates now I have 10 thousand dollars to use alright due to the fact that if we only had a hundred dollar account alright this 587 is currently 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what happens when we open up our take advantage of fine and you’re gon na get this caution that the liquidation is high all right 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 ideal thing fine so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of capability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the recommendation Link in the description okay weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re picking three winners a week all right we’re attempting to give the charges that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can have a look at our Discord where we announce the winners all right before 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 using when growing a small account okay so the very first guideline is start with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat all right each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is extremely crucial is everybody has a mental threshold when it pertains to just 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 and that’s something that you actually want to prevent till you come comfortable doing that alright so say you work your way up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that pull back to fifty dollars per trade choice that repaired quantity once you wish to preserve your capital and just pick an objective daily on
the money that you wish to make once you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 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 five thousand per trade and attempt to double my income okay so let’s enter into the bread and butter of the actual 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 one of the setups that I had on xrp when I was in fact in Dubai all right but what I want to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is 4 and then the high is 5 and the method 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 here click back here and then find my factor 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 price action comes down through