With low exchange charges. Okx Exchange صرافی … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It likewise offers extremely high yields sometimes when participating in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site 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 develop an account that provides you access to trade 343 spot 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 items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 space to note them all in our OKX review. 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 various rates tiers that vary 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 discount rates. Alternatives, futures, and swaps have their own rate schedules with varying costs.
One huge drawback of is that it does not disclose charges for deposits and withdrawals. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check transaction information before continuing. You likely won’t recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t usually face with conventional banking platforms. The best practices for keeping your financial accounts secure are similar. These include utilizing strong passwords unique 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 cold storage for many customer assets. It also has offers additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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.
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 offering our position and that we wish to take revenue at this level what we want to do is find the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Exchange صرافی
distinction between the entry and the stop alright which’s going to give us the quantity of tokens that we require to buy in order to risk just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to have the ability to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity fine so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here alright 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 need to be able to get into this position when we’re utilizing take advantage of 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 use a 100x utilize that indicates now I have 10 thousand dollars to utilize okay due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our money value of our account which makes it difficult alright so let’s go over to purchase 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 enjoy what takes place when we open up our utilize all right 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 running the risk of that ten 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 take advantage of capability is altering nothing about the risk profile on the trade all right if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anyone trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re selecting three winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed below you can check out our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I wish to go over the rules that I would recommend using when growing a little account all right so the very first guideline is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 okay you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there until we scale our account up a bit bigger the 3rd thing and this is extremely essential is everybody has a psychological limit when it concerns just 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you actually wish to avoid up until you come comfortable doing that all right so say 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 excessive for you fine you can stroll that pull back to fifty dollars per trade choice that repaired quantity once you wish to preserve your capital and just choose a goal each day on
the money that you want to make once you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars per week 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 after that I’ll increase it you know a couple years from now move up to a thousand try to make 3 to five thousand per trade and try to double my earnings all right so let’s enter the support of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay however what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is determine my wave count okay so if this is our beginning
very first pullback is 2 largest waves approximately 3 pullback is 4 and after that the high is five and the method we can search for the top of 5 is by using 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 then discover 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 go up to the high of one if our rate action comes down through