With low exchange charges. Okx Fly … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it also offers extremely high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
You can develop an account that offers you access to trade 343 spot currencies if you’re in an area that works with OKX.
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also supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 not enough 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
breaks currencies down into different pricing 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 large holding in the OKB currency might receive discount rates. Options, futures, and swaps have their own rate schedules with varying fees.
One big downside of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, covert expense information are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction details before proceeding. If you inadvertently send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some distinct security issues you do not generally face with standard banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are comparable. These consist of using strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, consisting of freezer for a lot of client possessions. It also 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 simple for anyone 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 purchase 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 which we want to take earnings at this level what we want to do is discover the difference in between these worths and that’s going to provide 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 10 dollars and we’re going to divide it by the Okx Fly
distinction between the entry and the stop fine and that’s going to give us the amount of tokens that we need to buy in order to risk just ten dollars fine if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to call in our risk benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount all right so that means that in order to find the capital requirement or the amount of money that we need for this trade we have 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 multiplied by 3.35 which’s going to give us 587 dollars then we need to be able to enter this position when we’re utilizing utilize the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that implies now I have 10 thousand dollars to use all right because if we just had a hundred dollar account alright this 587 is already 5x the size of our money value of our account which makes it impossible alright so let’s visit purchase bit here let’s say we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what takes place when we open up our take advantage of okay 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 running the risk of that ten dollars you are safe and you’re doing the best thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our whole account fine so this take advantage of ability is altering absolutely nothing about the threat profile on the trade alright if you plan on trading anyways use the referral Link in the description all right each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re picking 3 winners a week all right we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect is listed below you can check out our Discord where we announce the winners okay 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 advise utilizing when growing a small account alright so the very first guideline is begin with the dollar quantity danger per trade 10 of starting balance on a hundred dollar account usage that ten dollar risk 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 approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and use that there until we scale our account up a bit larger the 3rd thing and this is incredibly essential is everyone has a psychological limit 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 math says you’re going to start feeling a little bit psychological about the trades and that’s something that you truly want to prevent until you come comfy doing that all right so say you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can stroll that pull back to fifty dollars per trade pick that repaired quantity when you wish to protect your capital and just select a goal per day on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars weekly so I’m utilizing you understand 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 shot to make three to five thousand per trade and try to double my earnings fine so let’s get into 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 show you one of the setups that I had on xrp when I was really in Dubai alright but what I want to do is find an area where I have actually a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
first pullback is two largest waves up to 3 pullback is 4 and then the high is five and the method we can look 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 after that discover 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 price action boils down through