With low exchange costs. Okx Listing Fee … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also uses incredibly high yields in many cases when taking part in staking or conserving features.
was founded in 2017 and maintains a headquarters in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange worldwide 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 regulative and compliance issues.
If you remain in an area that works with OKX, you can produce an account that provides you access to trade 343 area currencies.
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also supports margin loaning, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place 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 total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various pricing tiers that differ based upon 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 discounts. Futures, choices, and swaps have their own rate schedules with varying costs.
One huge disadvantage of is that it does not divulge costs for deposits and withdrawals. While much of is transparent, covert cost details are a red flag that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details prior to continuing. You likely won’t recover any funds if you accidentally send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally face with traditional banking platforms. The finest practices for keeping your financial accounts safe and secure are similar. These consist of using 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, consisting of cold storage for the majority of consumer properties. It likewise has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
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 and that we wish to take profit at this level what we wish to do is find the distinction in between these worths which’s going to give us.057 then we’re going to take the dollar amount risk 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 Listing Fee
difference between the stop and the entry fine and that’s going to offer us the quantity of tokens that we require to purchase in order to risk only 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 reward and you’re going to definitely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity okay so that means that in order to discover the capital requirement or the amount of money that we need for this trade we have 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 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of the only thing it’s changing is just how much money we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that implies now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account that makes it impossible okay so let’s visit purchase bit here let’s say 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 see what takes place when we open our take advantage of alright and you’re gon na get this caution 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 10 dollars you are safe and you’re doing the right thing fine so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this leverage ability is changing nothing about the risk profile on the trade fine if you plan on trading anyways use the recommendation Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars weekly we’re selecting 3 winners a week alright we’re trying to give the costs that we’re gathering from the affiliate program back into the neighborhood for you men 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 utilize to begin taking these trades I wish to discuss the rules that I would recommend using when growing a little account fine so the very first rule is begin with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there up until we scale our account up a bit bigger the third thing and this is very essential is everybody has a mental threshold when it comes to just how much cash they’re comfortable risking if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit emotional about the trades and that’s something that you truly wish to prevent up until you come comfy doing that alright so state you work your way approximately 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade which’s too much for you alright you can walk that back down to fifty dollars per trade choice that repaired amount once you want to protect your capital and just pick an objective daily on
the cash that you wish to make as soon as you get up to a comfortable threshold where it’s fitting your earnings goals so for me personally you understand I like to make 3 that 3 to five thousand dollars weekly so I’m using 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 understand a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my income alright so let’s enter the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was actually in Dubai okay but what I want to do is find an area where I have a recently developed uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is two biggest waves approximately three pullback is 4 and after that the high is five and the method we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then discover my element 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 increase to the high of one if our price action comes down through