With low exchange costs. Okx Omi … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. When getting involved in staking or saving functions, it also provides extremely high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that offers you access to trade 343 area currencies if you’re in an area that works with OKX.
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Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 insufficient room to list 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
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might qualify for discounts.
One huge disadvantage of is that it does not disclose charges for withdrawals and deposits. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. If you unintentionally send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some distinct security issues you don’t typically face with conventional banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe are comparable. 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, including cold storage for the majority of client properties. It also has deals additional features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 want to take revenue at this level what we wish to do is discover the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar amount risk we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Omi
distinction in between the stop and the entry alright and that’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars okay if we’re simply 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 ensure that you’re not doing that you need to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we need to be able to enter this position when we’re utilizing leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that means now I have 10 thousand dollars to utilize alright because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it impossible fine so let’s visit buy bit here let’s state 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 see what occurs when we open our leverage alright and you’re gon na get this caution that the liquidation is high fine 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 best thing all right so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this leverage capability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the recommendation Link in the description fine weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly gone into to win a hundred dollars weekly we’re choosing 3 winners a week okay we’re trying to give the charges that we’re collecting from the affiliate program back into the neighborhood for you people 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 utilize to begin taking these trades I wish to go over the rules that I would recommend using when growing a small account okay so the very first guideline is begin with the dollar quantity risk 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 want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there till we scale our account up a little bit bigger the third thing and this is very important is everyone has a mental threshold when it pertains to how much cash they’re comfortable running the risk of 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 start feeling a bit psychological about the trades which’s something that you truly wish to prevent up until you come comfy doing that okay so say you work your method as much as 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 fine you can walk that back down to fifty dollars per trade choice that fixed amount as soon as you wish to protect your capital and just select an objective each day on
the cash that you want to make once you get up to a comfy threshold where it’s fitting your income objectives so for me personally you know I like to make three that three to 5 thousand dollars per week so I’m using you learn 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 understand a couple years from now move up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai fine however what I want to do is discover an area where I have actually a recently developed uptrend first thing that I wish to do is determine my wave count okay so if this is our beginning
first pullback is 2 biggest waves approximately three pullback is 4 and then the high is 5 and the way 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 here click back here and after that 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 go up to the high of one if our rate action boils down through