With low exchange fees. Okx Or Crypto.Com … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. When participating in staking or conserving features, it also provides remarkably high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
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Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 not enough room to note 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 certify for discounts.
One big drawback of is that it does not reveal charges for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so always double-check deal details before proceeding. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not generally face with standard banking platforms. Nevertheless, the best practices for keeping your monetary accounts protected are similar. These consist of utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of customer properties. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond 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.
wanted 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 selling our position and that we wish to take earnings at this level what we wish to do is find the difference between these worths which’s going to provide us.057 then we’re going to take the dollar quantity 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 Or Crypto.Com
difference in between the entry and the stop all right and that’s going to give us the quantity of tokens that we require to buy in order to run the risk of just ten dollars okay if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit 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 amount okay so that means that in order to find the capital requirement or the quantity of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to give us 587 dollars then we require to be able to enter this position when we’re utilizing take advantage of the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have ten thousand dollars to utilize okay because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash worth of our account that makes it difficult okay so let’s go over to purchase bit here let’s state we want 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 view what takes place when we open 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 okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing nothing about the danger profile on the trade all right if you intend on trading anyways use the referral Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars each week we’re selecting 3 winners a week fine we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you people trading with us link is below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can use to begin taking these trades I wish to go over the rules that I would suggest utilizing when growing a little account okay so the very first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 approximately 200 alright 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 till we scale our account up a little bit larger the third thing and this is super important is everybody has a psychological threshold when it comes to how much money 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 states you’re going to start feeling a little bit psychological about the trades which’s something that you truly want to avoid up until you come comfortable doing that fine so say you work your way up to 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 walk that back down to fifty dollars per trade choice that repaired amount as soon as you wish to protect your capital and simply pick an objective per day on
the money that you wish to make when you get up to a comfortable threshold where it’s fitting your income goals so for me personally you know I like to make 3 that 3 to five thousand dollars each week so I’m utilizing you understand about 2.5 percent of my whole account balance right around twenty thousand dollars that I keep in my account and then 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 attempt to double my earnings alright so let’s enter the support of the actual trading this is a system that I’ve been trading the marketplaces with for the past couple months that have absolutely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is discover an area where I have a newly established uptrend first thing that I wish to do is identify my wave count all right so if this is our start
very first pullback is two biggest waves up to 3 pullback is 4 and after that the high is five and the way we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click on this link click back here and then find 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 cost action comes down through