With low exchange fees. Okx Singapore Jobs … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. When getting involved in staking or conserving functions, it also uses remarkably high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different pricing tiers that differ 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 qualify for 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 expense details are a warning that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are typically one-way and can’t be reversed, so always double-check deal details before proceeding. You likely won’t recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security issues you don’t typically confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are similar. These include utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for most customer properties. It likewise has deals extra features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody outside of 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 selling our position which we wish to take earnings at this level what we want to do is discover the distinction between these values which’s going to give us.057 then we’re going to take the dollar amount 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 Singapore Jobs
distinction in between the stop and the entry okay which’s going to give us the quantity of tokens that we require to buy in order to run the risk of just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger reward and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you need to have actually that set dollar amount alright so that implies that in order to discover the capital requirement or the amount of cash that we require for this trade we have to take the amount of coins and multiply it by the entry rate which is this level here all right 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 into this position when we’re using utilize the only thing it’s altering is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that indicates now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is already 5x the size of our cash value of our account that makes it impossible okay so let’s go over to buy bit here let’s say we wish 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 utilize alright 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 risking that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account alright so this take advantage of capability is altering nothing about the risk profile on the trade okay if you intend on trading anyways use the referral Link in the description alright every week we do a giveaway where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars per week we’re choosing three winners a week okay we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you men trading with us connect is below you can take a look at our Discord where we reveal the winners fine prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the rules that I would advise using when growing a little account okay so the very first guideline is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 as much as 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit bigger the 3rd thing and this is super essential is everybody has a psychological threshold when it concerns just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the mathematics states you’re going to begin feeling a little bit psychological about the trades and that’s something that you really wish to avoid until you come comfy doing that all right 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 which’s too much for you all right you can stroll that back down to fifty dollars per trade pick that repaired quantity as soon as you wish to preserve your capital and simply select an objective per day on
the money that you want to make when 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 five thousand dollars weekly so I’m utilizing 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 3 to five thousand per trade and try to double my earnings 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 marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai okay but what I want to do is find a location where I have a freshly developed uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is two largest waves up to 3 pullback is four and after that the high is five and the way we can look for the top of five is by utilizing 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 find my factor 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