With low exchange charges. Okx Trade History … With an account at, you can easily buy crypto using a card, savings account, or mobile wallet. When taking part in staking or conserving features, it also uses exceptionally high yields in some cases.
was founded in 2017 and maintains a head office in Seychelles, with additional workplaces 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 regulatory and compliance concerns.
You can produce an account that provides you access to trade 343 area currencies if you’re in a location that works with OKX.
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Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space to note 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
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 big disadvantage of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a warning that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check deal details before continuing. You likely won’t recover any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some unique security issues you do not usually confront with standard banking platforms. Nevertheless, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of using strong passwords special to every website 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 many 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 simple for anybody outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover 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 want to take earnings at this level what we wish to do is find the difference between these values and that’s going to offer us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Trade History
difference in between the entry and the stop okay which’s going to provide us the quantity of tokens that we need to buy in order to run the risk of only 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re not doing that you require to have that set dollar quantity okay so that indicates that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s changing is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that implies now I have ten thousand dollars to utilize all right due to the fact that if we just had a hundred dollar account okay this 587 is already 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s state we wish 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 enjoy what takes place when we open our leverage fine and you’re gon na get this caution that the liquidation is high okay as long as you’re measuring 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 only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is changing nothing about the threat profile on the trade fine if you plan on trading anyways utilize the referral Link in the description okay weekly we do a giveaway where anybody trading with 50k volume or higher is
going to be instantly gotten in to win a hundred dollars each week we’re choosing three winners a week okay we’re attempting to give the fees that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can have a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can utilize to begin taking these trades I want to review the rules that I would recommend using when growing a small account all right so the very first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger alright each time you double the account so when you go to 100 as much as 200 fine you want to move that as much as 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 third thing and this is super essential is everyone has a mental limit when it concerns just how much money they’re comfortable running the risk of 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 says you’re going to start feeling a little bit emotional about the trades and that’s something that you truly wish to prevent up until you come comfortable doing that alright so say you work your method as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can stroll that back down to fifty dollars per trade choice that repaired amount once you want to protect your capital and simply pick an objective each day on
the money that you want to make when you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make 3 that three to five thousand dollars per week so I’m utilizing 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 shot to make 3 to 5 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 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 actually in Dubai alright but what I wish to do is discover an area where I have actually a newly developed uptrend first thing that I want to do is recognize my wave count fine so if this is our start
first pullback is 2 biggest waves as much as three pullback is four and then the high is five and the method 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 worth I’m gon na click here click back here and after that discover my factor of one and you can see the rate 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 price action boils down through