With low exchange fees. Okx Twitter … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise provides remarkably high yields in many cases when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces all over 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 countries. They don’t take users from the United States due to regulative and compliance issues.
If you remain in an area that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
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also supports margin borrowing, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you use 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 inadequate space 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
breaks currencies down into various pricing tiers that vary 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 might get approved for discounts. Futures, swaps, and alternatives have their own rate schedules with differing fees.
One huge disadvantage of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed cost details are a red flag that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to proceeding. If you mistakenly send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not usually face with traditional banking platforms. The best practices for keeping your monetary accounts safe are similar. These include using strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of client possessions. It also has deals extra functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find a familiar experience at OKX.
wished 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 want to take profit at this level what we want to do is discover the distinction in between these values and that’s going to give us.057 then we’re going to take the dollar amount danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Twitter
difference in between the stop and the entry all right which’s going to offer us the quantity of tokens that we require to purchase 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 ever going to be able to dial in our risk benefit and you’re going to absolutely screw yourself so ensure that you’re refraining from doing that you require to have that set dollar amount all right so that means that in order to discover 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 cost 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 need to be able to enter this position when we’re using take advantage of the only thing it’s changing is how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have 10 thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account alright this 587 is currently 5x the size of our money 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 okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now watch what occurs when we open up our utilize alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the right thing all right so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the risk profile on the trade alright if you intend on trading anyways utilize the referral Link in the description alright weekly we do a giveaway where anyone trading with 50k volume or higher is
going to be automatically gone into to win a hundred dollars weekly we’re picking 3 winners a week alright we’re trying to provide the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is below you can have a look at our Discord where we reveal the winners alright before we hop into the trading system that you can use to start taking these trades I wish to review the rules that I would suggest using when growing a little account okay so the very first rule is start with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger all right each time you double the account so when you go to 100 approximately 200 all right you wish 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 little bit bigger the 3rd thing and this is very crucial is everybody has a psychological limit when it pertains to just how much cash they’re comfortable running the risk of if I’m taking a look 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 math says you’re going to start feeling a bit psychological about the trades and that’s something that you really want to avoid till you come comfortable doing that okay so state you work your method as much as 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can walk that pull back to fifty dollars per trade pick that repaired quantity when you wish to maintain your capital and just select an objective daily on
the cash that you want to make once you get up to a comfortable threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly so I’m using 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 understand a couple years from now go up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings alright so let’s get into the bread and butter of the actual 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 all right but what I wish to do is discover an area where I have actually a recently developed uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is two biggest waves up to 3 pullback is four and then the high is five and the method we can look for the top of five 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 aspect 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 cost action boils down through