With low exchange fees. Okx Withdrawal Fee … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It likewise uses extremely high yields in some cases when participating in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site claims over 20 million users in more than 100 countries. They don’t 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.
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Supports margin borrowing, earning cryptocurrency through staking and 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 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 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 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.
One huge drawback of is that it does not reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check deal information before proceeding. If you accidentally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you do not normally face with standard banking platforms. The best practices for keeping your financial accounts safe and secure 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 the majority of client assets. It likewise has offers extra functions like the ability 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. 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 meaning that if we’re wrong and it continues moving down we’re selling our position which we want to take earnings at this level what we wish to do is discover the distinction between these worths and that’s going to offer us.057 then we’re going to take the dollar amount risk we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Withdrawal Fee
distinction between the stop and the entry okay and that’s going to provide us the amount of tokens that we require to purchase in order to risk only ten dollars okay if we’re simply going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger reward 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 okay so that means that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the amount 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 which’s going to provide us 587 dollars then we need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is how much money we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to use alright since if we just had a hundred dollar account fine this 587 is already 5x the size of our money worth of our account that makes it impossible fine so let’s visit buy bit here let’s say we wish to take this ape trade here fine we need 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 leverage all right and you’re gon na get this warning that the liquidation is high fine 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 best thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways use the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be automatically gotten in to win a hundred dollars per week we’re selecting three winners a week fine we’re attempting to provide the fees that we’re gathering 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 fine before we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would suggest utilizing when growing a small account all right so the very first rule is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 approximately 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there up until we scale our account up a bit larger the 3rd thing and this is super essential is everybody has a psychological limit when it comes 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a bit emotional about the trades which’s something that you actually want to avoid up until you come comfy doing that all right so say you work your method up to 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that back down to fifty dollars per trade choice that repaired quantity once you want to maintain your capital and simply select a goal per day on
the money that you want to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make three that three to 5 thousand dollars each week 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 know a couple years from now move up to a thousand try to make three to 5 thousand per trade and try to double my income okay so let’s enter into the bread and butter of the real 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 really in Dubai fine but what I wish to do is find an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count okay so if this is our start
very first pullback is two largest waves as much as three pullback is 4 and then the high is 5 and the method we can try to find the top of 5 is by utilizing a Fibonacci forecast 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 discover my element 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 increase to the high of one if our price action boils down through