With low exchange fees. Okx Xrp Announcement … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. It also uses extremely high yields in many cases when participating in staking or saving functions.
was founded in 2017 and maintains a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
1
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that gives you access to trade 343 area currencies if you’re in an area that works with OKX.
1
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you utilize in addition to a third-party cryptocurrency wallet or your main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to note them all in our OKX review. There are 343 currencies on the exchange total.
2
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 discount rates.
One big disadvantage of is that it doesn’t reveal fees for withdrawals and deposits. While much of is transparent, concealed cost information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details prior to continuing. If you inadvertently send out funds to the incorrect wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some unique security concerns you do not normally face with traditional banking platforms. However, the very best practices for keeping your monetary accounts safe are comparable. These include using strong passwords distinct to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of customer possessions. It also has offers extra features 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. You will discover a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted 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 want to take revenue at this level what we want to do is find the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar quantity threat we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Xrp Announcement
distinction in between the entry and the stop alright which’s going to provide us the quantity of tokens that we require to purchase in order to risk just ten dollars all right 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 definitely screw yourself so make sure that you’re not doing that you need 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 multiply it by the entry cost which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using leverage the only thing it’s altering is just how much money we personally require to put into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have ten thousand dollars to utilize okay because if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account that makes it difficult all right so let’s visit purchase bit here let’s state 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 see what happens when we open our take advantage of all right 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 ten dollars you are safe and you’re doing the right thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is changing absolutely nothing about the threat profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description okay every 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 each week we’re picking 3 winners a week okay we’re trying to offer the fees that we’re collecting from the affiliate program back into the community for you men trading with us connect is listed below you can take a look at our Discord where we announce the winners alright prior to we hop into the trading system that you can use to start taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account all right so the first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 all right you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there until we scale our account up a little bit larger the 3rd thing and this is very important is everyone has a mental threshold when it pertains to just how much cash 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 says you’re going to begin feeling a little bit emotional about the trades which’s something that you actually wish to prevent until you come comfy doing that okay so state you work your way up to 200 to 500 to a thousand all right 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 back down to fifty dollars per trade pick that fixed amount when you wish to protect your capital and simply select a goal daily on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars per week so I’m utilizing you know about 2.5 percent of my entire 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 go up to a thousand shot to make three to five thousand per trade and attempt to double my earnings all right 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai fine but what I wish to do is discover an area where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 biggest waves approximately 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 worth I’m gon na click on this link click back here and then find my aspect of one and you can see the price 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 comes down through