With low exchange charges. Polkadot Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It also uses exceptionally high yields sometimes when taking part in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with additional workplaces all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
The website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
If you’re in a location that works with OKX, you can produce an account that gives you access to trade 343 area currencies.
likewise supports margin loaning, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining pools and its own blockchain, called OKExChain. might work as an exchange you utilize 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 insufficient room to note them all in our OKX evaluation. There are 343 currencies on the exchange total.
Currencies traded on by volume:
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 huge drawback of is that it does not disclose fees for deposits and withdrawals. While much of is transparent, hidden cost information are a warning that might send you to another exchange with transparent fee schedules.
Cryptocurrency deals are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you unintentionally 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 typically confront with traditional banking platforms. However, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords unique to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many client assets. It likewise has offers extra features 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’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 selling our position and that we want to take revenue at this level what we wish to do is find the difference between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Polkadot Okx
distinction between the entry and the stop okay and that’s going to offer us the quantity of tokens that we require to purchase in order to run the risk of only ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never ever going to be able to call in our danger reward and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and multiply it by the entry price 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 require to be able to enter into this position when we’re using take advantage of the only thing it’s changing is just how much money we personally require to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize okay due to the fact that if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account that makes it impossible all right so let’s go over to buy bit here let’s state we want 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 enjoy what takes place when we open up our take advantage of fine and you’re gon na get this caution 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 right thing fine so now just thing that we need to use 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 danger profile on the trade okay if you intend on trading anyways utilize the recommendation Link in the description fine weekly we do a giveaway where anyone trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars per week we’re choosing three winners a week okay we’re trying to give the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would recommend utilizing when growing a little account alright so the very first rule is start with the dollar quantity danger per trade 10 of beginning balance on a hundred dollar account usage that 10 dollar risk all right 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 comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is very essential is everybody has a psychological threshold when it pertains to how much money they’re comfortable risking 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 math states you’re going to start feeling a bit psychological about the trades which’s something that you really want to avoid till you come comfy doing that fine so say you work your way as much as 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that back down to fifty dollars per trade pick that repaired quantity as soon as you wish to preserve your capital and simply choose a goal per day on
the cash that you want to make once 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 three to five thousand dollars per week so I’m using 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 go up to a thousand shot to make 3 to 5 thousand per trade and try 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 definitely been nailing trades with I’m gon na show you among the setups that I had on xrp when I was really in Dubai all right however what I want to do is discover an area where I have a freshly established uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
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 5 is by utilizing 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 find 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 go up to the high of one if our cost action comes down through