With low exchange fees. Sandbox Okx … With an account at, you can quickly purchase crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving functions, it also uses exceptionally high yields in some cases.
was founded in 2017 and keeps a head office in Seychelles, with additional workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulative 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, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. could 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 not enough room to list 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
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 certify for discount rates.
One huge drawback of is that it doesn’t divulge fees for deposits and withdrawals. 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 generally one-way and can’t be reversed, so constantly double-check transaction details before continuing. You likely won’t recuperate any funds if you mistakenly send funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not usually confront with conventional banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These include utilizing strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer properties. It also has deals additional functions like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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.
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 want to do is find the difference in between these values and that’s going to provide us.057 then we’re going to take the dollar amount threat 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 Sandbox Okx
difference in between the entry and the stop alright and that’s going to provide us the amount of tokens that we require to buy in order to run the risk of only ten dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re not doing that you require to have that set dollar quantity alright so that suggests that in order to discover the capital requirement or the amount of cash that we require for this trade we need to take the quantity of coins and multiply it by the entry price which is this level here alright 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 this position when we’re utilizing utilize the only thing it’s altering is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x utilize that implies now I have ten thousand dollars to use okay since if we just had a hundred dollar account all right this 587 is already 5x the size of our cash value of our account that makes it difficult fine so let’s visit purchase bit here let’s say we want 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 enjoy what occurs when we open up our take advantage of fine and you’re gon na get this warning that the liquidation is high fine as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing alright so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is altering absolutely nothing about the risk profile on the trade alright if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a giveaway where anybody trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars per week we’re selecting 3 winners a week okay we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you guys trading with us link is below you can check out 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 review the guidelines that I would suggest utilizing when growing a little account alright so the first rule is start with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that 10 dollar threat fine each time you double the account so when you go to 100 as much as 200 alright you want to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there until we scale our account up a bit bigger the third thing and this is very crucial is everybody has a mental threshold when it pertains to how much cash they’re comfortable risking if I’m looking 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 math states you’re going to start feeling a bit psychological about the trades and that’s something that you actually wish to prevent up until you come comfortable doing that all right so say you work your method approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you alright you can walk that back down to fifty dollars per trade choice that fixed quantity once you want to protect your capital and just choose an objective daily 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 3 that three to 5 thousand dollars weekly so I’m utilizing you understand 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 go up to a thousand try to make three to 5 thousand per trade and attempt to double my income fine so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets 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 okay but what I want to do is discover an area where I have actually a newly established uptrend first thing that I wish to do is identify my wave count alright so if this is our beginning
very first pullback is two largest waves approximately 3 pullback is 4 and after that the high is 5 and the method we can look for the top of 5 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 element 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 increase to the high of one if our cost action comes down through