With low exchange fees. Why Can’t I Buy Doge On Okx … With an account at, you can quickly buy crypto using a card, bank account, or mobile wallet. It likewise provides incredibly high yields sometimes when taking part in staking or conserving features.
was founded in 2017 and maintains a head office in Seychelles, with additional offices all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
The website claims over 20 million users in more than 100 nations. They do not take users from the United States due to regulative and compliance issues.
If you’re in an area that deals with OKX, you can produce an account that offers you access to trade 343 spot currencies.
Supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, 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 primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX review. There are 343 currencies on the exchange total.
Currencies traded on by volume:
breaks currencies down into different rates tiers that vary based on trade volume and account holdings. 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 receive discounts. Futures, alternatives, and swaps have their own rate schedules with differing costs.
One big drawback of is that it doesn’t reveal charges 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 transactions are usually one-way and can’t be reversed, so constantly double-check deal details prior to continuing. If you inadvertently send funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some special security concerns you don’t typically confront with conventional banking platforms. However, the very best practices for keeping your monetary accounts safe and secure are comparable. These consist of utilizing 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 most client assets. It also has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of the United States. If you’ve ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wanted to buy 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 and that we wish to take earnings at this level what we want to do is discover the distinction in between these values which’s going to give us.057 then we’re going to take the dollar quantity risk 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 Why Can’t I Buy Doge On Okx
distinction between the stop and the entry fine and that’s going to give us the quantity of tokens that we require to buy in order to risk just ten dollars fine if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability 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 actually that set dollar amount fine so that means that in order to find the capital requirement or the quantity of cash that we need for this trade we have to take the amount of coins and increase it by the entry cost which is this level here alright 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 require to be able to enter into this position when we’re using utilize the only thing it’s altering 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 leverage that means now I have 10 thousand dollars to utilize all right since if we just had a hundred dollar account okay this 587 is currently 5x the size of our cash worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright 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 leverage fine and you’re gon na get this warning that the liquidation is high all right 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 okay so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is altering nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description alright each week we do a giveaway where anybody trading with 50k volume or greater is
going to be automatically entered to win a hundred dollars per week we’re choosing three winners a week alright we’re trying to offer the costs that we’re gathering from the affiliate program back into the community for you people 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 utilize to begin taking these trades I want to discuss the guidelines that I would advise utilizing when growing a small account all right so the very first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar amount and use that there till we scale our account up a little bit larger the 3rd thing and this is extremely essential is everyone has a psychological limit when it comes to just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose three sell a row I don’t care who you are or what the mathematics says you’re going to start feeling a bit psychological about the trades and that’s something that you truly want to avoid until you come comfy doing that alright so say you work your method approximately 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 pull back to fifty dollars per trade choice that fixed amount as soon as you wish to maintain your capital and just choose an objective daily on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars weekly 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 know a couple years from now go up to a thousand try to make 3 to five thousand per trade and attempt to double my income okay so let’s enter into the support of the real 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 reveal you one of the setups that I had on xrp when I was in fact in Dubai alright however what I wish to do is find an area where I have a freshly established uptrend first thing that I want to do is determine my wave count okay so if this is our start
first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is 5 and the way 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 find 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 comes down through