With low exchange charges. Why Can’t I Deposit Money On Okx … With an account at, you can quickly purchase crypto using a card, bank account, or mobile wallet. It also uses exceptionally high yields in some cases when taking part in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
The site declares over 20 million users in more than 100 nations. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in an area that works with OKX, you can develop an account that provides you access to trade 343 spot currencies.
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. could work as an exchange you use 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 inadequate room to note them all in our OKX review. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into various 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 might receive discounts. Alternatives, swaps, and futures have their own rate schedules with differing fees.
One big downside of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent fee schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details before proceeding. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you don’t usually face with traditional banking platforms. The best practices for keeping your monetary accounts secure are similar. These consist of utilizing strong passwords distinct to every website and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for many customer assets. It also has deals extra functions 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. You will discover a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to buy 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 wish to do is find the distinction between these worths which’s going to give us.057 then we’re going to take the dollar amount danger 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 Deposit Money On Okx
difference between the entry and the stop all right which’s going to offer us the quantity of tokens that we require to buy in order to risk only ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to dial in our threat reward and you’re going to absolutely screw yourself so make sure that you’re not doing that you need to have actually that set dollar quantity fine so that implies that in order to find 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 price which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 and that’s going to provide us 587 dollars then we require to be able to get into this position when we’re using utilize the only thing it’s changing is just how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x utilize that indicates now I have ten thousand dollars to use alright due to the fact that if we just had a hundred dollar account fine this 587 is already 5x the size of our money value of our account that makes it impossible okay so let’s visit buy bit here let’s say we wish 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 happens when we open our utilize okay and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re running the risk of 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 fine so this take advantage of capability is altering absolutely nothing about the risk profile on the trade okay if you plan on trading anyways use the recommendation Link in the description alright each week we do a free gift where anybody trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re choosing three winners a week fine we’re trying to offer the costs that we’re collecting from the affiliate program back into the community for you men trading with us link is below you can take a look at our Discord where we reveal the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I wish to discuss the rules that I would advise using when growing a small account fine so the first rule is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 up to 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there until we scale our account up a little bit larger the 3rd thing and this is incredibly important is everyone has a psychological threshold when it concerns how much money 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 states you’re going to begin feeling a bit psychological about the trades which’s something that you truly wish to prevent until you come comfortable doing that alright so state 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 and that’s excessive for you alright you can walk that back down to fifty dollars per trade pick that fixed quantity as soon as you wish to preserve your capital and just select an objective daily on
the cash that you wish to make as soon as you get up to a comfy limit where it’s fitting your earnings goals so for me personally you understand I like to make three that three to five thousand dollars each 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 then I’ll increase it you understand a couple years from now go up to a thousand try to make 3 to five thousand per trade and try to double my income alright so let’s get into the bread and butter of the real trading this is a system that I have actually been trading the markets with for the past couple months that have 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 fine however what I want to do is find an area where I have actually a freshly established uptrend first thing that I want to do is identify my wave count alright so if this is our beginning
very first pullback is two largest waves up to three pullback is 4 and after that the high is five and the method we can try to find the top of 5 is by using 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 find my element 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 boils down through