With low exchange fees. Why Can’t I Purchase On Okx … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. It also offers incredibly high yields in some cases when participating in staking or conserving functions.
was founded in 2017 and maintains a headquarters in Seychelles, with extra workplaces around the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in an area that deals with OKX, you can develop an account that provides you access to trade 343 area currencies.
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also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough space 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
breaks currencies down into various pricing tiers that vary based upon trade volume and account holdings. For spot trades, the most you will pay is 0.10%. High-volume traders and those with a large holding in the OKB currency may get approved for discounts. Futures, swaps, and choices have their own rate schedules with differing costs.
One huge downside of is that it doesn’t divulge fees for withdrawals and deposits. While much of is transparent, surprise cost details are a red flag that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. If you accidentally send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security concerns you don’t normally face with standard banking platforms. The finest practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of cold storage for the majority of customer assets. It also has offers extra functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anybody beyond the United States. You will find 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 discover the difference in between these worths and that’s going to provide us.057 then we’re going to take the dollar amount risk 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 Why Can’t I Purchase On Okx
difference in between the entry and the stop alright which’s going to offer us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars alright if we’re just sharing 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 sure that you’re refraining from doing that you need to have that set dollar quantity fine so that implies that in order to discover the capital requirement or the amount of money that we require for this trade we need to take the quantity of coins and increase it by the entry price which is this level here okay so in this case we’re going to take 175 coins increased 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 using utilize the only thing it’s altering is just how much money we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have ten thousand dollars to use okay due to the fact that if we just had a hundred dollar account alright this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s visit purchase bit here let’s say we want 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 view what takes place when we open up our leverage okay and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring 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 use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description all right 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 each week we’re picking three winners a week all right we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we announce the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to discuss the guidelines that I would recommend utilizing when growing a little account okay so the first rule is begin with the dollar quantity risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 alright you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there till we scale our account up a little bit bigger the third thing and this is super essential is everybody has a mental threshold when it pertains to how much cash they’re comfortable running the risk of 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 mathematics says you’re going to begin feeling a bit emotional about the trades which’s something that you actually wish to avoid up until you come comfortable doing that alright so state you work your way approximately 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can stroll that pull back to fifty dollars per trade pick that repaired quantity when you want to maintain your capital and just select an objective each day on
the money that you wish to make when you get up to a comfy threshold where it’s fitting your income objectives so for me personally you understand I like to make three that 3 to 5 thousand dollars each week so I’m using you learn 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 move up to a thousand try to make 3 to five thousand per trade and attempt to double my income fine so let’s enter 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 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 want to do is discover an area where I have actually a newly developed uptrend first thing that I want to do is identify my wave count fine so if this is our beginning
first pullback is 2 biggest waves up to three pullback is 4 and after that the high is five and the way we can try to find the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that discover my aspect 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 increase to the high of one if our cost action comes down through