With low exchange fees. Why Can’t I Sell Gyen On Okx … With an account at, you can quickly buy crypto utilizing a card, bank account, or mobile wallet. It also uses extremely high yields in some cases when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide 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 issues.
If you remain in a location that works with OKX, you can produce an account that provides you access to trade 343 spot currencies.
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 main 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 evaluation. There are 343 currencies on the exchange overall.
Currencies traded on by volume:
breaks currencies down into different rates 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 qualify for discount rates. Alternatives, futures, and swaps have their own rate schedules with differing fees.
One big downside of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, hidden cost information are a red flag that might send you to another exchange with transparent charge schedules.
Cryptocurrency transactions are generally one-way and can’t be reversed, so always double-check transaction details prior to continuing. If you inadvertently send funds to the wrong wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security concerns you do not usually face with standard banking platforms. However, the very best practices for keeping your financial accounts safe and secure are comparable. These consist of utilizing strong passwords special to every website 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 the majority of consumer assets. It also has deals extra features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone 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 meaning that if we’re wrong and it continues moving down we’re selling our position and that we wish to take profit at this level what we want to do is discover the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Why Can’t I Sell Gyen On Okx
distinction in between the stop and the entry alright and that’s going to provide us the quantity of tokens that we require to buy in order to risk only ten dollars okay 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 benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar amount fine so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity 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 need to be able to get into this position when we’re utilizing take advantage of the only thing it’s altering is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I use a 100x utilize that means now I have 10 thousand dollars to use okay due to the fact that if we just had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it impossible fine so let’s go over to purchase bit here let’s say we want to take this ape trade here all right 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 fine and you’re gon na get this warning that the liquidation is high alright as long as you’re quantifying you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now just thing that we need to utilize for this position is twelve dollars which is 12 of our entire account alright so this utilize capability is changing absolutely nothing about the threat profile on the trade okay if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or greater is
going to be instantly gone into to win a hundred dollars each week we’re selecting 3 winners a week okay we’re trying to give the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is listed 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 use to begin taking these trades I wish to discuss the rules that I would recommend using when growing a little account alright so the very first guideline is start with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar threat okay each time you double the account so when you go to 100 as much as 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is extremely essential is everyone has a mental limit when it pertains to how much money they’re comfortable risking 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 math says you’re going to start feeling a bit emotional about the trades which’s something that you truly wish to avoid until you come comfy doing that okay so state you work your way as much as 200 to 500 to a thousand okay 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 once you want to protect your capital and simply pick a goal per day on
the cash that you wish to make once you get up to a comfy limit where it’s fitting your income goals so for me personally you know I like to make 3 that three to 5 thousand dollars weekly 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 shot to make three to five thousand per trade and try 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 marketplaces with for the past couple months that have actually absolutely been nailing trades with I’m gon na show you among 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 newly established uptrend first thing that I wish to do is determine my wave count all right so if this is our start
very first pullback is 2 biggest waves up to 3 pullback is 4 and then the high is 5 and the way we can look for the top of five is by utilizing 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 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 rate action boils down through