With low exchange charges. Why Can’t I Sell My Btc On Okx … With an account at, you can easily buy crypto utilizing a card, bank account, or mobile wallet. It likewise offers exceptionally high yields in many cases when participating in staking or conserving features.
was founded in 2017 and keeps a headquarters in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The site 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 remain in a location that works with OKX, you can create an account that provides you access to trade 343 spot currencies.
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likewise 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. might 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 inadequate room to note them all in our OKX review. There are 343 currencies on the exchange total.
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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 discounts.
One big drawback of is that it doesn’t disclose costs 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 cost schedules.
Security
Cryptocurrency deals are typically one-way and can’t be reversed, so always double-check transaction information before continuing. If you accidentally send funds to the incorrect wallet address, you likely will not recover any funds.
Cryptocurrency exchanges have some special security issues you do not generally confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts safe are comparable. These include using strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for most client possessions. It likewise has deals additional functions like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone outside of 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 selling 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 quantity threat we want 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 My Btc On Okx
difference between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of only 10 dollars fine if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our threat reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you need to have actually that set dollar quantity all right so that indicates that in order to find the capital requirement or the amount of cash that we require for this trade we need to take the amount of coins and increase it by the entry price which is this level here fine 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 need to be able to enter into this position when we’re utilizing utilize the only thing it’s altering is how much cash we personally require to take into the trade so if I have a hundred dollar account and I use a 100x leverage that indicates now I have ten thousand dollars to use alright because if we just had a hundred dollar account all right this 587 is already 5x the size of our money worth of our account which makes it difficult okay so let’s go over to purchase bit here let’s state we want to take this ape trade here okay 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 leverage all right and you’re gon na get this caution that the liquidation is high alright 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 best thing alright so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account fine so this take advantage of capability is changing absolutely nothing about the threat profile on the trade fine if you plan on trading anyways use the recommendation Link in the description okay every 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 weekly we’re selecting 3 winners a week okay we’re trying to offer the charges that we’re collecting from the affiliate program back into the community for you guys trading with us link is listed below you can take a look at our Discord where we reveal the winners all right before we hop into the trading system that you can use to begin taking these trades I want to go over the rules that I would suggest utilizing when growing a little account okay so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 approximately 200 all right you wish to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and utilize that there till we scale our account up a bit bigger the third thing and this is incredibly crucial is everybody has a mental threshold when it concerns just how much money 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 says you’re going to begin feeling a little bit emotional about the trades which’s something that you really want to prevent up until you come comfortable doing that okay so state you work your way as much as 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 okay you can walk that back down to fifty dollars per trade pick that repaired amount when you wish to preserve your capital and just choose a goal each day on
the money that you wish to make once 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 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 then I’ll increase it you know a couple years from now move up to a thousand try to make three to 5 thousand per trade and attempt to double my income alright so let’s enter into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na reveal you among 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 recently developed uptrend first thing that I wish to do is determine my wave count alright so if this is our beginning
first pullback is two largest waves as much as 3 pullback is 4 and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci projection off of our one wave so if this is our one worth I’m gon na click here click back here and then find my aspect 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 increase to the high of one if our rate action boils down through