With low exchange charges. Why Can’t I Sell My Coins On Okx … With an account at, you can quickly buy crypto utilizing a card, checking account, or mobile wallet. When taking part in staking or saving features, it likewise offers exceptionally high yields in some cases.
was founded in 2017 and maintains a headquarters in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can produce an account that provides you access to trade 343 spot currencies.
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Supports margin borrowing, 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 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 inadequate space to list them all in our OKX evaluation. 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
breaks currencies down into different prices tiers that differ 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 discounts. Futures, choices, and swaps have their own rate schedules with varying fees.
One big disadvantage of is that it doesn’t disclose fees for withdrawals and deposits. While much of is transparent, surprise expense information are a warning that might send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are normally one-way and can’t be reversed, so constantly double-check transaction information prior to proceeding. If you accidentally send out funds to the wrong wallet address, you likely won’t recuperate any funds.
Cryptocurrency exchanges have some unique security issues you don’t usually face with standard banking platforms. The best practices for keeping your monetary accounts protected are comparable. These consist of using strong passwords unique to every site and app along 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 consumer possessions. It likewise has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will discover a familiar experience at OKX if you’ve 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 offering our position which we want to take earnings at this level what we want 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 threat 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 Sell My Coins On Okx
distinction in between the entry and the stop all right and that’s going to offer us the quantity of tokens that we need to purchase in order to run the risk of just ten dollars alright if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to call in our threat benefit and you’re going to definitely screw yourself so ensure that you’re not doing that you require to have actually that set dollar amount all right so that suggests that in order to find the capital requirement or the amount of cash that we need for this trade we need to take the quantity of coins and multiply 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 provide us 587 dollars then we need to be able to enter this position when we’re using leverage the only thing it’s altering is how much money we personally need to put into the trade so if I have a hundred dollar account and I use a 100x take advantage of that suggests now I have 10 thousand dollars to utilize fine due to the fact that if we only had a hundred dollar account fine this 587 is currently 5x the size of our money worth of our account which makes it difficult alright so let’s go over to buy bit here let’s state we wish 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 see what happens when we open our leverage alright and you’re gon na get this warning that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the ideal thing fine so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account okay so this utilize capability is changing nothing about the threat profile on the trade okay if you plan on trading anyways use the referral Link in the description alright every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week alright we’re attempting to offer the fees that we’re gathering from the affiliate program back into the community for you men trading with us link is below you can have a look at our Discord where we announce the winners all right prior to 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 using when growing a small account okay so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that ten dollar threat all right each time you double the account so when you go to 100 up to 200 all right 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 quantity and use that there up until we scale our account up a bit bigger the 3rd thing and this is very important is everybody has a mental limit when it concerns how much money 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 states you’re going to start feeling a bit psychological about the trades which’s something that you truly wish to avoid until you come comfortable doing that fine so state you work your way up to 200 to 500 to a thousand fine and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you all right you can stroll that back down to fifty dollars per trade pick that fixed amount as soon as you want to preserve your capital and simply choose an objective daily on
the cash that you want to make as soon as you get up to a comfy limit where it’s fitting your income objectives so for me personally you understand I like to make 3 that 3 to five thousand dollars each week so I’m using 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 understand a couple years from now go up to a thousand shot to make 3 to 5 thousand per trade and try to double my earnings fine 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 among the setups that I had on xrp when I was in fact in Dubai all right but what I wish to do is find a location where I have a newly established uptrend first thing that I want to do is identify my wave count alright so if this is our start
first pullback is two biggest waves up to three pullback is four and after that the high is 5 and the way we can try to find the top of five is by using 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 after that discover my factor 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 price action comes down through