With low exchange charges. Why Can’t I Sell Shiba Inu On Okx … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also provides exceptionally high yields sometimes when participating in staking or saving functions.
was founded in 2017 and preserves a head office in Seychelles, with extra offices around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange on the planet by volume.
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The website claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulative and compliance issues.
You can develop an account that offers you access to trade 343 spot currencies if you’re in a location that works with OKX.
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Supports margin loaning, earning cryptocurrency through staking and cost 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 main location 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 total.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
For spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may qualify for discounts.
One big disadvantage of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, surprise expense information are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details before continuing. You likely will not recover any funds if you accidentally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security issues you do not normally confront with traditional banking platforms. The finest practices for keeping your financial accounts protected are similar. These consist of using strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many consumer possessions. It also has offers extra features like the capability to establish 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.
wished 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 earnings at this level what we want to do is find the distinction in between these values and that’s going to offer us.057 then we’re going to take the dollar quantity risk we want 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 Shiba Inu On Okx
distinction between the entry and the stop fine and that’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just ten dollars fine 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 definitely screw yourself so make certain that you’re not doing that you require to have that set dollar amount all right so that means that in order to find the capital requirement or the amount of cash that we need for this trade we have to take the amount of coins and multiply it by the entry cost which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 which’s going to offer us 587 dollars then we require to be able to enter this position when we’re utilizing leverage the only thing it’s changing is how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have 10 thousand dollars to utilize fine since if we only had a hundred dollar account all right this 587 is already 5x the size of our cash worth of our account which makes it difficult alright so let’s go over to 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 see what takes place when we open up our leverage fine and you’re gon na get this warning that the liquidation is high fine 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 ideal thing alright so now only thing that we need to use for this position is twelve dollars which is 12 of our whole account alright so this utilize ability is altering nothing about the risk profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine every week we do a giveaway where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars weekly we’re picking three winners a week okay we’re trying to offer the costs that we’re gathering from the affiliate program back into the neighborhood for you men trading with us connect is below you can take a look at our Discord where we announce the winners okay before we hop into the trading system that you can use to start taking these trades I want to go over the guidelines that I would recommend using when growing a little account all right so the first guideline is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account use that ten dollar risk 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 threshold get comfy with the dollar amount and utilize that there until we scale our account up a bit larger the 3rd thing and this is very crucial is everyone has a mental threshold when it concerns how much cash they’re comfortable risking 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 math states you’re going to start feeling a bit emotional about the trades and that’s something that you truly want to prevent till you come comfortable doing that fine so say you work your way approximately 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that back down to fifty dollars per trade choice that repaired amount once you wish to maintain your capital and just pick an objective per day on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to 5 thousand dollars weekly 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 after that I’ll increase it you know a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings alright so let’s enter the bread and butter of the actual trading this is a system that I have actually been trading the markets with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai okay but what I wish to do is find an area where I have a newly developed uptrend first thing that I want to do is determine my wave count fine so if this is our beginning
very first pullback is two largest waves as much as 3 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 worth I’m gon na click on this link click back here and after that discover 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 increase to the high of one if our price action boils down through