With low exchange costs. Why Can’t I Sign Into Okx App … With an account at, you can easily purchase crypto using a card, savings account, or mobile wallet. It also uses exceptionally high yields in some cases when taking part in staking or saving features.
was founded in 2017 and keeps a head office in Seychelles, with extra workplaces around the globe. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance issues.
If you’re in a location that works with OKX, you can create an account that gives 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 products, such as mining pools and its own blockchain, called OKExChain. might 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 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
breaks currencies down into different prices tiers that vary based upon trade volume and account holdings. For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might get approved for discounts. Alternatives, swaps, and futures have their own rate schedules with varying costs.
One huge downside of is that it doesn’t reveal costs for deposits and withdrawals. While much of is transparent, covert cost details are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal details before continuing. You likely won’t recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security issues you don’t typically confront with standard banking platforms. The finest practices for keeping your monetary accounts secure are comparable. These consist of utilizing strong passwords special to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including cold storage for most customer possessions. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody 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.
wished to purchase 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 and that we wish to take earnings at this level what we want to do is discover the distinction in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity threat 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 Sign Into Okx App
distinction 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 risk only ten dollars alright if we’re just 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 definitely screw yourself so ensure that you’re not doing that you need to have actually that set dollar quantity all right so that means that in order to discover the capital requirement or the amount of cash that we need for this trade we need to take the amount of coins and multiply it by the entry rate which is this level here all right so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give 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 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 means now I have ten thousand dollars to use alright because if we only had a hundred dollar account okay this 587 is currently 5x the size of our money worth of our account which makes it difficult all right so let’s visit purchase bit here let’s state we want to take this ape trade here all right we need 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 alright and you’re gon na get this warning that the liquidation is high all right as long as you’re quantifying you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best 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 ability is changing absolutely nothing about the danger profile on the trade fine if you plan on trading anyways use the recommendation Link in the description all right every week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately gotten in to win a hundred dollars per week we’re selecting three winners a week all right we’re attempting to offer the costs that we’re collecting from the affiliate program back into the community for you people trading with us connect is below you can take a look at our Discord where we reveal the winners fine before we hop into the trading system that you can utilize to start taking these trades I wish to go over the guidelines that I would advise using when growing a little account fine so the first guideline is begin with the dollar quantity threat per trade 10 of beginning balance on a hundred dollar account usage that ten dollar risk alright each time you double the account so when you go to 100 as much as 200 all right you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is incredibly important is everybody has a mental limit when it comes to how much money they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a little bit emotional about the trades which’s something that you really wish to prevent until you come comfortable doing that fine so state you work your way approximately 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade and that’s excessive for you alright you can stroll that back down to fifty dollars per trade choice that fixed amount as soon as you want to maintain your capital and just select a goal daily on
the cash that you wish to make as soon as you get up to a comfy threshold where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars per week so I’m utilizing you know 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 understand a couple years from now move up to a thousand shot to make three to 5 thousand per trade and attempt to double my earnings all right so let’s enter into the support 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 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 all right however what I want to do is find an area where I have actually a recently established uptrend first thing that I wish to do is identify my wave count alright so if this is our start
very first pullback is 2 largest waves up to three pullback is 4 and after that the high is five and the method we can look for the top of five is by using a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click here click back here and then find my factor of one and you can see the cost 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 comes down through