With low exchange charges. Why Can’t I Trade Usdc On Okx … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or conserving features, it likewise uses remarkably high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
1
The site claims over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
You can create an account that offers you access to trade 343 area currencies if you’re in a location that works with OKX.
1
Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, 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 primary 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 overall.
2
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 might certify for discount rates.
One big downside of is that it does not divulge fees for deposits and withdrawals. While much of is transparent, covert expense details are a warning that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency deals are usually one-way and can’t be reversed, so always double-check deal information before proceeding. You likely will not recuperate any funds if you inadvertently send out funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you don’t generally face with standard banking platforms. The finest practices for keeping your monetary accounts secure are similar. These include using strong passwords unique to every website and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for most consumer possessions. It likewise has offers additional features like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anybody beyond the United States. If you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 want to take revenue at this level what we wish to do is discover the distinction in between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Why Can’t I Trade Usdc On Okx
difference in between the stop and the entry all right which’s going to provide us the quantity of tokens that we require to buy in order to risk just ten dollars all right if we’re simply sharing 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 need to have actually that set dollar quantity 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 have to take the amount of coins and increase it by the entry rate which is this level here all right so in this case we’re going to take 175 coins increased by 3.35 which’s going to provide us 587 dollars then we require to be able to enter this position when we’re using leverage the only thing it’s changing is how much cash we personally need to take into the trade so if I have a hundred dollar account and I utilize a 100x utilize that indicates now I have ten thousand dollars to utilize okay since if we just had a hundred dollar account alright this 587 is already 5x the size of our cash value of our account that makes it difficult all right so let’s go over to purchase bit here let’s state we wish to take this ape trade here alright we need 175 coins we can see right here our Capital requirement for this position is 586 dollars now view what takes place when we open our utilize 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 ten dollars you are safe and you’re doing the best thing all right so now just thing that we require to utilize for this position is twelve dollars which is 12 of our entire account okay so this leverage ability is altering nothing about the threat profile on the trade fine if you intend on trading anyways utilize the recommendation Link in the description all right weekly we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re trying to give the charges that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is below you can have a look at our Discord where we announce the winners fine prior to we hop into the trading system that you can use to start taking these trades I wish to go over the guidelines that I would recommend using when growing a little account okay so the first guideline is begin with the dollar amount danger per trade 10 of starting balance on a hundred dollar account usage that 10 dollar danger fine each time you double the account so when you go to 100 as much as 200 okay you want to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar quantity and utilize that there till we scale our account up a bit bigger the third thing and this is extremely essential is everyone has a psychological limit when it comes to how much money they’re comfortable risking if I’m taking a look 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 states you’re going to begin feeling a bit emotional about the trades and that’s something that you really want to avoid up until you come comfortable doing that alright so say you work your method up to 200 to 500 to a thousand all right and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you all right you can walk that back down to fifty dollars per trade pick that repaired amount once you wish to maintain your capital and simply pick an objective daily on
the money that you want to make when you get up to a comfortable limit where it’s fitting your income objectives so for me personally you understand I like to make three that three to five 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 understand a couple years from now move up to a thousand try to make three to five thousand per trade and attempt to double my income alright so let’s get into the support of the actual trading this is a system that I have actually been trading the marketplaces 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 fine but what I want to do is find a location where I have a recently developed uptrend first thing that I want to do is recognize my wave count okay so if this is our beginning
first pullback is 2 largest waves as much as three pullback is 4 and after that the high is five and the method 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 worth I’m gon na click here click back here and then discover my element 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 go up to the high of one if our rate action boils down through