With low exchange costs. Elon Musk Okx … With an account at, you can easily purchase crypto using a card, bank account, or mobile wallet. It also provides remarkably high yields in many cases when taking part in staking or conserving functions.
was founded in 2017 and maintains a head office in Seychelles, with additional offices around the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The website claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulative and compliance concerns.
If you remain in a location that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
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also 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 main place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space 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 various 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 large holding in the OKB currency might receive discount rates. Futures, alternatives, and swaps have their own rate schedules with varying charges.
One big disadvantage of is that it doesn’t reveal fees for deposits and withdrawals. While much of is transparent, concealed expense information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are usually one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely won’t recuperate any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security concerns you do not normally face with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords unique to every site and app along with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for the majority of customer possessions. It likewise has offers 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. If you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account, you will find 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 offering our position which we wish to take profit at this level what we wish to do is find the distinction between these worths which’s going to provide us.057 then we’re going to take the dollar amount risk we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Elon Musk Okx
distinction between the entry and the stop alright which’s going to offer us the amount of tokens that we require to buy in order to run the risk of just 10 dollars all right if we’re just going in with 250 coins or a thousand coins we’re never ever going to be able to dial in our threat benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount okay so that implies that in order to discover 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 okay 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 need to be able to enter into this position when we’re using leverage the only thing it’s changing is just how much cash we personally need to take into the trade so if I have a hundred dollar account and I use a 100x leverage that suggests now I have 10 thousand dollars to utilize fine because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it impossible alright so let’s go over to purchase bit here let’s state we want 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 enjoy what takes place when we open up our utilize 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 best thing okay so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account okay so this utilize ability is altering absolutely nothing about the danger profile on the trade fine if you intend on trading anyways use the recommendation Link in the description okay every week we do a giveaway where anyone trading with 50k volume or greater is
going to be automatically gone into to win a hundred dollars weekly we’re selecting 3 winners a week all right we’re trying to offer the charges that we’re gathering from the affiliate program back into the community for you guys trading with us connect is below you can have a look at our Discord where we announce the winners alright before we hop into the trading system that you can use to start taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account okay so the first rule is begin with the dollar quantity threat per trade 10 of starting balance on a hundred dollar account use that ten dollar danger okay each time you double the account so when you go to 100 approximately 200 fine you want to move that as much as the 10 of the 200 moving it to the 20 per trade threshold get comfy with the dollar quantity and utilize that there up until we scale our account up a little bit bigger the third thing and this is super important is everyone has a mental threshold when it comes to just how much money they’re comfortable risking if I’m looking 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 begin feeling a little bit emotional about the trades which’s something that you truly want to avoid till you come comfy doing that all right so state you work your way as much as 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 fine you can walk that pull back to fifty dollars per trade choice that fixed quantity once you wish to preserve your capital and just choose a goal each day on
the money 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 three that three to five thousand dollars weekly so I’m utilizing 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 understand a couple years from now go up to a thousand shot to make 3 to five thousand per trade and attempt to double my income alright 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 definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was in fact in Dubai fine however what I want to do is find a location where I have a newly developed uptrend first thing that I want to do is determine my wave count alright so if this is our start
very first pullback is 2 largest waves approximately three pullback is 4 and then the high is 5 and the method 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 on this link click back here and then discover my aspect 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 rate action boils down through