With low exchange fees. Okx 50 Usd Bonus … With an account at, you can easily buy crypto using a card, checking account, or mobile wallet. When taking part in staking or saving functions, it also offers exceptionally high yields in some cases.
was founded in 2017 and keeps a headquarters in Seychelles, with extra offices all over the world. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange worldwide by volume.
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The website claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance concerns.
If you remain in an area that deals with OKX, you can produce an account that gives you access to trade 343 spot currencies.
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also 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. 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 not enough space to list them all in our OKX evaluation. There are 343 currencies on the exchange overall.
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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 may get approved for discounts. Futures, swaps, and options have their own rate schedules with differing fees.
One huge downside of is that it doesn’t reveal charges for deposits and withdrawals. While much of is transparent, concealed cost details are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so always double-check transaction information prior to continuing. You likely will not recuperate any funds if you mistakenly send funds to the wrong wallet address.
Cryptocurrency exchanges have some unique security issues you do not typically confront with traditional banking platforms. The best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords unique to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for a lot of consumer possessions. It likewise has deals additional features like the ability 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 offering our position and that we wish to take earnings at this level what we want 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 threat we want to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx 50 Usd Bonus
difference in between the entry and the stop okay and that’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never ever going to have the ability 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 that set dollar quantity all right so that means that in order to discover the capital requirement or the quantity of cash that we require for this trade we need to take the amount of coins and multiply it by the entry cost 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 provide us 587 dollars then we require to be able to enter into this position when we’re using take advantage of 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 leverage that means now I have ten thousand dollars to use fine because if we just had a hundred dollar account alright this 587 is currently 5x the size of our cash worth of our account which makes it difficult fine so let’s go over to buy bit here let’s state we wish to take this ape trade here okay 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 take advantage of fine and you’re gon na get this caution that the liquidation is high all right as long as you’re measuring you’re entering your exit and you’re risking that ten dollars you are safe and you’re doing the right thing okay so now just thing that we require to use for this position is twelve dollars which is 12 of our whole account all right so this utilize ability is altering nothing about the danger profile on the trade alright if you intend on trading anyways utilize the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or greater is
going to be immediately entered to win a hundred dollars each week we’re choosing three winners a week fine we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you people trading with us link is listed below you can take a look at our Discord where we announce the winners all right prior to we hop into the trading system that you can utilize to start taking these trades I want to go over the rules that I would recommend utilizing when growing a small account alright so the first guideline is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account usage that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 fine you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and use that there until we scale our account up a bit larger the 3rd thing and this is super essential is everyone has a psychological threshold when it comes to 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 which’s something that you really wish to prevent till you come comfortable doing that fine so say you work your method up to 200 to 500 to a thousand all right and then ten percent of a thousand is a hundred dollars per trade which’s excessive for you fine you can stroll that pull back to fifty dollars per trade choice that repaired amount as soon as you wish to preserve your capital and just choose a goal daily on
the money that you wish to make as soon as you get up to a comfy threshold where it’s fitting your income goals so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly so I’m utilizing you learn about 2.5 percent of my entire 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 try to make three to 5 thousand per trade and attempt to double my earnings fine so let’s enter the support of the real trading this is a system that I’ve been trading the markets with for the past couple months that have absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was actually in Dubai okay however what I want to do is discover a location where I have actually a newly developed uptrend first thing that I want to do is identify my wave count all right so if this is our start
very first pullback is two largest waves up to three pullback is four and then the high is five and the way 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 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 cost action comes down through