With low exchange fees. Okx Apecoin … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When taking part in staking or conserving functions, it likewise uses remarkably high yields in some cases.
was founded in 2017 and maintains 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 website declares over 20 million users in more than 100 nations. They don’t take users from the United States due to regulative and compliance issues.
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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Supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s inadequate room to list 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
For area trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency may certify for discount rates.
One big downside of is that it doesn’t disclose charges for deposits and withdrawals. While much of is transparent, covert expense information are a red flag that might send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. If you inadvertently send out funds to the wrong wallet address, you likely won’t recover any funds.
Cryptocurrency exchanges have some special security issues you do not typically face with conventional banking platforms. The best practices for keeping your financial accounts safe and secure are similar. These include utilizing strong passwords distinct to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for the majority of consumer assets. It likewise has offers additional functions like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. If you’ve 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 and that we want to take profit at this level what we want to do is find the distinction in between these values which’s going to give us.057 then we’re going to take the dollar amount risk we wish to run the risk of per trade which in this case is ten dollars and we’re going to divide it by the Okx Apecoin
distinction between the entry and the stop fine and that’s going to provide us the amount of tokens that we need to buy in order to risk just ten dollars alright if we’re simply sharing 250 coins or a thousand coins we’re never going to be able to call in our risk reward and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have actually that set dollar quantity okay so that suggests that in order to find the capital requirement or the quantity of money that we require for this trade we have to take the amount of coins and increase it by the entry price 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 need to be able to get into this position when we’re utilizing utilize the only thing it’s changing is just how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x leverage that means now I have 10 thousand dollars to use alright since if we only had a hundred dollar account alright this 587 is already 5x the size of our money value of our account that makes it difficult okay so let’s go over to buy bit here let’s state we wish 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 happens when we open our take advantage of alright and you’re gon na get this warning that the liquidation is high alright 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 ideal thing okay so now only thing that we require to use for this position is twelve dollars which is 12 of our whole account okay so this utilize ability is changing nothing about the danger profile on the trade okay if you plan on trading anyways utilize the recommendation Link in the description okay every week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars per week we’re choosing three winners a week okay we’re trying to offer the costs that we’re gathering from the affiliate program back into the community for you people trading with us connect is listed below you can take a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to discuss the guidelines that I would recommend using when growing a small account all right so the first rule is start with the dollar amount risk per trade 10 of beginning balance on a hundred dollar account usage that ten dollar threat okay each time you double the account so when you go to 100 as much as 200 alright you wish to move that approximately the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit larger the third thing and this is extremely important is everyone has a psychological limit when it pertains to just how much money they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three trades in a row I don’t care who you are or what the math says you’re going to begin feeling a little bit psychological about the trades which’s something that you actually want to prevent up until you come comfortable doing that okay so state you work your way as much as 200 to 500 to a thousand okay and then ten percent of a thousand is a hundred dollars per trade and that’s too much for you fine you can walk that back down to fifty dollars per trade choice that fixed amount once you want to maintain your capital and just choose a goal each day on
the cash that you want to make once you get up to a comfortable limit where it’s fitting your earnings goals so for me personally you understand I like to make three that 3 to 5 thousand dollars weekly so I’m using you understand 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 try to make three to 5 thousand per trade and try to double my income alright so let’s get into the support of the actual trading this is a system that I’ve 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 actually in Dubai all right however what I wish to do is discover an area where I have a freshly established uptrend first thing that I want to do is determine my wave count alright so if this is our beginning
first pullback is 2 biggest waves as much as three pullback is 4 and after that the high is five and the way we can look for the top of 5 is by utilizing a Fibonacci forecast off of our one wave so if this is our one value I’m gon na click on this link click back here and after that discover my aspect 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 price action boils down through