With low exchange costs. Okx Depth Chart … With an account at, you can easily purchase crypto utilizing a card, bank account, or mobile wallet. When getting involved in staking or saving features, it likewise uses extremely high yields in some cases.
was founded in 2017 and preserves a headquarters in Seychelles, with extra workplaces all over the world. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
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The site claims over 20 million users in more than 100 nations. They don’t take users from the United States due to regulatory and compliance issues.
If you remain in an area that deals with OKX, you can create an account that offers you access to trade 343 spot currencies.
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Supports margin loaning, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you utilize 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 space to note them all in our OKX review. 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 different pricing 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 qualify for discounts. Swaps, options, and futures have their own rate schedules with varying fees.
One huge disadvantage of is that it does not divulge charges for withdrawals and deposits. While much of is transparent, concealed expense details are a warning that might send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are generally one-way and can’t be reversed, so constantly double-check deal information before continuing. You likely will not recover any funds if you inadvertently send funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not typically face with traditional banking platforms. However, the best practices for keeping your financial accounts secure are comparable. These include utilizing strong passwords distinct 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 client properties. It likewise has offers extra features 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. 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 profit at this level what we want to do is find the difference between these worths which’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 Okx Depth Chart
difference in between the stop and the entry okay and that’s going to provide us the amount of tokens that we need to buy in order to risk just 10 dollars fine if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to dial in our danger benefit and you’re going to absolutely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar amount okay so that suggests that in order to find the capital requirement or the quantity of cash that we need for this trade we need to take the quantity of coins and multiply 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 and that’s going to give us 587 dollars then we require to be able to enter into this position when we’re utilizing take advantage of 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 use a 100x take advantage of that means now I have 10 thousand dollars to use fine since if we just had a hundred dollar account fine this 587 is currently 5x the size of our money value of our account that makes it difficult fine 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 watch what occurs when we open our leverage all right and you’re gon na get this warning that the liquidation is high alright 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 ideal thing all right so now only thing that we need to use for this position is twelve dollars which is 12 of our entire account alright so this take advantage of ability is altering absolutely nothing about the danger profile on the trade fine if you plan on trading anyways utilize the recommendation Link in the description alright each week we do a free gift where anyone trading with 50k volume or higher is
going to be immediately entered to win a hundred dollars each week we’re choosing 3 winners a week okay we’re attempting to provide the fees that we’re gathering from the affiliate program back into the community for you men trading with us connect is below you can have a look at our Discord where we reveal the winners okay prior to we hop into the trading system that you can utilize to start taking these trades I want to discuss the rules that I would advise using when growing a small account fine so the first guideline is begin with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar risk alright each time you double the account so when you go to 100 as much as 200 okay you want to move that up to the 10 of the 200 moving it to the 20 per trade limit get comfy with the dollar amount and use that there until we scale our account up a little bit larger the third thing and this is extremely important is everyone has a psychological threshold 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 3 trades in a row I don’t care who you are or what the mathematics says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly wish to avoid up until you come comfy doing that okay so state you work your way approximately 200 to 500 to a thousand fine 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 pick that fixed quantity as soon as you want to preserve your capital and simply choose an objective daily on
the money that you wish to make once 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 three to 5 thousand dollars per week so I’m using you know 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 shot to make three to five thousand per trade and attempt to double my earnings okay so let’s enter 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 absolutely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was in fact in Dubai okay but what I wish to do is discover a location where I have a freshly developed uptrend first thing that I wish to do is determine my wave count all right so if this is our start
very first pullback is 2 largest waves as much as three pullback is four and after that the high is five and the method we can search 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 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 rate action comes down through