With low exchange costs. Okx Inloggen … With an account at, you can easily purchase crypto using a card, checking account, or mobile wallet. When getting involved in staking or conserving features, it likewise provides extremely high yields in some cases.
was founded in 2017 and preserves 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 site claims 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’re in an area that works with OKX, you can create an account that provides you access to trade 343 area currencies.
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Supports margin loaning, making 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 insufficient room 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
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 qualify for discount rates.
One huge drawback of is that it doesn’t disclose fees 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 fee schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check transaction information before continuing. If you accidentally send out funds to the wrong wallet address, you likely will not recuperate any funds.
Cryptocurrency exchanges have some unique security concerns you do not typically face with conventional banking platforms. Nevertheless, the best practices for keeping your monetary accounts safe and secure are similar. These consist of utilizing strong passwords unique to every site and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including cold storage for many customer properties. It likewise has offers extra functions like the ability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. You will find a familiar experience at OKX if you’ve ever signed up for another cryptocurrency exchange or stock market brokerage account.
wanted to purchase apecoin at this level put our stop loss down at this level significance 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 distinction in between these values and that’s going to provide us.057 then we’re going to take the dollar amount threat we wish to risk per trade which in this case is ten dollars and we’re going to divide it by the Okx Inloggen
distinction in between the entry and the stop all right and that’s going to provide us the quantity of tokens that we require to purchase in order to run the risk of just ten dollars fine if we’re just going in with 250 coins or a thousand coins we’re never going to be able to call in our danger benefit and you’re going to absolutely screw yourself so make certain that you’re refraining from doing that you require to have that set dollar quantity alright so that means that in order to find the capital requirement or the amount of money that we need for this trade we need to take the amount of coins and multiply it by the entry price which is this level here fine so in this case we’re going to take 175 coins multiplied 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 altering is how much cash we personally need to put into the trade so if I have a hundred dollar account and I utilize a 100x utilize that means now I have ten thousand dollars to utilize fine due to the fact that if we only 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 visit buy bit here let’s state we wish to take this ape trade here okay we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now see what occurs when we open our leverage alright and you’re gon na get this warning that the liquidation is high okay as long as you’re measuring you’re entering your exit and you’re risking that 10 dollars you are safe and you’re doing the best thing all right so now just thing that we need to use for this position is twelve dollars which is 12 of our whole account all right so this utilize capability is changing nothing about the risk profile on the trade alright if you intend on trading anyways use the recommendation Link in the description fine weekly we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars each week we’re selecting 3 winners a week okay we’re attempting to offer the charges that we’re gathering from the affiliate program back into the community for you men trading with us link is listed below you can take a look at our Discord where we reveal the winners alright before we hop into the trading system that you can utilize to begin taking these trades I want to discuss the guidelines that I would advise utilizing when growing a little account all right so the first guideline is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat fine each time you double the account so when you go to 100 as much as 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade threshold 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 super crucial is everyone has a psychological threshold when it pertains to just how much cash they’re comfortable risking if I’m taking a look at losing 500 like this 500 500 where I lose three sell 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 actually wish to prevent until you come comfortable doing that fine so state 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 all right you can walk that back down to fifty dollars per trade pick that fixed quantity when you wish to maintain your capital and just select an objective per day on
the cash that you want 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 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 go up to a thousand shot to make 3 to 5 thousand per trade and try to double my income fine so let’s get into the bread and butter of the actual trading this is a system that I have actually been trading the marketplaces with for the past couple months that have definitely been nailing trades with I’m gon na reveal you among the setups that I had on xrp when I was really in Dubai alright however what I want to do is find an area where I have a recently established uptrend first thing that I want to do is identify my wave count fine so if this is our start
first pullback is 2 largest waves up to three pullback is 4 and after that the high is 5 and the way we can try to find the top of five is by utilizing a Fibonacci projection off of our one wave so if this is our one value I’m gon na click here click back here and after that find 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