With low exchange fees. Okx Ip Address … With an account at, you can quickly purchase crypto using a card, savings account, or mobile wallet. It also offers exceptionally high yields sometimes when participating in staking or conserving functions.
was founded in 2017 and keeps a headquarters in Seychelles, with extra workplaces worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet by volume.
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The website declares over 20 million users in more than 100 countries. They do not take users from the United States due to regulatory and compliance concerns.
If you remain in a location that works with OKX, you can produce an account that offers you access to trade 343 spot currencies.
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also supports margin loaning, earning cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining 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 location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s not enough room to note them all in our OKX evaluation. 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 spot trades, the most you will pay is 0.10%. High-volume traders and those with a big holding in the OKB currency might certify for discount rates.
One big disadvantage of is that it does not reveal charges for withdrawals and deposits. While much of is transparent, surprise expense details are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency transactions are typically one-way and can’t be reversed, so constantly double-check deal details before proceeding. You likely won’t recover any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some distinct security concerns you don’t usually confront with traditional banking platforms. The best practices for keeping your financial accounts secure are similar. These include utilizing strong passwords special to every website and app alongside a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, including freezer for a lot of consumer properties. It also has offers additional features like the capability to establish a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is simple for anyone beyond the United States. You will find a familiar experience at OKX if you have actually ever signed up for another cryptocurrency exchange or stock market brokerage account.
wished to purchase 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 earnings at this level what we wish to do is find the difference between these worths and that’s going to provide us.057 then we’re going to take the dollar amount danger we want to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Ip Address
distinction in between the entry and the stop okay and that’s going to provide us the amount of tokens that we need to purchase in order to run the risk of just ten dollars all right if we’re just sharing 250 coins or a thousand coins we’re never ever going to be able to dial in our threat reward and you’re going to definitely screw yourself so make sure that you’re refraining from doing that you require to have that set dollar quantity alright so that indicates that in order to discover the capital requirement or the amount of money that we require for this trade we have to take the quantity of coins and increase it by the entry cost which is this level here alright so in this case we’re going to take 175 coins increased by 3.35 and that’s going to offer 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 just how much cash we personally require to put into the trade so if I have a hundred dollar account and I utilize a 100x take advantage of that suggests now I have 10 thousand dollars to utilize alright due to the fact that if we only had a hundred dollar account all right this 587 is currently 5x the size of our money value of our account that makes it difficult alright so let’s visit purchase 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 watch what takes place when we open up our utilize okay and you’re gon na get this warning that the liquidation is high fine as long as you’re measuring you’re entering your exit and you’re running the risk of that 10 dollars you are safe and you’re doing the best thing fine so now only thing that we need to utilize for this position is twelve dollars which is 12 of our entire account all right so this leverage capability is altering absolutely nothing about the risk profile on the trade alright if you plan on trading anyways utilize the referral Link in the description fine each week we do a free gift where anybody trading with 50k volume or higher is
going to be immediately gone into to win a hundred dollars each week we’re picking three winners a week fine we’re attempting to provide the costs that we’re gathering from the affiliate program back into the community for you guys trading with us link is below you can check out our Discord where we reveal the winners fine before we hop into the trading system that you can use to begin taking these trades I want to discuss the guidelines that I would recommend using when growing a small account fine so the first guideline is begin with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that 10 dollar threat alright each time you double the account so when you go to 100 as much as 200 fine 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 use that there up until we scale our account up a bit bigger the 3rd thing and this is incredibly important is everyone has a psychological limit when it concerns how much cash they’re comfortable running the risk of 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 start feeling a little bit psychological about the trades which’s something that you truly want to avoid up until you come comfortable doing that okay so state you work your way approximately 200 to 500 to a thousand okay and after that ten percent of a thousand is a hundred dollars per trade and that’s too much for you okay you can stroll that pull back to fifty dollars per trade pick that fixed quantity as soon as you wish to preserve your capital and simply select a goal each day on
the money that you want to make as soon as you get up to a comfortable limit where it’s fitting your income goals so for me personally you know I like to make three that 3 to five thousand dollars each week 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 know a couple years from now move up to a thousand shot to make 3 to 5 thousand per trade and attempt to double my earnings fine so let’s get into the bread and butter of the actual trading this is a system that I’ve been trading the markets with for the past couple months that have definitely been nailing trades with I’m gon na reveal you one of the setups that I had on xrp when I was really in Dubai alright however what I want to do is discover an area where I have a freshly developed uptrend first thing that I want to do is recognize my wave count all right so if this is our start
first pullback is two biggest waves as much as 3 pullback is 4 and after that the high is 5 and the method 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 here 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 rate action boils down through