With low exchange fees. Okx Karachi … With an account at, you can easily purchase crypto utilizing a card, savings account, or mobile wallet. When taking part in staking or conserving functions, it also uses extremely high yields in some cases.
was founded in 2017 and preserves a head office in Seychelles, with additional offices around the globe. According to CoinMarketCap, is the 18th largest cryptocurrency exchange in the world by volume.
1
The website declares over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
You can produce an account that provides you access to trade 343 spot currencies if you’re in an area that works with OKX.
1
also supports margin borrowing, making cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, 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 place for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient room to note them all in our OKX review. There are 343 currencies on the exchange total.
2
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 may certify for discount rates.
One big drawback of is that it doesn’t divulge fees for deposits and withdrawals. While much of is transparent, hidden expense information are a red flag that may send you to another exchange with transparent cost schedules.
Security
Cryptocurrency transactions are normally one-way and can’t be reversed, so constantly double-check transaction information prior to continuing. You likely will not recuperate any funds if you inadvertently send funds to the wrong wallet address.
Cryptocurrency exchanges have some special security issues you do not typically confront with standard banking platforms. Nevertheless, the best practices for keeping your financial accounts protected are comparable. These consist of utilizing strong passwords special to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX utilizes industry-standard security practices, consisting of freezer for many consumer assets. 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 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.
wished to buy 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 selling our position which we wish to take revenue at this level what we want to do is discover the distinction between these worths which’s going to offer us.057 then we’re going to take the dollar quantity danger we wish to run the risk of per trade which in this case is 10 dollars and we’re going to divide it by the Okx Karachi
difference in between the entry and the stop okay and that’s going to offer us the amount of tokens that we need to buy in order to run the risk of only ten dollars all right if we’re simply going in with 250 coins or a thousand coins we’re never going to have the ability to call in our danger benefit and you’re going to definitely screw yourself so ensure that you’re refraining from doing that you need to have that set dollar amount fine so that indicates that in order to discover the capital requirement or the quantity of money that we need for this trade we need to take the quantity of coins and multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins increased by 3.35 which’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 take into the trade so if I have a hundred dollar account and I utilize a 100x leverage that suggests now I have 10 thousand dollars to use okay since if we just had a hundred dollar account fine this 587 is already 5x the size of our cash worth of our account that makes it difficult alright so let’s go over to purchase bit here let’s state we want to take this ape trade here alright we require 175 coins we can see right here our Capital requirement for this position is 586 dollars now enjoy what happens when we open up our take advantage of alright 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 10 dollars you are safe and you’re doing the best thing okay so now only thing that we require to utilize for this position is twelve dollars which is 12 of our entire account all right so this take advantage of ability is changing nothing about the threat profile on the trade all right if you plan on trading anyways utilize the referral Link in the description alright weekly we do a free gift where anybody trading with 50k volume or higher is
going to be instantly entered to win a hundred dollars each week we’re picking three winners a week fine we’re trying to provide the costs that we’re gathering from the affiliate program back into the neighborhood for you people trading with us connect is listed below you can check out our Discord where we announce the winners all right before we hop into the trading system that you can use to start taking these trades I want to review the rules that I would recommend using when growing a small account alright so the very first rule is start with the dollar amount danger per trade 10 of beginning balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 approximately 200 all right you wish to move that approximately the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar amount and utilize that there until we scale our account up a bit larger the third thing and this is very crucial is everybody has a psychological limit when it comes to how much money they’re comfortable running the risk of 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 says you’re going to begin feeling a bit emotional about the trades and that’s something that you truly wish to prevent till you come comfy doing that alright so state you work your method 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 excessive for you okay you can walk that back down to fifty dollars per trade choice that repaired amount as soon as you wish to maintain your capital and just choose an objective daily on
the money that you want to make once you get up to a comfortable limit where it’s fitting your earnings objectives so for me personally you know I like to make 3 that three to 5 thousand dollars per week so I’m utilizing 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 understand 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 okay so let’s get into the bread and butter of the real trading this is a system that I have actually 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 in fact in Dubai okay however what I want to do is find a location where I have a recently developed uptrend first thing that I wish to do is recognize my wave count fine so if this is our beginning
very first pullback is 2 biggest waves as much as three pullback is 4 and then the high is 5 and the way we can try to find the top of five is by using a Fibonacci forecast off of our one wave so if this is our one worth I’m gon na click here click back here and after that find my factor of one and you can see the rate 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 price action boils down through