With low exchange costs. Okx Limit Orders … With an account at, you can easily buy crypto utilizing a card, savings account, or mobile wallet. It also uses exceptionally high yields sometimes when participating in staking or saving functions.
was founded in 2017 and keeps a head office in Seychelles, with extra offices worldwide. According to CoinMarketCap, is the 18th largest cryptocurrency exchange on the planet 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.
You can develop an account that gives you access to trade 343 spot currencies if you’re in a location that works with OKX.
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Supports margin borrowing, making cryptocurrency through staking and cost savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary location for crypto-related activities.
Cryptocurrencies Available on
With over 300 cryptocurrencies supported, there’s insufficient space 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 large holding in the OKB currency might certify for discounts.
One huge disadvantage of is that it does not divulge charges for deposits and withdrawals. While much of is transparent, surprise cost information are a red flag that may send you to another exchange with transparent charge schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so constantly double-check transaction details prior to continuing. You likely won’t recuperate any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some distinct security concerns you do not usually face with standard banking platforms. The finest practices for keeping your monetary accounts protected are similar. These consist of using strong passwords special 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 a lot of consumer assets. It also has deals additional features like the ability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone beyond the United States. If you have actually ever registered for another cryptocurrency exchange or stock exchange brokerage account, you will find a familiar experience at OKX.
wished 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 which we wish to take profit at this level what we want to do is find the difference in between these worths and that’s going to give us.057 then we’re going to take the dollar quantity danger we want to risk per trade which in this case is 10 dollars and we’re going to divide it by the Okx Limit Orders
difference between the stop and the entry all right and that’s going to provide us the amount of tokens that we require to purchase in order to run the risk of only ten dollars okay if we’re just going in with 250 coins or a thousand coins we’re never ever going to have the ability to call in our danger reward 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 amount okay 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 multiply it by the entry rate which is this level here okay so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to offer us 587 dollars then we need to be able to get into this position when we’re using take advantage of the only thing it’s changing is 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 utilize alright due to the fact that if we just had a hundred dollar account all right this 587 is currently 5x the size of our money worth of our account that makes it impossible fine so let’s visit purchase bit here let’s say we want to take this ape trade here fine we need 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 fine 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 running the risk of that ten dollars you are safe and you’re doing the best thing okay so now just 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 capability is changing absolutely nothing about the threat profile on the trade fine if you intend on trading anyways utilize the referral Link in the description fine each week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically entered to win a hundred dollars weekly we’re choosing three winners a week alright we’re attempting to offer the fees that we’re gathering from the affiliate program back into the neighborhood for you guys trading with us connect is below you can have a look at our Discord where we announce the winners okay prior to we hop into the trading system that you can utilize to begin taking these trades I wish to go over the rules that I would suggest using when growing a little account all right so the first rule is start with the dollar amount risk per trade 10 of starting balance on a hundred dollar account use that 10 dollar danger okay each time you double the account so when you go to 100 up to 200 alright you want to move that up to the 10 of the 200 moving it to the 20 per trade threshold get comfortable with the dollar amount and use that there up until we scale our account up a little bit bigger the third thing and this is very important is everyone has a mental threshold when it comes 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 sell a row I don’t care who you are or what the mathematics states you’re going to start feeling a little bit psychological about the trades and that’s something that you truly wish to prevent till you come comfortable doing that okay so state you work your method as much as 200 to 500 to a thousand fine and after that ten percent of a thousand is a hundred dollars per trade and that’s excessive for you fine you can walk that pull back to fifty dollars per trade pick that fixed quantity as soon as you wish to maintain your capital and just choose an objective each day on
the cash that you wish 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 three to five thousand dollars weekly so I’m utilizing you know about 2.5 percent of my entire 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 move up to a thousand try to make 3 to 5 thousand per trade and try to double my income alright so let’s get into the support of the real trading this is a system that I’ve been trading the marketplaces with for the past couple months that have actually definitely been nailing trades with I’m gon na show you one of the setups that I had on xrp when I was really in Dubai alright but what I want to do is find a location where I have actually a newly established uptrend first thing that I want to do is identify my wave count okay so if this is our start
very first pullback is 2 biggest waves as much as 3 pullback is four and after that the high is five and the way we can look for the top of five is by using a Fibonacci projection 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 cost 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 comes down through