With low exchange fees. Okx Liquidation Price Calculation … With an account at, you can quickly purchase crypto utilizing a card, checking account, or mobile wallet. It likewise uses incredibly high yields in many cases when participating in staking or conserving features.
was founded in 2017 and preserves a head office in Seychelles, with additional offices worldwide. According to CoinMarketCap, is the 18th biggest cryptocurrency exchange in the world by volume.
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The site 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 an area that works with OKX, you can develop an account that offers you access to trade 343 spot currencies.
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Supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced items, such as mining swimming pools and its own blockchain, called OKExChain. might work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place 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 overall.
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Currencies traded on by volume:
- Bitcoin
- OKB
- Ethereum
- TRON
- Avalanche
- APENFT
- Solana
- Polygon
breaks currencies down into various 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 may receive discount rates. Alternatives, futures, and swaps have their own rate schedules with differing charges.
One big disadvantage of is that it doesn’t reveal charges for withdrawals and deposits. While much of is transparent, hidden cost details are a warning that may send you to another exchange with transparent fee schedules.
Security
Cryptocurrency deals are generally one-way and can’t be reversed, so always double-check deal details prior to continuing. You likely won’t recover any funds if you unintentionally send out funds to the incorrect wallet address.
Cryptocurrency exchanges have some special security concerns you do not usually face with standard banking platforms. However, the best practices for keeping your monetary accounts safe and secure are similar. These include using strong passwords distinct to every site and app together with a multifactor authentication app to keep hackers out of your funds.
OKX uses industry-standard security practices, including freezer for many consumer possessions. It likewise has deals extra features like the capability to set up a withdrawal password and anti-phishing codes.
Opening an OKX Account
Opening an account is easy for anyone outside of the United States. If you have actually ever registered for another cryptocurrency exchange or stock market brokerage account, you will discover a familiar experience at OKX.
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 revenue at this level what we want to do is discover the difference in between these worths which’s going to give us.057 then we’re going to take the dollar quantity risk 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 Liquidation Price Calculation
distinction in between the entry and the stop alright and that’s going to give us the amount of tokens that we need to buy in order to run the risk of only 10 dollars alright if we’re just sharing 250 coins or a thousand coins we’re never going to be able to call in our risk benefit and you’re going to definitely screw yourself so make certain that you’re refraining from doing that you need to have that set dollar amount all right so that implies that in order to discover the capital requirement or the amount of cash that we need for this trade we have to take the quantity of coins and multiply it by the entry price which is this level here alright so in this case we’re going to take 175 coins multiplied by 3.35 and that’s going to give us 587 dollars then we need to be able to enter this position when we’re using utilize 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 all right because if we only had a hundred dollar account okay this 587 is currently 5x the size of our cash value of our account which makes it difficult all right so let’s visit buy bit here let’s say 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 see what happens when we open our utilize okay and you’re gon na get this caution that the liquidation is high alright as long as you’re quantifying 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 fine so now just thing that we require to use for this position is twelve dollars which is 12 of our entire account fine so this utilize capability is changing absolutely nothing about the danger profile on the trade all right if you plan on trading anyways utilize the referral Link in the description fine every week we do a free gift where anyone trading with 50k volume or higher is
going to be automatically gotten in to win a hundred dollars per week we’re choosing 3 winners a week okay we’re attempting to provide the costs that we’re collecting from the affiliate program back into the neighborhood for you people trading with us link is listed below you can take a look at our Discord where we reveal the winners alright prior to we hop into the trading system that you can use to begin taking these trades I wish to discuss the guidelines that I would suggest using when growing a little account fine so the first guideline is begin with the dollar amount threat per trade 10 of starting balance on a hundred dollar account use that ten dollar threat alright each time you double the account so when you go to 100 up to 200 all right you wish to move that as much as the 10 of the 200 moving it to the 20 per trade limit get comfortable with the dollar quantity and utilize that there till we scale our account up a little bit bigger the third thing and this is incredibly crucial is everybody has a psychological threshold when it concerns just how much cash they’re comfortable running the risk of if I’m looking at losing 500 like this 500 500 where I lose 3 sell a row I don’t care who you are or what the math says you’re going to start feeling a bit emotional about the trades and that’s something that you truly want to prevent up until you come comfortable doing that all right so say you work your way as much as 200 to 500 to a thousand alright and then ten percent of a thousand is a hundred dollars per trade which’s too much for you okay you can walk that pull back to fifty dollars per trade pick that fixed amount when you want to protect your capital and simply select an objective each day on
the cash that you want to make when you get up to a comfy threshold where it’s fitting your earnings objectives so for me personally you understand I like to make three that three to five thousand dollars each week so I’m utilizing 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 understand a couple years from now move up to a thousand shot to make 3 to five thousand per trade and attempt to double my income fine so let’s enter the support of the real trading this is a system that I have actually been trading the markets with for the past couple months that have actually 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 wish to do is discover an area where I have a recently developed uptrend first thing that I wish to do is identify my wave count okay so if this is our beginning
very first pullback is two largest waves approximately 3 pullback is 4 and then the high is five and the way 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 value I’m gon na click here click back here and then 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 go up to the high of one if our rate action boils down through